NOMURA REAL ESTATE HOLDINGS, INC. Jul. 28, 2022
Consolidated Financial Results
For the Three Months from April 1 to June 30, 2022
Note: The accompanying consolidated financial statements were not audited since they have been prepared only for reference purpose. All statements were based on Tanshin report prepared in accordance with the provisions set forth in accounting regulations and principals generally accepted in Japan.
Name of company listed :
Shares traded :
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URL :
Representative :
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Scheduled submitting date of quarterly securities report : Scheduled starting date for dividend payments : Preparation of explanatory materials for financial results : Information meetings arranged related to financial results :
Nomura Real Estate Holdings, Inc.
TSE 3231
https://www.nomura-re-hd.co.jp/english/
Eiji Kutsukake, President and Representative Director Hidehiro Sasaki,
General Manager, Corporate Communications Dept. nrehd-ir@nomura-re.co.jp
August 10, 2022
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Yes
Yes (for institutional investors and analysts, in Japanese)
(Values of less than one million yen rounded down)
I. Consolidated operating results for the Three Months from April 1, 2022 to June 30, 2022
(1) Consolidated business results
(% indicates the rate of changes from previous fiscal term)
Operating revenue | Operating profit | Business profit | Ordinary profit | Profit attributable | ||||||
to owners of parent | ||||||||||
First three months ended | Millions | % | Millions | % | Millions | % | Millions | % | Millions | % |
of yen | of yen | of yen | of yen | of yen | ||||||
Jun. 30, 2022 | 199,721 | 36.3 | 37,289 | 22.3 | 38,974 | 27.7 | 36,308 | 30.5 | 26,933 | 44.8 |
Jun. 30, 2021 | 146,544 | 7.4 | 30,493 | 70.3 | 30,519 | 68.5 | 27,825 | 80.5 | 18,606 | 110.6 |
(Note) Comprehensive income: From April 1, 2022 to June 30, 2022 : 30,925 million yen (up 32.4%) From April 1, 2021 to June 30, 2021 : 23,364 million yen (up 278.7%)
(Note) Business profit = operating profit + share of profit (loss) of entities accounted for using equity method + amortization of intangible assets associated with corporate acquisitions
Basic earnings | Diluted earnings | |
per share | per share | |
First three months ended | Yen | Yen |
Jun. 30, 2022 | 151.54 | 151.13 |
Jun. 30, 2021 | 103.16 | 102.78 |
(2) Consolidated financial position
Total assets | Net assets | Shareholders' equity ratio | |
As of | Millions of yen | Millions of yen | % |
Jun. 30, 2022 | 2,005,770 | 641,888 | 31.9 |
Mar. 31, 2022 | 2,040,506 | 621,398 | 30.3 |
(Reference) Shareholders' equity: As of June 30, 2022 : 639,371 million yen As of March 31, 2022 : 618,762 million yen
II. Dividends
Dividend per share | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |
Yen | Yen | Yen | Yen | Yen | |
Fiscal year ended | - | 42.50 | - | 55.00 | 97.50 |
Mar. 31, 2022 | |||||
Fiscal year ending | - | ||||
Mar. 31, 2023 | |||||
Fiscal year ending | |||||
Mar. 31, 2023 | 55.00 | - | 55.00 | 110.00 | |
(Forecasts) | |||||
(Note) Revision of dividend forecasts during this quarter: No
III. Forecasts of consolidated operating results for the fiscal year from April 1, 2022 to March 31, 2023
(% indicates the rate of changes from previous fiscal year)
Operating revenue | Operating profit | Business profit | Ordinary profit | Profit attributable to | Basic earnings | ||||||
owners of parent | per share | ||||||||||
Fiscal year ending | Millions | % | Millions | % | Millions | % | Millions | % | Millions | % | Yen |
of yen | of yen | of yen | of yen | of yen | |||||||
Mar. 31, 2023 | 680,000 | 5.4 | 90,500 | (0.8) | 97,000 | 4.6 | 85,000 | 3.0 | 57,000 | 3.1 | 321.77 |
(Note) Revision of operating results forecasts during this quarter: No
- Notes
- Significant changes to subsidiaries during the period (Changes in scope of consolidation of specified subsidiaries): None
- Adoption of specific accounting policies for quarterly consolidated financial statements: None
- Changes in accounting policies, changes in accounting estimates and restatements
1) | Changes in accounting policies due to revision of accounting standards, etc. | : Yes |
2) | Changes in accounting policies other than the above | : None |
3) | Changes in accounting estimates | : None |
4) | Restatements | : None |
(Note) For details, please refer to "2. Quarterly Consolidated Financial Statements (4) Notes to Quarterly Consolidated Financial
Statements (Changes in Accounting Policies)" on page 14 of the Attachments. | ||||
(4) Number of shares issued (common stock) | ||||
As of Jun. 30 | As of Mar. 31 | |||
2022 | 2022 | |||
