Sekisui House : Section５ Financial Data, Company Information and Share Information

Value Report 2023				Contents	Long-Term Vision and	Mechanisms and	Mid-Term Management Plan for
SEKISUI HOUSE				Material Issues	Catalysts for Creating Value	Sustainable Growth

Section

5

ESG Management		Financial Data, Company		221
G: Governance E: Environment S: Social	Information and Share Information

Financial Data,

Company

Information and

Share Information

Consolidated Financial Statements	222
11-Year Highlights (Consolidated)	226
Company Information	230
Share Information	231
External Recognition and Awards	232

Value Report 2023

Contents

Long-Term Vision and

Mechanisms and

Mid-Term Management Plan for

ESG Management

Financial Data, Company

222

SEKISUI HOUSE

Material Issues

Catalysts for Creating Value

Sustainable Growth

G: Governance E: Environment S: Social

Information and Share Information

Consolidated Financial Statements

Consolidated Balance Sheet

						(Millions of yen)
					As of January 31, 2022	As of January 31, 2023
Assets
	Current assets
		Cash and deposits	515,283	332,903
	Notes receivable and accounts receivable from
		completed construction contracts	132,471	-
	Notes receivable, accounts receivable from
		completed construction contracts and others		-	157,123
	Costs on construction contracts in progress	18,299	17,202
		Buildings for sale	436,973	534,391
	Land for sale in lots	589,879	723,941
	Undeveloped land for sale	149,828	177,095
		Other inventories	9,501	12,160
		Other	101,672	140,200
	Allowance for doubtful accounts		(1,179)	(1,136)
		Total current assets		1,952,729	2,093,883
	Non-current assets
	Property, plant and equipment
			Buildings and structures	365,224	388,523
		Machinery, equipment and vehicles	71,333	75,108
		Tools, furniture and fixtures	37,007	39,657
			Land	284,788	277,568
			Leased assets	5,157	19,746
			Construction in progress	49,597	32,080
			Accumulated depreciation		(272,397)	(278,123)
		Total property, plant and equipment	540,711	554,562
		Intangible assets
			Goodwill	250	31,406
			Industrial property	31	716
		Leasehold interests in land	2,575	2,292
			Software	14,586	14,807
		Right to use facilities	201	172
			Telephone subscription right	308	258
			Other		34	1,462
			Total intangible assets	17,988	51,117
	Investments and other assets
			Investment securities	190,334	191,500
			Long-term loans receivable	5,793	5,636
			Retirement benefit asset	7,206	32,501
			Deferred tax assets	24,091	18,219
			Other	62,626	62,321
		Allowance for doubtful accounts		(294)	(2,206)
		Total investments and other assets		289,759	307,973
			Total non-current assets		848,459	913,653
	Total assets		2,801,189	3,007,537

Liabilities

• Current liabilities
• Notes payable and accounts payable for construction contracts
• Electronically recorded obligations-operating
• Short-term borrowings
• Current portion of bonds payable
• Current portion of long-term borrowings
• Income taxes payable
• Advances received on construction contracts in progress
• Provision for bonuses
• Provision for bonuses for directors (and other officers)
• Provision for warranties for completed construction
• Other
• Total current liabilities
• Non-currentliabilities
• Bonds payable
• Long-term borrowings
• Long-term leasehold and guarantee deposits received
• Deferred tax liabilities
• Provision for retirement benefits for directors (and other officers)
• Retirement benefit liability
• Other
• Total non-current liabilities
• Total liabilities

Net assets

• Shareholders' equity
• Share capital
• Capital surplus
• Retained earnings
• Treasury shares
• Total shareholders' equity
• Accumulated other comprehensive income
• Valuation difference on available-for-sale securities
• Deferred gains or losses on hedges
• Foreign currency translation adjustment
• Remeasurements of defined benefit plans
• Total accumulated other comprehensive income
• Share acquisition rights
• Non-controllinginterests
• Total net assets

