Financial Results for First Half of Fiscal Year ending March 31, 2023 and Forecasted Financial Results for Fiscal Year ending March 31, 2023
Progress Review of Medium-term Management Plan "Challenge & Progress" (FY2020 to FY2023)
Reference
・・・P.3
・・・P.5
・・・P.12
・・・P.39
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Executive Summary
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Executive Summary
Consolidated financial results for first half of the fiscal year ending March 31, 2023
Progress of the
Redevelopment
Business
Review of the portfolio
and external growth
Both revenue and income decreased compared to the same period in the previous year due to a decrease in sales of inventories in the Building Business, a reactionary decline from the recording of tenant cancellation penalties, a decrease in revenue due to downtime resulting from large tenants vacating, and so on.
Consolidated financial results were almost as planned at the beginning of the fiscal year, so the forecast for the entire fiscal year remains the same.
The redevelopment preparatory association, of which the Company serves as administrative director, made a proposal for an urban planning project in the Odori-nishi 4 South district in Sapporo, targeting completion of construction in 2028.
KITOKI construction ended in April 2022. The Kabutocho 12 Project (tentative name) has been selected for the Leading Projects Program for Sustainable Buildings for 2022 (led by wooden structures).
Five properties (HF Kawaguchi Residence, HF Higashiogu Residence, Iwamotocho Office (two properties), and Nagoya Sakae Office) were sold to HEIWA REAL ESTATE REIT, Inc. and gains were realized on the sale of properties.
Regarding the Medium-term Management Plan, which has an investment plan of approx. 60 billion yen for four years, investments were made to acquire properties up to approx. 40 billion yen (approx. 56 billion yen including forecast acquisitions and completion of construction).
1H of FY ended
1H of FY ending
Forecast for FY
Progress against
(Millions of yen)
Year-on-year
Year-on-year (%)
ending March 31,
March 31, 2022
March 31, 2023
forecast (*1) (%)
2023 (*1)
Operating revenue
41,281
24,954
(16,327)
(39.6)
41,800
59.7%
Operating income
7,299
5,067
(2,232)
(30.6)
10,000
50.7%
Ordinary income
6,860
4,589
(2,271)
(33.1)
8,800
52.2%
Net income attributable to the parent
4,765
4,240
(524)
(11.0)
8,800
48.2%
EPS (quarterly net income per share)
128.90
117.53
(11.37)
(8.8)
244.89
48.0%
(Yen)
*1 Figures announced on April 28, 2022
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Financial Results for First Half of Fiscal Year ending March 31, 2023 and
Forecasted Financial Results for Fiscal Year ending March 31, 2023
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Heiwa Real Estate Co. Ltd. published this content on 17 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2022 07:34:07 UTC.
HEIWA REAL ESTATE CO.,LTD. is a Japan-based company mainly engaged in leasing business and real estate solution business. The Company operates in two business segments. The Leasing segment specializes in the development, leasing, management and operation of stock exchanges, offices, commercial facilities and housing. The Real Estate Solution segment is engaged in the development, sales, operation and management of real estates for revenue, development and sales of residential houses as well as real estate agency business. The Others businesses include the maintenance and repair of building equipment, contract work for repair, insurance agency business, etc.
HEIWA REAL ESTATE CO., LTD. 
