Sansei Landic : 【Delayed】Supplementary Materials for Consolidated Financial Results for FY12.2021
March 11, 2022 at 12:06 pm IST
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Sansei Landic Co., Ltd.
Supplementary Materials for
Consolidated Financial Results for
FY12/21
February 14, 2022
FY12/21 Topics
Net sales fell short of the previous year results and the plan. However, each profit exceeded the previous year results and the plan, as gross margin increased reflecting an increased sales ratio of leasehold land and increased profit margins in leasehold land, old unutilized properties, and freehold. With this, we have revised upwardly our business forecasts.
We have also revised upwardly our dividend forecasts. The year-end dividend for FY12/21 will be increased by 1 yen per share from 25 yen to 26 yen, and the year-end dividend forecast for FY12/22 will be increased by 1 yen per share to 27 yen. This is the ninth consecutive year of dividend increases.
We focus on profit rather than sales, and the current profit level is on a steady recovery trend.
The performance of the Construction business fell short of the previous year results and the plan.
1
Financial Results(Consolidated)
(Unit: million yen)
FY12/19
FY12/20
FY12/21
Results
Results
Plan
Results
Difference
Net sales
18,020
17,774
18,385
16,836
-1,549
Gross profit
5,118
3,986
4,368
4,368
0
SG&A
3,257
3,138
3,449
3,250
-198
Operating
1,860
847
919
1,117
+198
income
Ordinary
1,758
709
762
999
+237
income
Extraordinary
―
32
―
3
+3
income
Extraordinary
―
29
―
―
―
loss
Net income
1,158
357
505
609
+104
■Net sales
-5.3% YoY
■Gross profit
+9.6% YoY
■SG&A
+3.6% YoY
■Operating income
+31.9% YoY
■Ordinary income
+40.9% YoY
■Net income
+70.5% YoY
2
Financial Results(Non-consolidated)
(Unit: million yen)
FY12/19
FY12/20
FY12/21
Results
Results
Plan
Results
Difference
Net sales
16,266
16,111
17,706
15,529
-2,176
Gross profit
4,879
3,727
4,263
4,274
+11
SG&A
2,981
2,881
3,315
3,011
-303
Operating
1,898
845
948
1,263
+315
income
Ordinary
1,752
671
762
993
+230
income
Extraordinary
―
31
―
3
+3
income
Extraordinary
―
―
―
―
―
loss
Net income
1,172
177
505
603
+97
■Net sales
-3.6% YoY
■Gross profit
+14.7% YoY
■SG&A
+4.5% YoY
Operating income
+49.4% YoY
■Ordinary income
+48.0% YoY
■Net income
+240.3% YoY
3
Summary of Consolidated Balance Sheet
(Unit: million yen)
FY12/20
FY12/21
Amount
Amount
Vs. end of
Pct. change
previous term
Cash and
4,329
5,360
+1,030
+23.8%
deposits
Property for sale
14,424
13,301
-1,123
-7.8%
Interest-bearing
8,341
8,107
-234
-2.8%
liabilities
Net assets
10,066
10,301
+235
+2.3%
Total assets
20,070
20,050
-20
-0.1%
Shareholders'
50.1%
51.4%
+1.3pt
―
equity ratio
■Cash and deposits Increased due to active capitalization of some properties held.
■Property for sale
Decreased from the end of the previous fiscal year, mainly due to active capitalization of some properties held.
■Interest-bearing liabilities Short-term loans payable increased due to purchase of properties, while long-term loans payable decreased.
4
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Sansei Landic Co. Ltd. published this content on 11 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2022 06:35:02 UTC.
Sansei Landic Co.,Ltd is a company engaged in sales of limited proprietary right of land based on former Land Lease Law and house Lease Law, and other real estate sales business, as well as construction of single-family homes and other construction business. The Company operates in two business segments. The Real Estate Sales segment is engaged in the real estate related businesses. Through its subsidiary, the Construction segment is engaged in the planning, design, construction and management of designers' detached houses and house renovation works.