Summary of Accounts for First Quarter of Term Ending December 2020
(Japanese GAAP) (Consolidated)
April 28, 2020
Listing exchange: Tokyo Stock Exchange
URL: https://www.es-conjapan.co.jp
President & Representative Director
Senior Managing Director TEL: 06 (6223) 8055
April 28, 2020－
No
No

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 quarter of term ending December 2020 (from January 1, 2020 to March 31, 2020)(1) Consolidated operating results(% figures show the rate of increase (decrease) compared with the same period of the previous year)

Net sales

Operating income

million yen%

million yen

Profit attributable toowners of parent

Ordinary income%

million yen%

million yen%

First quarter of
42,196
116.6
9,678
198.1
9,329
220.1
6,439
term ending Dec. 2020
First quarter of
19,485
5.8
3,246
18.4
2,914
16.4
2,012
term ended Dec. 2019
Note:
Comprehensive income
First quarter ofFirst quarter ofterm ending Dec. 2020: 6,091 million yen [201.8％] term ended Dec. 2019: 2,018 million yen
Basicearnings per share

Dilutedearnings per share

yen

yen

94.08

93.94

29.42

29.35

First quarter ofterm ending Dec. 2020
First quarter ofterm ended Dec. 2019(2) Consolidated financial position
Total assets
First quarter ofterm ending Dec. 2020
Term ended Dec. 2019
Reference:2.

EquityFirst quarter ofterm ending Dec. 2020:

Net assets

Equity ratio

220.0
17.1

[18.0%]

Book value per share

million yen

million yen%

yen

131,336

37,14828.3

542.70132,696

33,54625.3

490.0837,146 million yen

Term ended Dec. 2019:33,544 million yen

Dividends
End ofsecond quarter

Annual dividend
End ofthird quarter

yen

yen

yen

yen

yen

－
－

0.00

－

36.00

36.00

Term ending Dec. 2020 (Forecast)(Note) Revisions from latest dividends forecast: None

0.00

－

38.00

38.00

End offirst quarter
Term ended Dec. 2019
Term ending Dec. 20203.

Year-end

Total

Consolidated earnings forecast for term ending December 2020 (from January 1, 2020 to December 31, 2020)(% figures for the full term show the rate of increase (decrease) compared with the previous term, and% figures for the first two quarters show the rate of increase (decrease) compared with the same period of the previous year)

Net sales

Operating income

Ordinary income

Profit attributable to
Basicowners of parent earnings per share

million yen%

million yen%

million yen%

million yen%

yenFirst two quarters

54,000

78.6

9,500

39.9

9,000

45.2

6,200

44.4

90.58

Full term

86,00019.3

13,3003.0

12,300

4.1

8,500

4.2

124.18(Note) Revisions from latest earnings forecast: None
－

1 －

*

Explanatory notes(1) Changes in significant subsidiaries during the first quarter(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

None
None
None
None

(4) Number of shares issued and outstanding (common shares)
First quarter of1) Number of shares issued and outstanding
71,841,887 Term ended
71,841,887
term ending(including treasury shares) at end of period
shares Dec. 2019
sharesDec. 2020
First quarter of
3,394,700 Term ended
3,394,700
2) Number of treasury shares at end of period
term ending
shares Dec. 2019
sharesDec. 2020
First quarter ofFirst quarter of
68,447,187
68,398,292
3) Average number of shares during period
term ending
term ended
sharessharesDec. 2020
Dec. 2019
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 quarter of term
ending December 2020: 487,200 shares in the share-based payment benefits trust for directors and 233,100
shares in the share-based payment benefits type ESOP trust). In the calculation of the average number ofshares during period, 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 quarter of term ending December 2020: 720,300 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 6.

－

2 －○Contents of Attachment
1. Qualitative Information on Quarterly Results ................................................................................................................... 4(1) Explanation of Operating Results ............................................................................................................................... 4(2) Explanation of Financial Position ................................................................................................................................ 6(3) Explanation of Consolidated Earnings Forecast and Other Forward-Looking Information ......................................... 6
2. Quarterly Consolidated Financial Statements and Key Notes ......................................................................................... 7(1) Quarterly Consolidated Balance Sheet ...................................................................................................................... 7(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income .... 9(Quarterly Consolidated Statement of Income) .............................................................................................................. 9(Quarterly Consolidated Statement of Comprehensive Income) .................................................................................. 10(3) Notes to Quarterly Consolidated Financial Statements ............................................................................................ 11(Notes on Going Concern Assumption)........................................................................................................................ 11(Notes on Substantial Changes in the Amount of Shareholders’ Equity) ..................................................................... 11(Segment Information, etc.) ......................................................................................................................................... 11(Significant Subsequent Events) .................................................................................................................................. 11
3. Other ............................................................................................................................................................................. 12
Status of Contracts and Sales ......................................................................................................................................... 12－

