Financial Summary for the Third Quarter of the Fiscal Year Ending March 2026

Performance Overview

During the cumulative third quarter of the fiscal year ending March 2026 (April 1, 2025, to December 31, 2025), consolidated net sales were JPY 82,501 million (10.5% increase YoY), consolidated operating income was JPY 14,137 million (12.2% increase YoY), consolidated ordinary income was JPY 12,548 million (3.2% increase YoY), and net income attributable to owners of parent for the quarter was JPY 7,960 million (2.3% increase YoY). The core real estate sales business remained solid with sales to individual and corporate customers as well as domestic and international institutional investors, achieving net sales to external customers of JPY 59,940 million (10.7% increase YoY) and segment income of JPY 10,338 million (3.0% decrease YoY). Other businesses also performed well with net sales of JPY 22,596 million (9.9% increase YoY) and segment income of JPY 4,410 million (23.4% increase YoY).

Financial Position Overview

Total assets increased by JPY 25,974 million from the previous consolidated fiscal year-end to JPY 253,040 million. The main factor for the increase was an increase of JPY 25,640 million in real estate for sale in the process of construction. Liabilities increased by JPY 21,082 million to JPY 174,651 million, mainly due to an increase in long-term borrowings. Net assets increased by JPY 4,892 million to JPY 78,352 million, with an equity ratio of 31.0%.