Note: Please note that this document is a Japanese-English translation of the summary of the official announcement in Japanese "Kessan Tanshin" for reference purposes only.
Summary of Consolidated Financial Results
for the Second Quarter Ended September 30, 2021〔Based on Japanese GAAP〕
May 14, 2021
Company name: | Open House Co., Ltd. |
Stock exchange listings: | Tokyo Stock Exchange, First section |
Code Number: | 3288 |
URL: | https://openhouse-group.co.jp/ir |
Representative: | Masaaki Arai, President and CEO |
Scheduled date of quarterly securities report filing: | May 14, 2021 |
Scheduled starting date of dividend payments: | June 11, 2021 |
Supplementary materials for quarterly financial results: | Yes |
Quarterly results briefing meeting : | Yes (for institutional investors and analysts in Japanese) |
(Million yen, rounded down) |
1. Consolidated Financial Results for the Second Quarter Ended September 30, 2021 (October 1, 2020 to March 31, 2021)
(1) Consolidated operating results (Cumulative) | (% figures indicate year-on-year change) | |||||||||||
Revenue | Operating income | Ordinary income | Profit attributable to | |||||||||
owners of parent | ||||||||||||
Six months ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||
March 31, 2021 | 363,945 | 39.0 | 41,614 | 53.9 | 40,699 | 56.0 | 32,751 | 80.6 | ||||
March 31, 2020 | 261,922 | 7.9 | 27,035 | 13.6 | 26,091 | 17.6 | 18,136 | 12.4 | ||||
(Note) Comprehensive | income: Six months ended March 31, 2021 | ¥ | 34,019 million | [ 85.2%] | ||||||||
Six months ended March 31, 2020 | ¥ | 18,365 million [ 16.0%] | ||||||||||
EPS | Diluted EPS | |||||||||||
Six months ended | Yen | Yen | ||||||||||
March 31, 2021 | 260.24 | 259.15 | ||||||||||
March 31, 2020 | 164.03 | 163.02 |
(2) Consolidated Financial Position | |||
Total assets | Net assets | Equity ratio | |
As of | Million yen | Million yen | % |
March 31, 2021 | 829,680 | 313,212 | 31.7 |
September 30, 2020 | 569,038 | 233,695 | 41.0 |
(Reference) Shareholders' equity: As of March 31, 2021 | ¥ 262,781 million |
As of September 30, 2020 | ¥ 233,477 million |
2. Dividends
Annual dividends per share | |||||
1Q-end | 2Q-end | 3Q-end | Year-end | Total | |
Yen | Yen | Yen | Yen | Yen | |
FY 2020 | ― | 40.00 | ― | 40.00 | 80.00 |
FY 2021 | ― | 50.00 | |||
FY 2021 (Forecast) | ― | 60.00 | 110.00 |
(Note) Revision of the latest dividend forecast: Yes
3. Forecast of Consolidated Financial Results for FY2021 (October 1, 2020 to September 30, 2021)
(% figures indicate year-on-year change)
Revenue | Operating income | Ordinary income | Profit attributable to | EPS | |||||||
owners of parent | |||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |||
Full year | 788,000 | 36.8 | 96,000 | 93,000 | 67,000 | 532.39 | |||||
54.5 | 20.2 | 12.6 | |||||||||
(Note) Revision of the latest consolidated results forecast: | Yes | ||||||||||
Open House Co., Ltd. (3288) | 1 | |
*Notes:
(1) Significant changes in consolidated subsidiaries during the period
(Changes in specific subsidiaries resulting in a change in the scope of consolidation): Yes
New: 1 (Pressance Corporation Co.,Ltd.)
