This document has been translated from a part of the Japanese original for the convenience of non-Japanese shareholders. In the event of any discrepancy between thistranslation and the Japanese original, the original shall prevail.

February 7, 2019

Consolidated Financial Results
for the First Nine Months of the Fiscal Year Ending March 31, 2019
<under J-GAAP>
Company name: Pressance Corporation Co., Ltd.
Listing:First Section of the Tokyo Stock Exchange
Section code:
3254
URL:
http://www.pressance.co.jp/
Representative: Shinobu Yamagishi, President and Representative Director
Contact:
Yutaka Doi, Vice President and Director
TEL: +81-6-4793-1650

Scheduled date of filing of quarterly securities report:
February 12, 2019
Scheduled starting date for dividend payments:―
Preparation of supplementary quarterly materials for financial results: Yes, it will be released in English
on the Company’s web site around Feb. 15, 2019
Holding of quarterly financial results presentation meeting: No(Values of less than one million rounded down)

1.

Consolidated operating results for the first nine months of the fiscal year ending March 31, 2019(from April 1, 2018 to December 31, 2018)(Percentages indicate year-on-yearchanges compared to the same
period of the previous FY)
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%(1) Consolidated operating results (cumulative)
Net sales
Millions of yen
First nine months of the fiscal
year ending March 31, 2019
First nine months of the fiscal
year ended March 31, 2018
Note: Comprehensive income

138,987

37.6

26,842

58.9

26,44759.7

17,93359.5

101,024 38.5
16,891 35.7
16,557 34.7
11,247 36.6
First nine months of the fiscal year ending March 31, 2019: 17,932 million yen [59.4 %]First nine months of the fiscal year ended March 31, 2018: 11,247 million yen [36.7 %]Basic earnings
per share
Yen

Diluted earnings
per shareYen

291.02279.47190.56183.79First nine months of the fiscal
year ending March 31, 2019
First nine months of the fiscal
year ended March 31, 2018

(2) Consolidated financial position
Total assets
Millions of yen
268,150
245,399

As of December 31, 2018
As of March 31, 2018
Reference: Equity
As of December 31, 2018:
As of March 31, 2018:

Net assets
Millions of yen
94,14275,172

92,217 million yen
73,209 million yen

1Equity ratio
%
34.4
29.8

2.

Dividends
Annual dividends per share
1st
2nd
3rd
Year-endquarter-end quarter-end quarter-end
Yen
Yen
Yen
Yen

Fiscal year ended
–
12.50
–
16.90
March 31, 2018
Fiscal year ending
March 31, 2019
17.50
Fiscal year ending
23.00
March 31, 2019 (Forecast)
Note: Revisions to the dividends forecasts most recently announced: Yes

Annual
total
Yen
29.40

40.50

For the revisions to our dividend payout forecast, please see “Upward Revision of the results forecast and dividend forecast”
published today (February 7, 2019).

3.

Forecasts of consolidated operating results for the fiscal year ending March 31, 2019(from April 1, 2018 to March 31, 2019)(Percentages indicate year-on-year changes.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Millions ofMillions ofMillions ofMillions of
%
%
%
%
Yen
yen
yen
yen
yen
Full year
157,851
17.7
27,01432.7
26,24832.2
17,85629.8
289.32
Note: Revisions to the results forecasts most recently announced: Yes
For the revisions to our consolidated financial forecast, please see “Upward Revision of the results forecast and dividend
forecast” published today (February 7, 2019).

*
(1)

(2)

Notes
Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
Adoption of specific accounting policies for quarterly consolidated financial statements: Yes(Corporate Income Tax Calculation Standards)
Regarding taxes, a reasonable estimate of the effective tax rate for the projected full-year pretax income for thecurrent fiscal year, including the actual income figure for the first nine months of the fiscal year, has been
arrived at using the tax-effect accounting method.
(Additional Information)(Adoption and application of the Partial Amendment to Accounting Standard for Tax Effect Accounting, etc.)
With the adoption and application of the Partial Amendment to Accounting Standard for Tax EffectAccounting (ASBJ Statement No. 28) from the first three months of the fiscal year, deferred tax asset is now
indicated in the segment of total investments and other assets, and deferred tax liabilities is now indicated in
Non-current liabilities.

