JPX Section Code: 3254
• JPX Nikkei Index 400 component• JPX Nikkei Mid and Small Cap
Index component

Released on May 13, 2022

Upward Revision to FY’22/9 1H and Full-Year Earnings Forecasts
Reasons for revision

1H (million yen)
Beforerevision

Afterrevision

Net sales

66,42771,700

5,273

7.9%

Operating profit

8,796

10,900

2,104

23.9%

Ordinary profit

8,377

11,100

2,723

32.5%

Net income

4,988

6,900

1,912

38.3%

Change%・Revision to the earnings forecasts for 1H was released on May 9.

Net sales
Operating profit

140,834
16,063Afterrevision
142,500
18,000Change
1,666
1,937

・SG&A expenses: Selling expenses were curbed
due to strong sales, and general and administrative
expenses remained lower than the initial forecast.
・As a result, operating profit, ordinary profit and net
income are expected to exceed the initial forecast.
Full-year earnings outlook by core product

Full year (million yen)
Beforerevision・Net Sales: Deliveries to customers that wereinitially planned for 2H were partially brought
forward, resulting in a shift in sales from 2H to 1H.

%
1.2%
12.1%（million yen）

140,834

142,500

Net sales

4,704

6,983

8,106

8,123

62,61463,51850,687

49,637

Before revision

After revision

Usedcondominiums
Detached house

Ordinary profit
Net income

15,2059,829

17,80011,700

2,595
1,871

17.1%
19.0%

• Revision to the full-year earnings forecasts was released on May 13.
From the next page onwards, the full-year plan uses revised values.

Family-type
Condominiums
Studiocondominiums

1Consolidated Income Statement Summary
Although sales, profits and net income declined YoY, results for the first six months of FY’22/9 outpaced the plan.
* YoY change was calculated by comparing the results for the first six months of FY’22/9 with the results for the six months from October 1 toMarch 31 of FY ’20/3 and FY ’21/3 since we have changed the fiscal year-end in the previous fiscal period.
Last six months
of FY'20/3
Oct.1 to Mar. 31, '20
results
AmountComposition(million yen)ratio

Last six months
of FY'21/3
Oct.1 to Mar. 31, '21
results
AmountComposition(million yen)ratioFirst six monthsof FY'22/9
Oct. 1 to Mar. 31, '22
results
Amount A
Composition*YoY(million yen)ratio

Revised Full-Year Plan
for FY’22/9
Oct, 1 to Sep. 30, '22
plan
Amount B
Composition(million yen)ratio

Net sales

98,628100.0%

108,402100.0%

71,785100.0%

66.2%

142,500

100.0%

50.4%

Cost of sales

79,95781.1%

88,77481.9%

53,012

73.8%

59.7%

108,500

76.1%

48.9%

Gross profit

18,671

18.9%

19,62718.1%

18,772

26.2%

95.6%

34,000

23.9%

55.2%

SG&A Expenses

9,731

9.9%

8,179

7.5%

7,783

10.8%

95.2%

16,000

11.2%

48.6%

Operating profit

8,939

9.1%

11,448

10.6%

10,988

15.3%

96.0%

18,000

12.6%

61.0%

Ordinary profit

8,586

8.7%

10,663

9.8%

11,17815.6%

104.8%

17,800

12.5%

62.8%

Net income

6,232

6.3%

7,763

7.2%

6,907

9.6%

89.0%

11,700

8.2%

59.0%

Achievementratio(%)
A/B

2Note: The results for 2H of FY’20/3 and FY’21/3 were calculated by simply subtracting the results for 1H of each fiscal year from the full-year results.
Year-on-Year change:• Net sales: The number of completions of newly built condominiums decreased in FY’22/9. In addition, hotel sales ended in the previous fiscal period.
• Gross margin: Up 8.1 pt
Factors: Differences in product mix, more projects with higher profit margins in FY’22/9, valuation loss recorded in the same period of FY’21/3, etc.
• SG&A expenses: Decrease in selling expenses due to lower sales, decrease in general and administrative expenses
Comparison of results and plan:• The number of units sold outpaced the plan mainly due to the front-loading of deliveries, and sales, profits and net income ended up exceeding the plan.
• Full-year plan (full-year earnings forecasts) was revised upward.

