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.

November 14, 2022

Consolidated Financial Results
for the Fiscal Year Ended September 30, 2022
<under J-GAAP>

Company name: Pressance Corporation Co., Ltd.
Listing:Standard Market of the Tokyo Stock Exchange
Section Code: 3254
URL:
https://www.pressance.co.jp/
Representative: Yutaka Doi, President and Representative Director
Contact:
Kyosuke Ichikawa, Executive Officer, Deputy General Manager of Management
Division, and General Manager of Accounting Department
TEL: +81-6-4793-1650
Scheduled date of ordinary general meeting of shareholders:
Scheduled date of start of dividend payment:
Scheduled date of filing of annual securities report:
Preparation of supplementary materials for financial results:
Holding of financial results presentation meeting:

December 16, 2022
December 19, 2022
December 19, 2022
Yes (Japanese version only)No(Amounts less than one million yen have been omitted.)1.

Consolidated operating results for the fiscal year ended September 30, 2022 (October 1, 2021 toSeptember 30, 2022)(1) Consolidated operating results(Percentages indicate year-on-year changes.)

Net sales
Millions of yen

Operating profit

Profit attributable toowners of parent

Ordinary profit% Millions of yen% Millions of yen% Millions of yen%

Fiscal year ended September
30, 2022

145,205―

20,648―20,809―14,111―

Fiscal period ended
September 30, 2021

99,752―

14,225―

13,888

―

9,121

―

Note:

Comprehensive income

Fiscal year ended September 30, 2022:
Fiscal period ended September 30, 2021:

Basic earnings per Diluted earnings
share
per share

15,112 million yen [-%]
9,159 million yen [-%]
Ratio of ordinary
Ratio of operating
profit to total
profit to net sales
assets%%%Return on equity

Yen

Yen

Fiscal year ended September
30, 2022

206.40206.03

9.2

8.2

14.2

Fiscal period ended
September 30, 2021

134.17134.05

6.4

5.3

14.3

Reference: Share of profit (loss) of entities accounted for using equity method
Fiscal year ended September 30, 2022:

389 million yen

Fiscal period ended September 30, 2021:(54) million yen

Note: Following the change of fiscal year-end, the fiscal period ended September 30, 2021 covers the six months from April 1,
2021 to September 30, 2021. For this reason, year-on-year changes (percentage) are not stated for the fiscal period ended
September 30, 2021 and the fiscal year ended September 30, 2022.

(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

As of September 30, 2022

251,369

160,76863.8

2,335.40

As of September 30, 2021

256,024

148,25657.6

2,167.93

Reference: Equity
As of September 30, 2022
As of September 30, 2021

160,434 million yen
147,400 million yen

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at end of
period(3) Consolidated cash flows
Cash flows fromoperating activities
Millions of yen

Millions of yen

Millions of yen

Millions of yen

Fiscal year ended September
30, 2022

19,8752,658(19,014)

103,443

Fiscal period ended
September 30, 2021

25,900(1,069)(12,616)

99,922

2.

Dividends
Annual dividends per share
1st quarter2nd
3rd quarterYear-end
endquarter-end
end

Total cash
dividends

Annualtotal(Full-year)

Ratio ofdividends to(Consolidated) net assets(Consolidated)
Payout ratio

Yen

Yen

Yen

Yen

Yen

Millionsof yen%%Fiscal period ended
September 30, 2021

–

–

–

16.00

16.00

1,092

11.9

0.8

Fiscal year ended September
30, 2022

–

16.00

–

19.00

35.00

2,403

17.0

1.6

Fiscal year ending September
30, 2023 (forecast)

–

19.00

–

19.00

38.00

17.8

Note: Following the change of fiscal year-end, the fiscal period ended September 30, 2021 covers the six months from April 1,
2021 to September 30, 2021.

3.

