Annual report

Period2025-03-01 → 2026-02-28
Filed2026-05-25
StandardJapan GAAP
ConsolidatedNo
Data checks13 of 13 passed
Key figures · 88
MetricValuePeriodScopeSource row
Revenue¥42.1bn2025-03-01 → 2026-02-28StandaloneNet sales
Revenue¥40.1bn2024-03-01 → 2025-02-28StandaloneNet sales
Revenue¥38.8bn2023-03-01 → 2024-02-29vStandaloneNet sales (5-year summary)
Revenue¥42.7bn2022-03-01 → 2023-02-28vStandaloneNet sales (5-year summary)
Revenue¥41.8bn2021-03-01 → 2022-02-28vStandaloneNet sales (5-year summary)
Operating income¥5.0bn2025-03-01 → 2026-02-28StandaloneOperating income
Operating income¥5.3bn2024-03-01 → 2025-02-28StandaloneOperating income
Ordinary income¥4.0bn2025-03-01 → 2026-02-28StandaloneOrdinary income
Ordinary income¥4.5bn2024-03-01 → 2025-02-28StandaloneOrdinary income
Ordinary income¥3.8bn2023-03-01 → 2024-02-29vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥3.6bn2022-03-01 → 2023-02-28vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥3.2bn2021-03-01 → 2022-02-28vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥3.8bn2025-03-01 → 2026-02-28StandaloneIncome before income taxes
Profit before tax¥4.5bn2024-03-01 → 2025-02-28StandaloneIncome before income taxes
Net income¥2.6bn2025-03-01 → 2026-02-28StandaloneProfit loss
Net income¥3.1bn2024-03-01 → 2025-02-28StandaloneProfit loss
Net income¥2.6bn2023-03-01 → 2024-02-29vStandaloneNet income loss (5-year summary)
Net income¥2.4bn2022-03-01 → 2023-02-28vStandaloneNet income loss (5-year summary)
Net income¥2.3bn2021-03-01 → 2022-02-28vStandaloneNet income loss (5-year summary)
Total assets¥113.1bnat 2026-02-28StandaloneAssets
Total assets¥110.7bnat 2025-02-28StandaloneAssets
Total assets¥101.2bnat 2024-02-29vStandaloneTotal assets (5-year summary)
Total assets¥86.1bnat 2023-02-28vStandaloneTotal assets (5-year summary)
Total assets¥98.3bnat 2022-02-28vStandaloneTotal assets (5-year summary)
Total liabilities¥78.4bnat 2026-02-28StandaloneLiabilities
Total liabilities¥77.7bnat 2025-02-28StandaloneLiabilities
Net assets / equity¥34.7bnat 2026-02-28StandaloneNet assets
Net assets / equity¥32.9bnat 2025-02-28StandaloneNet assets
Net assets / equity¥30.7bnat 2024-02-29vStandaloneNet assets
Net assets / equity¥28.6bnat 2023-02-28vStandaloneNet assets (5-year summary)
Net assets / equity¥26.7bnat 2022-02-28vStandaloneNet assets (5-year summary)
Cash and deposits¥12.6bnat 2026-02-28StandaloneCash and deposits
Cash and deposits¥17.2bnat 2025-02-28StandaloneCash and deposits
Cash & equivalents¥10.3bnat 2026-02-28StandaloneCash and cash equivalents
Cash & equivalents¥14.8bnat 2025-02-28StandaloneCash and cash equivalents
Cash & equivalents¥15.0bnat 2024-02-29vStandaloneCash and cash equivalents
Cash & equivalents¥9.1bnat 2023-02-28vStandaloneCash and cash equivalents (5-year summary)
Cash & equivalents¥14.7bnat 2022-02-28vStandaloneCash and cash equivalents (5-year summary)
Operating cash flow−¥9.0bn2025-03-01 → 2026-02-28StandaloneNet cash provided by used in operating activities
Operating cash flow−¥1.9bn2024-03-01 → 2025-02-28StandaloneNet cash provided by used in operating activities
Operating cash flow−¥1.2bn2023-03-01 → 2024-02-29vStandaloneNet cash provided by used in operating activities (5-year summary)
Operating cash flow¥2.2bn2022-03-01 → 2023-02-28vStandaloneNet cash provided by used in operating activities (5-year summary)
Operating cash flow¥8.2bn2021-03-01 → 2022-02-28vStandaloneNet cash provided by used in operating activities (5-year summary)
Investing cash flow−¥2.8bn2025-03-01 → 2026-02-28StandaloneNet cash provided by used in investment activities
Investing cash flow−¥2.1bn2024-03-01 → 2025-02-28StandaloneNet cash provided by used in investment activities
