Hoosiers : Quarterly Earnings Document

Hoosiers Holdings Co., Ltd. (3284)

Second Quarter

Fiscal Year Ending March 2023

Explanatory Materials on Financial Results

November 10, 2022

Table	1. 2Q of FY3/23 overview of results
of

contents

1. Shareholder return policy
2. 1H of FY3/23 topics
3. Sustainability

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1. 2Q of FY3/23 overview of results

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Executive summary

■2Q of FY3/23 overview of results

• While profit decreased YoY due to condo's completion concentration in 2H,

full-year performance forecasts remain unchanged due to steady progress in contract

• Condominiums and condominiums for seniors maintain high gross margin
• Carefully purchased land to which the rise in material costs can be passed on

• 2Q of FY3/23 full-year performance forecasts and shareholder return policy

• No change in full-year performance forecasts and annual dividend forecast announced at the beginning of the year

■Main topics

• Condominiums: Made steady progress in development in regional cities
• Condominiums for seniors: First property in Tokyo's 23 wards

"DUO SCENE Egota-no-Mori Park" was completed

• ESG: Information disclosure in line with TCFD recommendations, acquired third-party

evaluation (GRESB)	4

Consolidated income statement

• Net sales: ¥20,102 million (down 25.2% YoY) Operating income: ¥286 million (down 81.6% YoY)

Ordinary loss: ¥237 million Loss attributable to owners of parent: ¥256 million

	2Q of FY3/22		2Q of FY3/23
	Results	Composition		Results	Composition		YoY	Full-year	Progress vs
(Million yen)		ratio			ratio		change	forecasts	forecasts
Net sales	26,863			20,102			(6,760)	80,000		25.1%
Gross profit	6,095	22.7%		4,624	23.0%		(1,470)
Selling, general and	4,536	16.9%		4,337	21.6%		(198)
administrative expenses
Operating income	1,559	5.8%		286	1.4%		(1,272)	7,300		3.9%
Non-operating income	361	1.3%		308	1.5%		(53)
Non-operating expenses	841	3.1%		832	4.1%		(9)
Ordinary income (loss)	1,078	4.0%		(237)	(1.2%)		(1,316)	6,500		(3.6%)
Extraordinary income	11	0.0%		54	0.3%		42
Extraordinary losses	105	0.4%		-	-		(105)
Income (loss) before income taxes	985	3.7%		(183)	(0.9%)		(1,168)
Income taxes- current	213	0.8%		66	0.3%		(146)
Income taxes - deferred	173	0.6%		(132)	(0.7%)		305
Profit (loss) attributable to	483	1.8%		(256)	(1.3%)		(739)	4,200		(6.1%)
owners of parent

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