Open House : Consolidated Financial Highlights for the Third Quarter of FY2021
August 23, 2021 at 05:04 am EDT
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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
3
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.
Open House Co Ltd is a Japan-based company primarily engaged in the real estate related business. The Company operates through four business segments. The Detached Houses segment is engaged in the brokerage (open house), city center detached house sales (open house development), construction contract (open house architect), and quasi-city center detached house sales (Hawk One). The Profitable Real Estate Business segment is engaged in the acquisition, operation, sales of domestic profitable real estate. The Condominium Business segment is engaged in the development and sales of new condominiums. It works on compact type and family type condominiums mainly in the central areas of Tokyo, Nagoya and Fukuoka areas. The Other segments include mortgage business, financial services business, real estate market analysis and real estate sales in the United States.