Financial Summary for the Fiscal Year Ending November 2025〔IFRS〕(Consolidated)

Overview of Business Performance

Consolidated results for the fiscal year ending November 2025 recorded net sales of 94,688 million yen (15.2% increase YoY), operating income of 22,336 million yen (20.8% increase YoY), profit before tax of 20,631 million yen (18.8% increase YoY), and net income attributable to owners of parent of 14,754 million yen (23.1% increase YoY). All core businesses including real estate revitalization, real estate development, real estate leasing, real estate fund and consulting, and hotel operations achieved year-on-year increases in both revenue and profit. Notably, the real estate fund and consulting segment achieved significant profit growth due to an increase in entrusted asset balance. A stock split (1 share into 2 shares) was executed on December 1, 2025, resulting in earnings per share of 152.18 yen.

Outlook and Dividend Policy

For the fiscal year ending November 2026, consolidated earnings guidance anticipates net sales of 122,986 million yen (29.9% increase YoY), operating income of 24,611 million yen (10.2% increase YoY), profit before tax of 22,000 million yen (6.6% increase YoY), and net income attributable to owners of parent of 15,157 million yen (2.7% increase YoY). Dividend is planned at 55 yen per share at year-end on a post-stock split basis, targeting a payout ratio of 35.0%. As the final year of the medium-term management plan 'Further Evolution 2026,' the company aims to balance stable dividends with growth, promote portfolio management, and strive to enhance corporate value.