(3) Changes in accounting policies, changes in accounting estimates and restatement after error corrections
a. Changes in accounting policies due to amendments to accounting standards and other regulations: Noneb. Changes in accounting policies due to other reasons than a. above: Nonec. Changes in accounting estimates: None
d. Restatement after error corrections: None(4)

Number of issued shares (common stock)a. Number of issued shares at the end of each period (including treasury shares)
As of December 31, 2018
As of March 31, 2018

62,847,785 shares
62,365,600 sharesb. Number of treasury shares at the end of each period
As of December 31, 2018863,744 shares2As of March 31, 2018

2,412,152 sharesc. Average number of shares during the period
First nine months of the fiscal year ending March 31,2019
First nine months of the fiscal year ended March 31,2018

61,623,911 shares
59,021,861 shares

Notes:
1. Due to the introduction of the share-based payment type ESOP, a certain number of shares of the Company
held in the trust account is included in the “Number of treasury shares at the end of period” (313,980 sharesfor the 3rd quarter of the fiscal year ending March 31, 2019 and the 313,980 shares for the fiscal year ended
March 31, 2018). And a certain number of shares held in the trust account is included in the treasury sharesthat were deducted in the calculation of the “Average number of outstanding shares during the period”(313,980 shares for the 3rd quarter of the fiscal year ending March 31, 2019 and 314,882 shares for the 3rdquarter of the fiscal year ended March 31, 2018).
* Quarterly financial results reports by public accountants or auditing firms are not required* Explanations about the proper use of financial forecasts and other important notes(Caution Concerning Forward-looking Statements)
Forward-looking statements in this document, including the results forecasts, are based on the information
available to the Company at the time of disclosure and on certain assumptions deemed to be practicable by
the Company. These statements do not purport that the Company pledges or ensures to achieve suchstatements. Actual business and other results may differ substantially due to various factors. For preconditions
to the assumptions and other important notes concerning the financial forecasts, please refer to “1. Quarterly
Qualitative Information (3) Explanation for the Forecast of Consolidated Financial Results ending March 31,
2019 on page 5 of the attachment.
(Method of Obtaining Supplementary Materials for Quarterly Financial Results)
Supplementary materials for quarterly financial results are available on the Company’s website.

3

1. Quarterly Qualitative Information(1) Business Results
During the first nine months of consolidated fiscal year, the Japanese economy steadily recovered withmoderate increase in consumer spending along with improvements of employment, personal income
environment and also business surroundings. On the other hand, attention should be given to the effects of the
trade friction caused by the movement toward protectionism in the U.S.A. as well as the effects of fluctuationsin the financial and capital markets.
In the real estate industry, the cost of land for development increased as publicly assessed land values
continued to rise in Japan’s three largest cities of Tokyo, Osaka and Nagoya as well as in other large cities, andalso the cost of construction increased. Although this and other factors remain causes for concern, the demandto acquire condominiums continues to be solid as the interest rates on housing loans remain low, and theJapanese government’s ongoing measures to support the acquisition of housing stay on track. More people
have also been moving into urban areas they see as offering greater convenience. Consequently, thecondominium market has stayed sound.
In these business circumstances, Pressance Corporation Co, Ltd. (the “Company”) is aiming to supply
condominiums in the central area of major cities in Kinki, Tokai-Chukyo region as well as local major cities ofour main business fields, focusing on acquiring selected lands in demanding locations.
Under such business condition, the Company posted the following consolidated performance for the first ninemonths of the fiscal year ending March 31, 2019, net sales amounted to 138,987 million yen (up 37.6% year onyear), operating profit amounted to 26,842 million yen (up 58.9% year on year), ordinary profits amounted to26,447 million yen (up 59.7% year on year) and profit attributable to shareholders of the parent company
amounted to 17,933 million yen (up 59.5% year on year).
An overview of operating results by product segment is as follows:

