Company profile

LAND BUSINESS

EDINET
E04038
Securities
8944
Industry
Real Estate
Latest annual securities report
2025-12-19 Annual Securities Report PDF HTML
Latest financial report
2026-05-14 Semiannual Securities Report PDF HTML
Latest filing
—
Compare this company

Industry position

Real Estate

View details
Profitability Below average Current Bottom 34% 5-year trend Deteriorating
Financial strength Below average Based on Equity ratio Current Bottom 39% 5-year trend Deteriorating
Growth Very strong Current Top 10% 5-year trend Improving
Cash generation Above average Current Top 42% 5-year trend Deteriorating

Latest half-year results

H1 FY2026

2025/10/01 - 2026/03/31

Standalone · Japanese GAAP · Cumulative YTD

For H1 FY2026, revenue was ¥14.95 billion, up 53.5% year over year. Operating income was ¥3.46 billion, up 550.3% year over year. Net income was ¥618.44 million, up 400.8% year over year.

Revenue ¥14.95B up 53.5% year over year
Operating income ¥3.46B up 550.3% year over year
Net income ¥618.44M up 400.8% year over year
Operating cash flow ¥7.12B
Free cash flow ¥5.38B
Total assets ¥56.8B

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Standalone · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2025

Standalone Japanese GAAP

Revenue reached ¥10.82 billion, up 136.4% year over year. Operating income returned to profit at ¥1.37 billion. Operating margin was 12.7%. Net income was -¥358.39 million, up 82.9% year over year. ROE was -2.2%; equity ratio was 30.2%; free cash flow was -¥1.94 billion.

Revenue ¥10.82B up 136.4% year over year
Operating income ¥1.37B up 266.6% year over year
Net income -¥358.39M up 82.9% year over year
Total assets¥54B
Total equity—
Operating cash flow¥3.04B
Free cash flow-¥1.94B

Industry position details

Real Estate

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Below average

Operating margin Top 41% / ROE Bottom 97%

Financial strength Below average
Based on Equity ratio

Equity ratio Bottom 63%

Growth Very strong

Revenue growth Top 4% / 3-year revenue CAGR Top 20%

Cash generation Above average

Operating cash flow margin Top 10% / Free cash flow margin Bottom 78%

Profitability Industry position history Deteriorating
2025 Bottom 37% 2024 Bottom 3% 2023 Bottom 6% 2022 Bottom 31% 2021 Top 49%
Financial strength Industry position history Deteriorating
2025 Bottom 37% 2024 Top 50% 2023 Top 45% 2022 Bottom 50% 2021 Bottom 49%
Growth Industry position history Improving
2025 Top 6% 2024 Bottom 25% 2023 Bottom 25% 2022 Bottom 27% 2021 Bottom 45%
Cash generation Industry position history Deteriorating
2025 Top 40% 2024 Bottom 2% 2023 Top 32% 2022 Top 18% 2021 Top 16%
Profitability Operating margin 12.7% Industry median 10.7% Top 41% Comparison sample 54
Profitability ROE -2.2% Industry median 14.1% Bottom 97% Comparison sample 54
Financial strength Equity ratio 30.2% Industry median 33.1% Bottom 63% Comparison sample 54
Growth Revenue growth +136.4% Industry median +13.1% Top 4% Comparison sample 53
Growth 3-year revenue CAGR +33.5% Industry median +11.9% Top 20% Comparison sample 47
Cash generation Operating cash flow margin 28.1% Industry median 1.4% Top 10% Comparison sample 54
Cash generation Free cash flow margin -17.9% Industry median -7.1% Bottom 78% Comparison sample 54