Forecasts of consolidated operating results for the fiscal year ending September 30, 2023 (fromOctober 1, 2022 to September 30, 2023)(Percentages indicate year-on-year changes)

Net sales

Operating profit

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions ofyen%Millions of yen%

Six months ending
March 31 2023

78,353

9.1

12,61914.8

12,264

Full year

160,242

10.4

22,0206.6

21,268*Millions of yen

Basicearnings per
share

%

Yen

9.7

8,461 22.5

123.142.2

14,690213.784.1

Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in achange in the scope of consolidation): None
(2) 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 reasons other than a. above: Nonec. Changes in accounting estimates: None
d. Restatement after error corrections: None
(3) Number of issued shares (common stock)a. Number of issued shares at the end of each period (including treasury shares)
As of September 30, 2022
As of September 30, 2021
b. Number of treasury shares at the end of period

69,236,296
68,858,316

As of September 30, 2022
As of September 30, 2021
c. Average number of shares during the period

539,401
867,061

Fiscal year ended September 30, 2022
68,370,053
Fiscal period ended September 30, 2021
67,983,551
Note: Due to the introduction of the share-based payment type ESOP, a certain number of sharesof the Company held in the trust account is included in the “Number of treasury shares at the endof period” (- shares as of September 30, 2022 and 309,860 shares as of September 30, 2021). And,a certain number of shares held in the trust account are included in the treasury shares that werededucted in calculating the “Average number of shares during the period” (223,907 shares for the
fiscal year ended September 30, 2022 and 309,860 shares for the fiscal period ended September
30, 2021).
Financial results reports do not require auditing.
*Explanations about the proper use of financial forecasts and other important notes(Caution Concerning Forward-Looking Statements, Etc.)
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. Thesestatements do not purport that the Company pledges to or ensures it will achieve such statements. Actual business results
and other results may differ substantially due to various factors. For preconditions to the assumptions and other importantnotes concerning the financial forecasts, please refer to “1. Business Results and Financial Position (4) Future Outlook”
on page 3 of the attachment.
(Method of Obtaining Supplementary Materials for Financial Results)
Supplementary materials on financial results are posted on TDnet on the release date of this document (Japanese versiononly).

1. Business Results and Financial Position(1) Business Results

Pursuant to the resolution of the 24th Ordinary General Meeting of Shareholders held on June 25,
2021, Pressance Corporation Co., Ltd. (the “Company”) has changed the fiscal year-end from March
31 to September 30. As a result, the 25th fiscal period, which is the transitional period for changing
the fiscal year, covers 6 months from April 1, 2021 to September 30, 2021. For this reason, year-onyear changes are not stated for the fiscal year ended September 30, 2022.
The Japanese economy continued to recover at a moderate pace during the fiscal year ended
September 30, 2022. Looking ahead, amid the ongoing global monetary tightening and other factors,
there is a risk that a downturn in overseas economies will put downward pressure on the Japanese
economy. It is also necessary to pay close attention to the impacts of rising prices, supply-side
constraints and price increases of raw materials, fluctuations in financial and capital markets, and thepossibility of a resurgence in the COVID-19 pandemic, among others.
In the real estate industry to which the Group belongs, an increase in land costs in cities andconstruction costs and the like are causes for concern. However, the interest rates on housing loans
remain low while the Japanese government continues with its measures to help homebuyers, such asmortgage tax breaks, contributing to a resilient economy. The demand for condominiums in thecenter of cities, which is our main supply area, remained resilient as some areas saw an increase in
the number of households who are moving seeking the convenience of urban living and the like.
In these business circumstances, the Company has focused on supplying condominiums in selected
places in the central part of major cities in the Kinki, Tokai/Chukyo, and Tokyo metropolitan areas,
and other core regions including Okinawa, which are its major sales areas.
Under such business conditions, the Company posted the following consolidated performance for the
fiscal year ended September 30, 2022. Net sales amounted to 145,205 million yen, operating profit
came to 20,648 million yen, ordinary profit amounted to 20,809 million yen, and profit attributableto owners of parent was 14,111 million yen.

An overview of operating results by business segment is as follows:

Real Estate Sale BusinessIn the Real Estate Sales Business, Pressance Legend Osaka Shimmachi Tower (120 units), a familytype condominium in the Pressance Legend series, and Pressance Sakaisuji Hommachi Destiny (196units), a Pressance series studio condominium, have performed favorably.
However, as economic activities remain constrained by the impacts of the COVID-19 pandemic, oursales activities are also affected. In addition, sales of studio condominiums decreased significantly
compared with the same period of the previous year (October 1, 2020 to September 30, 2021) when alarge number of properties were delivered to non-Group companies, although this is in line with ourplan.
As a result, sales of studio condominiums amounted to 51,685 million yen (3,022 units), sales offamily-type condominiums were 63,863 million yen (1,482 units), sales of detached houses
amounted to 8,024 million yen (199 units), sales of used condominiums posted 6,892 million yen(487 units), sales of other real estate totaled 6,634 million yen, and business accompanying realestate sales came to 999 million yen. Total sales of the Real Estate Sales Business posted 138,100
million yen and segment profit amounted to 19,846 million yen.
Other Business1

