Home Position Co.,Ltd. [2999.T]
TOKYO, Apr 20 (Pulse News Wire) – Home Position CO.,LTD. (2999.T) reported robust revenue growth for its fiscal second quarter ending February 2026, achieving sales of ¥9.051 billion compared to ¥7.187 billion in the same period last year, marking a 25.9% increase.
Operating profit surged by 128.8%, reaching ¥478 million from ¥200 million previously. Additionally, ordinary profit jumped 288.3% to ¥369 million from ¥95 million in the corresponding quarter. The company's aggressive land acquisition strategy contributed significantly to improved performance, leading to increased work-in-progress properties and short-term borrowings.
Despite higher expenses, Home Position maintained strong cash reserves, with cash and deposits rising by ¥911 million to ¥2.442 billion from the previous quarter-end. The firm also secured a positive impact finance agreement worth ¥200 million with Aichi Bank on March 31, 2026, aimed at supporting sustainable operations. Looking ahead, management remains optimistic about continued progress towards achieving its financial targets and enhancing shareholder value through strategic investments and operational efficiencies.
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