Investing cash flow−¥458m2023-03-01 → 2024-02-29vStandaloneNet cash provided by used in investing activities (5-year summary)
Investing cash flow−¥1.1bn2022-03-01 → 2023-02-28vStandaloneNet cash provided by used in investing activities (5-year summary)
Investing cash flow¥191m2021-03-01 → 2022-02-28vStandaloneNet cash provided by used in investing activities (5-year summary)
Financing cash flow¥7.3bn2025-03-01 → 2026-02-28StandaloneNet cash provided by used in financing activities
Financing cash flow¥3.9bn2024-03-01 → 2025-02-28StandaloneNet cash provided by used in financing activities
Financing cash flow¥7.5bn2023-03-01 → 2024-02-29vStandaloneNet cash provided by used in financing activities (5-year summary)
Financing cash flow−¥6.6bn2022-03-01 → 2023-02-28vStandaloneNet cash provided by used in financing activities (5-year summary)
Financing cash flow−¥3.1bn2021-03-01 → 2022-02-28vStandaloneNet cash provided by used in financing activities (5-year summary)
EPS (basic)¥239.442025-03-01 → 2026-02-28StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥284.512024-03-01 → 2025-02-28StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥237.732023-03-01 → 2024-02-29vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥214.612022-03-01 → 2023-02-28vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥210.552021-03-01 → 2022-02-28vStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥722025-03-01 → 2026-02-28StandaloneDividend paid per share (5-year summary)
Dividend per share¥702024-03-01 → 2025-02-28StandaloneDividend paid per share (5-year summary)
Dividend per share¥602023-03-01 → 2024-02-29vStandaloneDividend paid per share (5-year summary)
Dividend per share¥502022-03-01 → 2023-02-28vStandaloneDividend paid per share (5-year summary)
Dividend per share¥402021-03-01 → 2022-02-28vStandaloneDividend paid per share (5-year summary)
Net assets per share¥3,168.72at 2026-02-28StandaloneNet assets per share (5-year summary)
Net assets per share¥3,005.8at 2025-02-28StandaloneNet assets per share (5-year summary)
Net assets per share¥2,762.11at 2024-02-29vStandaloneNet assets per share (5-year summary)
Net assets per share¥2,574.79at 2023-02-28vStandaloneNet assets per share (5-year summary)
Net assets per share¥2,401.56at 2022-02-28vStandaloneNet assets per share (5-year summary)
Equity ratio30.7%at 2026-02-28StandaloneEquity to asset ratio (5-year summary)
Equity ratio29.8%at 2025-02-28StandaloneEquity to asset ratio (5-year summary)
Equity ratio30.3%at 2024-02-29vStandaloneEquity to asset ratio (5-year summary)
Equity ratio33.2%at 2023-02-28vStandaloneEquity to asset ratio (5-year summary)
Equity ratio27.1%at 2022-02-28vStandaloneEquity to asset ratio (5-year summary)
ROE7.8%2025-03-01 → 2026-02-28StandaloneRate of return on equity (5-year summary)
ROE9.8%2024-03-01 → 2025-02-28StandaloneRate of return on equity (5-year summary)
ROE8.9%2023-03-01 → 2024-02-29vStandaloneRate of return on equity (5-year summary)
ROE8.6%2022-03-01 → 2023-02-28vStandaloneRate of return on equity (5-year summary)
ROE9.1%2021-03-01 → 2022-02-28vStandaloneRate of return on equity (5-year summary)
Shares issued11,100,000at 2026-02-28StandaloneTotal number of issued shares (5-year summary)
Shares issued11,100,000at 2025-02-28StandaloneTotal number of issued shares (5-year summary)
Shares issued11,100,000at 2024-02-29vStandaloneTotal number of issued shares (5-year summary)
Shares issued11,100,000at 2023-02-28vStandaloneTotal number of issued shares (5-year summary)
Shares issued11,100,000at 2022-02-28vStandaloneTotal number of issued shares (5-year summary)
Employees125at 2026-02-28StandaloneNumber of employees
Employees123at 2025-02-28StandaloneNumber of employees
Employees122at 2024-02-29vStandaloneNumber of employees
Employees124at 2023-02-28vStandaloneNumber of employees
