Summary of Financial Statements for the nine months ended December 31, 2025 [PDF: 483KB]

P.1 Summary of Financial Results for FY2025 1Q–3Q

P.9

Key Indicators of Real Estate Related Business

P.2 Consolidated Income Statements

P.10

Key Indicators of Condominium Management and Operation Business

P.3 Net Sales & Gross Profit of Completed Construction Contracts

P.11

Results by Operating Segments

P.4 Order Received Results 1Q–3Q

P.12

Main Factors for Changes in Consolidated Balance Sheet

P.5 Order Received (Non-Consolidated) (Quarterly, Main Order Property)

P.13

Breakdown of Real Estate and Overseas Investment by Use

P.6 Key Indicators of Order Received (Non-Consolidated)

P.14

Interest-Bearing Debt and Shareholders’ Equity

P.7 Net Sales & Gross Profit of Real Estate Sales

P.15

Reference Information

P.8 Key Indicators of For-sale Condominium Business

FY2024

FY2025

Change

Consolidated

1-3Q (A)

1-3Q (B)

(B)-(A)

%

Net Sales

836.7

893.1

56.4

6.7%

Gross Profit

116.9

128.3

11.5

9.8%

Operating Profit

Operating Profit Ratio

57.4

6.9%

63.8

7.1%

6.4

0.2pt

11.1%

Ordinary Profit

58.4

61.1

2.8

4.7%

Ordinary Profit Ratio

7.0%

6.8%

(0.2pt)

Profit ※

18.4

38.3

19.9

108.3%

Profit Ratio

2.2%

4.3%

2.1pt

FY2025 Annual

Forecast

Progress

Order Received 433.8

490.1

56.3 13.0％

FY2024 1Q-3Q

FY2025 1Q-3Q

Change

Amount

%

Net sales

836.7

893.1

56.4

6.7%

Completed construction contracts

443.7

463.5

19.8

4.5%

Design and supervis ion

8.5

7.3

(1.2)

( 14.1%)

Leasing and management

68.8

70.4

1.5

2.2%

Real estate sales

300.1

334.9

34.8

11.6%

Others businesses

15.7

17.1

1.4

8.8%

Gross profit

116.9

128.3

11.5

9.8%

Completed construction contracts

55.7

65.1

9.4

16.9%

[Profit ratio of completed construction contracts]

12.6%

14.0%

1.4p

Design and supervis ion

4.5

3.4

(1.0)

( 23.3%)

Leasing and management

15.3

15.2

(0.1)

( 0.6%)

Real estate sales

38.4

40.8

2.4

6.4%

Others businesses

3.0

3.8

0.8

25.6%

Selling, general and administrative expense

59.4

64.5

5.1

8.6%

Operating profit

57.4

63.8

6.4

11.1%

[Operating profit ratio]

6.9%

7.1%

0.2p

Financial income (expenses)

0.3

(2.6)

(2.9)

Others, net

0.7

(0.1)

(0.8)

Ordinary profit

58.4

61.1

2.8

4.7%

[Ordinary profit ratio]

7.0%

6.8%

(0.2p)

Extraordinary income or loss

(20.6)

(0.2)

20.4

Profit before income taxes

37.8

60.9

23.2

61.4%

Income taxes - current

17.0

20.4

3.3

Income taxes - deferred

2.4

2.3

(0.1)

Profit (loss) attributable to non-controlling interests

-

0.0

0.0

Profit attributable to owners of parent

18.4

38.3

19.9

108.3%

FY2024

FY2025 Result

FY2025 Forecast

1Q-3Q

1Q-3Q

Change

Annual

Progress

Construction Business

423.6

475.9

52.3

685.0

69.5%

Private sector condominiums

395.5

442.0

46.5

630.0

70.2%

Rental condominiums Company housing, etc.

14.4

2.1

(12.3)

12.0

17.7%

Non-residence

4.5

21.8

17.3

24.0

91.0%

Other

5.4

6.1

0.7

14.0

43.5%

Consulting contracts

3.8

3.8

(0.0)

5.0

76.0%

Design and supervision

10.2

14.2

4.1

15.0

94.8%

Order received(Non-cons olidated)

433.8

490.1

56.3

700.0

70.0%

【Order received by subsidiaries 】

Haseko Reform ※

33.5

24.9

(8.6)

35.0

71.1%

Fuji Kensets u

20.6

20.5

(0.2)

42.0

48.7%

Main Order Property

Property Owners

Location

Units

※ Wakamatsu 2-Chome Housing Redevelopment Project – New Construction

Wakamatsu 2-Chome Housing Redevelopment Association

Funabashi-shi, Chiba

987

BAUS Tokorozawa Kotesashi Tower

Chuo-Nittochi Co., Ltd., etc.

