KOSE R.E. (3246) Q4 2026 earnings summary

Executive summary

• Revenue rose 31.3% year-over-year to ¥10,045 million, with operating profit up 138.9% and net income attributable to shareholders up 104.0% to ¥695 million.

• Strong growth in both family and asset management condominium sales, with significant increases in units delivered and contract value.

• The business environment remains challenging due to high construction costs, labor shortages, and rising mortgage rates.

Financial highlights

• Operating profit: ¥768 million (up 138.9% YoY); Ordinary profit: ¥982 million (up 96.0% YoY).

• Net income: ¥695 million (up 104.0% YoY); Comprehensive income: ¥703 million (up 105.5% YoY).

• Total assets: ¥19,773 million (up ¥2,752 million YoY); Net assets: ¥10,660 million.

• Cash and equivalents at year-end: ¥4,672 million (up ¥433 million YoY).

Outlook and guidance

• FY2027 forecast: Revenue ¥10,350 million (+3.0% YoY), operating profit ¥545 million (–29.1% YoY), net income ¥440 million (–36.8% YoY).

• Continued focus on new project acquisition and stable growth in property management and maintenance.