Heiwa Real Estate Co., Ltd. · TSE:8803
Heiwa Real Estate — FY2010 Earnings Presentation
18 slides from Heiwa Real Estate's earnings presentation, May 18, 2011
Slide 1: Financial Results for Fiscal Year Ended March 31, 2011
Financial Results for Fiscal Year Ended March 31, 2011 HEIWA REAL ESTATE CO., LTD. 2011.05.18 Security Code: 8803
Slide 2: Contents
CONTENTS Page Page Overview of Fiscal Year Ended March 31, 2011 – Real Estate Development Business – Value 3 11 Achievement of Business Targets Chain/Overview of SPC, etc. Recovering Housing Development Business Information by Segment – Leasing Business 4 12 – Joint Condominium Sale Business Informa
Slide 3: Overview of Fiscal Year Ended March 31, 2011 – Achievement of Business Targets
Overview of Fiscal Year Ended March 31, 2011 – Achievement of Business Targets A year to solidify the foundations for growth c Ensuring stable profits dRestructuring the revenue base e Strengthening financial conditions x A further gain in office occupancy rates x Growth of HEIWA REAL ESTATE REIT IN
Slide 4: Information by Segment – Leasing Business
Information by Segment – Leasing Business Revenue increase of 1.0 billion yen due to the launch of the operation of a new building, new tenants moving in, etc. Revenue decline of 1.3 billion yen due to the sale of a building, tenants moving out and rent reductions Lease housing: A new building
Slide 5: Information by Segment – Real Estate Development Business
Information by Segment – Real Estate Development Business Increase in fee revenue through HEIWA REAL ESTATE ASSET MANAGEMENT CO., LTD. Increase in real estate development income due to sale of Shinsaibashi SI Building Fiscal Year ended Fiscal Year ended Year-on-Year Year-on-Year (%) March 31, 20
Slide 6: Information by Segment – Housing Development Business
Information by Segment – Housing Development Business Achieved sales in line with plan Reduction in completed inventories (from 202 units to 80 units) Fiscal Year Fiscal Year Year-on-Year ended March 31, ended March 31, Year-on-Year 2010 2011 (%) Operating revenue (millions of yen) 11,563 6,338
Slide 7: Balance Sheet Status
Balance Sheet Status Note: • The amount of assets not directly associated with the businesses presented, such as assets belonging to the administrative division, is excluded. Asset downsizing – Continuation of inventory reduction – • Inventories include “Operating investment.” • The amounts are the
Slide 8: Leasing Business – New Construction Project: Ichibancho Heiwa Bldg.
Leasing Business – New Construction Project: Ichibancho Heiwa Bldg. Mitsukoshi Dai-Ichi Life Tower West 3 Exit West 2 Exit AER FORUS Ichibancho PARCO APPLE Denryoku Store Bldg. Heiwa Bldg. S-PAL II COACH ZARA SAKURANO DIOR Daiei Sendai GUCCI First Tower Station FUJISAKI LUIS GAP VUITTON The 77Bank S
Slide 9: Leasing Business – Distribution of Main Asset Holdings
Leasing Business – Distribution of Main Asset Holdings Sapporo Dogin Bldg. [Hokkaido] Hotel Brighton City The Osaka Securities Dogin Bldg. Osaka Kitahama Exchange Bldg. Shin-Odori Building Sapporo Ekimae Godo Bldg. [Kinki] Park East Sapporo The Osaka Securities Exchange Bldg. Osaka Heiwa Bldg. Ichib
Slide 10: Leasing Business – Changes in Building Vacancy Rates
Leasing Business – Changes in Building Vacancy Rates Changes in vacancy rates HEIWA REAL ESTATE Tokyo Metropolitan area HEIWA REAL ESTATE all properties (%) Tokyo office m arket central five w ards (Source: CBRE - Japan) 7.6 8.0 7.0 6.0 6.0 6.0 5.0 4.4 3.9 4.0 2.9 2.9 3.3 2.0 1.8 1.8 1.9 1.4 1.8 1
Slide 11: Real Estate Development Business – Value Chain/Overview of SPC, etc.
Real Estate Development Business – Value Chain/Overview of SPC*, etc. *SPC (Special Purpose Company) Value chain HEIWA SERVICE CO., LTD. HEIWA REAL ESTATE CO., LTD. Property acquisition Development PM* Sale PM Wholly-owned Supply Dispatching properties directors & employees HEIWA REAL ESTATE ASSET M
Slide 12: Housing Development Business – Joint Condominium Sale Business
Housing Development Business – Joint Condominium Sale Business Name: GRANSYMPHONIA Location: Toda-city, Saitama (8 minutes walk from Toda Koen Station on the Saikyo Line) HEIWA REAL ESTATE share: 25% Total units: 923 (Zone I: 675, Zone II: 248) <Changes in the number of model room visitors b
Slide 13: Mission and Strategy of the Heiwa Real Estate Group
Mission and Strategy of the Heiwa Real Estate Group Mission of the Heiwa Real Estate Group Achieve growth that meets Maintain stability as owner of stock Operate shareholder expectations exchange buildings HEIWA REAL ESTATE REIT INC. Medium to long term goals of Heiwa Real Estate Increase revenue
Slide 14: Strategic Partner – Mitsubishi Estate
Strategic Partner – Mitsubishi Estate The Company’s needs Mitsubishi Estate Strengthen development Favorable views on joint development focusing on the Kabutocho area capability Superior track record in redevelopment, mainly in the Marunouchi area Has acted as partner in many projects (includi
Slide 15: Potential of Kabutocho Area – Toward Redevelopment Projects
Potential of Kabutocho Area – Toward Redevelopment Projects Kabutocho is a high-potential area, although the role it previously had served as a securities district has changed since of the Tokyo Stock Exchange’s trading floor closed Easy access to five subway lines Convenient access Proximity to Tok
Slide 16: Forecasted Consolidated Financial Results for Fiscal Year ending March 31, 2012
Forecasted Consolidated Financial Results for Fiscal Year ending March 31, 2012 Fiscal Year ended Fiscal Year ending Year-on-Year Year-on-Year (%) March 31, 2011 March 31, 2012 (Forecast) Operating revenue (millions of yen) 30,135 29,000 (1,135) (3.8) Leasing Business 18,244 18,300 +56 +0.3 Real Est
Slide 17: Forecast by Segment
Forecast by Segment Leasing Business Fiscal Year ended Fiscal Year ending Year-on-Year Year-on-Year March 31, 2011 March 31, 2012 (Forecast) (%) ◆ Revenue increase due to the launch of the Operating revenue (millions of yen) 18,244 18,300 +56 +0.3 operation of a new building, new tenants moving in,
Slide 18: Business Environment, Priority Measures and Dividend
Business Environment, Priority Measures and Dividend Significant damage has been caused by the Great East Japan Earthquake, which is feared to affect the Japanese Business environment economy in terms of production activities and corporate earnings due to issues including power shortages Leasing Bus