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, 2021〔Based on Japanese GAAP〕
August 13, 2021
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
https://openhouse-group.co.jp/irMasaaki Arai, President and CEO
August 13, 2021
Yes
No
(Million yen, rounded down)

1.

Consolidated Financial Results for the Third Quarter Ended September 30, 2021
(October 1, 2020 to June 30, 2021)(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, 2021
583,758
52.2
72,842
89.5
70,72032.8
June 30, 2020
383,551
4.6
38,445
5.7
53,241
56.1(Note) Comprehensive income: Nine months ended June 30, 2021
¥ 54,193 million [ 29.6％]
Nine months ended June 30, 2020
¥ 41,828 million [ 77.1％]
EPS
Nine months ended
June 30, 2021
June 30, 2020

Profit attributable toowners of parent
Million yen%

51,001
41,896

21.7
71.1

Diluted EPS
Yen

Yen

405.04378.80403.48376.53(2) Consolidated Financial Position
Total assets
Net assets
Equity ratio
As ofMillion yen
Million yen%
June 30, 2021
828,425
326,832
33.2
September 30, 2020
569,038
233,695
41.0(Reference) Shareholders’ equity: As of June 30, 2021
¥ 274,886 million
As of September 30, 2020
¥ 233,477 million

2.

Dividends

Annual dividends per share
1Q-end2Q-endYen――FY 2020
FY 2021
FY 2021 (Forecast)(Note) Revision of the latest dividend forecast: No

3.

3Q-end

Yen
40.00
50.00

Year-end

Yen――

Forecast of Consolidated Financial Results for FY2021(October 1, 2020 to September 30, 2021)

Total

Yen
40.00

Yen
80.00

60.00

110.00(% figures indicate year-on-year change)

Operating income

Ordinary income

Profit attributable toowners of parent

Million yen%

Million yen%Million yen%

Yen

Full year
788,000 36.8
96,00054.5(Note) Revision of the latest consolidated results forecast: No

93,00020.2

67,00012.6

532.10

Revenue
Million yen%Open House Co., Ltd. (3288)

EPS

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

1 (Pressance Corporation Co.,Ltd.)(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 shares)June 30, 2021:

126,099,000 shares

September 30, 2020:

125,819,100 shares

September 30, 2020:

41 sharesⅱ) Treasury shares at period-end
June 30, 2021:

41 sharesⅲ) Average number of shares issued during the period (quarterly consolidated cumulative basis)
June 30, 2021:

125,917,025 shares

June 30, 2020: 110,601,377 shares* This quarterly financial results report is not subject to quarterly review procedure based on the Financial Instruments andExchange Act.
* 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)

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

End of FY2020(as of September 30, 2020)
AssetsCurrent assets
Cash and deposits
Operating accounts receivable
Real estate for sale
Real estate for sale in process
Operating loans
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Deferred assets
Total assets
Liabilities
Current liabilities
Notes payable
Operating accounts payable
Electronically recorded monetary claims
Short-term loans payable
Current portion of bonds
Current portion of long-term loans payable
Income taxes payable
Provision
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Provision for share awards
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

End of FY2021 3Q(as of June 30, 2021)

219,227620
64,372
172,914
37,463
12,787(262)
507,123

304,754
1,297
87,828329,489
38,573
19,790(353)
781,379

5,010
3,080
53,79861,89024
569,038

18,497
3,094
25,43347,02520
828,425

4,831
17,525―
103,930242
8,912
10,831
3,771
26,669176,713

1,372
19,914
3,620
96,463242
67,302
11,795
3,227
37,972
241,909847
157,347―
328
105―
158,628
335,342726
257,663
231
359
122
580
259,683
501,593

19,741
28,877
186,047(0)234,666

19,931
29,067
225,668(0)274,666

7(1,195)(1,188)217―
233,695
569,038

11
208
219
541
51,404
326,832
828,425

Open House Co., Ltd. (3288)

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

Nine months endedJune 30, 2020
(From October 1, 2019
to June 30, 2020)

Nine months ended
June 30, 2021
(From October 1, 2020
to June 30, 2021)

Revenue

383,551

583,758

Cost of revenue

320,759

472,153

Gross profit

62,791

111,605

Selling, general and administrative expenses

24,34538,763Operating income

38,44572,842

Interest income

63

12Dividends income

113

House rent income

112113Gain on sale of investment securities
Share of profit of entities accounted for using equity
methodOther109―

16,322

1,435

194690Total non-operating income

16,803

2,2661,682

2,248

192

724

Loss on valuation of investment securities―

917

Other132496

Non-operating income

Non-operating expenses
Interest expenses
Commission expenses

Total non-operating expenses

2,007

4,387

53,24170,720Gain on bargain purchase―

15,475

Total extraordinary income―

15,475

Loss on step acquisitions―

11,095

Total extraordinary losses―

11,095

Profit before income taxes

53,241

75,100

Income taxes

11,34522,315

Profit41,89652,785―

1,783

41,89651,001

Ordinary income
Extraordinary income

Extraordinary losses

Loss attributable to non-controlling interests
Profit attributable to owners of parent