Real Estate Sale BusinessIn the real estate sale business, the sale of family-type condominium “Pressance Legend Biwako” (486 units intotal) and studio condominium “Pressance Itachibori Parkcity” (148 units in total) soundly contributed to total
sales in the first nine months of the fiscal year ending March 2019. The sales of studio condominium amounted
to 34,202 million yen (1,883 units), sale of family-type condominium amounted to 68,933 million yen (1,839
units), sale of condominium building amounted 10,872 million yen (765 units), sale of hotel property amounted
to 17,625 million yen (980 units), sale of other type of housing amounted to 803 million yen (62 units), sale ofother real estate amounted to 986 million yen, business accompanying real estate sale amounted to 1,443
million yen. Total sales of real estate sale business posted 134,867 million yen (up 38.3% year on year) and,
operating profit amounted to 26,318 million yen (up 61.5% year on year).

Other Business
There was an increase in the rent revenue with a high occupancy rate of company-owned real estate for rent.
As a result of this increase in rent revenue and other factors, sales in other business amounted to 4,120 million
yen (up 18.6% year on year), and operating profit came to 1,395 million yen (up 2.8% year on year).

(2) Financial Position
With the adoption and application of the Partial Amendments to Accounting Standard for Tax EffectAccounting (ASBJ Statement No. 28 dated February 16, 2018) from the first three months of the fiscal year,
financial figures are compared to the recalculated figures for the fiscal year ended March 31, 2018.

Current Assets
Total current assets as of the end of the first nine months of the fiscal year amounted to 249,051 million yen(up 9.6%), which represents an increase of 21,889 million yen compared to the end of the previous fiscal year.
This was mainly due to a 15,186-million-yen increase in inventory as a result of actively acquiring land fordevelopment.

Fixed Assets
Total fixed assets as of the end of the first nine months of the fiscal year amounted to 19,099 million yen (up4.7 %), which represents an increase of 861 million yen compared to the end of the previous fiscal year. This4

was mainly due to a 664-million-yen increase in long-term loans to subsidiaries and associates.

Liabilities
Total liabilities as of the end of the first nine months of the fiscal year amounted to 174,008 million yen (up2.2%), which represents an increase of 3,781 million yen compared to the end of the previous fiscal year. Thiswas mainly due to a 15,372-million-yen increase in loans payable to banks despite a 5,754-million-yen
decrease in electronically recorded obligations whose payment became due as well as a 4,586-million-yen
decrease in advances received due to the delivery of condominiums.

Net Assets
Total net assets as of the end of the first nine months of the fiscal year amounted to 94,142 million yen (up25.2 %), which represents an increase of 18,969 million yen compared to the end of the previous fiscal year.
This was primarily due to an increase of 15,825 million yen in retained earnings as a result of the posting ofquarterly profits attributable to the shareholders of the parent company.

Analysis on Cash Flows
Cash and cash equivalents as of the end of the first nine months of the fiscal year ending March 31, 2019,
totaled 36,580 million yen (up 24.8 %), which represents an increase of 7,266 million yen compared to the endof the previous fiscal year.
The status and factors in each cash flow for the first nine months of the fiscal year are as follows:

Cash Flows from Operating Activities
Net cash used in operating activities came to 4,575 million yen (compared with 27,592 million yen used in thesame period of previous fiscal year).
This was mainly due to cash outflows as a result of actively acquiring land for development, etc., which
increased inventories by 15,104 million yen, a payment of income taxes totaling 7,205 million yen, as well as adecrease of 6,075 million yen in trade payables due to the scheduled payment of electronically recorded
obligations related to the cost of large-scale construction among other factors. On the other hand, there was acash inflow resulting from the posting of income before income taxes amounting to 26,446 million yen.

Cash Flows from Investment Activities
Net cash used in investment activities came to 1,696 million yen (Compared with 1,814 million yen used in thesame period of previous fiscal year).
This was principally due to the outflows that resulted from loans to affiliates of 653 million yen, payments into
time deposits of 500 million yen and investments in affiliates amounting to 455 million yen.

