Sansei Landic Co., Ltd.
Supplementary Materials for
Consolidated Financial Results for
FY12/21
February 14, 2022
FY12/21 Topics
- Net sales fell short of the previous year results and the plan. However, each profit exceeded the previous year results and the plan, as gross margin increased reflecting an increased sales ratio of leasehold land and increased profit margins in leasehold land, old unutilized properties, and freehold. With this, we have revised upwardly our business forecasts.
- We have also revised upwardly our dividend forecasts. The year-end dividend for FY12/21 will be increased by 1 yen per share from 25 yen to 26 yen, and the year-end dividend forecast for FY12/22 will be increased by 1 yen per share to 27 yen. This is the ninth consecutive year of dividend increases.
- We focus on profit rather than sales, and the current profit level is on a steady recovery trend.
- The performance of the Construction business fell short of the previous year results and the plan.
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Financial Results（Consolidated）
(Unit: million yen) | FY12/19 | FY12/20 | FY12/21 | ||||
Results | Results | Plan | Results | Difference | |||
Net sales | 18,020 | 17,774 | 18,385 | 16,836 | -1,549 | ||
Gross profit | 5,118 | 3,986 | 4,368 | 4,368 | 0 | ||
SG&A | 3,257 | 3,138 | 3,449 | 3,250 | -198 | |||
Operating | 1,860 | 847 | 919 | 1,117 | +198 | |||
income | ||||||||
Ordinary | 1,758 | 709 | 762 | 999 | +237 | |||
income | ||||||||
Extraordinary | ― | 32 | ― | 3 | +3 | |||
income | ||||||||
Extraordinary | ― | 29 | ― | ― | ― | |||
loss | ||||||||
Net income | 1,158 | 357 | 505 | 609 | +104 |
■Net sales
-5.3％ YoY
■Gross profit
+9.6% YoY
■SG&A
+3.6% YoY
■Operating income
+31.9% YoY
■Ordinary income
+40.9% YoY
■Net income
+70.5% YoY
2
Financial Results（Non-consolidated）
(Unit: million yen) | FY12/19 | FY12/20 | FY12/21 | |||||||||
Results | Results | Plan | Results | Difference | ||||||||
Net sales | 16,266 | 16,111 | 17,706 | 15,529 | -2,176 | |||||||
Gross profit | 4,879 | 3,727 | 4,263 | 4,274 | +11 | |||||||
SG&A | 2,981 | 2,881 | 3,315 | 3,011 | -303 | |||||||
Operating | 1,898 | 845 | 948 | 1,263 | +315 | |||||||
income | ||||||||||||
Ordinary | 1,752 | 671 | 762 | 993 | +230 | |||||||
income | ||||||||||||
Extraordinary | ― | 31 | ― | 3 | +3 | |||||||
income | ||||||||||||
Extraordinary | ― | ― | ― | ― | ― | |||||||
loss | ||||||||||||
Net income | 1,172 | 177 | 505 | 603 | +97 | |||||||
■Net sales
-3.6％ YoY
■Gross profit
+14.7% YoY
■SG&A
+4.5％ YoY
- Operating income
+49.4% YoY
■Ordinary income
+48.0% YoY
■Net income
+240.3% YoY
3
Summary of Consolidated Balance Sheet
(Unit: million yen) | |||||||
FY12/20 | FY12/21 | ||||||
Amount | Amount | Vs. end of | Pct. change | ||||
previous term | |||||||
Cash and | |||||||
4,329 | 5,360 | +1,030 | +23.8％ | ||||
deposits | |||||||
Property for sale | 14,424 | 13,301 | -1,123 | -7.8% | |||
Interest-bearing | 8,341 | 8,107 | -234 | -2.8% | |||
liabilities | |||||||
Net assets | 10,066 | 10,301 | +235 | +2.3% | |||
Total assets | 20,070 | 20,050 | -20 | -0.1% | |||
Shareholders' | 50.1% | 51.4% | +1.3pt | ― | |||
equity ratio | |||||||
■Cash and deposits Increased due to active capitalization of some properties held.
■Property for sale
Decreased from the end of the previous fiscal year, mainly due to active capitalization of some properties held.
■Interest-bearing liabilities Short-term loans payable increased due to purchase of properties, while long-term loans payable decreased.
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