Note:

Please note that this document is a Japanese-English translation of the summary of the official announcement inJapanese “Kessan Tanshin” for reference purposes only.

Summary of Consolidated Financial Results
For the Third Quarter Ended September 30, 2014 〔Based on Japanese GAAP〕
August 14, 2014
Company name:
Stock exchange listings:
Code Number:
URL:
Representative:
Scheduled date of quarterly securities report filing:
Supplementary materials for quarterly financial results:
Quarterly results briefing meeting :Open House Co., Ltd.
Tokyo Stock Exchange, First section3288
http://openhouse-group.com/irMasaaki Arai, President and CEO
August 14, 2014
YesNo

(Million yen, rounded down)

1.

Consolidated Financial Results for the Third Quarter Ended September 30, 2014
（October 1, 2013 to June 30, 2014）(1) Consolidated operating results (Year-to-date)
Revenue
Operating income
Million yen

FY 2014 3Q
FY 2013 3Q(Note) Comprehensive income:%Million yen(% figures indicate year-on-year change)

Ordinary income%Million yen

Net income%72,737
34.7
8,490
128.8
7,766
147.1
53,993
－
3,710
－
3,143
－
From October 1, 2013 to June 30, 2014 ¥4,632 million (138.7%)
From October 1, 2012 to June 30, 2013 ¥1,940 million (ー%)EPSMillion yen

4,625
1,994%

131.9－

Diluted EPSYen
165.03105.40Yen
FY 2014 3Q
161.21
FY 2013 3Q－(Note)1. Since consolidated financial Statements for the fiscal year ended September 2012 were not prepared, the percentagechanges from the same period for the third quarter ended September 2013 are not shown.
2. The Company split one share of common stock into 1,000 shares effective June 28, 2013, EPS is calculated on theassumption that the stock split was conducted at the beginning of the previous fiscal year.
3. Diluted EPS for the third quarter ended September 2013 is not shown since the shares were not listed, thus a stock
average calculation is not possible.
(2) Consolidated Financial Position
Total assets
June 30, 2014
September 30, 2013
(Reference) Shareholders’ equity:

2.

Million yen

Net assets

91,84678,069As of June 30, 2014:
As of September 30, 2013:

Million yen

Equity ratio

33,912
29,963¥33,912 million yen¥29,963 million yen

%

36.9
38.4

Dividends

Annual dividends per share (Yen)
2Q-end3Q-endYear-end
Total
FY 20130.00－25.0025.00－－FY 2014－0.00
FY 2014 (Forecast)
40.00
40.00
(Note) Revision of the latest dividend forecast: None
Breakdown for dividends of FY2014 (Forecast) Common dividend: ¥35.00 Commemorative dividend: ¥5.00
1Q-endOpen House Co., Ltd. (3288)

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3.

Forecast of Consolidated Operating Results for FY2014(October 1, 2013 to September 30, 2014)(% figures indicate year-on-year change)

Revenue
Million yen

Operating income%Million yen%

Full year
115,000 18.6
13,700 34.5
(Note) Revision of the latest consolidated results forecast: None

Ordinary income
Million yen

Net income%Million yen

12,600 37.3

7,700

EPS%

36.0

Yen

273.33*Notes:(1) Significant changes in consolidated subsidiaries during the period(Changes in specific subsidiaries resulting in a change in the scope of consolidation):
None(2) Adoptions of special accounting methods in presentation of quarterly financial statements: Yes(3) Changes in accounting policies, changes of accounting estimates, and revisions and restatementsⅰ) Changes in accounting policies in accordance with changes in accounting principles: Noneⅱ) Changes in accounting policies other than the above:
Noneⅲ) Changes in accounting estimates:Noneⅳ) Revisions and restatements:
None(4) Number of shares issued and outstanding (common stock)ⅰ) Number of shares issued at period-end (including treasury stock)June 30, 2014: 28,600,000 shares
September 30, 2013: 28,025,000 sharesⅱ) Treasury stock at period-end
June 30, 2014:― shares

September 30, 2013:― sharesⅲ) Average number of shares issued (cumulative consolidated quarterly periods)
June 30, 2014: 28,027,106 shares
June 30, 2013: 18,925,000 shares(Note) The Company split one share of common stock into 1,000 shares effective June 28, 2013. Number of shares
above is calculated on the assumption that the stock split was conducted at the beginning of the previous fiscal
year.

* Notes regarding forward-looking statements:
Consolidated business forecasts are based on assumptions from information available to management at the time of disclosureand those deemed to be reasonable.
Actual results may differ significantly from forecast due to various unpredictable reasons.