3 －Attachment
1. Qualitative Information on Quarterly Results(1) Explanation of Operating Results
In the first quarter, the Japanese economy is in a state of significant decline due to the impact of the novel coronavirus
infection and faces a harsh situation. This is expected to continue due to the impact of the spread of infection on a
global scale. The economic outlook remains clouded as the situation calls for attention to further downward risk indomestic and overseas economies as well as the impact of fluctuation in the financial market.
In the real estate industry in which the ES-CON JAPAN Group operates, the situation warrants no optimism becauseof such factors as a rise in land prices, intensified competition in acquiring land, risk of a rise in interest rates and theimpact of the consumption tax hike.
In the business environment described above, we are proactively developing multifaceted businesses in the current
fiscal period as the initial fiscal year of the third medium-term management plan “IDEAL to REAL 2022” with a periodof three years from the fiscal year ending December 2020 to the fiscal year ending December 2022.
1) Status of Implementation of Growth Strategy of ESCON JAPAN REIT Investment Corporation
Investment units issued by ESCON JAPAN REIT Investment Corporation (hereinafter the “EJR”), of which asset
management is entrusted to ES-CON Asset Management Ltd. (hereinafter the “EAM”), a consolidated subsidiary of
ES-CON JAPAN, were listed on the Tokyo Stock Exchange Real Estate Investment Trust Securities Market inFebruary 2019.
As one of the growth strategies of EJR, a support agreement was concluded among three companies, namely
Chuden Real Estate Co., Inc. (hereinafter “Chuden Real Estate”), EJR and EAM, in September 2019. ES-CON
JAPAN transferred real state for sale (tonarie Yamatotakada (50% interest), tonarie Toga-Mikita (50% interest),
commercial leasehold land in Omihachiman City, Shiga, commercial leasehold land in Muko City, Kyoto, andcommercial leasehold land in Ikoma-gun, Nara) which it owns to Chuden Real Estate in February 2020 by utilizing
temporary warehousing function with a precondition to transfer the real estate to EJR, based on the support
agreement.
In addition, real estate for sale (tonarie Yamatotakada (50% interest), tonarie Toga-Mikita (50% interest) andcommercial leasehold land in Sakai City, Osaka) owned by ES-CON JAPAN, which is a sponsor support company,
were transferred to EJR.
In February 2020, EJR conducted its first public offering after listing, and its asset size increased from 41.6 billion
yen upon listing to 51.9 billion yen after the public offering.
ES-CON JAPAN Group fully supports enhancement of earnings and stable growth of EJR as its sponsor and aims
for further growth.
2) Status of Demonstration of Synergy Effect with Chubu Electric Power Group
ES-CON JAPAN concluded a capital and business partnership agreement with Chubu Electric Power Co., Inc. inAugust 2018 to position the Chubu region as a core business area comparable to the Tokyo metropolitan area andthe Kansai region, and established a Nagoya branch in March 2019. As a joint project with Chuden Real Estate,
ES-CON JAPAN acquired a site for a condominium in Higashi Ward, Nagoya City, in June 2019, the first such casein the Chubu region, and also a site of its second condominium in Higashi Ward, Nagoya City, in September 2019.
ES-CON JAPAN is steadily implementing business development in the Chubu region together with its first andsecond projects.
In addition, as for the land for business use which it acquired in Suita City, Osaka, in March 2020, ES-CON JAPANlaunched a joint project with Chuden Real Estate with regard to condominium development and commercial
development, which will be the third project.
ES-CON JAPAN intends to develop businesses that can satisfy local residents by demonstrating synergy while
continuing to strengthen its partnership with each group company of Chubu Electric Power.
3) Participation in Hokkaido Ballpark Project and Acquisition of Naming Rights for New Ballpark
With regard to the naming rights for the new ballpark of the Hokkaido Nippon-Ham Fighters planned to beestablished and opened in 2023 in Kitahiroshima City, Hokkaido, ES-CON JAPAN concluded a ballpark namingrights agreement with Hokkaido Nippon-Ham Fighters Baseball Club Co., Ltd. and Fighters Sports & Entertainment
Co., Ltd., which manages the entire HOKKAIDO BALLPARK F VILLAGE and owns/operates the ballpark, in January－

