Summary of Accounts for First Two Quarters of Fiscal Year Ending December 2018
(Japanese GAAP) (Consolidated)
August 8, 2018
Listing exchange: Tokyo Stock Exchange
URL: https://www.es-conjapan.co.jp
President & Representative Director
Senior Managing Director TEL: 06 (6223) 8055
August 8, 2018－No
Yes (for analysts)

Name of listed company: ES-CON JAPAN Ltd.
Code:
8892
Representative:(Name) Takatoshi Ito(Position)
Contact for inquiries:(Name) Minoru Nakanishi(Position)
Scheduled date for submission of periodic securities report:
Scheduled date for start of dividend payment:
Supplementary explanatory materials created for accounts? Yes/No:
Accounts briefing meeting held?
Yes/No:(Amounts are rounded down to the nearest million yen)

1.

Consolidated results for first two quarters of fiscal year ending December 2018 (from January 1, 2018 to June 30,
2018)(1) Consolidated operating results(% figures show the rate of increase (decrease) compared with the same period of the previous year)

Net sales
million yen

Operating income%

million yen

First two quarters of fiscal
24,636110.5
year ending Dec. 2018
First two quarters of fiscal
11,701(6.7)
year ended Dec. 2017
Note:
Comprehensive income
First two quarters of fiscal
year ending Dec. 2018:
2,139 million yen

million yen%

million yen

%

3,685

55.5

3,178

69.2

2,148

14.3

2,369

28.5

1,878

36.2

1,879

21.7

[14.1%]First two quarters of fiscal
year ended Dec. 2017:
1,874 million yen [21.6%]

Dilutedearnings per share

yen

yen

31.55

31.37

28.35

27.58

(2) Consolidated financial position
Total assets
First two quarters of fiscal
year ending Dec. 2018
Fiscal year ended Dec.
2017
Reference: Equity
First two quarters of fiscal
year ending Dec. 2018:
2.

%

Basic
earnings per shareFirst two quarters of fiscal
year ending Dec. 2018
First two quarters of fiscal
year ended Dec. 2017

Profit attributable toowners of parent

Ordinary income

Net assets

Equity ratio

Book value per share

million yen

million yen%

yen

102,10722,27221.8

326.3586,43521,43324.8

315.14

22,270 million yen

Fiscal year ended Dec.
2017:

21,432 million yen

Dividends
End ofsecond quarter

Annual dividend
End ofthird quarter

yen

yen

yen

yen

yen

Fiscal year ended Dec. 2017－－
Fiscal year ending Dec. 2018
Fiscal year ending Dec. 2018
(Forecast)(Note) Revisions from latest dividends forecast: None

0.00
0.00

－

18.00

18.00

－

26.00

26.00

End offirst quarter

3.

Year-end

Total

Consolidated earnings forecast for fiscal year ending December 2018 (from January 1, 2018 to December 31, 2018)(% figures for the full fiscal year show the rate of increase (decrease) compared with the previous period, and % figures for the
first two quarters show the rate of increase (decrease) compared with the same period of the previous fiscal year)

Operating income

Ordinary income

Profit attributable to
Basicowners of parent earnings per share

million yen%

million yen%

million yen%

yen

Full fiscal year
55,00023.0
11,30060.5(Note) Revisions from latest earnings forecast: None

10,200

70.3

7,000

28.3

102.68Net sales
million yen%

*Explanatory notes(1) Changes in significant subsidiaries during the first two quarters(Changes in specified subsidiaries resulting in change in scope of consolidation):
Newly included: － companies (Company name) －－ companies (Company name) －Excluded:None(2) Application of accounting treatments specific to preparation of quarterly consolidated financial statements:(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to amendment of accounting standards, etc.:
2) Changes in accounting policies other than 1):
3) Changes in accounting estimates:
4) Restatement:

