FACT SHEETS | |
For the Six Months Ended September 30, 2017 | |
(Unaudited) | |
| ・・・・ 1 |
| ・・・・ 11 |
| ・・・・ 16 |
DAIKYO INCORPORATED | |
October 30, 2017 |
DAIKYO INCORPORATED
October 30, 2017
Forecast |
Apr 2017- Mar 2018 |
340,000 |
19,000 5.6% |
18,000 5.3% |
12,000 |
6 Months | Apr-Sep 2013 | Apr-Sep 2014 | Apr-Sep 2015 | Apr-Sep 2016 | Apr-Sep 2017 | Year-on-year | |
Net sales | 154,988 | 126,369 | 169,500 | 146,628 | 133,640 | △ 12,988 | |
Gross profit | 22,565 | 15,759 | 25,890 | 20,960 | 16,884 | △ 4,075 | |
Selling, general and administrative expenses [SG&A] | 16,194 | 14,801 | 15,091 | 14,367 | 15,334 | 966 | |
Operating income Operating margin | 6,370 4.1% | 957 0.8% | 10,798 6.4% | 6,592 4.5% | 1,550 1.2% | △ 5,042 △ 3.3pp | |
Other income | 374 | 280 | 284 | 318 | 192 | △ 126 | |
Interest income | 22 | 31 | 50 | 27 | 10 | △ 16 | |
Dividend income | 12 | 12 | 14 | 20 | 19 | △ 1 | |
Other expenses | 992 | 820 | 669 | 578 | 368 | △ 209 | |
Interest expense | 479 | 363 | 247 | 143 | 111 | △ 31 | |
Ordinary income Ordinary income to net sales ratio | 5,752 3.7% | 417 0.3% | 10,414 6.1% | 6,332 4.3% | 1,373 1.0% | △ 4,958 △ 3.3pp | |
Extraordinary income | 11,390 | 39 | 27 | - | 0 | 0 | |
Extraordinary loss | 2,237 | 140 | 39 | 31 | 4 | △ 26 | |
Income before income taxes and minority interests | 14,905 | 316 | 10,402 | 6,300 | 1,368 | △ 4,931 | |
Income taxes - current | 1,732 | 871 | 2,276 | 1,594 | 834 | △ 759 | |
Income taxes - deferred | 1,535 | △ 1,939 | 1,149 | 704 | △ 116 | △ 821 | |
Net income | 11,637 | 1,385 | 6,976 | 4,001 | 650 | △ 3,350 | |
Net income attributable to noncontrolling interests | 1 | 1 | - | - | - | - | |
Profit attributable to owners of parent company shareholders | 11,636 | 1,383 | 6,976 | 4,001 | 650 | △ 3,350 |
Retroactive treatment has been applied to the figures displayed for the six months ended September 30, 2013
As of Sep 30 | 2013 | 2014 | 2015 | 2016 | 2017 | ||
Current assets | 238,023 | 224,984 | 233,531 | 216,368 | 217,883 | ||
Cash and deposits | 94,207 | 78,779 | 94,598 | 74,823 | 60,505 | ||
Inventories | 119,431 | 112,670 | 108,802 | 112,554 | 128,405 | ||
Real estate for sale | 13,664 | 21,313 | 42,340 | 37,100 | 43,241 | ||
Real estate for sale in progress | 88,364 | 82,284 | 50,421 | 59,297 | 65,071 | ||
Real estate for development projects | 17,401 | 9,073 | 16,040 | 16,156 | 20,092 | ||
Others | 24,384 | 33,533 | 30,130 | 28,990 | 28,973 | ||
Fixed assets | 51,360 | 50,367 | 49,413 | 46,379 | 41,806 | ||
Property and equipment | 18,211 | 17,987 | 18,523 | 18,388 | 14,695 | ||
Others | 33,148 | 32,379 | 30,889 | 27,990 | 27,111 | ||
Total assets | 289,384 | 275,351 | 282,944 | 262,748 | 259,689 | ||
Liabilities | 152,373 | 130,621 | 121,937 | 95,224 | 87,323 | ||
