Management Interview

I would like to express my sincere gratitude to our shareholders and investors for their continued support.

Review of consolidated earnings for the fiscal year ended March 31, 2026

The consolidated earnings results for the fiscal year ended March 31, 2026 were net sales of ¥138,579 million (up 50.4% year over year), operating income of ¥13,800 million (up 49.6% year over year), ordinary income of ¥11,820 million (up 37.4% year over year), and profit attributable to owners of parent of ¥7,129 million (up 30.5% year over year).
Despite the continued uncertain business environment, including rising interest rates, soaring construction costs, and the situation in the Middle East, our sales remained strong, resulting in growth in both net sales and profit.

Consolidated earnings forecast for the fiscal year ending March 31, 2027

The Group has developed the Third Medium-Term Management Plan (FY3/27 to FY3/31) starting from the fiscal year ending March 31, 2027. The consolidated earnings forecast for the fiscal year ending March 31, 2027, the first year of the Third Medium-Term Management Plan, is net sales of ¥127,800 million, operating income of ¥13,900 million, ordinary income of ¥10,800 million, and profit attributable to owners of parent of ¥7,200 million. While we expect a decrease in net sales due to a decline in the number of condominium apartments and senior housing units delivered, we plan to achieve increases in operating income and profit attributable to owners of parent through improved profitability.

Shareholder return

The year-end dividend for the fiscal year ended March 31, 2026 is set at ¥37 per share, bringing the annual dividend to ¥74 per share, an increase of ¥12 from the previous fiscal year.
Under the Third Medium-Term Management Plan, we will maintain “payout ratio of over 40% and DOE of over 4%” as our shareholder return policy and plan to pay an annual dividend of ¥75 per share for the fiscal year ending March 31, 2027, up ¥1 year over year.