None

Yes
None
None
None

(4) Number of shares issued and outstanding (common shares)
First two quarters
1) Number of shares issued and outstanding
71,631,387 Fiscal year ended 71,203,387
of fiscal year(including treasury shares) at end of period
shares Dec. 2017
sharesending Dec. 2018
First two quarters
3,390,900 Fiscal year ended 3,195,300
2) Number of treasury shares at end of period of fiscal year
shares Dec. 2017
sharesending Dec. 2018
First two quarters
First two quarters
68,107,551
66,301,091
3) Average number of shares during periodof fiscal yearof fiscal year
sharessharesending Dec. 2018
ended Dec. 2017
Note: The number of treasury shares at end of period includes ES-CON JAPAN shares held in a share-based
payment benefits trust for directors and a share-based payment benefits type ESOP trust (first two quartersof fiscal year ending December 2018: 543,200 shares in the share-based payment benefits trust for directors
and 234,300 shares in the share-based payment benefits type ESOP trust). In the calculation of the average
number of shares during period (cumulative total of first two quarters), the treasury shares to be subtracted
in that calculation includes ES-CON JAPAN shares held in the share-based payment benefits trust for
directors and the share-based payment benefits type ESOP trust (first two quarters of fiscal year ending
December 2018: 777,961 shares).
*This quarterly summary of accounts is not subject to quarterly review of certified public accountant or Audit
Corporation.

*

Explanation regarding appropriate use of earnings forecasts, and other notes
The earnings outlook and other forward-looking statements contained in this document are based on information
currently available to and certain assumptions that are thought to be reasonable by ES-CON JAPAN. Accordingly,
actual business performance and other results may differ materially due to various reasons. For the conditions
forming the assumptions on which earnings forecasts are based and explanatory notes for use of earnings forecasts,
etc., please see “Attachment; 1. Qualitative Information on Quarterly Results; (3) Explanation of Consolidated
Earnings Forecast and Other Forward-Looking Information” on page 4.

○Contents of Attachment
1. Qualitative Information on Quarterly Results ................................................................................................................... 2(1) Explanation of Operating Results ............................................................................................................................... 2(2) Explanation of Financial Position ................................................................................................................................ 3(3) Explanation of Consolidated Earnings Forecast and Other Forward-Looking Information ......................................... 4
2. Quarterly Consolidated Financial Statements and Key Notes ........................................................................................... 5(1) Quarterly Consolidated Balance Sheet ........................................................................................................................ 5(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income ...... 7(Quarterly Consolidated Statement of Income) .............................................................................................................. 7(Quarterly Consolidated Statement of Comprehensive Income) .................................................................................... 8(4) Notes to Quarterly Consolidated Financial Statements ............................................................................................ 10(Notes on Going Concern Assumption)........................................................................................................................ 10(Notes on Substantial Changes in the Amount of Shareholders’ Equity) ..................................................................... 10(Changes in accounting policies) ................................................................................................................................. 10
3. Other ............................................................................................................................................................................. 12
Status of Contracts and Sales ...................................................................................................................................... 12-1-