2

Sales Result of Core Products
Last six months *of FY'20/3
Oct.1 to Mar. 31, '20
No. of units
Units
YoY

Core Products

Last six months*of FY'21/3
Oct.1 to Mar. 31, '21

AmountmillionYoYyen

No. of units
Units
YoY

First six months
of FY’22/9
Oct. 1 to Mar. 31, '22

AmountmillionYoYyen

No. of units
Units
YoY

Revised Planfor FY’22/9
Oct, 1 to Sep. 30, '22

Amountmillion
YoY
yenA

AmountmillionAchievementyen
ratio (%)
B
A/B

StudioCondominiums

2,178

197.6% 41,127

224.8% 3,214147.6% 52,026

126.5% 1,588

49.4% 27,243

52.4%

49,637

54.9%

Family-type
Condominiums

707

161.0% 25,822

167.8%

939

132.8% 36,601

141.7%

702

74.8% 29,315

80.1%

63,51846.2%

Detached houses

39

487.5%

1,303

454.1%

69

176.9%

2,299

176.4%

55

79.7%

2,276

99.0%

8,123

28.0%

Used condominiums

108203.8%

1,606

218.0%

172

159.3%

2,479

154.4%

193

112.2%

2,765

111.5%

6,983

39.6%

Total

3,032

57.8% 61,601

65.9%

128,26348.0%

189.3% 69,859

201.3% 4,394

144.9% 93,407

133.7% 2,538* Note: The results for 2H of FY’20/3 and FY’21/3 were calculated by simply subtracting the results for 1H of each fiscal year from the full-year results.

Year-on-Year change: Sales of studio condos and family-type condos fell as fewer properties were completed and delivered.
• Studio condominiums:
Down 1,626 units, with sales down 24,782 million yen• Family-type condominiums: Down 237 units, with sales down 7,286 million yen• Detached houses:
Down 14 units, with sales down 22 million yen• Used condo:
Up 21 units, with sales up 285 million yen
Comparison of results and plan: The number of units sold of studio condominiums and family-type condominiums were above the plan.
• The number of units sold in 1H increased because the sales of some properties that were initially planned to be sold in 2H werebrought forward to 1H.
3

Consolidated Balance Sheet Summary
As of March 31, 2021
Amounts(million yen)

Current AssetsCash and deposits
Real estate for sale
Real estate for sale in process
Non-current Assets
Total Assets
Current Liabilities
Short-term liabilities with interest
Non-current Liabilities
Long-term liabilities with interest
Total Liabilities
Total Net Assets
Total Liabilities and Net Assets

249,040
90,7998,538
142,143
19,722
268,762
81,34456,98047,284
46,469128,629
140,132
268,762

Composition
ratio

92.7%
33.8%
3.2%
52.9%
7.3%
100.0%
30.3%
21.2%
17.6%
17.3%
47.9%
52.1%
100.0%

As of Sep 30, 2021
Amounts(million yen)

Composition
ratio

237,376
103,138
23,491
102,347
18,648
256,024
54,131
39,14853,637
52,798
107,768
148,256
256,024

92.7%
40.3%
9.2%
40.0%
7.3%
100.0%
21.1%
15.3%
21.0%
20.6%
42.1%
57.9%
100.0%

As of March 31, 2022
Amounts(million yen)

233,561
107,168
14,269107,443
19,023
252,585
35,91021,576
62,40261,80998,312
154,272
252,585

Composition
ratio

92.5%
42.4%
5.6%
42.5%
7.5%
100.0%
14.2%
8.5%
24.7%
24.5%
38.9%
61.1%
100.0%

Change(million yen)

