FPG Consolidated Financial Results
Second Quarter of the Fiscal Year Ending September 30, 2022
(October 1, 2021 - March 31, 2022)
Financial Products Group Co., Ltd.
（Prime Market of TSE, Code：7148）
Earnings Summary
Achieved significant YoY increases in sales and profits by overcoming the COVID-19 crisis. Strongly exceeded the revised forecast previously announced on January 31,2022.
1H Results
✓ Following on from Q1, the Leasing Fund Business continued to see strong sales of equity placement products with relatively high margins in Q2.
✓ In the Real Estate Fund Business, sales doubled YoY as a result of aggressive arrangement supported by strong sales.
Full Year Forecast
Announced an upward revision for the second time this fiscal year on April 26 and the pledge of ¥10 billion in ordinary profit in FY09/2023 is brought forward by one year.
The year-end dividend is revised upwards to ¥ 40.0 per share, an increase of ¥ 21.5 compared to the previous year.
Sales and arrangement for both the Leasing Fund Business and Real Estate Fund Business remained strong.
✓ In the Leasing Fund Business, a total of JPY 37.6 billion was arranged, the largest ever for a marine container project.
Q2 Topics
✓ In the Real Estate Fund business, as a result of aggressive arrangement of the real estate fractional ownership investment products, including the acquisition of "FPG Minami Aoyama Bleu Cinq Point", the largest-ever property, a record-breaking ¥34.7 billion was arranged on a quarterly basis.
The cumulative amount of arrangement in this business exceeded JPY 110 billion.
1
Financial Highlights
✓ Growth driven by the Real
Net sales
Appx. 1.7x
Estate Fund business in addition to the Leasing Fund Business.
* Due to the application of the "Accounting
Standard for Revenue Recognition," the Real Estate Fund Business sales have been reclassified using the gross amount method for comparison purposes.
✓ Significant increase in profit due to higher sales and appropriate control of SG&A expenses.
Operating income
Appx. 1.7x
Ordinary income
Appx. 2.0x
* Profit attributable to owners of parent
Profit*
Appx. 2.0x
Results and Revised Full-Year Forecasts
◼ Full-year forecasts have been revised upwards again in light of 1H results.
◼ The pledge of ¥10 billion in ordinary profit in FY2023 is brought forward by one year, and ordinary income to net sales ratio is expected to recover to the 20% level.
✓ The Leasing Fund Business has actively acquired arrangement projects, mainly maritime projects, and will continue to actively sell equity placement products in the 2H of the year and beyond.
✓ The Real Estate Fund Business established a virtuous cycle of aggressive arrangement and sales activities whilst strong demands from investors continued.
◼ Dividend per share forecast revised upwards to ¥ 40.0, up ¥ 21.5 from the previous year.
* For the purpose of comparison with the current fiscal year, net sales of the Real Estate Fund Business have been reclassified using the gross amount method. © 2022 Financial Products Group Co., Ltd.
Leasing Fund Business Sales
◼ 1H equity placement sales were 34.7 billion yen, in line with expectations.
Trends in Sales Amount
Q4
Q3
Q2
156.7
Q1
FY2018
FY2019
FY2020
FY2021
FY2022
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