Expansion of orders for custom-designed homes

「Deliveries of custom-built homes increased to 154 units from 130 units a year earlier, but condominium deliveries fell sharply to 31 units from 190 units because the previous year included the completion and delivery of a large condominium project. As a result, segment revenue fell 44.1% to ¥7,830 million, and segment profit fell 78.0% to ¥212 million as the profit margin also declined.」

「Deliveries of custom-designed houses increased to 515 units (486 units in the previous fiscal year), while condominium deliveries also increased sharply to 334 units (284 units in the previous fiscal year), including 3 newly completed properties. As a result, segment revenue was ¥36,737 million, up 5.8% year on year, but segment profit fell to ¥1,595 million, down 29.1%, due to the lower gross profit margin and the previous fiscal year's sale of highly profitable undeveloped land.」

「Deliveries of custom-designed houses increased to 515 units (486 units in the previous fiscal year), while condominium deliveries also increased sharply to 334 units (284 units in the previous fiscal year), including 3 newly completed properties. As a result, segment revenue was ¥36,737 million, up 5.8% year on year, but segment profit fell to ¥1,595 million, down 29.1%, due to the lower gross profit margin and the previous fiscal year's sale of highly profitable undeveloped land.」

「In the subdivision housing segment, deliveries of custom-designed houses during the interim consolidated accounting period increased sharply to 251 units (207 units in the same period last year), while condominium deliveries also increased sharply to 264 units (209 units in the same period last year), including 1 large newly completed property. As a result, segment revenue was ¥22,433 million, up 20.3% year on year, but the increase in the cost-of-sales ratio limited segment profit growth to ¥1,373 million, up 0.9%.」

「Condominium deliveries increased to 284 units (239 units in the previous fiscal year), while deliveries of detached custom-designed houses and other properties fell sharply to 486 units (537 units in the previous fiscal year). As a result, segment revenue was ¥34,718 million, down 2.1% year on year. However, substantially improved profit margins and lower selling, general and administrative expenses, mainly advertising costs, lifted segment profit to ¥2,251 million, up 21.3%.」

「During the interim consolidated accounting period, deliveries of custom-designed houses fell to 207 units (271 units in the same period last year), while condominium deliveries increased sharply to 209 units (35 units in the same period last year), including 4 newly completed properties. As a result, segment revenue was ¥18,644 million, up 34.5% year on year, and segment profit was ¥1,361 million, up 227.9%.」

「Deliveries of detached custom-designed houses and other properties fell sharply to 537 units (623 units in the previous fiscal year), while condominium deliveries increased to 239 units (214 units in the previous fiscal year). As a result, segment revenue was ¥35,461 million, down 2.8% year on year. However, substantially improved profit margins and lower selling, general and administrative expenses, mainly advertising costs, lifted segment profit to ¥1,856 million, up 50.1%.」

「In the subdivision housing segment, deliveries of custom-designed houses during the cumulative third quarter fell to 388 units (449 units in the same period last year), while condominium deliveries also fell sharply to 147 units (199 units in the same period last year). As a result, segment revenue was ¥24,811 million, down 12.7% year on year, but improved profit margins lifted segment profit to ¥1,116 million, up 12.9%.」

「During the cumulative second quarter, deliveries of custom-designed detached houses fell to 271 units (307 units in the same period last year), while there were no newly completed condominium properties delivered and condominium deliveries fell sharply to 35 units (91 units in the same period last year). As a result, segment revenue was ¥13,858 million, down 19.8% year on year, and segment profit was ¥415 million, down 19.0%.」

「Deliveries of custom-designed detached houses increased to 149 units (123 units in the same period last year), but there were no newly completed condominium properties, and condominium deliveries fell sharply to 26 units (75 units in the same period last year). As a result, segment revenue was ¥7,963 million, down 4.1% year on year, while improved profitability in custom-designed houses drove segment profit sharply higher to ¥373 million, up 376.7%.」

「Deliveries of detached custom-designed houses and other properties fell sharply to 623 units (823 units in the previous fiscal year). In addition, land-sale revenue was ¥1,644 million, down sharply from ¥3,752 million in the previous fiscal year, when part of a large subdivision site in Hyogo Prefecture was sold as undeveloped land. As a result, segment revenue was ¥36,495 million, down 19.6% year on year, while segment profit was ¥1,237 million, down 16.2%, mainly due to the decline in profit attributable to the impact of the undeveloped-land sale in the previous fiscal year.」

