Sanei Architecture Planning : Consolidated Financial Results for the Three Months Ended November 30, 2021

For Immediate Release

(This is an English translation of the Japanese original.)

Consolidated Financial Results

for the Three Months Ended November 30, 2021

[Japanese GAAP]

January 14, 2022

Company name: SANEI ARCHITECTURE PLANNING CO., LTD.

Stock exchange listing: Tokyo Stock Exchange

Code number: 3228

URL: https://www.san-a.com

Representative: Manabu Koike, Representative Director and Senior Managing Director

Contact: Tsuyoshi Hasebe, Executive Officer, General Manager of Administration Division

Phone: [phone]

Scheduled date of filing quarterly securities report: January 14, 2022

Scheduled date of commencing dividend payments: -

Availability of supplementary briefing material on quarterly financial results: Not available

Schedule of quarterly financial results briefing session: Not scheduled

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the three months ended November 30, 2021 (September 1, 2021 to

	November 30, 2021)
(1) Consolidated Operating Results			(% indicates changes from the previous corresponding period.)
			Net sales			Operating profit		Ordinary profit		Profit attributable to
							owners of parent
	Three months ended	Million yen	%		Million yen	%		Million yen	%		Million yen	%
	November 30, 2021	21,583	(12.4)	1,498	4.7	1,544	(9.2)	988	(3.5)
	November 30, 2020		24,649	14.5		1,431	17.7		1,700	54.4		1,024	56.1

(Note) Comprehensive income: Three months ended November 30, 2021: ¥1,122 million [0.5%] Three months ended November 30, 2020: ¥1,116 million [69.0%]

			Basic profit per	Diluted profit
			share	per share
	Three months ended		Yen	Yen
	November 30, 2021	46.59		38.74
	November 30, 2020		48.29		40.28

(2) Consolidated Financial Position

	Total assets	Net assets	Equity ratio
	Million yen	Million yen	%
As of November 30, 2021	142,617	53,560	35.8
As of August 31, 2021	141,791	53,319	35.8

(Reference) Equity: As of November 30, 2021: ¥51,077 million As of August 31, 2021: ¥50,820 million

2. Dividends

		Annual dividends
	1st	2nd		3rd			Year-end			Total
	quarter-endquarter-endquarter-end
Fiscal year ended	Yen	Yen		Yen			Yen			Yen
-	35.00	-	40.00	75.00
August 31, 2021
Fiscal year ending	-
August 31, 2022
Fiscal year ending
August 31, 2022		37.50		-		37.50		75.00
(Forecast)

(Note) Revision to the forecast for dividends announced most recently: No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending August 31, 2022 (September 1, 2021 to August 31, 2022)

(% indicates changes from the previous corresponding period.)

			Net sales			Operating profit		Ordinary profit		Profit attributable	Basic profit per
							to owners of parent	share
			Million yen	%		Million yen	%		Million yen	%		Million yen	%		Yen
	First half	57,282	3.2	4,024	(0.6)	3,647	(15.3)	2,383	(10.6)		112.32
	Full year		154,100	15.0		12,002	3.0		11,213	(5.4)		7,054	(6.8)		332.48

(Note) Revision to the financial results forecast announced most recently: No

* Notes:

1. Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): No
2. Adoption of accounting methods specific to the preparation of quarterly consolidated financial statements: No
3. Changes in accounting policies, changes in accounting estimates and retrospective restatement
4. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
5. Total number of issued shares (common shares)
6. 1. Total number of issued shares at the end of the period (including treasury shares):

November 30, 2021: 21,217,600 shares

August 31, 2021: 21,217,600 shares

1. Total number of treasury shares at the end of the period: November 30, 2021: 521 shares
   August 31, 2021: 521 shares
2. Average number of shares during the period:

Three months ended November 30, 2021: 21,217,079 shares

Three months ended November 30, 2020: 21,217,079 shares

• These consolidated financial results are outside the scope of quarterly review by certified public accountants or audit firms

* Explanation of the proper use of financial results forecast and other notes

The earnings forecasts and other forward-looking statements herein are based on information available to the Company and certain assumptions deemed reasonable, and the Company does not promise the achievement of those forecasts. Actual results may differ significantly from these forecasts due to a wide range of factors. For the assumptions underlying the forecasts and the notes on the use of the forecasts, please refer to "1. (3) Explanation Regarding Consolidated Financial Results Forecast and Other Forward-looking Information" on page 4 (Japanese version only).

Quarterly Consolidated Financial Statements and Primary Notes

(1) Quarterly Consolidated Balance Sheets

					(Thousand yen)
			As of August 31, 2021	As of November 30, 2021
Assets
Current assets
Cash and deposits			36,283,555		23,045,659
Notes and accounts receivable - trade	7,773,374		-
Notes and accounts receivable - trade, and contract			-		8,129,863
assets
Real estate for sale	34,446,282		41,185,321
Real estate for sale in process			40,478,646		43,858,556
Costs on construction contracts in progress	757,016		1,118,116
Other			1,811,226		6,831,936
Allowance for doubtful accounts	(7,523)		(12,093)
Total current assets			121,542,579		124,157,360
Non-current assets
Property, plant and equipment
Buildings and structures	6,320,089		6,302,016
Accumulated depreciation			(1,046,068)		(1,133,955)
Buildings and structures, net	5,274,021		5,168,061
Land			4,069,961		4,059,689
Other	483,978		504,612
Accumulated depreciation			(306,410)		(314,782)
Other, net	177,567		189,829
Total property, plant and equipment			9,521,551		9,417,580
Intangible assets	1,438,330		1,404,431
Investments and other assets
Other	9,546,496		7,896,076
Allowance for doubtful accounts			(257,848)		(257,800)
Total investments and other assets	9,288,648		7,638,275
Total non-current assets			20,248,529		18,460,287
Total assets		141,791,109		142,617,647

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				(Thousand yen)
		As of August 31, 2021	As of November 30, 2021
Liabilities
Current liabilities
Notes and accounts payable - trade		14,008,432		11,938,121
Short-term borrowings	19,273,631		24,938,326
Current portion of long-term borrowings		10,536,506		11,158,589
Current portion of bonds payable	1,210,000		1,496,000
Current portion of convertible bond-type bonds with		-		10,000,000
share acquisition rights
Income taxes payable	3,930,603		328,247
Provision for bonuses		468,425		224,653
Other	4,117,240		4,645,818
Total current liabilities		53,544,839		64,729,756
Non-current liabilities
Bonds payable		3,274,500		2,634,500
Convertible bond-type bonds with share acquisition	10,000,000		-
rights
Long-term borrowings		19,910,946		19,976,804
Retirement benefit liability	644,987		668,987
Asset retirement obligations		125,810		125,913
Other	970,679		920,809
Total non-current liabilities		34,926,923		24,327,014
Total liabilities	88,471,763		89,056,771
Net assets
Shareholders' equity
Share capital		1,340,150		1,340,150
Capital surplus	1,238,646		1,238,646
Retained earnings		48,355,046		48,494,939
Treasury shares	(462)		(462)
Total shareholders' equity		50,933,380		51,073,274
Accumulated other comprehensive income
Valuation difference on available-for-sale securities		(35,302)		34,808
Foreign currency translation adjustment	(44,860)		(646)
Remeasurements of defined benefit plans		(32,561)		(29,694)
Total accumulated other comprehensive income	(112,724)		4,467
Non-controlling interests		2,498,689		2,483,134
Total net assets	53,319,345		53,560,875
Total liabilities and net assets		141,791,109		142,617,647

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