Dear Life Co., Ltd. · TSE:3245
Dear Life — H1 2019 Earnings Presentation
26 slides from Dear Life's earnings presentation, May 10, 2019
Slide 1: Presentation of Financial Results for the First Half of Fiscal 2019
Presentation of Financial Results for the First Half of Fiscal 2019, Ending September 30, 2019 DEAR LIFE CO., LTD. May 10, 2019 Securities code 3245 on the First Section of the Tokyo Stock Exchange
Slide 2: DEAR LIFE Company Overview
DEAR LIFE Company Overview Real Estate Development We develop real estate, such as rental apartments for singles and DINKS, retail properties and office buildings, mainly in the 23-ward area of Tokyo and surrounding areas. We're involved in all processes, such as land acquisition, making business pl
Slide 3: INDEX
INDEX ☑ Summary of Financial Results in the First Half of Fiscal 2019 4 ☑ Explanation of Financial Results in the First Half of Fiscal 2019 5 ☑ Explanation of Financial Results in the First Half of Fiscal 2019 10 by Business Segment ☑ Outlook for Fiscal 2019 19 3 Copyright （C） 2019 DEAR LIFE All rig
Slide 4: Summary of Financial Results
Summary of Financial Results in the First Half of Fiscal 2019 ☑ Financial Results for the Six-Month Periods Ended March 31 FY2019 first half FY2018 first half Net sales ¥3,684 million ¥4,949 million Operating profit ¥368 million ¥605 million Ordinary profit ¥352 million ¥612 million Profit attributa
Slide 5: Explanation of Financial Results
Explanation of Financial Results in the First Half of Fiscal 2019
Slide 6: Consolidated Financial Results and Key Performance Indicators
Consolidated Financial Results and Key Performance Indicators in the First Half of Fiscal 2019 FY2018 FY2019 Percentage Difference 1st Half 1st Half change (Millions of yen) (1) (2) (2)－(1) (2)/(1) Net sales 4,949 3,684 -1,265 74% Operating profit 605 368 -237 61% Ordinary profit 612 352 -260 58% Pr
Slide 7: Main Results from the Consolidated Income Statement
Main Results from the Consolidated Income Statement in the First Half of Fiscal 2019 FY2018 FY2019 Millions of yen Difference Main reasons for year-on-year difference 1st Half 1st Half Net sales decreased because Palma Co., Ltd., Net sales 4,949 3,684 -1,265 which had operated the Outsourcing Servic
Slide 8: Main Results from the Consolidated Balance Sheet
Main Results from the Consolidated Balance Sheet as of the End of the First Half of Fiscal 2019 Sept. 30, 2018 Sept. 30, 2019 Difference (Millions of yen) (1) (2) (2)－(1) Assets 23,094 26,243 3,149 1 Cash and deposits decreased due to condominium building development Cash and deposits 13,062 1 7,962
Slide 9: Main Results from the Consolidated Cash Flow Statement
Main Results from the Consolidated Cash Flow Statement in the First Half of Fiscal 2019 FY2018 FY2019 Difference (Millions of yen) 1st Half 1st Half Main reasons for year-on-year difference (2)－(1) (1) (2) Net cash used in operating activities (4,981) (8,344) -3,363 Profit before income taxes 612 34
Slide 10: Explanation of Financial Results by Business Segment
Explanation of Financial Results in the First Half of Fiscal 2019 by Business Segment
Slide 11: Overview of the Dear Life Group's Businesses
Overview of the Dear Life Group’s Businesses Real Estate Business Sales Promotion Business ◼ Developing and selling real estate in the Tokyo area. ◼ Operated by the subsidiary, Dear Life Agency Co., ◼ Development is focused on urban condominium Ltd., the business offers various promotional Buildings
Slide 12: Summary of Financial Results by Business Segment
Summary of Financial Results in the First Half of Fiscal 2019 by Business Segment (Millions of yen) Real Estate Business 5,000 4,136 3,936 Net sales Segment profit 4,000 3,491 ☑ Net sales decreased 11.3% YoY to ¥3,491 million, and segment profit fell 22.8% YoY to ¥574 million. 3,000 ☑ Eight properti
Slide 13: Real Estate Business (1): Properties Sold
Real Estate Business (1): Properties Sold in the First Half of Fiscal 2019 ☑ Sales of properties were steady ● The Company sold eight properties that had been developed on suitable sites for urban condominium buildings and for property development, planning and sale. ● We made further progress in di
Slide 14: Real Estate Business (2): Property Portfolio Expansion
Real Estate Business (2): Property Portfolio Expansion in the First Half of Fiscal 2019 ☑ The Company continued to aggressively expand its property portfolio in the first half of fiscal 2019 to a scale greater than in the previous fiscal year. ● Leveraging its solid financial footing, the Company co
Slide 15: Overview of the Sales Promotion Business
Overview of the Sales Promotion Business ☑ Staff outsourcing service launched by new subsidiary, Dear Life Agency Co., Ltd. Took over Dear Life’s staff outsourcing business and began operations in November 2018 ☑ Brisk orders for staff outsourcing services in the real estate industry ●Orders grew fo
Slide 16: Overview of Businesses Operated by Group Company Palma Co., Ltd.
