Financial Results for the Fiscal Year 2022
Tosei Corporation
Tokyo Stock Exchange, Prime Market Code : 8923
Singapore Exchange, Mainboard Code : S2D
January 12, 2023
Copyright © 2023 TOSEI CORPORATION, All Rights Reserved.
Index
l. Overview of Results for the FY2022 | …P3 |
FY2022- Highlights - | …P4 |
Summary of Profit and Loss Statement (P/L) | …P5 |
Business Results By Segment | |
Revitalization Business | …P6 |
Development Business | …P7 |
Acquisitions in Revitalization and Development Businesses | …P8 |
Rental Business | …P9 |
Fund and Consulting Business | …P10 |
Property Management Business | …P11 |
Hotel Business | …P12 |
Summary of Balance Sheet | |
Assets | …P13 |
Liabilities/Equity | …P14 |
Inventories | …P15,16 |
Fixed Assets (Investment Properties and PPE) | …P17 |
Borrowings from Financial Institutions | …P18 |
Overview of Segment Results | …P19,20 |
Summary of Cash Flow Statements | …P21 |
II. Business Strategies for FY2023 | …P22 |
FY2023 Business Environment | |
1.Progress of Medium-term Management Plan | …P23 |
2. Strategy | …P24 |
3. Real Estate Market Environment | …P25 |
Forecast for FY2023 | …P26 |
Forecast for FY2023 by Segment | …P27 |
Business Strategies and Measures | |
1.Revitalization Business | …P28 |
2. Development Business | …P29,30 |
Acquisition Strategies | …P31 |
3. Fund and Consulting Business | …P32 |
TOPICS: Strength of Fund and Consulting Business | …P33 |
TOPICS: Tosei Group's Intergroup Synergies | …P34 |
TOPICS: Tosei Group's Potential Shareholder Value | …P35 |
4. Rental Business, 5. Property Management Business | …P36 |
6. Hotel Business | …P37 |
Shareholder Returns Policy | …P38 |
Stock Price Perception | …P39 |
III. Reference Materials for the first-time visitors to Tosei | …P40 |
IV. The Tosei Group's ESG | …P52 |
Copyright © 2023 TOSEI CORPORATION, All Rights Reserved. | 2 |
l. Overview of Results for the FY2022
Copyright © 2023 TOSEI CORPORATION, All Rights Reserved. | 3 |
FY2022 - Highlights -
- Revenue ¥70.9B (up 14.9% YoY), Profit Before Tax ¥12.7B (up 23.8% YoY), Profit for the Period ¥8.6B (up 28.0% YoY).
- Both revenue and profits landed in line with the revised forecast announced on Nov. 11, 2022 and both hit record highs.
- Fund and Consulting Business has steadily expanded with assets under management (AUM) exceeding ¥1.7 trillion.
Revenue
Operating Profit | Operating Profit by Segment and Stable Business Ratio | |
4Q | 3Q | |
2Q | 1Q | |
(¥million)
63,939
7,630
11,259
21,581
23,468
61,726
9,414
11,378
15,831
25,101
70,953
16,020
11,380
17,236
26,315
13,514 | |||
10,965 | 2,358 | ||
6,427 | 0 | (4Q) | |
1,798 | |||
1,782 | 1,732 | ||
2,474 | 4,592 | 3,672 | |
5,535 | 4,640 | 5,685 | |
(¥million) | 43.0% | Stable Business Ratio | ||||||||||||||
40.7% | ||||||||||||||||
13,514 | * Calculated without Head office expenses | |||||||||||||||
77.8% | 10,965 | |||||||||||||||
878 | ||||||||||||||||
6,427 | 672 | 3,218 | Hotel | |||||||||||||
667 | 3,137 | |||||||||||||||
Stable | Property Management | |||||||||||||||
3,041 | ||||||||||||||||
4,193 | 2,700 | Businesses | Fund and Consulting | |||||||||||||
Rental | ||||||||||||||||
1,060 | ||||||||||||||||
2,958 | ||||||||||||||||
2,319 | Development | |||||||||||||||
Revitalization | ||||||||||||||||
7,203 | ||||||||||||||||
6,102 | ||||||||||||||||
5,596 | ||||||||||||||||
-838 -315
-3,743-2,970 -2,369
(Head office expenses, etc.)
-673
(Head office expenses, etc.)