Tokorozawa-shi, Saitama

659

※ Kajihara Project in Kamakura – New Construction

Nishi - Nippon Railroad Co., Ltd., etc.

Kamakura-shi, Kanagawa

645

※ Osaka-shi Fukushima-ku Sagisu 1-Chome Project – New Construction

Hankyu Hanshin Properties Corp.

Fukushima-ku, Osaka-shi

612

CIELIA City Nagoya Dome–mae Yada

Kanden Realty & Development Co., Ltd.

Higashi-ku, Nagoya-shi

379

90.1%

90.0%

71.6%

FY2024

1Q-3Q (A)

FY2025

1Q-3Q (B)

Change

(B)-(A)

%

Total of Net Sales by Segments

892.9

961.7

68.8

7.7%

Cons truction-Related Business

619.5

673.3

53.8

8.7%

Real Es tate-Related Business

166.0

170.4

4.4

2.6%

Condominium Management and Operating Business

106.0

115.9

9.9

9.3%

Overseas Business

1.4

2.1

0.7

49.9%

Total of Operating Profit by Segments

62.5

71.7

9.2

14.7%

Cons truction-Related Business

41.9

53.1

11.2

26.6%

Real Es tate-Related Business

20.5

19.4

(1.0)

(5.1%)

Condominium Management and Operating Business

4.4

5.5

1.1

24.8%

Overseas Business

(4.2)

(6.3)

(2.0)

-%

335.7

3.0

338.7

420.0

(1.6)

418.4

532.0

529.2

(2.9)

Treasury shares (6.4)

673.4

134.4

163.7

188.8

163.8

168.4

119.3

136.9

131.8

48.8

51.5

FY2024 1Q-3Q

FY2025 1Q-3Q

Change

Amount

%

Net sales

836.7

893.1

56.4

6.7%

Completed construction contracts

443.7

463.5

19.8

4.5%

Design and supervis ion

8.5

7.3

(1.2)

( 14.1%)

Leasing and management

68.8

70.4

1.5

2.2%

Real estate sales

300.1

334.9

34.8

11.6%

Others businesses

15.7

17.1

1.4

8.8%

Gross profit

116.9

128.3

11.5

9.8%

Completed construction contracts

55.7

65.1

9.4

16.9%

[Profit ratio of completed construction contracts]

12.6%

14.0%

1.4p

Design and supervis ion

4.5

3.4

(1.0)

( 23.3%)

Leasing and management

15.3

15.2

(0.1)

( 0.6%)

Real estate sales

38.4

40.8

2.4

6.4%

Others businesses

3.0

3.8

0.8

25.6%

Selling, general and administrative expense

59.4

64.5

5.1

8.6%

Operating profit

57.4

63.8

6.4

11.1%

[Operating profit ratio]

6.9%

7.1%

0.2p

Financial income (expenses) *

0.3

(2.6)

(2.9)

Others, net

0.7

(0.1)

(0.8)

Ordinary profit

58.4

61.1

2.8

4.7%

[Ordinary profit ratio]

7.0%

6.8%

(0.2p)

Extraordinary income or loss

(20.6)

(0.2)

20.4

Profit before income taxes

37.8

60.9

23.2

61.4%

Income taxes - current

17.0

20.4

3.3

Income taxes - deferred

2.4

2.3

(0.1)

Profit (loss) attributable to non-controlling interests

-

0.0

0.0

Profit attributable to owners of parent

18.4

38.3

19.9

108.3%

Depreciation and amortization, excluding goodw ill-amortization

6.0

6.3

0.3

4.7%

FY2024

Result

FY2025 Revised forecast

Annual

Progress

1,177.4

1,240.0

62.6

72.0%

599.1

605.5

6.4

76.6%

14.3

14.5

0.2

50.1%

94.1

97.0

2.9

72.5%

448.7

500.0

51.3

67.0%

21.2

23.0

1.8

74.3%

166.5

187.0

20.5

68.6%

74.6

86.5

11.9

75.3%

12.5%

14.3%

1.8p

7.2

7.5

0.3

45.6%

20.7

21.5

0.8

70.6%

60.7

67.0

6.3

61.0%

3.2

4.5

1.3

84.6%

81.8

90.0

8.2

71.7%

84.7

97.0

12.3

65.8%

7.2%

7.8%

0.6p

(1.6)

