Summary of Financial Statements

- For the nine months ended December 31, 2021 -

February 2022

― Contents ―

1.

Summary of Consolidated Income Statements

・・・ P.1

2.

Summary of Non-consolidated Income Statements

・・・ P.2

3.

Summary of Consolidated Balance Sheets

・・・ P.3 - P.4

4.

Orders Received (Non-consolidated)

・・・ P.5 - P.6

5.

Key indicators of For-sale Condominiums business

・・・ P.7

6.

Operational Benchmarks of Service-Related Business

・・・ P.8

7.

Principal Consolidated Companies

・・・ P.9

8.

Six Years Summary

・・・ P.10

Summary of Financial Results & Topics

  • In the consolidated financial results for the 3rd quarter of the fiscal year ending March 31, 2022, Net sales increased 13.1% year-on-year to 626.1 billion yen, Ordinary income increased 33.3% year-on-year to 61.0 billion yen, and Net Income attributable to owners of parent increased 34.5% year-on-year to 41.8 billion yen, which was going well against the full- year forecast.
  • Orders received (non-consolidated) decreased by 8.3 billion yen year-on-year to 212.0 billion yen. Although the progress rate toward the full-year forecast of 470.0 billion yen was only 45.1%, Orders received for the current fiscal year are expected heavily weighted in the 4th quarter and the progress is in line with initial forecast.
  • Haseko Group established "Haseko Residential Private Investment Corporation" and started operating the private REIT in February 2022.
  • Haseko Group has instituted the Haseko Group's Climate Change Response Policy "HASEKO ZERO-Emission"to achieve carbon neutrality by 2050. ( https://www.haseko.co.jp/hc/english/csr/environment/climate.html)
  • Haseko Group has instituted the Haseko Group's Human Rights Policy to clarify the concept to respect for human rights and to deepen efforts to respect human rights. ( https://www.haseko.co.jp/hc/english/csr/pdf/human_rights.pdf)

1. Summary of Consolidated Income Statements

P.1

Billions of yen

March 2021

March 2022

Change

March 2021

March 2022 Forecast

1Q-3Q

1Q-3Q

Amount

%

Result

Annual

Change

Progress

< A >

< B >

< B - A >

< C >

< D >

< D - C >

Net sales

553.7

626.1

72.4

13.1%

809.4

850.0

40.6

73.7%

Construction contracts

346.8

350.3

3.5

1.0%

479.2

489.0

9.8

71.6%

Design and supervision

4.9

5.2

0.3

6.1%

9.9

10.0

0.1

51.6%

Leasing and management

62.9

61.7

(1.2)

( 2.0%)

86.3

84.5

(1.8)

73.0%

Real estate sale

126.5

195.7

69.1

54.6%

217.1

249.5

32.4

78.4%

Others

12.6

13.2

0.6

5.1%

16.9

17.0

0.1

77.7%

Gross profit

92.4

109.4

17.0

18.4%

136.2

143.5

7.3

76.2%

Construction contracts

59.6

61.8

2.2

3.7%

81.4

83.0

1.6

74.4%

[Profit ratio of construction contracts]

[ 17.2%]

[ 17.6%]

[0.4p]

[ 17.0%]

[ 17.0%]

( -p)

Design and supervision

2.2

2.5

0.2

10.5%

4.5

4.5

0.0

54.9%

Leasing and management

14.0

13.9

(0.1)

( 0.4%)

19.3

19.0

(0.3)

73.4%

Real estate sale

14.9

29.0

14.1

94.3%

29.0

35.0

6.0

83.0%

Others

1.6

2.2

0.5

32.5%

2.0

2.0

0.0

109.2%

Selling, general and administrative expense

45.8

47.9

2.2

4.7%

63.3

65.5

2.2

73.2%

Operating income

46.6

61.5

14.8

31.8%

72.9

78.0

5.1

78.8%

[Operating income ratio]

[ 8.4%]

[ 9.8%]

[1.4p]

[ 9.0%]

[ 9.2%]

[0.2p]

Financial income (expenses)

(2.3)

(1.4)

0.9

(2.7)

(3.7)

(1.0)

Others, net

1.4

0.9

(0.5)

1.7

0.7

(1.0)

