Fiscal Year Ended August 2026 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Performance

On a consolidated basis, net sales were 67,888 million yen, operating income was 2,008 million yen, ordinary income was 1,715 million yen, and net income attributable to owners of the parent was 1,423 million yen. Compared with the same period of the previous fiscal year, net sales declined slightly, while operating income, ordinary income, and net income improved significantly. As the first year of the Medium-Term Management Plan 2028, improving profitability and returning to growth in sales and profits are priority issues. By segment, the housing subdivision business showed a solid recovery, and in the real estate distribution business the company continued to improve inventory and capital efficiency amid a challenging environment.

Outlook, Dividends and Capital Policy

The consolidated forecast for the year ending August 2027 is net sales of 75,000 million yen, operating income of 2,300 million yen, ordinary income of 18 million yen, and net income attributable to owners of the parent of 1,050 million yen (a 26.2% decrease from the previous fiscal year). The profit distribution policy targets a consolidated payout ratio of approximately 25%, assuming an annual dividend of 38 yen split between interim and year-end payments. The company is considering share buybacks (treasury stock acquisition), so future capital policy should be monitored.