Note: Please note that this document is a Japanese-English translation of the su
mmary of the official announcement in Japanese “Kessan Tanshin” for reference purposes only.

Summary of Consolidated Financial Results
for the Third Quarter Ended September 30, 2017〔Based on Japanese GAAP〕
August 14, 2017

Company name:Open House Co., Ltd.

Stock exchange listings:
Code Number:
URL:
Representative:
Scheduled date of quarterly securities report filing:
Supplementary materials for quarterly financial results:
Quarterly results briefing meeting :Tokyo Stock Exchange, First section3288
http://openhouse-group.com/irMasaaki Arai, President and CEO
August 14, 2017
YesNo
(Million yen, rounded down)

1.

Consolidated Financial Results for the Third Quarter Ended September 30, 2017
（October 1, 2016 to June 30, 2017）(1) Consolidated operating results (Cumulative)
Revenue(% figures indicate year-on-year change)

Operating income

Ordinary income

Nine months ended
Million yen%
Million yen%
Million yen%
June 30, 2017
211,427
17.2
25,41412.4
24,244
11.1
June 30, 2016
180,43448.2
22,60777.3
21,81480.0(Note) Comprehensive income: Nine months ended June 30, 2017¥15,821 million (13.0%)
Nine months ended June 30, 2016
¥13,995 million (84.6%)
EPS
Nine months ended
June 30, 2017
June 30, 2016

Profit attributable toowners of parent
Million yen%

15,762
13,974

12.8
84.6

Diluted EPS
Yen
281.60247.80Yen
280.00246.77(2) Consolidated Financial Position
Total assets
Net assets
Equity ratio
As ofMillion yen
Million yen%
June 30, 2017
241,958
74,28830.5
September 30, 2016
204,868
64,08431.1(Reference) Shareholders’ equity:
As of June 30, 2017
¥73,872 million yen
As of September 30, 2016 ¥63,708 million yen

2.

Dividends
1Q-end――FY 2016
FY 2017
FY 2017 (Forecast)(Note) Revision of the latest dividend forecast: Yes

3.

Annual dividends per share (Yen)
2Q-end3Q-endYear-end
0.00―50.00―30.0035.00

Forecast of Consolidated Operating Results for FY2017(October 1, 2016 to September 30, 2017)
Revenue
Million yen

Operating income%Million yen%

Full year
300,000 21.4
35,000 11.7(Note) Revision of the latest consolidated results forecast: NoTotal
50.00
65.00

(% figures indicate year-on-year change)Profit attributable toowners of parent

Ordinary income
Million yen

34,000%

16.6

Million yen

22,000%17.6

Open House Co., Ltd. (3288)

EPS
Yen

393.041|

*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, 2017: 57,447,400 shares
September 30, 2016: 57,400,000 sharesⅱ) Treasury stock at period-end
June 30, 2017:
1,673,194 shares
September 30, 2016:
1,215,836 sharesⅲ) Average number of shares issued (cumulative consolidated quarterly periods)
June 30, 2017: 55,973,249 shares
June 30, 2016:
56,393,250 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)

As of September 30, 2016

As of June 30, 2017

AssetsCurrent assets
Cash and cash equivalentsAccounts receivable, trade
Real estate for sale
Real estate for sale in process
Operating loans
Other
Allowance for doubtful accounts
Total current assets

67,508577
34,434
83,112
5,708
5,602
（151）
196,792

80,976742
24,556113,368
5,615
6,330
（138）
231,451

Fixed assets
Tangible fixed assets
Intangible fixed assets
Investments and other assets
Total fixed assets

2,651
1,389
3,972
8,013

3,066
1,336
6,049
10,45262
204,86854
241,958

8,874
34,937
582
8,458
6,594
1,745
13,09674,288

10,39345,078562
10,2683,463
1,443
12,24383,451

2,555
63,79211
81
55
66,4952,144
81,92312
81
56
84,217140,784

167,669

3,982
5,883
55,723（1,852）
63,736

4,019
5,921
67,003（3,102）
73,841Other comprehensive income
Net unrealized holding gains/losses on securities
Foreign currency translation adjustment

5（33）

822

Accumulated other comprehensive income
Subscription rights to shares

（28）
375

31
415

Deferred assets
Total assets
Liabilities
Current liabilities
Accounts payable
Short-term loans payable
Current portion of bonds
Current portion of long-term loans payable
Income taxes payable
Reserves
OtherTotal current liabilities
Long-term liabilities
Bonds payable
Long-term loans payable
Net defined benefit liability
Asset retirement obligations
Other
Total long-term liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity

Total net assets
Total liabilities and net assets

64,084
204,868

Open House Co., Ltd. (3288)

74,288
241,958

3|2）Consolidated Quarterly Statements of Income and Consolidated Quarterly Statements of Comprehensive Income
Consolidated Quarterly Statements of Income(Million yen)

Nine months ended
June 30, 2016
(From October 1, 2015
to June 30, 2016)

