KOSE R.E. (3246) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 FY2026 was ¥965.95 million, a 24.0% decrease year-over-year, with an operating loss of ¥179.38 million and a net loss attributable to shareholders of ¥100.04 million, reversing a profit in the prior year.

• The company continued sales of family and asset management-type condominiums, started new projects, and faced higher construction and financing costs impacting profitability.

Financial highlights

• Operating loss widened to ¥179.38 million from ¥33.59 million loss year-over-year; ordinary loss was ¥137.62 million versus a profit of ¥8.06 million last year.

• Net loss attributable to shareholders was ¥100.04 million, compared to a profit of ¥0.58 million in the same quarter last year.

• Total assets increased to ¥17.29 billion, up ¥268.89 million from the previous fiscal year-end, mainly due to increased work-in-progress real estate.

• Equity decreased by ¥343.66 million to ¥9.92 billion, primarily due to the net loss and dividend payments.

Outlook and guidance

• No changes to the full-year earnings forecast announced on March 13, 2025; actual results may differ due to various factors.