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 First Quarter Ended September 30, 2015 〔Based on Japanese GAAP〕
February 13, 2015
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
February 13, 2015
Yes
No

(Million yen, rounded down)

1.

Consolidated Financial Results for the First Quarter Ended September 30, 2015
（October 1, 2014 to December 31, 2014）(1) Consolidated operating results (Year-to-date)
Revenue
Operating income
Million yen

FY 2015 1Q
FY 2014 1Q(Note) Comprehensive income:%Million yen(% figures indicate year-on-year change)

Ordinary income%Million yen

29,035
59.3
2,729
52.9
18,224―
1,785―
From October 1, 2014 to December 31, 2014
From October 1, 2013 to December 31, 2013
EPSNet income%Million yen

2,545
60.3
1,624
1,588―
942¥ 1,622 million (72.4%)¥ 940 million (― %)

%

72.4
―

Diluted EPS
Yen
56.59
33.62

Yen
FY 2015 1Q―FY 2014 1Q
32.84(Note)
Since consolidated financial Statements for the first quarter ended September 2013 were not prepared, the percentagechanges from the same period for the first quarter ended September 2014 are not shown.
(2) Consolidated Financial Position
Total assets
December 31, 2014
September 30, 2014
(Reference) Shareholders’ equity:2.

Net assets

Million yen110,371
100,577
As of December 31, 2014:
As of September 30, 2014:

Million yen

Equity ratio

37,54937,047¥37,549 million yen¥37,047 million yen

%

34.0
36.8

Dividends
1Q-endFY 2014
FY 2015――

Annual dividends per share (Yen)
2Q-end3Q-endYear-end
0.00
―
40.00

Total
40.00

―
FY 2015 (Forecast)
0.00
50.00
50.00
(Note) Revision of the latest dividend forecast: Yes
Breakdown for dividends of FY2014:
Common dividend: ¥35.00 and commemorative dividend: ¥5.00
Breakdown for dividends of FY2015 (Forecast):Common dividend: ¥50.00

Open House Co., Ltd. (3288)

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3.

Forecast of Consolidated Operating Results for FY2015(October 1, 2014 to September 30, 2015)(% figures indicate year-on-year change)

Revenue

Operating income

Ordinary income

Million yen%

Million yen%

Million yen%

Yen

2Q (Cumulative)
72,000 30.9
7,300
Full year
166,000 48.0
17,400(Note) Revision of the latest consolidated results forecast:

△3.4
26.6
Yes

6,800
16,300

△3.8
26.5

4,300
10,3002.3
32.7

149.83358.89(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

Million yen%

Net income

EPS*Notes:(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)
December 31, 2014: 28,700,000 shares
September 30, 2014:ⅱ) Treasury stock at period-end
December 31, 2014: ― shares

September 30, 2014:

28,700,000 shares― sharesⅲ) Average number of shares issued (cumulative consolidated quarterly periods)
December 31, 2014: 28,700,000 shares
December 31, 2013: 28,025,000 shares* 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)

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

End of FY 2014
(September 30, 2014)

End of FY 2015 1Q(December 31, 2014)

AssetsCurrent assets
Cash and cash equivalents

26,42627,012

Accounts receivable, trade
Real estate for sale

256
9,541

242
11,287

Real estate for sale in process
Operating loans

53,826
5,076

60,985
4,988

Other
Allowance for doubtful accounts

3,155
△86

3,340
△88

Total current assets

98,196

107,769

Fixed assets
Tangible fixed assets

720

796

Intangible fixed assets
Investments and other assets

161
1,476

169
1,608

Total fixed assets

2,358

2,574

23

27

100,577

110,371

Deferred assets
Total assets
Liabilities
Current liabilities
Accounts payable

3,640

3,958

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

24,721
7,097

28,468
6,773

Current portion of bonds
Income taxes payable

440
3,579

440
931

Reserves
Other939
5,850

680
6,970

Total current liabilities

46,26948,223Long-term liabilities
Bonds payable
Long-term loans payable
Net defined benefit liability
Other
Total long-term liabilities
Total liabilities

730

900

16,418
10

23,592
10101

95

17,261

24,59963,53072,822

Open House Co., Ltd. (3288)

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(Million yen)

End of FY 2014
(September 30, 2014)

End of FY 2015 1Q(December 31, 2014)

Net assets
Shareholders’ equity
Capital stocks

3,982

3,982

Capital surplus

5,883

5,883

Retained earnings

27,222

27,698

Total shareholders’ equity

37,08837,564

1114Foreign currency translation adjustment△53△57Accumulated other comprehensive income△41△43―28