(6.3)

(4.7)

0.3

(0.7)

(1.0)

83.4

90.0

6.6

67.9%

7.1%

7.3%

0.2p

(22.7)

-

22.7

60.7

90.0

29.3

67.7%

26.9

(0.6)

-

32.0

5.8

34.5

58.0

23.5

66.0%

FY2024 1Q-3Q

FY2025 1Q-3Q

Change

Amount

%

Net sales

584.2

605.8

21.7

3.7%

Completed construction contracts Commissioned works

Design and supervis ion Lease rentals of buildings

Real estate sales

390.7

3.4

9.1

4.3

176.6

413.6

2.8

7.8

3.7

177.9

22.9

(0.5)

(1.4)

(0.6)

1.3

5.9%

( 15.7%)

( 15.1%)

( 13.5%)

0.7%

Gross profit

69.7

79.0

9.2

13.3%

Completed construction contracts Commissioned works

[Profit ratio of completed construction works] Design and supervis ion

Lease rentals of buildings Real estate sales

Selling, general and administrative expense

45.6

2.0

12.1%

4.8

1.2

16.2

34.0

53.8

1.9

13.4%

3.7

0.8

18.8

35.3

8.3

(0.1) 1.3p (1.1)

(0.4)

2.6

1.2

18.1%

( 7.2%)

( 23.3%)

( 32.5%)

16.2%

3.7%

Operating profit

35.7

43.7

8.0

22.4%

[Operating profit ratio]

6.1%

7.2%

1.1p

Financial income (expenses) *

Others, net

6.2

0.8

15.5

1.0

9.3

0.2

Ordinary profit

42.7

60.2

17.5

40.9%

[Ordinary profit ratio]

7.3%

9.9%

2.6p

Extraordinary income or loss

0.0

(0.1)

(0.1)

Profit before income taxes

42.7

60.1

17.4

40.6%

Income taxes - current

Income taxes - deferred

10.8

1.4

13.2

1.7

2.5

0.3

Profit

30.6

45.2

14.6

47.7%

FY2024

Result

FY2025 Forecast

Annual

Progress

779.1

810.0

30.9

74.8%

525.0

535.0

10.0

77.3%

5.7

6.0

0.3

47.4%

15.4

16.0

0.6

48.5%

5.2

5.0

(0.2)

73.8%

227.8

248.0

20.2

71.7%

92.2

108.0

15.8

73.1%

58.2

70.0

11.8

76.9%

3.5

3.5

(0.0)

53.0%

11.6%

13.6%

2.0p

7.8

8.0

0.2

46.0%

1.0

1.0

(0.0)

78.5%

21.6

25.5

3.9

73.9%

47.0

49.5

2.5

71.2%

45.2

58.5

13.3

74.7%

5.8%

7.2%

1.4p

5.6

13.0

7.4

0.8

0.5

(0.3)

51.6

72.0

20.4

83.6%

6.6%

8.9%

2.3p

0.0

-

(0.0)

51.6

72.0

20.4

83.5%

14.2

(0.1)

19.0

4.9

37.5

53.0

15.5

85.2%

Depreciation and amortization, excluding goodw ill-amortization

2.7

2.9

0.2

8.7%

Mar 2025

Dec 2025

Change

Mar 2025

Dec 2025

Change

Amount

％

Amount

％

Current assets:

  1,053.2  

   975.1  

   (78.1) 

  (7.4%)

Current liabilities:

   442.8  

   368.1  

   (74.7) 

  (16.9%)

Cash and deposits

236.0

156.9

(79.0)

(33.5%)

Notes payable, accounts payable for construction contracts and other

105.4

93.7

(11.7)

(11.1%)

Notes receivable, accounts receivable from completed construction contracts and other

148.6

137.1

(11.5)

(7.7%)

Electronically recorded obligations

42.5

45.8

3.2

7.6%

Securities

3.3

4.1

0.8

25.4%

Short-term borrowings

15.0

0.7

(14.3)

(95.1%)

