Summary
V-shaped recovery have kept on going
- In the second quarter, housing sector has kept remarkable rebound, and it largely contributed to the recovery of our business.
- Both new housing starts and new build GFA of non-housing have been increasing on a year-on-year comparison.
- All the segments turned around to increase in revenue and earnings on a year-on-year comparison.
- M&A of Sakoken, the Point System for Green Housingrelated services, insurance proceeds and application of Accounting Standard for Revenue Recognition impacted positively but temporary.
- Second quarter earnings marked a record-high and we revised up the forecasts of annual earnings and dividend.
- We should keep an eye on the market condition such as peaking out of housing boom as a reaction against coronavirus crisis, soaring priceof construction material, delay in MEP supplies, etc.
Consolidated financial results
2Q previous | 2Q reporting | Change | |||
fiscal year | fiscal year | ||||
(Millions of yen) | |||||
(Jun. 2020- | (Jun. 2021- | Amounts | Ratio | ||
Nov. 2020) | Nov. 2021) | ||||
Net Sales | 6,824 | 7,934 | 1,109 | 16.3% | |
Operating Profit | ▲78 | 931 | 1,010 | - | |
Operating Profit Ratio | ▲1.2% | 11.7％ | - | - | |
Ordinary Profit | ▲14 | 988 | 1,002 | - | |
Ordinary Profit Ratio | ▲0.2% | 12.5％ | - | - | |
Profit Attributable to | ▲33 | 601 | 635 | - | |
Owners of Parent | |||||
Profit per Share (Yen) | ▲4.27 | 76.84 | 81.11 | - | |
Consolidated financial results by segment
2Q previous | 2Q reporting | Change | ||||
fiscal year | fiscal year | Segment | ||||
(Millions of yen) | Change | |||||
(Jun. 2020- | (Jun. 2021- | Amounts | Ratio | Profit | ||
Nov. 2020) | Nov. 2021) | |||||
Building Confirmation | 3,783 | 4,256 | 473 | 12.5% | 590 | 565 |
and Inspection and its | ||||||
[55.4%] | [53.6%] | |||||
related services | ||||||
Housing Performance | 1,769 | 1,969 | 200 | 11.3% | 234 | 200 |
Evaluation and its | ||||||
[25.9%] | [24.8%] | |||||
related services | ||||||
Solution Services | 518 | 690 | 172 | 33.2％ | 8 | 61 |
[7.6%] | [8.7%] | |||||
Others | 754 | 1,017 | 263 | 35.0％ | 131 | 185 |
[11.1%] | [12.8%] | |||||
Net Sales Total | 6,824 | 7,934 | 1,109 | 16.3％ | 964 | 1,011 |
[100.0%] | [100.0%] | |||||
Market trend
Changes in Housing/Non-housing starts (year-on-year rate)
New housing starts | Newly built houses floor space | New non-housing starts | Newly built non-houses floor space | |||
60%
50%
40%
30%
20%
10%
0%
-10%
-20%
-30%
-40%
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov.
2020 | 2021 |
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