Other comprehensive income
Net unrealized holding gains/losses on securities

Subscription rights to shares
Total net assets
Total liabilities and net assets

37,04737,549100,577

110,371

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)

1Q ended September 30, 2014
(From October 1, 2013
to December 31, 2013)

1Q ended September 30, 2015
(From October 1, 2014
to December 31, 2014)

Revenue

18,22429,035

Cost of revenue

14,882

24,292Gross profit

3,342

4,742

Selling, general and administrative expenses

1,556

2,013

Operating income

1,785

2,729

Non-operating income
Interest income

12

Dividends income
Foreign exchange gain

075

2107

Other

15

16

Total non-operating income

91

128

Interest expenses
Commission

207
49

202
91

Other

32

18

Non-operating expenses

289

312

Ordinary income

Total non-operating expenses

1,588

2,545

Income before income taxes and minority interests1,588

2,545

Income taxes-current

646

921

Income before minority interests

942

1,624

Net income

942

1,624

Open House Co., Ltd. (3288)

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Consolidated Quarterly Statements of Comprehensive Income(Million yen)

Net income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable toshareholders’ of the parent

1Q ended September 30, 2014
(From October 1, 2013
to December 31, 2013)

1Q ended September 30, 2015
(From October 1, 2014
to December 31, 2014)

942

1,6240△12△4△1△2940

1,622940

1,622Open 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)
Ⅰ FY2014 1Q(October 1, 2013 to December 31, 2013)

Information relating to the amounts of revenue, income and loss by reportable segment

Reportable Segment
Real Estate Real Estate Real Estate
BrokerageSalesFinancing

Total（Million yen）
Amount Recorded on
Adjustments Consolidated Quarterly(Note 1)
Statements of Income(Note 2)

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

670

17,460

581

―

94―

18,224―

18,224

581

△581

―

1,251

17,46094

18,806△581

18,224

443

1,338

33

1,815

△291,785(NOTE)
１.

Adjustment of -¥29 million for segment income includes intersegment elimination of ¥11 million and corporate
expenses of -¥40 million that is not distributed to the reportable segments. Corporate expenses are primarily generaland 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.

2.

Ⅱ FY2015 1Q(October 1, 2014 to December 31, 2014)

Information relating to the amounts of revenue, income and loss by reportable segment

Reportable Segment
Real Estate Real Estate Real Estate
Brokerage
Sales
Financing

Total（Million yen）
Amount Recorded on
Adjustments Consolidated Quarterly(Note 1)
Statements of Income(Note 2)

Revenue
Revenue from OutsideCustomers
Intersegment revenue andtransfersTotal
Segment Income (Loss)

826

28,114827―

93―29,035―

29,035

827

△827―

1,654

28,11493

29,862△827

29,035618

2,109

432,771△412,729(NOTE)
１.

2.

Adjustment of -¥41 million for segment income includes intersegment elimination of ¥8 million and corporate
expenses of -¥50 million that is not distributed to the reportable segments. Corporate expenses are primarily generaland 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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Outlook for FY2015
The Company has revised its forecast of consolidated operating results for FY2015 2Q and Full-year announced onNovember 13, 2014, as follows. These revisions are based on recent result trends, and reflecting the forecast of operating
results of “Asakawa Home” that became a consolidated subsidiary on January 15, 2015.

Revision of Consolidated Operating Results Forecast for FY2015 2Q (October 1, 2014 to December 31, 2014)(Million yen)

Revenue

Operatingincome

OrdinaryincomeNet income

EPS (Yen)

Previous Forecast (A)64,000

6,200

5,600

3,500

121.95

Revised Forecast (B)72,000

7,300

6,800

4,300

149.83

Change (B-A)

8,000

1,100

1,200

800

－

Percentage change (%)

12.5

17.7

21.4

22.9

－（Reference）
Results for FY2014 2Q

54,993

7,557

7,072

4,203

150.00

Revision of Consolidated Operating Results Forecast for FY2015 (October 1, 2014 to September 30, 2015)(Million yen)

Revenue

Operatingincome

Ordinary
incomeNet income

EPS (Yen)

Previous Forecast (A)145,000

15,70014,5009,100

317.07

Revised Forecast (B)166,000

17,40016,30010,300358.89Change (B-A)

21,000

1,700

1,800

1,200－

14.5

10.8

12.4

13.2－

112,145

13,746

12,882

7,763

275.50Percentage change (%)（Reference）
Results for FY2014

Open House Co., Ltd. (3288)

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