HASEKO CORPORATION Note: This document is a translation of the Japanese original. The Japanese original has been disclosed in Japan in accordance with Japanese accounting standards and the Financial Instruments and Exchange Act. This document does not contain or constitute any guarantee and the Company will not compensate any losses and/or damage stemming from actions taken based on this document. In the case that there is any discrepancy between the Japanese original and this document, the Japanese original is assumed to be correct.
Consolidated Financial Results for the Three Months Ended June 30, 2022
[Japanese GAAP]
August 10, 2022 | |
Company name: HASEKO Corporation | Stock exchange listing: Tokyo Stock Exchange, Prime 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 Three Months Ended June 30, 2022 (April 01, 2022 to June 30, 2022)
(1) Consolidated Operating Results
Net sales | Operating income | Ordinary income | Net income attributable | ||||||||||||||||||||||
to owners of parent | |||||||||||||||||||||||||
Three months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||||||||||||
June 30, 2022 | 234,088 | 9.5 | 19,952 | (2.2) | 19,986 | (6.3) | 13,318 | (9.3) | |||||||||||||||||
June 30, 2021 | 213,720 | 24.3 | 20,395 | 69.6 | 21,331 | 95.4 | 14,675 | 94.5 | |||||||||||||||||
(Note) Comprehensive income: | Three months ended June 30, 2022: | ¥ | 17,384 million | [ | (1.8)%] | ||||||||||||||||||||
Three months ended June 30, 2021: | ¥ | 17,706 million | [ | 106.1 %] | |||||||||||||||||||||
Net income | Diluted net income | ||||||||||||||||||||||||
per share | per share | ||||||||||||||||||||||||
Three months ended | Yen | Yen | |||||||||||||||||||||||
June 30, 2022 | 48.47 | - | |||||||||||||||||||||||
June 30, 2021 | 53.34 | - | |||||||||||||||||||||||
(2) Consolidated Financial Position | |||||||||||||||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||||||||||||||
As of | Million yen | Million yen | % | ||||||||||||||||||||||
June 30, 2022 | 1,022,447 | 422,792 | 41.4 | ||||||||||||||||||||||
March 31, 2022 | 1,081,907 | 417,667 | 38.6 | ||||||||||||||||||||||
(Reference) Shareholder's equity: As of June 30, 2022: | ¥ | 422,787 million | |||||||||||||||||||||||
As of March 31, 2022: | ¥ | 417,662 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, 2022 | - | 35.00 | - | 45.00 | 80.00 | ||||||||||||||||||||
Fiscal year ending March 31, 2023 | - | ||||||||||||||||||||||||
Fiscal year ending March 31, 2023 | 40.00 | - | 40.00 | 80.00 | |||||||||||||||||||||
(Forecast) | |||||||||||||||||||||||||
(Note) Revision to the forecast for dividends announced most recently: | No |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)
(% indicates changes from the previous corresponding period.)
Net income | Net income | |||||||||
Net sales | Operating income | Ordinary income | attributable to | |||||||
per share | ||||||||||
owners of parent | ||||||||||
Six months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |
450,000 | 8.5 | 34,500 | (16.7) | 33,000 | (19.4) | 22,000 | (22.2) | 80.05 | ||
September 30, 2022 | ||||||||||
Full year | 960,000 | 5.5 | 87,000 | 5.2 | 85,000 | 3.8 | 57,000 | 4.6 | 207.41 | |
(Note) Revision to the financial results forecast announced most recently: | No |
* Notes: | ||
(1) Changes in significant subsidiaries during the three months ended June 30, 2022 | ||
(changes in specified subsidiaries resulting in changes in scope of consolidation): | No | |
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: | No |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: Yes
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common stocks)
- Total number of issued shares at the end of the period (including treasury stocks):
June 30, 2022: | 300,794,397 | shares |
March 31, 2022: | 300,794,397 | shares |
2) Total number of treasury shares at the end of the period: | ||
June 30, 2022: | 25,980,025 | shares |
March 31, 2022: | 26,148,175 | shares |
3) Average number of shares during the period: | ||
Three months ended June 30, 2022: | 274,769,997 | shares |
Three months ended June 30, 2021: | 275,121,980 | 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. For details of assumptions for financial forecasts and other related matters, please refer to "1. Qualitative Information on Quarterly Financial Results (3) Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking information" on page 3 of the Attachment.
Supplementary materials for this report and results briefing materials can be found on the Company's website.