FY2020 FY2021 FY2022
-3,364 | FY2021 | FY2022 |
FY2020
-1,933 FY2021 FY2022
(Head office expenses, etc.)
FY2020
Profit Before Tax |
Profit for the Year/Period | Stable Business Profit and Fixed Cost Coverage Ratio |
12,753 | |||||||
10,302 | |||||||
5,901 | 2,237 | ||||||
1,529 | 1,515 | ||||||
1,744 | 4,491 | 3,580 | |||||
2,266 | |||||||
5,359 | 5,420 | ||||||
4,468 | |||||||
-186 | |||||||
-3,468 | (4Q) | ||||||
FY2021 | FY2022 | ||||||
FY2020 |
ROE
6.1% 10.8% 12.5%
8,607
6,723 1,431
3,602 956 1,068
1,133 | 3,043 | 2,482 | ||
1,321 | ||||
3,587 | 3,625 | |||
3,079 |
-355 | (4Q) | |
-2,440 | FY2021 | |
FY2022 | ||
FY2020 |
(¥million) | 106.6% | Fixed Cost | |||||||||||||||
Coverage Ratio | |||||||||||||||||
129.6% | 103.3% | * Stable Business Profit ÷Fixed Cost | |||||||||||||||
Fixed Cost | |||||||||||||||||
10,245 | 11,818 12,598 | Stable Business Profit | |||||||||||||||
9,607 | 9,887 | ||||||||||||||||
7,923 | |||||||||||||||||
FY2020 | FY2021 | FY2022 | |||||||||||||||
*Stable Business Profit = the sum of Gross Profit (net of effects of internal transactions) of | |||||||||||||||||
Businesses (Rental, Fund & Consulting, Property Management, and Hotel) | |||||||||||||||||
the four Stable | 4 | ||||||||||||||||
*Fixed Cost = | Selling, general and administrative expenses - Property Selling Expenses + Interest expenses |
Summary of Profit and Loss Statement (P/L)
(¥million) | |||||||||||||
YoY change | |||||||||||||
FY2021 | FY2022 | ||||||||||||
Composition | Composition | YoY Change | |||||||||||
Ratio | Ratio | ||||||||||||
Revenue | 61,726 | 100.0% | 70,953 | 100.0% | 9,227 | 14.9% | |||||||
Cost of Revenue | 41,024 | 66.5% | 45,686 | 64.4% | 4,661 | 11.4% | |||||||
Gross Profit | 20,701 | 33.5% | 25,267 | 35.6% | 4,565 | 22.1% | |||||||
Selling, General and Administrative Expenses | 9,778 | 15.8% | 12,107 | 17.1% | 2,328 | 23.8% | |||||||
(Property Selling Expenses) | 1,083 | 1.8% | 1,426 | 2.0% | 343 | 31.7% | |||||||
(Expenses Excluding Above) | 8,695 | 14.1% | 10,680 | 15.1% | 1,985 | 22.8% | |||||||
Other Income | 177 | 0.3% | 359 | 0.5% | 182 | 103.1% | |||||||
Other Expenses | 134 | 0.2% | 5 | 0.0% | -128 | -95.8% | |||||||
Operating Profit | 10,965 | 17.8% | 13,514 | 19.0% | 2,548 | 23.2% | |||||||
Financial Income | 249 | 0.4% | 377 | 0.5% | 128 | 51.3% | |||||||
Financial Costs | 912 | 1.5% | 1,138 | 1.6% | 225 | 24.7% | |||||||
Profit Before Tax | 10,302 | 16.7% | 12,753 | 18.0% | 2,450 | 23.8% | |||||||
Income Tax Expense | 3,578 | - | 4,146 | - | 567 | - | |||||||
Profit for the Year/Period | 6,723 | 10.9% | 8,607 | 12.1% | 1,883 | 28.0% | |||||||
(Owners of the parent) | 6,721 | - | 8,607 | - | 1,885 | - | |||||||
(Non-controlling interests) | 2 | - | - | - | -2 | - | |||||||
Comprehensive Income for the Year/Period | 7,136 | 11.6% | 8,784 | 12.4% | 1,647 | 23.1% | |||||||
EPS(¥) | 142.56 | 181.66 | 39.10 | 27.4% | 5 | ||||||||
Copyright © 2023 TOSEI CORPORATION, All Rights Reserved. |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
TOSEI Corporation published this content on 30 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2023 06:53:10 UTC.