Attachment
1. Qualitative Information on Quarterly Results(1) Explanation of Operating Results
In the first two quarters, the Japanese economy showed potential to maintain a moderate recovery due in part tovarious governmental measures amid ongoing improvement in the employment and income situation yet was also ina state of clouded outlook as it is necessary to pay attention to uncertainties in overseas economies, including theprotectionist policies of the U.S. administration, U.K. negotiations on withdrawal from the European Union (EU) andU.S.-China trade friction, and the effects of fluctuations in the financial and capital markets.
The real estate industry in which the ES-CON JAPAN Group operates held resilient and firm due in part to lowinterest rates from monetary easing policies, but rise in land prices, intensification of competition over landacquisitions and other factors make it a state that warrants no optimism.
In the business environment described above, we proactively developed multifaceted businesses based on thesecond medium-term management plan “IDEAL to REAL 2019” which started from the fiscal year ended December
2017.
In the real estate sales business, which is the core business, revenue-generating real estate sales, etc. wereconducted, and steady progress was made in condominium sales, too.
In for-sale projects, projects with construction completed in the fiscal year ending December 2018 “Feel Garden
MinamiSenri (Suita City, Osaka Prefecture; 214 units in total),” “Le JADE Southern Gate Toyoda (Hino City, Tokyo; 51
units in total),” and “Le JADE Kawasaki (Saiwai Ward, Kawasaki City; 79 units in total) were completed and sold out,
and sales of new projects “Grand Le JADE Jiyugaoka (Meguro Ward, Tokyo; 23 units in total),” Le JADE Nakano(Nakano Ward, Tokyo; 25 units in total),” etc. started while projects scheduled for completion in the fiscal year ending
December 2018 “Le JADE Minamimorimachi (Kita Ward, Osaka City; 29 units in total)” and “Grand Le JADE Okamoto(Higashi-Nada Ward, Kobe City; 18 units in total)” contracted to sell out.
In the commercial development business, development of tonarie Yamato-Takada Development Project, a retailproperty in Yamato-Takada City, Nara Prefecture, has progressed smoothly and the first phase of its opening isscheduled for November 2018.
Furthermore, to promote diversification of for-sale projects, ES-CON JAPAN has participated in a reconstruction
project of “Le JADE Kuzuha (Hirakata City, Osaka Prefecture; 78 units in total)” as a member of condominium
reconstruction association and has launched a renovation project to transform a company dormitory into a
condominium - “Le JADE bio Funabashi Kitanarashino (Funabashi City, Chiba Prefecture; 50 units in total).” Moreover,
ES-CON JAPAN has launched a land readjustment project to develop a distribution center (Koga City, Fukuoka
Prefecture; total development area of approximately 80,000 tsubo) as well as a logistics project to develop a logistics
facility (Kato City, Hyogo Prefecture; building area of approximately 42,000 m2; scheduled to be completed in
September 2019).
Furthermore, with focus placed on hotel development projects incorporating inbound tourism needs in recent years,
16 projects (2,066 guestrooms) in Sapporo, Kanazawa, Tokyo, Osaka and Fukuoka are already under progress.
During this fiscal year, 6 projects in Chuo Ward, Osaka City, Chiyoda Ward, Tokyo and Kanazawa City, Ishikawa
Prefecture started operations, 2 projects were sold and 6 projects concluded sales contracts.
In this manner, ES-CON JAPAN acquired new business sites of four projects in the Tokyo metropolitan area, nineprojects in the Kinki area and two projects in other areas, to be used as the site for for-sale, commercial and othermultifaceted development in the first two quarters.
In the real estate leasing business, efforts are being made to secure stable rental income from and enhance asset
value of retail properties held by ES-CON JAPAN.
In the real estate planning agency and consulting business, focus is being placed as a business achieving highprofit margins through subcontracting, planning agency and consulting and other non-assets by leveraging theplanning and other strengths of ES-CON JAPAN.
A new goal to “realize the creation of new value and sustainable growth with the promotion of ESG” has been set in
the growth strategy in the second medium-term management plan “IDEAL to REAL 2019” and corporate value will beenhanced from the criteria of “environment, society and governance.”-2-

As a result, business performance for the first two quarters was net sales of 24,636 million yen (up 110.5% comparedwith the same period of the previous year), operating income of 3,685 million yen (up 55.5% compared with the same
period of the previous year), ordinary income of 3,178 million yen (up 69.2% compared with the same period of theprevious year) and profit attributable to owners of parent of 2,148 million yen (up 14.3% compared with the same
period of the previous year).
The following is the business performance by segment.
1)

Real estate sales businessIn the real estate sales business, activities included promoting condominium sales and selling real estate for saleand real estate for sale in process, resulting in net sales of 22,786 million yen (up 130.3% compared with the same
period of the previous year) and segment income of 3,889 million yen (up 42.4% compared with the same period of
the previous year).
2)

Real estate leasing businessIn the real estate leasing business, focus was placed on leasing activities and the property management businessin view of enhancement of asset value, including increase in rental income of owned revenue-generating real estate,
resulting in net sales of 1,525 million yen (down 13.7% compared with the same period of the previous year) andsegment income of 932 million yen (up 8.7% compared with the same period of the previous year).
3)

Real estate planning agency and consulting businessIn the real estate planning agency and consulting business, proactive efforts were made in such aspects as

entrustment with planning, consulting and other services by making best use of planning and multifaceted businessbuilding abilities, resulting in net sales of 324 million yen (up 755.9% compared with the same period of the previousyear) and segment income of 308 million yen (up 733.3% compared with the same period of the previous year).
(2) Explanation of Financial Position
1) Financial position
Assets at the end of the first two quarters increased by 15,672 million yen compared with the end of the previous
fiscal year to 102,107 million yen. This was mainly attributable to inventories increasing by 14,115 million yen.
Liabilities increased by 14,833 million yen compared with the end of the previous fiscal year to 79,835 million yen.
This was mainly attributable to long-term loans payable, short-term loans payable and bonds payable increasing by
14,493 million yen.
Net assets increased by 838 million yen compared with the end of the previous fiscal year to 22,272 million yen.
This was attributable to cash dividends paid of 1,238 million yen and purchase of treasury shares of 131 million yen,
yet recording profit attributable to owners of parent of 2,148 million yen. As a result, equity ratio was 21.8% (24.8%
at the end of the previous fiscal year).
2)

