Summary of Accounts for First Three Quarters of Fiscal Year Ending December 2019
(Japanese GAAP) (Consolidated)

October 29, 2019
Listing exchange: Tokyo Stock Exchange
URL: https://www.es-conjapan.co.jp
President & Representative Director
Senior Managing Director TEL: 06 (6223) 8055
October 29, 2019－No
No

Name of listed company: ES-CON JAPAN Ltd.
Code:
8892
Representative:(Name) Takatoshi Ito(Position)
Contact for inquiries:(Name) Minoru Nakanishi(Position)
Scheduled date for submission of periodic securities report:
Scheduled date for start of dividend payment:
Supplementary explanatory materials created for accounts? Yes/No:
Accounts briefing meeting held?
Yes/No:1.

(Amounts are rounded down to the nearest million yen)

Consolidated results for first three quarters of fiscal year ending December 2019(from January 1, 2019 to September 30, 2019)(1) Consolidated operating results(% figures show the rate of increase (decrease) compared with the same period of the previous year)

Net sales
million yen

Operating income%

million yen%

million yen%

million yen

%

8,586

28.5

7,722

30.7

5,252

30.7

6,682

104.0

5,907

131.6

4,018

59.3

[35.1%]First three quarters of fiscal
year ended Dec. 2018:
4,010 million yen [59.5%]

First three quarters of fiscal
45,92327.5
year ending Dec. 2019
First three quarters of fiscal
36,031
85.6
year ended Dec. 2018
Note:
Comprehensive income
First three quarters of fiscal
year ending Dec.2019:
5,417 million yen
Basicearnings per share

Dilutedearnings per share

yen

yen

76.74

76.59

58.96

58.67

First three quarters of fiscal
year ending Dec. 2019
First three quarters of fiscal
year ended Dec. 2018

(2) Consolidated financial position
Total assets

Net assets

million yen

First three quarters of fiscal
129,883
year ending Dec. 2019
Fiscal year ended Dec. 2018109,747
Reference: Equity
First three quarters of fiscal
year ending Dec. 2019:30,551 million yen
2.

Equity ratio%yen

30,55323.5

446.5827,35924.9400.47

Fiscal year ended Dec. 2018:

End ofsecond quarter

Annual dividend
End ofthird quarter

yen

yen

yen

Fiscal year ended Dec. 2018－
Fiscal year ending Dec. 2019－
Fiscal year ending Dec. 2019
(Forecast)(Note) Revisions from latest dividends forecast: None

Book value per share

million yen

Dividends
End offirst quarter

3.

Profit attributable toowners of parent

Ordinary income

0.00
0.00

－
－

27,358 million yen

Year-end
yen

Total
yen

32.00

32.00

35.00

35.00

Consolidated earnings forecast for fiscal year ending December 2019 (from January 1, 2019 to December 31, 2019)(% figures for the full fiscal year show the rate of increase (decrease) compared with the previous period)

Net sales
million yen%

Operating income

Ordinary income

Profit attributable to
Basicowners of parent earnings per share

million yen

million yen

million yen

Full fiscal year
74,80037.7
12,500(Note) Revisions from latest earnings forecast: None%

8.1

11,200

%

6.7

7,800

%

7.9

yen

113.98

*Explanatory notes(1) Changes in significant subsidiaries during the first three quarters(Changes in specified subsidiaries resulting in change in scope of consolidation):
Newly included: － companies (Company name) －－ companies (Company name) －Excluded:None(2) Application of accounting treatments specific to preparation of quarterly consolidated financial statements:(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to amendment of accounting standards, etc.:
2) Changes in accounting policies other than 1):
3) Changes in accounting estimates:
4) Restatement:

None

None
None
None
None

(4) Number of shares issued and outstanding (common shares)
First three quarters
1) Number of shares issued and outstanding
71,806,887 Fiscal year ended 71,649,387
of fiscal year(including treasury shares) at end of period
shares Dec. 2018
sharesending Dec. 2019
First three quarters
3,394,700 Fiscal year ended 3,334,900
2) Number of treasury shares at end of period of fiscal year
shares Dec. 2018
sharesending Dec. 2019
First three quarters
First three quarters
68,437,040
68,152,350
3) Average number of shares during periodof fiscal yearof fiscal year
sharessharesending Dec. 2019
ended Dec. 2018
Note: The number of treasury shares at end of period includes ES-CON JAPAN shares held in a share-based
payment benefits trust for directors and a share-based payment benefits type ESOP trust (first three quartersof fiscal year ending December 2019: 487,200 shares in the share-based payment benefits trust for directors
and 233,100 shares in the share-based payment benefits type ESOP trust). In the calculation of the average
number of shares during period (cumulative total of first three quarters), the treasury shares to be subtracted
in that calculation includes ES-CON JAPAN shares held in the share-based payment benefits trust for
directors and the share-based payment benefits type ESOP trust (first three quarters of fiscal year ending
December 2019: 721,426 shares).
*This quarterly summary of accounts is not subject to quarterly review of certified public accountant or Audit
Corporation.

