Meiwa Estate Co. Ltd. · TSE:8869
Meiwa Estate — FY03/23 Earnings Presentation
92 slides from Meiwa Estate's earnings presentation, May 11, 2023
Slide 1: Financial Results for FY03/23
MEIWA ESTATE Co., Ltd. (8869) Financial Results for FY03/23 May 11, 2023
Slide 2: Table of Contents
Table of Contents Summary P. 02 FY03/23 Consolidated Financial Results P. 03 FY03/24 Consolidated Financial Results Forecast P. 14 Progress of Five-Year Strategy P. 29 Shareholder Returns P. 46 Compliance with Continued Listing Criteria (Prime Market) P. 49 Segment Status P. 65 Fact
Slide 3: Summary
Summary In FY03/23, net sales and profits were up YoY and exceeded full-year forecasts. We forecast a year-end dividend of ¥45, up ¥10 YoY. Our FY03/24 outlook anticipates sales and profit growth on an operating and ordinary profit basis. Contracts concluded already amount to 89% of our full
Slide 4: FY03/23 Consolidated Financial Results
FY03/23 Consolidated Financial Results
Slide 5: FY03/23 Consolidated Financial Results
FY03/23 Consolidated Financial Results Consolidated Financial Results for Full-Year FY03/23 Both net sales and profits increased. Net sales were ¥62.3 billion (up 8.9% YoY), ordinary profit was ¥4.9 billion (up 57.9% YoY), profit attributable to owners of parent was ¥4.4 billion (up 70.0% YoY),
Slide 6: FY03/23 Consolidated Financial Results
FY03/23 Consolidated Financial Results Net sales: ¥62.3 billion (up ¥5.1 billion YoY) Operating profit: ¥5.9 billion (up ¥1.7 billion YoY), ordinary profit: ¥4.9 billion (up ¥1.8 billion YoY) (Millions of yen) FY03/22 FY03/23 FY03/23 Change Change (%) revised forecast Attainment (%) Actual (Cons
Slide 7: Factors Behind Change in Net Sales (by Business Segment)
Factors Behind Change in Net Sales (by Business Segment) The Residential Development and Real Estate Agency businesses performed well, with sales up year on year. Analysis of factors behind change in net sales Positive Negative (Millions of yen) change change Wealth Solution Real Estate Agency (sa
Slide 8: FY03/23 Completions and Deliveries
FY03/23 Completions and Deliveries Volume was up only slightly, but a rise in the average price drove sales growth. No. of units delivered by prefecture +3.4% 841 813 Aichi Aichi Fukuoka 78 169 98 Hokkaido Fukuoka 42 Saitama 105 38 Hokkaido 67 Kanagawa 345 Kanagawa 331 Tokyo Tokyo 240 141 FY03/22
Slide 9: Factors Behind Change in Gross Profit (by business segment)
Factors Behind Change in Gross Profit (by business segment) In the Residential Development business, gross profit increased thanks to increases in sales and improvements in the profit margin. Analysis of factors behind change in gross profit Positive Negative (Millions of yen) change change ・Profi
Slide 10: FY03/23 Major Completions and Deliveries
FY03/23 Major Completions and Deliveries We developed high-value-added properties. Yokohama, Kanagawa Fujisawa, Kanagawa Yokohama, Kanagawa Total number of units: 49 Total number of units: 68 Total number of units: 64 Completed and delivered in March 2023 Completed and delivered in March 2023 Comp
Slide 11: Factors Behind Change in Operating Profit (by Expense Item)
Factors Behind Change in Operating Profit (by Expense Item) A rise in gross profit absorbed a ¥0.95 billion increase in SG&A expenses that went to strengthen our selling power, thus driving operating profit growth. Analysis of factors behind change in operating profit Positive Negative (Millions o
Slide 12: Composition of Net Sales
Composition of Net Sales Composition of consolidated net sales by segment Leasing and (Millions of yen) Related Leasing and Related 972 Condominium 1,020 Condominium Others (1.7%) Management (1.6%) Management 322 5,338 Others 5,040 (0.6%) (8.6%) 401 (8.8%) WS (0.6%) 2,062 WS (3.3%) 2,540 (4.4%) Real
Slide 13: FY03/23 Topics
FY03/23 Topics In March 2023, our supply of properties in Kanagawa Prefecture reached 500. In FY2022, thanks to your support, Meiwa Estate’s supply of properties in Kanagawa Prefecture reached 500 buildings. We would like to express our sincere gratitude for your patronage. Copyright © MEIWA ESTAT
