Growth in Residential and Construction Business Performance

「In the construction division, the completion of projects secured substantially above the same period of the previous year, mainly large private-sector construction projects, resulted in sales exceeding the same period of the previous year. Operating profit also substantially exceeded the same period of the previous year due to improved margins on completed projects.」

「The construction division secured substantially more orders than in the previous fiscal year, including orders for large private-sector construction projects, resulting in higher revenue. Operating profit remained at a certain level, but fell below the previous fiscal year because many projects had low profit margins. As a result, revenue was ¥2,952 million, up 24.2% from the previous fiscal year, and operating profit was ¥56 million, down 26.9%.」

「In the construction division, new orders expanded across Hokkaido, while a stable volume of orders was secured, mainly in private-sector construction. In terms of profit, profit exceeded the previous fiscal year because construction progress remained solid. As a result, revenue was ¥2,378 million, down 9.0% from the previous fiscal year, and operating profit was ¥77 million, up 271.7%.」

「Although the difficult order environment in private-sector construction continued due to soaring material prices, civil engineering and construction work progressed smoothly during the current interim consolidated accounting period, and revenue and operating profit exceeded the same period of the previous year. As a result, revenue was ¥1,685 million, up 193.4% year on year, and operating profit was ¥53 million, compared with an operating loss of ¥40 million in the same period of the previous year.」

「In private-sector construction, customers continued to take a wait-and-see approach to capital investment due to soaring material prices, but orders proceeded smoothly despite the difficult environment, including through expansion of the service area. Revenue exceeded the previous fiscal year because projects under construction were completed, but operating profit fell below the previous fiscal year as margins declined due to higher costs resulting from soaring material and labor prices.」

「Revenue exceeded the same period of the previous year because a large project that had been under construction was completed. Operating profit also turned positive as revenue increased and exceeded the previous year. As a result, revenue was ¥1,561 million, up 54.5% year on year, and operating profit was ¥0 million, compared with an operating loss of ¥12 million in the same period of the previous year.」

「In private-sector construction, customers continued to take a wait-and-see approach to capital investment due to soaring material prices, but orders remained solid despite the difficult environment. Because completion of a large project was scheduled for the latter half of the fiscal year, later than in the same period of the previous year, revenue declined and the operating loss widened.」

「In private-sector construction, customers continued to take a wait-and-see approach to capital investment due to soaring material prices, but orders remained solid despite the difficult environment. Although a large project was completed in the same period of the previous year, fewer projects were completed during the cumulative first-quarter period, resulting in lower revenue and a wider operating loss.」

「Revenue exceeded the same period of the previous year because projects carried over from the end of the previous consolidated fiscal year were completed, but the loss widened from the previous year due to low-profitability construction work. As a result, revenue was ¥812 million, up 23.0% year on year, and the operating loss was ¥30 million, compared with an operating loss of ¥1 million in the same period of the previous year.」

「The housing business conducted only limited activities, such as selling inventory, following a substantial contraction that included suspending sales of new detached houses. In the construction business, revenue exceeded the same period of the previous year because large private-sector construction projects were completed and handed over, but operating profit fell below the previous year because profitability declined across construction projects.」

「(Housing business) Following the substantial contraction of operations during the cumulative second-quarter period, including suspending sales of new detached houses, the business conducted only limited activities, such as selling inventory, during the current third-quarter accounting period. As a result, revenue was ¥491 million, down 54.4% year on year, and the operating loss was ¥132 million, compared with an operating loss of ¥165 million in the same period of the previous year. (Construction business) Revenue and operating profit substantially exceeded the same period of the previous year because large buildings were completed and handed over during the cumulative third-quarter period. As a result, revenue was ¥2,132 million, up 538.3% year on year, and operating profit was ¥39 million, compared with an operating loss of ¥70 million in the same period of the previous year.」

「In the housing business, the company substantially scaled back operations during the cumulative second-quarter period, including suspending sales of new detached houses, selling inventory in bulk, and reducing headcount. As a result, revenue was ¥427 million, down 23.0% year on year, and the operating loss was ¥124 million, compared with an operating loss of ¥160 million in the same period of the previous year. In the construction business, orders and construction completions, mainly in the construction division, proceeded smoothly. As a result, revenue was ¥660 million, up 267.7% year on year, and the operating loss was ¥1 million, compared with an operating loss of ¥43 million in the same period of the previous year.」