*

Explanation regarding appropriate use of earnings forecasts, and other notes
The earnings outlook and other forward-looking statements contained in this document are based on information
currently available to and certain assumptions that are thought to be reasonable by ES-CON JAPAN. Accordingly,
actual business performance and other results may differ materially due to various reasons. For the conditions
forming the assumptions on which earnings forecasts are based and explanatory notes for use of earnings forecasts,
etc., please see “Attachment; 1. Qualitative Information on Quarterly Results; (3) Explanation of Consolidated
Earnings Forecast and Other Forward-Looking Information” on page 4.

○Contents of Attachment
1. Qualitative Information on Quarterly Results ................................................................................................................2(1) Explanation of Operating Results............................................................................................................................2(2) Explanation of Financial Position ............................................................................................................................4(3) Explanation of Consolidated Earnings Forecast and Other Forward-Looking Information ........................................4
2. Quarterly Consolidated Financial Statements and Key Notes ........................................................................................5(1) Quarterly Consolidated Balance Sheet .....................................................................................................................5(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income ...... 7(Quarterly Consolidated Statement of Income) ...........................................................................................................7(Quarterly Consolidated Statement of Comprehensive Income)..................................................................................8(3) Notes to Quarterly Consolidated Financial Statements ............................................................................................9(Notes on Going Concern Assumption) ......................................................................................................................9(Notes on Substantial Changes in the Amount of Shareholders’ Equity)......................................................................9(Additional Information) ..............................................................................................................................................9(Change in Purpose of Hold)......................................................................................................................................9(Segment Information, etc.)...................................................................................................................................... 10
3. Other ........................................................................................................................................................................ 11
Status of Contracts and Sales .................................................................................................................................. 11- 1 -Attachment
1. Qualitative Information on Quarterly Results(1) Explanation of Operating Results
In the first three quarters, the Japanese economy showed ongoing improvement in the employment and income
situation despite the weakness seen mainly in exports. The economic outlook remains clouded, however, as thesituation calls for attention to the impact of the U.S.-China trade friction on the world economy as well as
uncertainties in overseas economies, including the downside risk in the Chinese economy and the issue of Brexit inaddition to the effects of the consumption tax hike, rise in crude oil price and fluctuation in the financial and capital
markets, among other factors.
The real estate industry in which the ES-CON JAPAN Group operates held firm due in part to low interest rates
from monetary easing policies, yet the situation warrants no optimism because of such factors as a rise in land
prices, intensified competition in acquiring land and construction costs remaining high.
In the business environment described above, we are proactively developing multifaceted businesses in thecurrent fiscal period (fiscal period ending December 2019) as the final fiscal year of the second medium-term
management plan “IDEAL to REAL 2019” that started from the fiscal year ended December 2017.
1)

Status of Implementation of Growth Strategy of ESCON JAPAN REIT Investment Corporation
Investment units issued by ESCON JAPAN REIT Investment Corporation (hereinafter the “ESCON REIT”), of
which asset management is entrusted to ES-CON Asset Management Ltd. (hereinafter the “Asset Management
Company”), a consolidated subsidiary of ES-CON JAPAN, listed on the Tokyo Stock Exchange Real Estate
Investment Trust Securities Market in February 2019. ESCON REIT is a diversified J-REIT that mainly invests in“everyday life-based” commercial facilities closely associated with the local community and in land with leaseholdinterest for such commercial facilities.
ES-CON JAPAN Group fully supports enhancement of earnings and stable growth of ESCON REIT as asponsor and aims for further growth.
As one of the growth strategies of ESCON REIT, a support agreement was concluded among three companies
namely Chuden Real Estate Co., Inc. (hereinafter “Chuden Real Estate”), ESCON REIT and the AssetManagement Company.
The support agreement covers a wide range of support including warehousing function, and ES-CON JAPANGroup believes that the growth of ESCON REIT as well as a synergy effect with Chubu Electric Power Group inreal estate business can be achieved also by ES-CON JAPAN, the sponsor, by utilizing the creditworthiness of
Chuden Real Estate and know-how in real estate business.
ESCON REIT expects that the addition of the support from Chuden Real Estate to that from ES-CON JAPAN,
which is the sponsor support company that has already concluded the agreement, and Chubu Electric Power Co.,
Inc. (hereinafter “Chubu Electric Power”), which is the support company, will significantly contribute to the further
growth of ESCON REIT.

