Shinnihon Corporation · TSE:1879
Shinnihon — FY2025/3 Earnings Presentation
28 slides from Shinnihon's earnings presentation, June 2025
Slide 1: Financial Results Presentation
Note: This document has been translated from a part of 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. Fiscal Year Ended March 31, 2025 Financial Results Presentation TSE Prime:
Slide 2: I Summary of Results
I Summary of Results II Results and Dividend Forecasts SHINNIHON CORPORATION III Business Model and Strengths IV Topics V Corporate Profile
Slide 3: Financial Summary
Financial Summary Note: On a consolidated basis. The same applies hereinafter. Net sales ¥ 131.6 billion YoY -1.4 % Increased for four Operating profit ¥ 18.3 billion YoY +4.2 % consecutive years Record high Increased for four Ordinary profit ¥ 18.3 billion YoY +4.0 % consecutive years Record high I
Slide 4: Net sales and Gross Profit
Net sales and Gross Profit (Millions of yen) Net sales decreased 1.4% year on year to 131.6 billion yen. Gross profit rose 2.9% year on year to 23.5 billion yen. Profit has increased for four consecutive years and reached a record high due to the improvement of the profit ratio. Net sales and gros
Slide 5: Ordinary Profit and Profit Attributable to Owners of Parent
Ordinary Profit and Profit Attributable to Owners of Parent (Millions of yen) Ordinary profit increased 4.0% year on year to 18.3 billion yen. Profit increased 4.3% year on year to 12.8 billion yen. Both have increased for four consecutive years and reached record highs. Changes in ordinary profit
Slide 6: ROE and ROA
ROE and ROA (Millions of yen) Both profit level and asset size have been expanding and growing steadily. Both ROE and ROA have remained steady at 10-12%. Changes in return on equity (ROE) and return on asset (ROA) ROE 12.4% 11.4% 10.9% ROA 11.6% 10.9% 10.8% 168,154 172,954 156,025 Total assets 122
Slide 7: Construction Business
Construction Business (Millions of yen) The earnings environment has remained difficult due to the labor shortage and the persistently high prices of materials. Sales have increased for four consecutive years. Profit increased due to the recovery of the profit ratio. Changes in net sales of comp
Slide 8: Development Business and Other
Development Business and Other (Millions of yen) The condominium market in the Tokyo metropolitan area, mainly the market for condominiums for the wealthy in the center of Tokyo, remained nearly steady. Both sales and profit decreased despite an improved profit ratio due to a decrease in delivered
Slide 9: Financial Position
Financial Position (Millions of yen) Total assets: Notes and accounts receivable Liabilities: Notes and accounts payable on on completed construction construction contracts and other contracts and other increased decreased 6.4 billion yen. 5.8 billion yen. Net assets: Retained earnings increased 9.0
Slide 10: Cash and Deposits and Borrowings
Cash and Deposits and Borrowings (Millions of yen) We have had virtually had no debt since the fiscal year ended March 31, 2016 and have had no year-end borrowings since the fiscal year ended March 31, 2019. Cash and deposits decreased mainly due to the shortened term to maturity of notes payable,
Slide 11: Equity-to-asset ratio
Equity-to-asset ratio (Millions of yen) Total assets increased 4.8 billion yen from the end of the previous fiscal year. Net assets increased 9.2 billion yen from the end of the previous fiscal year. The equity-to-asset ratio rose 3.4 percentage points to 70.7%. Changes in total assets and equity
Slide 12: Cash Flows
Cash Flows (Millions of yen) Cash and cash equivalents decreased 35.5 billion yen from the end of the previous fiscal year to 48.6 billion yen. The major factor for this is a decrease of cash flows from investing activities of 34.4 billion yen, which was a result of the payment of 34.0 billion yen
Slide 13: Make to Order
Make to Order (Millions of yen) Breakdown of make to order Development Business and other Construction Business 58,940 81,558 Condominiums [42.0%] 43,621 [58.0%] Composition of the Development [31.1%] Composition of the Business and other Residence Construction Business 57,292 Total 140,498 [40.8%]
Slide 14: Make to Order: Construction Business
