Summary of Business Results for the First Quarter Ended March 31, 2022
[Japan GAAP] (Consolidated)
May 13, 2022 | |||
Company | Sansei Landic Co.,Ltd | Listed on the TSE | |
Stock Code | 3277 | URL: https://www.sansei-l.co.jp | |
Representative | Takashi Matsuzaki, President and Representative Director | ||
Contact | Takeshi Nagata, Director, Chief Director of Administration Dept. | T E L: +81-3-5252-7511 |
Expected date of filing of quarterly report: May 13, 2022 | Expected starting date of dividend payment: - | ||||||||||||||||||||||||
Preparation of quarterly supplementary financial document: Yes | |||||||||||||||||||||||||
Quarterly results briefing: None | |||||||||||||||||||||||||
（Rounded down to million yen） | |||||||||||||||||||||||||
1. Consolidated business results for the three months ended March 2022 | |||||||||||||||||||||||||
(January 1, 2022 through March 31, 2022) | |||||||||||||||||||||||||
(1) Consolidated results of operations | (% change from the previous corresponding period) | ||||||||||||||||||||||||
Net sales | Operating income | Ordinary income | Net income attributable to | ||||||||||||||||||||||
owners of parent | |||||||||||||||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||||||||||||||||
Three months ended Mar. 2022 | 4,444 | -17.2 | 447 | -15.4 | 415 | -17.4 | 375 | 16.1 | |||||||||||||||||
Three months ended Mar. 2021 | 5,365 | 11.6 | 528 | 252.3 | 502 | 386.6 | 323 | 380.3 | |||||||||||||||||
(Note) Comprehensive income | |||||||||||||||||||||||||
Three months ended March 2022: 375 million yen (16.1%) | |||||||||||||||||||||||||
Three months ended March 2021: 323 million yen (380.3 %) | |||||||||||||||||||||||||
Net income | Diluted net income per | ||||||||||||||||||||||||
per share | share | ||||||||||||||||||||||||
Yen | Yen | ||||||||||||||||||||||||
Three months ended Mar. 2022 | 45.51 | 45.33 | |||||||||||||||||||||||
Three months ended Mar. 2021 | 38.47 | 38.36 | |||||||||||||||||||||||
(2) Consolidated financial position | |||||||||||||||||||||||||
Total assets | Net assets | Shareholders' equity | |||||||||||||||||||||||
ratio | |||||||||||||||||||||||||
Million yen | Million yen | % | |||||||||||||||||||||||
As of Mar. 2022 | 20,143 | 10,463 | 51.9 | ||||||||||||||||||||||
As of Dec. 2021 | 20,050 | 10,301 | 51.4 | ||||||||||||||||||||||
(Reference) Shareholders' equity | |||||||||||||||||||||||||
As of March 2022: 10,459 million yen | |||||||||||||||||||||||||
As of December 2021: 10,298 million yen | |||||||||||||||||||||||||
2. Dividends | |||||||||||||||||||||||||
Annual dividend | |||||||||||||||||||||||||
End of 1Q | End of 2Q | End of 3Q | Year-end | Total | |||||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||||||||||||
Year ended Dec. 2021 | - | 0.00 | - | 26.00 | 26.00 | ||||||||||||||||||||
Year ending Dec. 2022 | - | ||||||||||||||||||||||||
Year ending Dec. 2022 (forecast) | 0.00 | - | 27.00 | 27.00 | |||||||||||||||||||||
(Note) Revisions to dividend forecast for the current quarter: None | |||||||||||||||||||||||||
3．Forecast of consolidated business results for the fiscal year ending December 2022 | |||||||||||||||||||||||||
(January 1, 2022 through December 31, 2022) | (% change from the previous corresponding period) | ||||||||||||||||||||||||
Net sales | Operating income | Ordinary income | Net income attributable | Net income | |||||||||||||||||||||
to owners of parent | per share | ||||||||||||||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | Yen | |||||||||||||||||
For the six months | 8,290 | -9.0 | 839 | 21.9 | 761 | 20.7 | 669 | 66.2 | 81.14 | ||||||||||||||||
ending Jun. 2022 | |||||||||||||||||||||||||
17,103 | 1.6 | 1,402 | 25.5 | 1,226 | 22.7 | 1,058 | 73.7 | 128.40 | |||||||||||||||||
Year ending Dec. 2022 |
(Note) Revisions to business forecast for the current quarter: Yes
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* Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes in the scope of consolidation): Yes
- Application of accounting procedures specific to preparation of the consolidated quarterly financial statements:
Yes
-
Changes in accounting policies, accounting estimates and restatement
① Changes in accounting policies associated with revision of accounting standards: ②Changes in accounting policies other than ①
③Changes in accounting estimates
④Restatement - Shares outstanding (common stock)
① Number of shares outstanding at the end of period (treasury stock included)
As of March 2022 | 8,476,300 shares |
As of December 2021 | 8,474,800 shares |
②Treasury stock at the end of period | |
As of March 2022 | 229,942 shares |
As of December 2021 | 229,942 shares |
③Average number of stock during period (quarterly cumulative period)
Three months ended March 2022 | 8,245,108 shares |
Three months ended March 2021 | 8,403,364 shares |
- Yes
- None
- None
- None
*Quarterly financial summary is not subject to auditing procedures by certified public accountants or auditing firms.
*Explanation regarding appropriate use of business forecasts and other special instructions
Forecasts regarding future performance in this material are based on information currently available to the Company and certain assumptions that the Company deems to be reasonable at the time this report was prepared. Actual results may differ significantly from the forecasts due to various factors.
