Growth Investments to Enhance Corporate Value

「Cash used in investing activities was ¥726,053 million, compared with ¥493,370 million in the previous consolidated fiscal year. This was mainly due to the acquisition of tangible fixed assets, including large-scale logistics facilities and commercial facilities, and expenditure related to the acquisition of shares to make Sumitomo Densetsu Co., Ltd. a consolidated subsidiary.」

「当連結会計年度において投資活動による資金の減少は7,260億５千３百万円（前連結会計年度は4,933億７千万円の減少）となりました。これは、主に大規模物流施設や商業施設等の有形固定資産の取得を行ったことや、住友電設株式会社を連結子会社化するために実施した株式取得等の支出によるものです。」

「During the interim consolidated accounting period, cash used in investing activities was ¥249,459 million, compared with ¥226,162 million used in the previous interim consolidated accounting period. This was mainly due to the acquisition of tangible fixed assets, including large-scale logistics facilities and commercial facilities.」

「During the interim consolidated accounting period, cash used in investing activities was ¥226,162 million, compared with ¥116,417 million used in the previous interim consolidated accounting period. This was despite the sale of investment securities, mainly because of the acquisition of tangible fixed assets, including large-scale logistics facilities and commercial facilities.」

「3. Use of proceeds (1) Approximately ¥120 billion by March 2025 as part of the real estate development investment under the Seventh Medium-Term Management Plan (2) Approximately ¥80 billion by June 2024 for the acquisition of treasury shares」

「During the first six months of the fiscal year, cash used in investing activities was ¥116,417 million, compared with ¥273,011 million used in the same period of the previous fiscal year. This was despite the sale of shares in affiliates and investment securities, mainly because of the acquisition of tangible fixed assets, including large-scale logistics facilities and commercial facilities.」

「The Company has previously developed detached housing and condominium businesses mainly in Sydney, but will now undertake the development of rental housing in Melbourne.」

「In fiscal 2022, following ¥408 billion in real estate development investment, the balance of investment properties reached ¥1.6108 trillion, and high-quality assets expected to generate future capital gains have been steadily accumulated. In addition, it will actively promote strategic investment in the housing sector to drive overseas growth and investment aimed at achieving carbon neutrality.」

「By reinvesting the Group's resources released through the transfer into further growth areas, it will achieve both profit growth and improved capital efficiency and maximize corporate value. The transfer is scheduled to be completed on 3 April 2023.」

「During the first six months of the fiscal year, cash used in investing activities was ¥273,011 million, compared with ¥225,462 million used in the same period of the previous fiscal year. This was mainly due to the acquisition of tangible fixed assets, including large-scale logistics facilities and commercial facilities.」

「It will also actively invest in future growth and seek to maximize corporate value by achieving both profit growth and improved capital efficiency. It will give top priority to investments related to building a sustainable growth model, and accelerate the evolution of its earnings model through overseas investment that drives growth and development investment to build a stock business, including large-scale redevelopment and high-quality assets.」

「During the period of the Seventh Medium-Term Management Plan, it will continue to promote proactive investment in real estate development and plans to invest ¥2.2 trillion over five years. In addition, strategic investments will include investment in overseas businesses, a growth area, and environmental investment aimed at achieving carbon neutrality, with ¥650 billion planned for cash flow from investing activities over five years. Including investment in human and intellectual capital to support future businesses, the Company plans to invest ¥370 billion in capital expenditures, including the development of a next-generation platform shared by its housing businesses, the strengthening of production bases for its construction businesses, IT infrastructure investment for DX, and digital construction investment.」

「Total assets at the end of the third quarter were ¥5,511,468 million, an increase of ¥458,415 million from ¥5,053,052 million at the end of the previous consolidated fiscal year. The main factor was an increase in inventories resulting from the purchase of properties for sale in the detached housing and condominium businesses.」

「During the first six months of the fiscal year, cash used in investing activities was ¥225,462 million, compared with ¥224,907 million used in the same period of the previous fiscal year. This was mainly due to the acquisition of tangible fixed assets, including large-scale logistics facilities and commercial facilities.」

