Summary of Financial Statements

- For the six months ended September 30, 2021 -

November 2021

Disclaimer:

Forecasts or assessment figures on this document is depend and based on data available at the date of issue.

Results or actual performances may be different from those estimates because of unexpected affairs.

― 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.

Summary of Cash Flows Statements

・・・ P.5

5.

Orders Received (Non-consolidated)

・・・ P.6 - P.7

6.

Market Share

・・・ P.8

7.

Key indicators of For-sale Condominiums business

・・・ P.9

8.

Operational Benchmarks of Service-Related Business

・・・ P.10

9.

Principal Consolidated Companies

・・・ P.11

10.

Main initiatives of the medium-term management plan

・・・ P.12 - P.15

11.

Six Years Summary

・・・ P.16

1. Summary of Consolidated Income Statements

P.1

・Net sales increased 12.1% y/y to ￥414.8 billion because Real estate sale increased mainly due to an increase in the number of condominium units sold by subsidiaries. ・Operating income increased 33.9% y/y to ￥41.4 billion due to an increase in the profit of Real estate sale.

・Ordinary income increased 36.3% y/y to ￥40.9 billion because Financial income improved due to an increase in dividend income.

Billions of yen

March 2021

March 2022

Change

March 2021

March 2022 Forecast

Interim

Interim

Amount

%

Result

Annual

Change

Progress

< A >

< B >

< B - A >

< C >

< D >

< D - C >

Net sales

369.9

414.8

44.9

12.1%

809.4

850.0

40.6

48.8%

Construction contracts

229.1

228.0

(1.1)

( 0.5%)

479.2

489.0

9.8

46.6%

Design and supervision

3.5

3.4

(0.1)

( 3.1%)

9.9

10.0

0.1

33.7%

Leasing and management

41.5

41.3

(0.3)

( 0.7%)

86.3

84.5

(1.8)

48.8%

Real estate sale

87.4

133.4

46.0

52.6%

217.1

249.5

32.4

53.5%

Others

8.4

8.8

0.4

5.1%

16.9

17.0

0.1

51.7%

Gross profit

60.8

73.1

12.3

20.2%

136.2

143.5

7.3

50.9%

Construction contracts

39.5

40.2

0.7

1.7%

81.4

83.0

1.6

48.4%

[Profit ratio of construction contracts]

[ 17.3%]

[ 17.6%]

[0.3p]

[ 17.0%]

[ 17.0%]

( -p)

Design and supervision

1.6

1.5

(0.2)

( 9.4%)

4.5

4.5

0.0

33.1%

Leasing and management

9.2

9.5

0.2

2.4%

19.3

19.0

(0.3)

49.9%

Real estate sale

9.2

20.3

11.1

121.1%

29.0

35.0

6.0

58.1%

Others

1.2

1.5

0.4

30.7%

2.0

2.0

0.0

77.1%

Selling, general and administrative expense

29.9

-

1.8

5.9%

63.3

65.5

2.2

48.3%

31.6

Operating income

30.9

41.4

10.5

33.9%

72.9

78.0

5.1

53.1%

[Operating income ratio]

[ 8.4%]

[ 10.0%]

[1.6p]

[ 9.0%]

[ 9.2%]

[0.2p]

Financial income (expenses)

(1.8)

(1.1)

0.8

(2.7)

(3.7)

(1.0)

Others, net

0.9

0.6

(0.4)

1.7

0.7

(1.0)

Ordinary income

30.0

40.9

10.9

36.3%

71.8

75.0

3.2

54.6%

[Ordinary income ratio]

[ 8.1%]

[ 9.9%]

[1.8p]

[ 8.9%]

[ 8.8%]

[(0.1p)]

Special income (losses), net

(0.0)

0.1

0.1

(1.0)

-

1.0

Income before income taxes

30.0

41.0

11.0

36.6%

70.9

75.0

4.1

54.7%

Current tax

8.9

10.1

1.1

23.0

24.0

Deferred tax

0.5

2.6

2.1

(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

20.5

28.3

7.7

37.7%

48.3

51.0

2.7

55.5%

Depreciation and amortization, excluding goodwill-amortization

2.4

2.8

0.4

16.5%

2. Summary of Non-Consolidated Income Statements

P.2

・Net sales decreased 3.4% y/y to ￥268.9 billion due to a decrease in the sale of Construction contracts, despite increase in Real estate sales. ・Operating income decreased 7.8% y/y to ￥25.9 billion due to a decrease in the profit of Construction contracts.

