Annual report

Period2023-12-01 → 2024-11-30
Filed2025-04-07
StandardIFRS
ConsolidatedYes
Data checks19 of 19 passed

Amends S100VAGJ. Amended by S100VKTW (2025-04-07).

Key figures · 154
MetricValuePeriodScopeSource row
Revenue¥82.2bn2023-12-01 → 2024-11-30Cons.Revenue IFRS (5-year summary)
Revenue¥79.4bn2022-12-01 → 2023-11-30Cons.Revenue IFRS (5-year summary)
Revenue¥71.0bn2021-12-01 → 2022-11-30dCons.Revenue IFRS (5-year summary)
Revenue¥61.7bn2020-12-01 → 2021-11-30dCons.Revenue IFRS (5-year summary)
Revenue¥63.9bn2019-12-01 → 2020-11-30dCons.Revenue IFRS (5-year summary)
Operating income¥18.5bn2023-12-01 → 2024-11-30Cons.Operating profit loss IFRS
Operating income¥16.3bn2022-12-01 → 2023-11-30Cons.Operating profit loss IFRS
Profit before tax¥17.4bn2023-12-01 → 2024-11-30Cons.Profit loss before tax IFRS
Profit before tax¥15.3bn2022-12-01 → 2023-11-30Cons.Profit loss before tax IFRS
Profit before tax¥12.8bn2021-12-01 → 2022-11-30dCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥10.3bn2020-12-01 → 2021-11-30dCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥5.9bn2019-12-01 → 2020-11-30dCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)¥12.0bn2023-12-01 → 2024-11-30Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥10.5bn2022-12-01 → 2023-11-30Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥8.6bn2021-12-01 → 2022-11-30dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥6.7bn2020-12-01 → 2021-11-30dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥3.6bn2019-12-01 → 2020-11-30dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income¥12.0bn2023-12-01 → 2024-11-30Cons.Profit loss IFRS
Net income¥10.5bn2022-12-01 → 2023-11-30Cons.Profit loss IFRS
Total assets¥276.8bnat 2024-11-30Cons.Assets IFRS
Total assets¥245.3bnat 2023-11-30Cons.Assets IFRS
Total assets¥211.0bnat 2022-11-30dCons.Total assets IFRS (5-year summary)
Total assets¥195.0bnat 2021-11-30dCons.Total assets IFRS (5-year summary)
Total assets¥161.7bnat 2020-11-30dCons.Total assets IFRS (5-year summary)
Total liabilities¥185.9bnat 2024-11-30Cons.Liabilities IFRS
Total liabilities¥163.0bnat 2023-11-30Cons.Liabilities IFRS
Net assets / equity¥90.9bnat 2024-11-30Cons.Equity IFRS
Net assets / equity¥82.3bnat 2023-11-30Cons.Equity IFRS
Net assets / equity¥72.3bnat 2022-11-30dCons.Equity IFRS
Equity (owners)¥90.5bnat 2024-11-30Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥82.0bnat 2023-11-30Cons.Equity attributable to owners of parent IFRS
Cash & equivalents¥34.9bnat 2024-11-30Cons.Cash and cash equivalents IFRS
Cash & equivalents¥39.2bnat 2023-11-30Cons.Cash and cash equivalents IFRS
Cash & equivalents¥31.8bnat 2022-11-30dCons.Cash and cash equivalents IFRS
Cash & equivalents¥33.6bnat 2021-11-30dCons.Cash and cash equivalents IFRS (5-year summary)
Cash & equivalents¥37.0bnat 2020-11-30dCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow−¥13.0bn2023-12-01 → 2024-11-30Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥5.7bn2022-12-01 → 2023-11-30Cons.Net cash provided by used in operating activities IFRS
Operating cash flow−¥197m2021-12-01 → 2022-11-30dCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥975m2020-12-01 → 2021-11-30dCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥12.5bn2019-12-01 → 2020-11-30dCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥5.6bn2023-12-01 → 2024-11-30Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥16.1bn2022-12-01 → 2023-11-30Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥9.1bn2021-12-01 → 2022-11-30dCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥15.4bn2020-12-01 → 2021-11-30dCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥4.1bn2019-12-01 → 2020-11-30dCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow¥14.3bn2023-12-01 → 2024-11-30Cons.Net cash provided by used in financing activities IFRS
Financing cash flow¥17.8bn2022-12-01 → 2023-11-30Cons.Net cash provided by used in financing activities IFRS
