Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
February 14, 2022
Consolidated Financial Results for the Three Months Ended December 31, 2021
(Under Japanese GAAP)
Company name: Listing: Securities code: URL: Representative: Inquiries:
Scheduled date to file quarterly securities report: Supplementary material on financial results: Holding of quarterly financial results briefing:
Open House Group Co., Ltd. Tokyo Stock Exchange 3288 https://openhouse-group.co.jp/ir Masaaki Arai, President and CEO
Kotaro Wakatabi, Senior Managing Director and CFO February 14, 2022
Yes
None
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended December 31, 2021 (October 1, 2021-December 31, 2021)
(1) Consolidated operating results (cumulative) | (% indicate year-on-year changes) | |||||||
Revenue | Operating income | Ordinary income | Profit attributable to | |||||
owners of parent | ||||||||
Three months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % |
December 31, 2021 | 235,255 | 51.7 | 35,041 | 80.7 | 35,418 | 71.5 | 22,653 | 52.6 |
December 31, 2020 | 155,119 | 22.2 | 19,394 | 33.6 | 20,647 | 47.0 | 14,842 | 51.6 |
(Note) Comprehensive income: For the three months ended December 31, 2021: ¥26,057million [83.8%] For the three months ended December 31, 2020: ¥14,174 million [38.5%]
Basic earnings | Diluted earnings | |||||||||||||||
per share | per share | |||||||||||||||
Three months ended | Yen | Yen | ||||||||||||||
December 31, 2021 | 179.63 | 179.13 | ||||||||||||||
December 31, 2020 | 117.96 | 117.46 | ||||||||||||||
(2) | Consolidated financial position | |||||||||||||||
Total assets | Net assets | Equity-to-asset ratio | ||||||||||||||
As of | Millions of yen | Millions of yen | % | |||||||||||||
December 31, 2021 | 885,694 | 364,026 | 35.0 | |||||||||||||
September 30, 2021 | 879,913 | 347,143 | 33.4 | |||||||||||||
(Reference) Equity: | As of December 31, 2021 | ¥ 309,736 million | ||||||||||||||
As of September 30, 2021 | ¥ 293,809 million | |||||||||||||||
2. | Cash dividends | |||||||||||||||
Annual dividends per share | ||||||||||||||||
1Q-end | 2Q-end | 3Q-end | Year-end | Total | ||||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||||
FY 2021 | - | 50.00 | - | 62.00 | 112.00 | |||||||||||
FY 2022 | - | |||||||||||||||
FY 2022 (Forecast) | 62.00 | - | 62.00 | 124.00 |
(Note) Revisions to the forecast of cash dividends most recently announced: None
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Open House Group Co., Ltd. (3288)
3. Forecast of Consolidated Operating Results for FY2022 (October 1, 2021-September 30, 2022)
(% indicate year-on-year changes) | |||||||||||
Profit attributable to | Basic | ||||||||||
Revenue | Operating income | Ordinary income | earnings | ||||||||
owners of parent | |||||||||||
per share | |||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |||
2Q (Cumulative) | 446,700 | 22.7 | 56,900 | 36.7 | 55,800 | 37.1 | 35,900 | 9.6 | 284.66 | ||
Full year | 920,000 | 13.5 | 112,000 | 10.8 | 108,900 | 11.6 | 72,000 | 3.5 | 570.91 | ||
(Note) Revision to the forecast of consolidated results most recently announced: | None |
*Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
- Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes
- Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
(ii) | Changes in accounting policies due to other reasons: | None |
(iii) | Changes in accounting estimates: | None |
(iv) | Restatement: | None |
(4) Number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2021 | 126,117,000 shares |
As of September 30, 2021 | 126,117,000 shares |
- Number of treasury shares at the end of the period
As of December 31, 2021 | 3,441 shares |
As of September 30, 2021 | 3,441 shares |
- Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended December 31, 2021 | 126,113,559 shares |
Three months ended December 31, 2020 | 125,824,224 shares |
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
-
Proper use of earnings forecasts, and other special matters
Consolidated business forecasts are based on assumptions from information available to management at the time of disclosure and those deemed to be reasonable. Actual results may differ significantly from forecast due to various unpredictable reasons.