2) Business Development in the Chubu Region
ES-CON JAPAN concluded a business partnership agreement with Chubu Electric Power in August 2018 toposition the Chubu region as a core business area comparable to the Tokyo metropolitan area and the Kansai
region, and established a Nagoya branch in March 2019. ES-CON JAPAN acquired a site for a condominium in
Higashi Ward, Nagoya City in June 2019, the first such case in the Chubu region, and also a site of its second
condominium in Higashi Ward, Nagoya City in September 2019. As such, ES-CON JAPAN is steadily
implementing business development in the Chubu region.
ES-CON JAPAN intends to develop the business to contribute to regional revitalization in the Chubu region
while continuing to strengthen the partnership with each group company of Chubu Electric Power.
3) Opening of Community-based Shopping Center, “tonarie Toga-Mikita”“tonarie Toga-Mikita,” a community-based commercial facility developed by ES-CON JAPAN in Minami Ward,
Sakai City, Osaka, opened in April 2019. Serving as a terminal of “bustle and interaction” for the residents of theToga-Mikita area, it provides a place where a wide range of generations, from small children to the elderly, canenjoy themselves, and supports their everyday life. ES-CON JAPAN will continue to develop community-based
commercial facilities such as this and contribute to society through regional revitalization and community
development.

- 2 -4) Acquisition of Shares of Two Detached House Business Companies
In July 2019, ES-CON JAPAN acquired shares of two companies operating mainly in Saitama Prefecture One's Own House Co., Ltd., which sells detached houses, and Rise Home Co., Ltd., which builds detachedhouses - making them fully-owned subsidiaries. Saitama is an attractive market in the metropolitan area where
steady growth is expected as a commuter region for central Tokyo and is believed to contribute to greaterbusiness expansion in the metropolitan area.
5) Overseas Investment Business
In March 2019, ES-CON JAPAN made a commitment to a Hawaii-focused closed-end real estate investment
fund as its new overseas business. In addition, ES-CON JAPAN established its subsidiary ESCON JAPAN(Thailand) CO., LTD. in Thailand in July, participating in a condominium joint development project. As such, ESCON JAPAN has embarked on development of its overseas business.
6) Enhancement of ESG Activities
ES-CON JAPAN has set the “Creation of New Value and Realization of Sustainable Growth through ESG
Promotion” as one of the growth strategies in its second medium-term management plan “IDEAL to REAL 2019”
which is currently in progress. As part of such activity, it participated in the Global Real Estate Sustainability
Benchmark (hereinafter “GRESB” *1) Real Estate “Developer Assessment”, which is an annual benchmark
assessment measuring ESG consideration in the real estate sector, and became the first Japanese businesscompany to receive “Green Star” and “2 Star” ratings.
In addition, “Le JADE Okurayama,” which is a newly built condominium handled by ES-CON JAPAN in Kohoku
Ward, Yokohama City, was adopted as a business of ES-CON JAPAN in the “Fiscal 2019 High-rise ZEH-M
Support Project *2” of the Ministry of the Environment for the first time. ES-CON JAPAN will continue to aim to
introduce a single “ZEH-M” every year and contribute to the environment and society through housing
construction.
*1 “GRESB” is an annual benchmark assessment measuring environmental, social, and governance(ESG) consideration in the real estate sector. It was founded in 2009 primarily by a group of major
European pension funds.
*2 ”High-rise ZEH-M Support Project” is a project aiming to realize the spread of ZEH based onroadmap by soliciting businesses necessary to establish design guidelines to promote theconversion of apartments into ZEH based on the goals and issues surrounding the conversion ofapartments into ZEH, providing part of the expenses for the conversion of apartments into ZEH tobusiness operators that provide information on design specification and energy performance, andintroducing ZEH developer registration system.
Moreover, “ZEH (Net Zero Energy House)” is a house aiming to make the annual primary energy