- Adoptions of special accounting methods in presentation of quarterly financial statements: Yes
- Changes in accounting policies, changes of accounting estimates, and revisions and restatements ⅰ) Changes in accounting policies in accordance with changes in accounting principles: None
ⅱ) Changes in accounting policies other than the above: | None | ||
ⅲ) Changes in accounting estimates: | None | ||
ⅳ) Revisions and restatements: | None | ||
(4) Number of shares issued and outstanding (common stock) | |||
ⅰ) Number of shares issued at period-end (including treasury stock) | |||
March 31, 2021: | 125,947,000 shares | September 30, 2020: | 125,819,100 shares |
ⅱ) Treasury stock at period-end | |||
March 31, 2021: | 41 shares | September 30, 2020: | 41 shares |
ⅲ) Average number of shares issued during the period (quarterly consolidated cumulative basis)
March 31, 2021: 125,848,102 shares | March 31, 2020: 110,571,232 shares |
- This quarterly financial results report is not subject to quarterly review procedure based on the Financial Instruments and Exchange Act.
- Notes regarding forward-looking statements:
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.
Open House Co., Ltd. (3288) | 2 | |
Consolidated Quarterly Financial Statements
1)Consolidated Quarterly Balance Sheets
(Million yen) | ||||||||||||||||
End of FY2020 | End of FY2021 2Q | |||||||||||||||
(as of September 30, 2020) | (as of March 31, 2021) | |||||||||||||||
Assets | ||||||||||||||||
Current assets | ||||||||||||||||
Cash and deposits | 219,227 | 314,754 | ||||||||||||||
Operating accounts receivable | 620 | 1,176 | ||||||||||||||
Real estate for sale | 64,372 | 68,821 | ||||||||||||||
Real estate for sale in process | 172,914 | 342,549 | ||||||||||||||
Operating loans | 37,463 | 35,984 | ||||||||||||||
Other | 12,787 | 17,052 | ||||||||||||||
Allowance for doubtful accounts | (262) | (374) | ||||||||||||||
Total current assets | 507,123 | 779,963 | ||||||||||||||
Non-current assets | ||||||||||||||||
Property, plant and equipment | 5,010 | 19,808 | ||||||||||||||
Intangible assets | 3,080 | 3,119 | ||||||||||||||
Investments and other assets | 53,798 | 26,767 | ||||||||||||||
Total non-current assets | 61,890 | 49,695 | ||||||||||||||
Deferred assets | 24 | 21 | ||||||||||||||
Total assets | 569,038 | 829,680 | ||||||||||||||
Liabilities | ||||||||||||||||
Current liabilities | ||||||||||||||||
Notes payable | 4,831 | 1,323 | ||||||||||||||
Operating accounts payable | 17,525 | 20,733 | ||||||||||||||
Electronically recorded monetary claims | ― | 9,606 | ||||||||||||||
Short-term loans payable | 103,930 | 139,936 | ||||||||||||||
Current portion of bonds | 242 | 242 | ||||||||||||||
Current portion of long-term loans payable | 8,912 | 70,375 | ||||||||||||||
Income taxes payable | 10,831 | 18,565 | ||||||||||||||
Provision | 3,771 | 4,448 | ||||||||||||||
Other | 26,669 | 36,433 | ||||||||||||||
Total current liabilities | 176,713 | 301,665 | ||||||||||||||
Non-current liabilities | ||||||||||||||||
Bonds payable | 847 | 726 | ||||||||||||||
Long-term loans payable | 157,347 | 212,837 | ||||||||||||||
Provision for share awards | ― | 231 | ||||||||||||||
Retirement benefit liability | 328 | 349 | ||||||||||||||
Asset retirement obligations | 105 | 119 | ||||||||||||||
Other | ― | 539 | ||||||||||||||
Total non-current liabilities | 158,628 | 214,802 | ||||||||||||||
Total liabilities | 335,342 | 516,467 | ||||||||||||||
Net assets | ||||||||||||||||
Shareholders' equity | ||||||||||||||||
Capital stock | 19,741 | 19,829 | ||||||||||||||
Capital surplus | 28,877 | 28,965 | ||||||||||||||
