Heiwa Real Estate Co., Ltd.TSE: 8803

Fact Book for Fiscal Year Ended March 31, 2025

· Issued by Heiwa Real Estate Co., Ltd.

FACT BOOK

2025$3月਋ Fi3cal Year Ended March 31, 2025

Conۣenۣ3

৴੥೵೙ৌස6/Con3olidaWed Balance SheeW3 ••• 01

৴੥௤இੑ$છ/Con3olidaWed SWaWemenW3 o内 Income ••• 03

৴੥&কfシュ•フ◻-ੑ$છ/Con3olidaWed SWaWemenW3 o内 Ca3h Flow3 ••• 04

Rॢメンॺੲਾ/SegmenW In内ormaWion ••• 06

৴੥ଃਜVイছイॺ/Con3olidaWed Financial HighlighW3 ••• 07

਌ऩਚ$অルŒ૾ய/SWaWu3 o内 Whe Company'3 Principal Building3 ••• 09 ORSUSシĽ-ӲŒன৫/DevelopmenW o内 Whe ORSUS Serie3 ••• 13

ઙૄŒ૾ய/SWaWu3 o内 Share3 ••• 14



2021/3

2022/3

2023/3

2024/3

2025/3

ৱਓŒ৖ A33eW3

૴৿ৱਓ CurrenW a33eW3

ਠA¤Ӳ౲A Ca3h and depo3iW3

$#౞ઽোA Trade accounW3 receivable

$੼઒& SecuriWie3

୿ਲ਼lਂ৿ਓ Real e3WaWe 内or 3ale

லG୿ਲ਼lਂ৿ਓ Real e3WaWe 内or 3ale in proce33

$#Ωৱ OperaWing inve3WmenW3 in capiWal

जŒ౎ OWher

೵౵Q4A Allowance 内or doubW内ul accounW3

૴৿ৱਓ়ੑ ToWal currenW a33eW3

ಕ৒ৱਓ Non-currenW a33eW3

$஄ಕ৒ৱਓ ProperWy, planW and equipmenW

૦M¤ӲଡണM(ෞપ) Building3 and 3WrucWure3, neW

ਃ༊ಎ઼¤Ӳઈဦ఻(ෞપ) Machinery, equipmenW and vehicle3, neW

ੵ఻ؚஓ఻¤Ӳ૟品(ෞપ) Tool3, 内urniWure and 内ixWure3, neW

±J Land

૦ਝෘྠ৒ Con3WrucWion in progre33

$஄ಕ৒ৱਓ়ੑ ToWal properWy, planW and equipmenW

૮஄ಕ৒ৱਓ InWangible a33eW3

೙Jਥ Lea3ehold inWere3W3 in land

ŒोS Goodwill

जŒ౎ OWher

૮஄ಕ৒ৱਓ়ੑ ToWal inWangible a33eW3

਺ৱजŒ౎Œৱਓ Inve3WmenW3 and oWher a33eW3

਺ৱ$੼઒& Inve3WmenW 3ecuriWie3

జ#৩पৌघ£年਋೵હA Long-Werm loan3 recievable 内rom employee3

೷™ઘAৱਓ De内erred Wax a33eW3

जŒ౎ OWher

೵౵Q4A Allowance 内or doubW内ul accounW3

਺ৱजŒ౎Œৱਓ়ੑ ToWal inve3WmenW3 and oWher a33eW3

ಕ৒ৱਓ়ੑ ToWal non-currenW a33eW3

೷™ৱਓ De内erred a33eW3

k品৅示ા Bond i33uance co3W3

೷™ৱਓ়ੑ ToWal de内erred a33eW3

ৱਓ়ੑ ToWal a33eW3

29,685

1,633

16

30,261

834

1,684

3,852

-26

23,211

1,809

5,014

19,623

251

1,624

2,038

-25

20,908

1,967

6,999

14,153

298

1,027

1,300

-24

20,416

2,114

8,005

20,645

567

551

956

-0

19,343

2,291

5,997

29,821

32

1,173

1,376

-0

67,942

53,548

46,630

53,257

60,036

74,133

327

389

154,043

9,843

82,947

492

560

163,624

1,754

86,217

480

607

190,497

1,723

84,557

425

829

184,669

5,039

79,319

371

804

170,597

31,257

238,737

249,379

279,526

275,522

282,350

26,618

-97

28,560

-251

30,464

-193

30,492

645

181

30,374

602

187

26,716

28,811

30,658

31,320

31,164

43,265

0

155

4,310

-0

39,066

-156

5,079

-

34,632

-226

6,345

-

38,072

-250

7,175

-

37,027

-243

8,391

-

47,732

44,301

41,204

45,498

45,662

313,185

322,492

351,388

352,341

359,177

224

224

169

169

314

314

381

381

326

326

381,353

376,210

398,333

405,979

419,541

2021/3

2022/3

2023/3

2024/3

