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 Fiscal Year Ended September 30, 2015 〔Based on Japanese GAAP〕

November 13, 2015
Open House Co., Ltd.
Tokyo Stock Exchange, First section
3288
http://openhouse-group.com/ir
Masaaki Arai, President and CEO
December 22, 2015
December 24, 2015
December 24, 2015
Yes
Yes （for institutional investors and analysts, in Japanese)

Company name:
Stock exchange listings:
Code Number:
URL:
Representative:
Scheduled date of annual general meeting of shareholders :Scheduled date of dividends:
Scheduled date of annual securities report filing:
Supplementary materials for financial results:
Results briefing meeting :(Million yen, rounded down)

1.

Consolidated Financial Results for the fiscal year ended September 30, 2015
(October 1, 2014 to September 30, 2015)(1) Consolidated Operating Results
Revenue
Million yen(% figures indicate year-on-year change)

Operating income%

Million yen

Ordinary income%

FY 2015
179,31759.9
21,30055.0
FY 2014112,145
15.6
13,74635.0(Note) Comprehensive income: From October 1, 2014 to September 30, 2015
From October 1, 2013 to September 30, 2014
EPS

Diluted EPS
Yen

Net income

Million yen%

Million yen

ROE%

FY 2015222.07221.8629.9
FY 2014137.75135.2923.2(Reference) Equity in net income of affiliated companies: As of September 30, 2015:
As of September 30, 2014:

62.8
37.1

Operating income
Margin

ROA

Yen

%

20,294
57.5
12,637
12,88240.3
7,763¥ 12,626 million (62.6%)¥ 7,763 million (38.1%)

%

%

15.4
14.4
¥ － million¥ － million

11.9
12.3

(Note) The company conducted a 2-for-1 stock split of common stock with an effective date of July 1, 2015. EPS and Diluted EPS calculated
assuming the stock split was conducted at the beginning of the previous fiscal year.

(2) Consolidated Financial Position
Total assets
September 30, 2015
September 30, 2014
(Reference) Shareholders’ equity:

Million yen

Net assets

162,447
100,577
As of September 30, 2015:
As of September 30, 2014:

Million yen

Equity ratio

47,60937,047¥ 47,453 million¥ 37,047 million

Net assets per share
%

29.2
36.8

Yen

838.59645.42(Note) The company conducted a 2-for-1 stock split of common stock with an effective date of July 1, 2015. Net assets per share calculated
assuming the stock split was conducted at the beginning of the previous fiscal year.

(3) Consolidated Cash Flows
Cash flows fromoperating activities
FY 2015
FY 2014

Million yen(15,216)(11,382)

Cash flows frominvesting activities
Million yen

1,769(2,620)Cash flows fromfinancing activities
Million yen

32,29012,495

Cash and cash
equivalents at FY end
Million yen

43,32524,426

Open House Co., Ltd. (3288)

1|

2.

Dividends
Annual dividends per share
1Q-end2Q-end3Q-endYear-end

Total

Yen
―
―
―

Yen
0.00
0.00
0.00

Yen
―
―
―

Yen
40.00
30.00
40.00

Yen
40.00
30.00
40.00

FY 2014
FY 2015
FY 2016 (Forecast)

Dividend on
Total dividends Payout ratio
equity(Consolidated)(Annual)(Consolidated)
Million yen
1,148
1,697

%
14.5
13.5

%
3.4
4.0

14.7

(Note) The company conducted a 2-for-1 stock split of common stock with an effective date of July 1, 2015.
Actual dividends per share prior to the stock split have been shown for FY 2014.
Breakdown for dividends of FY2014:
Breakdown for dividends of FY2015:

3.