Table of contents of appendix | ||
1.Qualitative Information on Quarterly Financial Results | 2 | |
(1) | Explanation of Results of Operation | 2 |
(2) | Explanation of Financial Position | 3 |
(3) | Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking information | 3 |
2.Quarterly Consolidated Financial Statements and Principal Notes | 4 | |
(1) | Quarterly Consolidated Balance Sheets | 4 |
(2) | Quarterly Consolidated Statements of Income and Comprehensive Income | 6 |
(Quarterly Consolidated Statements of Income) | 6 | |
(Quarterly Consolidated Statements of Comprehensive Income) | 8 | |
(3) | Notes to Quarterly Consolidated Financial Statements | 9 |
(Notes to Going Concern Assumption) | 9 | |
(Notes to Significant Changes in the Amount of Shareholders' Equity) | 9 | |
(Changes in Accounting Policies) | 9 | |
(Segment Information) | 10 | |
3.Non-consolidated Orders Received | 11 |
1
1.Qualitative Information on Quarterly Financial Results
(1) Explanation of Results of Operation
For the three months ended on June 30, 2022, Net sales were 234.1 billion yen, up by 9.5% compared with the same period of the previous fiscal year because an increase in a transaction volume of real estate for the purpose of receiving construction orders by the Company.
Operating income was 20.0 billion yen, down by 2.2% compared with the same period of the previous fiscal year due to a decrease in the gross profit of completed construction contracts associated with a decrease in the sales of completed construction contracts and an increase in selling, general and administrative expenses.
Ordinary income was 20.0 billion yen, down by 6.3% compared with the same period of the previous fiscal year, and net income attributable to owners of parents was 13.3 billion yen, down by 9.3% compared with the same period of the previous fiscal year.
Operating results by reportable segment are as follow:
Billions | of yen | |||||||
Construction-related | Real estate-related | Service-related | Overseas-related | |||||
business | business | business | business | |||||
Net Sales | 173.1 | (+24.5) | 30.0 | (+0.9) | 48.3 | (+4.5) | 0.0 | (+0.0) |
Segment income | 15.5 | (+0.4) | 5.8 | (+0.6) | 1.5 | (+0.5) | -0.7 | (-0.1) |
Figures in parentheses show the amount of increase or decrease from the same period of the previous fiscal year
(Construction-related business)
For construction works, projects owners have had high regard for the Company's ability in gathering land information as well as product planning, its attitude regarding construction quality and maintaining construction schedules, efficient production system, and such. Meanwhile, the gross profit margin of completed construction contracts lowered due to worsened construction profitability upon receiving orders and higher costs of material and labor, among other factors.
In terms of orders for new construction of for-sale condominiums, the Company won orders for 9 projects in the Tokyo metropolitan area including 2 large projects of at least 200 units. In addition, aside from construction of for-sale condominiums, the Company received orders for 3 projects for rental housing. As for construction completion, the Company completed construction of 10 projects including 2 projects for non-residential.
The segment posted sales of 173.1 billion yen, up by 16.5% compared with the same period of the previous fiscal year because an increase in a transaction volume of real estate for the purpose of receiving construction orders by the Company. Operating income was 15.5 billion yen, up by 2.6% compared with the same period of the previous fiscal year because of an increase in the gross profit of real estate sales, despite a decrease in the gross profit of completed construction contracts due to a decrease in the sales.
(Real estate-related Business)
The segment posted sales of 30.0 billion yen, up by 2.9% compared with the same period of the previous fiscal year, and operating income of 5.8 billion yen, up by 10.5% compared with the same period of the previous fiscal year, as an increase in a transaction volume of other real estate despite a decrease of supply new for-sale condominiums by consolidated companies.
(Service-related Business)
The volume of repair work in large-scale repair work and interior remodeling, the number of sold units in the renovation business and the volume of construction work in common areas and exclusive areas in for-sale condominium management operations increased. Meanwhile, the number of units to be delivered in consigned sales of newly built condominiums decreased.
The segment posted sales of 48.3 billion yen, up by 10.4% compared with the same period of the previous fiscal year, and operating income of 1.5 billion yen, up by 53.6% compared with the same period of the previous fiscal year.
2
(Overseas-related business)
New for-sale detached housing business and developing a commercial facility were in progress in Oahu, Hawaii.
The segment posted sales of 0.0 billion yen (the sales of 0.0 billion yen in the same period of the previous fiscal year) and operating loss of 0.7 billion yen (the operating loss of 0.6 billion yen in the same period of the previous fiscal year).
(2) Explanation of Financial Position
Total assets as of June 30, 2022 decreased by 59.5 billion yen from the end of the previous fiscal year to 1,022.4 billion yen. This is mainly due to a decrease of cash and bank deposits due to the payment of income taxes and dividend.
Total liabilities were 599.7 billion yen, a decrease of 64.6 billion yen from the end of the previous fiscal year. This is mainly due to decreases in income taxes payable and accounts payable.
Net assets were 422.8 billion yen, an increase of 5.1 billion yen from the end of the previous fiscal year. This is mainly due to the recording of net income attributable to owners of parents.
- Explanation of Forecast of Consolidated Financial Results and Other Forward- Looking Information There is no change in the forecast announced on May 12th, 2022.
3
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Haseko Corporation published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 06:34:04 UTC.
