DISCLAIMER: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
January 30, 2026
Company name: ESLEAD CORPORATION Listing: Tokyo Stock Exchange
Securities code: 8877
URL: http://www.eslead.co.jp
Representative: Sugio Aramaki, Representative Director and President
Inquiries: Yuzo Inoue, Senior Managing Director and General Manager of Administrative Division Telephone: +81-6-6345-1880
Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: None
Holding of financial results briefing: None
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025)
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Nine months ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
December 31, 2025
82,501
10.5
14,137
12.2
12,548
3.2
7,960
2.3
December 31, 2024
74,667
30.5
12,602
49.4
12,162
46.9
7,781
49.0
Note: Comprehensive income For the nine months ended December 31, 2025:
Â¥8,055 million
[4.0%]
For the nine months ended December 31, 2024:
Â¥7,742 million
[46.8%]
Basic earnings per share
Diluted earnings per share
Nine months ended
Yen
Yen
December 31, 2025
515.94
-
December 31, 2024
504.33
-
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
Millions of yen
Millions of yen
%
Yen
December 31, 2025
253,004
78,352
31.0
5,078.15
March 31, 2025
227,029
73,460
32.4
4,761.07
Reference: Equity
As of December 31, 2025: ¥78,352 million
As of March 31, 2025: ¥73,460 million
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Fiscal year ended March 31, 2025
-
85.00
-
100.00
185.00
Fiscal year ending March 31, 2026
-
105.00
-
Fiscal year ending March 31, 2026 (Forecast)
135.00
240.00
Note: Revisions to the forecast of cash dividends most recently announced: None
- Forecast of consolidated financial results for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Fiscal year ending March 31, 2026 | Millions of yen 110,000 | % 16.1 | Millions of yen 18,000 | % 23.7 | Millions of yen 16,000 | % 16.4 | Millions of yen 10,700 | % 14.7 | Yen 693.48 |
Note: Revisions to the earnings forecasts most recently announced: None
* NotesSignificant changes in the scope of consolidation during the period: None
Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: None
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2025
15,465,600 shares
As of March 31, 2025
15,465,600 shares
Number of treasury shares at the end of the period
As of December 31, 2025
36,236 shares
As of March 31, 2025
36,193 shares
Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2025 | 15,429,381 shares |
Nine months ended December 31, 2024 | 15,429,508 shares |
Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm:None
Proper use of earnings forecasts, and other special matters
(Cautions on forward-looking statements, etc.)
The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual financial results, etc. may differ substantially due to various factors. For the conditions on which earnings forecasts are predicated and precautions for the use of earnings forecasts, please refer to Appendix P.3 "1. Summary of Operating Results, etc. (3) Explanation of Forward-Looking Information such as Consolidated Earnings Forecasts."
Quarterly consolidated balance sheet(Thousands of yen)
As of March 31, 2025 As of December 31, 2025Assets | ||
Current assets | ||
Cash and deposits | 31,242,775 | 31,843,871 |
Accounts receivable - trade | 2,670,135 | 1,137,218 |
Real estate for sale | 83,611,209 | 84,289,485 |
Real estate for sale in process | 90,657,956 | 116,298,737 |
Other | 5,332,823 | 5,933,092 |
Total current assets | 213,514,900 | 239,502,406 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 1,824,266 | 1,776,314 |
Machinery, equipment and vehicles, net | 1,605,837 | 2,077,802 |
Land | 3,374,789 | 3,374,789 |
Leased assets, net | 1,137,854 | 1,058,308 |
Construction in progress | 1,515,477 | - |
Other, net | 39,414 | 44,754 |
Total property, plant and equipment | 9,497,640 | 8,331,970 |
