| Item | Current | Prior | YoY % |
|---|---|---|---|
| Net Sales | ¥69.16B | ¥55.85B | +23.8% |
| Cost of Sales | ¥56.88B | ¥46.03B | +23.6% |
| Gross Profit | ¥12.28B | ¥9.82B | +25.0% |
| SG&A Expenses | ¥4.96B | ¥4.29B | +15.6% |
| Operating Income | ¥7.31B | ¥5.52B | +32.4% |
| Non-operating Income | ¥343M | ¥184M | +86.4% |
| Non-operating Expenses | ¥1.50B | ¥1.10B | +36.2% |
| Ordinary Income | ¥6.16B | ¥4.61B | +33.6% |
| Profit Before Tax | ¥6.16B | ¥4.61B | +33.6% |
| Income Tax Expense | ¥1.97B | ¥1.50B | +31.4% |
| Net Income | ¥1.67B | ¥1.01B | +65.2% |
| Net Income Attributable to Owners | ¥4.18B | ¥3.11B | +34.7% |
| Total Comprehensive Income | ¥4.35B | ¥3.17B | +37.1% |
| Depreciation & Amortization | ¥76M | ¥62M | +23.1% |
| Interest Expense | ¥1.23B | ¥877M | +40.7% |
| Earnings per Unit (EPU) | ¥124.40 | ¥92.98 | +33.8% |
| Diluted Earnings per Unit | ¥123.37 | ¥92.20 | +33.8% |
| Distribution per Unit (DPU) | ¥37.00 | ¥10.50 | +252.4% |
| Total Dividend Paid | ¥766M | ¥766M | +0.0% |
| Item | Current End | Prior End | Change |
|---|---|---|---|
| Current Assets | ¥110.86B | ¥99.53B | +¥11.33B |
| Cash and Deposits | ¥3.40B | ¥1.90B | +¥1.50B |
| Non-current Assets | ¥4.60B | ¥3.23B | +¥1.37B |
| Property, Plant & Equipment | ¥126M | ¥44M | +¥82M |
| Intangible Assets | ¥103M | ¥119M | ¥-16M |
| Item | Current | Prior | Change |
|---|---|---|---|
| Operating Cash Flow | ¥-5.12B | ¥-5.27B | +¥148M |
| Investing Cash Flow | ¥-378M | ¥-56M | ¥-322M |
| Financing Cash Flow | ¥7.00B | ¥3.03B | +¥3.97B |
| Free Cash Flow | ¥-5.50B | - | - |
| Item | Value |
|---|---|
| Operating Margin | 10.6% |
| ROA (Ordinary Income) | 5.6% |
| Payout Ratio | 24.7% |
| Dividend on Equity (DOE) | 3.1% |
| Book Value Per Share | ¥872.58 |
| Net Profit Margin | 6.0% |
| Gross Profit Margin | 17.7% |
| Current Ratio | 907.8% |
| Quick Ratio | 907.8% |
| Debt-to-Equity Ratio |
| Item | YoY Change |
|---|---|
| Net Sales YoY Change | +23.8% |
| Operating Revenues YoY Change | +41.4% |
| Operating Income YoY Change | +32.4% |
| Ordinary Income YoY Change | +33.6% |
| Net Income YoY Change | +65.1% |
| Net Income Attributable to Owners YoY Change | +34.7% |
| Total Comprehensive Income YoY Change | +37.1% |
| Item | Value |
|---|---|
| Units Outstanding (incl. Treasury) | 34.76M shares |
| Treasury Units | 822K shares |
| Average Units Outstanding | 33.64M shares |
| NAV per Unit | ¥875.19 |
| EBITDA | ¥7.39B |
| Item | Amount |
|---|---|
| Q2 Distribution | ¥10.50 |
| Year-End Distribution | ¥12.50 |
| Segment | Revenue | Operating Income |
|---|---|---|
| Advisory | ¥1.88B | ¥1.02B |
| Investment | ¥2.17B | ¥225M |
| RenovationCondominium | ¥66.01B | ¥6.82B |
| Item | Forecast |
|---|---|
| Net Sales Forecast | ¥84.72B |
| Operating Income Forecast | ¥9.30B |
| Ordinary Income Forecast | ¥7.49B |
| Net Income Attributable to Owners Forecast | ¥5.09B |
| Earnings per Unit Forecast (EPU) | ¥150.14 |
| Distribution per Unit Forecast (DPU) | ¥22.50 |
| Investment Securities | ¥1.87B | ¥1.37B | +¥506M |
| Total Assets | ¥115.46B | ¥102.76B | +¥12.70B |
| Current Liabilities | ¥12.21B | ¥16.07B | ¥-3.85B |
| Short-term Loans | ¥127M | ¥1.89B | ¥-1.76B |
| Non-current Liabilities | ¥73.55B | ¥61.20B | +¥12.35B |
| Long-term Loans | ¥73.55B | ¥61.18B | +¥12.37B |
| Total Liabilities | ¥85.76B | ¥77.26B | +¥8.50B |
| Total Equity | ¥29.70B | ¥25.50B | +¥4.20B |
| Capital Stock | ¥832M | ¥482M | +¥350M |
| Capital Surplus | ¥4.18B | ¥3.76B | +¥414M |
| Retained Earnings | ¥24.95B | ¥21.69B | +¥3.26B |
| Treasury Stock | ¥-589M | ¥-569M | ¥-20M |
| Owners' Equity | ¥29.61B | ¥25.44B | +¥4.17B |
| Working Capital | ¥98.65B | - | - |
| 2.89x |
| Interest Coverage Ratio | 5.93x |
| EBITDA Margin | 10.7% |
| Effective Tax Rate | 32.0% |