Cash flows
Cash and cash equivalents (“net cash”) at the end of the first two quarters increased by 2,844 million yen comparedwith the beginning of the fiscal year to 13,489 million yen (7,192 million yen at the end of the same period of theprevious fiscal year).
The following outlines the cash flows and the factors of changes in cash flows in the first two quarters.
(Cash flows from operating activities)
Cash flows from operating activities decreased by 10,465 million yen (net cash used in operating activities of
23,130 million yen in the same period of the previous fiscal year). This was mainly attributable to quarterly profit
before income taxes of 3,174 million yen and increase in inventories of 13,528 million yen.
(Cash flows from investing activities)
Cash flows from investing activities increased by 134 million yen (7,456 million yen used in investing activities inthe same period of the previous fiscal year). This was mainly attributable to proceeds from guarantee deposits
received, etc. amounting to net proceeds of 234 million yen.

-3-

(Cash flows from financing activities)
Cash flows from financing activities increased by 13,175 million yen (14,674 million yen provided by financing
activities in the same period of the previous fiscal year). This was mainly attributable to proceeds from andrepayments of long-term loans payable and short-term loans payable amounting to net proceeds of 14,313 million yen,
payment of cash dividends of 1,236 million yen and purchase of treasury shares of 131 million yen.
(3) Explanation of Consolidated Earnings Forecast and Other Forward-Looking Information
Concerning the consolidated earnings forecast, ES-CON JAPAN has revised upward the consolidated earnings
forecast for the full fiscal year because the real estate sales business it promotes is favorable and the profit margin ishigher than initially expected, making the profit likely to exceed the initial forecast. As a result, ES-CON Japan
expects to achieve record profit attributable to owners of parent for the second consecutive fiscal year.
ES-CON JAPAN plans to increase the dividend by six yen per share. As a result, the forecast dividend payout ratio
has also been changed from 22.7% to 25.0%.
For further details, please refer to “Notice on Revision of Full-Year Consolidated Earnings Forecast and Dividend
Forecast for Fiscal Year Ending December 2018” announced on June 29, 2018.

-4-

2. Quarterly Consolidated Financial Statements and Key Notes(1) Quarterly Consolidated Balance Sheet

Fiscal year ended
Dec. 2017(as of Dec. 31, 2017)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Real estate for sale
Real estate for sale in process
Supplies
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-5-(Unit: million yen)First two quarters offiscal year ending
Dec. 2018(as of Jun. 30, 2018)

10,667497
4,162
60,0570
5,118
80,504

13,534365
4,865
73,4700
5,073
97,310

1,476
(410)
1,066
623
147
(107)
39
1,729

1,492
(435)
1,057
623
148
(106)
42
1,722

28
28

23
23

4,177
(4)
4,173
5,930
86,435

3,055
(4)
3,050
4,796
102,107

Fiscal year ended
Dec. 2017(as of Dec. 31, 2017)
Liabilities
Current liabilities
Short-term loans payable
Current portion of long-term loans payable
Current portion of bonds
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Provision for directors’ share-based benefits
Provision for share-based benefits
Asset retirement obligations
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
Total accumulated other comprehensive income
Subscription rights to shares
Total net assets
Total liabilities and net assets-6-(Unit: million yen)First two quarters offiscal year ending
Dec. 2018(as of Jun. 30, 2018)

1,953
22,46240
467
7,740
32,664

6,425
25,38140
10
8,530
40,387110
31,87482
18
93
158
32,33765,002290
38,797
98
20
100
140
39,44879,835