Costs on construction contracts in progress

13.6

18.5

4.9

36.2%

Current portion of long-term borrowings

20.0

20.7

0.7

3.7%

Real estate for sale

312.8

287.2

(25.6)

(8.2%)

Current portion of bonds payable

40.0

20.4

(19.6)

(48.9%)

Costs on real estate business

281.9

306.4

24.5

8.7%

Advances received on cons truction contracts in progres s

44.8

72.1

27.3

60.8%

Real estate for development

36.9

32.4

(4.5)

(12.3%)

Deposits received

77.5

28.3

(49.2)

(63.5%)

Other

20.2

32.6

12.3

61.0%

Other

97.5

86.3

(11.3)

(11.6%)

Allowance for doubtful accounts

(0.1)

(0.1)

(0.0)

-%

Non-current liabilities:

   390.3  

   417.3  

     27.0  

     6.9%

Bonds payable

80.0

80.1

0.1

0.1%

Long-term borrowings

265.0

296.3

31.3

11.8%

Retirement benefit liability

1.9

2.1

0.1

7.5%

Provis ion for loss on litigation

6.4

-

(6.4)

(100.0%)

Other

37.0

38.8

1.8

4.8%

Total liabilities

833.2

785.4

(47.8)

( 5.7%)

Non-current assets:

   312.0  

   339.5  

     27.5  

     8.8%

Shareholders' equity:

   500.0  

   494.2  

     (5.9) 

  (1.2%)

Property, plant and equipment + Leasehold interests in land

145.8

150.5

4.7

3.2%

Share capital

57.5

57.5

-

-%

Goodwill

1.8

1.6

(0.2)

(8.6%)

Capital surplus

7.4

7.6

0.3

3.4%

Inves tment securities

102.8

127.9

25.1

24.4%

Retained earnings

472.6

472.9

0.3

0.1%

Deferred tax assets

6.8

1.0

(5.8)

(85.3%)

Treasury shares

(37.4)

(43.8)

(6.4)

-%

Other

55.8

59.4

3.7

6.6%

Accumulated other comprehensive  income:

   32.0  

   34.3  

     2.3  

     7.3%

Allowance for doubtful accounts

(0.9)

(1.0)

(0.0)

-%

Valuation difference on available-for-s ale securities

10.2

17.9

7.7

75.2%

Foreign currency translation adjustment

22.9

17.2

(5.7)

( 24.9%)

Remeasurements of defined benefit plans

(1.2)

(0.8)

0.4

-%

Non-controlling interests

-

0.7

     0.7  

         -%

Total net assets

532.0

529.2

(2.9)

( 0.5%)

Total assets

1,365.2

1,314.6

(50.6)

( 3.7%)

Total liabilities and net assets

1,365.2

1,314.6

(50.6)

( 3.7%)

FY2024

1Q-3Q

FY2025

1Q-3Q

FY2025

Annual forecas t

Net sales

Ordinary

profit

Profit

Net sales

Ordinary

profit

Profit

Net sales

Ordinary

profit

Profit

Haseko Corporation

584.2

42.7

30.6

605.8

60.2

45.2

810.0

72.0

53.0

Construction-Related Business

Fuji Kensetsu, Co., Ltd.

29.2

1.1

0.8

27.3

2.4

1.6

39.4

2.8

1.8

Hasec, Inc.

0.6

0.4

0.3

0.7

0.5

0.3

0.8

0.6

0.4

Haseko Furnishing Co., Ltd.

7.0

0.5

0.3

9.1

0.9

0.6

11.5

0.8

0.5

Haseko Reform, Inc.

30.0

1.5

1.0

33.5

1.8

1.2

43.5

2.1

1.5

Hosoda Corporation

13.0

0.1

0.1

14.9

0.2

0.1

24.3

1.0

0.7

Haseko Homes, Co., Ltd.

4.6

0.2

0.1

3.7

0.0

0.0

5.7

0.2

0.1

WOOD FRIENDS Co., Ltd. and three other subsidiaries *1

-

-

-

9.3

(0.8)

(0.7)

18.3

(1.5)

(1.5)

Real Estate-Related Business

Haseko Real Estate Development, Inc.

41.3

5.2

3.3

49.2

5.1

3.3

79.1

4.8

3.1

Sohgoh Real Estate, Co., Ltd.

