First Quarter Consolidated Financial Report
for the Three Months Ended June 30, 2022 (Japan GAAP)
July 29, 2022
Takara Leben CO., LTD.
Shares listed on: | Prime market of the Tokyo Stock Exchange |
Security code: | 8897 |
URL: | https://www.leben.co.jp |
Representative: | Kazuichi Shimada, Representative Director, CEO, President Executive Officer |
Masashi Yamamoto, Director, CFO, General Manager of the Administration Headquarters | |
Contacts: | Tel: +81-3-6551-2130 |
Scheduled date for release of Quarterly Report: | August 10, 2022 |
Scheduled date for commencement of dividend payments: | -- |
Has the Company prepared supplementary briefing materials for the Quarter: | No |
Has the Company held briefings concerning its quarterly financial results: | No |
1. Consolidated Operating Results for the Three Months Ended June 30, 2022 (April 1-June 30, 2022)
(Amounts are rounded down to the nearest million)
(1) Consolidated Operating Results (Year-to-Date)
(Percentage figures represent year-on-year change)
Net income | ||||||||
Net Sales | Operating Income | Ordinary Income | attributable to | |||||
owners of parent | ||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |
Three months ended June 30, 2022 | 28,325 | 54.5 | 597 | - | 398 | - | 206 | - |
Three months ended June 30, 2021 | 18,337 | - | (900) | - | (1,271) | - | (1,080) | - |
(Note) Comprehensive income: Three months ended June 30, 2022 ¥134million (-%) / Three months ended June 30, 2021 (¥888) million (-%)
Net Income per | Diluted Net Income | |
Share | per Share | |
Yen | Yen | |
Three months ended June 30, 2022 | 1.89 | 1.88 |
Three months ended June 30, 2021 | (9.94) | - |
(Note) 1. As the Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. from the beginning of the first quarter of the previous fiscal year, the figures for the first quarter of the fiscal year ended March 31, 2022 are after the application of the said accounting standard, etc., and the percentage change from the same quarter of the previous year is not stated.
2. At the end of the fiscal year ended March 31, 2022, the Company finalized the provisional accounting treatment for the business combination, and each figure for the first quarter of the fiscal year ended March 31, 2022 reflects the details of the finalization of the provisional accounting treatment.
(2) Consolidated Financial Position
Total Assets | Net Assets | Equity Ratio | ||
Millions of yen | Millions of yen | % | ||
As of June 30, 2022 | 243,519 | 58,069 | 23.7 | |
As of March 31, 2022 | 223,473 | 59,601 | 26.5 | |
(Reference) Shareholders' equity at end of period: June 30, 2022: ¥57,708 million / March 31, 2022: ¥59,109 million |
2. Cash Dividends
Annual Cash Dividends per Share | |||||
1Q | 2Q | 3Q | Year-End | Total | |
Yen | Yen | Yen | Yen | Yen | |
Year Ended March 31, 2022 | - | 4.00 | - | 14.00 | 18.00 |
Year Ending March 31, 2023 | - | ||||
Year Ending March 31, 2023 (Forecast) | 4.00 | - | 16.00 | 20.00 | |
(Note) Has the Company changed its dividend forecast for the current quarter: No
3. Consolidated Operating Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022-March 31, 2023)
(Percentage figures represent year-on-year change)
Net income | Net Income per | ||||||||
Net Sales | Operating Income | Ordinary Income | attributable to | ||||||
Share | |||||||||
owners of parent | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | yen | |
Full year | 173,500 | 6.6 | 11,900 | 0.2 | 10,300 | 0.4 | 7,000 | 12.6 | 64.19 |
(Note) Has the Company changed its consolidated forecast during this quarter: No
*Notes
-
Changes in significant subsidiaries during the current fiscal year
(Changes in specified subsidiaries resulting in changes in scope of consolidation): No Newly consolidated companies (--) Newly excluded companies (--) - Application of Special Accounting Treatment Made in Preparation
of the Quarterly Consolidated Financial Statements: No
- Changes in Accounting Policies, Changes in Accounting Estimates or Restatement
- Changes in accounting policies accompanying revision of accounting standards: No
- Changes in accounting policies other than those in (A): No
- Changes in accounting estimates: No
- Restatement: No
- Number of shares issued (common stock)
- Number of shares outstanding at the end of the period (including treasury stock)
- Number of shares of treasury stock at the end of the period
- Average number of shares during the period (quarter year-to-date)
a. | Three months ended June 30, 2022: | 121,000,000 | shares | As of March 31, 2022: | 121,000,000 shares |
b. | Three months ended June 30, 2022: | 11,948,807 | shares | As of March 31, 2022: | 11,948,807 shares |
c. | Three months ended June 30, 2022: | 109,051,193 | shares | Three months ended June 30, 2021 : | 108,655,093 shares |
*This quarterly earnings report is exempt from the quarterly review based on the Financial Instruments and Exchange Act.