Slide 14: Profit Attributable to Owners of Parent: Difference between Revised Forecast and Actual
Profit Attributable to Owners of Parent: Difference between Revised Forecast and Actual Figure Due to outperformance in gross profit and tax amount variance, etc., we saw a difference of ¥0.6 billion between actual profit attributable to owners of parent and our revised forecast. Analysis of facto
Slide 15: FY03/24 Consolidated Financial Results Forecasts
FY03/24 Consolidated Financial Results Forecasts
Slide 16: FY03/24 Consolidated Financial Results Forecast
FY03/24 Consolidated Financial Results Forecast Forecast calls for net sales of ¥83.0 billion, operating profit of ¥6.3 billion, and profit attributable to owners of parent of ¥3.8 billion Anticipated growth in net sales, operating profit, and ordinary profit FY03/24 FY03/23 full-year forecasts
Slide 17: Factors Behind Change in Net Sales (by Business Segment)
Factors Behind Change in Net Sales (by Business Segment) Forecast sales growth focuses on the Residential Development, Real Estate Agency, and Wealth Solution businesses Analysis of factors behind change in net sales Positive Negative (Millions of yen) change change Leasing and Related–Other 83,00
Slide 18: Factors Behind Change in Gross Profit (by business segment)
Factors Behind Change in Gross Profit (by business segment) Gross profit growth expected in all segments other than the Leasing and Related businesses Analysis of factors behind change in gross profit Positive Negative (Millions of yen) change change Wealth Solution Leasing and (entire condominium
Slide 19: Factors Behind Change in Operating Profit (by expense item)
Factors Behind Change in Operating Profit (by expense item) We forecast a ¥6.3 billion in operating profit, with gross profit growth to compensate for a rise in SG&A expenses due to increase in supply (sale of properties to be booked in FY03/25 or later). Analysis of factors behind change in opera
Slide 20: FY03/24 Property Supply Plans
FY03/24 Property Supply Plans We plan to supply 1,300 units, primarily in the greater Tokyo area. We will start to supply properties to be recorded as net sales in FY03/25 or later. Major project supply plans No. of Location units Chuo Ward, Tokyo 27 Taito Ward, Tokyo 44 Shinjuku Ward, Tokyo 5
Slide 21: Forecast for Consolidated Profit Attributable to Owners of Parent
Forecast for Consolidated Profit Attributable to Owners of Parent In spite of growth in ordinary profit, we forecast a decrease in profit attributable to owners of parent due to negative tax effect, of ¥0.8 billion. Analysis of factors behind change in profit attributable to owners of parent Posit
Slide 22: Dividends
Dividends We plan to pay dividends of ¥45 per share for FY03/23. We expect to pay dividends of ¥50 per share for FY03/24, an increase of ¥5 per share. We aim for stable dividends, with a payout ratio of around 30%. Dividends Ordinary Commemorative dividend dividend Dividend increase 35th anniv
Slide 23: Residential Development Business: Sales Contracts
Residential Development Business: Sales Contracts Sales contracts at the start of the term were equivalent to 89% of forecast net sales. contracts concluded vs. net sales *Only for new condominiums (Millions of yen) Five-year Five-year strategy target Forecast strategy target 63,000 Five-year 60,0
Slide 24: Residential Development Business: Main Properties Scheduled for Completion
Residential Development Business: Main Properties Scheduled for Completion Below are the main properties scheduled for completion. Many properties are completely sold. Setagaya, Tokyo Setagaya, Tokyo Shinagawa, Tokyo Total number of units: 26 Total number of units: 46 Total number of units: 30 S
Slide 25: Residential Development Business: Main Properties Scheduled for Completion
Residential Development Business: Main Properties Scheduled for Completion Below are the main properties scheduled for completion. Many properties already completely sold. Fujisawa, Kanagawa Chigasaki, Kanagawa Yokohama, Kanagawa Total number of units: 28 Total number of units: 88 Total number o