Open House Co., Ltd. (3288)

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Consolidated Quarterly Statements of Comprehensive Income(Million yen)

Nine months ended
June 30, 2020
(From October 1, 2019
to June 30, 2020)
ProfitNine months ended
June 30, 2021
(From October 1, 2020
to June 30, 2021)

41,89652,785

Other comprehensive income
Valuation difference on available-for-sale securities(1)3

Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income(87)1,400

203(67)

1,407

Comprehensive income

41,82854,193Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable tonon-controlling interests

41,82852,412―

1,780Open 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)
Not applicable(Significant changes in consolidated subsidiaries during the period)
Pressance Corporation Co., Ltd. and its subsidiaries are included in the scope of consolidation from since the second
quarter for fiscal 2021 by acquiring additional shares of Pressance Corporation, which was an affiliate under theequity method.

(Adoption of Special Accounting Methods for Preparation of Quarterly Consolidated Financial Statements)
Tax expenses is calculated by multiplying income before income taxes by an effective tax rate that was reasonably
estimated by applying tax effect accounting to estimated profit before income taxes for the fiscal year ended
September 2021 including the third quarter.

(Segment and Other Information)【Segment Information】
Ⅰ. Nine months ended June 30, 2020 (October 1, 2019 to June 30, 2020)
1.

Information on revenue, income or loss, and other items by reportable segment（Million yen）
Amount Recorded onAdjustments
Consolidated(Note1)
Quarterly Statementsof Income (Note2)

Reportable Segment
Single-family
Condominiums
homes related

Revenue
Revenue from
Outside Customers
Intersegment
revenue and transfers
Total
Segment Income

Property
resalePressanceCorporation

OthersTotal

274,021

12,84880,12816,553―

383,551―

383,551

―

―

41

36

―

77(77)―

274,021

12,84880,16916,589―383,628(77)

383,551

28,969

489

8,444

1,402

―

39,305(859)38,445(NOTE)
１. Adjustment of ¥ (859) million for segment income (loss) includes intersegment elimination of ¥493 million and corporate
expenses of ¥ (1,353) 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. Segment income (loss) has been adjusted to operating income described in consolidated quarterly statements of income.

2.

Information on impairment loss of non-current assets, goodwill and other information in reportable segment(Material profit from negative goodwill)In the third quarter of the current fiscal year, the amount equivalent to negative goodwill of 13,708 million
yen was recorded as share of profit of entities accounted for using equity method with the acquisition ofshares of Pressance Corporation and the application of the equity method.
As the share of profit of entities accounted for using equity method by the said event is not included in profitof reportable segment, as it is non-operating income

Open House Co., Ltd. (3288)

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Ⅱ. Nine months ended June 30, 2021 (October 1, 2020 to June 30, 2021)
1. Information on revenue, income or loss, and other items by reportable segment
Reportable Segment
Single-family
Condominiums
homes related

Revenue
Revenue from
Outside Customers
Intersegment
revenue and transfers

Property
resaleOthersPressanceCorporation

Total（Million yen）
Amount Recorded onAdjustments
Consolidated(Note1)
Quarterly Statementsof Income (Note2)

350,547

13,02985,312

31,364

103,505

583,758―

583,758

―

471

41

222

0736(736)

―

Total

350,547

13,50085,354

31,586

103,506584,495(736)

583,758

Segment Income (Loss)

49,745

286

9,431

3,655

10,85773,975(1,133)

72,842(NOTE)
１. Adjustment of ¥ (1,133) million for segment income (loss) includes intersegment elimination of ¥148 million and corporate
expenses of ¥ (1,282) 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. Segment income (loss) has been adjusted to operating income described in consolidated quarterly statements of income.

2. Notes relating to changes in reportable segments etc.
The Group has changed its reportable segments from this second quarter, and has added “PressanceCorporation” as a new reportable segment due to acquisition of Pressance Corporation on January 2021. As aresult, the Group has designated five segments: “Single-family homes related business”, “Condominiumsbusiness”, “Property resale business”, “Others” and “Pressance Corporation” as reportable segments.
3.

Information on impairment loss of non-current assets, goodwill and other information in reportable segment(Material profit from negative goodwill)
The Company has recognized the gain on negative goodwill for reportable segment of "PressanceCorporation" through acquisition of Pressance Corporation and making it as a consolidated subsidiary.
The recorded amount of profit on negative goodwill by the said event was ¥15,475 million and not included
in segment profits as it was reported in extraordinary profits.

Open House Co., Ltd. (3288)

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