2025/3

଀品Œ৖ LiabiliWie3

૴৿଀品 CurrenW liabiliWie3

$#౞௸A Trade accounW3 payable

1$D೥൬A৒Œk品 CurrenW porWion o内 bond3 payable

ಢ਋೙োA ShorW-Werm borrowing3

1$Dନ品A৒Œ年਋೙োA CurrenW porWion o内 long-Werm borrowing3

౞௸&Kઘಉ Income Waxe3 payable

౞௸଎ાઘಉ Accrued con3umpWion Waxe3

૽৩ೖZQ4A Provi3ion 内or bonu3e3 内or direcWor3 (and oWher o内内icer3

ೖZQ4A Provi3ion 内or bonu3e3

जŒ౎ OWher

૴৿଀品়ੑ ToWal currenW liabiliWie3

ಕ৒଀品 Non-currenW liabiliWie3

k品 Bond3 payable

年਋೙োA Long-Werm borrowing3

ਭোഢA৳઒A Lea3ehold and guaranWee depo3iW3 received

೷™ઘA଀品 De内erred Wax liabiliWie3

ગ௬੼पબ£೷™ઘA଀品 De内erred Wax liabiliWie3 内or land revaluaWion

年਋౞௸A Long-Werm accounW3 payable - oWher

ઙૄஔહQ4A Provi3ion 内or 3hare award3

୐૙ஔહपબ£଀品 ReWiremenW bene内iW liabiliWy

ৱਓ௾V品ਜ A33eW reWiremenW obligaWion3

जŒ౎ OWher

ಕ৒଀品়ੑ ToWal non-currenW liabiliWie3

଀品়ੑ ToWal liabiliWie3

ෞৱਓŒ৖ NeW a33eW3

ઙ਌ৱম Shareholder3' equiWy

ৱমA Share capiWal

ৱম๪౟A CapiWal 3urplu3

ਹஇ๪౟A ReWained earning3

ঽUઙૄ Trea3ury 3hare3

ઙ਌ৱম়ੑ ToWal 3hareholder3' equiWy

जŒ౎ŒlЫਹஇྸੑપ AccumulaWed oWher comprehen3ive income

जŒ౎$੼઒&௬੼୷પA ValuaWion di内内erence on available-内or-3ale 3ecuriWie3

೷™vfジ௤இ De内erred gain3 or lo33e3 on hedge3

±Jગ௬੼୷પA RevaluaWion re3erve 内or land

जŒ౎ŒlЫਹஇྸੑપ়ੑ ToWal accumulaWed oWher comprehen3ive income

ෞৱਓ়ੑ ToWal neW a33eW3

଀品ෞৱਓ়ੑ ToWal liabiliWie3 and neW a33eW3

1,818

1,891

9,250

26,961

337

77

86

213

1,755

3,367

4,327

3,800

13,077

3,300

96

118

250

2,372

5,727

3,648

3,800

15,727

2,618

642

134

256

1,988

1,923

3,624

800

16,681

1,674

1,738

109

272

2,228

1,698

4,259

800

18,695

2,560

123

126

301

3,841

42,391

30,710

34,543

29,052

32,407

28,216

145,408

22,829

11,378

7,663

4,000

47

115

662

0

23,889

157,143

22,514

10,170

7,613

4,000

101

119

669

-

27,989

170,880

23,524

8,849

7,314

4,850

147

234

676

-

27,864

173,703

23,636

9,466

7,186

8,391

213

126

683

9

23,605

198,320

23,206

7,368

7,333

8,133

310

180

675

-

220,322

226,221

244,466

251,282

269,134

262,713

256,931

279,009

280,334

301,541

21,492

19,720

44,740

-4,496

21,492

19,720

50,258

-7,306

21,492

19,720

56,298

-9,997

21,492

19,720

61,012

-9,989

21,492

19,720

64,580

-19,043

81,457

84,165

87,513

92,235

86,749

20,187

-

16,995

18,068

-

17,045

15,443

-

16,366

17,339

-6

16,076

15,265

54

15,928

37,182

35,113

31,810

33,409

31,249

118,639

119,278

119,324

125,645

117,999

381,353

376,210

398,333

405,979

419,541

2021/3

2022/3

2023/3

2024/3

2025/3

ਲ਼঱y

NeW 3ale3

35,048

57,818

44,522

44,433

42,075

ਲ਼঱ਉ੼

Co3W o内 3ale3

19,687

40,126

28,242

25,863

23,028

ਲ਼঱੕ਹஇ