Slide 26: Residential Development Business: Main Properties Scheduled for Completion
Residential Development Business: Main Properties Scheduled for Completion Below are the main properties scheduled for completion. Many properties already completely sold. Kawasaki, Kanagawa Sapporo, Hokkaido Fukuoka, Fukuoka Total number of units: 95 Total number of units: 118 Total number of u
Slide 27: Residential Development Business: Completion Schedule
Residential Development Business: Completion Schedule Property completions concentrated in Q4 FY03/24 (sales recorded upon completion and delivery) → Net sales forecast weighted toward Q4 FY03/24 Completion schedule (unit basis) *Only for new condominiums 1,009 units (100.0%) Q1 Q2 Q4 72 units 190
Slide 28: Real Estate Agency Business: Purchase and Resale
Real Estate Agency Business: Purchase and Resale We aim for ¥9.1 billion in purchase and resale net sales, up 41.1% vs. FY03/23. As of the start of the term, we have secured sufficient properties for sale. Properties secured for purchase and resale (Millions of yen) Properties for sale 12,631 Cu
Slide 29: Change in Reporting Segments
Change in Reporting Segments Change in reporting segments to suit our current management structure (effective from April 2023) Former reporting segments New reporting segments New Condominiums New Condominiums Land and Buildings Residential Land and Buildings Development Others Others Real Est
Slide 30: Progress of Five-Year Strategy
Progress of Five-Year Strategy
Slide 31: Progress of Five-Year Strategy
Progress of Five-Year Strategy In FY03/23, the first year of our strategy, both net sales and profits exceeded targets. Our Residential Development and other businesses are performing ahead of target. In the Residential Development business, contracts at the beginning of the term amount to 97%
Slide 32: Progress of Five-Year Strategy
Progress of Five-Year Strategy We are performing ahead of plan. The FY03/24 forecast for profit attributable to owners of parent is on a par with the FY03/26 target. (Billions of yen) FY03/23 FY03/24 FY03/25 FY03/26 FY03/27 Net sales 59.0 74.0 84.0 90.0 100.0 Residential Development business 45.
Slide 33: Residential Development Business: Progress Against Sales Targets
Residential Development Business: Progress Against Sales Targets Sales performing steadily (contracts amount to 97% of target in FY03/24) Pursuing sales of properties to be recorded as sales in FY03/25 onward Residential Development business sales targets (Billions of yen) Five-year strategy Fiv
Slide 34: Residential Development Business: Progress Against Sales Targets
Residential Development Business: Progress Against Sales Targets Properties for sale secured sufficient through FY03/25 Proceeding with purchases for FY03/26 and FY03/27 (Billions of yen) Residential Development business sales targets Target Five-year strategy Purchased, not supplied Five-year s
Slide 35: [Ref.] Residential Development Business: Progress Against Sales Targets
[Ref.] Residential Development Business: Progress Against Sales Targets Plan achieved in inaugural year, FY03/23 Sales performing smoothly in FY03/24 (Billions of yen) FY03/23 FY03/24 FY03/25 FY03/26 FY03/27 Net Sales Plan (Residential 45.0 55.0 60.0 63.0 66.0 Development) Net sales recorded (①)
Slide 36: [Ref.] Residential Development Business: Progress Against Sales Targets
[Ref.] Residential Development Business: Progress Against Sales Targets Smooth performance in properties for sale secured (purchased) Properties secured sufficient through FY03/25 (Billions of yen) FY03/23 FY03/24 FY03/25 FY03/26 (Billions of yen) FY03/27 Net Sales 計 (Residential Plan 45.0 55.0
Slide 37: Progress of Residential Development Business
Progress of Residential Development Business Completed inventory at end of FY03/23 was low, at 15 units Completed inventory (units) *Only for new condominiums -72.2% 54 units 15 units As of end-FY03/22 As of end-FY03/23 Copyright © MEIWA ESTATE Co., Ltd. All rights reserved.
