Summary of Business Results for the First Quarter Ended March 31, 2024
[Japan GAAP] (Consolidated)
May 13, 2024
CompanySansei Landic Co.,Ltd
Listed on the TSE
Stock Code3277
URL: https://www.sansei-l.co.jp
Representative
Takashi Matsuzaki, President and Representative Director
T E L: +81-3-5252-7511
Contact
Haruka Miura, Director, GM of Administration Division and Accounting Department
Expected date of filing of quarterly report: May 13, 2024
Expected starting date of dividend payment: Preparation of quarterly supplementary financial document: Yes
Quarterly results briefing: No（Rounded down to million yen）

1. Consolidated business results for the three months ended March 2024
(January 1, 2024 through March 31, 2024)(1) Consolidated results of operations(% change from the previous corresponding period)

Net sales

Operating income

Million yen
7,206
6,486

Three months ended Mar. 2024
Three months ended Mar. 2023

%
11.1
45.9

Million yen
570
1,118

Net income attributable toowners of parent

Ordinary income

%
-49.0
150.0

Million yen
492
1,045%-52.9
151.6

Million yen
328
683%
-52.0
82.2

(Note) Comprehensive income
Three months ended March 2024: 328 million yen (-52.0%)
Three months ended March 2023: 683 million yen (82.2%)

Net income
per shareYen
39.82
83.48

Three months ended Mar. 2024
Three months ended Mar. 2023

Diluted net income pershare
Yen
―
83.32

(2) Consolidated financial position
Total assets

Net assets

Million yen
30,48730,976

As of Mar. 2024
As of Dec. 2023

Million yen
12,133
12,076

Shareholders’ equity
ratio%
39.8
39.0(Reference) Shareholders’ equity
As of March 2024: 12,133 million yen
As of December 2023: 12,076 million yen

2. Dividends
End of 1Q

Yen
0.00

Annual dividend
End of 3Q
Yen-

15.00

-

End of 2Q
Yen-Year ended Dec. 2023
Year ending Dec. 2024
Year ending Dec. 2024 (forecast)Year-end

Total

Yen
33.00

Yen
33.00

25.00

40.00

(Note) Revisions to dividend forecast for the current quarter: No

3．Forecast of consolidated business results for the fiscal year ending December 2024
(January 1, 2024 through December 31, 2024)(% figures for full year are the year-on-year change, and for the quarter the change compared to the same quarter in the previous year)

Net sales

Operating income

Ordinary income

Net income attributableto owners of parent
Million yen%

Net income
per share

Million yen%

Million yen%

Million yen%

For the six months
ending Jun. 2024

11,700-2.3

1,000-39.6

830-41.7

550-41.4

66.74

Year ending Dec. 2024

23,700

1.9

1,800

-16.5

1,500-15.0

1,000-15.5

121.35(Note) Revisions to business forecast for the current quarter: No1Yen

* Notes(1) Changes in significant subsidiaries during the period(changes in specified subsidiaries accompanying changes in the scope of consolidation): None
(2) Application of accounting procedures specific to preparation of the consolidated quarterly financial statements:
Yes(3) Changes in accounting policies, accounting estimates and restatement①Changes in accounting policies associated with revision of accounting standards:②Changes in accounting policies other than ①③Changes in accounting estimates④Restatement: None
: None: None: None(4) Shares outstanding (common stock)①Number of shares outstanding at the end of period (treasury stock included)
As of March 2024
8,584,900 shares
As of December 20238,584,900 shares②Treasury stock at the end of period
As of March 2024
343,992 shares
As of December 2023
343,992 shares③Average number of stock during period (quarterly cumulative period)
Three months ended March 2024
8,240,908 shares
Three months ended March 2023
8,190,985 shares*Quarterly financial summary is not subject to auditing procedures by certified public accountants or auditing
firms.
*Explanation regarding appropriate use of business forecasts and other special instructions
Forecasts regarding future performance in this material are based on information currently available to the Company
and certain assumptions that the Company deems to be reasonable at the time this report was prepared. Actual results
may differ significantly from the forecasts due to various factors.

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1. Qualitative Information on Quarterly Financial Results(1) Results of Operations
In the first quarter of the current fiscal year, net sales were 7,206 million yen (up by 11.1% YoY), operating income was
570 million yen (down by 49.0% YoY), ordinary income was 492 million yen (down by 52.9% YoY), and net income
attributable to owners of parent was 328 million yen (down by 52.0% YoY).
Sales and purchases in the first quarter under review are as follows.
① Sales Results
Classification

Number ofYoY (%)

contracts

Sales (Million yen)

YoY (%)

Leasehold land

77-23.8

2,120-21.7

Old unutilized properties

29＋26.1

4,891＋37.0Freehold

3-25.093-7.7－－101-4.9

109-14.8

7,206＋11.1

Other real estate sales
business
Total(Note) 1. "Number of contracts" indicates the number of transactions.
2. "Classification" of Leasehold land, Old unutilized properties, and Freehold is stated according to theclassification at the time of purchase. When leasehold land has changed to freehold with rights adjustment
after purchase, this case is included in “Leasehold land” based on the classification at the time of purchase. As
for the classification of mixed properties with leasehold land, old unutilized properties, and freehold,properties including leasehold land are classified as "Leasehold land", and properties containing a mix of old
unutilized properties and freehold are classified as "Old unutilized properties."
3. "Other Real Estate Sales Business" consists of rent income, income from brokerage fees, and commission
income from outsourcing.
Sales increased due to an increase in the sales of old unutilized properties.
② Purchase Results
Classification

Number of lots

Purchase amountYoY (%)(Million yen)

YoY (%)

Leasehold land

43-62.3

1,005-71.2

Old unutilized properties

14-26.3

2,040＋40.2

Freehold

2-33.3306＋152.7

Total59-56.6

3,352-33.8(Note) 1. "Number of lots" indicates the number of sales lots expected at the time of purchase of the property, such as
the number of leaseholders in the case of leasehold land.
2. As for the classification of mixed properties with leasehold land, old unutilized properties, and freehold,properties including leasehold land are classified as "Leasehold land", and properties containing a mix ofold unutilized properties and freehold are classified as "Old unutilized properties."
Purchases increased year-on-year due to a decrease in purchases of leasehold land.
(2) Financial Position(Current assets)
Current assets at the end of the first quarter of the current financial year were 28,172 million yen, a decrease of 1,348 million
yen compared to the end of the previous fiscal year. This was mainly due to an increase of 709 million yen in cash anddeposits and a decrease of 2,162 million yen in real estate for sale.
(Fixed assets)
At the end of the first quarter under review, fixed assets increased by 859 million yen compared to the end of the previous
fiscal year to 2,314 million yen. This was mainly due to an increase of 841 million yen in property, plant and equipment.

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(Current liabilities)
Current liabilities at the end of the first quarter decreased by 351 million yen to 15,394 million yen compared with the end of
the previous fiscal year. This was mainly due to an increase of 464 million yen in short-term borrowings, a decrease of 315
million yen in the current portion of long-term borrowings and a decrease of 418 million yen in income taxes payable.
(Fixed liabilities)
Long-term liabilities at the end of the first quarter decreased by 193 million yen compared to the end of the previous fiscalyear to 2,959 million yen. This was mainly due to a decrease of 240 million yen in long-term loans payable.
(Net assets)
Net assets at the end of the first quarter increased by 56 million yen compared to the end of the previous fiscal year to 12,133
million yen, due to an increase in retained earnings of 56 million yen.
(3) Consolidated Business Forecasts and Other Forward-Looking Information
The financial forecasts announced on February 14, 2024 remain unchanged.

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