▲3,814
4,030▲9,221
5,096375▲3,439▲18,220▲17,572
8,765
9,011▲9,455
6,016▲3,439Major Factors of Change: Changes from September 30, 2021
Current Assets: Cash and deposits up 4,030 million yen, Real estate for sale down 9,221 million yen, Real estate
for sale in process up 5,096 million yen, Short-term loans receivable down 3,960 million yen
Liabilities:
Bank loans payable down 8,560 million yen
Total Net Assets: Recorded net income of 6,907 million yen
Equity Ratio:
60.9% (Up 3.3 pt from September 30, 2021)*Details of inventory in the red frame in the matrix above are provided on the next page.
4Land Inventory as of March 31, 2022
Breakdown of inventory(million yen)
Land Costs in CoreProducts

Other Land Costs

Construction Costs

Total(The numbers in the redframe on the previous page)

4,393

331

9,545

14,269Real estate for sale in process

83,225835

23,382

107,443

Total

87,6181,167

32,927

121,713

Real estate for sale

Breakdown of Inventory and Land Costs by Core ProductAmount: 87,618 million yen
Studio36,858

10Family-type
45,37050,000Units: 12,611
Detached
housesStudio7,516units

15,390100,000

0

5,000

Family-type
4,811units

Detached
houses284units

10,00015,0005

Prospects for Achieving FY’22/9 Core Products Sales Plan & Outstanding Orders (Contracts) <as of Apr. 1, 2022>
Total outstanding balance
Breakdown by delivery timing
Outstanding balanceof contracts
During FY’22/9
FY'23/9 or laterof contracts
A＋B
Scheduled Delivery A Scheduled Delivery B
as of Mar. 31, 2022 Number
AmountNumberAmountNumberAmountof units(million yen)of units(million yen)

637

11,437 1,391

19,62551,905643

29,413553

22,491

60

2,594

60

2,594

0080

1,12580

1,125

000

499

0499

0

0

45,069 1,944

42,116

Studio Condo

2,028

31,062

Family-type Condos

1,196

Detached Houses
Used Condos
Sales of other real estate

Total

Progress inAnnual Sales
Plan

3,364

87,186 1,420•

Normally, outstanding orders are transferred to sales
when properties are completed and delivered to customers.

Progress to "Revised" Fullyear Sales Forecasts (E)at end of 2Q

NumberAmountof units (million yen)

NumberAmountof units (million yen)

Numberof units

Amount E(million yen)

Progress rate
D/E

49,637

77.9%
92.5%
60.0%
55.7%
100.0%
83.6%

Amount(million yen)

637

11,437＝ 2,225

29,315643

29,413

1,345

58,72963,518

55

2,276

60

2,594

115

4,870

8,123

193

2,765

80

1,125

273

3,890

6,983

1

6,135

0

499

1

6,634

6,634

2,539

67,736

1,420

45,0693,959

112,805

134,897702

Detached Houses

Total

Buildings under construction and yet to be delivered
Completed sales contracts• Uncompleted transfer of property (before buyers’registration)•

Sales Results
at end of 2Q, FY'22/9
CFamily-type Condos

Sales of other real estate

Outstanding balance of contracts represents sum of property
contract proceeds with the following status.

Sales Results & Sales
to Be Posted within
FY'22/9 at end of 2Q
D =C+A

27,243

Used Condos(million yen)

83.6% of sales for FY’22/9
based on 2Q sales results (C) and the outstandingorders that are scheduled for delivery and to beposted as sales within FY’22/9 (A).

Orders Scheduled forDelivery and to be
Posted as Saleswithin FY'22/9 A

1,588

Studio Condoof units

At the end of 2Q of FY’22/9 (March 31, 2022),
compared with the full-year sales forecasts,
we have already secured+38,681

÷

6PREFUN: Real Estate Crowdfunding for Used Investment Condominiums
Soldin the past

Procurement
Owner
Existing customers

Resident
Pressance Condominiums
Studio condominiums
for investment◼ Application Results

Rent feeAmount of condos soldPreferred investment: about 70%

PREFUN
Crowdfunding
managed by
Pressance RealtaCo., Ltd.