Financing cash flow¥7.5bn2021-12-01 → 2022-11-30dCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow¥11.0bn2020-12-01 → 2021-11-30dCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥3.4bn2019-12-01 → 2020-11-30dCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥247.432023-12-01 → 2024-11-30Cons.Basic earnings loss per share IFRS
EPS (basic)¥219.742022-12-01 → 2023-11-30Cons.Basic earnings loss per share IFRS
EPS (basic)¥181.662021-12-01 → 2022-11-30dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥142.562020-12-01 → 2021-11-30dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥76.052019-12-01 → 2020-11-30dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (diluted)¥247.232023-12-01 → 2024-11-30Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥219.322022-12-01 → 2023-11-30Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥181.332021-12-01 → 2022-11-30dCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥142.372020-12-01 → 2021-11-30dCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥75.942019-12-01 → 2020-11-30dCons.Diluted earnings loss per share IFRS (5-year summary)
Net assets per share¥1,867.49at 2024-11-30Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥1,695.98at 2023-11-30Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥1,529.65at 2022-11-30dCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥1,380.36at 2021-11-30dCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥1,250at 2020-11-30dCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio32.7%at 2024-11-30Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio33.4%at 2023-11-30Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio34.3%at 2022-11-30dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio33.8%at 2021-11-30dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio36.5%at 2020-11-30dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE13.9%2023-12-01 → 2024-11-30Cons.Rate of return on equity IFRS (5-year summary)
ROE13.6%2022-12-01 → 2023-11-30Cons.Rate of return on equity IFRS (5-year summary)
ROE12.5%2021-12-01 → 2022-11-30dCons.Rate of return on equity IFRS (5-year summary)
ROE10.8%2020-12-01 → 2021-11-30dCons.Rate of return on equity IFRS (5-year summary)
ROE6.1%2019-12-01 → 2020-11-30dCons.Rate of return on equity IFRS (5-year summary)
Employees809at 2024-11-30Cons.Number of employees
Employees727at 2023-11-30Cons.Number of employees
Employees663at 2022-11-30dCons.Number of employees
Employees638at 2021-11-30dCons.Number of employees
Employees509at 2020-11-30dCons.Number of employees
Revenue¥45.6bn2023-12-01 → 2024-11-30StandaloneNet sales
Revenue¥46.5bn2022-12-01 → 2023-11-30StandaloneNet sales
Revenue¥43.1bn2021-12-01 → 2022-11-30dStandaloneNet sales (5-year summary)
Revenue¥47.5bn2020-12-01 → 2021-11-30dStandaloneNet sales (5-year summary)
Revenue¥52.0bn2019-12-01 → 2020-11-30dStandaloneNet sales (5-year summary)
Operating income¥10.4bn2023-12-01 → 2024-11-30StandaloneOperating income
Operating income¥7.8bn2022-12-01 → 2023-11-30StandaloneOperating income
Ordinary income¥14.8bn2023-12-01 → 2024-11-30StandaloneOrdinary income
Ordinary income¥10.9bn2022-12-01 → 2023-11-30StandaloneOrdinary income
Ordinary income¥10.7bn2021-12-01 → 2022-11-30dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥9.7bn2020-12-01 → 2021-11-30dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥3.4bn2019-12-01 → 2020-11-30dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥14.3bn2023-12-01 → 2024-11-30StandaloneIncome before income taxes
Profit before tax¥10.9bn2022-12-01 → 2023-11-30StandaloneIncome before income taxes
Net income¥11.7bn2023-12-01 → 2024-11-30StandaloneProfit loss
Net income¥8.7bn2022-12-01 → 2023-11-30StandaloneProfit loss
Net income¥8.7bn2021-12-01 → 2022-11-30dStandaloneNet income loss (5-year summary)
Net income¥7.5bn2020-12-01 → 2021-11-30dStandaloneNet income loss (5-year summary)
Net income¥2.6bn2019-12-01 → 2020-11-30dStandaloneNet income loss (5-year summary)
Total assets¥245.0bnat 2024-11-30StandaloneAssets
Total assets¥217.5bnat 2023-11-30StandaloneAssets
Total assets¥189.9bnat 2022-11-30dStandaloneTotal assets (5-year summary)
