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, 2015 〔Based on Japanese GAAP〕
August 14, 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
August 14, 2015
YesNo
(Million yen, rounded down)

1.

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

Million yen(% figures indicate year-on-year change)

Ordinary income%

FY 2015 3Q
121,733
67.4
12,74950.2
FY 2014 3Q
72,737
34.7
8,490
128.8
(Note) Comprehensive income: From October 1, 2014 to June 30, 2015
From October 1, 2013 to June 30, 2014
EPS

Million yen

Net income%

12,121
56.1
7,766
147.1
¥ 7,580 million (63.6%)¥ 4,632 million (138.7%)

Million yen

7,571
4,625%

63.7
131.9

Diluted EPS
Yen
132.7982.52

Yen
FY 2015 3Q―FY 2014 3Q
80.61(Note)
1. Though consolidated financial statements for the third quarter ended September 30, 2013 were not prepared basedon the Financial Instruments and Exchange Act, the percentage change from the same period for the third quarter
ended September 30, 2014 are presented for reference.
2. The company conducted a 2-for-1 stock split of common stock with an effective date of July 1, 2015.
EPS and Diluted EPS have been calculated assuming the stock split was conducted at the beginning of the previous
fiscal year.
(2) Consolidated Financial Position
Total assets
June 30, 2015
September 30, 2014
(Reference) Shareholders’ equity:2.

Net assets

Million yen

146,800
100,577
As of June 30, 2015:
As of September 30, 2014:

Equity ratio

Million yen%

42,50937,047¥42,407 million yen¥37,047 million yen

28.9
36.8

Dividends
1Q-endFY 2014
FY 2015

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

―
―

FY 2015 (Forecast)(Note) Revision of the latest dividend forecast:――Total

40.00

40.00

30.00

30.00

NoThe 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.

Open House Co., Ltd. (3288)

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Breakdown for dividends of FY2014:
Breakdown for dividends of FY2015 (Forecast):

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 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

175,000 56.0
20,000
Revision of the latest consolidated results forecast:

45.5
No

19,00047.5

12,00054.6

210.48Full year(Note)

Million yen%

Net income

EPS

The company conducted a 2-for-1 stock split of common stock with an effective date of July 1, 2015. Forecast information
about EPS for FY2015 is calculated based on the number of shares issued (except for treasury stock) after the stock split.

*Notes:(1) Significant changes in consolidated subsidiaries during the period(Changes in specific subsidiaries resulting in a change in the scope of consolidation):YesNew:
1 (Asakawa Home Co., Ltd.)
Excluded: 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, 2015: 57,400,000 shares
September 30, 2014: 57,400,000 sharesⅱ) Treasury stock at period-end
June 30, 2015:

813,092 shares

September 30, 2014:― sharesⅲ) Average number of shares issued (cumulative consolidated quarterly periods)
June 30, 2015: 57,013,568 shares
June 30, 2014: 56,054,212 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) has been calculated 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 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)
AssetsCurrent assets
Cash and cash equivalents
Accounts receivable, trade
Real estate for sale
Real estate for sale in process
Operating loans
Other

End of FY 2015 3Q(June 30, 2015)

26,426256
9,541
53,826
5,076
3,155

36,681
802
15,29978,515
5,290
4,235

△86

△ 181

98,196140,643

720
161
1,476

2,935
1,457
1,682

2,358

6,076

23

80

100,577

146,800

3,640
24,721
7,097
440
3,579
939
5,8507,796
30,590
9,588
722
2,327
1,058
10,367

Total current liabilities

46,26962,450Long-term liabilities
Bonds payable
Long-term loans payable
Net defined benefit liability

730
16,41810

3,288
38,155
11

Asset retirement obligations―

96

Allowance for doubtful accounts
Total current assets
Fixed assets
Tangible fixed assets
Intangible fixed assets
Investments and other assets
Total fixed assets
Deferred assets
Total assets
Liabilities
Current liabilities
Accounts payable
Short-term loans payable
Current portion of long-term loans payable
Current portion of bonds
Income taxes payable
Reserves
OtherOther
Total long-term liabilities
Total liabilities

10128917,261

41,841

63,530104,291

Open House Co., Ltd. (3288)

3|(Million yen)

End of FY 2014
(September 30, 2014)

End of FY 2015 3Q(June 30, 2015)

Net assets
Shareholders’ equity
Capital stocks

3,982

3,982

Capital surplus

5,883

5,883

Retained earnings

27,222

33,645―△1,07137,08842,4391127

Foreign currency translation adjustment

△53

△59

Accumulated other comprehensive income

△41

△31―

10137,047

42,509100,577

146,800

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

Subscription rights to shares
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, 2014
(From October 1, 2013
to June 30, 2014)

3Q ended September 30, 2015
(From October 1, 2014
to June 30, 2015)

Revenue

72,737

121,733

Cost of revenue

59,007

100,309

Gross profit

13,73021,423

Selling, general and administrative expenses

5,239

8,673

Operating income

8,490

12,74957

Dividends income
Foreign exchange gain

134

3
135

Other

36

86

Total non-operating income

78

232

604
108

678
111

Non-operating income
Interest income

Non-operating expenses
Interest expenses
Commission
Other

89

71

Total non-operating expenses

802

861

Ordinary income

7,766

12,121

Income before income taxes and minority interests

7,766

12,121

Income taxes-current

3,141

4,550

Income before minority interests

4,625

7,571Net income

4,625

7,571

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

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

3Q ended September 30, 2015
(From October 1, 2014
to June 30, 2015)

4,625

7,571

8△115
△6694,632

7,580

4,632

7,580

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)
Ⅰ FY2014 3Q(October 1, 2013 to June 30, 2014)
Information relating to the amounts of revenue, income and loss by reportable segment

Reportable Segment
Real Estate Real Estate Real Estate
Brokerage
Sales
FinancingTotal（Million yen）
Amount Recorded onAdjustments Consolidated Quarterly(Note 1)Statements of Income(Note 2)

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

2,172

70,280283

72,737－72,737

1,959－－

1,959△ 1,959－

4,132

70,280283

74,696△ 1,959

72,737

1,411

7,050

122

8,584

△ 94

8,490(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.
Ⅱ FY2015 3Q
1.

( October 1, 2014 to June 30, 2015)

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 Outside
Customers
Intersegment revenue andtransfers
TotalSegment Income (Loss)

2,767

118,674291

121,733-121,733

2,570--

2,570△ 2,570-

5,338

118,674291

124,303△ 2,570

121,733

1,861

10,836144

12,843△ 93

12,749(NOTE)
１. Adjustment of -¥93 million for segment income includes intersegment elimination of ¥59 million and corporate
expenses of -¥153 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.

Segment income has been adjusted to operating income described in consolidated quarterly statements of income.
2.

Information regarding assets by reporting segment

In the second quarter ended September 30, 2015, the assets of the Real Estate Sales Segment increased by ¥44,794
million from the previous fiscal year, due to acquisition of the shares of Asakawa Home Co,.Ltd..
Open House Co., Ltd. (3288)

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