(After end of the fund management)

Nearest Station

Osaka 2 minutes on foot from Morinomiya Station, JR Osaka Loop Line, Osaka
City Metro Nagahori Tsurumi-ryokuchi Line and Chuo LineOsaka
21 minute on foot from Tamatsukuri Station, JR Osaka Loop LineCity
Nagoya 1 minute on foot from Kokusai Center-mae Station, Sakura-dori Line
3City (subway)
Kyoto
4
3 minutes on foot from Gojo Station, Karasuma Line (subway)
City
Nagoya 5 minutes on foot from Kokusai Center-mae Station, Sakura-dori Line
5City (subway)
Osaka 2 minutes on foot from Namba Station, JR Kansai Main Line
6City 3 minutes on foot from Namba Station, Osaka Metro Yotsubashi Line
Osaka 2 minutes on foot from Temma Station, JR Osaka Loop Line
7
City 3 minutes on foot from Ogimachi Station, Osaka Metro Sakaisuji LineOsaka
8
3 minutes on foot from Daikokucho Station, Osaka Metro Midosuji Line
CityOsaka 4 minutes on foot from Nagahoribashi Station, Nagahori Tsurumi-ryokuchi
9City Line and Sakaisuji Line, Osaka MetroOsaka
10
3 minutes on foot from Nakazakicho Station, Osaka Metro Tanimachi Line
City
1

Preferred distributions

Investor

Investment in capital
Pressance Realta
Co., Ltd.

Subordinated investment: about 30%
Subordinated distributions

Our wholly-owned
subsidiary

Investment in capital
Application
PeriodTarget
AmountAmountRaised(million yen) (million yen)

Nov. 1 to 21,2021
Dec. 1 to 14,2021
Jan. 5 to 19,2022
Jan. 26 to Feb. 9,2022
Feb. 17 to 23,2022
Mar. 3 to 9,2022
Mar. 24 to 30,
2022
Apr. 7 to 20,2022
Apr. 28 to May 4,2022
May 12 to 18,2022* Since the application target was limited to newly registered members, the ratio was low.

Application
Ratio(times)Situation

7.91

64.41

8.14 in operation

8.54

65.46

7.67 in operation

8.96

90.46

10.10 in operation

9.92

118.4411.94 in operation

10.35

123.4611.93 in operation

9.90

130.81

13.21 in operation

10.35

126.3912.21 in operation

19.98

96.57

*4.83 in operation

11.34

136.95

12.08

11.00

--application
closedapplicationis ongoing7

Our Market Position (based on the number of units supplied in 2021)
Condominium supply (sales) results from Jan. 1, ’21 to Dec. 31, ’21
The table below was created by the Company based on "Real Estate Economic Institute Co., Ltd. Research Data."
Area
Our ranking

Kinki

Tokai/Chukyo

Total

Ranked No. 1 for 12
consecutive years

Ranked No. 1 for 10
consecutive years

Ranked No. 3

Our supply results

2,453 units

1,320 units

3,950 units

Total number of units
supplied

18,951 units

7,481 units

77,552 units

12.9%

17.6%

5.1%

Our market share*

Top 5
ranking in
the numberof units
supplied

No. 1

Pressance
Corporation

2,453
units

Pressance
Corporation

1,320units

Nomura Real Estate
Development

4,014
units

No. 2

Kanden Realty &Development

1,145
units

Eslead Corporation

1,194units

Mitsui Fudosan
Residential

3,982units

No. 3

Nissho Estem

1,073units

Open HouseDevelopment

655units

Pressance
Corporation

3,950units

No. 4

Eslead Corporation

1,004units

Nissho Estem394units

Daiwa House
Industry

3,634
units

No. 5

Sumitomo Realty &Development

825
units

Nomura Real
Estate Development

355
units

Mitsubishi Estate
Residence

2,214
units

*Calculated by the Company based on "Real Estate Economic Institute Co., Ltd. Data released on February 24, 2022.”8Pressance Corporation Co., Ltd.
(Note) Prospective numbers listed in the earnings outlook and other materials are based on information available at the time ofdisclosure and largely contain uncertain factors. The actual results may be different depending on changes in business.

Contact for inquiries
IR Section of Management Division, Pressance Corporation
Tel: 06-4793-1650 (main)
E-mail: psc@pressance.co.jp

Fax: 06-4793-1651