Kose Re reports Q1 loss amidst challenging market conditions

Kose Re (TSE:3246) reported a net loss attributable to owners of the parent of ¥100 million for the first quarter of fiscal year 2026, compared to a profit of ¥0.58 million in the same period last year. Operating loss was ¥179 million with net sales declining 24.0% YoY to ¥966 million. The company attributed the losses to challenging market conditions including rising construction costs and cautious consumer demand amidst rising interest rates for condominiums.