KOSE R.E. (3246) Q4 2025 earnings summary

Executive summary

• Revenue declined 24.7% year-over-year to ¥7,648 million, with operating profit down 80.1% and net income attributable to shareholders down 73.0%.

• The business environment was impacted by high construction costs, material price increases, and labor shortages, leading to a cautious approach in new developments.

• The company continued sales of family and asset management-type condominiums and initiated new projects.

Financial highlights

• Operating profit was ¥321 million, down 80.1% year-over-year; ordinary profit was ¥501 million, down 72.6%.

• Net income attributable to shareholders was ¥341 million, a 73.0% decrease year-over-year.

• EPS was ¥33.59, down from ¥124.31 in the previous year.

• Cash and equivalents at period-end were ¥4,239 million, down ¥260 million from the previous year.

Outlook and guidance

• For the fiscal year ending January 2026, revenue is forecast at ¥10,310 million (+34.8% YoY), operating profit at ¥507 million (+57.5%), and net income at ¥380 million (+11.4%).

• The company plans to continue developing and selling both family and asset management-type condominiums, while focusing on securing new, efficient projects.