Sekisui House : Consolidated Financial Results for the Second Quarter FY2021 NEW

Sekisui House, Ltd. (1928) Consolidated Financial Statements Summary for FY2021 Second Quarter

Consolidated Financial Statements Summary

for the Second Quarter of FY2021 (February 1, 2021 through July 31, 2021)

(Japanese Standard)

September 9, 2021

Company name

Listed exchanges

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Representative

Inquiries

Filing date of quarterly securities report

Date of scheduled payment of dividends Quarterly earnings supplementary explanatory documents

Quarterly earnings results briefing

• Sekisui House, Ltd. (URL https://www.sekisuihouse.co.jp)
• Tokyo, Nagoya
• 1928
• Yoshihiro Nakai, Representative Director

President & Executive Officer, CEO

• Atsushi Yoshida, Executive Officer, Chief Manager of Investor Relations Department Tel [phone]
• September 13 , 2021
• September 30 , 2021
• Yes
• Yes (for institutional investors and analysts, in Japanese)

													(Amounts are rounded down to the nearest million yen.)
1. Consolidated Results for the Six Months Ended July 31, 2021		(February 1, 2021 through July 31, 2021)
		(1)Consolidated Financial Results						(% figures represent changes from the same period of the previous year.)
					Net sales		Operating income		Ordinary income	Profit attributable to
								owners of parent
					¥ million	%		¥ million	%			¥ million	%		¥ million	%
		Six months ended Jul. 31, 2021		1,223,605	4.8		109,693	18.4		111,370	22.8	72,552	22.1
		Six months ended Jul. 31, 2020		1,167,986	(3.3)		92,644	(18.0)		90,671	(22.2)	59,442	(23.2)
		(Note) Comprehensive income:
		Six months ended Jul. 31, 2021: ¥116,227 million (161.0%) Six months ended Jul. 31, 2020: ¥44,525 million (-35.7%)
					Profit per share		Fully diluted
						profit per share
							¥					¥
		Six months ended Jul. 31, 2021				106.90					106.84
		Six months ended Jul. 31, 2020				87.10					87.03
		(2)Consolidated Financial Position
				Total assets				Net assets			Equity capital ratio
					¥ million			¥ million					%
		As of July 31, 2021		2,710,718		1,445,751			51.7
		As of January 31, 2021		2,625,861		1,368,887			50.5
		(Reference) Equity capital*	As of July 31, 2021: ¥1,400,301 million		As of January 31, 2021: ¥1,326,535 million
2. Cash Dividends
										Cash dividends per share
				End of first		End of second		End of third			Year-end		Annual
				quarter			quarter			quarter
				¥				¥						¥			¥			¥
		Year ended Jan. 31, 2021		-				45.00						-			39.00			84.00
		Year ending Jan. 31, 2022							43.00
		Year ending Jan. 31, 2022														-			45.00			88.00
		(forecast)

(Note) Revised dividend forecast for the quarter under review: Yes 1

Sekisui House, Ltd. (1928) Consolidated Financial Statements Summary for FY2021 Second Quarter

3. Consolidated Results Forecast for FY2021 (February 1, 2021 through January 31, 2022)

(% figures represent changes from the same period of the previous year.)

	Net sales			Operating income	Ordinary income	Profit attributable to	Profit
			owners of parent	per share
	¥ millions	%		¥ millions	%	¥ millions	%	¥ millions	%	¥
Year ending January 31, 2022	2,553,000	4.3		220,000	18.0	218,000	18.0	148,000	19.8	218.65
(Note) Revised forecast for the quarter under review:	Yes

Notes

(1)Changes in significant subsidiaries (changes in specific subsidiaries that caused a change in scope of consolidation): Not applicable

New Consolidated Companies: -

Excluded: -

1. Application of accounting treatment specific to the preparations for consolidated quarterly financial statements: Not applicable
2. Changes in accounting policies, accounting estimates and restatements

1. Changes in accounting policies due to amendment of accounting standards: Not Applicable
2. Changes in accounting policies due other than (a): Not applicable
3. Changes in accounting estimates: Not applicable
4. Restatements: Not applicable

1. Number of shares outstanding (common stock)

1. Number of shares outstanding at the end of each period (including treasury stock):

As of Jul. 31, 2021:	684,683,466 shares	As of Jan. 31, 2021:	684,683,466 shares
(ii) Number of treasury stock at the end of each period:
As of Jul. 31, 2021:	9,373,692 shares	As of Jan. 31, 2021:	3,753,722 shares

(iii) Average number of shares outstanding in each period (cumulative quarterly consolidated accounting period):

Six months ended Jul. 31, 2021: 678,706,145 shares

Six months ended Jul. 31, 2020: 682,458,886 shares

• This quarterly financial results report is exempt from quarterly review.
• Notes Regarding the Appropriate Use of Results Forecasts and Other Important Matters

Descriptions regarding forward-looking statements, etc. contained in these materials are based on information currently available to the Company and certain assumptions judged reasonable. The Company makes no warranty as to the feasibility of its projections. Future results may differ materially from projections due to various factors. For the assumptions underlying the earnings forecast, please see "(3) Information Regarding Consolidated Results Forecast" in "1. Qualitative Information Regarding Consolidated Results for the Six Months under Review" of the "Attached Material" on page 6.

(Obtaining supplementary explanatory documents)

The Company plans to hold a briefing for institutional investors and analysts on September 9, 2021. Relevant financial explanatory documents to be handed out at the briefing will be posted on our official website on the same day.

