ES-CON JAPAN Ltd.
8892・Prime Market・Real Estate
Residential Condominium Sales Business
ESCON's core business handling the development and sale of condominiums and detached houses.
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue | ¥63,630 million | ¥66,908 million | ↓ |
| Segment profit | ¥11,493 million | ¥12,045 million | ↓ |
| Segment profit margin | 18.1% | 18.0% | ↑ |
| Segment assets | ¥131,485 million | ¥121,066 million | ↑ |
| Units delivered | 971 units | 1,195 units | ↓ |
| Condominium sales revenue | ¥60,514 million | ¥64,063 million | ↓ |
| Detached housing sales revenue | ¥3,116 million | ¥2,845 million | ↑ |
Business Details
A core business that develops and sells condominiums and detached houses under brands such as "Le JADE," "Gran Le JADE," and "DIAMAS." It operates primarily in the Kanto, Kansai, Chubu, and Kyushu regions, positioning itself as a "Life Developer" that provides high-quality living. The business is mainly handled by the Company and its consolidated subsidiaries Escon Home Co., Ltd. and Escon Craft Co., Ltd. In FY2026 (ending March 2026), the number of units delivered decreased year on year, resulting in lower revenue and profit, but the segment profit margin improved by 0.1 percentage points year on year to 18.1%.
Recent Overview
Revenue and profit declined due to a decrease in units delivered, though the profit margin improved slightly. 910 units planned for next fiscal year, with a contract progress rate of 70.7%.
In FY2026 (ending March 2026), compared to the prior period when completions of multiple large-scale properties overlapped, the number of units delivered decreased 18.7% from 1,195 units to 971 units, resulting in revenue of ¥63,630 million (down 4.9% year on year) and segment profit of ¥11,493 million (down 4.6%), reflecting lower revenue and profit. On the other hand, the segment profit margin improved by 0.1 percentage points year on year to 18.1%. Revenue by area consisted of Kansai at 54.2%, Kanto at 24.8%, Kyushu at 11.6%, and Chubu at 9.4%. The expected number of condominium units to be delivered in the following fiscal year, FY2027 (ending March 2027), is 910 units, with a contract progress rate of 70.7% as of the end of March 2026. Forecasted segment revenue for the following fiscal year is ¥66,500 million (up 4.5% year on year), and forecasted segment profit is ¥12,300 million (up 7.0%).
Key Products
Growth Drivers
- Geographic diversification and demand capture through multi-area expansion centered on Kanto, Kansai, Chubu, and Kyushu (Kansai 54.2% and Kanto 24.8% are the main areas)
- Expansion of high-value-added, high-unit-price properties and maintenance of profit margins through the deployment of high-end brands "DIAMAS" and "Gran Le JADE"
- Promotion of large-scale mixed-use development through integrated development projects combining commercial facilities, clinics, and licensed nursery schools (such as "Le JADE City Senri Fujishirodai")
- Securing a certain level of visibility for next fiscal year's results through 910 units of condominium deliveries and a contract progress rate of 70.7% (as of the end of March 2026)
- Continued execution of condominium development investment under the Fifth Medium-Term Management Plan (FY2025 (ending March 2025) to FY2027 (ending March 2027))
Risks
- Risk of cost increases and profit margin pressure due to soaring construction costs (labor and raw materials)
- Risk of declining housing loan demand and reduced purchasing power due to rising interest rates
- Risk of year-on-year performance fluctuation due to concentration of completion and delivery timing (as shown by the 18.7% year-on-year decrease in units delivered, results are affected by the completion timing of large-scale properties)
- Risk of rising procurement costs and deteriorating profitability due to soaring land acquisition prices
- Risk of structural, medium- to long-term contraction in housing demand due to the declining birthrate, aging population, and population decline
Last updated: June 23, 2026