In Other Business, self-owned real estate for rent showed steady performance. As a result, the sales
in Other Business amounted to 7,104 million yen, and segment profit was 1,816 million yen.

(2) Financial Position
Current Assets
Total current assets as of the end of the fiscal year under review amounted to 233,724 million yen(down 1.5%), which represents a decrease of 3,651 million yen compared with the end of theprevious fiscal year. This was due mainly to a decrease in inventory of 5,215 million yen and a fall in
short-term loans receivable from subsidiaries and associates following collection of these loans of
4,352 million yen, which offset increases in cash and deposits of 3,520 million yen and consumption
taxes refund receivable of 1,916 million yen.
Non-current Assets
Total non-current assets as of the end of the fiscal year under review amounted to 17,644 million yen(down 5.4%), which represents a decrease of 1,003 million yen compared with the end of theprevious fiscal period. This was due mainly to a decrease in deferred tax assets of 799 million yen
following a decrease in temporary differences related mainly to valuation loss of inventories.

Liabilities
Total liabilities as of the end of the fiscal year under review amounted to 90,601 million yen (down
15.9%), which represents a decrease of 17,167 million yen compared with the end of the previous
fiscal period. This was mainly due to a 16,095 million yen decrease in loans payable to financial
institutions.

Net Assets
Total net assets as of the end of the fiscal year under review amounted to 160,768 million yen (up8.4%), which represents an increase of 12,511 million yen compared with the end of the previous
fiscal year. This was principally due to an increase in retained earnings by 11,919 million yen
following the posting of profit attributable to owners of parent.

(3) Analysis of Cash Flows
Cash and cash equivalents as of the end of the fiscal year ended September 30, 2022, totaled 103,443
million yen, which represents an increase of 3,520 million yen compared with the end of theprevious fiscal period.
The status and factors in each cash flow for the fiscal year ended September 30, 2022, are as follows:

Cash flows from operating activities
Net cash provided by operating activities came to 19,875 million yen.
This was mainly due to cash inflows resulting from a decrease in inventories of 6,204 million yen
following the delivery of condominiums and the posting of 20,689 million yen in profit before
income taxes, while there was a cash outflow as a result of paying income tax of 7,135 million yen.

2

Cash flows from investing activities
Net cash provided by investing activities came to 2,658 million yen.
This was principally due to a cash inflow resulting from collection of loans receivable fromsubsidiaries and associates of 4,877 million yen, while there was a cash outflow resulting from theacquisition of non-current assets of 2,025 million yen.

Cash flows from financing activities
Net cash used in financing activities came to 19,014 million yen.
This was due mainly to a cash outflow resulting from the net decrease in loans payable to financial
institutions of 16,095 million yen,

(4) Future Outlook
Although it is necessary to pay attention to the impacts of the COVID-19 pandemic, we expect themarket to remain firm in the real estate industry, which we belong to, supported by the stablehousing demand and other factors that stimulate willingness to buy, including the Japanese
government’s ongoing measures to support homebuyers. In the condominium market, we expect thedemand to remain firm given that the population and/or the number of households are increasing in
the center of some cities, which are our main supply area.
In such a business environment, the Group will continue providing condominiums in convenientcity-center locations that meet the needs of customers at an appropriate price level. In addition, we
will further strengthen our sales force by providing guidance and education to sales employees andpursue the creation of new added value to meet diverse needs, aiming for further business growth.
Furthermore, by combining the management resources and business know-how of Open HouseGroup (Open House Group Co., LTD. and its group companies) and the Company, we will createbusiness synergy, such as mutually complementary geographical coverage and expansion ofmerchandise lineups, which will lead to further strengthening and expansion of our business.
The consolidated financial results for the fiscal year from October 1, 2022 to September 30, 2023 areplanned as follows.