Open House Co., Ltd. (3288)

2|Consolidated Quarterly Financial Statements1）Consolidated Quarterly Balance Sheets(Million yen)

End of FY 2013
(September 30, 2013)

End of FY 2014 3Q(June 30, 2014)

AssetsCurrent assets
Cash and cash equivalents

26,077

16,304

Accounts receivable, trade
Real estate for sale

276
6,928

223
10,062

Real estate for sale in process
Operating loans

35,802
4,700

55,902
4,856

Other
Allowance for doubtful accounts

2,591△892,334△90

Total current assets

76,28689,593Fixed assets
Tangible fixed assets

315628Intangible fixed assets
Investments and other assets205
1,227

164
1,432

Total fixed assets

1,748

2,226

Deferred assets
Total assets

33

25

78,06991,846

Liabilities
Current liabilities
Accounts payable

2,561

2,970

Short-term loans payable
Current portion of long-term loans payable

15,253
7,271

24,664
7,636

Current portion of bonds
Income taxes payable

1,380
2,812

440
1,397

Reserves
Other

729
5,646

639
6,017

Total current liabilities

35,65543,765400

820

11,9449

13,271
1096

66

12,45014,167

48,10557,933Long-term liabilities
Bonds payable
Long-term loans payableReserves
Other
Total long-term liabilities
Total liabilities

Open House Co., Ltd. (3288)

3|(Million yen)

End of FY 2013
(September 30, 2013)

End of FY 2014 3Q(June 30, 2014)

Net assets
Shareholders’ equity
Capital stocks

3,972

3,980

Capital surplus
Retained earnings

5,873
20,1595,882
24,084

Total shareholders’ equity

30,00533,947513

Foreign currency translation adjustment△46△48

Accumulated other comprehensive income△41△3429,963

33,912

78,06991,846

Other comprehensive income
Net unrealized holding gains/losses on securities

Total net assets
Total liabilities and net assets

Open House Co., Ltd. (3288)

4|2）Consolidated Quarterly Statements of Income and Consolidated Quarterly Statements of Comprehensive Income
Consolidated Quarterly Statements of Income(Million yen)

3Q ended September 30, 2013
(From October 1, 2012
to June 30, 2013)

3Q ended September 30, 2014
(From October 1, 2013
to June 30, 2014)

Revenue

53,99372,737

Cost of revenue

45,13259,007Gross profit

8,861

13,730

Selling, general and administrative expenses

5,150

5,239

Operating income

3,710

8,490

150284

134

Other

41

36

Total non-operating income

328

78

Interest expenses
Commission662
182

604
108

Other50

89

Non-operating income
Interest income
Dividends income
Foreign exchange gain

Non-operating expenses

895

802

Ordinary income

Total non-operating expenses

3,143

7,766

Income before income taxes and minority interests

3,143

7,766

Income taxes-current

1,148

3,141

Income before minority interests

1,994

4,625

Net income

1,994

4,625

Open House Co., Ltd. (3288)

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Consolidated Quarterly Statements of Comprehensive Income(Million yen)

3Q ended September 30, 2013
(From October 1, 2012
to June 30, 2013)

3Q ended September 30, 2014
(From October 1, 2013
to June 30, 2014)

1,994

4,625

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

6△618△1Total other comprehensive income

△546

1,940

4,632

1,940

4,632

Net income before minority interests
Other comprehensive income

Comprehensive income(Breakdown)Comprehensive income attributable toshareholders’ of the parent

Open House Co., Ltd. (3288)

6|3） Notes to Consolidated Quarterly Financial Statements(Notes on Going Concern Assumptions)Not applicable.
(Notes on Significant Changes in the Amount of Shareholders’ Equity)
Not applicable.
(Segment and Other Information)
The third quarter of the fiscal year ended September 30, 2014 (October 1, 2013 to June 30, 2014)
Information relating to the amounts of revenue, income and loss by reportable segment

Reportable Segment（Million yen）
Amount Recorded onAdjustments Consolidated Quarterly(Note 1)
Statements of Income

Real Estate
Brokerage

Real Estate
Sales

Real Estate
Financing

2,172

70,280283

72,737―72,737

1,959

―

―

1,959

△1,959―4,132

70,280283

74,696△1,95972,737

1,411

7,050

122

8,584

△948,490

Total(Note 2)

Revenue
Revenue from Outside
Customers
Intersegment revenue andtransfers
Total
Segment Income (Loss)(NOTE)
１.

2.

Adjustment of -¥94 million for segment income includes intersegment elimination of ¥31 million and corporate
expenses of -¥126 million that is not distributed to the reportable segments. Corporate expenses are primarily
general and administrative expenses that do not belong to the reportable segments.
Segment income has been adjusted to operating income described in consolidated quarterly statements of income.

Open House Co., Ltd. (3288)

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