Financial Summary for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

Overview of Performance

Consolidated results for the fiscal year ending March 2026 recorded net sales of 137,029 million yen (20.6% increase YoY) and operating income of 26,101 million yen (22.5% increase YoY), both setting new records. Net income attributable to owners of the parent was 12,191 million yen (8.9% increase YoY). Despite a slight decline in ordinary income due to increased losses on equity-method investments, this was partially offset by growth in core operations. By segment, the housing sales business saw declines in revenue and profit due to a decrease in units delivered; however, the real estate development business posted significant increases in both revenue and profit, while the rental and asset management businesses continued steady growth.

Financial Position and Cash Flow Status

Assets increased by 49,925 million yen versus the previous fiscal year-end to 509,773 million yen, liabilities rose by 42,485 million yen to 423,651 million yen, and equity increased by 7,440 million yen to 86,122 million yen. The equity ratio slightly declined to 17.0%. Cash flow from operating activities increased by 10,362 million yen, cash flow from investing activities decreased by 12,164 million yen, and cash flow from financing activities increased by 17,750 million yen, resulting in a 16,003 million yen increase in cash and cash equivalents to 62,053 million yen.

Outlook and Dividend Policy

The consolidated earnings outlook for the fiscal year ending March 2027 forecasts net sales of 145,000 million yen (5.8% increase YoY), operating income of 26,500 million yen (1.5% increase YoY), ordinary income of 20,000 million yen (16.3% increase YoY), and net income attributable to owners of the parent of 14,000 million yen (14.8% increase YoY), expecting record-high profits. The Company will maintain its progressive dividend policy, planning an annual dividend of 53 yen per share (year-end dividend), an increase of 5 yen.

Corporate Mergers and Business Development

On October 30, 2026, the Company plans to acquire shares of Ark Real Estate Co., Ltd., making it a consolidated subsidiary to strengthen the revenue base of the real estate rental and asset management businesses. The Company operates four business segments: housing sales, real estate development, real estate rental, and asset management, promoting development and supply of diverse asset types while striving to maximize earnings through an asset-recycling model.