Real Estate Sale Business
Sales of studio condominiums is expected to be 62,847 million yen; sales of family-typecondominiums, 66,569 million yen; sales of detached houses, 11,788 million yen; sales of usedcondominiums, 10,333 million yen; sales of other real estate, 265 million yen; and sales of businessaccompanying real estate sale, 1,031 million yen. We plan to achieve total sales of 152,834 million
yen in the real estate sales business.

Other Business
Sales in other business are expected to be 7,408 million yen from the rent revenue of the owned realestate for rent and income of the rental management business, among others.

3Expenses
We anticipate an increase in land acquisition costs and construction costs in cost of sales. With
respect to selling, general and administrative expenses, an increase in expenses, including personnel
expenses, is expected due to the planned increase in personnel.
As a result, in the fiscal year ending September 30, 2023, the Group plans to achieve net sales of
160,242 million yen, operating profit of 22,020 million yen, ordinary profit of 21,268 million yen,and profit attributable to owners of parent of 14,690 million yen.

(5) Basic Policy on Profit Distribution, Dividend for the Current and Next Fiscal Years
The Company has always considered returning profits to shareholders to be a top priority. Setting astable and continuous dividend payment as a basic policy, the Company is committed to increasing
shareholder value by securing profits mainly as internal reserves and utilizing them for investment tostrengthen the business foundation and growth, taking into consideration future businessdevelopment and business characteristics.
The Articles of Incorporation stipulate that the Company will pay dividends of surplus by aresolution of the Board of Directors, and basically pay dividends twice a year at the interim period
and end of the fiscal year.
For the fiscal year ended September 30, 2022, the Company plans to pay out a year-end dividend of
19 yen per share.
For the fiscal year ending September 30, 2023, the Company plans to pay out an interim dividend of
19 yen per share and a year-end dividend of 19 yen per share, which will make an annual total of 38
yen per share.

2. Basic Approach to the Selection of Accounting Standards
The Group prepares consolidated financial statements with Japanese accounting standards. The
Group intends to continue examining the application of international accounting standards withconsideration given to the situations both in Japan and abroad.

43. Consolidated Financial Statements(1) Consolidated Balance Sheet(Millions of yen)
As of September 30, 2021
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Real estate for sale
Real estate for sale in process
Raw materials and supplies
Other
Allowance for doubtful accounts

As of September 30, 2022

103,138
89
23,491
102,347
143
8,290
(124)

106,658
116
12,075
108,538
153
6,320
(138)

237,376

233,724

406
(195)

445
(225)

Buildings and structures, net
Real estate for rent
Accumulated depreciation

211
15,613(1,021)219
15,328(1,028)

Real estate for rent, net
Land
Other
Accumulated depreciation

14,592
197
290
(229)

14,300
197
311
(232)

Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other

60
15,062
101

78
14,797
114

102
39
2,736
606

122
8
1,936
665

Total Investments and other assets
Total non-current assets
Total Assets

3,484
18,648
256,024

2,733
17,644
251,369

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation

5

(Millions of yen)
As of September 30, 2021
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
Long-term loans payable
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-salesecurities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

6

As of September 30, 2022

367
1,704
920
38,228
3,730
5,024
226
3,929

1,325
3,032
1,203
17,472
1,369
4,698
222
3,840

54,131

33,166

52,798257
581

57,175－259

53,637
107,768

57,43590,601

6,890
7,892
133,489
(883)

7,275
8,257
145,409(544)

147,388

160,397

10

15

1

21

11
439
416

37
333
－

148,256
256,024

160,768
251,369

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Millions of yen)
Fiscal period ended September
30, 2021

Fiscal year ended September 30,
2022(Apr. 1, 2021 to Sep. 30, 2021)(Oct. 1, 2021 to Sep. 30, 2022)

Net sales
Cost of sales

99,752
77,069145,205
109,741

Gross profit
Selling, general and administrative expenses
Sales commission
Advertising expenses
Directors’ compensations
Salaries and allowances
Bonuses
Provision for bonuses
Retirement benefit expenses
Provision for share-based payment
Depreciation
Other

22,68335,464

3,714
141
180
2,080
51
184
30
25
50
1,997

5,014
300
377
4,483
390
177
66
26
117
3,860

Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity
method discounts
Purchase
Foreign exchange gains
Commission fee
Penalty income
Real estate acquisition tax refund
Other

