KOSE R.E. (3246) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended October 31, 2025, was ¥3,858 million, a 13.3% decrease year-over-year, with an operating loss of ¥157 million and a net loss attributable to shareholders of ¥33 million, reversing a profit in the prior year.

• The business environment was challenging due to rising construction and labor costs, high land prices, and intensified competition for development sites, impacting demand and profitability.

Financial highlights

• Operating loss widened to ¥157 million from a loss of ¥18 million in the prior year.

• Net loss attributable to shareholders was ¥33 million, compared to a profit of ¥83 million year-over-year.

• Comprehensive loss was ¥34 million, compared to a comprehensive income of ¥84 million in the previous year.

• EPS for the period was -¥3.21, down from ¥8.17 in the prior year.

Outlook and guidance

• Full-year revenue is forecast at ¥10,016 million, up 31% year-over-year, with operating profit of ¥787 million and net profit attributable to shareholders of ¥531 million, reflecting a significant recovery in the fourth quarter.

• The company revised its earnings forecast upward due to cost reductions and better-than-expected progress.

• Actual results may differ due to various factors; major revisions will be disclosed promptly.