Komori
Earnings presentation3467Agratio urban design Inc.Real estate

Supplementary Explanatory Materials on Financial Results for the Third Quarter of the Fiscal Year Ended March 2024

For the nine months ended December 2023, revenue declined 16.8% year on year and operating profit declined 76.2%, resulting in a substantial decrease in profit. In detached-home sales, discounts and higher costs had an impact, while in asset solutions, the delivery of large properties was postponed. Meanwhile, the accommodation business was added to the group through an M&A transaction.

Worth reading
57In focus
Scored from 5 of 6 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
1017
Year-on-year decrease in operating profit (¥ millions)
Wording
Conditional
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings report2024年3月期 第3四半期9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥14,235 million-16.8%
Operating profit¥318 million-76.2%
Ordinary income¥93 million-92.2%
Net income¥48 million-94.1%
Selling, general and administrative expenses¥1,573 million
Results for the three months of the current quarter粗利ベースで2Q累計比1.8pt改善傾向（2023年10月〜12月）
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Decrease in operating profit¥-1,017 million
  • 戸建販売事業の価格改定・大幅値引き
  • 戸建販売事業の土地価格・建築原価の高止まり
  • アセットソリューション事業の大型物件の工程遅延2,100 百万円相当の物件
New initiatives
  • ハウスバード株式会社の全株式取得によるM&A・宿泊事業への参入
  • 上海での投資家向けセミナー開催
  • 東アジアの中華系投資家マーケットへの販路拡大
  • 拠点間連携に向けた組織体制・システムの再構築
  • LINE会員への情報配信開始
  • 太陽光パネル・蓄電池の2階建て住宅への標準装備展開予定
Key KPIsA metric the company considers important as a management benchmark.
  • 分譲棟数199 buildings
    Year on year against the same period last year9棟減
  • 戸建販売事業の受注残高¥3,558 million
    Year on year against the same period last year396百万円増
  • Asset Solutions business: number of deliveries2 Engagements
    Year on year against the same period last year5棟減
  • アセットソリューション事業の受注残高¥2,633 million
    Year on year against the same period last year382百万円減
  • 宿泊施設コンサルティング実績件数56 Engagements
  • Acquisition pipeline¥80 hundred million
  • 有効メール会員数1,500 Over people
  • LINE有効会員数800 Over people
Segment results
  • 戸建販売事業
    Net Sales¥13,607 million (YoY -1.9%)
    分譲棟数199 buildings
    Order backlog¥3,558 million
  • Asset Solutions business
    Net Sales¥628 million (YoY -80.6%)
    引渡件数2 Engagements
    Order backlog¥2,633 million
  • Lodging business
Market Size / Share
  • 宿泊業界の2019年12月比（2023年）13 %上回る
  • 旅行業の2019年12月比2 %上回る
  • 2030年東京ホテル稼働率予測105 Over %
  • 訪日外国人1人当たり旅行支出¥20.5 10,000
    Year on year against the same period last year+32.0%
Orders received and order backlog
  • ¥3,558 million
    Business戸建販売事業
  • ¥2,633 million
    BusinessAsset Solutions business
  • ¥117 million
    Business宿泊施設開業支援コンサルティング
Number of employees
Number of Employees132 people
Change during the period2022年12月末126名から2023年12月末131名へ5名増（単体）
Annual Dividend
Annual dividend per share¥78
Payout ratio
30.6 %
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings report
Fiscal Period Covered2024年3月期 第3四半期
Net Sales¥14,235 million (YoY -16.8%)
Operating profit¥318 million (YoY -76.2%)
Ordinary income¥93 million (YoY -92.2%)
Net income¥48 million (YoY -94.1%)
Selling, general and administrative expenses¥1,573 million
Results for the three months of the current quarter粗利ベースで2Q累計比1.8pt改善傾向（2023年10月〜12月）
Segment resultsSegment 戸建販売事業 / Net Sales ¥13,607 million (YoY -1.9%) / Profit Not disclosed / 分譲棟数 199 buildings / Order backlog ¥3,558 million, Segment Asset Solutions business / Net Sales ¥628 million (YoY -80.6%) / Profit Not disclosed / 引渡件数 2 Engagements / Order backlog ¥2,633 million, Segment Lodging business / Net Sales Not disclosed / Profit Not disclosed
Breakdown of Factors Affecting the ChangeDecrease in operating profit ¥-1,017 million, 戸建販売事業の価格改定・大幅値引き 非開示, 戸建販売事業の土地価格・建築原価の高止まり 非開示, アセットソリューション事業の大型物件の工程遅延 2,100 百万円相当の物件
Key KPIsIndicator name 分譲棟数 / Value 199 buildings / Year on year against the same period last year 9棟減, Indicator name 戸建販売事業の受注残高 / Value ¥3,558 million / Year on year against the same period last year 396百万円増, Indicator name Asset Solutions business: number of deliveries / Value 2 Engagements / Year on year against the same period last year 5棟減, Indicator name アセットソリューション事業の受注残高 / Value ¥2,633 million / Year on year against the same period last year 382百万円減, Indicator name 宿泊施設コンサルティング実績件数 / Value 56 Engagements / Year on year against the same period last year Not disclosed, Indicator name Acquisition pipeline / Value ¥80 hundred million / Year on year against the same period last year Not disclosed, Indicator name 有効メール会員数 / Value 1,500 Over people / Year on year against the same period last year Not disclosed, Indicator name LINE有効会員数 / Value 800 Over people / Year on year against the same period last year Not disclosed
Number of employeesNumber of Employees 132 people / Change during the period 2022年12月末126名から2023年12月末131名へ5名増（単体）
Annual DividendAnnual dividend per share ¥78 / Interim Not disclosed / End of period Not disclosed
Payout ratio30.6 %
Orders received and order backlog¥3,558 million, ¥2,633 million, ¥117 million
Market Size / Share13 %上回る, 2 %上回る, 105 Over %, ¥20.5 10,000
New initiativesハウスバード株式会社の全株式取得によるM&A・宿泊事業への参入, 上海での投資家向けセミナー開催, 東アジアの中華系投資家マーケットへの販路拡大, 拠点間連携に向けた組織体制・システムの再構築, LINE会員への情報配信開始, 太陽光パネル・蓄電池の2階建て住宅への標準装備展開予定
Items this document does not state (14)
Gross Profit MarginOperating profit marginFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

戸建販売事業では価格改定・大幅値引き、土地価格・建築原価の高止まり、プロジェクト工程の遅延があった。アセットソリューション事業では、引渡し予定の大型物件の工程遅延により引渡しが第4四半期へずれ込んだ。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Supplementary Explanatory Materials on Financial Results for the Third Quarter of the Fiscal Year Ended March 2024 | Agratio urban design Inc. (3467) timely disclosure | Komori