TOSEI CORPORATION HEART INTO THE CITY
Financial Results For the First Six Months （Ended May 31, 2017）
Tosei CorporationTokyo Stock Exchange, First Section Code：8923
Singapore Exchange, Mainboard Code：S2D
Ⅰ . O v e r v i e w o f R e s u l t s f o r t h e F i r s t S i x M o n t h s Ended May 31, 2017
－ P. 2
Ⅱ . Tosei's View of the Business Development in FY2017
－ P.18
Ⅲ. Reference Materials for the first time visitors to Tosei
－ P.32
＜ Separate volume＞ Real Estate Market Conditions
Copyright © 2017 TOSEI CORPORATION, All Rights Reserved.
Ⅰ ． Overview of Results for the First Six Months Ended May 31, 2017
Copyright © 2017 TOSEI CORPORATION, All Rights Reserved. 2
FY2017 First Six Months / Full Year Forecasts - Highlights-Revenue ¥26.3billion (down 14.0 % yr/yr), Operating profit ¥6.2 billion (down 18.7%yr/yr) and Profit for the period ¥3.9 billion (down 17.1% yr/yr).
49,818
43,006
10,679
(42,909)
15,380
8,484
17,128
26,360
5,284
11,682
10,817
13,527
14,677
11,525
In the first six months ended 31 May, 2016 sales of two income-generating commercial facilities led the profit. For that reason, profit for the first six months ended 31 May, 2017 decreased year on year. However, we have already reached 66% of the full year forecast due to the sales of income- generating offices in the revitalization business was favorable.
【 Revenue 】 【Operating profit】 【Profit before Tax】
(¥ million)
70,000
1Q 2Q 3Q 4Q
69,268
(¥ million) (¥ million)
9,001 | ||||||
8,450 | ||||||
247 963 | ||||||
6,040 | (3,145) 5,857 | |||||
3,326 | ||||||
1,298 | 2,198 | |||||
572 | ||||||
1,980 | 3,914 | |||||
3,658 | ||||||
2,190 | ||||||
10,000
10,008 | |||||
9,279 | |||||
456 1,148 | (3,767) | ||||
6,891 | |||||
3,548 | |||||
1,570 | 6,241 | ||||
2,413 | |||||
771 | |||||
2,185 | |||||
4,127 | 3,828 | ||||
2,365 | |||||
11,000
60,000
50,000
40,000
30,000
20,000
10,000
0
(¥ million)
2015.11月期 2016.11月期 2017.11月期
（予想）
FY2015 FY2016 FY2017
（Forecast)
10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
2015.11月期 2016.11月期 2017.11月期
（予想）
0
FY2015 FY2016 FY2017
（Forecast)
8,000
6,000
4,000
2,000
0
2015.11月期 2016.11月期 2017.11月期
（予想）
FY2015 FY2016 FY2017
（Forecast)
70,000
＜ Segment Revenue＞ ※
information for the previous fiscal year (FY2015) are recalculated in 12,000 accordance with the new reportable segment classifications. | 9,279 | 8,000 | |
49,818 10,000 | 7,000 | ||
* We have abolished the Alternative Investment Business segment from the fiscal year ended November 30, 2016. For comparison, segment
＜ Segment Operating Profit＞ ※
(¥ million) (¥million)
【Profit for the period】
60,000
50,000
Revitalization
ROE
12.0%
14.4%
（予想）
（Forecast)
13.7%
16%
14%
40,000
43,006
25,809
Development
Rental 8,000
Fund and Consulting
Property Management
6,891
4,001
6,241
6,000
5,000
4,135
5,926
5,547
168
636(1,995)
12%
10%
30,000
25,986
26,360
Other
6,000
4,174
4,000
3,931 8%
20,000
13,138
17,948
Internal Transactions
4,000
534
3,674
4,800
3,000
1,087
395
2,132
1,431 6%
10,000
6,605
4,2625,324
2,444 2,329
2,000
2,144(Development) 3,010(Rental)
1,797 2,389
1,464
1,303
2,000
1,000
1,263
1,390
4%
2,611 2,5002%
3,574
694
4,0051,661(Fund)
2,212(PM)
0 146
178
951 915
141 134 (R)
(O)
-10,000
-559 | -1,131 | -616 | -1,404 | -1,860 | (O) | -692 -21 | 9(D) FY2015 | FY2016 | FY2017 |
FY2015 | FY2016 | 2Q FY2017 | FY2015 | FY2016 | 2Q FY201 | （Forecast) |
0 341 0
(Other)
-2,000
(O)
2015.11月期 2016.11月期 2017.11月期
（予想）
-17 1 0 0%
7Copyright © 2017 TOSEI CORPORATION, All Rights Reserved.
3
Overview of Consolidated Financial Results for Six Months Ended May 31, 2017(¥ million)
Six months ended May 31, 2016【A】 | Six months ended May 31, 2017【B】 | yr/yr change 【B】-【A】 | ||||||
% | % | % | ||||||
Revenue | 30,655 | 100.0 | 26,360 | 100.0 | -4,295 | -14.0 | ||
Cost of revenue | 18,907 | 61.7 | 16,858 | 64.0 | -2,048 | -10.8 | ||
Gross profit | 11,748 | 38.3 | 9,501 | 36.0 | -2,246 | -19.1 | ||
Selling, general and administrative expenses | 3,983 | 13.0 | 3,402 | 12.9 | -580 | -14.6 | ||
Expenses related to property marketing activities | 1,405 | 4.6 | 787 | 3.0 | -617 | -44.0 | ||
Selling, general and administrative expenses (net of expenses related to property marketing activities) | 2,577 | 8.4 | 2,614 | 9.9 | 36 | 1.4 | ||
Other income | 134 | 0.4 | 160 | 0.6 | 25 | 18.8 | ||
Other expenses | 224 | 0.7 | 17 | 0.1 | -207 | -92.2 | ||
Operating profit | 7,675 | 25.0 | 6,241 | 23.7 | -1,433 | -18.7 | ||
Finance income/costs (net) | -434 | - | -384 | - | 50 | -11.6 | ||
Profit before tax | 7,240 | 23.6 | 5,857 | 22.2 | -1,382 | -19.1 | ||
Income tax expense | 2,496 | - | 1,925 | - | -570 | -22.9 | ||
Profit for the period | 4,743 | 15.5 | 3,931 | 14.9 | -812 | -17.1 | ||
Comprehensive income for the period | 4,728 | 15.4 | 3,938 | 14.9 | -790 | -16.7 | ||
EPS（） | 98.25 | 81.43 | -16.82 | -17.1 | ||||
Copyright © 2017 TOSEI CORPORATION, All Rights Reserved. 4
TOSEI Corporation published this content on 25 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 July 2017 14:43:01 UTC.
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