Intangible assets | 262,883 | 229,794 |
Investments and other assets | ||
Investment securities | 499,971 | 642,169 |
Deferred tax assets | 855,236 | 737,922 |
Other | 2,399,019 | 3,560,004 |
Total investments and other assets | 3,754,227 | 4,940,095 |
Total non-current assets | 13,514,751 | 13,501,860 |
Total assets | 227,029,651 | 253,004,266 |
(Thousands of yen)
As of March 31, 2025 | As of December 31, 2025 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 1,264,933 | 1,049,252 |
Electronically recorded obligations - operating | 3,212,000 | 1,188,000 |
Current portion of bonds payable | - | 100,000 |
Short-term borrowings | 4,010,000 | 2,706,495 |
Current portion of long-term borrowings | 32,577,416 | 43,730,674 |
Lease liabilities | 138,889 | 136,382 |
Income taxes payable | 3,069,973 | 2,387,950 |
Advances received | 1,807,594 | 2,140,783 |
Provision for bonuses | 238,108 | 125,438 |
Other | 1,936,093 | 2,615,351 |
Total current liabilities | 48,255,007 | 56,180,328 |
Non-current liabilities | ||
Bonds payable | 1,500,000 | 1,350,000 |
Long-term borrowings | 101,559,759 | 114,953,851 |
Lease liabilities | 1,089,707 | 1,000,971 |
Retirement benefit liability | 178,057 | 193,340 |
Provision for retirement benefits for directors (and other officers) | 243,875 | 247,625 |
Asset retirement obligations | 23,320 | 23,320 |
Other | 719,502 | 702,245 |
Total non-current liabilities | 105,314,220 | 118,471,354 |
Total liabilities | 153,569,228 | 174,651,682 |
Net assets | ||
Shareholders' equity | ||
Share capital | 1,983,000 | 1,983,000 |
Capital surplus | 2,871,307 | 2,871,307 |
Retained earnings | 68,467,160 | 73,264,770 |
Treasury shares | (65,690) | (65,890) |
Total shareholders' equity | 73,255,778 | 78,053,187 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 204,644 | 299,396 |
Total accumulated other comprehensive income | 204,644 | 299,396 |
Total net assets | 73,460,423 | 78,352,584 |
Total liabilities and net assets | 227,029,651 | 253,004,266 |
Quarterly consolidated statement of income | |||
(Thousands of yen) | |||
Nine months ended December 31, 2024 | Nine months ended December 31, 2025 | ||
Net sales | 74,667,848 | 82,501,013 | |
Cost of sales | 55,607,772 | 61,112,539 | |
Gross profit | 19,060,076 | 21,388,473 | |
Selling, general and administrative expenses | |||
Advertising expenses | 373,614 | 466,640 | |
Salaries and bonuses | 2,569,169 | 2,892,320 | |
Provision for bonuses | 103,798 | 117,468 | |
Retirement benefit expenses | 71,307 | 58,929 | |
Provision for retirement benefits for directors (and other officers) | 3,937 | 3,750 | |
Taxes and dues | 1,421,517 | 1,514,059 | |
Depreciation | 92,635 | 90,610 | |
Other | 1,821,853 | 2,107,412 | |
Total selling, general and administrative expenses | 6,457,832 | 7,251,191 | |
Operating profit | 12,602,243 | 14,137,282 | |
Non-operating income | |||
Interest income | 1,657 | 25,854 | |
Dividend income | 18,137 | 17,664 | |
Cancellation penalty income | 8,592 | 5,483 | |
Gain on guarantee deposits received | 62,357 | 68,240 | |
Subsidy income | 12,623 | 16,939 | |
Insurance claim income | 3,540 | 135,609 | |
Administrative service fee income | 49,357 | 66,859 | |
Other | 33,260 | 70,793 | |
Total non-operating income | 189,526 | 407,445 | |
Non-operating expenses | |||
Interest expenses | 627,232 | 1,646,186 | |
Other | 2,130 | 349,722 | |
Total non-operating expenses | 629,363 | 1,995,909 | |
Ordinary profit | 12,162,406 | 12,548,817 | |
Extraordinary losses | |||
Loss on retirement of non-current assets | - | 1,212 | |
Total extraordinary losses | - | 1,212 | |
Profit before income taxes | 12,162,406 | 12,547,605 | |
Income taxes - current | 4,449,333 | 4,517,103 | |
Income taxes - deferred | (68,548) | 69,868 | |
Total income taxes | 4,380,785 | 4,586,971 | |
Profit | 7,781,621 | 7,960,633 | |
Profit attributable to owners of parent | 7,781,621 | 7,960,633 | |