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Sekisui House, Ltd. (1928) Consolidated Financial Statements Summary for FY2021 Second Quarter

	TABLE OF CONTENTS OF THE ATTACHED MATERIAL
1. Qualitative Information Regarding the Consolidated Results for the Six Months under Review ----------------------------------	6
(1)	Information Regarding Consolidated Business Results ---------------------------------------------------------------------------------	6
(2)	Information Regarding Consolidated Financial Conditions ----------------------------------------------------------------------------	9
(3)	Information Regarding Consolidated Results Forecast ----------------------------------------------------------------------------------	9
2. Consolidated Quarterly Financial Statements and Notes---------------------------------------------------------------------------------------	11
(1)	Consolidated Quarterly Balance Sheet --------------------------------------------------------------------------------------------------------	11
(2)	Consolidated Quarterly Statement of Income and Consolidated Quarterly Statement of Comprehensive income----	13
	Consolidated Quarterly Statement of Income
	For the six months ended July 31, 2020 and 2021 ---------------------------------------------------------------------------------------	13
	Consolidated Quarterly Statement of Comprehensive Income
	For the six months ended July 31, 2020 and 2021 ---------------------------------------------------------------------------------------	14
(3)	Notes Regarding Quarterly Financial Statements------------------------------------------------------------------------------------------	14
	(Notes Regarding Assumption of a Going Concern)-----------------------------------------------------------------------------------------	14
	(Notes on significant changes in the amount of shareholders' equity)------------------------------------------------------------------	14

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Sekisui House, Ltd. (1928) Consolidated Financial Statements Summary for FY2021 Second Quarter

Appendix: Segment breakdown for the Six Months Ended July 31, 2021

Consolidated

(1) Sales							¥ millions
		Six months ended		Six months ended		YOY(%)
		July 31, 2020		July 31, 2021
order-to-Built Business	Custom detached houses	157,560			167,118			6.1
Rental housing	176,322			183,069			3.8
	Architectural/Civil Engineering	160,110		137,051		(14.4)
	Subtotal	493,993		487,239		(1.4)
Supplied Housing Business	Remodeling	68,978		79,764		15.6
Real estate management fees	277,058		291,433		5.2
	Subtotal	346,036		371,197		7.3
Development Business	Houses for sale	62,771		86,173		37.3
Condominiums	41,796			40,252			(3.7)
	Urban redevelopment
	46,558			51,835			11.3
	Subtotal
	151,126		178,262		18.0
Overseas Business	140,523		149,507		6.4
Other businesses	36,306		37,399		3.0
Consolidated	1,167,986		1,223,605		4.8
(2) Operating income and Operating margin					¥ millions
		Six months ended		Six months ended
		July 31, 2020		July 31, 2021		YOY(%)
		Amount		Amount
		Operating margin		Operating margin
	Custom detached houses	14,904		20,338		36.5
	9.5%		12.2%
order-to-Built Business	Rental housing	21,814		25,846		18.5
7.3%		8.6%
Architectural/Civil Engineering
		12.4%		14.1%
		11,668		11,750		0.7
	Subtotal	48,388		57,935		19.7
	9.8%		11.9%
	Remodeling	9,789		13,250		35.4
	14.2%		16.6%
Supplied Housing Business
	Real estate management fees	22,729		26,567		16.9
	8.2%		9.1%
	Subtotal	32,518		39,818		22.4
	9.4%		10.7%
	Houses for sale	3,620		6,838		88.9
	5.8%		7.9%
Development Business	Urban redevelopment	6,050		5,966		(1.4)
20.5%		7.1%
	Condominiums	14.5%		14.8%
		9,556		3,655		(61.8)
	Subtotal	19,226		16,460		(14.4)
	12.7%		9.2%
Overseas Business	15,616		18,147		16.2
11.1%		12.1%
Other businesses	(1,417)		(580)		-
(3.9%)		(1.6%)
Eliminations and back office	(21,687)		(22,086)		-
Consolidated	92,644		109,693		18.4
7.9%		9.0%
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Sekisui House, Ltd. (1928) Consolidated Financial Statements Summary for FY2021 Second Quarter

(3) Orders			¥ millions
		Six months ended	Six months ended	YOY(%)
		July 31, 2020	July 31, 2021
order-to-Built Business	Custom detached houses	155,304	179,243	15.4
Rental housing	178,667	192,726	7.9
	Architectural/Civil Engineering
	136,302	157,738	15.7
	Subtotal	470,274	529,707	12.6
Supplied Housing Business	Remodeling	66,593	81,123	21.8
Real estate management fees	277,058	291,433	5.2
	Subtotal	343,651	372,557	8.4
Development Business	Houses for sale	67,223	102,447	52.4
Condominiums	28,236	40,903	44.9
	Urban redevelopment
	33,686	66,573	97.6
	Subtotal
	129,145	209,925	62.5
Overseas Business	160,488	189,645	18.2
Other businesses	31,865	40,348	26.6
Consolidated	1,135,426	1,342,184	18.2
(4) Order backlog			¥ millions
		As of	As of	YOY (%)
		January 31, 2021	July 31, 2021
order-to-Built Business	Custom detached houses	183,298	195,423	6.6
Rental housing	372,723	382,379	2.6
	Architectural/Civil Engineering
	362,407	383,093	5.7
	Subtotal	918,428	960,897	4.6
Supplied Housing Business	Remodeling	28,584	29,943	4.8
Real estate management fees	-	-	-
	Subtotal	28,584	29,943	4.8
Development Business	Houses for sale	47,705	63,979	34.1
Condominiums	91,651	92,302	0.7
	Urban redevelopment
	28,901	43,639	51.0
	Subtotal
	168,259	199,922	18.8
Overseas Business	199,620	239,759	20.1
Other businesses	48,527	51,476	6.1
Consolidated	1,363,421	1,481,999	8.7

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