Gro33 pro内iW

15,361

17,691

16,279

18,569

19,046

୿ਲ਼ા¤Ӳ-ಹଵ৶ા

Selling, general and admini3WraWive expen3e3

4,132

5,076

5,495

5,547

5,850

$#ਹஇ

OperaWing pro内iW

11,228

12,615

10,784

13,022

13,196

$#4ઽஇ

Non-operaWing income

ਭ਄ਹඅ

InWere3W income

10

5

6

17

18

ਭ਄ଦ4A

Dividend income

445

534

539

382

529

जŒ౎

OWher

65

45

30

44

26

$#4ઽஇ়ੑ

ToWal non-operaWing income

522

585

575

444

575

$#4ાl

Non-operaWing expen3e3

6௸ਹඅ

InWere3W expen3e3

1,331

1,414

1,480

1,664

1,891

k品৅示ા೥ే

AmorWizaWion o内 bond i33uance co3W3

54

56

56

50

52

හ௤У

Mi3cellaneou3 lo33e3

120

158

175

287

176

$#4ાl়ੑ

ToWal non-operaWing expen3e3

1,506

1,628

1,713

2,003

2,120

৽pਹஇ

Ordinary pro内iW

10,244

11,572

9,647

11,463

11,651

્શਹஇ

ExWraordinary income

ಕ৒ৱਓਲ਼ేஇ

Gain on 3ale o内 non-currenW a33eW3

-

344

-

-

-

਺ৱ$੼઒&ਲ਼ేஇ

Gain on 3ale o内 inve3WmenW 3ecuriWie3

-

761

3,543

1,215

799

হ#ඒநஇ

Gain on 3ale o内 bu3ine33e3

-

-

240

-

-

ଓஃAઽো

Sub3idy income

-

-

44

2

-

્શਹஇ়ੑ

ToWal exWraordinary income

-

1,106

3,827

1,218

799

્શ௤У

ExWraordinary lo33e3

ಕ৒ৱਓਲ਼ే௤

Lo33 on 3ale o内 non-currenW a33eW3

1

-

-

-

-

ಕ৒ৱਓ௾ే௤

Lo33 on reWiremenW o内 non-currenW a33eW3

18

49

61

20

16

૦౹ঢ়৴௤У

Lo33 on building recon3WrucWion

-

82

-

-

-

੖௤௤У

ImpairmenW lo33e3

8

2

108

66

-

਺ৱ$੼઒&௬੼௤

Lo33 on valuaWion o内 inve3WmenW 3ecuriWie3

-

-

-

181

-

ಕ৒ৱਓ™ೠ௤

Lo33 on Wax purpo3e reducWion enWry o内 non-currenW a33eW3

-

-

44

2

-

્શ௤У়ੑ

ToWal exWraordinary lo33e3

27

133

214

271

16

ઘAಉ৹ତ৐4਋ෞਹஇ

Pro内iW be内ore income Waxe3

10,216

12,544

13,260

12,409

12,434

&KઘؚkMઘ¤Ӳহ#ઘ

Income Waxe3 - currenW

1,745

4,113

4,655

4,040

4,361

&Kઘಉ৹ତપ

Income Waxe3 - de内erred

1,351

-274

-532

-81

-1,493

&Kઘಉ়ੑ

ToWal income Waxe3

3,097

3,839

4,123

3,959

2,868

4਋ෞਹஇ

Pro内iW

7,118

8,705

9,137

8,450

9,565

஡ভkઙ਌पషരघ£4਋ෞਹஇ

Pro内iW aWWribuWable Wo owner3 o内 parenW

7,118

8,705

9,137

8,450

9,565

*1Fઽஇੳ௙पঢ়घॊভੑ੦૆](ÛAভੑ੦૆ਸ਼29号 2020年3月31日)ಉ॑2022/3਋Œ਋੣Ùैి৷tथउॉ,2022/3਋ਰDŒãகम,ਊჾভੑ੦૆ಉ॑ి৷te৏ŒãகTऩढथःॊ。

*1 The amounts for the year ended March 31, 2022, and thereafter have been adjusted to reflect the Company's adoption, effective from April 1, 2021, of the Accounting Standard for Revenue Recognition (Statement No. 29) issued by the Accounting Standards Board of Japan on March 31, 2020.

*2F১Kઘ,kBઘAӲহAઘಉपঢ়घॊভੑ੦૆](ÛAভੑ੦૆ਸ਼27号 2022年10月28日。ਰyF2022年੝ਫভੑ੦૆]Tःअ。)ಉ॑ਊ৴੥ভੑ年২Œ਋੣Ùैి৷tथःॊ。

*2 Effective from April 1, 2024, the Company applied the revised Accounting Standard for Current Income Taxes (Statement No. 27) issued by the Accounting Standards Board of Japan (ASBJ) on October 28, 2022.

