Sansei Landic : 【Delayed】Supplementary Materials for Consolidated Financial Results for FY12.2021

Sansei Landic Co., Ltd.

Supplementary Materials for

Consolidated Financial Results for

FY12/21

February 14, 2022

FY12/21 Topics

• Net sales fell short of the previous year results and the plan. However, each profit exceeded the previous year results and the plan, as gross margin increased reflecting an increased sales ratio of leasehold land and increased profit margins in leasehold land, old unutilized properties, and freehold. With this, we have revised upwardly our business forecasts.
• We have also revised upwardly our dividend forecasts. The year-end dividend for FY12/21 will be increased by 1 yen per share from 25 yen to 26 yen, and the year-end dividend forecast for FY12/22 will be increased by 1 yen per share to 27 yen. This is the ninth consecutive year of dividend increases.
• We focus on profit rather than sales, and the current profit level is on a steady recovery trend.
• The performance of the Construction business fell short of the previous year results and the plan.

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Financial Results（Consolidated）

	(Unit: million yen)	FY12/19	FY12/20		FY12/21
		Results	Results	Plan	Results	Difference
	Net sales	18,020	17,774	18,385	16,836	-1,549
	Gross profit	5,118	3,986	4,368	4,368	0

		SG&A	3,257	3,138	3,449	3,250	-198
		Operating	1,860	847	919	1,117	+198
		income
		Ordinary	1,758	709	762	999	+237
		income
		Extraordinary	―	32	―	3	+3
		income
		Extraordinary	―	29	―	―	―
		loss
		Net income	1,158	357	505	609	+104

■Net sales

-5.3％ YoY

■Gross profit

+9.6% YoY

■SG&A

+3.6% YoY

■Operating income

+31.9% YoY

■Ordinary income

+40.9% YoY

■Net income

+70.5% YoY

2

Financial Results（Non-consolidated）

			(Unit: million yen)	FY12/19	FY12/20		FY12/21
					Results	Results	Plan	Results	Difference
		Net sales	16,266	16,111	17,706	15,529	-2,176
		Gross profit	4,879	3,727	4,263	4,274	+11
		SG&A	2,981	2,881	3,315	3,011	-303
		Operating	1,898	845	948	1,263	+315
		income
		Ordinary	1,752	671	762	993	+230
		income
		Extraordinary	―	31	―	3	+3
		income
		Extraordinary	―	―	―	―	―
		loss
		Net income	1,172	177	505	603	+97

■Net sales

-3.6％ YoY

■Gross profit

+14.7% YoY

■SG&A

+4.5％ YoY

• Operating income

+49.4% YoY

■Ordinary income

+48.0% YoY

■Net income

+240.3% YoY

3

Summary of Consolidated Balance Sheet

							(Unit: million yen)
				FY12/20		FY12/21
				Amount	Amount	Vs. end of	Pct. change
				previous term
	Cash and
	4,329	5,360	+1,030	+23.8％
	deposits
	Property for sale	14,424	13,301	-1,123	-7.8%
	Interest-bearing	8,341	8,107	-234	-2.8%
	liabilities
	Net assets	10,066	10,301	+235	+2.3%
	Total assets	20,070	20,050	-20	-0.1%
	Shareholders'	50.1%	51.4%	+1.3pt	―
	equity ratio

■Cash and deposits Increased due to active capitalization of some properties held.

■Property for sale

Decreased from the end of the previous fiscal year, mainly due to active capitalization of some properties held.

■Interest-bearing liabilities Short-term loans payable increased due to purchase of properties, while long-term loans payable decreased.

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