Overview of Businesses Operated by Group Company Palma Co., Ltd. Business solutions services: BPO services with payment guarantee conditions (Rooms) ☑ Orders from current business partners and 100,000 Number of service orders 77,905 80,000 properties that Palma developed and sold continued to grow a
Slide 17: Acquisition of Company Shares Completed
Acquisition of Company Shares Completed The Company acquired its own shares based on considerations of its previously established capital management policy, share price movements, and other factors. Share price movements MSWT financing of ¥2.4 billion and 5 million shares MSWT financing* of ¥1.6 bil
Slide 18: Shareholder Returns Policy in Fiscal 2019
Shareholder Returns Policy in Fiscal 2019 Dividends: Aiming for a consolidated dividend payout ratio of 40% Dividend per share and payout ratio over the past five years Fiscal year 2015* 2016 2017 2018 2019 Dividend per share ¥15 ¥12 ¥17 ¥28 ¥20 (planned) Dividend payout ratio 32.5% 36.2% 39.8% 39.8
Slide 19: Outlook for Fiscal 2019
Outlook for Fiscal 2019 DEAR LIFE =
Slide 20: Profit Targets for Fiscal 2019
Profit Targets for Fiscal 2019 ☑ Aiming to increase operating profit over the fiscal 2018 result from the outset of our medium-term management plan, Go for the Future 2021 Notes regarding (1) FY2018 results FY2019 targets Difference ・ The amount of development and (Millions of yen) investment in the
Slide 21: Real Estate Business: Investment Strategies in Fiscal 2019
Real Estate Business: Investment Strategies in Fiscal 2019 ◼ Continue actively investing in real estate in Tokyo in the second half of fiscal 2019 ◼ Carefully search for and select properties in each area while considering leasing demand, marketability, and scarcity ◼ Continue accumulating property
Slide 22: Real Estate Business: Sales Strategies in Fiscal 2019
Real Estate Business: Sales Strategies in Fiscal 2019 Interest continues to be high in properties the Company has invested in and manages. The Company will work to execute effective sales activities mainly targeting potential buyers that are not greatly affected by strict real estate financing condi
Slide 23: Real Estate Business: Properties Scheduled for Future Sale
Real Estate Business: Properties Scheduled for Future Sale At present, Dear Life plans to sell 10 properties, including urban condominium buildings and income-producing properties. The Company will earnestly proceed with the sale of properties that it owns, is developing, and are scheduled for compl
Slide 24: Real Estate Business: List of Projects under Development
Real Estate Business: List of Projects under Development Project name Location Access Nihonbashi Mitsukoshi-mae Chuo Ward, Tokyo 6-Minute walk from Mitsukoshimae Station of Tokyo Metro Ginza Line; 4-minute walk from Shin-Nihombashi Station of JR Sobu Rapid Line Ichigaya Koracho Shinjuku Ward, Tokyo
Slide 25: Real Estate Business: List of Income-Producing Properties
Real Estate Business: List of Income-Producing Properties Project name Location Access Use Shibuya Ward, Philpark Omotesando 6-minute walk from Omote-sando Station of Tokyo Metro Ginza and Hanzomon Lines Commercial building Tokyo Takatsu Ward, Leased condominium DeLCCS Futako Tamagawa 9-minute walk
Slide 26: Investor Relations Enquiries
Investor Relations Enquiries Contact details for enquiries regarding this presentation Administration UNIT, DEAR LIFE CO., LTD. Phone: +81-3-5210-3721 Fax: +81-3-5210-3723 E-mail: ir@dear-life.co.jp The forecast results and forward-looking statements described in this presentation are expectations o