Logos Holdings Inc. (TSE: 205A) reported consolidated results for the fiscal year ended May 2026 under Japanese GAAP. Revenue jumped 36.5% to ¥49,502 million, operating profit surged 197.5% to ¥1,449 million, ordinary profit rose 228.0% to ¥1,326 million and net profit attributable to owners of the parent climbed 300.1% to ¥800 million. Basic earnings per share were ¥203.98, up from ¥51.14 a year earlier.
Acquisition and new stores drive handovers
Logos Holdings is a detached-house builder based in Sapporo, Hokkaido. The company said the sharp revenue increase reflected the addition of Sakai Construction to the group and the contribution of stores opened in prior years, which together lifted the number of homes handed over. The group continued to invest in expansion, opening new outlets in Nagoya, Yokkaichi and Sapporo and renovating stores across Hokkaido.
Regulatory headwinds in the housing market
The results came despite a softer housing market: revisions to Japan's Building Standards Act, effective April 2025, made energy-efficiency compliance mandatory and expanded structural-calculation requirements, lengthening building-permit reviews. New owner-occupied housing starts fell 5.6% over the year. Logos said it strengthened its design capacity and pre-screened applications to keep home supply stable.
Further growth guided for FY27
For the year to May 2027, Logos guides revenue of ¥54,273 million (+9.6%), operating profit of ¥2,113 million (+45.8%), ordinary profit of ¥1,882 million (+41.9%) and net profit of ¥1,160 million (+45.2%), with EPS of ¥295.86.
Balance sheet and dividend
Total assets stood at ¥23,225 million and net assets at ¥4,044 million, for an equity ratio of 17.4%. The annual dividend was raised to ¥88.75 per share from ¥63.39 the previous year.
| Metric | FY5/2026 | FY5/2025 | YoY |
|---|---|---|---|
| Revenue (¥ billion) | 49.50 | 36.27 | +36.5% |
| Operating profit (¥ billion) | 1.45 | 0.49 | +197.5% |
| Ordinary profit (¥ billion) | 1.33 | 0.40 | +228.0% |
| Net profit attrib. to owners (¥ billion) | 0.80 | 0.20 | +300.1% |
| Basic EPS (¥) | 203.98 | 51.14 | +298.9% |
| Annual dividend (¥) | 88.75 | 63.39 | +40.0% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.