Employees123at 2022-02-28vStandaloneNumber 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 · 75
SegmentItemPeriodValue
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentscapex2025-03-01 → 2026-02-28¥1.3bn
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsdepreciation2025-03-01 → 2026-02-28¥46m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue2025-03-01 → 2026-02-28¥229m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue external2025-03-01 → 2026-02-28¥229m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentssegment assetsat 2026-02-28¥1.7bn
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentssegment profit2025-03-01 → 2026-02-28¥166m
Condominium Salesreportable segmentcapex2025-03-01 → 2026-02-28¥78m
Condominium Salesreportable segmentdepreciation2025-03-01 → 2026-02-28¥163m
Condominium Salesreportable segmentrevenue2025-03-01 → 2026-02-28¥34.2bn
Condominium Salesreportable segmentrevenue external2025-03-01 → 2026-02-28¥34.2bn
Condominium Salesreportable segmentsegment assetsat 2026-02-28¥52.7bn
Condominium Salesreportable segmentsegment profit2025-03-01 → 2026-02-28¥4.4bn
Other Real Estate Salesreportable segmentrevenue2025-03-01 → 2026-02-28¥2.7bn
Other Real Estate Salesreportable segmentrevenue external2025-03-01 → 2026-02-28¥2.7bn
Other Real Estate Salesreportable segmentsegment assetsat 2026-02-28¥13.6bn
Other Real Estate Salesreportable segmentsegment profit2025-03-01 → 2026-02-28¥518m
Rent Income Of Real Estatereportable segmentcapex2025-03-01 → 2026-02-28¥2.0bn
Rent Income Of Real Estatereportable segmentdepreciation2025-03-01 → 2026-02-28¥615m
Rent Income Of Real Estatereportable segmentrevenue2025-03-01 → 2026-02-28¥3.3bn
Rent Income Of Real Estatereportable segmentrevenue external2025-03-01 → 2026-02-28¥3.3bn
Rent Income Of Real Estatereportable segmentsegment assetsat 2026-02-28¥29.0bn
Rent Income Of Real Estatereportable segmentsegment profit2025-03-01 → 2026-02-28¥1.0bn
Single Family House Salesreportable segmentrevenue2025-03-01 → 2026-02-28¥1.8bn
Single Family House Salesreportable segmentrevenue external2025-03-01 → 2026-02-28¥1.8bn
Single Family House Salesreportable segmentsegment assetsat 2026-02-28¥1.9bn
Single Family House Salesreportable segmentsegment profit2025-03-01 → 2026-02-28¥66m
—segment totalcapex2025-03-01 → 2026-02-28¥2.1bn
—segment totaldepreciation2025-03-01 → 2026-02-28¥778m
—segment totalrevenue2025-03-01 → 2026-02-28¥41.9bn
—segment totalrevenue external2025-03-01 → 2026-02-28¥41.9bn
—segment totalsegment assetsat 2026-02-28¥97.2bn
—segment totalsegment profit2025-03-01 → 2026-02-28¥6.0bn
Total Of Reportable Segments And Otherssegment totalcapex2025-03-01 → 2026-02-28¥3.4bn
Total Of Reportable Segments And Otherssegment totaldepreciation2025-03-01 → 2026-02-28¥824m
Total Of Reportable Segments And Otherssegment totalrevenue2025-03-01 → 2026-02-28¥42.1bn
Total Of Reportable Segments And Otherssegment totalrevenue external2025-03-01 → 2026-02-28¥42.1bn
Total Of Reportable Segments And Otherssegment totalsegment assetsat 2026-02-28¥98.9bn
Total Of Reportable Segments And Otherssegment totalsegment profit2025-03-01 → 2026-02-28¥6.2bn
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentscapex2024-03-01 → 2025-02-28¥513m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue2024-03-01 → 2025-02-28¥82m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue external2024-03-01 → 2025-02-28¥82m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentssegment assetsat 2025-02-28¥513m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentssegment profit2024-03-01 → 2025-02-28¥70m
Condominium Salesreportable segmentcapex2024-03-01 → 2025-02-28¥207m
Condominium Salesreportable segmentdepreciation2024-03-01 → 2025-02-28¥159m
