Sekisui House : Third Quarter of FY2022 Financial Results Summary

Third Quarter of FY2022

(February 1, 2022 through October 31, 2022)

1. • Summary of Consolidated Financial Results -
2. Overview
3. Financial Position
4. State of Cash Flows, State of Investment
5. Segment Information

Built-to-Order Business

Supplied Housing Business

Development Business

Overseas Business

〈Reference〉

Full-Year Plan for FY2022

December 8, 2022

1

1. Overview

• Both net sales and profit were substantially higher than the previous record for the third quarter.
• Amid a challenging economic environment, business proceeded as planned for the final year of the 5th Mid-Term Management Plan.

				(¥ billion)
	FY2021	FY2022	Amount	YOY
	(21/2-21/10)	(22/2-22/10)	changed
Net sales	1,844.8	2,130.0	285.2	15.5%
Gross profit	383.6	438.2	54.5	14.2%
Gross margin	20.8%	20.6%	(0.2p)	－
SG&A	215.4	235.7	20.2	9.4%
Operating income	168.2	202.4	34.2	20.4%
Operating margin	9.1%	9.5%	0.4p	－
Non-operating income/expenses	0.4	0.1	(0.2)	(69.6%)
Ordinary income	168.6	202.6	33.9	20.1%
Extraordinary income	6.0	16.8	10.7	177.3%
Extraordinary loss	1.1	3.0	1.9	170.2%
Profit attributable to	115.8	149.8	33.9	29.3%
owners of parent
EPS(yen)	171.06	224.05

Main components of non-operating income (expenses)

・Foreign exchange gain (loss): ¥2.9 billion (up ¥1.7 billion YOY)

・Equity in earnings (losses) of affiliates: ¥(1.7) billion (down ¥0.9 billion YOY)

Loss on revaluation of investment in U.K.-based Urban Splash House Holdings and other factors

Main components of extraordinary income

・Gain on liquidation of subsidiaries and associates in China: ¥16.8 billion

Main components of extraordinary loss

・Provision of allowance for doubtful accounts: ¥1.9 billion

Losses related to loans to U.K.- based Urban Splash House Holdings due to that company's

liquidation proceedings

2

1. Overview by Business model

Net sales

Operating income

(¥ billion)

Orders

	2,130.0
1,844.8	350.4	＋107.4
242.9	347.9	＋74.4
273.4
549.1	581.4	＋32.3
725.6	792.7	＋67.1
FY2021	FY2022
(21/2-21/10)	(22/2-22/10)

		202.4
	168.2				＋27.1
		61.1
	34.0
			40.1		＋11.2
	28.8
					＋0.6
	56.7		57.4
					(2.8)
	83.5		80.7
	FY2021		FY2022
	(21/2-21/10)	(22/2-22/10)

	1,978.5	2,157.3
		374.4		＋101.2
	273.2
			347.1		＋51.8
	295.3
					＋32.3
	558.3		590.7
					(7.3)
	793.9		786.5
	FY2021		FY2022
	(21/2-21/10)	(22/2-22/10)

■ Built-to-Order Business	■ Supplied Housing Business	■ Built-to-Order Business	■ Supplied Housing Business
		■ Development Business	■ Overseas Business
■ Development Business	■ Overseas Business

■ Built-to-Order Business ■ Supplied Housing Business

■ Development Business ■ Overseas Business

3

2. Financial Position

Consolidated Balance Sheets

Assets

3,078.8

2,801.1	[Main changes]

＋309.1

Real estate for sale increased.

2,151.2 （including the impact of

1,952.7exchange rate fluctuations of ¥187.3 billion）

848.4927.6

Liabilities and net assets	(¥ billion)
2,801.1	3,078.8
867.9	1,101.1
412.3	296.4
	[Main changes]
	1,681.2	＋102.1
1,520.9	Translation adjustments
		increased.

FY2021	FY2022 3Q	FY2021	FY2022 3Q
(Jan. 31, 2022)	(Oct. 31, 2022)
(Jan. 31,2022)	(Oct.31, 2022)
■ Total current assets	■ Total noncurrent assets	■ Total current liabilities	■ Total long-term liabilities
		■ Total net assets

Real estate for sale by segment		(¥ billion)		State of Interest-bearing Debts
		FY2021	FY2022 3Q	Amount			FY2021	FY2022 3Q	Amount
		(Jan. 31, 2022)	(Oct. 31, 2022)	changed			(Jan. 31, 2022)	(Oct. 31, 2022)	changed
	Real estate for sale *	1,176.6	1,485.7	309.1		Interest-bearing debts (¥billion)	549.8	686.4	136.6
	Houses for sale	152.1	190.7	38.5		D/E ratio	37.3%	42.2%	4.9p
	Condominiums	207.6	213.3	5.6		Equity ratio	52.6%	52.9%	0.3p
	Urban redevelopment	68.8	31.5	(37.2)
	Overseas	748.0	1,050.1	302.1
							4
* Total of Buildings for sale, Land for sale in lots, and Undeveloped land for sale.