4 －2020.
The name of the new ballpark will be “ES CON FIELD HOKKAIDO.” The area surrounding the ballpark is an
important base as a planned site for a sports park in Kitahiroshima City and is part of a large-scale development
area for HOKKAIDO BALLPARK F VILLAGE (total development area: approx. 36.7 ha) with construction of a newstation also planned. ES-CON JAPAN is scheduled to participate in the development of various real estate in thearea such as a hotel on the land of approximately 9,400 m 2 adjoining the ballpark as well as urban developmentwith its Hokkaido branch scheduled to be opened in July 2020 as a base. ES-CON JAPAN will seize this opportunity
to also start supporting sports, cultural promotion, etc. for the happiness of the residents of Hokkaido and contributeto revitalization and development of the entire community.
4) Status of Initiatives for New Businesses
Under the circumstances in which the Amended Immigration Control Act, which newly accepts the status of residence
in some business types, was enforced in April 2019 and the improvement of the working environment for foreign workers
progressing against the backdrop of a serious labor shortage, ES-CON JAPAN established “ES-CON Global Works
Ltd.,” a consolidated subsidiary engaged in the employment placement business, to help solve such social issues, andalso launched employment placement services for foreigners as well as an overseas expansion consulting businessspecializing in the restaurant industry, accommodation industry and building cleaning in March 2020.
In addition, in April 2020, ES-CON JAPAN invested in SQUEEZE Inc., which is engaged in the hotel operation business
utilizing cloud-type hotel operation. ES-CON JAPAN intends to help Japan become a tourism-oriented nation from thestandpoint of the accommodation industry and contribute to society by participating in the hotel operation business,
strengthening revenue in the real estate operation business and implementing multifaceted development of the realestate business, as well as providing the “cloud-type hotel operation system” promoted by SQUEEZE Inc., to more
accommodation facilities and effectively utilizing real estate which are not utilized effectively since commercialization
as an accommodation facility is difficult through normal operation in addition to people’s time.
ES-CON JAPAN will continue to challenge new business fields, and aim for sustainable growth of the entire group.
5) Overseas Investment Business
In March 2019, ES-CON JAPAN made a commitment to invest in a Hawaii-focused, closed-end real estate investment
fund as its new overseas business. In July 2019, ES-CON JAPAN established its subsidiary ESCON JAPAN (Thailand)CO., LTD. in Thailand, and participated in a condominium joint development project in Bangkok. ESCON JAPAN is
steadily developing its overseas business through efforts such as committing to new investment in a California-focused,closed-end real estate investment fund in March 2020.
6) Status of ESG Initiatives
ES-CON JAPAN has set “Response to Social Issues through ESG Promotion” as one of the growth strategies in its
third medium-term management plan “IDEAL to REAL 2022.” As part of such activities, ES-CON JAPAN is providing amonetary donation to Kyoto University’s “iPS Cell Research Fund” to support activities realizing early and inexpensive
treatment for those suffering from diseases and accidents by using iPS cells, in addition to initiatives in its new
businesses which will contribute to regional revitalization and help solve social issues.
In addition, in March 2020, ES-CON JAPAN realized fund procurement through an “ESG/SDGs assessment-basedloan” provided by Sumitomo Mitsui Banking Corporation. Of the project funds of the syndicate loan arranged by
Sumitomo Mitsui Banking Corporation to fund the Fujishirodai 5-Chome project (joint project with Chuden Real Estate)whose site was acquired in March 2020, three billion yen was procured through the “ESG/SDGs assessment-basedloan” upon earning a rank of A*, the third-best ranking among the seven rankings, indicating that “good ESG/SDG
initiatives and information disclosure have been conducted”.
Furthermore, in terms of governance, ES-CON JAPAN established the “Nomination and Remuneration Advisory
Committee” under the board of directors in January 2020 with an aim to strengthen the independence and objectivityof functions as well as the accountability of the board of directors with regard to nomination and remuneration of
directors. ES-CON JAPAN also launched initiatives for a succession plan called the candidate successor system.
ES-CON JAPAN will continue with steady implementation of ESG management as an important management strategy,
and make proactive efforts with an aim to achieve sustainable growth.
7) Business Development by Segment－