Total liabilities and net assets

	(Millions of yen)
As of January 31, 2022	As of January 31, 2023
111,022	124,420
96,635	102,416
219,218	305,503
-	30,000
16,235	71,664
43,021	34,641
207,798	192,236
31,270	36,497
1,385	1,019
3,897	4,906
137,416	141,337
867,903	1,044,643
170,000	20,000
136,556	157,372
59,079	59,535
464	933
864	692
30,733	29,286
14,626	27,525
412,325	295,347
1,280,229	1,339,990
202,591	202,591
258,989	259,864
940,135	1,056,475
(20,975)	(50,656)
1,380,740	1,468,274
41,488	40,449
141	623
47,245	99,689
4,323	23,793
93,199	164,556
186	134
46,832	34,581
1,520,959	1,667,546
2,801,189	3,007,537

Value Report 2023

Contents

Long-Term Vision and

Mechanisms and

Mid-Term Management Plan for

ESG Management

Financial Data, Company

223

SEKISUI HOUSE

Material Issues

Catalysts for Creating Value

Sustainable Growth

G: Governance E: Environment S: Social

Information and Share Information

Consolidated Financial Statements

Consolidated Statement of Income

Consolidated Statement of Comprehensive Income

				(Millions of yen)
			Fiscal year ended	Fiscal year ended
			January 31, 2022	January 31, 2023
Net sales	2,589,579	2,928,835
Cost of sales		2,060,702	2,344,537
Gross profit	528,877	584,297
Selling, general and administrative expenses
	Selling expenses	56,031	54,787
General and administrative expenses		242,684	268,020
Total selling, general and administrative expenses		298,716	322,808
Operating profit	230,160	261,489
Non-operating income
	Interest income	2,604	2,284
	Dividend income	1,904	2,096
	Foreign exchange gains	1,134	-
	Other		3,446	4,526
	Total non-operating income	9,088	8,907
Non-operating expenses
	Interest expenses	3,836	5,317
Share of loss of entities accounted for using equity method	1,238	2,087
	Foreign exchange losses		-	723
	Other		4,080	4,995
	Total non-operating expenses		9,155	13,124
Ordinary profit	230,094	257,272
Extraordinary income
Gain on liquidation of subsidiaries and affiliates	3,088	16,813
Gain on sale of investment securities	1,166	397
Gain on sale of shares of subsidiaries and affiliates		2,246	5
	Total extraordinary income	6,501	17,216
Extraordinary losses
	Impairment losses	539	2,898
Provision of allowance for doubtful accounts		-	1,991
Loss on sale and retirement of non-current assets	1,629	1,759
Loss on sale of investment securities	51	128
Loss on valuation of investment securities	21	-
Loss related to COVID-19		19	-
	Total extraordinary losses		2,261	6,778
Profit before income taxes		234,334	267,710
Income taxes - current	75,789	77,214
Income taxes - deferred		(5,470)	(831)
Total income taxes		70,319	76,383
Profit		164,015	191,327
Profit attributable to non-controlling interests		10,109	6,806
Profit attributable to owners of parent		153,905	184,520

Profit

Other comprehensive income

• Valuation difference on available-for-sale securities
• Foreign currency translation adjustment
• Remeasurements of defined benefit plans, net of tax
• Share of other comprehensive income of entities accounted for   using equity method
• Total other comprehensive income

Comprehensive income

• Comprehensive income attributable to
• Comprehensive income attributable to owners of parent
• Comprehensive income attributable to non-controlling interests

	(Millions of yen)
Fiscal year ended	Fiscal year ended
January 31, 2022	January 31, 2023
164,015	191,327
862	(703)
40,766	44,957
15,103	19,373
4,315	7,976
61,048	71,604
225,063	262,931
215,253	255,876
9,810	7,054