Condominium Salesreportable segmentrevenue2024-03-01 → 2025-02-28¥30.6bn
Condominium Salesreportable segmentrevenue external2024-03-01 → 2025-02-28¥30.6bn
Condominium Salesreportable segmentsegment assetsat 2025-02-28¥52.6bn
Condominium Salesreportable segmentsegment profit2024-03-01 → 2025-02-28¥4.4bn
Other Real Estate Salesreportable segmentrevenue2024-03-01 → 2025-02-28¥4.3bn
Other Real Estate Salesreportable segmentrevenue external2024-03-01 → 2025-02-28¥4.3bn
Other Real Estate Salesreportable segmentsegment assetsat 2025-02-28¥9.4bn
Other Real Estate Salesreportable segmentsegment profit2024-03-01 → 2025-02-28¥910m
Rent Income Of Real Estatereportable segmentcapex2024-03-01 → 2025-02-28¥1.9bn
Rent Income Of Real Estatereportable segmentdepreciation2024-03-01 → 2025-02-28¥552m
Rent Income Of Real Estatereportable segmentrevenue2024-03-01 → 2025-02-28¥3.3bn
Rent Income Of Real Estatereportable segmentrevenue external2024-03-01 → 2025-02-28¥3.3bn
Rent Income Of Real Estatereportable segmentsegment assetsat 2025-02-28¥27.6bn
Rent Income Of Real Estatereportable segmentsegment profit2024-03-01 → 2025-02-28¥1.0bn
Single Family House Salesreportable segmentrevenue2024-03-01 → 2025-02-28¥1.9bn
Single Family House Salesreportable segmentrevenue external2024-03-01 → 2025-02-28¥1.9bn
Single Family House Salesreportable segmentsegment assetsat 2025-02-28¥1.6bn
Single Family House Salesreportable segmentsegment profit2024-03-01 → 2025-02-28¥134m
—segment totalcapex2024-03-01 → 2025-02-28¥2.1bn
—segment totaldepreciation2024-03-01 → 2025-02-28¥711m
—segment totalrevenue2024-03-01 → 2025-02-28¥40.0bn
—segment totalrevenue external2024-03-01 → 2025-02-28¥40.0bn
—segment totalsegment assetsat 2025-02-28¥91.1bn
—segment totalsegment profit2024-03-01 → 2025-02-28¥6.5bn
Total Of Reportable Segments And Otherssegment totalcapex2024-03-01 → 2025-02-28¥2.6bn
Total Of Reportable Segments And Otherssegment totaldepreciation2024-03-01 → 2025-02-28¥711m
Total Of Reportable Segments And Otherssegment totalrevenue2024-03-01 → 2025-02-28¥40.1bn
Total Of Reportable Segments And Otherssegment totalrevenue external2024-03-01 → 2025-02-28¥40.1bn
Total Of Reportable Segments And Otherssegment totalsegment assetsat 2025-02-28¥91.7bn
Total Of Reportable Segments And Otherssegment totalsegment profit2024-03-01 → 2025-02-28¥6.5bn

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

All source rows · 1,219
ItemContextValueUnit
Independent auditors report non consolidated (text)FilingDateInstantText · Plus
Audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)有限責任 あずさ監査法人
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)松 井   理 晃
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)武 士   雄 太
Key audit matters non consolidated (text)FilingDateInstantText · Plus
Overview kam non consolidated (text)FilingDateInstantText · Plus
Short description kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)販売用不動産等の評価の基礎となる正味売却価額の見積りの合理性
Description including reason kam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)注記事項(重要な会計上の見積り)
Auditors response kam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information non consolidated (text)FilingDateInstantText · Plus
Fee related information non consolidated (text)FilingDateInstantText · Plus
Number of submissionFilingDateInstant1
Net sales (5-year summary)Prior4YearDuration_NonConsolidatedMember41785812000JPY
Net sales (5-year summary)Prior3YearDuration_NonConsolidatedMember42712180000JPY
Net sales (5-year summary)Prior2YearDuration_NonConsolidatedMember38825853000JPY
Net sales (5-year summary)Prior1YearDuration_NonConsolidatedMember40130553000JPY
Net sales (5-year summary)CurrentYearDuration_NonConsolidatedMember42144739000JPY
Ordinary income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember3162430000JPY