*Explanation concerning appropriate use of the projected operating results and other items to note
The forward-looking statements, including business results forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Actual business results may differ substantially due to a number of factors.
Takara Leben CO., LTD. (8897) Consolidated Financial Report for the Three Months Ended June 30, 2022 | ||
Attachments Table of Contents | ||
1. Qualitative Information Pertaining to Consolidated Operating Results for the Quarter .......................................... | 2 | |
(1) | Qualitative Information Pertaining to Consolidated Operating Performance ..................................................... | 2 |
(2) | Qualitative Information Pertaining to Consolidated Financial Position ............................................................. | 3 |
(3) | Qualitative Information Pertaining to Forecasted Consolidated Operating Results ........................................... | 4 |
2. Quarterly Consolidated Financial Statements........................................................................................................... | 5 | |
(1) | Quarterly Consolidated Balance Sheets.............................................................................................................. | 5 |
(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive | ||
Income ................................................................................................................................................................ | 8 | |
Quarterly Consolidated Statements of Income | ||
First-QuarterYear-to-Date Period ................................................................................................................... | 8 | |
Quarterly Consolidated Statements of Comprehensive Income | ||
First-QuarterYear-to-Date Period ................................................................................................................... | 9 | |
(3) | Notes on Quarterly Consolidated Financial Statements.................................................................................... | 10 |
(Notes on Assumption of Going Concern) ....................................................................................................... | 10 | |
(Notes on a Significant Change in Shareholders' Equity) ................................................................................ | 10 |
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Takara Leben CO., LTD. (8897) Consolidated Financial Report for the Three Months Ended June 30, 2022
1. Qualitative Information Pertaining to Consolidated Operating Results for the Quarter
Since the provisional accounting treatment for the business combination conducted in the first quarter of the previous fiscal year was finalized at the end of the previous fiscal year, comparisons and analysis with the same quarter of the previous fiscal year are based on the amount after reflecting a significant revision of the initial allocation of acquisition costs due to the finalization of the provisional accounting treatment. The Company has adopted the provisional accounting treatment for corporate combinations.
(1) Qualitative Information Pertaining to Consolidated Operating Performance
During the first quarter of the current fiscal year, the Japanese economy was in a lull in the outbreak of the COVID-19 infection, but the situation continues to require close monitoring due to its re-expansion. In addition, the rapidly advancing financial market volatility and heightened geopolitical tensions due to Russia's invasion of Ukraine have affected the prices of various materials, and the outlook for the global economy as a whole remains uncertain.
In accordance with the "Notice of Business Segment Change" announced on March 14, 2022, the Group has changed the classification of its segments from five business segments to four business segments effective from the first quarter of the current fiscal year. The figures for the first quarter of the previous fiscal year in the explanation of each segment below have been reclassified to reflect the new segments.
(Millions of yen) | ||||||
Q1 FY 2021 | Q1 FY 2022 | Year-on-Year | ||||
Segment name | Net Sales | Operating | Net Sales | Operating | Net Sales | Operating |
income | income | income | ||||
Real Estate Business | 14,930 | (1,000) | 24,835 | 809 | 9,905 | 1,809 |
Energy Business | 2,646 | 22 | 2,643 | (163) | (3) | (186) |
Asset Management | 200 | 52 | 250 | 73 | 50 | 21 |
Business | ||||||
Other Businesses | 560 | 24 | 595 | (122) | 35 | (147) |
Total | 18,337 | (900) | 28,325 | 597 | 9,988 | 1,497 |
a. Performance by business segment
In the real estate business, from new built-for-sale condominium, new detached house, renewal resale, liquidation, real estate rental, real estate management, and real estate other amounted to ¥24,835 million (up 66.3% year-on-year).
In the energy business, net sales were ¥2,643 million (down 0.1% year-on-year) due to income from the sale of electricity generated by power generation facilities.
In the asset management business, net sales amounted to ¥250 million (up 25.3% year-on-year) due to asset management fees and other factors.
In the other businesses, net sales were ¥595 million (up 6.3% year-on-year) due to construction contracts and other factors.
As a result, Net sales for the first-quarteryear-to-date period of the current consolidated fiscal year amounted to ¥28,325 million (up 54.5% year-on-year). Operating income amounted to ¥597 million (¥900 million operating loss in the same period of the previous fiscal year). Ordinary income of ¥398 million (¥1,271 million ordinary loss in the same period of the previous fiscal year). And net income attributable to owners of parent of amounted to ¥206 million (¥1,080 million net loss attributable to owners of parent of amounted in the same
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Takara Leben Co. Ltd. published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 08:34:04 UTC.