Common dividend: ¥35.00 and commemorative dividend: ¥5.00
Common dividend: ¥30.00 (Pre-stock-split basis: ¥60.00)

Forecast of Consolidated Operating Results for FY2016(October 1, 2015 to September 30, 2016)
Revenue
2Q (Cumulative)
Full year(% figures indicate year-on-year change)

Operating income

Ordinary income

Profit attributable toowners of parent

EPS

Million yen%

Million yen%

Million yen%

Million yen%

Yen107,000
240,000

36.2
33.8

11,20025,00030.9
17.4

10,70024,000

31.5
18.3

6,900
15,50035.7
21.7

121.25272.38*Notes:(1) Significant changes in consolidated subsidiaries during the period(Changes in specific subsidiaries resulting in a change in the scope of consolidation):New:

1 (Asakawa Home Co.,Ltd.)

Excluded:

Yes

None

(2) 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(3) Number of shares issued and outstanding (common stock)ⅰ) Number of shares issued at period-end (including treasury stock)
September 30, 2015:

57,400,000 shares

September 30, 2014:

57,400,000 shares

September 30, 2014:― shares

September 30, 2014:

56,360,000 sharesⅱ) Treasury stock at period-end
September 30, 2015:

813,257 sharesⅲ) Average number of shares issued
September 30, 2015:

56,905,990 shares

Note) The company conducted a 2-for-1 stock split of common stock with an effective date of July 1, 2015.
Number of shares issued and outstanding (common stock) calculated assuming the stock split was conducted at the beginningof the previous fiscal year.

Open House Co., Ltd. (3288)

2|

[Reference] Non-Consolidated Financial Results for the fiscal year ended September 30, 2015
(October 1, 2014 to September 30, 2015)(1) Non-Consolidated Operating Results
Operating revenue
FY 2015
FY 2014

Million yen

7,255
5,728

(% figures indicate year-on-year change)

Operating income
%

26.7
21.7

EPS

Million yen

%

2,289
1,817

26.0
38.3

Million yen

Net income
%

2,646
2,186

21.0
52.7

Million yen

%

1,678
1,371

22.3
55.5

Diluted EPSYen

FY 2015
FY 2014

Ordinary income

Yen

29.49
24.34

29.47
23.91

(Note) The company conducted a 2-for-1 stock split of common stock with an effective date of July 1, 2015. EPS and Diluted EPS
calculated assuming the stock split was conducted at the beginning of the previous fiscal year.

(2) Non-Consolidated Financial Position
Total assets
September 30, 2015
September 30, 2014
(Reference) Shareholders’ equity:

Million yen

Net assets

23,173
15,941
As of September 30, 2015:
As of September 30, 2014:

Million yen

13,871
14,260¥ 13,714million¥ 14,260million

Equity ratio

Net assets per share
%

59.2
89.5

Yen

242.36248.44(Note) The company conducted a 2-for-1 stock split of common stock with an effective date of July 1, 2015. Net assets per sharecalculated assuming 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
disclosure and those deemed to be reasonable.
Actual results may differ significantly from forecast due to various unpredictable reasons.

Open House Co., Ltd. (3288)

3|

Consolidated Financial Statements1）Consolidated Balance Sheets(Million yen)
FY 2014(as of September 30, 2014)

FY 2015(as of September 30, 2015)

Cash and cash equivalents

26,42643,330Accounts receivable, trade

256

628

AssetsCurrent assets

Real estate for sale

*2

9,541

Real estate for sale in process*2

Operating loans*2

Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets*2

22,23553,826*2

80,379

5,076

*2

5,657

906

1,121

2,248

3,355

(86)

(171)

98,196

156,535

Fixed asset
Tangible fixed assets
Buildings and structures
Accumulated depreciation*3

Buildings and structures, net

*2

(186)

*3

376

Land

206

Other
Accumulated depreciation

563

Other, net

(301)

(840)
1,629

*2

909

*3

(557)

438
*3

2,470

819

137

261

720

2,799

161

1,490

Investment securities

242

120

Deferred tax assets

19

121

Total tangible fixed assets
Intangible fixed assets
Investments and other assets

Other
Total investments and other assets

*1

1,214

*1

1,301

1,476

1,544

2,358

5,834

Bond issuance cost

23

76

Total deferred assets

23

76

100,577

162,447

Total fixed assets
Deferred assets

Total assets

Open House Co., Ltd. (3288)