Cash Flows from Financing Activities
Net cash provided by financing activities came to 13,513 million yen (Compared with 30,242 million yen
provided in the same period of previous fiscal year).
The main reason for this was an increase in the cash balance caused by an increase in loan payable to bank of
15,372 million yen on a net basis. On the other hand, cash was used to pay dividends amounting to 2,105
million yen.

(3) Explanation for the Forecast of Consolidated Financial Results ending March 31, 2019
The company revised the consolidated financial forecast for the fiscal year ending March 31, 2019, which wasannounced on May 10, 2018, in light of the consolidated results for the first nine months of the year. The
company also made an upward revision to the dividend payout forecast.
For more details, please see “Upward Revision of the results forecast and dividend forecast” published on
February 7, 2019.

5

Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Thousands of yen)
As of March 31, 2018
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Real estate for sale
Real estate for sale in process
Raw materials and supplies
Other
Total current assets
Non-current assets
Property, plant and equipment
Real estate for rent, net
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Total assets

6

As of December 31, 2018

31,374,433
79,318
11,275,614
180,461,550
207,9213,762,667
227,161,506

39,140,433
95,017
16,523,919
190,321,237
286,700
2,683,953
249,051,262

13,935,823
557,927
14,493,751
431,820
3,312,092
18,237,664
245,399,170

13,398,809
810,626
14,209,435
353,5424,536,443
19,099,422
268,150,684

(Thousands of yen)
As of March 31, 2018
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Advances received
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Bonds with share acquisition rights
Long-term loans payable
Provision for directors’ retirement benefits
Provision for share-based payment
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

7

As of December 31, 2018

796,037
5,955,930
7,965,955
32,507,172
4,190,984
12,492,345
170,067
3,458,537
67,537,029

377,292
201,6908,880,352
39,611,972
5,555,621
7,906,279
90,683
4,161,728
66,785,619

6,400,000
95,621,800
569,350
89,905
8,393
102,689,448
170,226,478

3,500,000
102,975,600
609,808
118,339
18,704
107,222,452
174,008,072

1,973,996
2,113,852
71,588,931(2,471,817)
73,204,962

2,341,650
3,343,841
87,414,401(887,796)
92,212,097

6,980(2,840)4,139
180,329
1,783,260
75,172,692
245,399,170

(211)
5,410
5,199
144,699
1,780,616
94,142,612
268,150,684

(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income(Thousands of yen)First nine months of the fiscal
year ended
March 31, 2018
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Purchase discounts
Foreign exchange gains
Commission fee
Penalty income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodFinancing expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes
Net income
Profit attributable to non-controlling interests
Profit attributable to owners of parent

8First nine months of the fiscal
year ending
March 31, 2019

101,024,238
73,692,429
27,331,808
10,440,775
16,891,033

138,987,289
99,618,805
39,368,483
12,526,093
26,842,389

2,384
1,350
4,246
37,85351,04086,13750,597
233,610

943
1,440
318
100,056
49,79640,00755,428247,991458,231535,054

32,181

63,24264,631
12,232567,277
16,557,366

30,877
13,608642,783
26,447,597

3,708
3,708

3,440
3,440

7,307
7,307
16,553,767
5,307,396
11,246,370(717)
11,247,087

584
3,546
4,131
26,446,907
8,515,857
17,931,049(2,644)
17,933,693

Quarterly Consolidated Statements of Comprehensive Income(Thousands of yen)First nine months of the fiscal
year ended
March 31, 2018
Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

9

First nine months of the fiscal
year ending
March 31, 201911,246,370

17,931,049

1,404
-

(7,191)
3,661

-

4,590

1,404
11,247,775

1,060
17,932,109

11,248,492

17,934,753(717)(2,644)

(3) Quarterly Consolidated Statements of Cash Flows(Thousands of yen)First nine months of the
fiscal year ended
March 31, 2018
Cash flows from operating activities
Income before income taxes
Depreciation
Amortization of goodwill
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)Share of (profit) loss of entities accounted for using
equity method
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade
Share-based compensation expenses
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for directors’ retirement
benefits
Increase (decrease) in provision for share-based
payment
Loss (gain) on sales of non-current assets
Loss on retirement of non-current assets
Increase (decrease) in advances received
Decrease (increase) in consumption taxes refund
receivable
Increase (decrease) in accrued consumption taxes
Other
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of non-current assets
Proceeds from sales of non-current assets
Purchase of investment securities
Payments of loans receivable from subsidiaries andassociates
Payments for investments in capital of subsidiaries andassociates
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of shares of subsidiaries resulting in change inscope of consolidation
Other
Net cash provided by (used in) investing activities

