Es-con Japan Ltd. · TSE:8892
Es-con Japan — Q2 2019 Earnings Presentation
28 slides from Es-con Japan's earnings presentation, Aug 28, 2019
Slide 1: Financial Results for Second Quarter of Term Ending December 2019
Financial Results for Second Quarter of Term Ending December 2019 Descriptive materials ES-CON JAPAN Ltd. August 28, 2019
Slide 2: Table of Contents
Table of Contents • Summary of Second Quarter of Term Ending December 2019 (25th term) Main Activities in Second Quarter of Term Ending December 2019 P.4 P/L in Second Quarter of Term Ending December 2019 P.5 Segment Results for Second Quarter of Term Ending December 2019 P.6,7 B/S in Second Quarter
Slide 3: Summary of Second Quarter of Term Ending December 2019
Summary of Second Quarter of Term Ending December 2019 3 Copyright ©2019 ES-CONJAPAN Ltd., All Rights Reserved
Slide 4: Main Activities in Term Ending December 2019
Final year revisions to Medium-Term Management Plan IDEAL to REAL 2019 Main Activities in Term Ending January Sales commence for Le JADE Tsujido Higashi Kaigan. December 2019 All units sold in Grand Le JADE Takatsuki Tenjin April Grand opening of tonarie Toga-Mikita community shopping center held on
Slide 5: P/L in Second Quarter of Term Ending December 2019
P/L in Second Quarter of Term Ending December 2019 • Both sales and profits increased dramatically from the previous term, driven by sales of commercial facilities and other properties to ESCON JAPAN REIT Investment Corporation and sales of hotels. • Earnings per share (EPS) in the current term were
Slide 6: Segment Results for Second Quarter of Term Ending December 2019
Segment Results for Second Quarter of Term Ending December 2019 • In the real estate sales business, sales grew by 21.8% and income by 79.8% YoY (Table ①). • Condominium sales were down YoY due to the small number of completed projects, while other sales boosted both sales and profits thanks to sale
Slide 7: Segment Results for Second Quarter of Term Ending December 2019
Segment Results for Second Quarter of Term Ending December 2019 • Completed condominium inventory stood at 69 units at the end of June. • The rate of progress vs. initial sales plans, based on contracts concluded, is 86.0% for condominium sales. (Unit: Units) No. of units delivered Closing inventory
Slide 8: B/S in Second Quarter of Term Ending December 2019
B/S in Second Quarter of Term Ending December 2019 • Fixed assets increased by 8.9 billion yen due to the transfer of a revenue- (Unit: Million yen) Second quarter of term Term ended December generating property (Aeon Minamisenri) from inventories to fixed assets. Increase/ ending December 2019 2018
Slide 9: 2019 TOPICS
2019 TOPICS 9 Copyright ©2019 ES-CONJAPAN Ltd., All Rights Reserved
Slide 10: Progress of capital and business partnership with Chubu Electric Power
TOPICS ① Progress of capital and business partnership with Chubu Electric Power Co., Ltd. In August 2018, we concluded a capital and business partnership agreement with Chubu Electric Power, becoming an equity method affiliate of Chubu Electric Power (which holds 33.3% of voting rights of our compan
Slide 11: ESCON JAPAN REIT Investment Corporation listed on J-REIT market
TOPICS ② ESCON JAPAN REIT Investment Corporation listed on J-REIT market Summary of ESCON JAPAN REIT Investment Corporation ① Building a portfolio centered on commercial facilities that people depend on in their daily lives Areas targeted for investment: Four major urban areas (Tokyo metropolitan ar
Slide 12: ESCON JAPAN REIT Investment Corporation Portfolio Summary Map
ESCON JAPAN REIT Investment Corporation Portfolio Summary Map Number of Total Total Utilization Appraised NOI Amortized Years properties acquisition appraised rate*1 yield appraised NOI remaining on price value yield lease*1 25 41.6 billion 45.0 billion 99.7％ 5.1％ 4.6％ 11.0 years properties yen yen
Slide 13: Acquisition of stock of detached home building companies
TOPICS ③ Acquisition of stock of detached home building companies In July 2019, we acquired stock in two companies based in Saitama Prefecture, making them wholly owned subsidiaries: One's Own House Co., Ltd., which is active in sales of detached homes, and Rise Home Co., Ltd., which is active in bu
Slide 14: Commencement of overseas business development
TOPICS ④ Commencement of overseas business development Following investment in a Hawaii real estate investment fund, moving to further global business deployment by launching our first overseas condominium development project We launched our overseas business development efforts by investing in a