「(Housing business) Although the number of completed and handed-over detached houses during the cumulative first-quarter period fell below the same period of the previous year, revenue exceeded the previous year because part of the development area was sold in bulk. In terms of profit, the loss widened because the bulk sale generated a loss. As a result, revenue was ¥368 million, up 30.5% year on year, and the operating loss was ¥97 million, compared with an operating loss of ¥8 million in the same period of the previous year. (Construction business) Revenue exceeded the previous year because the number of properties completed during the cumulative first-quarter period increased as the number of properties carried over from the end of the previous consolidated fiscal year exceeded the number in the same period of the previous year. However, the loss widened because some properties were less profitable.」

「Net sales exceeded the year-earlier period due in part to an increase in sales of newly built detached houses and spec-built houses and the bulk sale of condominium units whose sales had been prolonged. In terms of profit, the loss increased from the year-earlier period due in part to a loss on the sale of condominium units and the recognition of an allowance for doubtful accounts on loans to a customer.」

「Revenue exceeded the same period of the previous year because the number of completed and handed-over new detached houses and the number of spec-built houses sold increased. In terms of profit, the loss widened from the previous year due to factors including the recognition of a loss on the bulk sale of condominiums whose sales had been protracted, and the recognition of an allowance for doubtful accounts on loans because the financial condition of a business partner to which funds had been lent deteriorated.」

「Because the number of completed and handed-over new detached houses during the current first-quarter consolidated accounting period exceeded the same period of the previous year, revenue exceeded the previous year and the loss narrowed as revenue increased. In the construction business, revenue fell below the previous year because completion and handover of a large project that had been in progress through the previous consolidated fiscal year was completed, while the loss narrowed.」

「(Housing business) Although the number of orders for detached houses during the current third-quarter consolidated accounting period exceeded the same period of the previous year, revenue fell below the previous year because the number of properties handed over declined. In terms of profit, the loss widened as revenue declined despite efforts to reduce operating expenses. As a result, revenue was ¥567 million, down 35.9% year on year, and the operating loss was ¥76 million, compared with an operating loss of ¥44 million in the same period of the previous year. (Construction business) Revenue and operating profit substantially exceeded the same period of the previous year, mainly because revenue from progress during the current third-quarter consolidated accounting period was recognized for a large project that had been in progress since the end of the previous consolidated fiscal year. As a result, revenue was ¥1,990 million, up 194.0% year on year, and operating profit was ¥26 million, compared with an operating loss of ¥81 million in the same period of the previous year.」

「(Housing business) Revenue fell below the same period of the previous year, mainly because the number of properties handed over declined as the number of properties ordered for new detached houses fell. In terms of profit, the loss widened despite efforts to improve profitability, including withdrawing from part of the unprofitable business. As a result, revenue was ¥499 million, down 31.2% year on year, and the operating loss was ¥22 million, compared with an operating loss of ¥16 million in the same period of the previous year. (Construction business) Revenue substantially exceeded the same period of the previous year, mainly because revenue from the portion of a large project in progress since the previous consolidated fiscal year was recognized. In terms of profit, the loss narrowed as revenue increased. As a result, revenue was ¥1,095 million, up 76.4% year on year, and the operating loss was ¥1 million, compared with an operating loss of ¥48 million in the same period of the previous year.」

「(Housing business) Revenue fell below the same period of the previous year, mainly because the number of properties handed over declined as the number of orders for new detached houses fell. In terms of profit, the loss widened as revenue declined. / (Construction business) Revenue substantially exceeded the same period of the previous year because the number of completed construction projects handed over increased. In terms of profit, the business posted a loss because construction costs increased due to soaring material and labor costs.」

「Although the number of orders for new detached houses declined, revenue exceeded the same period of the previous year, mainly because the number of properties handed over during the cumulative third-quarter period increased. In terms of profit, the loss widened due to initial costs and other expenses associated with a new store for the new business. As a result, revenue was ¥885 million, up 27.4% year on year, and the operating loss was ¥44 million, compared with an operating loss of ¥14 million in the same period of the previous year. In the construction business, revenue fell below the same period of the previous year because handovers of properties following completion of construction were deferred to the fourth-quarter consolidated accounting period. In terms of profit, the business posted a loss because fixed costs were incurred while revenue was not recognized as construction remained incomplete. As a result, revenue was ¥676 million, down 74.9% year on year, and the operating loss was ¥81 million, compared with operating profit of ¥148 million in the same period of the previous year.」