8,457
14,225

14,815
20,648

1
1
－
2
29
19
77
38
59

61
3
389
－
267
45
74
17
94

Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
method of allowance for doubtful accounts
ProvisionCommission fee
Other

231

953

350
54
29
73
60

627
－
13
110
40

Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on sale of shares of subsidiaries and associates

568
13,888792
20,809－119

Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred－
13,888
3,762
965

119
20,6894,804
797

Total income taxes
Net income
Profit attributable to non-controlling interests
Profit attributable to owners of parent

4,727
9,161
39
9,121

5,602
15,087975
14,111

7

Consolidated Statements of Comprehensive Income(Millions of yen)
Fiscal period ended September 30, Fiscal year ended September 30,
2021
2022
(Apr. 1, 2021 to Sep. 30, 2021)(Oct. 1, 2021 to Sep. 30, 2022)

9,161

15,087

8
(1)
(8)

5
1
18

(1)
9,156

25
15,1129,120
39

14,136975

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted
using equity method
Total otherfor
comprehensive
incomeComprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive
income attributable to non-controllinginterests8

(3) Consolidated Statements of Changes in Equity
Fiscal period ended September 30, 2021 (April 1, 2021 to September 30, 2021)(Millions of yen)
Shareholders’ equity
Capital stock
Balance at beginning of current
periodCapital surplus

Retained earnings

6,880

7,882

9

9

Total shareholders’equityTreasury shares

125,460(883)

139,340

Changes of items during period
Issuance of new shares

19

Dividends of surplus(1,092)(1,092)

Profit attributable to ownersof parent

9,121

9,121

Purchase of treasury shares

(0)

(0)

Net changes of items otherthan shareholders’ equity
Total changes of items during
periodBalance at end of period

9

9

8,029

(0)

8,048

6,890

7,892

133,489(883)

147,388

Accumulated other comprehensive income

Balance at beginning of current
periodValuationdifference on
available-for-salesecurities

Foreign currencytranslation
adjustment

1

11

Total accumulated Subscription rights
to shares
othercomprehensive
income13381

Non-controllinginterests

Total net assets

398

140,132

Changes of items during period
Issuance of new shares

19

Dividends of surplus(1,092)

Profit attributable to ownersof parent

9,121

Purchase of treasury shares(0)

Net changes of items otherthan shareholders’ equity

8

(9)

(1)

58

18

75

Total changes of items during
period

8

(9)

(1)

58

18

8,123

Balance at end of period

10

1

11

439

416

148,256

9

Fiscal year ended September 30, 2022 (October 1, 2021 to September 30, 2022)(Millions of yen)
Shareholders’ equity
Capital stock
Balance at beginning of current
periodCapital surplus

Retained earnings

6,890

7,892

385

385

Total shareholders’equityTreasury shares

133,489(883)

147,388

Changes of items during period
Issuance of new shares

770

Dividends of surplus(2,191)(2,191)

Profit attributable to ownersof parent

14,111

14,111

Purchase of treasury shares

00

Disposal of treasury shares

17

301

318

Cancellation of treasury
shares

(37)

37

－

Net changes of items otherthan shareholders’ equity
Total changes of items during
periodBalance at end of period

385

364

11,919339

13,009

7,275

8,257

145,409(544)

160,397

Accumulated other comprehensive income

Balance at beginning of current
periodValuationdifference on
available-for-salesecurities

Foreign currencytranslation
adjustment

10

1

Total accumulated Subscription rights
to shares
othercomprehensive
income11439

Non-controllinginterests

Total net assets

416

148,256

Changes of items during period
Issuance of new shares

770

Dividends of surplus(2,191)

Profit attributable to ownersof parent

14,111

Purchase of treasury shares(0)

Disposal of treasury shares

318

Cancellation of treasury
shares－Net changes of items otherthan shareholders’ equity

5

20

25

(106)

(416)

(497)

Total changes of items during
period

5

20

25

(106)

(416)

12,511

Balance at end of period

15

21

37

333

－

160,76810

(4) Consolidated Statements of Cash Flows(Millions of yen)
Fiscal period ended September
30, 2021

