Consolidated Financial Results for the First Quarter of Fiscal 2022 (April 1, 2022 - June 30, 2022)
Fiscal 2022 (Year ending March 31, 2023)
August 10, 2022

SUMITOMO REALTY & DEVELOPMENT CO., LTD.
Stock Exchange Listings
Securities CodeLocation of Head OfficeURL

TSE Prime Market8830
Tokyo, Japan
https://www.sumitomo-rd.co.jp/english/

1. Results for First Quarter (April 1, 2022 - June 30, 2022)(1) Consolidated financial results (Amounts less than one million yen, except for per share amounts, are omitted.)
Revenue from operations
Three months ended Jun 30, 2022
Three months ended Jun 30, 2021
(Reference) Fiscal 2021

Operating income

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

243,524
250,410
939,430(2.7)

73,59571,041
233,882

3.6

76,264
72,214225,115

5.6

52,89049,184150,452

7.5(20.7)
2.4(14.2)
6.7(14.1)
7.2(24.9)
6.4

Notes 1: Comprehensive Income
Fiscal 2022, 1st quarter : 50,785 millions of yen, 34.6%; Fiscal 2021, 1st quarter : 37,731 millions of yen, (61.2%)
2: Percentages represent changes year on year.

Earnings per share

Three months ended Jun 30, 2022
Three months ended Jun 30, 2021
(Reference) Fiscal 2021

Diluted earnings pershareYen

Yen

111.60103.78317.45―――

Note: Average number of shares issued and outstanding (consolidated)
Fiscal 2022, 1st quarter : 473,938,867 shares; Fiscal 2021, 1st quarter : 473,939,051 shares(2) Consolidated financial position (Amounts less than one million yen, except for per share amounts, are omitted.)

As of Jun 30, 2022
As of Jun 30, 2021(Reference) Fiscal 2021

Total assets

Shareholders' equity

Millions of yen

Millions of yen

Shareholders' equity ratio%

5,797,748
5,641,612
5,806,040

1,673,911
1,530,799
1,634,049

28.9
27.1
28.1

Note: Number of shares issued and outstanding (consolidated)
As of Jun 30, 2022 : 473,938,763 shares; As of Jun 30, 2021 : 473,939,033 shares

2. Dividend Position

Fiscal 2021
Forecast for Fiscal 2022

InterimDividends per share
Year end

Yen

Yen

Yen

22.00
24.00

23.00
26.00

45.00
50.00

Annual

3. Consolidated Business Forecasts for Fiscal 2022 (Year ending March 31, 2023)
Revenue from operations
Fiscal 2022

Operating income

Ordinary profit

Profit attributable toowners of parent

Millions of yen

Millions of yen

Millions of yen

Millions of yen

950,000

240,000

235,000

160,000

Consolidated business forecasts announced on May 12, 2022 have not been revised.
Note: The foregoing estimates were based on information available as of the date this data was released, and actual results may differ from estimates due tovarious arising in the future.

4. Results of main segments(1) Revenue from operations

LeasingSalesConstruction
Brokerage
Other and Elimination/CorporateTotal(Millions of yen)Three months ended Three months ended
Jun 30, 2021
Jun 30, 2022
105,326
103,488
98,737
94,88827,724
26,44018,20518,041
416
666
250,410
243,524

Increase(Decrease)(1,837)(3,849)(1,283)(164)+249(6,885)

Forecast for
Fiscal 2022
430,000
220,000
220,000
78,000－950,000

Achieved
(%)
2443
1223－
26

Three months ended Three months ended
Jun 30, 2021
Jun 30, 2022
43,917
43,622
26,42030,176(166)(1,317)
4,746
5,134(3,877)(4,020)71,04173,595

Increase(Decrease)(295)+3,755(1,151)+387(143)+2,553

Forecast for
Fiscal 2022
165,000
50,00021,00020,000(16,000)
240,000

Achieved
(%)
2660
－26－
31

(2) Operating income

Leasing
Sales
Construction
Brokerage
Other and Elimination/Corporate
Total(Millions of yen)Consolidated Balance Sheets
Sumitomo Realty & Development Co., Ltd. and its consolidated subsidiaries

Millions of yen
June 30,
2022

AssetsMarch 31,2022

Current assets:
Cash and deposits\143,976\151,392

Accounts receivable―trade17,29623,285

Real estate for sale

303,491

308,155

Real estate for sale in process

392,165394,921

Costs on uncompleted construction contracts

14,597

8,210

Other inventories

1,229

1,163

Other current assets

58,54954,447(42)(43)

