FY2026 October Period Q1 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Financial Results

For the first quarter consolidated cumulative period of the fiscal year ending October 2026, net sales reached 16,772 million yen (up 9.9% YoY), primarily driven by increased rental income from the student apartment business. Although operating loss was 254 million yen, the deficit improved significantly from 564 million yen a year earlier. Ordinary loss also narrowed substantially to 321 million yen from 715 million yen the previous year. Net income attributable to owners of parent turned positive at 382 million yen. Special gains included 316 million yen from fixed asset sales and 499 million yen from sale of investment securities, contributing to improved profitability.

Financial Position and Future Outlook

Total assets stood at 87,630 million yen, down 1.5% from the end of the previous fiscal year, mainly due to reduced current assets. Net assets decreased by 4.3% to 39,819 million yen but equity ratio remained stable at 45.4%. The number of shares outstanding totaled 21,957,600 with negligible change from the previous fiscal year-end, and treasury shares remained unchanged at 888,178. There is no change to the consolidated earnings guidance for the fiscal year ending October 2026. As the final year of the mid-term management plan 'GT02', the company will continue aiming to improve capital efficiency through property development and asset sales.