Haseko : Summary of Financial Statements for the nine months ended December 31, 2022

Summary of Financial Statements

- For the nine months ended December 31, 2022 -

February 2023

Disclaimer:

Forecasts or assessment figures on this document is depend and based on data available at the date of issue.

Results or actual performances may be different from those estimates because of unexpected affairs.

Contents

Summary of Financial Results & Topics	・・・・・・・・	P.1
Summary of Financial Results for FY 2022 1Q-3Q・・・・・・・	P.2
Consolidated Income Statements	・・・・・・・・・・	P.3
Net sales & Gross profit of Construction contracts・・・・・・・	P.4
Order Received (Non-consolidated) Result・・・・・・・・・・	P.5
Order Received (Quarterly Order Received)・・・・・・・・・	P.6
Order Received (Size, Region, Exclusive contract, Construction-with-design orders)	P.7
Net sales & Gross profit of Real estate sale・・・・・・・・・	P.8
Key indicators of For-sale Condominiums business・・・・・・・	P.9
Operational Benchmarks of Service-Related Business・・・・・	P.10

Main factors for changes in Consolidated Balance Sheets・・・・	P.11
Breakdown of Real estate balance by use ・・・・・・・・・	P.12
Interest-bearing debt and Shareholders' equity・・・・・・・	P.13
Reference Information・・・・・・・・・・・・・・・・・	P.14 - 20

Summary of Financial Results & Topics

Financial Results for FY2022 1Q-3Q

• In Consolidated financial results for FY2022 1Q-3Q, Net Sales increased 12.9% year-on-year to 706.5 billion yen mainly due to an increase in real estate sales. On the other hand, Ordinary Income decreased 9.7% year-on-year to 55.1 billion yen due to an increase in SG&A and a decrease in the profit of Construction contracts, etc.
• Although the progress rate of Ordinary Income to annual forecast for FY2022 is 64.8%, the progress is as expected since for-sale condominiums will be delivered intensively in FY2022 4Q , etc.
• Orders Received (non-consolidated) increased 15.4% year-on-year to 244.7 billion yen mainly due to increase in orders received from Private-sector condominiums, Rental condominiums and Company housing, etc. Although the progress rate of Orders Received to the annual forecast of 480 billion yen is 51.0%, Orders Received are progressing well in line with initial forecast due to increasing Orders Received in FY2022 4Q.

Topics

• Haseko Corporation resolved to acquire our own shares through trusts in order to acquire additional shares for our company's stock benefit scheme (BBT/ESOP).
  Total amount to be purchased : 3,529 million yen / Please check the details from the following URL.

https://www.haseko.co.jp/hc/english/ir/news/upload_files/20230209_3e.pdf

• "HASEKO Group Integrated Report 2022" has been issued. We hope that this integrated report will help you understand our group.https://www.haseko.co.jp/hc/csr/report.html
  (English version will be released around March 2023)

1

Summary of Financial Results for FY2022 1Q-3Q

Consolidated	FY2021	FY2022	Change
1Q-3Q	1Q-3Q
(B)-(A)	%
	(A)	(B)
Net Sales	626.1	706.5	80.5	12.9％
Gross profit	109.4	108.7	(0.7)	(0.7％)
Operating Income	61.5	56.6	(4.9)

Billions of yen

FY2022 Annual

Forecast Progress

960.0 73.6%

157.5 69.0%

87.0

Operating income ratio			(7.9％)
[9.8%]	[8.0%]	[(1.8pt)]

[9.1%]

65.0%

Ordinary Income	61.0	55.1	(5.9)	(9.7％)
Ordinary income ratio	[9.7%]	[7.8%]	[(1.9pt)
Net Income ※	41.8	36.9	(4.9)	(11.7％)
Order received	212.0	244.7	32.7	15.4％
(Non-consolidated)

85.0 64.8％

[8.9%]

57.0 64.8％

480.0 51.0%

※ Net Income attributable to owners of parent

2