4|

(Million yen)

FY 2014(as of September 30, 2014)

FY 2015(as of September 30, 2015)

Liabilities
Current liabilities
Accounts payable
Short-term loans payable
Current portion of long-term loans payable

3,640

7,775

*2,*4

24,721*2,*4

33,498

*2

7,097

*2

7,959

Current portion of bonds

440

662

Income taxes payable

3,579

5,308

Advances received

3,114

6,392

Guarantee deposits received

1,503

2,080

Provision for bonuses

581

905

Provision for warranties for completed construction

358

512

Other

1,232

1,943

Total current liabilities

46,26967,037Long-term liabilities
Bonds payable
Long-term loans payable730*2

16,4183,137*244,276

Deferred tax liabilities

45

49

Provision for retirement benefits

1012

Net defined benefit liability

－

96

Other

56

228

17,26147,79963,530114,837

3,982

3,982

Total long-term liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stocks
Capital surplus

5,883

5,883

Retained earnings

27,222

38,711－(1,072)37,08847,505

Treasury stock
Total shareholders’ equity
Other comprehensive income
Net unrealized holding gains/losses on securities

118

Foreign currency translation adjustment

(53)

(60)

Accumulated other comprehensive income

(41)

(51)

－

156

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

37,04747,609100,577

162,447

Open House Co., Ltd. (3288)

5|2）Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income(Million yen)

Revenue
Cost of revenue

FY2014(From October 1, 2013
to September 30, 2014)
112,145*2

Gross profit
Selling, general and administrative expenses
Operating income

91,150FY2015(From October 1, 2014
to September 30, 2015)
179,317*2

20,994*1

7,248

146,001
33,316*1

12,015

13,746

21,30087Non-operating income
Interest income
Dividends income

1

3

Insurance income

1837

Gain on sales of investment securities－

76

Foreign exchange gain

119

106

Other

33

77

Total non-operating income

180

310

Interest expenses

794

908

Commission fee

129

174

Other

120

233

Non-operating expenses

1,044

1,315

Ordinary income

Total non-operating expenses

12,882

20,294

Income before income taxes and minority interests

12,882

20,294

Income taxes-current

5,312

7,702

Income taxes-deferred

(194)

(44)

Total income taxes

5,118

7,657

Income before minority interests

7,763

12,637

Net income

7,763

12,637

Open House Co., Ltd. (3288)

6|

Consolidated Statements of Comprehensive Income(Million yen)

FY2014(From October 1, 2013
to September 30, 2014)
Net income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities

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

7,763

12,637

6

(3)

(6)

Foreign currency translation adjustment
Total other comprehensive income

FY2015(From October 1, 2014
to September 30, 2015)

*1,*2

0

(6)
*1,*2

(10)

7,763

12,626

7,763

12,626

Open House Co., Ltd. (3288)

7|3）Consolidated Statements of Changes in Shareholders' Equity
FY2014 (From October 1, 2013 to September 30, 2014)(Million yen)

Shareholders’ equity
Capital stock
Balance at October 1, 2013

Capital surplus

3,972

5,873

10

10

Retained earnings

Total shareholders’equity20,15930,005

Change of items during the period
Issuance of new shares

20

Dividends from surplus

(700)

(700)

Net income

7,763

7,763

Net changes of items other thanshareholders’ equity－

Total changes of items during theperiod

10

10

7,062

7,083

Balance at September 30, 2014

3,982

5,883

27,22237,088

Accumulated other comprehensive income
Valuationdifference on
available-for-salesecurities
Balance at October 1, 20135

Foreign currencytranslation
adjustment(46)

Total accumulated
othercomprehensive
income(41)

Total net assets

29,963

Change of items during the period
Issuance of new shares

20

Dividends from surplus(700)

Net income

7,763

Net changes of items other thanshareholders’ equity
Total changes of items during theperiodBalance at September 30, 2014

6

(6)

0

0

6

(6)

0

7,083

11

(53)

(41)

37,047

Open House Co., Ltd. (3288)