Total assets¥171.1bnat 2021-11-30dStandaloneTotal assets (5-year summary)
Total assets¥148.1bnat 2020-11-30dStandaloneTotal assets (5-year summary)
Total liabilities¥163.0bnat 2024-11-30StandaloneLiabilities
Total liabilities¥143.7bnat 2023-11-30StandaloneLiabilities
Net assets / equity¥82.0bnat 2024-11-30StandaloneNet assets
Net assets / equity¥73.8bnat 2023-11-30StandaloneNet assets
Net assets / equity¥65.9bnat 2022-11-30dStandaloneNet assets
Net assets / equity¥59.5bnat 2021-11-30dStandaloneNet assets (5-year summary)
Net assets / equity¥51.7bnat 2020-11-30dStandaloneNet assets (5-year summary)
Cash and deposits¥20.8bnat 2024-11-30StandaloneCash and deposits
Cash and deposits¥25.2bnat 2023-11-30StandaloneCash and deposits
EPS (basic)¥242.52023-12-01 → 2024-11-30StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥182.762022-12-01 → 2023-11-30StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥183.352021-12-01 → 2022-11-30dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥158.082020-12-01 → 2021-11-30dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥54.772019-12-01 → 2020-11-30dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥242.32023-12-01 → 2024-11-30StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥182.412022-12-01 → 2023-11-30StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥183.022021-12-01 → 2022-11-30dStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥157.862020-12-01 → 2021-11-30dStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥54.72019-12-01 → 2020-11-30dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥792023-12-01 → 2024-11-30StandaloneDividend paid per share (5-year summary)
Dividend per share¥662022-12-01 → 2023-11-30StandaloneDividend paid per share (5-year summary)
Dividend per share¥512021-12-01 → 2022-11-30dStandaloneDividend paid per share (5-year summary)
Dividend per share¥382020-12-01 → 2021-11-30dStandaloneDividend paid per share (5-year summary)
Dividend per share¥192019-12-01 → 2020-11-30dStandaloneDividend paid per share (5-year summary)
Net assets per share¥1,690.96at 2024-11-30StandaloneNet assets per share (5-year summary)
Net assets per share¥1,525.81at 2023-11-30StandaloneNet assets per share (5-year summary)
Net assets per share¥1,393at 2022-11-30dStandaloneNet assets per share (5-year summary)
Net assets per share¥1,243.27at 2021-11-30dStandaloneNet assets per share (5-year summary)
Net assets per share¥1,095.59at 2020-11-30dStandaloneNet assets per share (5-year summary)
Equity ratio33.4%at 2024-11-30StandaloneEquity to asset ratio (5-year summary)
Equity ratio33.9%at 2023-11-30StandaloneEquity to asset ratio (5-year summary)
Equity ratio34.7%at 2022-11-30dStandaloneEquity to asset ratio (5-year summary)
Equity ratio34.7%at 2021-11-30dStandaloneEquity to asset ratio (5-year summary)
Equity ratio34.9%at 2020-11-30dStandaloneEquity to asset ratio (5-year summary)
ROE15.1%2023-12-01 → 2024-11-30StandaloneRate of return on equity (5-year summary)
ROE12.5%2022-12-01 → 2023-11-30StandaloneRate of return on equity (5-year summary)
ROE13.9%2021-12-01 → 2022-11-30dStandaloneRate of return on equity (5-year summary)
ROE13.4%2020-12-01 → 2021-11-30dStandaloneRate of return on equity (5-year summary)
ROE5.0%2019-12-01 → 2020-11-30dStandaloneRate of return on equity (5-year summary)
Shares issued48,683,800at 2024-11-30StandaloneTotal number of issued shares (5-year summary)
Shares issued48,683,800at 2023-11-30StandaloneTotal number of issued shares (5-year summary)
Shares issued48,683,800at 2022-11-30dStandaloneTotal number of issued shares (5-year summary)
Shares issued48,683,800at 2021-11-30dStandaloneTotal number of issued shares (5-year summary)
Shares issued48,683,800at 2020-11-30dStandaloneTotal number of issued shares (5-year summary)
Employees282at 2024-11-30StandaloneNumber of employees
Employees268at 2023-11-30StandaloneNumber of employees
Employees244at 2022-11-30dStandaloneNumber of employees
Employees215at 2021-11-30dStandaloneNumber of employees
Employees195at 2020-11-30dStandaloneNumber of employees

