Summary of Financial Statements for the three months ended June 30, 2022 [PDF:607KB]

Summary of Financial Statements

- For the three months ended June 30, 2022 -

August 2022

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 for FY 2022 1Q ・・・・・・・・	P.1	Main factors for changes in Consolidated Balance Sheets・・・・	P.10
Consolidated Income Statements	・・・・・・・・・・	P.2	Breakdown of Real estate balance by use ・・・・・・・・・	P.11
Net sale & Gross profit of Construction contracts・・・・・・・	P.3	Interest-bearing debt and Shareholders' equity・・・・・・・	P.12
Order Received (Non-consolidated) Result・・・・・・・・・・	P.4	Reference information・・・・・・・・・・・・・・・・・	P.13〜P.19
Order Received (Quarterly Order Received)・・・・・・・・・	P.5
Order Received (Ratio by Size, Region, Exclusive contract, Construction-with-design orders)	P.6
Net sale & Gross profit of Real estate sale・・・・・・・・・・	P.7
Key indicators of For-sale Condominiums business・・・・・・・	P.8
Operational Benchmarks of Service-Related Business・・・・・	P.9

Summary of Financial Results for FY2022 1Q

• In Consolidated financial results for FY2022 1Q, Net Sales increased 9.5% year-on-year to 234.1 billion yen due to an increase in net sale of Real estate sale, and Ordinary Income decreased 6.3% year-on-year to 20.0 billion yen mainly due to an increase in SG&A and deterioration in Financial expenses.
• Orders Received (Non-consolidated) for FY2022 1Q increased 14.2% year-on-year to 57.2 billion yen and progress rate for FY2022 Annual Forecast was 11.9% as expected.

Billions of yen

Consolidated	FY2021	FY2022	Change
1Q (A)	1Q (B)
(B)-(A)	%
Net Sales	213.7	234.1	20.4		9.5%
Gross profit	36.2	37.3	1.1		2.9%
Operating Income	20.4	20.0	(0.4)		(2.2%)
Operating income ratio	9.5%	8.5%	(1.0pt)
Ordinary Income	21.3	20.0	(1.3)		(6.3%)
Ordinary income ratio	10.0%	8.5%	(1.5pt)
Net Income ※	14.7	13.3	(1.4)		(9.3%)
Order received	50.1	57.2	7.1		14.2％
(Non-consolidated)

• Net Income attributable to owners of parent

FY2022 Annual

Forecast Progress

960.0 24.4%

157.5 23.7%

87.0

9.1% 22.9%

85.0

8.9% 23.5%

57.0 23.4%

480.0 11.9%

1

Consolidated Income Statements

							Billions of yen
	March 2022			March 2023		Change
	1Q Result			1Q Result		Amount		%
	< A >			< B >		< B - A >
Net sales	213.7		234.1		20.4		9.5%
Construction contracts	114.5	112.0		(2.5)		( 2.2%)
Design and supervision	0.7	0.9		0.2		28.3%

Consolidated Ordinary Income

Real estate	(Billion Yen)
sale	SG&A

1.4 (1.5)

Construction

Contracts

Leasing and management	20.6	21.0	0.4	2.2%
Real estate sale	73.5	95.7	22.2	30.3%
Others	4.4	4.4	(0.0)	( 0.2%)

21.3 (0.5)

Financial expenses (0.9)

	Gross profit	36.2	37.3	1.1	2.9%
	Construction contracts	19.7	19.2	(0.5)	( 2.8%)
	[Profit ratio of construction contracts]	[ 17.2%]	[ 17.1%]		[(0.1p)]
	Design and supervision	0.2	0.5	0.2	108.1%
	Leasing and management	4.7	4.7	(0.1)	( 1.1%)
	Real estate sale	10.8	12.2	1.4	12.6%
	Others	0.7	0.8	0.0	6.3%
	Selling, general and administrative expense	15.8	17.3	1.5	9.5%
	Operating income	20.4	20.0	(0.4)	( 2.2%)
	[Operating income ratio]	[ 9.5%]	[ 8.5%]		[(1.0p)]
	Financial income (expenses)		0.6	(0.2)		(0.9)
	Others, net		0.3	0.3		(0.0)
	Ordinary income	21.3	20.0	(1.3)	( 6.3%)
	[Ordinary income ratio]	[ 10.0%]	[ 8.5%]		[(1.5p)]
	Special income (losses), net		0.1	(0.0)		(0.1)
	Income before income taxes		21.4	20.0		(1.4)	( 6.6%)
	Current tax		3.8	4.7		1.0
	Deferred tax	3.0	2.0	(1.0)
	Net income attributable to non-controlling interests		(0.0)	(0.0)		0.0
	Net Income attributable to owners of parent	14.7	13.3	(1.4)	( 9.3%)
	Depreciation and amortization, excluding goodwill-amortization	1.4	1.5	0.1	6.1%

		Other	20.0
		0.2
・Increased in
transaction of
land

・Increase in labor costs due to improvement of working conditions

・Increase in advertising expenses

・Decrease in dividend income from subsidiaries

△1.3

FY2021	FY2022
1Q	1Q	2