Slide 38: Real Estate Agency Business, Purchase and Resale: Progress Against Sales Targets
Real Estate Agency Business, Purchase and Resale: Progress Against Sales Targets Plan achieved in inaugural year Pursuing sales of properties to be recorded as sales in FY03/24 (Billions of yen) Purchase and Resale sales targets Five-year strategy sales target Five-year strategy 15.8 sales targe
Slide 39: Real Estate Agency Business, Purchase and Resale: Progress Against Sales Targets
Real Estate Agency Business, Purchase and Resale: Progress Against Sales Targets Ample properties for sale secured for FY03/24 Purchase and Resale sales targets target (Billions of yen) Five-year strategy Currently leased sales target Preparing for sale 15.8 Five-year strategy Currently for sale s
Slide 40: [Ref.] Real Estate Agency Business, Purchase and Resale: Progress Against Sales Targets
[Ref.] Real Estate Agency Business, Purchase and Resale: Progress Against Sales Targets FY03/23 purchase and resale net sales on target (Billions of yen) FY03/23 FY03/24 FY03/25 FY03/26 FY03/27 Net sales (Real Estate Plan Agency ) 8.0 10.0 12.0 15.0 18.0 Purchase and Resale 6.4 8.3 10.5 13.0 15.8
Slide 41: [Ref.] Real Estate Agency Business, Purchase and Resale: Progress Against Sales Targets
[Ref.] Real Estate Agency Business, Purchase and Resale: Progress Against Sales Targets Properties secured to achieve FY03/24 sales plan (Billions of yen) FY03/23 FY03/24 FY03/25 FY03/26 FY03/27 Net sales (Real 8.0 10.0 12.0 15.0 18.0 Plan Estate Agency) Purchase and Resale 6.4 8.3 10.5 13.0 15.8
Slide 42: Progress of Real Estate Agency Business: Purchase and Resale
Progress of Real Estate Agency Business: Purchase and Resale In April 2022, we formed a team dedicated to purchasing, in order to strengthen our purchasing activities. In FY03/23, the number of units purchased increased by 27.3% YoY. Units purchased +27.3% 182 143 73 FY03/21 FY03/22 FY03/23 No.
Slide 43: Real Estate Agency Business, Brokerage: Progress Against Sales Targets
Real Estate Agency Business, Brokerage: Progress Against Sales Targets FY03/23 net sales exceeded plan (Billions of yen) FY03/23 FY03/24 FY03/25 FY03/26 FY03/27 Net sales (Real 8.0 10.0 12.0 15.0 18.0 Estate Agency ) Plan Brokerage 0.6 0.7 0.8 0.9 1.1 No. of stores 11 13 15 15 15 Net sales 0.8 － －
Slide 44: Progress of Real Estate Agency Business: Brokerage
Progress of Real Estate Agency Business: Brokerage We are opening new stores and expanding our workforce. (March 31, 2022) (March 31, 2023) (April 30, 2023) No. of stores 9 stores 11 stores 11 stores July 2022: Newly opened Fukuoka store April 2023: August 2022: Newly opened Nagoya store Expanded
Slide 45: Condominium Management Business: Progress Against Sales Targets
Condominium Management Business: Progress Against Sales Targets In the inaugural year, FY03/23, both net sales and units under management exceeded our plans. Including units scheduled to commence management at the start of the period, the number of units under management reached the planned leve
Slide 46: Condominium Management Business: New Management Contracts
Condominium Management Business: New Management Contracts FY03/23 saw a sharp increase in number of condominiums switching from other management companies (7.8x YoY). We will continue strengthening sales activities for winning new management contracts. Composition of no. of units under new manag
Slide 47: Shareholder Returns
Shareholder Returns
Slide 48: Dividends
