Note: This financial information is a translation of a part of the original Japanese financial statements which are filed with Tokyo Stock Exchange on November 11, 2021. The translation is for reference purposes only. If and when there are any discrepancies between the original announcement and this English translation, the original announcement shall prevail.

Consolidated Financial Results for the Six Months Ended September 30, 2021

[Japanese GAAP]

November 11, 2021

Company name: HASEKO Corporation

Stock exchange listing: Tokyo Stock Exchange,1st section

Code number: 1808

URL: https://www.haseko.co.jp/hc/

(Amounts are rounded to the nearest million yen)

1. Consolidated Financial Results for the Six Months Ended September 30, 2021 (April 01, 2021 to September 30, 2021)

(1) Consolidated Operating Results

(% indicates changes from the previous corresponding period.)

Net sales

Operating income

Ordinary income

Net income attributable

to owners of parent

Six months ended

Million yen

%

Million yen

%

Million yen

%

Million yen

%

September 30, 2021

414,824

12.1

41,424

33.9

40,945

36.3

28,285

37.7

September 30, 2020

369,912

(10.7)

30,940

(29.1)

30,039

(30.9)

20,539

(31.9)

(Note) Comprehensive income:

Six months ended September 30, 2021:

¥

32,085 million

[

43.3%]

Six months ended September 30, 2020:

¥

22,388 million

[

(20.6) %]

Net income

Diluted net income

per share

per share

Six months ended

Yen

Yen

September 30, 2021

102.90

-

September 30, 2020

70.94

-

(2) Consolidated Financial Position

Total assets

Net assets

Equity ratio

As of

Million yen

Million yen

%

September 30, 2021

1,000,840

401,513

40.1

March 31, 2021

953,659

394,365

41.4

(Reference) Shareholder's equity: As of September 30, 2021:

¥ 401,508 million

As of March 31, 2021:

¥ 394,359 million

2. Dividends

Annual dividends

1st

2nd

3rd

Year-end

Total

quarter-end

quarter-end

quarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2021

-

35.00

-

35.00

70.00

Fiscal year ending March 31, 2022

-

35.00

Fiscal year ending March 31, 2022

-

35.00

70.00

(Forecast)

(Note) Revision to the forecast for dividends announced most recently:

No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022(April 01, 2021 to March 31, 2022)

(% indicates changes from the previous corresponding period.)

Net income

Net income

Net sales

Operating income

Ordinary income

attributable to

per share

owners of parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

Full year

850,000

5.0

78,000

7.0

75,000

4.4

51,000

5.7

185.69

(Note) Revision to the financial results forecast announced most recently:

No

* Notes:

(1) Changes in significant subsidiaries during the six months ended September 30, 2021

No

(changes in specified subsidiaries resulting in changes in scope of consolidation):

(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:

No

  1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
    1. Changes in accounting policies due to the revision of accounting standards: Yes
    2. Changes in accounting policies other than 1) above: No
    3. Changes in accounting estimates: No
    4. Retrospective restatement: No
  3. Total number of issued shares (common stocks)
    1. Total number of issued shares at the end of the period (including treasury stocks):

September 30, 2021:

300,794,397

Shares

March 31, 2021:

300,794,397

Shares

2) Total number of treasury shares at the end of the period:

September 30, 2021:

26,146,529

shares

March 31, 2021:

24,231,920

shares

3) Average number of shares during the period:

Six months ended September 30, 2021:

274,882,627

shares

Six months ended September 30, 2020:

289,542,991

shares

(Note) The number of treasury stocks above includes shares held as the trust assets for the Board Benefit Trust (BBT) and the Employee Stock Ownership Plan (ESOP).

Shares of the Company's own stock held in BBT and ESOP trust accounts are included in treasury stock subtracted from the calculation of the average number of shares during the period.

This report is not subject to audit procedures by certified public accountants or audit firms.

Explanation regarding appropriate use of forecasts, and other specific comments

The forecasts contained herein are based on information available as of the date of this announcement, and the actual results may differ materially from forecasts due to various factors.

Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

(Million yen)

As of March 31,2021

As of September 30,2021

Assets

Current assets

Cash and bank deposits

216,107

238,839

Notes and accounts receivable, trade

132,346

133,947

Marketable securities

516

555

Costs on uncompleted construction contracts

10,774

12,748

Real estate for sale

166,708

183,649

Costs and advances for real estate operations

113,272

131,902

Real estate for development projects

25,723

28,550

Other

24,175

15,177

Allowance for doubtful accounts

(94)

(99)

Total current assets

689,527

745,268

Fixed assets

Property and equipment

Buildings and structures

82,382

74,131

Machinery, vehicles, equipment and furniture

9,707

9,710

Land

100,156

92,859

Leased assets

1,274

1,209

Construction in progress

9,105

14,100

Accumulated depreciation

(29,615)

(29,962)

Total property and equipment

173,010

162,046

Intangible assets

Land leasehold rights

1,876

1,875

Goodwill

2,590

2,489

Other

5,392

5,536

Total intangible assets

9,858

9,899

Investments and other assets

Investment securities

40,880

40,944

Long-term loans receivable

3,077

3,445

Net defined benefit asset

18,458

19,289

Deferred tax assets

5,803

7,201

Other

13,839

13,541

Allowance for doubtful accounts

(793)

(792)

Total investments and other assets

81,264

83,627

Total fixed assets

264,132

255,572

Total assets

953,659

1,000,840

1

(Million yen)

As of March 31,2021

As of September 30,2021

Liabilities

Current liabilities

Notes and accounts payable

Electronically recorded obligations

Current portion of long-term debt

Income taxes payable

Advances received on uncompleted construction contracts

Advances received for real estate sales

Warranty

Allowance for losses on construction contracts Accrued bonuses for employees

Accrued bonuses for director

Other

Total current liabilities

Long-term liabilities

Straight bonds

Long-term debt

Provision for loss on litigation

Provision for employee stock ownership plan Provision for board benefit trust

Liability for retirement benefit

Deferred tax liabilities

Other

Total long-term liabilities

Total liabilities

Net assets

Shareholders' equity

Capital stock

Capital surplus

Retained earnings

Treasury stock

Total shareholders' equity

Accumulated other comprehensive income Net unrealized gain(loss) on other securities Translation adjustment

Retirement benefits liability adjustments

87,095

73,718

54,899

48,156

5,971

5,921

15,397

7,964

17,636

23,408

22,349

25,918

4,303

4,112

151

247

4,797

4,426

127

-

59,238

60,527

271,963

254,396

90,000

90,000

171,981

221,345

2,245

2,412

2,787

3,051

347

373

1,361

1,413

22

22

18,589

26,314

287,331

344,931

559,294

599,327

57,500

57,500

7,373

7,373

369,335

375,660

(31,353)

(34,330)

402,855

406,203

4,254

4,459

(7,320)

(4,112)

(5,429)

(5,042)

Total accumulated other comprehensive income

(8,495)

(4,695)

Non-controlling interests

5

5

Total net assets

394,365

401,513

Total liabilities and net assets

953,659

1,000,840

2

Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statements of Income (For the six months)

(Million yen)

For the six months

For the six months

ended September 30,2020

ended September 30,2021

Net sales

Construction contracts

229,128

227,987

Design and supervision

3,478

3,370

Leasing and management

41,539

41,263

Real estate sale

87,399

133,407

Others

8,368

8,797

Total net sales

369,912

414,824

Cost of sales

Construction contracts

189,599

187,781

Design and supervision

1,837

1,883

Leasing and management

32,289

31,789

Real estate sale

78,199

113,063

Others

7,189

7,255

Total cost of sales

309,113

341,771

Gross profit

Construction contracts

39,528

40,206

Design and supervision

1,641

1,487

Leasing and management

9,250

9,474

Real estate sale

9,200

20,344

Others

1,180

1,542

Total gross profit

60,799

73,053

Selling, general and administrative expenses

29,860

31,630

Operating income

30,940

41,424

Non-operating income

Interest income

56

43

Dividend income

277

999

Other

1,068

614

Total non-operating income

1,401

1,656

Non-operating expenses

Interest expenses

616

803

Equity in losses of affiliates

0

1

Incidental expenses for loan

1,317

1,294

Other

369

36

Total non-operating expenses

2,302

2,134

Ordinary income

30,039

40,945

3

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Haseko Corporation published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 06:26:19 UTC.