Notes and accounts payable | 23,860 | 20,905 | 21,601 | 14,677 | 12,789 | ||
Interest-bearing debt | 69,049 | 58,822 | 51,823 | 34,860 | 29,208 | ||
Others | 59,463 | 50,893 | 48,512 | 45,686 | 45,325 | ||
Net assets | 137,010 | 144,730 | 161,007 | 167,523 | 172,366 | ||
Shareholders' equity | 136,636 | 145,232 | 160,373 | 167,421 | 171,929 | ||
Valuation and translation adjustments | 348 | △ 531 | 634 | 101 | 437 | ||
Minority interests | 26 | 28 | - | - | - | ||
Total liabilities and net assets | 289,384 | 275,351 | 282,944 | 262,748 | 259,689 |
Mar 31, 2017 | Change from Mar 2017 |
235,927 | △ 18,043 |
89,736 | △ 29,231 |
115,990 | 12,415 |
45,885 | △ 2,644 |
43,622 | 21,449 |
26,482 | △ 6,389 |
30,200 | △ 1,227 |
41,972 | △ 166 |
14,516 | 179 |
27,456 | △ 345 |
277,899 | △ 18,209 |
100,036 | △ 12,713 |
20,283 | △ 7,494 |
28,930 | 277 |
50,821 | △ 5,496 |
177,863 | △ 5,496 |
177,461 | △ 5,531 |
401 | 35 |
- | - |
277,899 | △ 18,209 |
Retroactive treatment has been applied to the figures displayed for as of September 30, 2013, September 30, 2016 and March 31,2017.
Shareholders' equity ratio* | 47.3% | 52.6% | 56.9% | 63.8% | 66.4% |
* Shareholders' equity ratio = (net assets - share subscription rights - minority interests)/ total assets
Interest-bearing Debt (Millions of yen)64.0% 2.4pp
As of Sep 30 | 2013 | 2014 | 2015 | 2016 | 2017 |
Short-term borrowings | 24,367 | 28,867 | 10,380 | 11,909 | 9,129 |
Bonds due within one year | - | - | 5,000 | - | 2,000 |
Bonds | 7,000 | 7,000 | 2,000 | 2,000 | - |
Long-term borrowings | 37,603 | 22,906 | 34,421 | 20,942 | 18,070 |
Other interest-bearing debt | 79 | 49 | 22 | 9 | 9 |
Total interest-bearing debt | 69,049 | 58,822 | 51,823 | 34,860 | 29,208 |
Mar 31, 2017 | Change from Mar 2017 |
7,931 | 1,198 |
2,000 | - |
- | - |
18,987 | △ 917 |
12 | △ 3 |
28,930 | 277 |
Debt to equity ratio* | 0.50 | 0.41 | 0.32 | 0.21 | 0.17 |
* Debt to equity ratio = interest-bearing debt/ (net assets - share subscription rights - minority interests)
0.16 0.01
Fact Sheets
1 for the six months ended September 30, 2017
DAIKYO INCORPORATED
October 30, 2017
Forecast |
Apr 2017- Mar 2018 |
177,000 |
11,300 |
6.4% |
65,000 |
3,900 |
6.0% |
102,000 |
7,100 |
7.0% |
△ 4,000 |
△ 3,300 |
340,000 |
19,000 |
5.6% |
6 Months | Apr-Sep 2014 | Apr-Sep 2015 | Apr-Sep 2016 | Apr-Sep 2017 | Year-on-year | |
Real Estate Management | Net sales | 71,601 | 75,970 | 75,597 | 77,519 | 1,921 |
Operating income | 3,235 | 4,219 | 4,320 | 4,174 | △ 146 | |
operating income margin | 4.5% | 5.6% | 5.7% | 5.4% | △ 0.3pp | |
Real Estate Brokerage | Net sales | 20,336 | 26,251 | 28,833 | 29,419 | 585 |
Operating income | 568 | 1,835 | 1,138 | 1,239 | 100 | |
operating income margin | 2.8% | 7.0% | 3.9% | 4.2% | 0.3pp | |
