KOSE R.E. (3246) Q1 2027 earnings summary

Executive summary

• Revenue for Q1 FY2027 was ¥1,755 million, up 81.7% year-over-year, with a significant reduction in net loss to ¥1.7 million from ¥100 million in the prior year.

• Operating loss narrowed to ¥35 million from ¥179 million, and ordinary profit reached ¥8 million versus a loss of ¥137 million last year.

• The business environment remains uncertain due to inflation, rising costs, and geopolitical risks, but the company continued to develop and sell both family and asset management-type condominiums.

Financial highlights

• Gross profit increased to ¥394 million from ¥237 million year-over-year.

• Net assets at quarter-end were ¥10,414 million, down from ¥10,660 million at the previous year-end.

• Total assets decreased to ¥19,063 million from ¥19,773 million at the previous year-end.

• Equity ratio improved to 54.6% from 53.9% year-over-year.

• EPS for the quarter was -¥0.17, compared to -¥9.85 in the same period last year.

Outlook and guidance

• Full-year revenue forecast remains unchanged at ¥10,350 million, with operating profit expected at ¥545 million and net profit at ¥440 million.

• No revision to previously announced guidance; actual results may differ due to various factors.