Fiscal Year ended Dec.31, 2021 Financial Results
TSE1:3299 | February 14, 2022
h t t p s : / / w w w . m u g e n - e s t a t e . c o . j p /
Copyright© MUGEN ESTATE Co.,Ltd. All rights reserved.
Contents
1.
2.
3.
Overview of FY2021 Financial Results | 3 |
Initiatives for the fiscal year ending Dec.31 2022 | 13 |
FY2022 Earnings Forecast | 17 |
Appendix： Company Profile | 21 |
@ MUGEN ESTATE Co.,Ltd. ｜ 1
FY2021 Highlights
- Net sales fell slightly. Net profit rose significantly.
Consolidated net sales decreased 2.6％ year on year, to 33.9 billion yen. Profit attributable to owners of parent increased increased 113％ year on year, to 1.3 billion yen.
- Sales of residential-type properties were strong.
Net sales of residential-type properties climbed 21.4％ year on year, to 7,051 million yen. Unit sales increased 41 from a year ago, to 189.
- The ratio of sales to overseas investors increased
Net sales to foreign investors rose 20.7％ year on year, to 5,295 million yen, reflecting sales of large properties. Sales to foreign investors as a percentage of sales of investment-type properties stood at 21.5％, recovering to
pre-COVID level.
- Opened 5 sales offices
To strengthen the Purchase and Resale Business, the Group opened five sales offices focusing on the purchase of residential properties.
- Established associations for two small-lot real estate products
Two associations were established for Yoyogi Project and Shibuya Kamiyama-cho Project.
@ MUGEN ESTATE Co.,Ltd. ｜ 2
1 | O v e r v i e w o f F Y 2 0 2 1 F i n a n c i a l R e s u l t s |
Overview of Consolidated Financial Results for FY2021
- In FY2021, net sales slightly declined and profit rose year on year.
- Profit attributable to owners of parent increased significantly due to the absence of the reversal of deferred tax assets recorded in the previous fiscal year.
million yen | |||||||||||
FY2020 | FY2021 | YOY | 70,000 | 10,000 | |||||||
Net sales(million yen) | |||||||||||
Results | Proportion | Results | Proportion | Change | Rate | Ordinary income(million yen) | 9,000 | ||||
(%) | (%) | （%） | 60,000 | ||||||||
53,931 | 8,000 | ||||||||||
Net sales | 34,858 | 100.0 | 33,956 | 100.0 | (902) | (2.6) | 50,000 | 7,000 | |||
Gross profit | 5,864 | 16.8 | 5,788 | 17.0 | (76) | (1.3) | 40,000 | 39,677 | 6,000 | ||
34,858 | |||||||||||
33,956 | 5,000 | ||||||||||
SGA | 3,398 | 9.8 | 3,445 | 10.1 | 46 | 1.4 | 30,000 | 4,000 | |||
5,237 | |||||||||||
Operating | 2,465 | 7.1 | 2,342 | 6.9 | (123) | (5.0) | 20,000 | 3,000 | |||
income | |||||||||||
2,493 | 2,000 | ||||||||||
Ordinary income | 1,785 | 5.1 | 1,770 | 5.2 | (14) | (0.8) | 10,000 | 1,785 | 1,770 | ||
1,000 | |||||||||||
Profit attributable | 599 | 1.7 | 1,276 | 3.8 | 677 | 113.0 | 0 | 0 | |||
to owners of parent | FY18 | FY19 | FY20 | FY21 | |||||||
@ MUGEN ESTATE Co.,Ltd. ｜ 4
This is an excerpt of the original content. To continue reading it, access the original document here.