8|

FY2015 (From October 1, 2014 to September 30, 2015)(Million yen)

Shareholders’ equity

Balance at October 1, 2014

Capital stock

Capital surplus

3,982

5,883

Retainedearnings

Treasury stock

Total
shareholders’equity－37,08827,222

Change of items during the period
Dividends from surplus(1,148)(1,148)Net income

12,637

12,637Purchase of treasury stock
Net changes of items other thanshareholders’ equity
Total changes of items during theperiodBalance at September 30, 2015

(1,072)(1,072)－－

11,489(1,072)

10,416

3,982

5,883

38,711(1,072)47,505

Accumulated other comprehensive income

Balance at October 1, 2014

Valuationdifference on
available-for-salesecurities

Foreign currencytranslation
adjustment

Total
accumulated
othercomprehensive
incomeSubscription
rights tosharesTotal net
assets

11

(53)

(41)

－

37,047

Change of items during the period
Dividends from surplus(1,148)Net income

12,637Purchase of treasury stock(1,072)

Net changes of items other thanshareholders’ equity

(3)

(6)

(10)

156

145

Total changes of items during theperiod

(3)

(6)

(10)

156

10,562

Balance at September 30, 2015

8

(60)

(51)

156

47,609Open House Co., Ltd. (3288)

9|４）Consolidated Statements of Cash Flows（Millions of yen）

FY, 2014(From October 1, 2013
to September 30, 2014)

FY2015(From October 1, 2014
to September 30, 2015)

12,882

20,294

147

332

Cash flows from operating activities
Income before income taxes and minority interests
Depreciation and amortization
Stock based compensation expense-

156

Loss (Profit) on sales of investment securities

-

(76)

Increase (Decrease) in provision for bonuses

138

293

Increase (Decrease) in provision for retirement benefits(9)-

Increase (Decrease) in allowance for doubtful accounts
Increase (Decrease) in provision for warranties for completed
construction
Increase (Decrease) in net defined benefit liability

(3)

(11)

71

103

10

1

Interest and dividends income

(9)

(11)

Foreign exchange loss(gain)

(88)

(69)

Interest expense

794

908

Amortization of bond issue cost

24

15

Decrease (Increase) in notes and accounts receivable-trade18

92

Decrease (Increase) in inventories(20,595)(30,850)

Increase (Decrease) in notes and accounts payable-trade

1,079

190

Decrease (Increase) in operating loans

(376)

(580)

Increase (Decrease) in advances received

237

1,063

Increase (Decrease) in guarantee deposits received

15

575

Other

(394)

(621)

Subtotal(6,056)(8,193)

Interest and dividends received

5

14

(790)

(904)

Income taxes paid

(4,541)(6,133)

Net cash provided by (used in) operating activities(11,382)(15,216)

Interest paid

Cash flows from investing activities
Payments into time deposits(2,000)(80)

Proceeds from withdrawal of time deposits

150

3,655

Purchase of tangible fixed assets

(493)

(531)

Purchase of intangible fixed assets

(13)

(99)

Purchase of investment securities

(101)

―

Proceeds from sales and redemption of investment securities―

187

Purchase of stocks of subsidiaries and affiliates
Purchase of investments in subsidiaries resulting in change inscope of consolidation
Payments for lease and guarantee deposits

―

(100)

―

*２

(1,571)

(189)

(316)

Proceeds from collection of lease and guarantee deposits

40

589

Other

(13)

35

(2,620)

1,769

Net cash provided by (used in) investing activities

Open House Co., Ltd. (3288)

10 |（Millions of yen）

FY, 2014(From October 1, 2013
to September 30, 2014)

FY2015(From October 1, 2014
to September 30, 2015)

Proceeds from short-term loans payable

45,94457,519

Repayment of short-term loans payable(36,477)(50,825)

Proceeds from long-term loans payable

19,496

60,668

Repayment of long-term loans payable(15,196)(35,364)

Cash flows from financing activities

Proceeds from issuance of bonds
Redemption of bonds
Proceeds from issuance of stock resulting from exercise ofsubscription rights to shares
Purchase of treasury stock