34.7

4.2

2.7

32.4

1.7

1.1

48.6

2.0

1.4

HASEKO Sohgoh Development, Inc. *2

-

-

-

10.6

1.1

0.7

27.9

3.0

2.1

Haseko Urbest, Inc.

6.9

0.5

0.3

7.2

0.1

0.1

14.2

4.0

2.8

Haseko Real Estate, Inc.

40.8

1.5

1.0

52.8

3.7

2.4

84.2

5.5

3.6

Haseko Intec, Inc.

4.6

0.2

0.1

3.8

0.1

0.1

8.2

0.8

0.5

Condominium Management and Operation Business

Haseko Community, Inc.

47.0

3.9

2.7

47.8

3.7

2.6

70.2

5.9

4.1

Haseko Community Kyushu, Inc.

2.1

0.1

0.1

2.1

0.1

0.1

3.2

0.2

0.1

Haseko Community Okinawa, Inc.

0.4

0.1

0.0

0.4

0.1

0.0

0.5

0.1

0.1

Haseko Livenet, Inc.

33.8

3.7

2.8

40.7

3.5

2.4

59.1

5.2

3.7

JOINT PROPERTY, CO., LTD

1.3

0.1

0.1

1.2

0.1

0.0

2.3

0.2

0.1

Haseko Business Proxy, Inc.

2.1

0.2

0.1

2.4

0.1

0.1

3.5

0.4

0.2

Haseko Senior Well Design, Co., Ltd.

11.2

0.7

0.6

12.2

1.0

0.8

16.0

0.3

0.1

Furusato, Co., Ltd.

1.6

0.1

0.1

1.7

0.1

0.1

2.2

0.1

0.1

Haseko Systems, Inc.

7.8

1.2

0.8

8.6

1.4

1.0

12.3

1.6

1.1

Overs eas Business

Haseko America, Inc.

1.3

(4.3)

(24.7)

2.0

(7.3)

(7.4)

6.6

(8.0)

(8.0)

Consolidated

836.7

58.4

18.4

893.1

61.1

38.3

1,240.0

90.0

58.0

Tokyo metropolitan area

From Apr. 1, 2023 to Mar. 31, 2024

From Apr. 1, 2024 to Mar. 31, 2025

From Apr. 1, 2025 to Dec. 31, 2025

Supplied

Initial month s ales rate

Supplied

Initia l month s ales rate

Supplied

Initial month s ales rate

Total

Has eko

Share

Total

Has eko

Total

Has eko

Share

Total

Has eko

Total

Has eko

Share

Total

Has eko

Under 50 units

4,493

-

-

74.8%

-

3,221

-

-

69.3%

-

2,965

-

-

65.2%

-

50 ～ 99 units

6,438

1,177

18.3%

67.1%

63.9%

5,903

1,005

17.0%

64.8%

55.4%

4,065

632

15.5%

62.0%

49.2%

100 ～ 199 units

4,936

2,007

40.7%

62.8%

66.3%

4,279

1,699

39.7%

61.0%

58.4%

3,928

2,051

52.2%

55.2%

51.5%

200 ～ 399 units

5,143

2,522

49.0%

72.1%

68.7%

3,439

1,834

53.3%

74.4%

71.8%

2,863

1,817

63.5%

66.5%

64.9%

400 units or more

5,788

2,788

48.2%

73.5%

54.5%

5,397

2,178

40.4%

67.1%

41.6%

4,023

1,727

42.9%

63.8%

57.3%

Total: Fiscal year base

26,798

8,494

31.7%

69.9%

62.8%

22,239

6,716

30.2%

66.8%

56.2%

17,844

6,227

34.9%

62.2%

56.8%

Of which 20 stories and above

4,361

775

17.8%

—

—

4,839

772

16.0%

—

—

3,728

767

20.6%

—

—

Total: Calendar year base

26,886

8,173

30.4%

（Jan.23～Dec.23）

23,003

7,475

32.5%

（Jan.24～Dec.24）

21,962

7,443

33.9%

（Jan.25～Dec.25）

Kinki area (*excluding Tokai area)