1) | Number of shares issued at end of period (including treasury shares) | 182,720,937 | 182,604,637 | |
2) | Treasury shares at end of period | 4,882,631 | 4,704,422 | |
From April 1 to | From April 1 to | |||
June 30, 2022 | June 30, 2021 | |||
3) | Average number of shares outstanding during the period | 177,727,147 | 180,373,100 |
(Note) The number of treasury shares at end of each period includes the shares of the company owned by BIP (Board Incentive Plan) trust and ESOP (Employee Stock Ownership Plan) trust (2,330,346 shares as of June 30, 2022 and 2,522,837 shares as of March 31, 2022).The Company's share owned by executive compensation BIP trust and ESOP trust are included in the number of treasury shares deducted in the calculation of average number of shares outstanding during the period (2,474,105 shares as of June 30, 2022 and 1,952,943 shares as of June 30, 2021).
- This Quarterly "Consolidated Financial Results" is not required to be audited by certified public accountants or audit corporations.
- Proper use of forecasts of operating results, and other special matters
Forward-looking statements in this document, including the forecasts of financial results, etc., are based on the information currently available to the Company and certain assumptions deemed to be reasonable. These statements do not purport that the Company pledges to realize such statements. Actual performance and other results may differ materially from these forecasts are due to various factors. For matters related to the forecasts of financial results, please refer to "1. Business Results and Financial Position
(3) Consolidated Operating Result Forecasts" on page 7 of the Attachments.
(How to obtain the fact sheets)
The fact sheets will be disclosed on TDnet on July 28, 2022 and will be uploaded on the Company's website.
Attachments- Contents
1. Business Results and Financial Position ------------------------------------------------------------------------------------------------ | 2 | |
(1) | Business Results ---------------------------------------------------------------------------------------------------------------------- | 2 |
(2) | Financial Position -------------------------------------------------------------------------------------------------------------------- | 7 |
(3) | Consolidated Operating Result Forecasts ----------------------------------------------------------------------------------------- | 7 |
2. Quarterly Consolidated Financial Statements ------------------------------------------------------------------------------------------ | 8 | |
(1) | Quarterly Consolidated Balance Sheets ------------------------------------------------------------------------------------------- | 8 |
(2) | Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income -- | 10 |
Quarterly Consolidated Statements of Income for the First Three Months from April 1 to June 30, 2022 -------------- | 10 | |
Quarterly Consolidated Statements of Comprehensive Income for the First Three Months from April 1 to June 30, | ||
2022 ------------------------------------------------------------------------------------------------------------------------------------ | 11 | |
(3) | Quarterly Consolidated Statement of Cash Flows ------------------------------------------------------------------------------- | 12 |
(4) | Notes to Quarterly Consolidated Financial Statements ------------------------------------------------------------------------- | 14 |
(Notes to Going Concern Assumptions) ------------------------------------------------------------------------------------------ | 14 | |
(Notes to Significant Changes in Shareholder's Equity) ----------------------------------------------------------------------- | 14 | |
(Changes in Accounting Policies) ------------------------------------------------------------------------------------------------- | 14 | |
(Segment Information) -------------------------------------------------------------------------------------------------------------- | 15 |
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1. Business Results and Financial Position
(1) Business Results
The Nomura Real Estate Group (the "Group") posted the following consolidated performance for the three months ended June 30, 2022: Operating revenue of 199,721 million yen, which represents an increase of 53,177 million yen, or 36.3% year on year; operating profit of 37,289 million yen, an increase of 6,795 million yen, or 22.3%; business profit of 38,974 million yen, an increase of 8,455 million yen, or 27.7%; ordinary profit of 36,308 million yen, an increase of 8,482 million yen, or 30.5%; and profit attributable to owners of parent of 26,933 million yen, an increase of 8,327 million yen, or 44.8%.
