Kose Re revises full-year forecast up despite Q3 loss

Kose Re reported consolidated results for the third quarter of the fiscal year ending January 2026, showing a net loss attributable to parent company shareholders of 32 million yen, a decrease from a profit of 83 million yen in the same period last year. Sales declined by 13.3% to 3,858 million yen, and the company posted an operating loss of 157 million yen, compared to an 18 million yen loss in the prior year. Despite these Q3 losses, the company maintains its full-year revenue forecast for January 2026 at 10,016 million yen.

Kose Re has revised its full-year consolidated earnings forecast for the fiscal year ending January 2026, increasing projected operating profit to 595 million yen from 507 million yen, ordinary profit to 787 million yen from 584 million yen, and net profit attributable to parent company shareholders to 531 million yen from 380 million yen. This upward revision is primarily attributed to enhanced sales cost efficiencies, reduced expenses, increased rental income, and a settlement related to a dispute.

The company’s assets increased by 2,583,416 thousand yen to 19,605,184 thousand yen, driven by an increase in properties for sale and construction in progress. Total liabilities rose by 2,861,185 thousand yen to 9,617,113 thousand yen, mainly due to higher short-term and long-term borrowings. Net assets slightly decreased by 277,769 thousand yen to 9,988,071 thousand yen, primarily due to the net loss and dividend payments.