Fiscal year ended September 30,
2022(Apr. 1, 2021 to Sep. 30, 2021)(Oct. 1, 2021 to Sep. 30, 2022)

13,88820,689220

480

Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
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 remuneration expenses
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for share-based
payment
Loss (gain) on sale of shares of subsidiaries andassociates
Increase (decrease) in advances received
Decrease (increase) in consumption taxes refund
receivable
Increase (decrease) in accrued consumption taxes
Other

27

9

29

13

(2)

(64)

350

627

(29)

(267)

54

(389)

24,151

6,204(4,997)

2,531

77

35

13

(4)

25

26

－

119

(596)

(462)

107

(1,916)

(585)

(612)

124

356

Subtotal

32,86027,375Interest and dividend income received
Interest expenses paid
Income taxes paid

2

272

(344)

(636)

(6,618)(7,135)

Net cash provided by operating activities

25,90019,875(699)(2,025)

58

3

(1)

(7)

－

16

(262)

(205)

Payments into time deposits
Purchase of shares of subsidiaries and associates
Decrease (increase) in short-term loans receivable
Other

(125)

(0)

0

－

Net cash provided by (used in) investing activities
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
Dividends paid to non-controlling interests
Net increase (decrease) in short-term loans payable
Repayments to non-controlling shareholders(1,069)2,658

Cash flows from investing activities
Purchase of non-current assets
Proceeds from sales of non-current assets
Purchase of investment securities
Proceeds from sale of shares of subsidiaries andassociates
Payments of loans receivable from subsidiaries andassociates

11

(40)

－

－

4,877

19,17741,457(26,938)(57,835)－

664(1,092)(2,191)－(210)(3,742)283(20)(1,182)Other(0)(0)

Net cash used in financing activities
Effect of exchange rate change on cash and cash
equivalents(12,616)(19,014)(1)

1

Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

12,2133,520

1287,70999,922

99,922

103,443

5. Other(1) Corporate officer changes
a. Change of Representative Directors
Not applicableb. Other officer changes (as of December 16, 2022)• Candidate for new outside Director (Standing Audit & Supervisory Committee member)
Toshihiro Abiko, Outside Director (Standing Audit & Supervisory Committee member)• Retiring outside Director (Standing Audit & Supervisory Committee member)
Toshiyuki Yukami, Outside Director (Standing Audit & Supervisory Committee member)(2) Orders and sales
Effective the fiscal period ended September 30, 2021, the fiscal year-end has been changed fromMarch 31 to September 30. For ease of comparison, the results for the same period a year ago(October 1, 2020 to September 30, 2021) are provided.

a.

Actual orders

The same period a year ago (October 1, 2020 to September 30, 2021)
Total amount of contracts
Name ofsegment

Category

Numberof units

Year onyear(Millions of yen)(%)
Studiocondominiums
Family-typecondominiums
Sale of hotel
Real estate sales
business

property
Detached houses
Usedcondominiums
Sale of other realestateTotal real estate sales businessAmountOutstanding balance of contracts
Year onyear

Numberof units(%)

Year onyear

Year onyear

Amount(Millions of yen)

(%)

(%)

4,902

110.7

78,612

102.8

1,953

61.2

29,455

57.7

1,739

100.6

72,206

107.9

1,078

94.2

47,174

102.7

252

122.9

4,063

73.3

－

－

－

－

124

127.8

4,625

139.3

42

67.7

1,857

89.9

341

172.2

4,981

170.4

43

187.0

644

189.6

2

－

7,841

36.1

1

－

6,325

235.5

7,360

110.6

172,332

97.4

3,117

63.9

85,45776.1

13

Fiscal year ended September 30, 2022 (October 1, 2021 to September 30, 2022)
Total amount of contracts
Name ofsegment

Category

Numb
er of
units

Year onyear

Real estate
sales businessYear
on yearAmount(Millions of yen)(%)

Outstanding balance of contracts
Numb
er of
units

(%)

Year onyear

AmountYear onyear(Millions of
yen)

(%)

(%)

Studiocondominiums

3,559

※72.6

61,338

※78.0

2,490

127.5

39,108132.8

Family-typecondominiums

1,617

93.0

65,294

90.4

1,213

112.5

48,605

103.0

Sale of hotel
property

－

－

－

－

－

－

－

－

Detached houses

182

146.8

7,422

160.5

25

59.5

1,255

67.6

Used
condominiums

521

152.8

7,431

149.2

77

179.1

1,182

183.5

Sale of other realestate

2

100.0

660

8.4

2

200.0

351

5.6

5,881

79.9

142,146

82.5

3,807

122.1

90,503105.9

Total real estate sales businessNotes:
1.