786

3,150

(1,410)

(591)

20

―

―

(1,079)(700)(1,148)32(38)

12,49532,29083

55

Net increase (decrease) in cash and cash equivalents(1,424)18,899Cash and cash equivalents at beginning of period

25,85024,426

Cash dividends paid
Other
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash equivalents

Cash and cash equivalents at end of period*124,426*1

43,325

Open House Co., Ltd. (3288)

11 |(Notes to Consolidated Balance Sheets)*1

The following items are related to unconsolidated subsidiaries and affiliates.
(Million yen)

FY 2014(as of September 30, 2014)
Other in Investments and other assets

FY 2015(as of September 30, 2015)

168

268

(Investments in capital of subsidiaries and affiliates)*2

Pledged assets and secured liabilities

Pledged assets are as follows.
(Million yen)

FY 2014(as of September 30, 2014)

FY 2015(as of September 30, 2015)

Real estate for sale

5,325

15,813

Real estate for sale in process

46,22367,818Operating loans

3,394

3,701

Buildings and structures

―

536

Land

―

481

54,94488,351

Total
Secured liabilities are as follows.

(Million yen)

FY 2014(as of September 30, 2014)
Short-term loans payable

FY 2015(as of September 30, 2015)

23,02330,871

Current portion of long-term loans payable

7,039

6,683

Long-term loans payable

16,18838,927

46,251

76,483Total*3

The accumulated amount of impairment loss is included in the amount of accumulated depreciation.
(Million yen)

FY 2014(as of September 30, 2014)
Accumulated impairment loss
*4

FY 2015(as of September 30, 2015)14

92

2 consolidated subsidiaries (Open House Development Co., Ltd. and IB Net Co., Ltd.) have current account overdraft

and commitment line agreements, the balance of unexecuted loans as of the end of the fiscal year under review, based onthese agreements, is as follows.
(Million yen)

FY 2014(as of September 30, 2014)
Total loan commitment
Outstanding loans
Balance of unexecuted loans

FY 2015(as of September 30, 2015)

6,500

24,400

952

9,579

5,547

14,820Open House Co., Ltd. (3288)

12 |(Notes to Consolidated Statements of Income)*1

Selling, general and administrative expenses account includes the following major items and amounts(Million yen)
FY2015(From October 1, 2014
to September 30, 2015)

FY2014(From October 1, 2013
to September 30, 2014)
Directors' compensations

359

361

1,021

1,978

Provision for bonuses

127

263

Provision of allowance for doubtful accounts―

5

Salaries

Retirement benefit expenses

33

41

Advertising expenses

912

1,131

Rents

902

1,410

Taxes and dues

729

1,139

Sales commission

670

1,565

*2
The balance of inventories as of the end of the period is the amount after the carrying value is been written down, andthe following appraisal losses are included in the cost of revenue.
(Million yen)
FY2014FY2015(From October 1, 2013
(From October 1, 2014
to September 30, 2014)
to September 30, 2015)
419

119

Open House Co., Ltd. (3288)

13 |(Notes to Consolidated Statements of Comprehensive Income)*1

The amount of recycling associated with other comprehensive income(Million yen)
FY2015(From October 1, 2014
to September 30, 2015)

FY2014(From October 1, 2013
to September 30, 2014)
Valuation difference on available-for-sale securities:
Amount recognized during the year

1070

Amount of recycling

―

(76)

Total

10

(6)

Amount recognized during the year

(6)

(6)

Amount of recycling

―

―

Total

(6)

(6)

Total before income tax effect

4

(13)

Income tax effect

(3)

2

0

(10)

Foreign currency translation adjustment:

Total other comprehensive income*2

The amount of income tax effects associated with other comprehensive income(Million yen)
FY2015(From October 1, 2014
to September 30, 2015)

FY2014(From October 1, 2013
to September 30, 2014)
Valuation difference on available-for-sale securities:
Before income tax effect10

Amount of income tax effects(3)2

After tax effect adjustment

6

(3)