consumption zero by introducing renewable energy after realizing significant energy saving while
maintaining the quality of the indoor environment with the significant improvement in the thermal
insulation performance of the outside skin as well as the introduction of a highly efficient equipment
system.
7) Business Development by Segmenta. In the real estate sales business, which is our core business, we conducted income-generating real estate sales,
etc., and made steady progress in condominium sales, too.
In the real estate sales business, sales of new projects “Le JADE Toyoda Master Hills (Hino City, Tokyo; 63units in total),” “Le JADE Utsukushigaoka (Aoba Ward, Yokohama City; 90 units in total),” “Le JADE Nishinomiya
Kitaguchi Hinokuchi-cho (Nishinomiya City, Hyogo Prefecture; 94 units in total)” and “Le JADE Takatsuki
Miyanocho (Takatsuki City, Osaka Prefecture; 99 units in total)”, etc. started while “Le JADE Sumakaihin Koen
(Suma Ward, Kobe City; 30 units in total),” “Grand Le JADE Takatsuki Tenjin (Takatsuki City, Osaka Prefecture; 28
units in total)” and “Le JADE Takatsuki Kosobe (Takatsuki City, Osaka Prefecture; 181 units in total)” were sold out
upon completion and“Le JADE Shinkanaoka Park Fields (Kita Ward, Sakai City; 204 units in total)”, which isscheduled for completion in the current fiscal year, and “Le JADE Kuzuha (Hirakata City, Osaka Prefecture; 78
units in total)” and “Le JADE Higashisumiyoshi Imagawa Ryokudo (Higashisumiyoshi Ward, Osaka City; 41 units
in total)”, which are scheduled for completion in the next fiscal year, are contracted to sell out.
Furthermore, for the hotel development projects incorporating inbound tourism needs, sales of 2 projects
developed in Chuo Ward, Osaka City have completed.
- 3 -In the commercial development business, ES-CON JAPAN acquired “Tsukuba Q’t” and “Tsukuba MOG” in
December 2018 and “Tsukuba Creo” in March 2019, which are commercial facilities in Tsukuba City, Ibaraki
Prefecture. Utilizing multifaceted real estate development expertise accumulated to date, ES-CON JAPAN will
promote Tsukuba Station-front development through utilizing the three facilities that can contribute to the local
area in an integrated manner.
ES-CON JAPAN is steadily promoting diversification of its business through measures such as development of
new business fields with an eye on the next era and globalization. ES-CON JAPAN launched a new logistics
facility brand “LOGITRES” in the logistics development business, and acquired land for business in Chiyoda Ward,
Tokyo in the office development business.
b. In the real estate leasing business, efforts are being made to secure stable rental income from retail properties heldby ES-CON JAPAN and to enhance their asset value.
c. In the real estate planning agency and consulting business, focus is placed on being a business achieving highprofit margins through subcontracting, planning agency and consulting and other non-assets by leveraging theplanning and other strengths of ES-CON JAPAN.
As a result, ES-CON JAPAN achieved net sales of 45,923 million yen (up 27.5%), operating income of 8,586 million
yen (up 28.5%), ordinary income of 7,722 million yen (up 30.7%) and profit attributable to owners of parent of 5,252
million yen (up 30.7%) for the first three quarters, all compared with the same period of the previous year.
The following describes the operating results by each segment, with figures compared with the same period of theprevious year.
1)

Real estate sales businessIn the real estate sales business, activities included promoting condominium sales and selling real estate for salesuch as commercial facilities and hotels, resulting in net sales of 42,049 million yen (up 26.6%) and segment incomeof 8,929 million yen (up 24.1%).

2)

Real estate leasing businessIn the real estate leasing business, focus was placed on leasing activities and the property management businessin view of enhancement of asset value, including increase in rental income of owned revenue-generating real estate,
resulting in net sales of 3,673 million yen (up 50.0%) and segment income of 2,320 million yen (up 51.5%).
3)