「The main factor was an increase in inventories resulting from the purchase of properties for sale in the detached housing and condominium businesses.」

「Total assets at the end of the third quarter were ¥4,988,473 million, an increase of ¥361,084 million from ¥4,627,388 million at the end of the previous consolidated fiscal year. The main factor was an increase in inventories resulting from the purchase of properties for sale.」

「During the first six months of the fiscal year, cash used in investing activities was ¥224,907 million, a decrease of ¥61,985 million from the same period of the previous fiscal year. This was mainly due to the acquisition of tangible fixed assets, including large-scale logistics facilities and commercial facilities.」

「Total assets at the end of the first quarter were ¥4,824,760 million, an increase of ¥197,372 million from ¥4,627,388 million at the end of the previous consolidated fiscal year. The main factors were an increase in tangible fixed assets through the acquisition of investment properties and other assets, and an increase in inventories through the purchase of properties for sale.」

「The Sixth Medium-Term Management Plan calls for ¥700 billion in investment, and ¥362.6 billion was invested in the first year.」

「Total assets at the end of the third quarter were ¥4,639,073 million, an increase of ¥305,036 million from ¥4,334,037 million at the end of the previous consolidated fiscal year. The main factors were an increase in inventories resulting from the strengthening of overseas operations and other measures, and an increase in tangible fixed assets through the acquisition of investment properties and other assets.」

「During the first six months of the fiscal year, cash used in investing activities was ¥162,922 million, an increase of ¥2,120 million from the same period of the previous fiscal year. This was mainly due to the acquisition of tangible fixed assets, including large-scale logistics facilities and commercial facilities.」

「Against this economic backdrop, the Group has made proactive investments in real estate development, worked to expand its Business segment (commercial and business facilities businesses), and accelerated its overseas expansion.」

「Total assets at the end of the third quarter of the current consolidated fiscal year were ¥4,276,418 million, an increase of ¥241,358 million from ¥4,035,059 million at the end of the previous consolidated fiscal year. The main factors were an increase in inventories resulting from the strengthening of overseas operations and an increase in property, plant and equipment due to the acquisition of investment property and other assets.」

「During the six months ended the second quarter of the current consolidated fiscal year, cash used in investing activities totaled ¥165,042 million, compared with ¥200,892 million used in the same period of the previous fiscal year. This was mainly due to the acquisition of property, plant and equipment, including large-scale logistics facilities and commercial facilities.」

「For the current consolidated fiscal year, cash used in investing activities totaled ¥313,664 million, compared with ¥343,643 million used in the previous consolidated fiscal year. This was mainly due to the acquisition of property, plant and equipment, including large-scale logistics facilities and commercial facilities.」

「In its logistics facilities business, the Group newly commenced construction at 15 locations nationwide, including DPL Sakado in Saitama Prefecture, a large multi-tenant logistics facility with the largest total floor area in the Group’s history.」

「During the six months ended the second quarter of the current consolidated fiscal year, cash used in investing activities totaled ¥200,892 million, compared with ¥118,735 million used in the same period of the previous fiscal year. This was mainly due to the acquisition of property, plant and equipment, including large-scale logistics facilities and commercial facilities.」

「Against this economic backdrop, under the three-year “Daiwa House Group Fifth Medium-Term Management Plan,” beginning in fiscal 2016, the Group has worked to expand its core businesses by capturing solid domestic demand and has made active investments in real estate development and related areas.」

「During the six months ended the second quarter of the current consolidated fiscal year, cash used in investing activities totaled ¥118,735 million, compared with ¥102,215 million used in the same period of the previous fiscal year. This was mainly due to the acquisition of property, plant and equipment, including large-scale logistics facilities and commercial facilities.」

「The Group’s basic policy on shareholder returns is to enhance shareholder value by investing funds in growth investments, including real estate development, overseas business expansion, M&A, research and development, and production facilities, to maximize corporate value over the medium to long term and increase earnings per share (EPS).」