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Open House Group Co., Ltd. (3288)
Consolidated Quarterly Financial Statements | |||||||||
1)Consolidated Quarterly Balance Sheets | |||||||||
(Millions of yen) | |||||||||
End of FY2021 | End of FY2022 1Q | ||||||||
(as of September 30, 2021) | (as of December 31, 2021) | ||||||||
Assets | |||||||||
Current assets | |||||||||
Cash and deposits | 337,731 | 328,874 | |||||||
Trade accounts receivable and contract assets | 1,929 | 2,199 | |||||||
Real estate for sale | 90,402 | 82,525 | |||||||
Real estate for sale in process | 337,726 | 359,352 | |||||||
Operating loans | 36,878 | 40,610 | |||||||
Other | 26,421 | 23,063 | |||||||
Allowance for doubtful accounts | (362) | (389) | |||||||
Total current assets | 830,727 | 836,236 | |||||||
Non-current assets | |||||||||
Property, plant and equipment | 21,297 | 21,828 | |||||||
Intangible assets | 3,031 | 3,090 | |||||||
Investments and other assets | 24,856 | 24,539 | |||||||
Total non-current assets | 49,185 | 49,458 | |||||||
Total assets | 879,913 | 885,694 | |||||||
Liabilities | |||||||||
Current liabilities | |||||||||
Notes payable - trade | 1,166 | 1,253 | |||||||
Trade accounts payable | 20,850 | 23,497 | |||||||
Electronically recorded obligations - operating | 4,713 | 3,893 | |||||||
Short-term borrowings | 104,684 | 113,020 | |||||||
Current portion of bonds payable | 242 | 242 | |||||||
Current portion of long-term borrowings | 57,142 | 47,426 | |||||||
Income taxes payable | 18,239 | 9,677 | |||||||
Provisions | 4,695 | 2,679 | |||||||
Other | 44,503 | 42,401 | |||||||
Total current liabilities | 256,237 | 244,092 | |||||||
Non-current liabilities | |||||||||
Bonds payable | 10,605 | 10,605 | |||||||
Long-term borrowings | 264,502 | 265,767 | |||||||
Provision for share awards | 257 | 256 | |||||||
Retirement benefit liability | 311 | 320 | |||||||
Asset retirement obligations | 150 | 160 | |||||||
Other | 705 | 466 | |||||||
Total non-current liabilities | 276,532 | 277,576 | |||||||
Total liabilities | 532,769 | 521,668 | |||||||
Net assets | |||||||||
Shareholders' equity | |||||||||
Share capital | 19,939 | 19,939 | |||||||
Capital surplus | 29,068 | 29,047 | |||||||
Retained earnings | 244,248 | 259,177 | |||||||
Treasury shares | (0) | (0) | |||||||
Total shareholders' equity | 293,256 | 308,164 | |||||||
Accumulated other comprehensive income | |||||||||
Valuation difference on available-for-sale securities | 12 | 11 | |||||||
Foreign currency translation adjustment | 540 | 1,560 | |||||||
Total accumulated other comprehensive income | 552 | 1,572 | |||||||
Share acquisition rights | 551 | 522 | |||||||
Non-controlling interests | 52,782 | 53,767 | |||||||
Total net assets | 347,143 | 364,026 | |||||||
Total liabilities and net assets | 879,913 | 885,694 |
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Open House Group Co., Ltd. (3288)
2)Consolidated Quarterly Statements of Income and Consolidated Quarterly Statements of Comprehensive Income Consolidated Quarterly Statements of Income
(Millions of yen) | ||||||||
Three months ended | Three months ended | |||||||
December 31, 2020 | December 31, 2021 | |||||||
(From October 1, 2020 | (From October 1, 2021 | |||||||
to December 31, 2020) | to December 31, 2021) | |||||||
Net sales | 155,119 | 235,255 | ||||||
Cost of sales | 126,925 | 184,620 | ||||||
Gross profit | 28,194 | 50,635 | ||||||
Selling, general and administrative expenses | 8,799 | 15,594 | ||||||
Operating profit | 19,394 | 35,041 | ||||||
Non-operating income | ||||||||
Interest income | 2 | 2 | ||||||
Dividend income | 11 | 715 | ||||||
Rental income from buildings | 34 | 30 | ||||||
Share of profit of entities accounted for using | 1,928 | 429 | ||||||
equity method | ||||||||
Foreign exchange gains | - | 196 | ||||||
Other | 25 | 62 | ||||||
Total non-operating income | 2,003 | 1,437 | ||||||
Non-operating expenses | ||||||||
Interest expenses | 573 | 916 | ||||||
Commission expenses | 31 | 111 | ||||||
Foreign exchange losses | 83 | - | ||||||
Other | 63 | 32 | ||||||
Total non-operating expenses | 751 | 1,059 | ||||||
Ordinary profit | 20,647 | 35,418 | ||||||
Profit before income taxes | 20,647 | 35,418 | ||||||
Income taxes | 5,799 | 10,379 | ||||||
Profit | 14,847 | 25,038 | ||||||
Profit attributable to non-controlling interests | 5 | 2,384 | ||||||
Profit attributable to owners of parent | 14,842 | 22,653 |
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Open House Group Co., Ltd. (3288)
Consolidated Quarterly Statements of Comprehensive Income
(Millions of yen) | ||||||
Three months ended | Three months ended | |||||
December 31, 2020 | December 31, 2021 | |||||
(From October 1, 2020 | (From October 1, 2021 | |||||
to December 31, 2020) | to December 31, 2021) | |||||
Profit | 14,847 | 25,038 | ||||
Other comprehensive income |
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Share of other comprehensive income of entities accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non- controlling interests
8 | (1) | |||
(684) | 1,018 | |||
3 | ||||
2 | ||||
(672) | 1,019 | |||
14,174 | 26,057 | |||
14,169 | ||||
23,672 | ||||
5 | 2,384 |
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Open House Group Co., Ltd. (3288)
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Open House Co. Ltd. published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 06:52:09 UTC.