Real estate planning agency and consulting businessIn the real estate planning agency and consulting business, although proactive efforts were made in such aspects
as entrustment with planning, consulting and other services by making the best use of planning and multifacetedbusiness building abilities, it resulted in net sales of 200 million yen (down 43.8%) and segment income of 147 million
yen (down 54.7%).
(2) Explanation of Financial Position
Assets at the end of the first three quarters increased by 20,136 million yen compared with the end of the previous
fiscal year to 129,883 million yen. This was mainly attributable to cash and deposits increasing by 962 million yen andinventories increasing by 15,850 million yen while part of real estate for sale in process (8,410 million yen) wastransferred to buildings and structures (504 million yen) and land (7,905 million yen) due to a change in the purposeof holding the real estate.
Liabilities increased by 16,942 million yen compared with the end of the previous fiscal year to 99,329 million yen.
This was mainly attributable to long-term loans payable, short-term loans payable and bonds payable increasing by
15,630 million yen.
Net assets increased by 3,194 million yen compared with the end of the previous fiscal year to 30,553 million yen.
This was attributable to cash dividends paid of 2,209 million yen, while recording profit attributable to owners ofparent of 5,252 million yen. As a result, the equity ratio was 23.5% (24.9% at the end of the previous fiscal year).
(3) Explanation of Consolidated Earnings Forecast and Other Forward-Looking Information
The consolidated earnings forecast remains unchanged from the forecast announced on February 8, 2019.

- 4 -2. Quarterly Consolidated Financial Statements and Key Notes(1) Quarterly Consolidated Balance Sheet

Fiscal year ended
Dec. 2018(as of Dec. 31, 2018)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Real estate for sale
Real estate for sale in process
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets- 5 -(Unit: million yen)First three quarters offiscal year ending
Dec. 2019(as of Sept. 30, 2019)16,598491
15,30865,8906,353
104,642

17,561
611
10,45478,184
6,908
113,720

1,459
(462)
997
623
151
(113)
38
1,658

2,012
(533)
1,478
8,528
981
(146)
835
10,843

－
30
30

460
34
495

3,453
(37)
3,415
5,104
109,747

4,862
(37)
4,824
16,163
129,883

Fiscal year ended
Dec. 2018(as of Dec. 31, 2018)
Liabilities
Current liabilities
Short-term loans payable
Current portion of long-term loans payable
Current portion of bonds
Income taxes payable
Asset retirement obligations
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Provision for directors’ share-based benefits
Provision for share-based benefits
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- 6 -(Unit: million yen)First three quarters offiscal year ending
Dec. 2019(as of Sept. 30, 2019)

1,720
23,993
40
1,448
33
9,973
37,2104,365
29,09840
1,689
34
10,57745,805270
44,5689730
77
132
45,17682,387

230
52,489
109
34
282
378
53,524
99,3296,259
1,988
20,310(1,207)27,3526,272
2,001
23,353(1,247)30,3796－
6
1－
27,359109,747

177
(6)
171
1
0
30,553
129,883(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income(Quarterly Consolidated Statement of Income)(Unit: million yen)First three quarters ofFirst three quarters offiscal year ended
fiscal year ending
Dec. 2018
Dec. 2019(from Jan. 1, 2018(from Jan. 1, 2019
to Sept. 30, 2018)
to Sept. 30, 2019)
Net sales
36,03145,923
Cost of sales
25,56732,908Gross profit
10,46413,014
Selling, general and administrative expenses
3,781
4,428
Operating income
6,682
8,586
Non-operating income
Interest income
01
Dividend income
22
Penalty income
6
13
Other
1
2
Total non-operating income
1020
Non-operating expenses
Interest expenses
764
871
Other
21
13
Total non-operating expenses
785
884
Ordinary income
5,907
7,722
Extraordinary income
Gain on reversal of subscription rights to shares
00
Total extraordinary income
00Extraordinary losses
Loss on retirement of non-current assets
43
Total extraordinary losses
43Profit before income taxes
5,903
7,719
Income taxes - current
535
2,403
Income taxes - deferred
1,349
63
Total income taxes
1,884
2,466
Profit4,018
5,252
Profit attributable to owners of parent
4,018
5,252

- 7 -

(Quarterly Consolidated Statement of Comprehensive Income)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests- 8 -First three quarters offiscal year ended
Dec. 2018(from Jan. 1, 2018
to Sept. 30, 2018)
4,018(Unit: million yen)First three quarters offiscal year ending
Dec. 2019(from Jan. 1, 2019
to Sept. 30, 2019)
5,252

(7)
－
(7)
4,010

171
(6)
165
5,417

4,010
－

5,417
－

(3) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumption)
Not applicable.
(Notes on Substantial Changes in the Amount of Shareholders’ Equity)
Not applicable.
(Additional Information)(Application of “Partial Amendments to Accounting Standard for Tax Effect Accounting”)
ES-CON JAPAN has applied “Partial Amendments to Accounting Standard for Tax Effect Accounting” (AccountingStandards Board of Japan “ASBJ” Statement No. 28; February 16, 2018) since the beginning of the consolidated
accounting period for the first quarter, and deferred tax assets is indicated under the classification of investments andother assets and deferred tax liabilities under non-current liabilities.
(Change in Purpose of Hold)In the first three quarters, part of real estate for sale in process (8,410 million yen) was transferred to buildings andstructures (504 million yen) and land (7,905 million yen) due to a change in the purpose of holding the real estate.