「Although the number of orders for new detached houses declined, revenue exceeded the same period of the previous year, mainly because the number of properties handed over during the cumulative second-quarter period increased. In terms of profit, the loss narrowed as revenue increased. As a result, revenue was ¥726 million, up 57.4% year on year, and the operating loss was ¥16 million, compared with an operating loss of ¥18 million in the same period of the previous year.」

「Although the number of orders for new detached houses declined, revenue exceeded the same period of the previous year, mainly because the number of properties handed over during the current first-quarter consolidated accounting period increased. In terms of profit, the loss narrowed as revenue increased. As a result, revenue was ¥317 million, up 90.4% year on year, and the operating loss was ¥13 million, compared with an operating loss of ¥20 million in the same period of the previous year. In the construction business, although orders during the current first-quarter consolidated accounting period remained on track, revenue and operating profit fell below the same period of the previous year because handovers following completion of construction are expected from the second quarter onward.」

「In the housing business, although some improvement was seen, including an increase in the number of orders and starts, revenue and operating profit fell below the same period of the previous year due to factors including the sale of large properties in the previous consolidated fiscal year. As a result, revenue was ¥1,071 million, down 23.2% year on year, and the operating loss was ¥22 million, compared with operating profit of ¥116 million in the same period of the previous year. In the construction business, revenue exceeded the same period of the previous year because handovers of construction projects proceeded as initially planned. Profit was slightly below the previous year but was broadly in line with the plan.」

「In the housing business, although the number of orders and starts for new detached houses increased, revenue and operating profit fell below the same period of the previous year because the number of handovers declined. As a result, revenue was ¥695 million, down 37.9% year on year, and the operating loss was ¥14 million, compared with operating profit of ¥206 million in the same period of the previous year. In the construction business, revenue and operating profit exceeded the same period of the previous year, mainly because handovers of properties were completed during the cumulative third-quarter period. As a result, revenue was ¥2,701 million, up 6.9% year on year, and operating profit was ¥148 million, up 17.1%.」

「In the housing business, although the number of orders and starts for new detached houses increased, revenue and operating profit fell below the same period of the previous year because the number of handovers declined. As a result, revenue was ¥461 million, down 54.2% year on year, and the operating loss was ¥18 million, compared with operating profit of ¥227 million in the same period of the previous year. In the construction business, although the number of construction orders remained on track, revenue and operating profit fell below the same period of the previous year because handovers during the cumulative second-quarter period declined substantially. As a result, revenue was ¥157 million, down 91.8% year on year, and the operating loss was ¥13 million, compared with operating profit of ¥74 million in the same period of the previous year.」

「In the housing business, although the number of orders and starts for new detached houses increased, revenue and operating profit fell below the previous year because the number of handovers declined. In the construction business, the number of construction orders remained on track, but the number of handovers during the current consolidated accounting period declined substantially.」

「In the housing business, revenue and operating profit exceeded the previous year, mainly because the number of detached houses started increased and properties held for sale were sold. As a result, revenue was ¥1,118 million, up 42.4% year on year, and operating profit was ¥206 million, compared with an operating loss of ¥71 million in the same period of the previous year. In the construction business, revenue and operating profit exceeded the previous year, mainly because large private-sector projects were completed and handed over. As a result, revenue was ¥2,526 million, up 148.0% year on year, and operating profit was ¥126 million, up 385.7%.」

「In the housing business, revenue and operating profit exceeded the previous year, mainly because the number of detached houses started increased and properties held for sale were sold. As a result, revenue was ¥1,008 million, up 142.3% year on year, and operating profit was ¥227 million, compared with an operating loss of ¥59 million in the same period of the previous year. In the construction business, revenue and operating profit exceeded the previous year, mainly because large private-sector projects were completed and handed over. As a result, revenue was ¥1,908 million, up 152.3% year on year, and operating profit was ¥74 million, up 155.6%.」