Hoosiers : Fiscal Year March 2021 Explanatory Materials on Financial Results
May 28, 2021 at 04:03 am
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May 2021
Hoosiers Holdings (3284)
Fiscal Year March 2021 Explanatory Materials on Financial Results
Table
1.
FY3/21 overview of results
of
contents
2.
FY3/21 topics
FY3/22 topics
FY3/22 full-year performance forecasts
Shareholder distributions policy
Medium-TermManagement Plan
(FY3/22 to FY3/26)
2
1. Y3/21 overview of results
3
FY3/21 highlights
FY3/21 overview of consolidated earnings results
Net sales:
¥80,222 million
YoY:
(5.9%)
Operating income:
¥5,435 million
YoY: (18.8%)
Ordinary income:
¥4,616 million
YoY: (16.3%)
Income before income taxes:
¥3,349 million
YoY:
50.1%
Profit Attributable to owners of parent:
2,878 million
YoY:
939.3%
Topics
●Operating income decreased YoY due to controlled property sales in Real Estate Investment
●Impact of COVID-19
:Residences for sale and rent remained stable due to a recent trend emphasizing on housing environment driven by teleworking, etc.
:Sports/Hotel recorded operating loss and extraordinary loss
:Real Estate Investment reported a decline in net sales due to a decrease in the number of property sold
●Capital restructuring through TOB and cancellation of own shares
●Introduction of consolidated tax return filing system
4
Overview of consolidated income statement
Condominium apartments/houses showed a strong growth due to changes in set of values regarding housing triggered by COVID-19⇒Exceeded the plan
Hotel/Sports hit by COVID-19 recorded extraordinary loss of ¥1.7 billion including impairment loss on the business assets. Recorded extraordinary income related to sale of biomass power generation business
Recorded deferred tax assets of ¥620 million as a result of introducing the consolidated tax return filing system
FY3/19
FY3/20
FY3/21
Composition
Full-year
vs full-year
(Million yen)
Results
YoY change
ratio
forecasts
forecasts
Net Sales
89,882
85,231
80,222
(5,008)
80,000
0.3%
Gross profit
21,720
18,011
16,077
20.0%
(1,933)
Selling, general and
administrative
12,432
11,318
10,642
13.3%
(676)
expenses
Operating income
9,287
6,692
5,435
6.8%
(1,256)
4,200
29.4%
Non-operating
763
380
682
0.9%
302
income
Non-operating
1,572
1,559
1,502
1.9%
(57)
expenses
Ordinary income:
8,478
5,513
4,616
5.8%
(896)
3,500
31.9%
Extraordinary income
-
10
476
0.6%
465
Extraordinary losses
2,229
3,291
1,742
2.2%
(1,549)
Income before income
6,249
2,231
3,349
4.2%
1,118
taxes
Income taxes - current
3,613
1,898
1,497
1.9%
(400)
Income taxes -
(1.2%)
(632)
64
(992)
(1,056)
deferred
Profit attributable to
3,195
276
2,878
3.6%
2,602
2,400
19.9%
owners of parent
5
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Disclaimer
Hoosiers Holdings Co. Ltd. published this content on 28 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2021 08:02:03 UTC.
Hoosiers Holdings is a Japan-based holding company. The Company operates in five business segments. The Real Estate Sales segment is engaged in the subdivision and sale of apartments for families, urban redevelopment projects and planning and sales of compact condominium business. The Detached / Apartment segment plans and sells detached houses mainly in the Tokyo metropolitan area, and is also working on apartment development projects utilizing detached lands. The Real Estate Investment segment is engaged in holding and trading real estate for profit, classification resale business based on real estate leasing management project. The Real Estate related Business segment provides management service for condominiums. In the Other segment, it plans and manages the PFI project.