Financial Highlights
Net Sales & Ordinary Income
Net Sales by Business Category
The main sources of corporate net sales can be broadly divided into the following three business categories:
(1) Real Estate Development
Consists of the planning, development and sales of condominiums located principally in the center of the Tokyo Metropolitan Area．
(2) Renovation for Resale
Older condominiums are upgraded to remain comfortable by replacing common exterior parts and repairing interiors to accommodate residents' lifestyles. These units are then sold.
(3) Other Businesses
Category includes Real Estate Brokerage and Remodeling business divisions as well as our rental businesses.
| Mar-2019 | Mar-2020 | Mar-2021 | |
|---|---|---|---|
| Real Estate Development | 9,708,355 (85.20%) |
10,172,646 (85.60%) |
11,930,789 (82.74%) |
| Renovation for Resale | 1,190,978 (10.45%) |
1,222,366 (10.29%) |
1,949,519 (13.52%) |
| Real Estate Leasing | 360,899 (3.17%) |
377,213 (3.17%) |
432,913 (3.00%) |
| Other Businesses | 134,704 (1.18%) |
111,666 (0.94%) |
105,845 (0.73%) |
| TOTAL | 11,394,937 (100.00%) |
11,883,893 (100.00%) |
14,419,068 (100.00%) |
Major Financial Indicators
| Accounting year | Mar-2017 | Mar-2018 | Mar-2019 | Mar-2020 | Mar-2021 |
|---|---|---|---|---|---|
| Classification | Non-consolidated | Non-consolidated | Non-consolidated | Non-consolidated | Non-consolidated |
| Net sales (JPY thousand) | 6,759,066 | 11,391,923 | 11,394,937 | 11,883,893 | 14,419,068 |
| Ordinary income (JPY thousand) | 20,269 | 424,656 | 229,123 | 654,056 | 687,789 |
| Net income (JPY thousand) | 170,482 | 304,942 | 190,903 | 456,866 | 593,602 |
| Capital stock (JPY thousand) | 1,587,317 | 1,587,317 | 1,587,317 | 1,587,317 | 1,587,317 |
| Total number of shares issued | 4,894,000 | 4,894,000 | 4,894,000 | 4,894,000 | 4,894,000 |
| Net assets (JPY thousand) | 3,520,814 | 3,731,046 | 3,803,864 | 4,142,337 | 4,597,493 |
| Total assets (JPY thousand) | 12,156,581 | 19,165,283 | 18,243,261 | 19,612,780 | 19,366,417 |
| Net assets per share (JPY) | 740.79 | 785.21 | 800.50 | 871.96 | 977.37 |
| Dividend per share (JPY) (Including interim dividend per share) |
20 (-) |
25 (-) |
25 (-) |
25 (-) |
30 (-) |
| Net income per share (JPY) | 35.74 | 64.42 | 40.32 | 96.45 | 126.21 |
| Equity ratio (%) | 28.8 | 19.4 | 20.8 | 21.1 | 23.7 |
| Return on equity (ROE) (%) | 4.9 | 8.4 | 5.1 | 11.5 | 13.6 |
| Dividend payout ratio (%) | 56.0 | 38.8 | 62.0 | 25.9 | 23.8 |
| Cash flow through operating activities (JPY thousand) | △2,424,034 | △4,803,973 | 2,155,250 | 127,028 | 845,683 |
| Cash flow through investment activities (JPY thousand) | 260,620 | △1,230,676 | △34,469 | △607,446 | △1,112,022 |
| Cash flow through financing activities (JPY thousand) | 2,280,225 | 5,432,068 | △1,807,755 | 571,783 | 728,575 |
| Cash and cash equivalents at end of year (JPY thousand) | 1,555,853 | 953,271 | 1,266,296 | 1,357,842 | 1,820,079 |
| Number of employees | 61 | 61 | 55 | 52 | 57 |