Real Estate Development and Sales | Net sales | 35,821 | 69,844 | 44,339 | 29,963 | △ 14,375 |
Operating income | △ 1,239 | 6,327 | 2,362 | △ 2,234 | △ 4,596 | |
operating income margin | △3.5% | 9.1% | 5.3% | △7.5% | △ 12.8pp | |
Eliminations or Corporate | Net sales | △ 1,389 | △ 2,564 | △ 2,141 | △ 3,261 | △ 1,119 |
Operating income | △ 1,606 | △ 1,583 | △ 1,229 | △ 1,629 | △ 400 | |
Total | Net sales | 126,369 | 169,500 | 146,628 | 133,640 | △ 12,988 |
Operating income | 957 | 10,798 | 6,592 | 1,550 | △ 5,042 | |
operating income margin | 0.8% | 6.4% | 4.5% | 1.2% | △ 3.3pp |
In accordance with the change in segment classification, the above change has been reflected in the figures in the six months ended September 30, 2014.
Real Estate ManagementFor the real estate management business, while the breakdown of net sales is currently disclosed as management, contract work, and other, a breakdown by product and service based on each Group company has been stated in these results briefing materials as condominium management, condominium repair and maintenance work, etc., and building and facility management, from the perspective of enhancing information disclosure.
Overview of Segment Earnings Results (Millions of yen)6 Months | Apr-Sep 2014 | Apr-Sep 2015 | Apr-Sep 2016 | Apr-Sep 2017 | Year-on-year | |
Condominium management | Net sales | 33,678 | 35,754 | 36,641 | 37,227 | 585 |
Operating income | 2,388 | 3,010 | 3,157 | 3,175 | 18 | |
operating income margin | 7.1% | 8.4% | 8.6% | 8.5% | △ 0.1pp | |
Condominium repair and maintenance work, etc. | Net sales | 16,529 | 14,889 | 17,335 | 18,734 | 1,398 |
Operating income | 330 | 313 | 417 | 435 | 18 | |
operating income margin | 2.0% | 2.1% | 2.4% | 2.3% | △ 0.1pp | |
Building and facility management | Net sales | 21,956 | 25,846 | 22,410 | 22,363 | △ 46 |
Operating income | 509 | 887 | 739 | 555 | △ 183 | |
operating income margin | 2.3% | 3.4% | 3.3% | 2.5% | △ 0.8pp | |
Eliminations or Corporate | Net sales | △ 563 | △ 520 | △ 790 | △ 806 | △ 16 |
Operating income | 6 | 7 | 7 | 6 | △ 0 | |
Total | Net sales | 71,601 | 75,970 | 75,597 | 77,519 | 1,921 |
Operating income | 3,235 | 4,219 | 4,320 | 4,174 | △ 146 | |
operating income margin | 4.5% | 5.6% | 5.7% | 5.4% | △ 0.3pp |
As of Sep 30 | 2014 | 2015 | 2016 | 2017 | Change from Sep 2016 |
Condominium management | 1,823 | 1,866 | 1,926 | 1,972 | 46 |
Condominium repair and maintenance work, etc. | 377 | 381 | 413 | 449 | 36 |
Building and facility management | 809 | 803 | 874 | 915 | 41 |
Total | 3,009 | 3,050 | 3,213 | 3,336 | 123 |
Mar 31, 2017 | Change from Mar 2017 |
1,911 | 61 |
420 | 29 |
892 | 23 |
3,223 | 113 |
*The number of employees is the number of full-time permanent employees.