Periods use the dates stated in the filing. d = earlier-year period dated by calendar; v = that date confirmed by the company's own earlier filing.

Segments · 25
SegmentItemPeriodValue
Reconciling Itemsreconcilingsegment profit2023-12-01 → 2024-11-30−¥3.6bn
Fund And Consulting Businessreportable segmentemployeesat 2024-11-30171 pure
Fund And Consulting Businessreportable segmentsegment profit2023-12-01 → 2024-11-30¥3.8bn
Hotelreportable segmentemployeesat 2024-11-30127 pure
Hotelreportable segmentsegment profit2023-12-01 → 2024-11-30¥2.2bn
Real Estate Development Businessreportable segmentemployeesat 2024-11-3077 pure
Real Estate Development Businessreportable segmentsegment profit2023-12-01 → 2024-11-30¥5.0bn
Real Estate Leasing Businessreportable segmentemployeesat 2024-11-3024 pure
Real Estate Leasing Businessreportable segmentsegment profit2023-12-01 → 2024-11-30¥4.1bn
Real Estate Managementreportable segmentemployeesat 2024-11-30178 pure
Real Estate Managementreportable segmentsegment profit2023-12-01 → 2024-11-30¥1.0bn
Revitalization Businessreportable segmentemployeesat 2024-11-30130 pure
Revitalization Businessreportable segmentsegment profit2023-12-01 → 2024-11-30¥6.0bn
Reconciling Itemsreconcilingsegment profit2022-12-01 → 2023-11-30−¥3.3bn
Fund And Consulting Businessreportable segmentsegment profit2022-12-01 → 2023-11-30¥4.6bn
Hotelreportable segmentsegment profit2022-12-01 → 2023-11-30¥991m
Real Estate Development Businessreportable segmentsegment profit2022-12-01 → 2023-11-30¥1.0bn
Real Estate Leasing Businessreportable segmentsegment profit2022-12-01 → 2023-11-30¥3.2bn
Real Estate Managementreportable segmentsegment profit2022-12-01 → 2023-11-30¥814m
Revitalization Businessreportable segmentsegment profit2022-12-01 → 2023-11-30¥8.9bn
Fund And Consulting Businessreportable segmentemployeesat 2024-11-304 pure
Hotelreportable segmentemployeesat 2024-11-301 pure
Real Estate Development Businessreportable segmentemployeesat 2024-11-3077 pure
Real Estate Leasing Businessreportable segmentemployeesat 2024-11-309 pure
Revitalization Businessreportable segmentemployeesat 2024-11-3089 pure

Segment names come from EDINET member IDs; not yet mapped to a common taxonomy.