(Note) Business profit = operating profit + share of profit (loss) of entities accounted for using equity method + amortization of intangible assets associated with corporate acquisitions
An overview of business unit achievements is given below:
- Operating revenue for each business unit includes internal sales and transfer amount among business units.
- Total figures may not match due to the rounding of fractions.
-
As of April 1, 2022, the Company made the following changes and an organization restructure.
*Overseas Business Unit was newly established and the classification of Overseas Business Division of Nomura Real Estate Development Co., Ltd. and overseas subsidiaries, etc., which had been classified under the "Other", have been reclassified.
*Nomura Real Estate Development Co., Ltd. and Nomura Real Estate Building Co., Ltd. were merged. (Nomura Real Estate Development Co., Ltd. as the surviving company) Due to this change, partial revisions were made to the method used to calculate the breakdown of operating revenue and to the method used to calculate the net lettable area and the vacancy rate. (The figures for the three months ended June 30, 2021, and the fiscal year ended March 31, 2022, are also calculated in accordance with the above change.)
*Nomura Real Estate Hotels Co., Ltd. and UHM Co., Ltd. were merged. (Nomura Real Estate Hotels Co., Ltd. as the surviving company)
Operating revenue in this Business Unit totaled 91,374 million yen, which represents an increase of 44,772 million yen, or 96.1% year on year, and business profit totaled 10,118 million yen, an increase of 8,383 million yen, or 483.3% resulting in increases in both operating revenue and business profit compared with the financial results of the three months ended June 30, 2021.
This was mainly due to increases in the number of housing units sold and improvement in the gross margin ratio in the housing sales business.
In regard to housing sales, 1,378 units were recorded as sales (an increase of 731 units year on year) against the planned 4,300 units for this fiscal year. The contract progress rate was 86.0% at the end of this first quarter against the projected operating revenue of housing sales for this fiscal year.
The number of housing contracted but not recorded as sales were 3,326 units as of the end of this first quarter (a decrease of 214 units year on year).
Number of units, sales, and outstanding contract amount as sold for the joint-venture projects are calculated based on the business's share.
Breakdown of operating revenue
First three months ended | First three months ended | Fiscal year ended | |||||
Jun. 30, 2021 | Jun. 30, 2022 | Mar. 31, 2022 | |||||
Housing units sold | Operating revenue | Housing units sold | Operating revenue | Housing units sold | Operating revenue | ||
(Millions of yen) | (Millions of yen) | (Millions of yen) | |||||
Tokyo metropolitan area | 406 units | 29,325 | 1,039 units | 69,093 | 2,944 units | 210,413 | |
Kansai area | 87 units | 4,627 | 21 units | 1,002 | 496 units | 26,522 | |
Housing sales | |||||||
Other | 154 units | 8,726 | 317 units | 16,067 | 889 units | 47,079 | |
Subtotal | 647 units | 42,679 | 1,378 units | 86,164 | 4,329 units | 284,015 | |
(Detached housing) | (138 units) | (8,931) | (156 units) | (11,175) | (451 units) | (29,990) | |
Rental housing (Note) | - | 318 | - | 490 | - | 5,621 | |
Senior / Other | - | 3,604 | - | 4,720 | - | 19,588 | |
Total | - | 46,602 | - | 91,374 | - | 309,225 | |
(Note) Rental Housing refers to properties developed for real estate investment market.
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Nomura Real Estate Holdings Inc. published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 06:27:03 UTC.
