Financed newly JPY76.0 bn of hybrid bonds and JPY74.0 bn of hybrid loans
Made an early repayment of JPY50.0 bn of hybrid bonds and JPY100.0 bn of hybrid loans, respectively
3
Financial Highlights (Consolidated)
We marked a good start in 1Q towards the annual guidance
Revenue from Operations
（ Billion yen ）
523.4
(TBA)
500
447.0
400
357.2
339.6
287.5
300
200
112.5
100
106.9
0
18/12
19/12
20/12
21/12
22/12
23/12
Ordinary Income (Recurring Income)
（ Billion yen ）
(132.0)
140
123.2
120
95.6
109.5
100
72.5
84.6
80
60
31.7
40
20
28.4
0
18/12
19/12
20/12
21/12
22/12
23/12
Operating Income
（ Billion yen ）
(140.0)
140
126.1
114.5
120
100.5
100
88.3
75.5
80
60
34.1
40
20
29.0
0
18/12
19/12
20/12
21/12
22/12
23/12
Profit attributable to owners of parents
（ Billion yen ）
100
(86.5)
79.1
80
58.8
63.6
69.5
60
49.5
40
20
22.0
0
18.3
18/12
19/12
20/12
21/12
22/12
23/12
4
FY2023 1Q Income Statement (Consolidated)
All income items are at record highs for 1Q
(Million yen)
FY22/12
FY23/12
QoQ Increase（%)
Major factors for changes
1Q
1Q
Revenue from
106,928
112,561
5,633
(+5.2%)
Real Estate Business
+2.2 bn
Operations
Hotels/Ryokans
+3.8 bn
Gross Operating Profit
41,224
47,767
6,542
Hotels/Ryokans
+0.8 bn
SGA Expenses
12,205
13,576
1,371
Amortization of goodwill
Operating Income
29,019
34,190
5,170
(+17.8%)
+0.2 bn
Non-operating Income
2,273
816
-1,457
Real Estate Business
+3.1 bn
Non-operating Expenses
2,860
3,234
373
Hotels/Ryokans
+2.1 bn
Ordinary Income
28,432
31,772
3,339
(+11.7%)
Early termination fee
-1.2 bn
(Recurring Income)
Extraordinary Gains
35
777
742
Compensation income for loss
from redevelopment
+0.5 bn
Extraordinary Losses
902
274
-628
Corporate Tax, others
9,235
10,276
1,040
Profit attributable to
18,343
22,009
3,665
(+19.9%)
Owners of Parents
5
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Disclaimer
Hulic Co. Ltd. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 00:11:09 UTC.
Hulic Co Ltd is a Japan-based company mainly engaged in the real estate business and insurance business. It operates through two business segments. Real Estate segment has three kinds of business. The real estate leasing business manages approximately 250 rental properties (excluding real estate for sale) that are owned and managed mainly near stations in the 23 wards of Tokyo. Real estate development business is performed according to the characteristics of the property location. Asset management business is entrusted with asset management business. It also provides real estate rental, building management and cleaning business. The Insurance segment is engaged in non-life insurance agency business such as fire insurance and automobile insurance, life insurance such as fixed-term insurance and endowment insurance, and solicitation business. It is also engaged in the design, repair and construction work on owned buildings, hotel and inn management and agricultural production in Vietnam.
HULIC CO., LTD. 