「During the cumulative third quarter, deliveries of custom-designed detached houses fell to 449 units (564 units in the same period last year), while condominium deliveries increased sharply to 199 units (35 units in the same period last year). However, land-sale revenue was ¥1,345 million, down sharply from ¥2,997 million in the same period last year, when part of a large subdivision site in Hyogo Prefecture was sold as undeveloped land. As a result, segment revenue was ¥28,433 million, up 3.1% year on year, while segment profit was ¥988 million, down 15.0%, mainly due to the decline in profit attributable to the impact of the undeveloped-land sale in the same period last year.」

「Deliveries of custom-designed detached houses fell to 307 units (393 units in the same period last year), while condominium deliveries increased to 91 units (30 units in the same period last year). However, land-sale revenue for the cumulative second quarter was ¥990 million, down sharply from ¥2,513 million in the same period last year, when part of a large subdivision site in Hyogo Prefecture was sold as undeveloped land. As a result, segment revenue was ¥17,270 million, down 13.5% year on year, while segment profit was ¥512 million, down 59.7%, mainly due to the decline in profit attributable to the impact of the undeveloped-land sale in the same period last year.」

「Deliveries of custom-designed detached houses fell to 123 units (195 units in the same period last year), while deliveries of condominium units increased to 75 units (none in the same period last year). However, land-sale revenue fell sharply to ¥384 million (¥1,518 million), as the previous year included the sale of undeveloped land for part of a large subdivision site in Hyogo Prefecture. As a result, segment revenue was ¥8,300 million, down 14.3% year on year, while segment profit fell sharply to ¥78 million, down 87.8%, mainly due to the decline in profit from the undeveloped-land sale in the same period last year.」

「For the fiscal year, deliveries of detached custom-designed homes and other properties increased substantially to 823 units from 714, while condominium deliveries increased to 210 units from 138. In addition, improved profitability contributed to segment revenue of ¥45,388 million, up 12.8% year on year, and segment profit of ¥1,475 million, up 273.0%.」

「During the nine months ended 31 December, deliveries of custom-designed homes increased to 564 units from 522, but condominium deliveries declined to 35 units from 61. In addition, lower land sales revenue resulted in segment revenue of ¥27,571 million, down 2.1% year on year, and segment profit of ¥1,162 million, down 22.0%.」

「In the subdivision homes segment, deliveries of custom-designed homes increased substantially to 393 units from 327 during the six months ended 30 September. In addition, completed condominium projects were delivered during the period. As a result, segment revenue was ¥19,959 million, up 14.6% year on year, and segment profit was ¥1,271 million, up 14.5%.」

「During the three months ended 30 June, deliveries of custom-designed homes increased substantially to 195 units from 152, and land sales revenue increased to ¥1,518 million from ¥248 million after the sale of part of a large subdivision housing site in Hyogo Prefecture as undeveloped land. As a result, segment revenue was ¥9,682 million, up 64.3% year on year, and the segment recorded profit of ¥645 million, compared with a segment loss of ¥105 million in the same period of the previous year.」

「For the fiscal year, deliveries of custom-designed homes declined by 22 units year on year to 714, compared with 736, while condominium deliveries increased by 124 units to 138, compared with 14.」

「In addition to increases in deliveries of detached custom-designed homes and other properties to 522 units from 509 and condominium deliveries to 61 units from 10 during the nine months ended 31 December, the sale of part of a large subdivision housing site in Hyogo Prefecture as undeveloped land contributed to higher segment profit. As a result, segment revenue was ¥28,169 million, up 42.8% year on year, and segment profit was ¥1,490 million, up 139.2%.」

「During the six months ended 30 September, deliveries of custom-designed homes declined to 327 units from 334. However, the company recorded ¥4,634 million in land sales revenue after selling part of a large subdivision housing site in Hyogo Prefecture as undeveloped land, contributing to higher segment profit.」

「Deliveries of custom-designed homes declined to 152 units from 162. In addition, the company pursued a policy of strengthening cash on hand and reducing inventory risk in preparation for a potential second wave of COVID-19, and adopted flexible selling-price policies, including price reductions for large newly launched subdivision projects. As a result, segment revenue was ¥5,893 million, down 8.2% year on year, and the segment recorded a loss of ¥105 million, compared with segment profit of ¥227 million in the same period of the previous year.」

