Fuji Kosan’s June 30 debut on TOKYO PRO Market came with a strategic message. The property-revitalisation company, listed under code 595A, said it is using listed status to strengthen governance, expand hiring and eventually move up to the Tokyo Stock Exchange’s Standard Market. The earnings guide released alongside the listing shows the tension: sales are expected to slip even as operating profit improves, while financing costs are set to weigh on ordinary profit.
| Metric | Year to June 2026 forecast | Year to June 2025 actual | YoY in disclosure |
|---|---|---|---|
| Revenue | ¥7.66bn | ¥7.923bn | -3.3% |
| Operating profit | ¥425mn | ¥381mn | +11.5% |
| Ordinary profit | ¥206mn | ¥221mn | -6.8% |
| Net profit | ¥134mn | ¥101mn | +32.7% |
For the year to June 2026, Fuji Kosan forecasts revenue of ¥7.66bn, down 3.3% from the previous year. Operating profit is projected to rise 11.5% to ¥425mn, but ordinary profit is expected to fall 6.8% to ¥206mn. Net profit is forecast to increase 32.7% to ¥134mn. The company says the sales forecast reflects individual property sale plans and recent sales conditions, while the ordinary profit line includes expected funding costs tied to planned property purchases. It says no extraordinary gains or losses are assumed.
The strategy disclosure makes the intended use explicit. Fuji Kosan says it joined TOKYO PRO Market to reinforce its management base, raise name recognition and credibility, expand company size and performance, and work toward a later move to the TSE Standard Market. It describes its core model as acquiring underused or aging income-producing properties, lifting earnings through renovation and leasing, reselling them to investors, and then continuing with rental and building-management services where relevant.
The clearest operating target is on staffing. Fuji Kosan says it wants annual hiring in the year to June 2029 to reach 1.5 times the current level, using listed-company visibility and credibility to strengthen recruitment. The interim figures attached to the disclosure show a larger balance sheet, with total assets of ¥8.33bn versus ¥6.403bn at the prior year-end, net assets of ¥1.402bn versus ¥1.276bn, and an equity ratio of 16.8% versus 19.9%.
One other listing detail was disclosed separately: Fuji Kosan appointed Aizawa Securities as liquidity provider for the TOKYO PRO Market listing. The caveats are plain enough. The company says its listing-purpose statement does not guarantee future outcomes, and the attached interim results were not reviewed by a certified public accountant or audit firm.