Dividends We plan to pay dividends of ¥45 per share for FY03/23. We plan to pay dividends of ¥50 per share for FY03/24, an increase of ¥5 per share. We aim for stable dividends, with a payout ratio of around 30%. Dividends Ordinary Commemorative dividend dividend Dividend increase 35th anniver
Slide 49: Shareholder Benefits
Shareholder Benefits The introduction of a shareholder benefit program to improve share liquidity was announced in December 2022. Points will be awarded based on the number of shares held as of March 31 each year. Shareholder benefit points are awarded based on the number of shares held Timing o
Slide 50: Compliance with Continued Listing Criteria (Prime Market)
Compliance with Continued Listing Criteria (Prime Market)
Slide 51: Compliance with Continued Listing Criteria (Prime Market)
Compliance with Continued Listing Criteria (Prime Market) Compliance status as of March 31, 2023 is as follows. We met requirements for continued prime market listing for all criteria. Tradable share Daily avg. No. of No. of tradable Tradable share market trading value shareholders Shares ratio
Slide 52: Market Capitalization of Tradable Shares
Market Capitalization of Tradable Shares Market capitalization of tradable shares was ¥11.0 billion as of March 31, 2023. We are in compliance with Prime Market continued listing criteria. Market capitalization of tradable shares +59.4% ¥10.0 billion +¥4.1 billion Avg. share price: ¥865.76 ¥11.0
Slide 53: Liquidity Improvement Measures
Liquidity Improvement Measures Liquidity increased 4.7-fold upon introduction of a shareholder benefit program. Trading volume of the Company’s shares Introduction of (Unit: shares) shareholder benefits 993,300 Dividend Earnings forecasts announced revised up increase announced Impact Neutralizati
Slide 54: Plans For Improved Compliance: Initiative Status and Results
Plans For Improved Compliance: Initiative Status and Results We pursued the following initiatives in FY03/23. Policy Initiative status and results • Increase our medium- to long-term profits • Steady progress on Five-Year strategy Improve our • Maintain stable financial management • Profits exceed
Slide 55: Enhancement of IR
Enhancement of IR The following is the current status of our IR enhancement measures. ○ Implemented - Partially implemented × Not implemented As of Apr. 2022 As of May 16, 2023 Upcoming ○: Published ○: Explained progress in Q2 and Q4 • Medium-term plan to be updated on a rolling Medium-Term Manage
Slide 56: Enhancement of IR: Briefings by President & CEO
Enhancement of IR: Briefings by President & CEO We spoke at results briefings and individual investor events in FY03/23. Addresses made in FY03/23 For institutional For individual Event Date investors and Details investors analysts • Videos explaining FY03/22 FY03/22 financial results briefing M
Slide 57: Enhancement of IR: Plans for Briefings by President & CEO
Enhancement of IR: Plans for Briefings by President & CEO Addresses are planned for multiple events in FY03/24, as well. Addresses planned in FY03/24 For institutional For individual Event Date investors and Details investors analysts • Overview of FY03/23 financial results, FY03/24 earnings for
Slide 58: Enhancement of IR: 1on1 Meetings
Enhancement of IR: 1on1 Meetings Five one-on-one meetings held in February and March 2023 Now accepting requests for meetings for May and June 2023 Status of one-on-one meeting implementation Participants from Meiwa Estate Satoshi Ibaraki Koji Kakizaki Shunsuke Yoshizawa Executive Officer & Me
Slide 59: [Ref] Measures to Increase Ratio of Tradable Shares