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1. Qualitative Information on Quarterly Financial Results
(1) Results of Operations
In the first quarter of the current fiscal year, net sales were 4,444 million yen (down by 17.2% YoY), operating income was 447 million yen (down by 15.4% YoY), ordinary income was 415 million yen (down by 17.4% YoY), and net income
attributable to owners of parent was 375 million yen (up by 16.1% YoY). Results by business segment are as follows.
- Real Estate Sales Business
In the Real Estate Sales Business, the segment recorded net sales of 4,222 million yen (down by 18.3% YoY) and segment income of 774 million yen (down by 8.1% YoY).
Sales and purchase results for the first quarter of the current fiscal year are as follows.
ⅰ Sales Results
Classification | Number of | YoY (%) | Sales (million yen) | YoY (%) |
contracts | ||||
Leasehold land | 86 | -2.3 | 1,793 | -48.2 |
Old unutilized properties | 10 | -41.2 | 2,024 | +42.6 |
Freehold | 4 | +100.0 | 315 | +64.3 |
Other real estate sales | - | - | 89 | -7.2 |
business | ||||
Total | 100 | -6.5 | 4,222 | -18.3 |
(Note) 1. Inter-segment transactions have been eliminated.
- "Number of contracts" indicates the number of transactions.
- "Classification" of Leasehold land, Old unutilized properties, and Freehold is stated according to the classification at the time of purchase. When leasehold land has changed to freehold with rights adjustment after purchase, this case is included in "Leasehold land" based on the classification at the time of purchase. As for the classification of mixed properties with leasehold land, old unutilized properties, and freehold, properties including leasehold land are classified as "Leasehold land", and properties containing a mix of old unutilized properties and freehold are classified as "Old unutilized properties."
- "Other Real Estate Sales Business" consists of rent income, income from brokerage fees, and commission income from outsourcing.
Although sales of old unutilized properties and freehold increased, sales decreased year-on-year due to a decrease in sales of leasehold land.
ⅱ Purchase Results
Classification | Number of lots | YoY (%) | Purchase amount | YoY (%) |
(Million yen) | ||||
Leasehold land | 107 | +5.9 | 1,289 | +13.1 |
Old unutilized properties | 15 | -31.8 | 1,383 | -1.5 |
Freehold | 12 | +1,100.0 | 283 | +672.7 |
Total | 134 | +8.1 | 2,956 | +14.5 |
(Note) 1. "Number of lots" indicates the number of sales lots expected at the time of purchase of the property, such as the number of leaseholders in the case of leasehold land.
2. As for the classification of mixed properties with leasehold land, old unutilized properties, and freehold, properties including leasehold land are classified as "Leasehold land", and properties containing a mix of old unutilized properties and freehold are classified as "Old unutilized properties."
The purchase amount increased due to the increase in purchase of leasehold land and freehold, despite the decrease in purchase of old unutilized properties.
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- Construction Business
In the Construction Business, the segment recorded net sales of 222 million yen (up 14.0% YoY) and segment loss of 16 million yen (segment loss of 38 million yen in the same period of the previous fiscal year).
Sales and orders received in the first quarter of the current fiscal year are as follows.
ⅰ Sales Results
Number of contracts | YoY (%) | Sales (million yen) | YoY (%) |
32 | -20.0 | 222 | +14.0 |
(Note) 1. Inter-segment transactions have been eliminated.
- "Number of contracts" indicates the number of contracts received.
- "Number of contracts" and "Sales" include the number and amount of renovation works and reconstruction works.
As for sales, net sales increased year on year due to an increase in construction work carried over from the beginning of the fiscal year.
ⅱ Order Results
Orders received | YoY (%) | Order backlog | YoY (%) |
(million yen) | (million yen) | ||
65 | -83.0 | 373 | -42.2 |
(Note) 1. Inter-segment transactions have been eliminated. 2. The above amounts are based on selling prices.
Orders received decreased year on year due to the extended period between the time of application for construction and the time of contract.
-
Financial Position (Current assets)
Current assets at the end of the first quarter of the current fiscal year increased by 50 million yen from the end of the previous fiscal year to 19,018 million yen. This was mainly due to an increase of 68 million yen in cash and deposits, a decrease of 95 million yen in accounts receivable, and an increase of 77 million yen in other current assets.
(Fixed assets)
Non-current assets increased by 42 million yen from the end of the previous fiscal year to 1,124 million yen at the end of the first quarter of the current fiscal year. This was mainly due to an increase of 16 million yen in property, plant and equipment and an increase of 30 million yen in investments and other assets.
(Current liabilities)
Current liabilities decreased by 578 million yen from the end of the previous fiscal year to 8,153 million yen at the end of the first quarter of the current fiscal year. This was mainly due to a decrease of 293 million yen in accounts payable- trade, a decrease of 519 million yen in short-term loans payable, an increase of 322 million yen in current portion of long- term loans payable, and a decrease of 176 million yen in income taxes payable.
(Fixed liabilities)
Non-current liabilities at the end of the first quarter of the current fiscal year increased by 508 million yen from the end of the previous fiscal year to 1,525 million yen. This was mainly due to an increase of 520 million yen in long-term loans payable.
(Net assets)
Net assets increased by 161 million yen from the end of the previous fiscal year to 10,463 million yen at the end of the third quarter of the current fiscal year. This was mainly due to an increase of 160 million yen in retained earnings. - Consolidated Business Forecasts and Other Forward-Looking Information
The Company revised the forecasts announced on February 14, 2022. For details, please refer to the "Notice of Impact on Business Results Due to Change in Consolidated Subsidiary (Transfer of Shares), etc. and Revision to Business Forecasts" announced on May 13, 2022.
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