(6)

(6)

(6)

Foreign currency translation adjustment:
Before income tax effectAmount of income tax effects――

After tax effect adjustment

(6)

(6)

Before income tax effect

4

(13)

Amount of income tax effects(3)2

After tax effect adjustment

0

(10)

Total other comprehensive income

Open House Co., Ltd. (3288)

14 |(Notes to Consolidated Statements of Cash Flows)*1
Reconciliation of balance sheet items to cash and cash equivalents in the consolidated statements of cash flows is asfollows.
(Million yen)
FY2014FY2015(From October 1, 2013
(From October 1, 2014
to September 30, 2014)
to September 30, 2015)
Cash and deposits
26,42643,330
Deposits with a term of over 3 months(2,000)(5)Cash and cash equivalents

24,42643,325*2
The relationships between the breakdown of assets and liabilities at time of initial consolidation of Asakawa Home
Co.,Ltd. acquired by share purchase, the total share purchase price, and the payment for such acquisition (net) is as follows

Current assets(Million yen)
17,198

Noncurrent assets

2,488

Goodwill

1,372

Current liabilities(10,493)

Noncurrent liabilities(2,633)Acquisition costs of Asakawa Home

7,933

Asakawa Home’s cash and cash equivalents(6,361)

Difference:

1,571

Payment for purchase of Asakawa Home

Open House Co., Ltd. (3288)

15 |(Segment Information)
1. The reportable segments of the Group comprise those business units for which separate financial information isavailable, and which are subject to a regular review conducted by the Company’s Board of Directors in order todetermine the allocation of management resources and evaluate their performance.
2. Method for calculating revenue, income/loss, assets, liabilities, and other items for reportable segments
The accounting policies of reportable segments are generally the same as those described in “Basis of Presenting theConsolidated Financial Statements.”
Segment income is based on operating income.
3.

Information on revenue, income or loss, and other items by reportable segment
FY2014(October 1, 2013 to September 30, 2014)

Reportable Segment
Real Estate Real Estate Real Estate
Brokerage
Sales
Financing
Revenue
Revenue from Outside
Customers
Intersegment revenue andtransfers
Total

Total

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

3,007

108,760

376

112,145－

112,145

2,720

－

－

2,720

(2,720)－5,728

108,760

376

114,865(2,720)112,145

Segment Income (Loss)

1,987

11,718168

13,874(128)

13,746

Segment assets

2,513

85,8395,328

93,681

6,895

100,577

41

62

7

111

35

147

141

124

－

266

277

544

Other items
Amortization of goodwill
Increase in tangible fixed
assets and intangible fixed
assets(NOTE)
１. Adjustment details are as follows.
1) Adjustment of -¥128million for segment income includes intersegment elimination of ¥42 million and corporate
expenses of -¥170 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.
2) Adjustment for segment assets of ¥6,895 million includes intersegment elimination of -¥1,062 million andcorporate assets of ¥7,958 million that are not allocated to any reportable segment. Corporate assets consist mainly ofassets not belonging to specific segments (cash and time deposits, short-term investments in securities, investments
in securities, etc.) and assets related to administrative operations.
3) Adjustment for depreciation and amortization refers to depreciation expenses related to corporate assets.
4) Adjustments on increases in tangible fixed assets and intangible fixed assets mainly consist of the acquisitions oftangible fixed assets and intangible fixed assets that are treated as corporate assets.
2.

Segment income has been adjusted to operating income described in consolidated statements of income.

Open House Co., Ltd. (3288)

16 |FY2015( October 1, 2014 to September 30, 2015)

Reportable Segment
Real Estate Real Estate Real Estate
Brokerage
Sales
Financing
Revenue
Revenue from Outside
Customers
Intersegment revenue andtransfers

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

3,741

175,192384

179,317－

179,317

3,514

－

－

3,514

(3,514)－

7,255

175,192384

182,831(3,514)

179,317

Segment Income (Loss)

2,492

18,735

186

21,414(114)

21,300

Segment assets

3,238

145,425

5,946

154,611

7,835

162,447

62

213

6

283

49

332

197

3,780

0

3,978

82

4,061

Total

Other items
Amortization of goodwill
Increase in tangible fixed
assets and intangible fixed
assets(NOTE)
１.