Ordinary income

45.7

61.0

15.2

33.3%

71.8

75.0

3.2

81.3%

[Ordinary income ratio]

[ 8.3%]

[ 9.7%]

[1.4p]

[ 8.9%]

[ 8.8%]

[(0.1p)]

Special income (losses), net

(0.1)

0.2

0.3

(1.0)

-

1.0

Income before income taxes

45.7

61.2

15.5

34.0%

70.9

75.0

4.1

81.5%

Current tax

12.7

15.0

2.4

23.0

24.0

Deferred tax

1.9

4.3

2.4

(0.4)

1.4

Net income attributable to non-controlling interests

(0.0)

(0.0)

(0.0)

(0.0)

Net Income attributable to owners of parent

31.1

41.8

10.7

34.5%

48.3

51.0

2.7

82.0%

Depreciation and amortization, excluding goodwill-amortization

3.8

4.3

0.5

13.5%

2. Summary of Non-Consolidated Income Statements

P.2

Billions of yen

March 2021

March 2022

Change

March 2021

March 2022 Forecast

1Q-3Q

1Q-3Q

Amount

%

Result

Annual

Change

Progress

< A >

< B >

< B - A >

< C >

< D >

< D - C >

Net sales

398.3

421.5

23.2

5.8%

563.3

580.0

16.7

72.7%

Construction contracts

302.6

290.6

(12.0)

( 4.0%)

412.6

410.0

(2.6)

70.9%

Commissioned works

2.6

3.1

0.5

20.4%

4.9

5.0

0.1

62.3%

Design and supervision

5.1

5.6

0.4

8.3%

11.1

11.0

(0.1)

50.6%

Lease rentals of buildings

3.5

4.3

0.8

22.3%

4.8

5.5

0.7

77.4%

Real estate sale

84.5

118.0

33.5

39.7%

130.0

148.5

18.5

79.4%

Gross profit

65.5

69.0

3.5

5.4%

90.4

93.5

3.1

73.8%

Construction contracts

53.0

52.1

(0.9)

( 1.7%)

70.8

70.0

(0.8)

74.4%

Commissioned works

1.6

2.2

0.5

32.5%

3.0

3.0

(0.0)

71.9%

[Profit ratio of construction works]

[ 17.9%]

[ 18.5%]

[0.6p]

[ 17.7%]

[ 17.6%]

[(0.1p)]

Design and supervision

2.3

2.7

0.4

15.2%

5.1

5.0

(0.1)

53.9%

Lease rentals of buildings

1.6

1.6

(0.0)

( 2.8%)

1.7

2.0

0.3

79.2%

Real estate sale

6.9

10.5

3.6

52.7%

9.8

13.5

3.7

77.5%

Selling, general and administrative expense

25.7

27.8

2.1

8.2%

35.8

38.0

2.2

73.2%

Operating income

39.7

41.2

1.4

3.6%

54.6

55.5

0.9

74.2%

[Operating income ratio]

[ 10.0%]

[ 9.8%]

[(0.2p)]

[ 9.7%]

[ 9.6%]

[(0.1p)]

Financial income (expenses)

9.1

7.2

(1.9)

9.2

7.0

(2.2)

Others, net

0.6

0.5

(0.1)

0.7

0.5

(0.2)

Ordinary income

49.5

48.9

(0.6)

( 1.2%)

64.6

63.0

(1.6)

77.6%

[Ordinary income ratio]

[ 12.4%]

[ 11.6%]

[(0.8p)]

[ 11.5%]

[ 10.9%]

[(0.6p)]

Special income (losses), net

(0.0)

0.1

0.2

(0.7)

-

0.7

Income before income taxes

49.5

49.0

(0.5)

( 0.9%)

63.8

63.0

(0.8)

77.8%

Current tax

10.9

10.8

(0.1)

17.6

18.0

1.4

Deferred tax

1.0

2.1

1.1

(1.0)

Net income

37.5

36.1

(1.4)

( 3.7%)

47.2

45.0

(2.2)

80.2%

Depreciation and amortization, excluding goodwill-amortization

2.0

2.4

0.3

16.5%

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Disclaimer

Haseko Corporation published this content on 10 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2022 06:18:48 UTC.