Ordinary income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember3607601000JPY
Ordinary income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember3820345000JPY
Ordinary income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember4502708000JPY
Ordinary income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember3982004000JPY
Net income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember2337004000JPY
Net income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember2382169000JPY
Net income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember2638765000JPY
Net income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember3122220000JPY
Net income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember2623485000JPY
Equity in earnings losses of affiliates if equity method is applied (5-year summary)Prior4YearDuration_NonConsolidatedMember-JPY
Equity in earnings losses of affiliates if equity method is applied (5-year summary)Prior3YearDuration_NonConsolidatedMember-JPY
Equity in earnings losses of affiliates if equity method is applied (5-year summary)Prior2YearDuration_NonConsolidatedMember-JPY
Equity in earnings losses of affiliates if equity method is applied (5-year summary)Prior1YearDuration_NonConsolidatedMember-JPY
Equity in earnings losses of affiliates if equity method is applied (5-year summary)CurrentYearDuration_NonConsolidatedMember-JPY
Capital stock (5-year summary)Prior4YearInstant_NonConsolidatedMember1403091000JPY
Capital stock (5-year summary)Prior3YearInstant_NonConsolidatedMember1403091000JPY
Capital stock (5-year summary)Prior2YearInstant_NonConsolidatedMember1403091000JPY
Capital stock (5-year summary)Prior1YearInstant_NonConsolidatedMember1403091000JPY
Capital stock (5-year summary)CurrentYearInstant_NonConsolidatedMember1403091000JPY
Total number of issued shares (5-year summary)Prior4YearInstant_NonConsolidatedMember11100000
Total number of issued shares (5-year summary)Prior3YearInstant_NonConsolidatedMember11100000
Total number of issued shares (5-year summary)Prior2YearInstant_NonConsolidatedMember11100000
Total number of issued shares (5-year summary)Prior1YearInstant_NonConsolidatedMember11100000
Total number of issued shares (5-year summary)CurrentYearInstant_NonConsolidatedMember11100000
Net assets (5-year summary)Prior4YearInstant_NonConsolidatedMember26656690000JPY
Net assets (5-year summary)Prior3YearInstant_NonConsolidatedMember28579516000JPY
Net assets (5-year summary)Prior2YearInstant_NonConsolidatedMember30658726000JPY
Net assets (5-year summary)Prior1YearInstant_NonConsolidatedMember32929470000JPY
Net assets (5-year summary)CurrentYearInstant_NonConsolidatedMember34721356000JPY
Total assets (5-year summary)Prior4YearInstant_NonConsolidatedMember98302213000JPY
Total assets (5-year summary)Prior3YearInstant_NonConsolidatedMember86144302000JPY

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 · 13 of 13 passed
balance sheet identitynon_consolidated 2025-02-28pass
balance sheet identitynon_consolidated 2026-02-28pass
dei present pass
period resolution pass
statement vs summary · net assetsnon_consolidated 2024-02-29pass
statement vs summary · net assetsnon_consolidated 2025-02-28pass
statement vs summary · net assetsnon_consolidated 2026-02-28pass
statement vs summary · operating cash flownon_consolidated 2024-03-01/2025-02-28pass
statement vs summary · operating cash flownon_consolidated 2025-03-01/2026-02-28pass
statement vs summary · revenuenon_consolidated 2024-03-01/2025-02-28pass
statement vs summary · revenuenon_consolidated 2025-03-01/2026-02-28pass
statement vs summary · total assetsnon_consolidated 2025-02-28pass
statement vs summary · total assetsnon_consolidated 2026-02-28pass