February 7, 2019
To whom it may concern
Company name:
Listing:
Section code:
URL:
Representative:
Contact:

Pressance Corporation Co., Ltd.
First Section of the Tokyo Stock Exchange3254
https://www.pressance.co.jp/
Shinobu Yamagishi, President and Representative Director
Yutaka Doi, Vice President and Director
TEL+81-6-4793-1650

Upward Revision of the results forecast and dividend forecast
The company hereby announces that it has revised the results forecast and dividend forecast for the term
ending March 2019 announced on May 10, 2018, based on recent trends in results, as follows.

1. Revision of the results forecasts(1) Revision of consolidated results forecasts for the full-term ending March 2019 (April 1, 2018 - March31, 2019)

Sales

Operatingprofit

Ordinary profit

Net profit
attributable toparentcompany
shareholders

Million yen

Million yen

Million yen

Million yen

Net earnings
per shareYen

Sen

Previously announcedforecast(A)

152,471

24,541

23,661

16,132269.09

Revised forecast(B)

157,851

27,014

26,24817,856289.32

(B-A)

5,380

2,472

2,586

1,723(%)

3.5

10.1

10.9

10.7

(Reference) Result for the last term
(term ended March 31, 2018)

134,059

20,362

19,85813,757

ChangeRate of change

232.58(2) Revision of non-consolidated results forecast for the full-term ending March 2019 (April 1, 2018 - March
31, 2019)
Sales

Ordinary profit

Net profit

Net earnings
per share

Million yen

Million yen

Million yen

Yen

Sen

Previously announcedforecast(A)

138,820

17,532

12,119202.15

Revised forecast(B)

144,072

19,73813,643221.06

(B-A)

5,252

2,206

1,524(%)

3.8

12.6

12.6

123,994

16,875

11,944

ChangeRate of change(Reference) Result for last term (termended March 31, 2018)

201.93

(3) Reason for revision
With regard to the results forecast for the term ending March 2019, the sales of both studio and familytype condominiums has continued to be strong, and the number of units sold during this fiscal year isforecast to increase. In addition, we have sold one hotel, which was planned for sale in the next fiscal year
and have sold a piece of land acquired for the construction of condominiums before starting construction.
Due to these factors, sales and gross profits are expected to increase above their initial forecast, and selling,general and administrative expenses are expected to fall below their initial forecast. Because of the above,
profits at each level below operating profit are expected to be above initial forecasts.
As a result of revising the sales forecasts based on the cumulative results to the third quarter of thisterm, we are revising upwards the full-term consolidated and non-consolidated business forecasts
announced on May 10, 2018 as above.
(Note) The forecasts above have been prepared based on the information available at the time of presentationof this document, and actual results may differ from the forecast figures due to various future factors.

2. Revision of the dividend forecast(1) Reason for revision
The company group positions the return of profits to shareholders as an important management issue
and has raised “Increasing the dividend payout ratio to 20% in stages by the term ending March 2023” asone of its medium-term management goals. Furthermore, in consideration of balance with retained
earnings for future business development, our basic policy on the distribution of profits is to implement
stable dividends continuously twice a year as an interim dividend and year-end dividend.
In addition to the upward forecasts for the term ending March 2019 being expected to be above initial
forecasts, giving overall consideration to the outlook for the future management environment, etc., andthe expansion of returns to shareholders, etc., we have revised the term-end dividend forecast from the 17
yen 50 sen announced on May 10, 2018 by 5 yen 50 sen to 23 yen. The total annual dividend is now
forecast at 40 yen 50 sen per share.
(2) Details of dividend forecast revision
Annual dividend
Reference dateEnd of 2nd quarterEnd of term

Total

Previously announcedforecast

17 yen 50 sen

35 yen 00 sen

Current dividend forecast

23 yen 00 sen

40 yen 50 sen

16 yen 90 sen

29 yen 40 sen

Current term result

17 yen 50 sen

Previous term result (termended March 2018)12 yen 50 sen(Notes)- The English version of Consolidated Financial Results is scheduled for disclosure on TDNET on oraround February 12.
- The English version of Financial Highlights is scheduled for disclosure on the Company’s website onor around February 15.