FJ Next Holdings Co (8935) Q4 2026 earnings summary

Executive summary

• Achieved record-high consolidated results with net sales of ¥142.3 billion, operating income of ¥14.4 billion, ordinary income of ¥14.3 billion, and net income of ¥10.0 billion for the fiscal year ended March 31, 2026, all showing significant year-over-year growth.

• Growth was driven by strong performance in real estate development, especially pre-owned and newly built condominiums, despite a challenging market with record-low new supply and cautious consumer demand.

• Sold 3,878 condominium units, setting a new record in the core real estate development business.

• Maintained market-leading supply and sales performance through integrated purchasing, sales, and management services.

• Advanced digital transformation initiatives, including the introduction of a resident app and new quality standards for the Gala Residence series.

Financial highlights

• Net sales increased by 26.6% year-over-year to ¥142.3 billion.

• Operating income rose by 51.8% year-over-year to ¥14.4 billion.

• Ordinary income grew by 51.8% year-over-year to ¥14.3 billion.

• Net income attributable to shareholders increased by 54.4% year-over-year to ¥10.0 billion.

• Gross profit increased to ¥26,866 million from ¥20,644 million year-over-year.

Outlook and guidance

• Forecast for FY2027: net sales of ¥152.0 billion (+6.8%), operating income of ¥15.0 billion (+4.2%), ordinary income of ¥15.0 billion (+4.5%), and net income of ¥10.5 billion (+4.9%).

• Plan to sell 4,000 condominium units, including 343 units in the Gala Residence series.

• Operating margin expected at 9.9%, with limited impact anticipated from rising raw material prices and geopolitical risks.

• Annual dividend forecast of ¥80 per share, up ¥14 year-over-year, reflecting a progressive dividend policy.

• Special dividend of ¥10 per share paid in FY2026.