Make to Order: Construction Business (Millions of yen) Breakdown of the Construction Business by area Major properties for which orders were received Project name Project owner Use APA Hotel APA Home and others Accommodations Saitama <Nihombashi Kodenmacho Ekimae Minami> 8,977 Kami-ikebukuro Chintai
Slide 15: Make to Order: Development Business and Other
Make to Order: Development Business and Other (Millions of yen) Breakdown of condominiums by area Major delivered properties Number of units Walking distance Property name sold from station Saitama Excellent City Hon-Atsugi Ekimae 234 1 min 3,408 [7.8%] Excellent City Tachikawa The Residence 114 8 m
Slide 16: Number of Condominium Units Supplied in the Tokyo Metropolitan Area
Number of Condominium Units Supplied in the Tokyo Metropolitan Area The number of condominium units supplied in the Tokyo metropolitan area decreased by more than 75% from the peak in 2000. We have steadily increased the number of condominium units supplied, achieving 864 units in FY2024. Number o
Slide 17: Dividends Paid
Dividends Paid Our basic policy is to provide stable dividends, and we consider the risks involved in the development business and the optimal balance between growth investments and shareholder returns. We added a 60th anniversary dividend of 3 yen to the year-end dividend. Changes in dividends pe
Slide 18: II Results and Dividend Forecasts
I Summary of Results II Results and Dividend Forecasts SHINNIHON CORPORATION III Business Model and Strengths IV Topics V Corporate Profile
Slide 19: Results and Dividend Forecasts
Results and Dividend Forecasts The dividend per share will be 56 yen. The payout ratio is forecast to be 25.0%. Net sales ¥ 135.0 billion YoY +2.5 % Operating profit ¥ 18.6 billion YoY +1.6 % Ordinary profit ¥ 18.8 billion YoY +2.3 % Profit attributable to owners of parent ¥ 13.1 billion YoY +2.2
Slide 20: III Business Model and Strengths
I Summary of Results II Results and Dividend Forecasts SHINNIHON CORPORATION III Business Model and Strengths IV Topics V Corporate Profile
Slide 21: Business Model and Strengths (1)
Business Model and Strengths (1) A general builder that functions as a developer Producing synergy from the coordination of the two businesses Construction Business As a locally based company in Chiba, we have built strong alliances with our partner companies in Chiba Prefecture. We operate th
Slide 22: Business Model and Strengths (2)
Business Model and Strengths (2) We have established a unique business model. High profitability achieved We maintain a strong financial base. Reducing risks in the development business and regarding potential economic recessions Our unique integrated in-house construction and sales system busin
Slide 23: IV Topics
I Summary of Results II Results and Dividend Forecasts SHINNIHON CORPORATION III Business Model and Strengths IV Topics V Corporate Profile
Slide 24: Topics (1)
Topics (1) Participation in the Kaihin Makuhari Park 60th anniversary events redevelopment and revitalization project Donation of a high-spec ambulance to the Chiba Creating bustle by developing an open space for City government markets and events as well as commercial A major sports festival
Slide 25: Topics (2)
Topics (2) 2024 ranking of condominiums Excellent City Makuhari THE GRAN available for sale in the Tokyo metropolitan area Easy access to three train stations on three lines Business owner 7th (JR Sobu Line, JR Keiyo Line and Keisei Chiba Line) Sales company 9th Adjacent to a large commercia
Slide 26: V Corporate Profile
I Summary of Results II Results and Dividend Forecasts SHINNIHON CORPORATION III Business Model and Strengths IV Topics V Corporate Profile
Slide 27: Corporate Profile
Corporate Profile Corporate Profile Company name SHINNIHON CORPORATION Securities code 1879 (Tokyo Stock Exchange Prime Market) Head office 1-4-3 Hibino, Mihama-ku, Chiba-shi, Chiba Prefecture 261-0021 URL https://www.shinnihon-c.co.jp/ Established October 16, 1964 Founded in 1923 Representative Kat
Slide 28: Inquiries
SHINNIHON CORPORATION Inquiries Financial Planning Department Phone: +81-43-213-1111 (main line) E-mail: keiki@shinnihon-c.co.jp The financial performance forecasts and other forward-looking statements contained in this document are based on information currently available to and certain assumptions