LIFULL Co., Ltd.
Third Quarter Results IFRS
FY2021/9 Q3
(October 2020 - June 2021)
Disclaimer
The opinions and projections, etc. contained herein represent the judgment of LIFULL Co., Ltd. at the time this document was prepared. Please be aware that actual results may vary considerably due to various reasons. We provide no guarantees regarding the accuracy of the information. Please keep in mind that actual performance and results may vary significantly due to changes in various factors.
Copyright(c) LIFULL Co., Ltd. All Rights Reserved.
Index
1. | FY 2021/9 Third Quarter Financial Results | P 2 |
2. | Segment Update | |
HOME'S Services | P 9 | |
Overseas | P 20 | |
4. | Appendices | P 27 |
5. | IR Team Contact Information | P 44 |
1
Third Quarter
Financial Results
(October 1, 2020 - June 30, 2021)
Copyright(c) LIFULL Co., Ltd. All Rights Reserved. | 2 |
Condensed Statements of Income and Loss IFRS
Consolidated revenue recovered to 0.1% YoY with +17.7% compared to the 3Q (Apr. - Jun.) of the previous year. Active growth investments (primarily domestic) progressing according to schedule with
operating income at -32.8% and net profit -36.4% YoY.
FY2020 Q3 | FY2021 Q3 | Change | Change % | |
Unit: JPY mil. | (Oct.-Jun.) | (Oct.-Jun.) | ||
Revenue | 26,892 | 26,925 | +33 | +0.1% |
Cost of revenue | 3,143 | 2,892 | -250 | -8.0% |
SG&A | 20,074 | 21,358 | +1,284 | +6.4% |
Personnel expenses | 6,175 | 6,662 | +487 | +7.9% |
Advertising expenses | 8,327 | 8,911 | +584 | +7.0% |
Operating expenses | 358 | 284 | -74 | -20.7% |
Depreciation and amortization | 1,493 | 1,487 | -6 | -0.4% |
Other | 3,720 | 4,012 | +292 | +7.9% |
*1 *2
*3 *4 *5
*6
Other income and expenses | 12 | -198 | -210 | - |
Operating income | 3,686 | 2,476 | -1,210 | -32.8% |
Operating income margin | 13.7% | 9.2% | -4.5pt | - |
Net profit* | 2,323 | 1,477 | -846 | -36.4% |
- Net profit attributable to owners of the parent
*1 | Refer to segment revenue (Page 4) | |
*2 | Decrease in commissions for marketing products due to COVID-19 | |
*3 | Increase in monthly LIFULL employees salaries and associated legal welfare expenses | |
*4 | Continuing domestic growth investments and gradual opening of overseas markets | |
*5 | Reductions in travel expenses with active usage of IT tools for sales initiatives | 3 |
*6 | Increase in R&D and system expenses for improvement of LIFULL HOME'S | |
Revenue / Income and Loss by Segment IFRS
Although more of Japan is under a state of emergency, quarterly revenue for HOME'S Services continues to recover with the YoY gap in total revenue down to 1.6%. Overseas revenue increasing with considerable gains in profit from cost controls and transfer of R&D personnel expenses.
FY2020 Q3 | FY2021 Q3 | Change Change | Main items | |
Unit: JPY mil. | (Oct.-Jun.) | (Oct.-Jun.) | % | |
Revenue | 26,892 | 26,925 | +33 | +0.1% | |||
HOME'S Services | 20,483 | 20,157 | -325 | -1.6% | Earnings from Kenbiya included, but decline from effects of the | ||
pandemic. Recovery is continuing with 3Q (Apr.-Jun.) +6.1% YoY. | |||||||
Overseas | 4,999 | 5,181 | +182 | +3.6% | Although LIFULL CONNECT was +63.1% for 3Q YoY, accumulative revenue | ||
was down 2.3% YoY and JPY-EUR exchange rate down 6.8%. | |||||||
Other | 1,409 | 1,586 | +176 | +12.6% | Revenue increases in subsidiaries (senior, SPACE, Investment) as well as | ||
contributions from additional new business (LIFULL Leadership) | |||||||
FY2020 Q3 | FY2021 Q3 | Change | Change | Main items | |||
Unit: JPY mil. | (Oct.-Jun.) | (Oct.-Jun.) | % | ||||
Segment | 3,674 | 2,674 | -1,000 | -27.2% | |||
income and loss | |||||||
HOME'S Services | 3,572 | 1,804 | -1,767 | -49.5% | Primarily due to increases in LIFULL personnel salaries and marketing | ||
investments to increase brand awareness | |||||||
Overseas | 386 | 1,261 | +874 | +226.3% | Primarily due to increased revenvue and cost controls on advertising | ||
expenses as well as transfer of development personnel expenses | |||||||
Other | -277 | -423 | -146 | - | Increased revenue seen in senior etc. while costs increased for Regional | ||
Revitalization | |||||||
Inter-segment | -6 | 32 | +39 | - | |||
transactions | |||||||
Primary businesses in each segment are listed on page 31 | 4 | ||||||
The % Change values for negative results in the current previous periods have been left blank | |||||||
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Lifull Co. Ltd. published this content on 10 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2021 08:01:02 UTC.