Kose Re reports sharp decline in Q2 profit and revenue

Kose Re reported a consolidated net loss attributable to parent company shareholders of JPY 11 million for the second quarter of the fiscal year ending January 2026. This represents a substantial decrease from the JPY 174 million profit in the same period last year. Revenue for the period also declined by 16.6% to JPY 2,930 million, down from JPY 3,512 million previously. The company recorded an operating loss of JPY 52 million, a reversal from the JPY 163 million operating profit in the prior year.

Looking ahead, Kose Re projects full-year revenue of JPY 10,310 million, with an anticipated operating profit of JPY 507 million and an ordinary profit of JPY 584 million. The forecasted net income attributable to parent company shareholders for the full year is JPY 380 million, an 11.4% increase from the previous year. The company expects a full-year dividend of JPY 24.00 per share.

The decline was attributed to factors including a decrease in asset management type condominium sales, with no new completed properties during the period, and a reduction in external customer sales.