10

First nine months of the
fiscal year ending
March 31, 2019

16,553,767
293,406
75,159(3,735)458,231(37,853)

26,446,907
351,01075,159(2,384)
535,054(100,056)

32,181

63,242(37,151,633)(2,450,351)
52,091(52,390)(15,104,281)(6,075,178)(79,383)

33,67540,45824,43428,434(3,708)7,307(853,800)(2,855)
3,546(4,572,062)

916,368

654,377

290,133(586,102)(22,402,816)
3,735(456,724)(4,736,623)(27,592,429)

1,106,503(156,560)
3,211,931
2,384(584,150)(7,205,461)(4,575,295)(604,170)
3,708(1,643)(101,749)
15,783(1,728)(1,084,850)(653,567)-(455,760)

35,010(500,000)-(162,993)-

70(1,814,869)

200(1,696,820)

(Thousands of yen)First nine months of the
fiscal year ended
March 31, 2018
Cash flows from financing activities
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from issuance of common shares
Cash dividends paid
Net increase (decrease) in short-term loans payable
Proceeds from share issuance to non-controllingshareholders
Proceeds from disposal of treasury shares
Proceeds from issuance of bonds with share acquisitionrightsOther
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

11First nine months of the
fiscal year ending
March 31, 201946,506,000(30,781,249)
547,008(1,476,293)
6,666,000

61,506,800(47,048,199)
199,679(2,105,182)
914,397

1,782,000--

46,355

6,990,279-

8,873
30,242,617

13,513,849

30,84524,266866,164
28,439,078
29,305,242

7,266,000
29,314,433
36,580,433

Others(1) Orders and salesa. Actual orders

First nine months of the fiscal year ended March 31, 2018 (from April 1, 2017 to December 31, 2017)
Name ofsegment

Category

Studiocondominiums
Family-typecondominiums
Sale ofReal estate condominium
buildingsalebusiness
Sale of hotel
property
Sale of othertype of housing
Sale of otherreal estate
Total amount ofreportable segments

Numberof units

Total amount of contracts
AmountYear on(Thousands ofyear (%)
yen)

Year onyear (%)

Outstanding balance of contracts
AmountNumberYear onYear on(Thousands ofof units
year (%)
year (%)
yen)

1,738

136.7

30,473,562

139.4

880

111.5

15,545,315

116.4

1,482

96.7

55,232,147

98.2

2,245

113.0

88,871,442

120.9

973

152.0

13,775,007

168.0

1,044

132.2

14,123,316

139.4

360

324.3

6,041,444

202.8

660

360.7

11,758,748

247.0

49

188.5

1,659,494

239.6

21

2,100.0

638,876

1,950.8

2–

3,063,677

1,026.8––

952,000

–

4,604

128.6

110,245,333

122.2

4,850

129.4

131,889,699

129.6

First nine months of the fiscal year ending March 31, 2019 (from April 1, 2018 to December 31, 2018)
Name ofsegment

Category

Studiocondominiums
Family-typecondominiums
Sale ofReal estate condominium
buildingsalebusiness
Sale of hotel
property
Sale of othertype of housing
Sale of otherreal estate
Total amount ofreportable segments

Numberof units

Total amount of contracts
AmountYear on(Thousands ofyear (%)
yen)

Year onyear (%)

Outstanding balance of contracts
AmountNumberYear onYear on(Thousands ofof units
year (%)
year (%)
yen)