[Ref] Measures to Increase Ratio of Tradable Shares In order to comply with the TSE Prime Market criteria for continued listing, we introduced measures to increase the ratio of tradable shares from 42.5% as of January 31 to 54.5% as of March 31. Ratio of tradable shares Jan. 31, 2023 (before -impl
Slide 60: [Ref] Measures to Increase Ratio of Tradable Shares: Impact Neutralization Trust
[Ref] Measures to Increase Ratio of Tradable Shares: Impact Neutralization Trust To increase tradable share market capitalization, we negotiated with major shareholders to optimize the composition of our shareholders and implemented measures to increase the ratio of tradable shares. To minimize th
Slide 61: [Ref] Measures to Increase the Ratio of Tradable Shares: Retirement of Treasury Stock
[Ref] Measures to Increase the Ratio of Tradable Shares: Retirement of Treasury Stock Retirement of treasury stock on February 28, 2023 Decrease in number of shares issued and increase in ratio of tradable shares Retirement of treasury stock 1. Type of shares retired: Common shares 2. Total numb
Slide 62: [Ref] Enhance Shareholder Returns: Dividend Increase, Dividend Policy
[Ref] Enhance Shareholder Returns: Dividend Increase,Diveidend Policy We plan to raise the dividend from ¥35 to ¥45 in FY03/23 The Company has decided to set a dividend payout ratio of around 30%. Year-end dividend per share for the fiscal year ending March 2023 (scheduled) January 16, 2023 An
Slide 63: [Ref] Liquidity Improvement Measures: Improvement of Employee Stock Ownership Plan
[Ref] Liquidity Improvement Measures: Improvement of Employee Stock Ownership Plan By strengthening the employee stock ownership plan, we increased membership 2.2 times YoY. Our aim is to expand liquidity by stimulating stable buying demand. (April 30, 2022) (April 30, 2023) Membership in Employ
Slide 64: [Ref] Enhancement of IR: Disclosure of External Reports
[Ref] Enhancement of IR: Disclosure of External Reports Report on the Company released by Shared Research Inc. We will hold one-on-one meetings with institutional investors and analysts to actively disclose information. Click here for Shared Research’s report on our Company. https://sharedrese
Slide 65: [Ref] Enhancement of IR: Provision of IR website in English
[Ref] Enhancement of IR: Provision of IR website in English English IR website launched in November Click here for our English IR website. https://www.meiwajisyo.co.jp/corp/ir/index_en.html Copyright © MEIWA ESTATE Co., Ltd. All rights reserved.
Slide 66: Segment Status
Segment Status == wien
Slide 67: Residential Development Business
Residential Development Business Thanks to steady contract performance, net sales in the Residential Development business were up 19.5% YoY in FY03/23, to ¥45.5 billion. In FY03/24, we forecast net sales in the Residential Development business of ¥60.0 billion, up 31.6% YoY. Sales contracts am
Slide 68: [Ref] Leading Sales Indicators (KPIs) for the Residential Development Business
[Ref] Leading Sales Indicators (KPIs) for the Residential Development Business We defined our KPIs for the Residential Development business as follows. Land purchase Start sales Sales Completion/ contracts (construction permit granted) contracts delivery Purchases Supply Sales Contracts Net Sales
Slide 69: Net Sales in the Residential Development Business
Net Sales in the Residential Development Business Purchases Supply Contracts Net Sales Net sales in FY03/23 totaled ¥45.5 billion (up 19.5% YoY). For FY03/24, we forecast net sales of ¥60.0 billion (up 31.6% YoY). Net sales *Only for new condominiums (Millions of yen) +31.6% Forecast 60,000 +19.
