Supplementary Financial Explanation Materials for the Fiscal Year Ending March 2026

Overview of Performance

For the fiscal year ending March 2026, consolidated performance showed increased revenues from property sales, contributions from newly opened hotels, and growth in rental income, resulting in net sales of 50.855 billion yen (up 20.9% YoY), operating income of 15.109 billion yen (up 14.5% YoY), and ordinary income of 12.980 billion yen (up 11.4% YoY). Net income attributable to owners of parent was 11.032 billion yen (up 15.3% YoY), marking a record-high for the second consecutive year. By segment, the Building Business achieved net sales of 46.236 billion yen (up 21.7% YoY) and operating income of 14.657 billion yen (up 12.7% YoY), while the Asset Management Business recorded net sales of 4.619 billion yen (up 13.3% YoY) and operating income of 2.737 billion yen (up 16.2% YoY), showing steady growth.

Capital Policy and Dividends

In the fiscal year ending March 2026, approximately 1 billion yen worth of share buybacks were executed, along with the cancellation of 6.7 million shares of treasury stock. In accordance with the shareholder return policy targeting a consolidated payout ratio of about 50%, the annual dividend forecast per share for the fiscal year ending March 2026 is 98 yen (including a 15 yen special dividend), representing a 12 yen increase from the previous year's 86 yen, marking the ninth consecutive dividend increase. The dividend forecast for the fiscal year ending March 2027 is 103 yen per share (including a 15 yen special dividend), projecting the tenth consecutive increase.