「For the fiscal year, deliveries of custom-designed homes declined by 169 units year on year to 736, compared with 905, while condominium deliveries declined by 73 units to 14, compared with 87. As a result, segment revenue was ¥28,926 million, down 29.3% year on year, and segment profit was ¥1,313 million, down 64.8%.」

「Deliveries of detached custom-designed homes declined to 509 units from 609, causing revenue from this business to fall substantially to ¥18,889 million, down 18.4% year on year. As a result, segment revenue was ¥19,731 million, down 20.3% year on year, and segment profit was ¥623 million, down 63.2%.」

「Deliveries of detached custom-designed homes declined to 334 units from 431, causing revenue from this business to fall substantially to ¥12,458 million, down 23.8% year on year. As a result, segment revenue was ¥13,166 million, down 23.6% year on year, and segment profit was ¥457 million, down 63.8%.」

「Deliveries of custom-designed homes totaled 157 units, compared with 222 in the same period of the previous year, representing a substantial decline. As a result, segment revenue was ¥6,292 million, down 29.6% year on year, and segment profit was ¥213 million, down 71.0%.」

「For the fiscal year, deliveries of custom-designed homes increased by 162 units year on year to 890, compared with 728. As a result, segment revenue was ¥40,562 million, up 6.5% year on year, and segment profit was ¥3,698 million, up 6.6%.」

「During the nine months ended 31 December, deliveries of custom-designed homes increased by 94 units year on year to 597, compared with 503. As a result, segment revenue was ¥24,469 million, up 19.9% year on year, and segment profit was ¥1,671 million, up 84.6%.」

「During the six months ended 30 September, deliveries of custom-designed homes increased by 68 units year on year to 426, compared with 358. As a result, segment revenue was ¥17,132 million, up 12.6% year on year, and segment profit was ¥1,273 million, up 50.6%.」

「During the three months ended 30 June, deliveries of custom-designed homes increased by 24 units year on year to 222, compared with 198, but revenue from land sales fell substantially to ¥39 million from ¥1,566 million. As a result, segment revenue was ¥8,933 million, down 4.4% year on year, and segment profit was ¥735 million, down 6.8%.」

「During the nine months ended 31 December, deliveries of custom-designed homes decreased by 18 units year on year to 503, compared with 521, while condominium deliveries declined to 7 units from 76 because no new condominium projects were completed and delivered during the period; the 7 units were from inventory. As a result, segment revenue was ¥20,409 million, down 10.1% year on year, and segment profit was ¥905 million, down 48.3%.」

「During the six months ended 30 September, deliveries of custom-designed homes increased by 5 units year on year to 358, compared with 353, remaining broadly at the prior-year level. However, condominium deliveries declined to 7 units from 72 because no new condominium projects were completed and delivered during the period; the 7 units were from inventory. As a result, segment revenue was ¥15,210 million, down 5.7% year on year, and segment profit was ¥845 million, down 40.4%.」

「During the three months ended 30 June, deliveries of custom-designed homes increased by 28 units year on year to 198, compared with 170, while condominium deliveries totaled 7 units, compared with 37, because there were no completed condominium projects delivered during the period. As a result, segment revenue was ¥9,344 million, up 11.5% year on year, and segment profit was ¥789 million, up 4.9%.」

「Orders for custom-designed homes and condominiums remained strong during the nine months ended 31 December, with orders under contract totaling ¥31,117 million, up 30.2% year on year. Deliveries of custom-designed homes increased substantially to 521 units, compared with 421 in the same period of the previous year.」

「Orders for custom-designed homes and condominiums remained strong during the six months ended 30 September, with orders under contract totaling ¥22,041 million, up 27.9% year on year. Deliveries of custom-designed homes increased substantially to 353 units, compared with 275 in the same period of the previous year.」

「In the subdivision homes segment, orders for custom-designed homes remained strong during the three months ended 30 June, with orders under contract totaling ¥8,502 million, up 58.8% year on year. Deliveries totaled 170 custom-designed homes, compared with 136 in the same period of the previous year, and 37 condominium units, compared with 15. As a result, revenue was ¥8,382 million, up 52.9%, and segment profit was ¥751 million, up 162.9%.」