6,224
1,953
14,322(1,089)21,411

6,258
1,987
15,232(1,220)22,25820
20
121,43386,43511
11
1
22,272102,107(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income(Quarterly Consolidated Statement of Income)(Unit: million yen)First two quarters ofFirst two quarters offiscal year ended
fiscal year ending
Dec. 2017
Dec. 2018(from Jan. 1, 2017(from Jan. 1, 2018
to Jun. 30, 2017)
to Jun. 30, 2018)
Net sales
11,701
24,636
Cost of sales
7,893
18,299Gross profit
3,807
6,336
Selling, general and administrative expenses
1,437
2,651
Operating income
2,369
3,685
Non-operating income
Interest income
00Dividend income
22
Penalty income
14
6
Other
1
1
Total non-operating income
189Non-operating expenses
Interest expenses
506
492
Other
2
24
Total non-operating expenses
509
516
Ordinary income
1,878
3,178
Extraordinary income－
Gain on sales of non-current assets
11－
Gain on reversal of subscription rights to shares
0
Total extraordinary income
110Extraordinary losses
Loss on retirement of non-current assets
04
Total extraordinary losses
04Profit before income taxes
1,889
3,174
Income taxes - current
21
14
Income taxes - deferred
(11)
1,011
Total income taxes
10
1,026
Profit1,879
2,148
Profit attributable to owners of parent
1,879
2,148

-7-

(Quarterly Consolidated Statement of Comprehensive Income)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests-8-First two quarters offiscal year ended
Dec. 2017(from Jan. 1, 2017
to Jun. 30, 2017)
1,879(Unit: million yen)First two quarters offiscal year ending
Dec. 2018(from Jan. 1, 2018
to Jun. 30, 2018)
2,148

(4)
(4)
1,874

(8)
(8)
2,139

1,874
－

2,139
－

(3) Quarterly Consolidated Statement of Cash FlowsFirst two quarters offiscal year ended
Dec. 2017(from Jan. 1, 2017
to Jun. 30, 2017)
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in provision for directors’ share-based
benefits
Increase (decrease) in provision for share-based benefits
Interest and dividend income
Interest expenses
Loss (gain) on sales of non-current assets
Loss on retirement of non-current assets
Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in inventories
Decrease (increase) in prepaid expenses
Increase (decrease) in accounts payable - other
Decrease/increase in consumption taxes receivable/payable
Increase (decrease) in advances received
Increase (decrease) in deposits received
Decrease (increase) in other assets
Increase (decrease) in other liabilities
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes (paid) refund
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Purchase of investment securities
Proceeds from withdrawal of investment securities
Purchase of non-current assets
Proceeds from sales of non-current assets
Payments for asset retirement obligations
Collection of loans receivable
Proceeds from guarantee deposits received
Repayments of guarantee deposits received
Payments for investments in capital
Net cash provided by (used in) investing activities
Cash flows from financing activities
Increase in short-term loans payable
Decrease in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from issuance of bonds
Redemption of bonds
Repayments of lease obligations
Repayments of installment payables
Proceeds from issuance of common shares
Purchase of treasury shares
Cash dividends paid
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period-9-(Unit: million yen)First two quarters offiscal year ending
Dec. 2018(from Jan. 1, 2018
to Jun. 30, 2018)

1,889
99

3,174
39

11

15

1
(2)
506
(11)
0
(231)
(25,450)
(911)
1,165
320
774
(23)
(537)
2
(22,394)
2
(628)
(110)
(23,130)

2
(2)
492
－
4
131
(13,528)
(139)
(577)
(208)
1,513
(171)
(231)
(68)
(9,555)
2
(508)
(404)
(10,465)

(9)
(583)
8
(101)
8,464
(0)
0
394
(712)
(4)
7,456

(9)
(110)
8
(45)
73
－
0
336
(101)
(17)
134

9,665
(7,411)
29,606(15,769)
－
(20)
(2)
(16)
68
(429)
(1,015)
14,674
(999)
8,191
7,192

6,461
(1,989)21,113(11,270)
200
(20)
(0)
(16)
67
(131)
(1,236)
13,175
2,844
10,644
13,489(4) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumption)
Not applicable.
(Notes on Substantial Changes in the Amount of Shareholders’ Equity)
In the first two quarters, there were share-based payments of 900 shares to eligible parties from the share-based
payment benefits type ESOP trust. In addition, purchase of treasury shares of 196,500 shares was made byresolution at the meeting of the board of directors held on December 1, 2017. As a result, treasury shares increased
by 130 million yen, resulting in treasury shares at the end of the first two quarters of 1,220 million yen.
(Changes in accounting policies)(Application of Practical Solution on Transactions Granting Employees and Others Stock Acquisition Rights, which
Involve Considerations, with Vesting Conditions)
By applying “Practical Solution on Transactions Granting Employees and Others Stock Acquisition Rights, which
Involve Considerations, with Vesting Conditions” (Practical Issues Task Force (PITF) No. 36, January 12, 2018; the“PITF No. 36”), etc. on and after April 1, 2018, transactions granting employees and others stock acquisition rights,
which involve considerations, with vesting conditions will be treated in accordance with “Accounting Standard for
Share-based Payment” (Accounting Standards Board of Japan “ASBJ” Statement No. 8, December 27, 2005).
However, application of PITF No. 36 follows transitional treatment set forth in Paragraph 10-(3) of PITF No. 36, andtransactions granting employees and others stock acquisition rights, which involve considerations which took placeprior to the date of application date are treated in accordance with the former accounting treatment.