Slide 70: Residential Development Business: Purchases
Residential Development Business: Purchases Purchases Supply Contracts Net Sales Purchases in FY03/23 were ¥67.6 billion (down 17.4% YoY). We carefully selected properties for purchase based on the status of securing properties for sale over the medium to long term. *Only for new condominiums Pu
Slide 71: Residential Development Business: Supply
Residential Development Business: Supply Purchases Supply Contracts Net Sales In FY03/23, supply amounted to ¥54.4 billion (up 6.0% YoY). *Only for new condominiums Supply *Based on planned sales price (Millions of yen) +6.0% 54,450 51,348 Q4 12,051 Q4 17,998 Q3 11,991 Q3 11,753 Q2 18,328 Q2 11,22
Slide 72: Residential Development Business: Properties Supplied in Q4
Residential Development Business: Purchases Supply Contracts Net Sales Properties Supplied in Q4 Yokohama, Kanagawa Yokohama, Kanagawa Total number of units: 42 Total number of units: 53 Sales launched in March 2023 Sales launched in March 2023 Scheduled to be completed in March 2024 Scheduled to be
Slide 73: Residential Development Business: Properties Supplied in Q4
Residential Development Business: Purchases Supply Contracts Net Sales Properties Supplied in Q4 Fujisawa, Kanagawa Hakata, Fukuoka Total number of units: 58 Total number of units: 66 Sales launched in March 2023 Sales launched in February 2023 Scheduled to be completed in July 2024 Scheduled to be
Slide 74: Residential Development Business: Sales Contracts
Residential Development Business: Purchases Supply Contracts Net Sales Sales Contracts Sales contracts in FY03/23 amounted to ¥51.2 billion (up 5.3% YoY). *Only for new condominiums Sales contracts *Based on contract price (Millions of yen) +5.3% 51,276 48,675 Q4 11,814 Q4 16,602 Q3 12,475 Q3 11,7
Slide 75: Progress of the Residential Development Business
Progress of the Residential Development Business Completed inventory at FY03/23 year-end was low, at 15 units. Completed inventory (units completed but not yet contracted) *Only for new condominiums -72.2% 54 units 15 units At FY03/22 At FY03/23 year-end year-end Copyright © MEIWA ESTATE Co., Ltd.
Slide 76: Real Estate Agency Business
Real Estate Agency Business The purchase and resale business is expanding steadily thanks to our growing purchasing workforce. FY03/23 net sales: ¥6.4 billion (+63.1% YoY) Sales grew in the brokerage business thanks to store openings and expansions/relocations, as well as to increased staff.
Slide 77: Real Estate Agency Business: Purchase and Resale
Real Estate Agency Business: Purchase and Resale Net sales in FY03/23 amounted ¥6.4 billion (up 63.1% YoY). In FY03/24, we aim for net sales of ¥9.1 billion (up 41.1% YoY). Net sales (Millions of yen) +41.4% 9,100 +63.1% 6,436 Q4 2,380 3,945 Q4 Q3 1,342 1,593 Q3 Q2 747 Q2 1,232 Q1 683 Q1 Contrac
Slide 78: Real Estate Agency Business: Brokerage
Real Estate Agency Business: Brokerage Net sales in FY03/23 amounted to ¥0.82 billion (up 18.2% YoY). In FY03/24, we aim for net sales of ¥0.9 billion (up 9.3% YoY). Net sales (fees) (Millions of yen) +9.3% +18.2% 900 823 697 Q4 Q4 275 186 Q3 Q3 184 191 Q2 Q2 165 169 Q1 Q1 149 198 FY03/22 FY03/2
Slide 79: Real Estate Agency Business: Wealth Solution (Sale of Entire Condominium Buildings)
Real Estate Agency Business: Wealth Solution (Sale of Entire Condominium Buildings) Settlement and delivery of two properties in Q2 (July-Sep) Sale completed of one property in Q4 (delivered in April 2023) FY03/23 property sales CLIO la belle vie RYOGOKU CLIO la belle vie NAGOYA HANANOKI Sumida,
Slide 80: Condominium Management Business
Condominium Management Business We maintained high customer satisfaction. We saw a significant increase in switchovers of condominiums managed by other companies (7.8-fold YoY). The number of units under management as of FY03/23 year-end was 45,759 (+2,288 YoY). Net sales were a solid ¥5.3 b
Slide 81: Condominium Management Business
Condominium Management Business We have achieved high levels of customer satisfaction. Won the SUUMO AWARD 2022 Highly rated in Oricon Customer Excellence Award Satisfaction Ranking Copyright © MEIWA ESTATE Co., Ltd. All rights reserved.
