Haseko : Summary of Financial Statements for the year ended March 31, 2023

Summary of Financial Statements

- For the year ended March 31, 2023 -

May 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
Main Financial Results and Forecast	・・・・・・・・・	P.2
Main factors for changes in Consolidated Net Sales ・・・・・・	P.3
Construction contracts Sales & Profit ・・・・・・・・・・・	P.4
Order Received (Non-consolidated) Result & Forecast・・・・	P.5
Order Received (Quarterly, Backlogs, Main Order Property)・・・	P.6
Order Received (Ratio by Size, Region, Exclusive contract, Construction-with-design orders)	P.7
Real estate Sales & Profits・・・・・・・・・・・・・・・・	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 Ordinary Income・・・・ P.11

Main factors for changes in Consolidated Balance Sheets・・・	P.12
Breakdown of Real estate balance by use ・・・・・・・・・ P.13
Interest-bearing debt and Shareholders' equity・・・・・・・	P.14
Consolidated Cash Flow・・・・・・・・・・・・・・・・・ P.15
Shareholder return・・・・・・・・・・・・・・・・・・ ・P.16
Medium-termbusiness plan / Status of efforts for priority strategies・	P.17〜P.28
Reference information・・・・・・・・・・・・・・・・	P.29〜P.36

Summary of Financial Results & Topics

Financial Results for FY2022

• In Consolidated financial results for FY2022, Net Sales increased by 12.9% year-on-year to 1,027.3billion yen, and Ordinary Income increased by 7.8% year-on-year to 88.3 billion yen due to the steady progress of sales of for-sale condominium business and income property for sale of whole apartments.
• ROE in FY2022 increased by 0.2pt year-on-year to 13.6%.
• Orders Received (non-consolidated) in FY2022 increased by 1.9% year-on-year to 481.3 billion yen due to an increase in orders received from Private-sector condominiums.

Forecast for FY2023

• In Consolidated financial results forecast for FY2023, Net Sales are expected to increase by 5.1% year-on-year to 1,080.0 billion yen, and Ordinary Income is expected to decrease by 6.0% year-on-year to 83.0 billion yen due to a decrease in Profit ratio of construction contracts by soaring material prices and an increase in labor cost despite of an increase in construction contract works.
• Orders Received (non-consolidated) forecast in FY2023 is expected to increase by 3.9% to 500.0 billion yen due to an increase in orders received from Private-sector condominiums.

Shareholder return

• The year-end dividend per share for FY2022 is planned to be 40 yen, and as initially forecasted the annual dividend per share is planned to be 80 yen.
• The annual dividend forecast per share for FY2023 is planned to be 80 yen, the same as FY2022.

1

Main Financial Results and Forecast

Consolidated	FY2021	FY2022	Change	%
(A)	(B)	(B-A)
Net Sales	909.7	1,027.3	117.6		12.9％
Operating Income	82.7	90.2	7.5		9.0％
Operating income ratio	9.1%	8.8%	(0.3pt)
Ordinary Income	81.9	88.3	6.4		7.8％
Ordinary income ratio	9.0%	8.6%	(0.4pt)
Net Income ※	54.5	59.3	4.8		8.9％
Net income ratio	6.0%	5.8%	(0.2pt)
ROE	13.4%	13.6%	+0.2pt

Order received	472.3	481.3	9.0	1.9％
(Non-consolidated)
Annual dividend per share (yen)	80	80	-

	(Billions of yen)
FY2023	Change
Forecast	%
(C-B)
(C)
1,080.0	52.7	5.1%

88.0 (2.2)

8.1%	(0.7pt)	(2.4%)

83.0 5.3

7.7%	(0.9pt)	(6.0%)
55.5	(3.8)	(6.4%)
5.1%	(0.7pt)

500.0	18.7	3.9%

80 -

※Net Income attributable to owners of parent

2