5 －In the real estate sales business, our core business, we conducted income-generating real estate sales, etc., in addition
to achieving steady progress in condominium sales.
In the real estate sales business, sales of new projects “Le JADE Okurayama (Kita Ward, Yokohama City; 25 units intotal),” “Le JADE Morinomiya (Higashinari Ward, Osaka City; 45 units in total)” and “Le JADE Yamatotakada Ekimae(Yamatotakada City, Nara Prefecture; 205 units in total)”, etc. commenced, while “Le JADE Kuzuha (Hirakata City,
Osaka Prefecture; 78 units in total)” and “Le JADE Kotoen (Nishinomiya City, Hyogo Prefecture; 49 units in total)” soldout upon completion and “Le JADE Higashisumiyoshi Imagawa Ryokudo (Higashisumiyoshi Ward, Osaka City; 41 units
in total)” scheduled for completion in the current fiscal year is contracted to sell out.
Furthermore, “LOGITORES Tojo (Kato City, Hyogo Prefecture),” a logistics development project, sales of incomegenerating real estate in Honjo, Kita Ward, Osaka City, and Matsubara, Setagaya Ward, and transfer of commercial
facilities and commercial leasehold lands to EJR and Chuden Real Estate have been completed.
In the real estate leasing business, efforts are being made to secure stable rental income from and enhance asset valueof retail properties held by ES-CON JAPAN.
In the real estate planning agency and consulting business, focus is being placed on the segment as a businessachieving high profit margins through subcontracting, planning agency and consulting, and other non-asset businesses
by leveraging the planning and other strengths of ES-CON JAPAN.
As a result, ES-CON JAPAN achieved net sales of 42,196 million yen (up 116.6%), operating income of 9,678 million
yen (up 198.1%), ordinary income of 9,329 million yen (up 220.1%) and profit attributable to owners of parent of 6,439
million yen (up 220.0%) for the first quarter, all compared with the same period of the previous year.
The following describes the operating results by each segment, with figures compared with the same period of theprevious year.
1) Real estate sales businessIn the real estate sales business, activities included selling condominiums and revenue-generating real estate, resulting
in net sales of 40,827 million yen (up 123.4%) and segment income of 10,522 million yen (up 211.3%).
2)

Real estate leasing businessIn the real estate leasing business, although focus was placed on leasing activities and the property managementbusiness in view of enhancement of asset value, including increase in rental income of owned revenue-generating realestate, it resulted in net sales of 1,300 million yen (up 9.2%) and segment income of 464 million yen (down 42.0%).
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 the best use of planning and multifaceted business-building
capabilities, resulting in net sales of 68 million yen (up 295.6%) and segment income of 44 million yen (up 157.0%).
(2) Explanation of Financial Position
Assets at the end of the first quarter decreased by 1,360 million yen compared with the end of the previous fiscal year
to 131,336 million yen. This was mainly attributable to inventories decreasing by 10,157 million yen, although cash anddeposits increased by 6,808 million yen.
Liabilities decreased by 4,962 million yen compared with the end of the previous fiscal year to 94,187 million yen. Thiswas mainly attributable to long-term loans payable, short-term loans payable and bonds payable decreasing by 4,091
million yen.
Net assets increased by 3,601 million yen compared with the end of the previous fiscal year to 37,148 million yen. Thiswas mainly attributable to cash dividends paid of 2,490 million yen, while recording profit attributable to owners of parentof 6,439 million yen. As a result, the equity ratio was 28.3% (25.3% at the end of the previous fiscal year).
(3) Explanation of Consolidated Earnings Forecast and Other Forward-Looking Information
The consolidated earnings forecast remains unchanged from the forecast announced on January 30, 2020.

－

6 －2. Quarterly Consolidated Financial Statements and Key Notes(1) Quarterly Consolidated Balance SheetTerm ended Dec. 2019(as of Dec. 31, 2019)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Real estate for sale
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
Goodwill
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets－

7 －(Unit: million yen)First quarter ofterm ending Dec. 2020(as of Mar. 31, 2020)

22,511
598
24,234
59,6197,173
114,137

29,319700
4,894
68,803
6,667
110,384

3,216
(566)
2,649
10,621
295
(132)
163
13,433

4,217
(642)
3,575
11,262
315
(145)
169
15,006

436
56
492

412
70
483

4,670
(37)
4,632
18,558132,696

5,499
(37)
5,461
20,951
131,336

Term ended Dec. 2019(as of Dec. 31, 2019)
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
Foreign currency translation adjustment
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets－

8 －(Unit: million yen)First quarter ofterm ending Dec. 2020(as of Mar. 31, 2020)

4,580
32,415
40
3,396
9,768
50,1994,607
27,827
240
2,897
8,747
44,319230
47,720
114
35
249
600
48,95099,14910
48,209
114
39
249
1,245
49,867
94,187