Slide 15: 2nd Medium-Term Management Plan IDEAL to REAL 2019 FY2019 performance plans
2nd Medium-Term Management Plan IDEAL to REAL 2019 FY2019 performance plans 15 Copyright ©2019 ES-CONJAPAN Ltd., All Rights Reserved
Slide 16: Basic Policy and Corporate Strategy
2nd Medium-term Management Plan − Basic Policy and Corporate Strategy Basic Policy IDEAL to REAL 2019 Turning ideals into reality and creating a new future. We will follow our basic policy of putting our customers first, fully accomplishing our mission as “Life Developers” who develop the living sty
Slide 17: Growth Action Plan & Current Progress
2nd Medium-term Management Plan − Growth Action Plan & Current Progress Current progress For the condominium sales business, which is our core business, instead of merely For our core condominium sales business, we secured sites increasing the number of units, we aim to provide a stable supply of 50
Slide 18: 2nd Medium-Term Management Plan Performance Plans
2nd Medium-Term Management Plan Performance Plans • In the final year of the Medium-Term Management Plan, we’re continuing to make steady progress according to plans. • Performance has improved substantially YoY in each of the fiscal years of the Medium-Term Management Plan. Performance for the fina
Slide 19: Management Indexes, Dividend Trends, Dividend Policy
2nd Medium-term Management Plan: Management Indexes, Dividend Trends, Dividend Policy • The equity ratio decreased slightly YoY due to increased inventories resulting from proactive purchasing for growth. • Earnings per share (EPS) in the final fiscal year are projected to be 115.1 yen. Term ended D
Slide 20: Term Ending December 2019 – Real Estate Sales Business
Term Ending December 2019 – Real Estate Sales Business • In the condominium sales business, we are making progress according to plans. Based on contracts concluded as of August 26, we have sold 653 condo units, or 86.0% of the planned number of 759 units, and achieved a ratio of 76.9% of planned sal
Slide 21: Condominium Sales Business Le JADE Series Fiscal 2019
Condominium Sales Business “Le JADE Series” Fiscal 2019 Grand Le JADE Shonan Enoshima R134 (Metropolitan area) Grand Le JADE Todoroki (Metropolitan area) Mirakita City Himeji (Kinki region) Location: Fujisawa-shi, Kanagawa Location: Setagaya-ku, Tokyo Location: Himeji-shi, Hyogo Access: 9-minute wal
Slide 22: Condominium Sales Business Le JADE Series Fiscal 2020, 2021
Condominium Sales Business “Le JADE Series” Fiscal 2020, 2021 Sold out Le JADE Kotoen (Kinki region) Le JADE Kuzuha Condominium Le JADE Nishinomiya Kitaguchi Hinokuchicho (Kinki region) Le JADE Ikeda Masumicho (Kinki region) Le JADE Higashisumiyoshi Imagawa Location: Nishinomiya-shi, Hyogo Redevelop
Slide 23: Hotel Development Business
Hotel Development Business Kayabacho, Nihonbashi Bakurocho, Nihonbashi Hiranomachi, Sapporo-shi, Hokkaido Oyamamachi, Kanazawa-shi Minamisenba III, Sold Sold Sold Sold Sold Sold Opened in December Opened in April 2017 Chuo-ku, Osaka-shi Opened in July 2017 Opened in December 2017 Chuo-ku, Osaka-shi
Slide 24: Commercial Development, Logistics, Land Readjustment Business
Commercial Development Business, Logistics Business, Land Readjustment Business Daisen-nishi I, Sakai-ku, Sakai-shi tonarie Yamato-Takada (Yamatotakada-shi, Nara) tonarie Toga-Mikita (Sakai-shi, Osaka) soyoca Fujimino (Fujimino-shi, Saitama) Tsukuba CREO (Tsukuba-shi, Ibaraki) Tsukuba Q’t/MOG (Tsuku
Slide 25: Term Ending December 2019 − Real Estate Leasing Business
Term Ending December 2019 − Real Estate Leasing Business • We’re making steady progress on rental income and continuing to focus on this business, which is expected to generate stable revenues. (Unit: Million yen) 4,500 4,300 4,200 4,000 Rental income 3,594 3,459 General 3,500 3,400 administrative 3
Slide 26: Strategic Business Expansion of ES-CON JAPAN Group
Strategic Business Expansion of ES-CON JAPAN Group As of August 26, 2019 Condominium units: approx. 10,744 units (approx. 8,566 units in Kansai; approx. 2,268 units in Kanto) ES-CON JAPAN Group companies Detached houses/housing land development: approx. 700 Property sections International management
Slide 27: Information
Information ESCON Japan Ltd. Email: ir@escon.jp Tokyo 12th Floor, Try Edge Ochanomizu, 4-2-5 Kanda Surugadai, Chiyoda-ku, Tokyo 101-0062 ☎03-5297-6161 * We plan to relocate our Tokyo Head Office on October 21, 2019. New address: 20th Floor, Okura Prestige Tower 10-4 Toranomon 2-chome, Minato-ku, Tok
Slide 28: ES CON JAPAN ile
ES CON JAPAN ile