All source rows · 1,599
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)新創監査法人
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)相  川  高  志
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)松  原     寛
Key audit matters consolidated (text)FilingDateInstantText · Plus
Overview kam consolidated (text)FilingDateInstantText · Plus
Short description kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)不動産再生事業及び不動産開発事業に関する販売用不動産及び仕掛販売用不動産の評価
Description including reason kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam consolidatedFilingDateInstant_Row1MemberText · Plus
Auditors response kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information consolidated (text)FilingDateInstantText · Plus
Fee related information consolidated (text)FilingDateInstantText · Plus
Independent auditors report non consolidated (text)FilingDateInstantText · Plus
Audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)新創監査法人
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)相  川  高  志
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)松  原     寛
Key audit matters non consolidated (text)FilingDateInstantText · Plus
Overview kam non consolidated (text)FilingDateInstantText · Plus
Short description kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)不動産再生事業及び不動産開発事業に関する販売用不動産及び仕掛販売用不動産の評価
Same as kam for consolidated fskam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information non consolidated (text)FilingDateInstantText · Plus
Fee related information non consolidated (text)FilingDateInstantText · Plus
Number of submissionFilingDateInstant2
Revenue IFRS (5-year summary)Prior4YearDuration63939781000JPY
Revenue IFRS (5-year summary)Prior3YearDuration61726449000JPY
Revenue IFRS (5-year summary)Prior2YearDuration70953486000JPY
Revenue IFRS (5-year summary)Prior1YearDuration79446329000JPY
Revenue IFRS (5-year summary)CurrentYearDuration82191828000JPY
Profit loss before tax IFRS (5-year summary)Prior4YearDuration5901313000JPY
Profit loss before tax IFRS (5-year summary)Prior3YearDuration10302616000JPY
Profit loss before tax IFRS (5-year summary)Prior2YearDuration12753538000JPY
Profit loss before tax IFRS (5-year summary)Prior1YearDuration15310707000JPY
Profit loss before tax IFRS (5-year summary)CurrentYearDuration17364939000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior4YearDuration3602339000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior3YearDuration6721305000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior2YearDuration8607088000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior1YearDuration10507095000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)CurrentYearDuration11985203000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior4YearDuration3064864000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior3YearDuration7134366000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior2YearDuration8784368000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior1YearDuration10542923000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)CurrentYearDuration11466914000JPY
Total equity IFRS (5-year summary)Prior4YearDuration58969524000JPY
Total equity IFRS (5-year summary)Prior3YearDuration65958740000JPY
Total equity IFRS (5-year summary)Prior2YearDuration72290677000JPY
Total equity IFRS (5-year summary)Prior1YearDuration82319282000JPY
Total equity IFRS (5-year summary)CurrentYearDuration90866736000JPY
Total assets IFRS (5-year summary)Prior4YearInstant161684503000JPY
Total assets IFRS (5-year summary)Prior3YearInstant195010899000JPY

Every row of the EDINET CSV. Item names are the XBRL element names; filed text is kept in its original Japanese. Filed text is available on Plus and Pro.

Data checks · 19 of 19 passed
balance sheet identityconsolidated 2023-11-30pass
balance sheet identityconsolidated 2024-11-30pass rounding
balance sheet identitynon_consolidated 2023-11-30pass rounding
balance sheet identitynon_consolidated 2024-11-30pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsnon_consolidated 2022-11-30pass
statement vs summary · net assetsnon_consolidated 2023-11-30pass
statement vs summary · net assetsnon_consolidated 2024-11-30pass
statement vs summary · net income attributable to parentconsolidated 2022-12-01/2023-11-30pass
statement vs summary · net income attributable to parentconsolidated 2023-12-01/2024-11-30pass
statement vs summary · operating cash flowconsolidated 2022-12-01/2023-11-30pass
statement vs summary · operating cash flowconsolidated 2023-12-01/2024-11-30pass
statement vs summary · revenuenon_consolidated 2022-12-01/2023-11-30pass
statement vs summary · revenuenon_consolidated 2023-12-01/2024-11-30pass
statement vs summary · total assetsconsolidated 2023-11-30pass
statement vs summary · total assetsconsolidated 2024-11-30pass
statement vs summary · total assetsnon_consolidated 2023-11-30pass
statement vs summary · total assetsnon_consolidated 2024-11-30pass