Note: This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.
Aug 13, 2024

Consolidated Financial Results
for the Nine Months Ended September 30, 2024
(Under Japanese GAAP)
Company name:Open House Group Co., Ltd.

Listing:

Tokyo Stock Exchange

Securities code:

3288

URL:

https://openhouse-group.co.jp/ir/en/

Representative:

Masaaki Arai, President and CEO

Inquiries:

Kotaro Wakatabi, Senior Managing Director and CFO

Telephone:+81-03-6213-0776

Scheduled date to file quarterly securities report:

Aug 13, 2024

Scheduled start date of dividend payment―

Preparation of supplementary material on financial results: Yes
Holding of financial results briefing:

None(Yen amounts are rounded down to millions, unless otherwise noted.)1.

Consolidated financial results for the nine months ended September 30, 2024 (from October 1, 2023 to June 30,2024)(1) Consolidated Operating Results (Cumulative)
Net sales(Percentages indicate year-on-year changes.)

Operating profit

Ordinary profit

Profit attributable toowners of parent

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

3Q FY 2024

895,056

14.0

80,787(16.5)

84,058(11.1)

68,565

11.6

3Q FY 2023

785,330

17.7

96,80915.3

94,5098.6

61,4159.2

Note: Comprehensive income: For the nine months ended September 2024: 80,864 million yen (20.5%)
For the nine months ended September 2023: 67,089 million yen (-2.7%)
Basic earnings
per share

Diluted earnings
per share

Yen

Yen

3Q FY 2024

574.65

573.673Q FY 2023

509.60508.70(2) Consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Millions of yen

Millions of yen%

3Q FY 2024

1,304,626

526,926

35.1

FY 2023

1,198,668

480,416

34.7

Reference:

Equity:As of 3Q FY 2024: ¥ 457,985 million
As of September 2023: ¥ 415,855 million| 1

Open House Group Co., Ltd. (3288)

2.

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

Total

Yen

Yen

Yen

Yen

Yen

FY 2023

－

72.00

－

92.00

164.00FY 2024

－

83.00

－

FY 2024 (Forecast)
Note:

3.

83.00

Revisions to the forecast of cash dividends most recently announced: None

Forecast of consolidated operating results for FY 2024 (October 1, 2023 to September 30, 2024)

Net sales
Millions of yen

Full year
Note:

1,300,000(Percentages indicate year-on-year changes)
Basic
Profit attributable toOrdinary profit
earnings
owners of parent
per share

Operating profit% Millions of yen
13.2

124,000%

Millions of yen%

Millions of yen%

Yen(12.9)

120,000(12.4)

92,5000.5775.24

Revisions to the forecast of consolidated results most recently announced: None

| 2Open House Group Co., Ltd. (3288)

*

Notes

(1) Significant changes in the scope of consolidation during the period:
Yes(Changes in the scope of consolidation related to specific subsidiaries)
Newly included: 14 companies, (Company Name: Sanei Architecture Planning Co., Ltd. (changed
its name to MELDIA CO., LTD on March 1, 2024) and 13 other companies).
Excluded: companies (Company Name)(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial
statements:
Yes(3) Changes in accounting policies, changes in accounting estimates, and restatement(i)

Changes in accounting policies due to revisions to accounting standards and otherregulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)
(i)

(ii)

Total number of issued shares at the end of the period (including treasury shares)
As of 3Q FY 2024

120,636,400 shares

As of September 30, 2023

120,588,100 shares

Number of treasury shares at the end of the period
As of 3Q FY 2024
As of September 30, 2023

(iii)

2,931,427 shares
3,515 shares

Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Nine Months ended September 2024

119,318,390 shares

Nine Months ended September 2023

120,515,477 shares*

Review of the Japanese-language originals of the attached consolidated quarterly financial statements
by certified public accountants or an audit firm: Yes (voluntary)*

Proper use of earnings forecasts, and other special matters
The forecasts and other forward-looking statements contained in this summary are based on information available
to the Company at the time of disclosure and on assumptions deemed reasonable. These statements do not imply acommitment by the Company to achieve the forecasts. Furthermore, actual performance may vary significantly due
to various factors. For details on the assumptions underlying the performance forecasts and cautionary notes
regarding their use, please refer to '1. Qualitative Information Regarding Current Quarterly Results (3) Overview of
Future Forecast Information such as Consolidated Performance Forecast on page 5 of the attached document.

| 3Open House Group Co., Ltd. (3288)