6,275
2,004
26,256(1,247)33,2886,275
2,004
30,205(1,247)
37,237

256
(0)
256
1
0
33,546132,696

(118)
27
(90)
1
0
37,148131,336(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income(Quarterly Consolidated Statement of Income)(Unit: million yen)First quarter ofFirst quarter ofterm ended Dec. 2019
term ending Dec. 2020
(from Jan. 1, 2019(from Jan. 1, 2020
to Mar. 31, 2019)
to Mar. 31, 2020)
Net sales
19,48542,196
Cost of sales
14,90730,281Gross profit
4,577
11,914
Selling, general and administrative expenses
1,331
2,235
Operating income
3,246
9,678
Non-operating income
Interest income
04－Dividend income
0Penalty income
3
3
Other
0
0
Total non-operating income
38Non-operating expenses
Interest expenses
332
293
－
Share of loss of entities accounted for using equity method
27
Other
3
37
Total non-operating expenses
336
357
Ordinary income
2,914
9,329
Extraordinary income
Gain on reversal of subscription rights to shares
00
Total extraordinary income
00Extraordinary losses－
Loss on retirement of non-current assets
0－
Total extraordinary losses
0Profit before income taxes
2,914
9,329
Income taxes - current
851
2,772
Income taxes - deferred
49
118
Total income taxes
901
2,890
Profit2,012
6,439
Profit attributable to owners of parent
2,012
6,439

－

9 －

(Quarterly Consolidated Statement of Comprehensive Income)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Share of other comprehensive income of entities accounted forusing equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

－

10 －

First quarter ofterm ended Dec. 2019(from Jan. 1, 2019
to Mar. 31, 2019)
2,012(Unit: million yen)First quarter ofterm ending Dec. 2020
(from Jan. 1, 2020
to Mar. 31, 2020)
6,439

5
－

(375)
16

－

10

5
2,018

(347)
6,091

2,018
－

6,091
－

(3) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumption)
Not applicable.
(Notes on Substantial Changes in the Amount of Shareholders’ Equity)
Not applicable.
(Segment Information, etc.)[Segment Information]
I. First Quarter of Term Ended December 2019 (from January 1, 2019 to March 31, 2019)
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

18,276

1,190

17

19,485－

19,485

－

－

－

－

－

－

18,276
3,380

1,190
800

17
17

19,485
4,198

－
(952)

19,485
3,246

Total

Net sales
Net sales toexternal customers
Intersegment net
sales or transfers
Total
Segment income(Note 1) The reconciliation of segment income of -952 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 Quarter of Term Ending December 2020 (from January 1, 2020 to March 31, 2020)
1. Information on Net Sales and Income or Loss Amounts by Reporting Segment
Reporting segment
Real estatesales
business

Real estateleasingbusiness

Real estateplanning agency
and consulting
business

Total(Unit: million yen)Amount onquarterly
Reconciliation consolidated(Note 1)statement ofincome(Note 2)

Net sales
Net sales to40,827－1,300
68
42,19642,196
external customers
Intersegment net
－
－
－
－
－
－
sales or transfers－
Total
40,8271,300
68
42,19642,196
Segment income
10,522464
44
11,031(1,352)
9,678(Note 1) The reconciliation of segment income of -1,352 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.
(Significant Subsequent Events)
Not applicable.

－

11 －

3. Other
Status of Contracts and Sales
The performance of contracts in the real estate sales business for the first quarter is as follows:First quarter of term ending Dec. 2020
(from Jan. 1, 2020
to Mar. 31, 2020)
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.

115

5,477

345

15,185

Other－

12,966

－

5,757

115

18,444345

20,943

Total(Note)

The above amounts do not include consumption tax, etc.

The main performance of sales by segment for the first quarter is as follows:First quarter of term ending Dec. 2020
(from Jan. 1, 2020
to Mar. 31, 2020)

Name of segment

Number of units(units)Property nameCondominiums

185

7,825

tonarie Yamatotakada

－

8,175

LOGITRES Tojo

－

8,120

tonarie Toga-Mikita

－

6,875

－

2,733

Matsubara, Setagaya-ku

－

2,167

Honjo-Nishi, Kita-ku

－

1,967

Commercial leasehold land in
Omihachiman-shi－

970

Commercial leasehold land in
Ikoma-gun－

690

Commercial leasehold land in
Muko-shi－

445

Genboen, Koga-shi

－

393

Other

－

464

185

40,827

Commercial leasehold land in
Sakai-shi

Real estate sales businessAmount(million yen)

Subtotal
Real estate leasing business

1,300

Real estate planning agency

68

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

－

12 －

42,196