- 9 -(Segment Information, etc.)[Segment Information]
I. First Three Quarters of Fiscal Year Ended December 2018 (from January 1, 2018 to September 30, 2018)
1. Information on Net Sales and Income or Loss Amounts by Reporting Segment(Unit: million yen)Amount on
Reporting segment
quarterly
Reconciliation consolidated
Real estate
Real estate
Total
Real estate(Note 1)planning agency
statement ofsales
leasingand consulting
incomebusinessbusinessbusiness(Note 2)
Net sales
Net sales toexternal customers
Intersegment net
sales or transfers
Total
Segment income

33,2252,448

357

36,031－

36,031

－

－

－

－

－

－

33,2252,448

357

36,031－

36,031

7,195

1,532

326

9,054

(2,371)

6,682(Note 1) The reconciliation of segment income of -2,371 million yen is corporate expenses not attributable to any
reporting segment. Corporate expenses are general and administrative expenses not attributable to reporting
segments.
(Note 2) Segment income is reconciled with operating income on the quarterly consolidated statement of income.
2. Information on Impairment Loss on Non-Current Assets or Goodwill, etc. by Reporting Segment
Not applicable.
II. First Three Quarters of Fiscal Year Ending December 2019 (from January 1, 2019 to September 30, 2019)
1. Information on Net Sales and Income or Loss Amounts by Reporting Segment(Unit: million yen)Amount on
Reporting segment
quarterly
Reconciliation consolidated
Real estate
Real estate
Total
Real estate(Note 1)planning agency
statement ofsales
leasingand consulting
incomebusinessbusinessbusiness(Note 2)
Net sales
Net sales toexternal customers
Intersegment net
sales or transfers
Total
Segment income

42,0493,673

200

45,923－45,923

－

－

－

－

－

－

42,0493,673

200

45,923－45,923

8,929

2,320

147

11,398(2,811)

8,586(Note 1) The reconciliation of segment income of -2,811 million yen is corporate expenses not attributable to any
reporting segment. Corporate expenses are general and administrative expenses not attributable to reporting
segments.
(Note 2) Segment income is reconciled with operating income on the quarterly consolidated statement of income.
2. Information on Impairment Loss on Non-Current Assets or Goodwill, etc. by Reporting Segment
In the real estate sales business, goodwill increased by 460 million yen after acquiring the entire share of One’s
Own House Co., Ltd. and Rise Home Co., Ltd., and making them subsidiaries.

- 10 -

3. Other
Status of Contracts and Sales
The performance of contracts in the real estate sales business for the third quarter is as follows:
Third quarter of fiscal year ending Dec. 2019(from Jul. 1, 2019
to Sept. 30, 2019)

Classification

Mid- to high-risehousing, etc.

Contract amount during the period
Number of units(units)

Other
Total
(Note)

Amount(million yen)

Balance of contracts at the end of the period
Number of units(units)Amount(million yen)

134

5,779

611

24,983－

12,406－

21,317134

18,185611

46,300

The above amounts do not include consumption tax, etc.

The main performance of sales by segment for the first three quarters is as follows:First three quarters of fiscal year ending Dec. 2019(from Jan. 1, 2019
to Sept. 30, 2019)

Name of segment

Number of units(units)Property nameCondominiums

357

16,742

Minamisenba I, Chuo-ku

－

6,580

－

4,610

Asumigaoka Brand-New Mall

－

3,200

K’s Denki Oyumino shop

－

2,710

Nagahoribashi Ekimae

－

2,100

Sanbancho, Chiyoda-ku

－

2,034

Kobe-shi Nishi-ku Mitani

－

1,430

Daisen-nishi Commercial II,
Sakai-shi－

946

Nishishiroi Ekimae－451

Detached house

15

415

Fukuoka Kasuga－

401

Nakano-ku Nakano

－

346

Other

－

83

Subtotal

372

42,049Kita-Nagoya Pare Marche
Nishiharu

Real estate sales businessAmount(million yen)

Real estate leasing business

3,673

Real estate planning agency

200

and consulting business
Total(Note 1) There are no transactions between segments.
(Note 2) The above amounts do not include consumption tax, etc.
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45,923