Value Report 2023

Contents

Long-Term Vision and

Mechanisms and

Mid-Term Management Plan for

ESG Management

Financial Data, Company

224

SEKISUI HOUSE

Material Issues

Catalysts for Creating Value

Sustainable Growth

G: Governance E: Environment S: Social

Information and Share Information

Consolidated Financial Statements

Consolidated Statement of Change in Equity

Fiscal year ended January 31, 2022

			Shareholders' equity
				Retained		Total
		Share capital	Capital surplus	Treasury shares	shareholders'
		earnings
					equity
Balance at beginning of year		202,591	258,989	839,985	(6,883)	1,294,682
Cumulative effects of changes in accounting policies		-	-	-	-	-
Restated balance at beginning of year	202,591	258,989	839,985	(6,883)	1,294,682
Changes during year
Dividends of surplus		-	-	(55,608)	-	(55,608)
Profit attributable to owners of parent	-	-	153,905	-	153,905
Purchase of treasury shares		-	-	-	(15,015)	(15,015)
Disposal of treasury shares		-	-	(361)	923	562
Change in scope of consolidation	-	-	2,214	-	2,214
Purchase of shares of consolidated subsidiaries		-	(0)	-	-	(0)
Net changes in items other than shareholders' equity		-	-	-	-	-
Total changes during year	-	(0)	100,149	(14,091)	86,057
Balance at end of year		202,591	258,989	940,135	(20,975)	1,380,740

							(Millions of yen)
	Accumulated other comprehensive income
Valuation	Deferred gains	Foreign currency	Remeasurements	Total accumulated	Share	Non-controlling
acquisition	Total net assets
difference on	or losses on	translation	of defined	other	interests
available-for-sale	comprehensive	rights
hedges	adjustment	benefit plans
securities	income
40,174	(45)	2,355	(10,631)	31,852	508	41,842	1,368,887
-	-	-	-	-	-	-	-
40,174	(45)	2,355	(10,631)	31,852	508	41,842	1,368,887
-	-	-	-	-	-	-	(55,608)
-	-	-	-	-	-	-	153,905
-	-	-	-	-	-	-	(15,015)
-	-	-	-	-	-	-	562
-	-	-	-	-	-	-	2,214
-	-	-	-	-	-	-	(0)
1,314	187	44,890	14,955	61,347	(322)	4,989	66,014
1,314	187	44,890	14,955	61,347	(322)	4,989	152,072
41,488	141	47,245	4,323	93,199	186	46,832	1,520,959

Fiscal year ended January 31, 2023

				Shareholders' equity
				Retained		Total
		Share capital	Capital surplus	Treasury shares	shareholders'
		earnings
					equity
Balance at beginning of year		202,591	258,989	940,135	(20,975)	1,380,740
Cumulative effects of changes in accounting policies	-	-	(1,715)	-	(1,715)
Restated balance at beginning of year		202,591	258,989	938,419	(20,975)	1,379,025
Changes during year
Dividends of surplus	-	-	(66,400)	-	(66,400)
Profit attributable to owners of parent		-	-	184,520	-	184,520
Purchase of treasury shares		-	-	-	(30,014)	(30,014)
Disposal of treasury shares	-	-	(64)	333	269
Change in scope of consolidation		-	-	-	-	-
Purchase of shares of consolidated subsidiaries		-	874	-	-	874
Net changes in items other than shareholders' equity	-	-	-	-	-
Total changes during year		-	874	118,055	(29,680)	89,249
Balance at end of year		202,591	259,864	1,056,475	(50,656)	1,468,274

							(Millions of yen)
	Accumulated other comprehensive income
					Share
Valuation	Deferred gains	Foreign currency	Remeasurements	Total accumulated	Non-controlling
acquisition	Total net assets
difference on	or losses on	translation	of defined	other	interests
available-for-sale	comprehensive	rights
hedges	adjustment	benefit plans
securities	income
41,488	141	47,245	4,323	93,199	186	46,832	1,520,959
-	-	-	-	-	-	-	(1,715)
41,488	141	47,245	4,323	93,199	186	46,832	1,519,243
-	-	-	-	-	-	-	(66,400)
-	-	-	-	-	-	-	184,520
-	-	-	-	-	-	-	(30,014)
-	-	-	-	-	-	-	269
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	874
(1,039)	481	52,443	19,470	71,356	(52)	(12,250)	59,053
(1,039)	481	52,443	19,470	71,356	(52)	(12,250)	148,302
40,449	623	99,689	23,793	164,556	134	34,581	1,667,546

