Business

performance

Continuing

favorable

performance of

single-family homes related business

  • Performance increased significantly due to the favorable single-family homes and the consolidation of Pressance Corporation Co., Ltd. as a subsidiary.

Revenue:

¥

583.7 billion

[ 52.2% YOY ]

Operating income:

¥

72.8 billion

[ 89.5% YOY ]

Profit attributable to owners of parent :

¥

51.0 billion

[ 21.7% YOY ]

  • Demand for single-family homes remained high, and the single-family homes related business was favorable.

Single-family homes related business

Revenue:

¥

350.5 billion

[ 27.9% YOY ]

Operating income:

¥

49.7 billion

[ 71.7% YOY ]

Performance forecasts for FY2021

  • Steady progress toward setting new record highs in revenue and operating income

for the ninth consecutive period.

Forecast

Revenue:

¥

788.0 billion

[ 36.8% YOY ]

Operating income:

¥

96.0 billion

[ 54.5% YOY ]

Profit attributable to owners of parent :

¥

67.0 billion

[ 12.6% YOY ]

2

  • All-timehigh revenue and income for 3Q.
  • Due to increase in single-family related business and the consolidation of Pressance Corporation as a subsidiary, there were significant increases in revenue and income.

(Million yen)

FY2020 3Q

FY2021 3Q

<2019/10-2020/06>

<2020/10-2021/06>

Inc.(Dec.)

Actual

% of revenue

Actual

% of revenue

Revenue

383,551

583,758

52.2%

Operating income

38,445

10.0%

72,842

12.5%

89.5%

Ordinary income

53,241

13.9%

70,720

12.1%

32.8%

Profit attributable to owners

41,896

10.9%

51,001

8.7%

21.7%

of parent

Amount equivalent to negative

13,708

4,380

(9,327)

goodwill *

  • FY2020 3Q: Amount equivalent to negative goodwill in conjunction with the acquisition of Pressance Corporation included in the share of profit of entities accounted for using equity method.

FY2021 3Q: Difference between gain on bargain purchase and loss on step acquisitions

4

  • Revenue increased in all segments. Performance was driven particularly by the single-family homes related business, which has been enjoying strong sales.
  • In the condominiums business, progress is favorable, with deliveries concentrated in 4Q.

(Million yen)

FY2020 3Q

FY2021 3Q

<2019/10-2020/6>

<2020/10-2021/6>

Inc.(Dec.)

Actual

Ratio

Actual

Ratio

Revenue

383,551

100.0%

583,758

100.0%

52.2%

Single-family homes related

business

274,021

71.4%

350,547

60.1%

27.9%

Condominiums

12,848

3.3%

13,500

2.3%

5.1%

Property resales

80,169

20.9%

85,354

14.6%

6.5%

Others (including U.S. real estate business)

16,589

4.3%

31,586

5.4%

90.4%

Pressance Corporation

103,506

17.7%

Adjustments

(77)

(736)

Actual

% of revenue

Actual

% of revenue

Inc.(Dec.)

Operating Income

38,445

10.0%

72,842

12.5%

89.5%

Single-family homes related

business

28,969

10.6%

49,745

14.2%

71.7%

Condominiums

489

3.8%

286

2.1%

(41.6)%

Property resales

8,444

10.5%

9,431

11.0%

11.7%

Others (including U.S. real estate business)

1,402

8.5%

3,655

11.6%

160.7%

Pressance Corporation

10,857

10.5%

Adjustments

(859)

(1,133)

5

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Open House Co. Ltd. published this content on 23 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2021 09:03:03 UTC.