Adjustment details are as follows.
1) Adjustment of -¥114million for segment income includes intersegment elimination of ¥89 million and corporate
expenses of -¥204 million that is not distributed to the reportable segments. Corporate expenses are primarily generaland administrative expenses that do not belong to the reportable segments.
2) Adjustment for segment assets of ¥7,835 million includes intersegment elimination of -¥2,094 million andcorporate assets of ¥9,930 million that are not allocated to any reportable segment.
Corporate assets consist mainly of assets not belonging to specific segments (cash and time deposits, short-term
investments in securities, investments in securities, etc.) and assets related to administrative operations.
3)
4)

Adjustment for depreciation and amortization refers to depreciation expenses related to corporate assets.
Adjustments on increases in tangible fixed assets and intangible fixed assets mainly consist of the acquisitions oftangible fixed assets and intangible fixed assets that are treated as corporate assets.
2.

Segment income has been adjusted to operating income described in consolidated statements of income.

Open House Co., Ltd. (3288)

17 |Non-Consolidated Financial Statements
Non-Consolidated Balance Sheets(Million yen)
FY 2014(as of September 30, 2014)
AssetsCurrent assets
Cash and cash equivalents
Accounts receivable, trade
Prepaid expense
Deferred tax assets
Short-term loans receivable to subsidiaries andaffiliates
Other
Total current assets
Fixed asset
Tangible fixed assets
Buildings
VehiclesTools, furniture and fixtures
Land
Other
Total tangible fixed assets
Intangible fixed assets
SoftwareOther

FY 2015(as of September 30, 2015)

7,697
558
147
200

9,890
766
127
222

5,500

2,000

349

379

14,453

13,386

255
39
60
38
0
393

311
37
71
38
0
457

38
4

145
4

Total intangible fixed assets
Investments and other assets
Investment securities
Stocks of subsidiaries and affiliates
Investments in capital
Long-term prepaid expenses
Deferred tax assets
Lease and guarantee deposits received
Other
Allowance for doubtful accounts

42

150

237
163
0
2
16
565
79
(14)

120
8,196
0
5
34
712
66
(12)

Total investments and other assets
Total fixed assets

1,049
1,486

9,123
9,731

1
1

54
54

15,941

23,173

Deferred assets
Bond issuance cost
Total deferred assets
Total assets

Open House Co., Ltd. (3288)

18 |(Million yen)
FY 2014(as of September 30, 2014)

FY 2015(as of September 30, 2015)

Liabilities
Current liabilities
Current portion of long-term loans payable

18

580

Current portion of bonds

20

262

Accounts payable

303

382

Accrued expenses

74

99

Income taxes payable

629

642

Advances received

110

118

Deposits received

52

62

Provision for bonuses

286

361

Other

127

175

1,623

2,684

Bonds payable

30

2,067

Long-term loans payable

25

4,550

Other

2

0

Total current liabilities
Long-term liabilities

Total long-term liabilities

58

6,617

1,681

9,301

3,982

3,982

Legal capital surplus

3,765

3,765

Other capital surplus

2,118

2,118

Total capital surplus

5,883

5,883

35

35

4,346

4,877

4,382

4,912

―

(1,072)

14,24813,706

11

8

11

8

―

156

14,26013,871

15,941

23,173

Total liabilities
Net assets
Shareholders’ equity
Capital stocks
Capital surplus

Retained earnings
Legal retained earnings
Other retained earnings
Retained earnings brought forward
Total retained earnings
Treasury stock
Total shareholders’ equity
Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Total valuation and translation adjustments
Subscription rights to shares
Total net assets
Total liabilities and net assets

Open House Co., Ltd. (3288)

19 |Non-Consolidated Statements of Income(Million yen)
FY2014(From October 1, 2013
to September 30, 2014)