Value Report 2023

Contents

Long-Term Vision and

Mechanisms and

Mid-Term Management Plan for

ESG Management

Financial Data, Company

225

SEKISUI HOUSE

Material Issues

Catalysts for Creating Value

Sustainable Growth

G: Governance E: Environment S: Social

Information and Share Information

Consolidated Financial Statements

Consolidated Statement of Cash Flows

				(Millions of yen)
			Fiscal year ended	Fiscal year ended
			January 31, 2022	January 31, 2023
Cash flows from operating activities
	Profit before income taxes	234,334	267,710
	Depreciation	24,069	26,711
	Impairment losses	539	2,898
	Increase (decrease) in retirement benefit liability	3,382	980
	(Increase) decrease in retirement benefit asset	158	112
	Interest and dividend income	(4,508)	(4,380)
	Interest expenses	3,836	5,317
	Share of (profit) loss of entities accounted for using equity method	1,238	2,087
	(Gain) loss on sale of investment securities	(1,114)	(269)
	(Gain) loss on valuation of investment securities	21	-
	(Gain) loss on liquidation of subsidiaries and affiliates	(3,088)	(16,813)
	(Gain) loss on sale of shares of subsidiaries and affiliates	(2,246)	(5)
	Provision of allowance for doubtful accounts	-	1,991
	(Increase) decrease in trade receivables	13,462	(24,158)
	(Increase) decrease in inventories	(85,515)	(38,493)
	Increase (decrease) in trade payables	17,640	8,276
Increase (decrease) in advances received on construction contracts	(7,059)	(20,526)
	in progress
	Other, net	(16,001)	3,887
	Subtotal	179,149	215,326
	Interest and dividends received	8,151	11,437
	Interest paid	(4,530)	(6,812)
	Income taxes paid	(64,735)	(94,487)
	Net cash provided by (used in) operating activities	118,034	125,464

				(Millions of yen)
			Fiscal year ended	Fiscal year ended
			January 31, 2022	January 31, 2023
Cash flows from investing activities
Purchase of property, plant and equipment	(82,951)	(92,162)
Proceeds from sale of property, plant and equipment	727	2,843
Purchase of investment securities	(11,487)	(5,163)
Proceeds from sale and redemption of investment securities	3,670	3,010
Purchase of shares of subsidiaries resulting in change in
	scope of consolidation	(35,701)	(69,595)
Proceeds from sale of shares of subsidiaries resulting in
change in scope of consolidation	87	-
	Loan advances	(2,187)	(753)
Proceeds from collection of loans receivable	11,669	1,014
	Other, net	2,467	(4,604)
Net cash provided by (used in) investing activities	(113,706)	(165,409)
Cash flows from financing activities
Net increase (decrease) in short-term borrowings	33,219	37,357
Proceeds from long-term borrowings	26,748	66,291
Repayments of long-term borrowings	(64,168)	(21,768)
	Redemption of bonds	(30,000)	(120,000)
	Dividends paid	(55,608)	(66,400)
Purchase of treasury shares	(15,015)	(30,014)
Purchase of shares of subsidiaries not resulting in change in
	scope of consolidation	(0)	(15,956)
	Other, net	(6,876)	(5,288)
Net cash provided by (used in) financing activities	(111,701)	(155,780)
Effect of exchange rate change on cash and cash equivalents	20,124	13,298
Net increase (decrease) in cash and cash equivalents	(87,248)	(182,426)
Cash and cash equivalents at beginning of year	600,234	515,174
Increase (decrease) in cash and cash equivalents resulting from
change in scope of consolidation	2,188	-
Cash and cash equivalents at end of year	515,174	332,747