Financial Summary for the Fiscal Year Ending December 2025 [Japanese Standards] (Consolidated)

Overview of Financial Results

For the fiscal year ending December 2025, consolidated results reported net sales of 68,262 million yen (9.8% Year-over-Year increase), operating income of 11,049 million yen (14.8% YoY increase), ordinary income of 9,951 million yen (12.3% YoY increase), and net income attributable to owners of parent of 6,659 million yen (9.4% YoY increase). The core business of real estate purchase and resale saw steady demand from both domestic and international investors amid a weak yen and low interest rate environment, with both investment and residential real estate achieving higher sales and gross profit than the previous year. The purchase amount for investment properties expanded significantly to 29,282 million yen (57.9% increase over the previous fiscal year), while new assets such as hotels and villas were added to expand the scope of handled business.

Financial Position and Cash Flow Status

Total assets increased to 106,698 million yen (21.9% Year-over-Year increase), and net assets rose to 35,802 million yen (11.6% increase YoY). Cash and cash equivalents at the end of the period were 19,173 million yen, reflecting a decrease compared to the previous year. Cash flow from operating activities was negative 6,756 million yen, cash flow from investing activities was negative 4,975 million yen, and cash flow from financing activities was positive 10,403 million yen. The equity ratio declined to 33.5% from 36.6% in the previous year.

Dividend Situation

The annual dividend for the fiscal year ending December 2025 was 114 yen per share (interim dividend 45 yen, year-end dividend 69 yen), with a consolidated payout ratio planned at 40.0%. For the fiscal year ending December 2026, based on earnings forecasts, an annual dividend of 130 yen per share (interim dividend 52 yen, year-end dividend 78 yen) and a consolidated payout ratio of 40.2% are planned.

Earnings Forecast for the Fiscal Year Ending December 2026

The consolidated earnings forecast for the fiscal year ending December 2026 is net sales of 79,286 million yen (16.1% Year-over-Year increase), operating income of 12,398 million yen (12.2% YoY increase), ordinary income of 11,058 million yen (11.1% YoY increase), and net income attributable to owners of parent of 7,595 million yen (14.1% YoY increase). Both sales and profits are expected to increase, maintaining a growth trend.