- 10 -

(Segment Information, etc.)[Segment Information]
I. First Two Quarters of Fiscal Year Ended December 2017 (from January 1, 2017 to June 30, 2017)
1. Information on Net Sales and Income or Loss Amounts by Reporting Segment(Unit: million yen)Amount onquarterly
Reconciliation consolidated(Note 1)statement ofincome(Note 2)

Reporting segment
Real estatesales
business

Real estateleasingbusiness

Real estateplanning agency
and consulting
business

9,895

1,768

37

11,701－

11,701

－

－

－

－

－

－

9,895

1,768

37

11,701－

11,701

2,732

857

37

3,626

(1,256)

2,369

Total

Net sales
Net sales toexternal customers
Intersegment net
sales or transfers
Total
Segment income(Note 1) The reconciliation of segment income of -1,256 million yen is corporate expenses not attributable to any
reporting segment. Corporate expenses are general and administrative expenses not attributable to reporting
segments.
(Note 2) Segment income is reconciled with operating income on the quarterly consolidated statement of income.
2. Information on Impairment Loss on Non-Current Assets or Goodwill, etc. by Reporting Segment
Not applicable.
II. First Two Quarters of Fiscal Year Ending December 2018 (from January 1, 2018 to June 30, 2018)
1. Information on Net Sales and Income or Loss Amounts by Reporting Segment(Unit: million yen)Amount on
Reporting segment
quarterly
Real estate
Reconciliation consolidated
Real estate
Real estate
Total(Note 1)statement ofplanning agency
sales
leasingand consulting
incomebusinessbusinessbusiness(Note 2)
Net sales
Net sales toexternal customers
Intersegment net
sales or transfers
Total
Segment income

22,786

1,525

324

24,636－

24,636

－

－

－

－

－

－

22,786

1,525

324

24,636－

24,636

3,889

932

308

5,130

(1,445)

3,685(Note 1) The reconciliation of segment income of -1,445 million yen is corporate expenses not attributable to any
reporting segment. Corporate expenses are general and administrative expenses not attributable to reporting
segments.
(Note 2) Segment income is reconciled with operating income on the quarterly consolidated statement of income.
2. Information on Impairment Loss on Non-Current Assets or Goodwill, etc. by Reporting Segment
Not applicable.

- 11 -

3. Other
Status of Contracts and Sales
The performance of contracts in the real estate sales business for the first two quarters is as follows:First two quarters of fiscal year ending Dec. 2018(from Apr. 1, 2018
to Jun. 30, 2018)
Classification
Contract amount during the period
Number of units(units)Amount(million yen)

Balance of contracts at the end of the period
Number of units(units)Amount(million yen)

Mid- to high-risehousing, etc.

176

8,530

220

11,599Other－

21,470－24,380176

30,000220

35,979Total(Note)

The above amounts do not include consumption tax, etc.

The main performance of sales by segment for the first two quarters is as follows:First two quarters of fiscal year ending Dec. 2017(from Jan. 1, 2018
to Jun. 30, 2018)

Name of segment

Number of units(units)Property nameCondominiums

Amount(million yen)

371

15,621－

2,030

31 Wakamatsucho, Shinjuku-ku

－

1,968

Minami-Senba III, Chuo-ku

－

1,850

－

1,317

371

22,786

Horikawashinmachi,
Kanazawa-shi
Real estate sales business5-chome, Sendagaya,
Shibuya-ku
Subtotal
Real estate leasing business

1,525Real estate planning agency
and consulting business

324
Total

(Note 1) There are no transactions between segments.
(Note 2) The above amounts do not include consumption tax, etc.

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24,636