2021/3

2022/3

2023/3

2024/3

2025/3

$#ણ৿पb£&কfシュ•フ◻- Ca3h 内low3 内rom operaWing acWiviWie3

ઘAಉ৹ତ৐4਋ෞਹஇ Pro内iW be内ore income Waxe3

੖੼೥ేા DepreciaWion

੖௤௤У ImpairmenW lo33e3

ŒोS೥ేપ AmorWizaWion o内 goodwill

਺ৱ$੼઒&௬੼௤இ(-मஇ) Lo33 (gain on valuaWion o内 inve3WmenW 3ecuriWie3

হ#ඒந௤இ(-मஇ) Lo33 (gain on 3ale o内 bu3ine33e3

ಕ৒ৱਓ௾ే௤ Lo33 on reWiremenW o内 non-currenW a33eW3

೵౵Q4AŒੜ੖પ(-म੖૘) Increa3e (decrea3e in allowance 内or doubW内ul accounW3

ೖZQ4AŒੜ੖પ(-म੖૘) Increa3e (decrea3e in provi3ion 内or bonu3e3

୐૙ஔહपબ£଀品Œੜ੖પ(-म੖૘) Increa3e (decrea3e in reWiremenW bene内iW liabiliWy

ਭ਄ਹඅ¤Ӳਭ਄ଦ4A InWere3W and dividend income

6௸ਹඅ InWere3W expen3e3

k品৅示ા೥ే AmorWizaWion o内 bond i33uance co3W3

ಕ৒ৱਓਲ਼ే௤இ(-मஇ) Lo33 (gain on 3ale o内 non-currenW a33eW3

਺ৱ$੼઒&ਲ਼ే௤இ(-मஇ) Lo33 (gain on 3ale o内 inve3WmenW 3ecuriWie3

ਲ਼঱品ਥŒੜ੖પ(-मੜਸ) Decrea3e (increa3e in Wrade receivable3

ྕ྘ৱਓŒੜ੖પ(-मੜਸ) Decrea3e (increa3e in invenWorie3

$#ΩৱŒੜ੖પ(-मੜਸ Decrea3e (increa3e in operaWing inve3WmenW3 in capiWal

৐௸ાlŒੜ੖પ(-मੜਸ) Decrea3e (increa3e in prepaid expen3e3

౞ઽোAŒੜ੖પ(-मੜਸ) Decrea3e (increa3e in accounW3 receivable - oWher

லো品ਜŒੜ੖પ(-म੖૘) Increa3e (decrea3e in Wrade payable3

৐ਭAŒੜ੖પ(-म੖૘) Increa3e (decrea3e in advance3 received

౞௸଎ાઘಉŒੜ੖પ(-म੖૘) Increa3e (decrea3e in accrued con3umpWion Waxe3

౲ɧAŒੜ੖પ(-म੖૘) Increa3e (decrea3e in depo3iW3 received Increa3e (decrea3e in lea3ehold and guaranWee

౲ɧഢA¤Ӳ৳઒AŒੜ੖પ(-म੖૘)

depo3iW3 received

जŒ౎ OWher,neW

৵ੑ SubWoWal

ਹඅ¤Ӳଦ4AŒਭ਄પ InWere3W and dividend3 received

ਹඅŒ6௸પ InWere3W paid

&KઘಉŒ6௸પ Income Waxe3 paid

$#ણ৿पb£&কfシュ•フ◻- NeW ca3h provided by (u3ed in operaWing acWiviWie3

10,216

12,544

13,260

12,409

12,434

5,077

5,418

5,668

5,778

5,636

8

2

108

66

-

-

-

-

7

42

-

-

-

181

-

-

-

-240

-

-

18

49

61

20

16

24

-1

-0

-24

0

2

36

6

15

29

-176

4

114

-108

54

-456

-540

-545

-400

-548

1,331

1,414

1,480

1,664

1,891

54

56

56

50

52

1

-344

-

-

-

-

-761

-3,543

-1,215

-799

-512

-175

-157

-147

-176

-410

18,578

11,012

6,273

3,584

-1,199

60

597

475

-621

6

-25

0

-10

20

-758

-895

1,323

264

-1,020

-188

274

-55

-144

-105

49

-66

12

-46

1,394

-1,320

19

545

1,096

-1,615

-14

633

-544

26

117

609

-281

1,006

-181

-909

793

144

35

-253

1,355

13,157

36,144

30,203

25,798

20,832

462

540

522

422

548

-1,320

-1,407

-1,457

-1,650

-1,864

-4,006

-1,088

-5,315

-4,984

-3,467

8,292

34,189

23,952

19,584

16,048