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
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