2
Fact Sheets for the six months ended September 30, 2017
DAIKYO INCORPORATED
October 30, 2017
Condominium Management
Overview of Earnings Results (Millions of yen)6 Months | Apr-Sep 2014 | Apr-Sep 2015 | Apr-Sep 2016 | Apr-Sep 2017 | Year-on-year | |
Total | 33,678 | 35,754 | 36,641 | 37,227 | 585 | |
Condominium management | 26,879 | 27,351 | 27,337 | 27,344 | 7 | |
Contract work | 3,484 | 4,321 | 5,219 | 5,483 | 264 | |
Other | 3,314 | 4,081 | 4,085 | 4,399 | 314 |
As of Sep 30 | 2014 | 2015 | 2016 | 2017 | Change from Sep 2016 |
Number of condominium units under management | 520,340 | 528,530 | 529,587 | 531,798 | 2,211 |
Number of condominium associations | 9,353 | 9,482 | 9,506 | 9,546 | 40 |
Mar 31, 2017 | Change from Mar 2017 |
531,957 | △ 159 |
9,536 | 10 |
6 Months | Apr-Sep 2014 | Apr-Sep 2015 | Apr-Sep 2016 | Apr-Sep 2017 | Year-on-year |
Orders | 3,715 | 5,005 | 5,633 | 5,888 | 255 |
Sales | 3,484 | 4,321 | 5,219 | 5,483 | 264 |
Backlog of orders* | 1,246 | 1,776 | 2,089 | 2,286 | 196 |
Mar 31, 2017 | Change from Mar 2017 |
- | - |
- | - |
1,880 | 405 |
*The backlog of order is the balance at the end of the fiscal period.
Condominium repair and maintenance work, etc.
Overview of Earnings Results (Millions of yen)6 Months | Apr-Sep 2014 | Apr-Sep 2015 | Apr-Sep 2016 | Apr-Sep 2017 | Year-on-year | |
Net sales | 16,529 | 14,889 | 17,335 | 18,734 | 1,398 | |
Contract work | 16,324 | 14,630 | 17,042 | 18,586 | 1,544 | |
Other | 205 | 258 | 292 | 147 | △ 145 |
6 Months | Apr-Sep 2014 | Apr-Sep 2015 | Apr-Sep 2016 | Apr-Sep 2017 | Year-on-year | |
Orders | 16,803 | 18,100 | 26,467 | 21,342 | △ 5,124 | |
Repair and maintenance work in intra-group market | - | 15,644 | 21,802 | 16,299 | △ 5,503 | |
Repair and maintenance work in external market | - | 585 | 1,053 | 1,673 | 619 | |
Other | - | 1,869 | 3,611 | 3,369 | △ 241 | |
Sales | 16,324 | 14,630 | 17,042 | 18,586 | 1,544 | |
Repair and maintenance work in intra-group market | - | 11,371 | 14,194 | 15,249 | 1,054 | |
Repair and maintenance work in external market | - | 685 | 488 | 1,194 | 706 | |
Other | - | 2,574 | 2,359 | 2,142 | △ 216 | |
Backlog of Orders | 18,306 | 24,285 | 29,780 | 26,718 | △ 3,062 | |
Repair and maintenance work in intra-group market | - | 19,194 | 25,083 | 19,015 | △ 6,067 | |
Repair and maintenance work in external market | - | 182 | 956 | 1,191 | 235 | |
Other | - | 4,908 | 3,741 | 6,511 | 2,769 |
Mar 31, 2017 | Change from Mar 2017 |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
23,962 | 2,755 |
17,965 | 1,050 |
713 | 478 |
5,283 | 1,227 |
※Following changes to the classification of construction work and the relevant properties, amounts have been changed and
posted accordingly for the fiscal year ended in March 2017.
*Orders and sales for condominium units under management are noted as "intra-group market" and orders and sales for condominium units not managed by the Company are noted as "external market."
※ "Other" refers to the amounts for new construction and general contract work other than large-scale repair and maintenance work for condominiums.
*The backlog of orders is the balance at the end of the fiscal period.
Fact Sheets
3 for the six months ended September 30, 2017
Daikyo Inc. published this content on 30 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 October 2017 13:42:05 UTC.
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