931,263941,534

Buildings and structures, net

1,126,122

1,114,725

Land

2,863,145

2,847,702

Construction in progress

117,791

139,859

Other property and equipment, net

12,471

12,0284,119,531

4,114,316

Leasehold rights

61,64261,802Other intangibles

2,126

2,191

63,76863,994

Investment securities

567,453

573,503

Guarantee and lease deposits

67,036

66,993Net defined benefit asset

299

257

Deferred income taxes

11,636

11,456

Other investments

37,41834,641

(658)

(658)

Total investment and other assets

683,184

686,194

Total fixed assets

4,866,484

4,864,505

Allowance for doubtful accounts
Total current assets
Fixed assets:
Property and equipment

Total Property and equipment
Intangibles

Total intangibles
Investment and other assets

Allowance for doubtful accounts

Total assets\5,797,748\5,806,040

Millions of yen
June 30,2022

Liabilities and Net Assets

March 31,2022

Current liabilities:
Notes and accounts payable―trade\20,610\42,307

Short-term debt

32,52528,610Long-term debt due within one year

226,876

237,385

Long-term non-recourse loans due within one year

4,730

4,786

Commercial paper

35,00040,000Accrued income taxes

23,17540,144

Deposits received

40,03755,155

Accrued bonuses

995

5,803

184,154

185,836

568,103

640,029

Corporate bonds

290,000

290,000

Non-recourse bonds

35,60035,6002,693,347

2,667,324

Long-term non-recourse loans

255,118

256,287

Net defined benefit liability

5,775

5,796

250,711249,275

Long-term deposits received

8,745

8,764

Other long-term liabilities

16,435

18,912

Total long-term liabilities

3,555,733

3,531,960

Total liabilities

4,123,836

4,171,990

122,805

122,805

Other current liabilities
Total current liabilities
Long-term liabilities:

Long-term debt

Guarantee and lease deposits received

Net assets:
Shareholders' equity
CapitalCapital surplus

104,153

104,153

Retained earnings

1,298,710

1,256,742(4,476)(4,475)

1,521,193

1,479,226

149,173

155,863

Net deferred gains (losses) on hedges

3,496704

Foreign currency translation adjustments

268(1,449)

Remeasurements of defined benefit plans

(220)

(294)

Total accumulated other comprehensive income

152,718

154,823

Total net assets

1,673,911

1,634,049

Treasury stock
Total shareholders' equity
Accumulated other comprehensive income (loss)
Net unrealized holding gains on securities

Total liabilities and net assets\5,797,748\5,806,040

Consolidated Statements of Income
Sumitomo Realty & Development Co., Ltd. and its consolidated subsidiariesMillions of yen
Fiscal year ended June 30,2022

Revenue from operations\2021

243,524\250,410

Cost of revenue from operations

155,119

162,414Gross profit

88,40587,995

Selling, general and administrative expenses

14,81016,954

Operating income

73,59571,041

Interest and dividend income

7,793

6,250

Other non-operating income

34418

7,827

6,668

4,307

4,552

851

943

5,158

5,495

76,264

72,214Gain on sale of property and equipment－0

Gain on sale of investment securities

0－00

Loss on disposal of property and equipment

170114

Loss on devaluation of investment securities

290

586

Loss on sale of investment securities

1－

Other extraordinary losses

24－

486

700

Income before income taxes

75,77771,513

Income taxes

22,88622,329Profit52,89049,184－－Non-operating income

Total non-operating income
Non-operating expenses
Interest expense
Other non-operating expenses
Total non-operating expenses
Ordinary profit
Extraordinary income

Total extraordinary income
Extraordinary loss

Total extraordinary losses

Profit attributable to non-controlling interests
Profit attributable to owners of parent\52,890\49,184

Consolidated Statements of Comprehensive Income
Sumitomo Realty & Development Co., Ltd. and its consolidated subsidiaries

Millions of yen
Fiscal year ended June 30,2022

Profit\2021

52,890\49,184

Other comprehensive income (loss)
Net unrealized holding gains (losses) on securities(6,689)(11,616)

Net deferred gains (losses) on hedges

2,792(1,430)Foreign currency translation adjustments

1,718

1,763

Remeasurements of defined benefit plans

74

(169)

(2,105)(11,453)

50,78537,73150,78537,731－－Total other comprehensive income (loss)
Comprehensive income
Comprehensive income attributable to:
Owners of the parent
Non-controlling interests