・Ordinary income decreased 11.3% y/y to ￥33.3 billion due to a decrease in dividend income from subsidiaries.

Billions of yen

March 2021

March 2022

Change

March 2021

March 2022 Forecast

Interim

Interim

Amount

%

Result

Annual

Change

Progress

< A >

< B >

< B - A >

< C >

< D >

< D - C >

Net sales

278.4

268.9

(9.5)

( 3.4%)

563.3

580.0

16.7

46.4%

Construction contracts

201.2

188.2

(13.0)

( 6.4%)

412.6

410.0

(2.6)

45.9%

Commissioned works

1.9

2.1

0.3

15.9%

4.9

5.0

0.1

43.0%

Design and supervision

3.7

3.6

(0.0)

( 0.7%)

11.1

11.0

(0.1)

33.1%

Lease rentals of buildings

2.3

2.8

0.5

23.1%

4.8

5.5

0.7

50.7%

Real estate sale

69.4

72.1

2.7

3.9%

130.0

148.5

18.5

48.6%

Gross profit

44.6

44.0

(0.6)

( 1.4%)

90.4

93.5

3.1

47.0%

Construction contracts

35.1

33.7

(1.4)

( 3.9%)

70.8

70.0

(0.8)

48.2%

Commissioned works

1.2

1.5

0.3

24.8%

3.0

3.0

(0.0)

49.0%

[Profit ratio of construction works]

[ 17.9%]

[ 18.5%]

[0.6p]

[ 17.7%]

[ 17.6%]

[(0.1p)]

Design and supervision

1.7

1.6

(0.1)

( 5.0%)

5.1

5.0

(0.1)

32.9%

Lease rentals of buildings

1.1

1.0

(0.1)

( 8.8%)

1.7

2.0

0.3

49.3%

Real estate sale

5.5

6.2

0.6

11.4%

9.8

13.5

3.7

45.7%

Selling, general and administrative expense

16.5

18.1

1.6

9.5%

35.8

38.0

2.2

47.6%

Operating income

28.1

25.9

(2.2)

( 7.8%)

54.6

55.5

0.9

46.6%

[Operating income ratio]

[ 10.1%]

[ 9.6%]

[(0.5p)]

[ 9.7%]

[ 9.6%]

[(0.1p)]

Financial income (expenses)

9.0

7.1

(1.9)

9.2

7.0

(2.2)

Others, net

0.4

0.3

(0.1)

0.7

0.5

(0.2)

Ordinary income

37.5

33.3

(4.2)

( 11.3%)

64.6

63.0

(1.6)

52.8%

[Ordinary income ratio]

[ 13.5%]

[ 12.4%]

[(1.1p)]

[ 11.5%]

[ 10.9%]

[(0.6p)]

Special income (losses), net

(0.0)

0.0

0.0

(0.7)

-

0.7

Income before income taxes

37.5

33.3

(4.2)

( 11.3%)

63.8

63.0

(0.8)

52.8%

Current tax

7.6

6.6

(1.0)

17.6

18.0

1.4

Deferred tax

0.5

1.3

0.8

(1.0)

Net income

29.3

25.4

(4.0)

( 13.5%)

47.2

45.0

(2.2)

56.4%

Depreciation and amortization, excluding goodwill-amortization

1.3

1.6

0.3

26.9%

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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 06:26:20 UTC.