1. Qualitative Information Regarding Current Quarterly Results(1) Overview of Business Performance
The Group (the Company, consolidated subsidiaries, and equity method affiliates) has included Sanei Architecture
Planning Co., Ltd. (hereinafter referred to as "Meldia", which changed its company name to MELDIA CO., LTD on March 1,2024) as a consolidated subsidiary from the first quarter of the consolidated fiscal year.
The performance for the third quarter of the consolidated fiscal year showed sales of 895,056 million yen (increase of
14.0% compared to the same period of the previous year), operating profit of 80,787 million yen (decrease of 16.5%),
ordinary profit of 84,058 million yen (decrease of 11.1%), and quarterly net profit attributable to owners of parent of 68,565
million yen (increase of 11.6%).
Overview by segment is as follows.
From the first quarter of the consolidated fiscal year, we have changed the classification of reportable segments due tothe consolidation of Meldia as a subsidiary.
(Single-Family Homes Related Business)
In the single-family homes related business, there continues to be high demand for single-family homes in urban areas.
Although sales proceeded according to plan, there were impacts such as a decrease in gross profit margin due toadjustments in the inventory available in the market.
As a result, sales were 474,858 million yen (increase of 9.9% year on year), and operating profit was 43,104 million yen(decrease of 12.2%).
(Condominium Business)
In the condominium business, most property deliveries will occur in the fourth quarter of the consolidated fiscal year,
leading to fewer deliveries in the third quarter. Nevertheless, sales contracts, which are crucial for future performance,
remains steady.
As a result, sales were 24,778 million yen (decrease of 38.0% year on year), and operating profit was 159 million yen(decrease of 97.0%).
(Property Resale Business)
In the property resale business, although the properties delivered during the third quarter of the consolidated fiscal
year were limited, strong demand persists from corporate clients and affluent individuals investing in rental apartments,
office buildings, and similar properties.
As a result, sales were 115,211 million yen (decrease of 10.1% year on year), and operating profit was 8,183 million yen(decrease of 46.1%).
(Others)
In others segment, there is strong investment demand among affluent individuals in Japan for U.S. real estate as ameans of asset diversification, and sales have been progressing smoothly.
As a result, sales were 74,199 million yen (increase of 15.7% year on year), and operating profit was 8,645 million yen(increase of 12.5%).

(PRESSANCE CORPORATION)PRESSANCE CORPORATION focused on the sale of investment condominiums and condominiums for families in prime
locations in its main sales areas of Kinki and Tokai-Chukyo regions.
As a result, sales were 116,090 million yen (decrease of 4.1% year on year), and operating profit was 19,141 million yen(decrease of 7.2%).

| 4

Open House Group Co., Ltd. (3288)

(Meldia)
Meldia focused on its main business of single-family homes, it continued to pursue designs tailored to the customers'
lifestyles and offered products that responded to changes in the customers' needs for their homes.
As a result, sales were 89,905 million yen (This is a newly set up segment from the first quarter of the consolidated fiscal
year due to the consolidation of Meldia as a subsidiary, year on year comparison is not shown), and operating profit was
3,873 million yen.
(2) Overview of Financial Condition
As of the end of the third quarter of the consolidated fiscal period, total assets were 1,304,626 million yen, an increaseof 105,958 million yen year on year. This is mainly due to an increase of 113,150 million yen in the combined real estate forsale and real estate for sale in progress.
Total liabilities were 777,699 million yen, an increase of 59,447 million yen year on year. This is mainly due to a decreasein unpaid corporate taxes and other items by 17,511 million yen, while short-term borrowings, long-term borrowings(including long-term borrowings repayable within one year), and bonds (including bonds repayable within one year)
collectively increase by 75,417 million yen.
Total net assets were 526,926 million yen, an increase of 46,510 million yen year on year. This is mainly due to an increase of
47,608 million yen in retained earnings.
(3) Overview of Future Forecast Information such as Consolidated Performance Forecast
There is no change to the consolidated performance forecast for the fiscal year ending September 2024, which wasannounced on November 14, 2023.

| 5Open House Group Co., Ltd. (3288)

Consolidated Quarterly Financial Statements
1) Consolidated Quarterly Balance Sheets(Millions of yen)
End of FY2023(as of September 30, 2023)
AssetsCurrent assets
Cash and deposits
Trade accounts receivable and contract assets
Real estate for sale
Real estate for sale in process
Operating loans
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes payable – trade
Trade accounts payable
Electronically recorded obligations - operating
Short-term borrowings
Current portion of bonds payable
Current portion of long-term borrowings
Income taxes payable
Provisions
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Allowance liabilities
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities

End of 3Q FY 2024
(as of June 30, 2024)

401,879
4,776
147,857
493,398
49,301
34,105(549)
1,130,769

357,573
14,254230,107524,299
70,26524,947(667)
1,220,782

28,4562,690※ 36,751
67,898
1,198,668

31,205
2,992※ 49,645
83,844
1,304,626

1,631
34,92911,860182,734
10,24238,45722,518
6,034
65,118373,526

1,835
44,476
9,553
177,885
11,044
59,238
5,007
4,329
59,634
373,004

121
343,582
―
326
230
464
344,725
718,251

3,754
398,632
35
848
350
1,074
404,695
777,699| 6

Open House Group Co., Ltd. (3288)

(Millions of yen)
End of FY2023(as of September 30, 2023)
Net assets
Shareholder’s equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on other securities
Cumulative adjustment of retirement benefits
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

End of 3Q FY 2024
(as of June 30, 2024)

20,11019,767
361,583(18)
401,443

20,131
20,459409,191(13,233)
436,549

42―
14,36814,411752
63,808480,416
1,198,668(32)
8
21,45921,435984
67,956526,926
1,304,626| 7Open House Group Co., Ltd. (3288)

2)

Consolidated Quarterly Statements of Income and Consolidated Quarterly Statements of Comprehensive
IncomeConsolidated Quarterly Statements of Income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income from buildings
Foreign exchange gains/loss
Share of profit of entities accounted for using equity
methodGain on sale of investment securities
Other
Total non-operating income
Non-operating expenses
Interest expenses
Commission expenses
Investment loss under the equity method
Other
Total non-operating expenses
Ordinary profit
Extraordinary profit
Gain on sale of shares of subsidiaries and associates
Gain on negative goodwill
Total Extraordinary profit
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

Nine months ended
June 30, 2023
(from October 1, 2022 toJune 30, 2023)
785,330
633,398
151,932
55,12396,809(Millions of yen)
Nine months ended
June 30, 2024
(from October 1, 2023 toJune 30, 2024)
895,056
748,922
146,133
65,34680,787

507
135
168
298

993
1,237
157
1,247

49

―

144
322
1,624

3,518
1,565
8,720

2,912
285
―
726
3,924
94,509

4,078
705
12
652
5,449
84,058―――94,50928,04966,4605,045
61,415956
12,766
13,723
97,78223,93473,847
5,281
68,565| 8Open House Group Co., Ltd. (3288)

Consolidated Quarterly Statements of Comprehensive Income

ProfitOther comprehensive income
Valuation difference on other securities
Foreign currency translation adjustment
Adjustment amount related to retirement benefits
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interests

Nine months ended
June 30, 2023
(from October 1, 2022 toJune 30, 2023)
66,460(Millions of yen)
Nine months ended
June 30, 2024
(from October 1, 2023 toJune 30, 2024)
73,847

76
546
―

(94)
7,096
8

5

5

628
67,0897,016
80,86462,05475,589

5,035

5,274

| 9

Open House Group Co., Ltd. (3288)

3)

Notes regarding consolidated quarterly financial statement(Notes regarding on-going concern assumptions)Not applicable(Key matters fundamental to the preparation of quarterly consolidated financial statements)
The quarterly consolidated financial statements have been prepared in accordance with Article 4, Paragraph 1 of theStandards for Preparation of Quarterly Financial Statements by the Tokyo Stock Exchange and accounting standards
for quarterly financial statements generally accepted as fair and appropriate in Japan.
(Notes on significant changes in the amount of shareholders’ equity)
The Company acquired treasury stock based on the resolution of the Board of Directors held on November 14, 2023,
and May 15, 2024. As a result, treasury stock increased by 13,215 million yen during the cumulative period of thethird quarter.
(Significant changes in the scope of consolidation during the period)(Significant changes in the scope of consolidation)
From the first quarter of the consolidated accounting period, as a result of acquiring the shares of Meldia Co., Ltd.,the company and its 13 affiliated companies have been included in the scope of consolidation.
(Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements)(Calculation of tax expenses)
Regarding tax expenses, we estimate the effective tax rate, adjusted for tax effects accounting, on the pre-tax net
income for the consolidated fiscal year, including the third quarter consolidated accounting period. This estimatedeffective tax rate is then applied to the pre-tax quarterly net income to compute the tax expenses.
(Additional information)(Changes in purpose of inventory assets)
Some of the inventory assets, due to a change in the purpose of holding from sales to rental, 47 million of
inventory held for sale and 1,424 million of work-in-progress inventory held for sale have been classified as tangible
assets.
(Changes in purpose of fixed assets)
Some of the fixed assets, due to a change in the purpose of holding to sales, 7,542 million yen of tangible assets
and 90 million of the intangible fixed assets have been reclassified as real estate for sale.
(Matters related to quarterly consolidated balance sheet)*The amount of allowance for doubtful accounts directly deducted from the asset amounts.