Retained earnings | 186,047 | 213,751 | ||||||||||||||
Treasury shares | (0) | (0) | ||||||||||||||
Total shareholders' equity | 234,666 | 262,546 | ||||||||||||||
Accumulated other comprehensive income | ||||||||||||||||
Valuation difference on available-for-sale securities | 7 | 10 | ||||||||||||||
Foreign currency translation adjustment | (1,195) | 224 | ||||||||||||||
Total accumulated other comprehensive income | (1,188) | 235 | ||||||||||||||
Subscription rights to shares | 217 | 576 | ||||||||||||||
Non-controlling interests | ― | 49,854 | ||||||||||||||
Total net assets | 233,695 | 313,212 | ||||||||||||||
Total liabilities and net assets | 569,038 | 829,680 | ||||||||||||||
Open House Co., Ltd. (3288) | 3 | |
2)Consolidated Quarterly Statements of Income and Consolidated Quarterly Statements of Comprehensive Income Consolidated Quarterly Statements of Income
(Million yen) | ||||||||
Six months ended | Six months ended | |||||||
March 31, 2020 | March 31, 2021 | |||||||
(From October 1, 2019 | (From October 1, 2020 | |||||||
to March 31, 2020) | to March 31, 2021) | |||||||
Revenue | 261,922 | 363,945 | ||||||
Cost of revenue | 218,778 | 298,101 | ||||||
Gross profit | 43,143 | 65,843 | ||||||
Selling, general and administrative expenses | 16,108 | 24,229 | ||||||
Operating income | 27,035 | 41,614 | ||||||
Non-operating income | ||||||||
Interest income | 59 | 11 | ||||||
Dividends income | 0 | 11 | ||||||
House rent income | 71 | 70 | ||||||
Gain on sale of investment securities | 109 | - | ||||||
Share of profit of entities accounted for using equity | - | 1,448 | ||||||
method | ||||||||
Other | 166 | 541 | ||||||
Total non-operating income | 407 | 2,082 | ||||||
Non-operating expenses | ||||||||
Interest expenses | 1,069 | 1,371 | ||||||
Commission expenses | 180 | 321 | ||||||
Loss on valuation of investment securities | - | 908 | ||||||
Other | 101 | 396 | ||||||
Total non-operating expenses | 1,350 | 2,997 | ||||||
Ordinary income | 26,091 | 40,699 | ||||||
Extraordinary income | ||||||||
Gain on bargain purchase | - | 15,475 | ||||||
Total extraordinary income | - | 15,475 | ||||||
Extraordinary losses | ||||||||
Loss on step acquisitions | - | 11,095 | ||||||
Total extraordinary losses | - | 11,095 | ||||||
Profit before income taxes | 26,091 | 45,079 | ||||||
Income taxes | 7,954 | 12,483 | ||||||
Profit | 18,136 | 32,596 | ||||||
Loss attributable to non-controlling interests | - | (155) | ||||||
Profit attributable to owners of parent | 18,136 | 32,751 |
Open House Co., Ltd. (3288) | 4 | |
Consolidated Quarterly Statements of Comprehensive Income
(Million yen) | |||||||
Six months ended | Six months ended | ||||||
March 31, 2020 | March 31, 2021 | ||||||
(From October 1, 2019 | (From October 1, 2020 | ||||||
to March 31, 2020) | to March 31, 2021) | ||||||
Profit | 18,136 | 32,596 | |||||
Other comprehensive income | |||||||
Valuation difference on available-for-sale securities | (2) | 2 | |||||
Foreign currency translation adjustment | 231 | 1,416 | |||||
Share of other comprehensive income of entities | - | 3 | |||||
accounted for using equity method | |||||||
Total other comprehensive income | 229 | 1,423 | |||||
Comprehensive income | 18,365 | 34,019 | |||||
Comprehensive income attributable to | |||||||
Comprehensive income attributable to owners of | 18,365 | 34,178 | |||||
parent | |||||||
Comprehensive income attributable to | - | (158) | |||||
non-controlling interests | |||||||
Open House Co., Ltd. (3288) | 5 | |
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Open House Co. Ltd. published this content on 14 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 14:46:13 UTC.