From Apr. 1, 2023 to Mar. 31, 2024

From Apr. 1, 2024 to Mar. 31, 2025

From Apr. 1, 2025 to Dec. 31, 2025

Supplied

Initial month s ales rate

Supplied

Initia l month s ales rate

Supplied

Initial month s ales rate

Total

Has eko

Share

Total

Haseko

Total

Has eko

Share

Total

Haseko

Total

Has eko

Share

Total

Haseko

Under 50 units

2,463

-

-

75.6%

-

2,220

-

-

70.7%

-

1,985

-

-

79.4%

-

50 ～ 99 units

5,078

225

4.4%

76.5%

64.9%

5,428

295

5.4%

74.3%

79.3%

3,857

58

1.5%

77.4%

69.0%

100 ～ 199 units

4,888

1,009

20.6%

70.4%

64.3%

3,856

1,115

28.9%

71.9%

58.5%

3,574

864

24.2%

72.9%

57.5%

200 ～ 399 units

2,342

1,233

52.6%

73.7%

74.3%

3,583

1,769

49.4%

79.0%

78.0%

3,296

1,470

44.6%

64.3%

58.5%

400 units or more

1,017

703

69.1%

68.7%

67.4%

624

307

49.2%

82.4%

69.1%

402

170

42.3%

44.8%

40.0%

Total: Fiscal year base

15,788

3,170

20.1%

73.5%

68.9%

15,711

3,486

22.2%

74.6%

71.1%

13,114

2,562

19.5%

72.2%

57.2%

Of which 20 stories and above

1,278

296

23.2%

—

—

1,497

171

11.4%

—

—

1,765

79

4.5%

—

—

Excluding s tudio apartm ent

12,630

3,170

25.1%

70.0%

68.9%

12,178

3,486

28.6%

71.6%

71.1%

10,143

2,562

25.3%

67.3%

57.2%

Total: Calendar year base

15,385

2,979

19.4%

（Jan.23～Dec.23）

15,137

3,463

22.9%

（Jan.24〜Dec.24）

16,922

3,212

19.0%

（Jan.25～Dec.25）

1Q-3Q

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

Consolidated

Net sales

553.7

626.1

706.5

768.9

836.7

893.1

Operating profit

46.6

61.5

56.6

61.4

57.4

63.8

Ordinary profit

45.7

61.0

55.1

60.5

58.4

61.1

Profit attributable to owners of parent

31.1

41.8

36.9

39.6

18.4

38.3

Total Assets

886.8

1,002.4

1,100.1

1,198.7

1,254.3

1,314.6

Inventories *

Property, plant and equipment + Leas ehold interes ts in land

Inves tment Securities (Real estate, Oves eas inves tments)

308.6

167.5

12.6

372.5

171.1

17.2

419.5

196.5

36.3

549.8

176.1

50.9

583.6

145.9

57.0

626.0

150.5

75.0

Total Real Estate and Overs eas Inves tments

488.7

560.9

652.3

776.8

786.5

851.5

Interest-bearing debt balance

271.6

317.3

361.2

370.0

405.0

418.4

Equity

382.6

403.7

446.9

488.8

505.4

528.5

Equity-to-asset ratio

43.1%

40.3%

40.6%

40.8%

40.3%

40.2%

Net cash provided by (used in) Operating activities

(43.4)

(27.0)

(62.3)

(4.2)

(46.2)

16.9

Net cash provided by (used in) Inves ting activities

(27.5)

(25.5)

(40.7)

(32.0)

(24.7)

(35.3)

Net cash provided by (used in) Financing activities

79.6

21.4

24.4

(44.3)

(33.8)

(58.8)

Cash and cash equivalents at end of the period

160.3

183.7

189.3

129.9

178.6

157.8

Number of employees

7,600

7,691

7,729

8,005

8,410

9,036

Non-Consolidated

Net sales

398.3

421.5

502.2

533.2

584.2

605.8

Operating profit

39.7

41.2

39.7

42.3

35.7

43.7

Ordinary profit

49.5

48.9

47.9

54.4

42.7

60.2

Profit

37.5

36.1

35.8

40.1

30.6

45.2

Order received

220.3

212.0

244.7

312.1

433.8

490.1

Number of employees

2,488

2,509

2,475

2,515

2,592

2,760

Outstanding shares

Total number of issued shares (including treasury shares)

300,794

300,794

300,794

300,794

300,794

292,479

Treasury shares

17,760

26,147

25,980

28,013

27,749

27,820

（Treasury shares remaining in the trust）

[3,043]

[2,966]

[2,797]

[4,827]

[4,561]

[4,337]

The average number of shares

288,179

274,803

274,799

272,745

272,998

269,231