Nine months ended
June 30, 2017
(From October 1, 2016
to June 30, 2017)

Revenue
Cost of revenue

180,434
146,738

211,427
172,842

Gross profit

33,69538,585

Selling, general and administrative expenses

11,087

13,171

Operating income

22,60725,41452

10
3Foreign exchange gains
Other―
146

224
145

Total non-operating income

154382Non-operating income
Interest income
Dividends income

Non-operating expenses
Interest expenses

593

635

Commission fee
Foreign exchange losses

24224

664
―

Other

104

252

Total non-operating expenses

947

1,552

Ordinary income

21,81424,244

Income before income taxes

21,81424,244

Income taxes-current

7,840

8,482

Profit13,974

15,762

Profit attributable to owners of parent

13,974

15,762

Open House Co., Ltd. (3288)

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Consolidated Quarterly Statements of Comprehensive Income(Million yen)

Nine months ended
September 30, 2016
(From October 1, 2015
to June 30, 2016)
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income

Nine months ended
September 30, 2017
(From October 1, 2016
to June 30, 2017)

13,974

15,762

(4)
26

3
56

21

59

13,995

15,821

13,995

15,821(Breakdown)Comprehensive income attributable to owners ofparent

Open House Co., Ltd. (3288)

5|3） Notes to Consolidated Quarterly Financial Statements(Notes on Going Concern Assumptions)Not applicable(Notes on Significant Changes in the Amount of Shareholders’ Equity)
Pursuant to a resolution passed by the Board of Directors at the meeting held November 14, 2016, the Company haspurchased 457,300 shares of treasury stock. This will raise the amount of treasury stock by 1,249 million yen in thecumulative term of the consolidated third quarter, bringing the treasury stock to 3,102 million yen at the end of theconsolidated third quarter.
(Adoption of Special Accounting Methods for Preparation of Quarterly Consolidated Financial Statements)
The tax expenses are calculated based on a logical estimate of the effective tax rate after applying tax effectaccounting to income before income taxes for the consolidated fiscal year including the third quarter under review
and then multiplying income before income taxes for the quarter by the estimated effective tax rate.
(Segment and Other Information)
Ⅰ Nine months ended September 30, 2016

(October 1, 2015 to June 30, 2016)

Information relating to the amounts of revenue, income or loss by reportable segment（Million yen）
Reportable Segment

Amount Recorded on
Adjustments
Consolidated(Note 1)
Quarterly Statementsof Income (Note 2)

Brokerage

Singlefamily
homes

OpenCondomin Property
Houseiumresales
Architect3,083

89,862

21,6609,647

55,877

303

180,434－

180,434

3,135

－

3,993

13

3

40

7,185

(7,185)－

6,219

89,86225,6539,660

55,880343

187,620(7,185)

180,434

2,180

9,766

1,083

1,003

8,606

108

22,748(140)

22,607

OthersTotalRevenue
Revenue from
Outside Customers
Intersegment
revenue and transfers
TotalSegment Income(Note)
１.

2.

Adjustment of (140) million yen for segment income includes intersegment elimination of ¥77 million yen andcorporate expenses of (218)million yen that is not distributed to the reportable segments. Corporate expenses areprimarily 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.
Ⅱ Nine months ended September 30, 2017

(October 1, 2016 to June 30, 2017)ⅰ Information relating to the amounts of revenue, income or loss by reportable segment（Million yen）
Reportable Segment
Brokerage

Singlefamily
homes

Open
Condomi Property
House
nium
resalesArchitect

OthersTotal

Amount Recorded on
Adjustments
Consolidated(Note 1)
Quarterly Statementsof Income (Note 2)

Revenue
Revenue from
Outside Customers
Intersegment
revenue and transfers
TotalSegment Income (Loss)

3,862 108,048

21,843

9,262

67,813597

211,427－

211,427

3,829

135

4,324－

507

36

8,834

(8,834)－

7,691 108,184

26,167

9,262

68,321

634

220,262(8,834)

211,427

2,530

1,261

760

8,947

（0）

25,501（87）

25,41412,002(Note)
１. Adjustment of (87) million yen for segment income (loss) includes intersegment elimination of ¥127 million yen andcorporate expenses of (214) million yen that is not distributed to the reportable segments. Corporate expenses areprimarily general and administrative expenses that do not belong to the reportable segments.

Open House Co., Ltd. (3288)

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2.

Segment income (loss) has been adjusted to operating income described in consolidated quarterly statements ofincome.
ⅱ

Notes relating to changes in reportable segments etc(Changes in names of reportable segments)
The Group changed the name of “Asakawa Home” reportable segment to “Open House Architect” from the firstquarter of the current fiscal year. This change had no effect on profit and loss for the current fiscal year.
Segment information for the third quarter of the previous fiscal year on a consolidated basis was prepared based on
the segment category applied for the same period of the fiscal year under review.

Open House Co., Ltd. (3288)

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