GOLDCREST Co.,Ltd.
8871・Standard Market・Real Estate
Real Estate Sales Business
Core segment in the new condominium sales business in the greater Tokyo area, accounting for approximately 67.6% of consolidated net sales.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment net sales (FY2026 (ending March 2026) full year) | ¥20,576 million | ¥19,039 million | ↑ |
| Segment profit (FY2026 (ending March 2026) full year) | ¥6,410 million | ¥5,080 million | ↑ |
| Segment profit margin (FY2026 (ending March 2026) full year) | 31.2% | 26.7% | ↑ |
| Units delivered (FY2026 (ending March 2026) full year) | 304 units | 296 units | ↑ |
| Contracts during the period (FY2026 (ending March 2026) full year) | 398 units / ¥34,960 million | 383 units / ¥24,309 million | ↑ |
| Contract backlog (as of March 31, 2026) | 279 units / ¥26,348 million | 185 units / ¥11,964 million | ↑ |
Business Details
Plans, develops, and sells newly built condominiums under brands such as "CREST CITY," "CREST FORME," and "CREST RESIDENCE" in the greater Tokyo metropolitan area, including Tokyo and Kanagawa. The Company focuses on high-grade condominiums centered on family-type units, ensuring quality control through active involvement in design and construction, and providing total service from planning through sales and after-sales support. Efficient management that keeps selling, general and administrative expenses in check has enabled a high profit margin. Net sales for FY2026 (ending March 2026) were ¥20,576 million, accounting for 67.6% of consolidated net sales.
Recent Overview
Units delivered totaled 304, with net sales of ¥20,576 million, an increase in sales, and the profit margin improved significantly to 31.2%.
In FY2026 (ending March 2026), deliveries of properties in Kamakura City (215 units), Kawasaki City (325 units), Yokohama City (96 units), and others resulted in net sales of ¥20,576 million (up 8.1% year on year) and segment profit of ¥6,410 million (up 26.2% year on year). The profit margin improved substantially from 26.7% in the prior period to 31.2%. Contracts during the period increased significantly from the prior period to 398 units / ¥34,960 million, and the contract backlog at period-end also built up to 279 units / ¥26,348 million (up 94 units / ¥14,383 million year on year), underpinning the forecast net sales of ¥29,500 million for FY2027 (ending March 2027).
Key Products
Growth Drivers
- Concentrating management resources in central Tokyo and its surrounding areas, and selectively acquiring land expected to generate profit
- Steady demand from end users backed by various housing acquisition support policies
- Rising trend in sales prices of newly built condominiums in the greater Tokyo area amid soaring construction costs
- Maintaining a high profit margin through efficient management that keeps selling, general and administrative expenses in check
- Ample delivery-pending inventory, with a contract backlog of 279 units / ¥26,348 million as of the end of March 2026
Risks
- Rising land acquisition costs due to intensifying competition for new condominium development sites
- Risk of cost ratio deterioration due to continued increases in construction costs
- Risk of demand decline due to increased housing loan burden amid rising interest rates
- Impact on personal consumption from continued price increases and downside risk to the economy
- Uncertainty over the outlook due to fluctuations in financial and capital markets, including the impact of US trade policy
Last updated: June 17, 2026