FJ Next Holdings Co (8935) Q2 2026 earnings summary

Executive summary

• Achieved record interim results with net sales of ¥63.4 billion, operating income of ¥5.4 billion, ordinary income of ¥5.3 billion, and net income of ¥3.7 billion, all showing strong double-digit year-over-year growth.

• Sold 1,842 condominium units, setting a new record in the core real estate development segment.

• The real estate development segment drove growth, especially through pre-owned condominium sales and the Gala Condominium series.

• Construction segment saw significant expansion due to increased project volume.

• Cash and cash equivalents decreased by ¥5,850 million during the period, ending at ¥18,567 million.

Financial highlights

• Net sales rose 18.3% year-over-year to ¥63,404 million.

• Operating income increased 31.7% year-over-year to ¥5,420 million.

• Ordinary income grew 31.3% year-over-year to ¥5,393 million.

• Net income attributable to shareholders rose 31.7% year-over-year to ¥3,683 million.

• Gross profit increased to ¥11,525 million from ¥9,501 million year-over-year.

Outlook and guidance

• Full-year forecast: net sales of ¥125 billion (+11.2% YoY), operating income of ¥9.6 billion (+1.2% YoY), ordinary income of ¥9.6 billion (+1.5% YoY), and net income of ¥6.6 billion (+1.8% YoY).

• Net income per share for the full year is forecast at ¥201.56.

• Plans to sell 3,500 condominium units annually, including 375 units in the Gala Residence series.

• Annual dividend forecast of ¥56 per share, up ¥2 year-over-year, reflecting a progressive dividend policy.