Kasumigaseki Capital (TSE: 3498) grew sales 69.7% to ¥163.76bn in the year to August 2026, with operating profit up 47.2% to ¥27.87bn and net profit attributable to owners of the parent up 62.9% to ¥16.69bn, according to its consolidated earnings summary.
What it delivered
The company's results note counts five hotel openings in the year, seven CLASWELL hospice residences opened, and three logistics facilities completed: LOGI FLAG TECH Nagoya Minato I, LOGI FLAG TECH Higashi-Ogishima I and LOGI FLAG COLD Narashino I. The note uses "opened" for the hotels and care residences and "completed" for the warehouses. It also reports three new construction starts in logistics and the first dry automated warehouse and data centre developments.
What it cost
Operating cash flow was an outflow of ¥16.77bn, against an inflow of ¥6.89bn a year earlier. The company points to a ¥26.34bn increase in inventories, ¥5.73bn more in prepayments and ¥8.71bn of tax paid, set against ¥25.71bn of pre-tax profit. Investing cash flow was an outflow of ¥31.48bn, including ¥12.18bn on property, plant and equipment and ¥11.21bn in loans.
Financing brought in ¥65.34bn, mainly ¥65.9bn of long-term borrowing. The summary table also lists ¥34.7bn from share issuance. Year-end cash was ¥41.79bn and total assets were ¥222.13bn, up from ¥121.69bn.
The forecast
For the year to August 2027 the company guides to sales of ¥220bn and operating profit of ¥41bn. It says it built the outlook conservatively on construction timing and cost, and cites geopolitical risk, a weak yen and higher interest rates. The guidance is a forecast, not a result. The negative operating cash flow reflects the stock of property being built and held; the note does not frame it as a financial strain.