Slide 82: Condominium Management Business: Net Sales
Condominium Management Business: Net Sales Net sales for FY03/23 were ¥5.3 billion (up ¥0.29 billion YoY). In FY03/24, we aim for net sales of ¥5.6 billion (up ¥0.3 billion YoY) Net sales (Millions of yen) Full-year forecast Full-year 5,640 Full-year Full-year 5,338 Full-year 4,910 5,040 4,819 Q
Slide 83: Condominium Management Business: Units Under Management
Condominium Management Business: Units Under Management Units under management rose to 45,759 as of March 31, 2023. Units under management 49,268 units Forecast 45,759 units 43,471 units 42,676 units 42,230 units 41,449 units End-FY3/19 End-FY3/20 End-FY3/21 End-FY3/22 End-FY3/23 End-FY3/24 (forec
Slide 84: Condominium Management Business: New Management Contracts
Condominium Management Business: New Management Contracts FY03/23 saw dramatic growth in the number of condominiums switching from other management companies (up 7.8-fold YoY). We will continue strengthening sales activities for winning new management contracts. Composition of units under new ma
Slide 85: Fact Sheet
Fact Sheet == wien
Slide 86: Consolidated Balance Sheet as of End of FY03/23
Consolidated Balance Sheet as of End of FY03/23 (Millions of yen) End-FY03/22 End-FY03/23 Change Change (%) Total assets 95,708 116,538 20,829 21.8% Current assets 85,838 104,242 18,403 21.4% Cash and deposits 27,699 34,147 6,447 23.3% Real estate for sale 8,867 7,015 -1,851 -20.9% Real estate for s
Slide 87: Real Estate Sales Business: Sales Breakdown
Real Estate Sales Business: Sales Breakdown (Millions of yen) FY03/22 FY03/23 Change Change (%) actual actual Sales 50,931 55,618 4,687 9.2% Condominiums 38,144 45,591 7,447 19.5% Units delivered (813) (841) (28) 3.4% Land and buildings 5,548 647 -4,901 -88.3% Purchase and resale 3,947 6,436 2,489 6
Slide 88: Residential Development Business: Sales Leading Indicators
Residential Development Business: Sales Leading Indicators (Millions of yen) FY03/22 FY03/23 Change Change (%) actual Actual Purchases 87,151 68,651 -18,500 -21.2% Condominiums 81,830 67,606 -14,223 -17.4% Land and buildings 5,321 1,045 -4,276 -80.4% Supply 56,616 55,858 -758 -1.3% Condominiums 51,3
Slide 89: Real Estate Agency Business: Sales Indicators
Real Estate Agency Business: Sales Indicators (Millions of yen) FY03/22 FY03/23 Change Change (%) actual Actual Purchase and Resale Units purchased 143 182 39 27.3% Contracts 3,617 7,043 3,425 94.7% No. of units 78 128 50 64.1% Brokerage Brokerage fees 696 823 126 18.2% No. of transactions 528 599 7
Slide 90: Condominium Management Business: Sales Breakdown
Condominium Management Business: Sales Breakdown (Millions of yen) FY03/22 FY03/23 Change Change (%) actual actual Net sales 5,040 5,338 297 5.9% Management fees 4,176 4,314 137 3.3% Construction-related 812 938 125 15.4% Others 51 85 34 67.4% Copyright © MEIWA ESTATE Co., Ltd. All rights reserved.
Slide 91: Note
Note In the Financial Results for Q1 FY03/23 presentation material that we published on August 8, 2022, we disclosed actual results for purchases (p. 13), supply (p. 14), and sales contracts (p. 18) related to the Residential Development business as the sum of new condominiums and land and buildin
Slide 92: Contact
Corporate Planning Dept., Contact https://www.meiwajisyo.co.jp/corp/ir/contact/index_en.html Contact E-mail MEIWA ESTATE Co., Ltd. IR8869＠meiwajisyo.co.jp *This material is for informational purposes only and is not intended as an offer, solicitation, or sales for any specific product. *This materia