2,402

138.2

46,528,320

152.7

2,021

229.7

39,429,001

253.6

1,370

92.4

49,662,641

89.9

1,675

74.6

61,136,193

68.8

1,275

131.0

19,846,135

144.1

1,650

158.0

25,768,993

182.5

960

266.7

23,290,237

385.5

814

123.3

21,773,160

185.2

71

144.9

1,125,528

67.8

17

81.0

448,870

70.3

–

–

5,384,600

175.8

–

–

4,398,600

462.0

6,078

132.0

145,837,462

132.3

6,177

127.4

152,954,817

116.0

Notes:
1. In the table above, “total amount of orders” has been replaced with “total amount of contracts.
2. Consumption taxes are not included in the above amounts.
3. Amounts of additional constructions are included in the above amounts.
4. The sale of condominium building refers to the method of wholesaling the whole or part of each condominium
building mainly to condominium dealers.
5. The sale of other type of housing refers to the sale of houses other than newly built condominiums, including
used houses and detached houses.
6. The sale of other real estate refers to the sale of real estate other than housing, including commercial stores andlands for development.
7. Amounts of contracts for sale of other real estate in the first nine months of the previous fiscal year refer tocommercial stores (68,136 thousand yen) and land for development (2,995,541 thousand yen). The outstandingbalance of contracts refers to land for development.
Amounts of contracts for sale of other real estate in the first nine months of the fiscal year refers to lands fordevelopment.
8. Number of units in total amount of contracts and the outstanding balance of contracts may fluctuate due tochange of business plan and others.

12※※ The amounts of outstanding balance of contracts in family-type condominium decreased drastically, comparedto the first nine months of the previous fiscal year. This was due to steep rise in the number of completion anddelivery of family-type condominium including our big project such as “Pressance Legend Biwako” in the firstnine months of this fiscal year. As a result, the sales amount of family-type condominium in the first ninemonths of this fiscal year marked steep increase amounting 68,933,653 thousand yen (up 152.6 % year on year)
as stated in “b. Actual sales” below.
b. Actual sales
The first nine months of FY ended March 31, 2018(from April 1, 2017 to December 31, 2017)
AmountNumberYear onYear on(Thousands ofof units
year (%)
year (%)
yen)

The first nine months of FY ending March 31, 2019(from April 1, 2018 to December 31, 2018)
AmountNumberYear onYear on(Thousands ofof units
year (%)
year (%)
yen)

1,651

115.1

28,350,107

114.3

1,883

114.1

34,202,570

120.6

1,293

125.4

45,177,182

133.4

1,839

142.2

68,933,653

152.6

1,086

145.6

17,073,976

173.4

765

70.4

10,872,011

63.7

183

–

2,744,091

–

980

535.5

17,625,826

642.3

35

106.1

1,237,829

135.9

62

177.1

803,653

64.9

2

–

2,111,676

423.7

–

–

986,000

46.7

–

–

855,276

261.7

–

–

1,443,545

168.8

4,250

131.0

97,550,141

138.9

5,529

130.1

134,867,261

138.3

Other

–

–

3,474,097

128.1

–

–

4,120,028

118.6

Total

4,250

131.0

101,024,238

138.5

5,529

130.1

138,987,289

137.6

Name ofsegment

Category

Studiocondominiums
Family-typecondominiums
Sale ofcondominium
building
Real estate
Sale of hotel
sale
propertybusiness
Sale of othertype of housing
Sale of otherreal estateBusiness
accompanying
real estate sale
Total amount ofreportable segments

Notes:
1. Consumption taxes are not included in the above amounts.
2. Amounts of additional constructions are included in the above amounts.
3. The sale of condominium building refers to the method of wholesaling the whole or part of each condominium
building mainly to condominium dealers.
4. The sale of other type of housing refers to the sale of houses other than newly built condominiums, including
used houses and detached houses.
5. The sale of other real estate refers to the sale of real estate other than housing, including commercial stores andlands for development.
6. Business accompanying real estate sale includes agent commission for condominium sale and administrative fee
accompanying real estate sale.
7. Amounts of sales for other real estate in the first nine months of the previous fiscal year refers to commercial
stores (68,136 thousand yen) and lands for development (2,043,540 thousand yen).
Amounts of sales for other real estate in the first nine months of this fiscal year refers to lands for development.

※ Please refer to ※ above on page 13.

13※