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2025 Standalone Japanese GAAP 10817593000 1373787000 961904000 -358389000 -358389000 -308546000 54002030000 37673788000 16328241000 16314367000 16328241000 3040351000 -4980165000 3513112000 -1939814000 7523479000 -2.71 822.74 6.0 23346115 0.3023634667 0.302 -0.0219490268 -0.0066365838 0.1269956265 0.0889203356 -0.0331301982 0.2810561462 -0.179320298 -2.2140221402 1.3641436093 2.665693043 1.8095901399 0.8292688155 0.077710009 -0.0078137765 2.150000643 -2.3112424926 7.1009110264 0.532326904 0.2648886051 0.9748071024 0.0 -0.1282517699 -0.0563380282 0.3123238775 67 13971000
FY2024 Standalone Japanese GAAP 4575692000 -824754000 -1188137000 -2099142000 -2099142000 -2088239000 50108127000 33651296000 16456831000 16487240000 16456831000 -2643782000 -1504017000 -575834000 -4147799000 5947938000 -107.57 829.22 6.0 26780800 0.3284263848 0.328 -0.1275544484 -0.0418922463 -0.1802468348 -0.2596628007 -0.458759462 -0.5777884525 -0.9064856201 -0.0557776332 0.0299145492 -24.5128530331 -1.5847270686 -7.0062318666 -0.0635933053 -0.1199538202 -338.2944045175 -1.7837904176 0.7212437661 -3.1703612037 -0.4404627012 -6.7864443249 0.0 0.0 0.6511627907 -0.0028100412 71 10646000
FY2023 Standalone Japanese GAAP 4442788000 -32327000 -459676000 349494000 349494000 374668000 53511073000 34811110000 18699963000 18741208000 18699963000 -7792000 1918902000 -2065726000 1911110000 10630101000 18.59 17.6 327.184 8762249267.200 942.25 6.0 26780800 0.3494596903 0.349 0.0186895557 0.0065312463 -0.0072762869 -0.1034656617 0.0786654686 -0.0017538537 0.4301600707 0.3227541689 -0.0225906083 -1.0722352321 -558.8976857491 0.3094665378 -0.0092416222 0.0149294794 -1.0095624258 1.8385914305 -4.4895137974 0.2818834217 -0.0143366753 0.5727580372 0.0 0.0 0.8695652174 0.0977892031 43 10676000
FY2022 Standalone Japanese GAAP 4545473000 447524000 -821000 266898000 266898000 327157000 54010215000 35585326000 18424889000 18491308000 18424889000 814856000 676005000 -376304000 1490861000 10784718000 11.82 18.8 222.216 5951122252.800 928.39 6.0 26780800 0.3411371164 0.341 0.0144857318 0.0049416208 0.0984548803 -0.0001806193 0.0587173216 0.1792675922 0.3279880884 0.5076142132 -0.0093408672 -0.4165716066 -1.0034376492 -0.1545432947 0.0077590232 0.0096308126 -0.1616173048 6.2472638361 0.7986951433 0.768291844 0.1420621639 -0.2556675063 0.0 0.0 -0.0416666667 -0.1603350026 23 9725000
FY2021 Standalone Japanese GAAP 4588332000 767059000 238826000 315685000 53594375000 35345239000 18249135000 18375813000 18249135000 971938000 -128830000 -1869324000 843108000 9443197000 15.88 17.0 269.960 7229744768.000 919.53 6.0 26780800 0.3405046705 0.341 0.0172986281 0.0058902637 0.1671760021 0.0520507234 0.0688016909 0.2118281763 0.1837504348 0.3778337531 0.0096259593 -0.0624389624 -0.2679573083 -0.2428744796 -0.024403095 0.0130620138 0.0384152687 0.8331980325 -4.2294195483 4.1525585318 -0.0980204814 -0.1584525702 0.0 0.0 -0.1111111111 -0.0124488404 24 11582000
FY2020 Standalone Japanese GAAP 4544586000 818143000 326246000 416952000 54934958000 36921119000 18013838000 18242066000 18013838000 935982000 -772353000 -357463000 163629000 10469414000 18.87 19.2 362.304 9702790963.200 899.49 6.0 26780800 0.3279121102 0.328 0.0231462057 0.0075899212 0.1800258593 0.0717878372 0.091746971 0.205955394 0.0360052599 0.3179650238 -0.0214297342 -0.2146545948 -0.3760213293 0.0239212595 -0.0043141406 -0.0532655642 -0.4472448227 0.3629883963 -0.6839380435 -0.6597017719 -0.0181777635 0.1238832638 0.0 0.0 0.2272727273 0.0664726744 27 11728000
FY2019 Standalone Japanese GAAP 4644108000 1041762000 522848000 407211000 55172982000 36145642000 19027340000 19413984000 19027340000 1693303000 -1212463000 -212278000 480840000 10663248000 16.79 45.0 755.550 20234233440.000 787.18 6.0 26780800 0.3448669858 0.345 0.0214013625 0.0073806234 0.2243190727 0.1125830838 0.0876833614 0.364613183 0.1035376438 0.3573555688 0.0279523948 -0.0097658255 -0.0346019483 -0.1045801074 0.0043923817 -0.0142810392 1.0839985428 0.4426666949 -1.2131067722 1.3527946082 0.025836372 -0.0739106453 0.0 0.1 22 10997000
FY2018 Standalone Japanese GAAP 4517824000 1052036000 541588000 454771000 54931701000 35628693000 19303007000 19652376000 19303007000 812526000 -2175472000 996111000 -1362946000 10394687000 18.13 21.1 382.543 769.77 6.0 0.3514001323 0.351 0.0235595936 0.0082788443 0.2328634316 0.1198780652 0.1006615132 0.1798489715 -0.3016819602 0.3309431881 -0.0369367683 -0.0664733422 -0.0321838177 -0.0832985618 0.0229701362 0.0203713689 -0.4038147299 -7.6701897861 1.1790016647 -2.2257138515 -0.0340875607 -0.0829539707 0.0 0.0 20
FY2017 Standalone Japanese GAAP 4691098000 1126948000 559598000 496095000 53698245000 34780616000 18917629000 19352916000 18917629000 1362875000 -250914000 457141000 1111961000 10761521000 19.77 15.3 302.481 754.06 6.0 0.3522951076 0.352 0.0262239523 0.0092385701 0.2402311783 0.1192893433 0.1057524273 0.2905236684 0.2370364038 0.3034901366 0.0190212604 0.2110297989 0.4436172079 0.2699641867 0.0269997692 0.0259400676 0.1975759823 0.8633232761 -0.2818052706 2.593539918 0.1706950944 0.2697495183 0.0 0.0526315789 20
FY2016 Standalone Japanese GAAP 4603533000 930570000 387636000 390637000 52286521000 33847208000 18439312000 19007346000 18439312000 1138028000 -1835821000 636514000 -697793000 9192420000 15.57 17.4 270.918 734.99 6.0 0.352658996 0.353 0.0211850095 0.0074710842 0.2021425718 0.0842040233 0.0848559139 0.2472075252 -0.1515777122 0.3853564547 19

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp