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Earnings presentation3467Agratio urban design Inc.Real estate

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

For the fiscal year ended March 2024, revenue increased 6.8% year on year, while operating profit, ordinary profit and net income all declined due to higher costs, price revisions, discounts and other factors. The company also disclosed the consolidation of the accommodation business through an M&A transaction and the development of new products and businesses with Housebird.

Worth reading
41Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1756
¥ million (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings reportFiscal year ended March 202412 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥27,605 million+6.8%
Operating profit¥1,610 million-22.0%
Ordinary income¥1,292 million-30.9%
Net income¥873 million -32.4%net income attributable to owners of the parent
Selling, general and administrative expenses¥2,381 million
Results for the three months of the current quarter宿泊事業の売上高48百万円（2023年11月～2024年1月の3か月分のみ計上）
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Selling, general and administrative expenses
Advertising expenses+65百万円（+48.0%）
Sales Commissions-56百万円（-17.0%）
Personnel Expenses+107百万円（+12.2%）
Taxes and dues+21百万円（+5.7%）
Other+57百万円（+12.8%）
Cash flow from operating activities税引前当期純利益1,292百万円、棚卸資産増加1,148百万円
New initiatives
  • ハウスバード株式会社のM&Aによる100%子会社化
  • ハウジング事業の販売部門を新設の営業部に統合
  • アグレの土地情報とハウスバードのノウハウを組み合わせた旅館業許可付き投資用戸建プロジェクト
  • 旅館業許可付きホテルを取得し、リノベーション後に売却する事業
  • RCマンションの一部自社施工への移行
  • 木造アパートへの投資商品の追加
  • Airbnb・税理士法人との共催セミナー、中国上海での投資用不動産紹介セミナー
Key KPIsA metric the company considers important as a management benchmark.
  • 分譲棟数323 buildings
    Year on year against the same period last year+4棟
  • ハウジング事業受注残高¥1,018 million
    Year on year against the same period last year+¥227 million
  • アセットソリューション事業引渡件数8 Engagements
    Year on year against the same period last year-2棟
  • アセットソリューション事業受注残高¥1,100 million
    Year on year against the same period last year-1,550百万円
  • 宿泊事業受注残高¥87 million13件
  • Club Agr Eメール有効会員数約1,600人超
  • Club Agr LINE有効会員数1,050 people
Unit price and quantity metricsThese figures show sales broken down by price and volume.
ハウジング事業の1棟平均単価6,830万円（前期6,410円と記載）と分譲棟数323棟
Segment results
Housing Business
Net Sales
¥23,106 million+8.5%
分譲棟数
323 buildings
yoy前年差+4棟
Order backlog
¥1,018 million
yoy前年差+227百万円
Asset Solutions business
Net Sales
¥4,450 million-2.1%
Operating margin
22.5 %
yoy前期19.3%から上昇
引渡件数
8 Engagements
yoy前年差-2棟
Order backlog
¥1,100 million
yoy前年差-1,550百万円
Lodging business
Net Sales
¥48 million
Order backlog
¥87 million
Number of Cases13
Financial targets
自己資本比率23.9%（目標値はNot disclosed）
Market Size / Share
2040年の日本全域の分譲住宅市場予測12万戸、1都3県の2022年戸建て分譲棟数60,000棟、同社約300棟、現状シェア0.5%
Orders received and order backlog
ハウジング事業受注残高1,018百万円、アセットソリューション事業受注残高1,100百万円、宿泊事業受注残高87百万円（13件）
Number of stores and locations
4支店。期中の出退店数はNot disclosed
Number of employees
Number of Employees140 people
Change during the period2023年3月末126名から2024年3月末135名へ+9名（連結会社の業務委託を含むハウスバード従業員数は28名）
Annual Dividend
Annual dividend per share¥78
BreakdownInterim and year-end breakdown: Not disclosed
Payout ratio
35%を配当額の目途とする方針。2024年3月期実績39.5%、2025年3月期予想35.3%
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings report
Fiscal Period CoveredFiscal year ended March 2024
Net Sales¥27,605 million (YoY +6.8%)
Operating profit¥1,610 million (YoY -22.0%)
Ordinary income¥1,292 million (YoY -30.9%)
Net income¥873 million (net income attributable to owners of the parent) (YoY -32.4%)
Selling, general and administrative expenses¥2,381 million
Results for the three months of the current quarter宿泊事業の売上高48百万円（2023年11月～2024年1月の3か月分のみ計上）
Segment resultsHousing Business Net Sales ¥23,106 million (YoY +8.5%) / Profit Not disclosed / 分譲棟数 323 buildings / Order backlog ¥1,018 million / Asset Solutions business Net Sales ¥4,450 million (YoY -2.1%) / Operating margin 22.5 % / 引渡件数 8 Engagements / Order backlog ¥1,100 million / Lodging business Net Sales ¥48 million / Profit Not disclosed / Order backlog ¥87 million
Breakdown of Factors Affecting the ChangeSelling, general and administrative expenses Advertising expenses +65百万円（+48.0%） / Sales Commissions -56百万円（-17.0%） / Personnel Expenses +107百万円（+12.2%） / Taxes and dues +21百万円（+5.7%） / Other +57百万円（+12.8%） / Cash flow from operating activities 税引前当期純利益1,292百万円、棚卸資産増加1,148百万円
Key KPIsIndicator name 分譲棟数 / Value 323 buildings / Year on year against the same period last year +4棟, Indicator name ハウジング事業受注残高 / Value ¥1,018 million / Year on year against the same period last year +¥227 million, Indicator name アセットソリューション事業引渡件数 / Value 8 Engagements / Year on year against the same period last year -2棟, Indicator name アセットソリューション事業受注残高 / Value ¥1,100 million / Year on year against the same period last year -1,550百万円, Indicator name 宿泊事業受注残高 / Value 87 百万円（13件）, Indicator name Club Agr Eメール有効会員数 / Value 約1,600人超, Indicator name Club Agr LINE有効会員数 / Value 1,050 people
Unit price and quantity metricsハウジング事業の1棟平均単価6,830万円（前期6,410円と記載）と分譲棟数323棟
Number of stores and locations4支店。期中の出退店数はNot disclosed
Number of employeesNumber of Employees 140 people / Change during the period 2023年3月末126名から2024年3月末135名へ+9名（連結会社の業務委託を含むハウスバード従業員数は28名）
Financial targets自己資本比率23.9%（目標値はNot disclosed）
Annual DividendAnnual dividend per share ¥78 / Breakdown Interim and year-end breakdown: Not disclosed
Payout ratio35%を配当額の目途とする方針。2024年3月期実績39.5%、2025年3月期予想35.3%
Orders received and order backlogハウジング事業受注残高1,018百万円、アセットソリューション事業受注残高1,100百万円、宿泊事業受注残高87百万円（13件）
Market Size / Share2040年の日本全域の分譲住宅市場予測12万戸、1都3県の2022年戸建て分譲棟数60,000棟、同社約300棟、現状シェア0.5%
New initiativesハウスバード株式会社のM&Aによる100%子会社化, ハウジング事業の販売部門を新設の営業部に統合, アグレの土地情報とハウスバードのノウハウを組み合わせた旅館業許可付き投資用戸建プロジェクト, 旅館業許可付きホテルを取得し、リノベーション後に売却する事業, RCマンションの一部自社施工への移行, 木造アパートへの投資商品の追加, Airbnb・税理士法人との共催セミナー、中国上海での投資用不動産紹介セミナー
Items this document does not state (11)
Gross Profit MarginOperating profit marginFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan 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.

ハウジング事業では原価高騰、価格改定・値引きの実施により利益が減少した。アセットソリューション事業では工期の関係で収益マンションの引渡しが前期の6棟から今期4棟に減少した。販管費は、人員増による人件費増加や販売期間の長期化による広告宣伝費増加などで増加した。

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Supplementary Explanatory Materials on Financial Results for the Fiscal Year Ended March 2024 | Agratio urban design Inc. (3467) timely disclosure | Komori