&Do Holdings Co.,Ltd. Revises Earnings Forecast Down 64.5% on Real Estate Delays
&Do Holdings Co.,Ltd. (TSE:3457) has downwardly revised its earnings forecast for the fiscal year ending June 2026, citing staffing challenges in its real estate trading business and underperformance in its house leaseback operations.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 55.0bn | JPY 49.6bn | -9.8% |
| Operating Profit | JPY 2.90bn | JPY 1.03bn | -64.5% |
| Ordinary Income | JPY 3.00bn | JPY 1.03bn | -65.7% |
| 親会社株主に帰属する当期純利益 | JPY 2.77bn | JPY 1.55bn | -44.0% |
| 1株当たり当期純利益 | JPY 138.90/share | JPY 77.69/share | JPY -61.21/share |
The company attributed the revision to slower-than-expected personnel retention and training in its real estate trading business, which has extended the acquisition-to-sale cycle. Large transaction disposals fell short of initial plans, while upfront investments in talent acquisition increased selling, general and administrative expenses. Additionally, the house leaseback business generated lower proceeds and profit margins from fund transfers than previously anticipated, offsetting gains from other segments.
Despite the significant downward revision, management stated that medium- to long-term growth prospects and capital efficiency improvements remain unchanged. The real estate trading business remains central to the company’s expansion strategy, though near-term execution challenges have materialized. Investors should monitor whether the company can stabilize personnel metrics and accelerate transaction velocity in coming quarters.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.