In the table above, “total amount of orders” has been replaced with “total amount of contracts.”

2.

Amounts of additional constructions are included in the above amounts.

3.

Number of units in total amount of contracts and the outstanding balance of contracts may fluctuate due tochanges in business plans and others.

4.

Until the last fiscal period ended September 30, 2021, sales of houses other than newly built condominiums,
including the used houses business and detached houses business, were presented under the category of “sale ofother type of housing.” Starting from the fiscal year ended September 30, 2022, however, they are now
presented under “detached houses” and “used condominiums.” In order to reflect the change in category, “saleof other type of housing” in the same period of the previous year has been reclassified under the current
presentation.

5.

Sale of other real estate refers to the sale of real estate other than housing, including commercial facilities,
commercial stores, and land for development.

6.

The total amount of contracts and outstanding balance of contracts for sale of other real estate in the same
period a year ago refer to commercial facilities, commercial stores and land for development. The total amountof contracts and outstanding balance of contracts for sale of other real estate in the fiscal year ended September
30, 2022 refer to commercial stores and land for development.

*

The total amount of contracts for studio condominiums in the fiscal year ended September 30, 2022 hasdecreased significantly compared with the same period of the previous year. This is mainly due to the nonrecurrence of large contracts of 14,495 million yen with two non-Group companies for 14 buildings (1,044
units) in the same period of the previous year.

14

b. Actual sales

Name ofsegment

Category
Numb
er of
units

The same period a year ago

Fiscal year ended September 30, 2022

(Oct. 1, 2020 to Sep. 30, 2021)(Oct. 1, 2021 to Sep. 30, 2022)

Year onyear

Amount(Millions of
yen)

(%)

Year on
year
(%)

Numb
er of
units

Year onyear

AmountYear onyear(Millions of
yen)

(%)

(%)

Studiocondominiums

6,138

125.0

100,244

112.7

3,022

※49.2

51,685※51.6

Family-typecondominiums

1,805

73.3

70,984

79.8

1,482

82.1

63,863

90.0

Sale of hotel
property

709

87.1

14,240

65.9

－

－

－

－

Detached houses

144

211.8

4,834

209.2

199

138.2

8,024

166.0

Used
condominiums

321

172.6

4,676

171.6

487

151.7

6,892

147.4

Sale of other realestate

1

－

4,202

21.0

1

100.0

6,634

157.9

Business
accompanying
real estate sale

－

－

1,356

143.0

－

－

999

73.7

Total real estate sales business

9,118

108.0

200,539

88.9

5,191

56.9

138,100

68.9

Other business

－

－

7,615

125.2

－

－

7,104

93.3

Annual total

9,118

108.0

208,155

89.9

5,191

56.9

145,205

69.8

Real estate
sales businessNotes:
1.

Amounts of additional constructions are included in the above amounts.

2.

Until the last fiscal period ended September 30, 2021, sales of houses other than newly built condominiums,
including the used houses business and detached houses business, were presented under the category of “sale ofother type of housing.” Starting from the fiscal year ended September 30, 2022, however, they are now
presented under “detached houses” and “used condominiums.” In order to reflect the change in category, “saleof other type of housing” in the same period of the previous year has been reclassified under the current
presentation.

3.

Sale of other real estate refers to the sale of real estate other than housing, including commercial facilities,
commercial stores, and land for development.

4.

Business accompanying real estate sale includes income from post-delivery optional construction work such as
floor coating and income from intermediation fees from real estate sales.

5.

Sale of other real estate in the same period of the previous year refers to commercial stores and land fordevelopment.
Sale of other real estate in the fiscal year ended September 30, 2022 refers to commercial facilities, commercial
stores, and land for development.

*

The sales of studio condominiums in the fiscal year ended September 30, 2022 decreased significantly
compared with the same period of the previous year. This was mainly because a large number of properties
were delivered to non-Group companies in the same period of the previous year.

15