FY2015(From October 1, 2014
to September 30, 2015)

Operating revenue

5,728

7,255

Operating cost

2,186

2,719

Gross operating profit

3,541

4,536

Selling, general and administrative expenses

1,724

2,246

Operating income

1,817

2,289

Interest income

157

85

Dividends income

69Insurance income

187

297

Gain on investments in partnership－

2

Gain on sales of investment securities－

76

Non-operating income

Other

35

76

Total non-operating income

387

547

Interest expenses

249Interest on bonds

1

9

Amortization of bond issue cost

1

5

Provision of allowance for doubtful accounts

3－

Non-operating expenses

Loss on investment in partnership

2－

Guarantee commission－

33

Commission fee

0

91

Other

6

2

Total non-operating expenses

17

191

Ordinary income

2,186

2,646

Income before Income Taxes and Minority Interests

2,186

2,646

Income Taxes-current

864

1,004

Income Taxes-deferred

(49)

(36)

Total Income Taxes

814

968

1,371

1,678

Net income

Open House Co., Ltd. (3288)

20 |Non-Consolidated Statements of Changes in Shareholders' Equity

FY2014 (From October 1, 2013 to September 30, 2014)(Million yen)
Shareholders’ equity
Capital surplus

Balance at October 1,
2013
Change of items during
the period
Issuance of new shares

Capital
stock

Legal
capitalsurplus

3,972

3,755

10

10

Other
capitalsurplusRetained earnings

Total
capitalsurplus2,118

Other retained
earnings

Legalretainedearnings

5,873

Retainedearnings
brought
forward

35

3,675

Total
retainedearnings

Total
shareholders’equity3,711

10

13,556

20

Dividends from surplus

(700)

(700)

(700)

Net income

1,371

1,371

1,371

Net changes of items
other thanshareholders’ equity
Total changes of items
during the period
Balance at September 30,
2014

10

10

-

10

-

671

671

691

3,982

3,765

2,118

5,883

35

4,346

4,382

14,248Valuation and translation adjustments

Balance at October 1,
2013
Change of items during
the period
Issuance of newsharesDividends fromsurplus

Valuation difference on
available-for-sale securities

Total valuation andtranslation adjustments

5

5

13,562

20
(700)
1,371

Net income
Net changes of items
other thanshareholders’ equity
Total changes of items
during the period
Balance at September
30, 2014

Total net assets

6

6

6

6

6

698

11

11

14,260Open House Co., Ltd. (3288)

21 |FY2015 (From October 1, 2014 to September 30, 2015)(Million yen)
Shareholders’ equity

Capitalstock

Balance at October 1,
2014
Change of items during
the period
Issuance of newsharesDividends fromsurplus

3,982

Legal
capitalsurplusCapital surplus

Retained earnings

Other
capitalsurplusTotal
capitalsurplusLegalretainedearnings

Otherretainedearnings
Retainedearnings
brought
forwardTotal
retainedearnings

Treasury
stock

Total
shareholders’equity

2,118

5,883

35

4,346

4,382

－

14,248(1,148)(1,148)(1,148)

1,678

1,678

1,678

3,765

Net income
Purchase of treasurystock
Net changes of items
other thanshareholders’ equity
Total changes of items
during the period
Balance at September
30, 2015(1,072)(1,072)

－

－

－

－

－

530

530

(1,072)

(541)

3,982

3,765

2,118

5,883

35

4,877

4,912

(1,072)

13,706

Valuation and translation adjustments

Balance at October 1,
2014
Change of items during
the period
Issuance of newsharesDividends fromsurplus

Valuation difference on
available-for-sale securities

Total valuation andtranslation adjustments

11

11

Subscription rights
Total net assets
to shares－(1,148)
1,678

Net income
Purchase of treasurystock
Net changes of items
other thanshareholders’ equity
Total changes of items
during the period
Balance at September
30, 2015

14,260(1,072)
(3)

(3)

156

152

(3)

(3)

156

(388)

8

8

156

13,871

Open House Co., Ltd. (3288)

22 |