Investments and other assets

Previous consolidated fiscal year
(September 30, 2023)

Third quarter of the consolidated
fiscal period(June 30, 2024)

18 million yen

348 million yen| 10Open House Group Co., Ltd. (3288)

(Segment and other information)【Segment information】
I.
Nine months ended June 30, 2023 (October 1, 2022 to June 30, 2023)
1.

Information on net sales, profit or loss, and other items by reportable segments（Millions of yen）
Reportable Segment
Single-family
Condominiums
homes related

Net sales
Net sales fromcontracts withcustomers
Other income
Net sales from outside
customers
Intersegment net
sales and transfers
Total
Segment profit (loss)

Property
resaleOthers

PRESSANCECORPORATION

Total

Amount recorded in
Adjustment consolidated quarterly(Note1)statements of income(Note2)

394,332

39,955111,253

60,975

118,365

724,88214

724,897

37,672―

16,913

3,130

2,716

60,433―60,433432,005

39,955

128,167

64,105

121,082

785,315

14

785,330

―

―

150

669

210

1,030

(1,030)―432,005
49,08039,955
5,347

128,317
15,18664,774
7,687

121,293
20,621

786,346
97,923(1,015)(1,113)785,330
96,809(NOTE)
1. The adjustment amount of segment profit, (1,113) million yen, includes intersegment elimination of
2,243 million yen and unallocated corporate expenses of (3,357) million yen. Corporate expenses
primarily consist of general administrative expenses that are not allocated to reporting segments.
2. Segment profit (loss) has been adjusted to operating profit described in consolidated quarterly
statements of income.

| 11

Open House Group Co., Ltd. (3288)

II.

Nine months ended June 30, 2024 (October 1, 2023 to June 30, 2024)
1. Information on Net sales, profit or loss, and other items by reportable segments（Millions of yen）
Reportable Segment
Single-family
homesrelatedNet sales
Net sales fromcontracts withcustomers
Other income

CondosProperty
resaleOthers

PRESSANCECORPORATION

MeldiaTotal

Adjustment(Note1)

Amount recordedin consolidated
quarterlystatements ofincome (Note2)

445,229

20,821

110,684

70,503112,953

84,241

844,434

12

844,446

29,628

3,956

4,526

3,696

3,136

5,664

50,609―50,609474,858

24,778115,211

74,199116,090

89,905895,04412

895,056

567

―

484

214

―

6,050

7,318

(7,318)―

Total

475,426

24,778

115,696

74,414116,090

95,956902,362(7,305)895,056

Segment profit(Loss)

43,104

159

8,183

8,645

19,141

3,873

83,108(2,320)80,787

Net sales fromoutsidecustomers
Intersegment
net sales andtransfers(NOTE)
1. The adjustment amount of segment profit, (2,320) million yen, includes intersegment elimination of
1,281 million yen and unallocated corporate expenses of (3,601) million yen. Corporate expenses
primarily consist of general administrative expenses not allocated to reporting segments.
2. Segment profit (loss) has been adjusted to operating profit described in consolidated quarterly
statements of income.
2.

Notes relating to changes in reportable segments etc.

The Group has changed its segment classification from the first quarter of the current consolidated accounting period.
With the addition of Meldia Co., Ltd. as a consolidated subsidiary in October 2023, we have added "Meldia" as a new
segment. As a result of the above changes, the reportable segments of the Group have changed to six segments: ``Singlefamily homes related,'' ``Condominiums,'' ``Property resale,'' ``Others,'' ``PRESSANCE CORPORATION,'' and ``Meldia''.

(Significant gain on negative goodwill)In the Meldia segment, we recognized a gain on negative goodwill due to acquiring the shares of Meldia Co., Ltd.
and its consolidation as a subsidiary.
The amount of gain on negative goodwill recorded due to this transaction was 12,766 million yen. Please note thatthe gain on negative goodwill is an extraordinary profit and is therefore not included in the segment profit above.

| 12

Open House Group Co., Ltd. (3288)

(Significant subsequent events)
Not applicable.

| 13Open House Group Co., Ltd. (3288)