SBI ARUHI CORPORATION 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. | |
Consolidated Financial Results for the First Three-Month Period of
the Fiscal Year Ending March 31, 2022
(under IFRS)
August 5, 2021 | |
Company name: | ARUHI Corporation (the "Company") |
Listing: | Tokyo Stock Exchange |
Securities code: | 7198 |
URL: | https://www.aruhi-group.co.jp |
Representative: | Hiroshi Hamada, Chairman of the Board, Representative Director, President and CEO |
Inquiries: | Yasuko Matsumoto, Managing Director, CFO |
TEL: | +81-3-6229-0777 |
Scheduled date to file interim securities report: | August 13, 2021 |
Scheduled date to commence dividend payments: | - |
Preparation of supplementary material on interim financial results: | Yes |
Holding of interim financial results presentation meeting: | Yes (for analysts) |
(Millions of yen with fractional amounts rounded down, unless otherwise noted)
1. Consolidated financial results for the first three-month period of the fiscal year ending March 31, 2022 (from April 1, 2021 to June 30, 2021)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | ||||||||||||
Operating revenue | Income before tax | Net income | Net income attributable | ||||||||||
to owners of the parent | |||||||||||||
Three-month period | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||
ended | |||||||||||||
June 30, 2021 | 6,854 | 5.7 | 1,828 | (8.6) | 1,258 | (8.3) | 1,261 | (8.1) | |||||
June 30, 2020 | 6,484 | 1.9 | 2,000 | (8.8) | 1,372 | (8.8) | 1,372 | (8.8) | |||||
Total comprehensive | Basic earnings per share | Diluted earnings per | |||||||||||
income | share | ||||||||||||
Three-month period | Millions of yen | % | Yen | Yen | |||||||||
ended | |||||||||||||
June 30, 2021 | 1,258 | (8.3) | 35.50 | 35.16 | |||||||||
June 30, 2020 | 1,372 | (8.8) | 38.99 | 38.40 | |||||||||
(2) Consolidated financial position | |||||||||||||
Equity attributable to | Ratio of equity | ||||||||||||
Total assets | Total equity | attributable to owners of | |||||||||||
owners of the parent | |||||||||||||
the parent to total assets | |||||||||||||
As of | Millions of yen | Millions of yen | Millions of yen | % | |||||||||
June 30, 2021 | 152,620 | 30,312 | 30,312 | 19.9 | |||||||||
March 31, 2021 | 164,762 | 30,093 | 30,093 | 18.3 | |||||||||
2. Cash dividends
Annual dividends per share | ||||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | ||
Yen | Yen | Yen | Yen | Yen | ||
Fiscal year ended | - | 25.00 | - | 30.00 | 55.00 | |
March 31, 2021 | ||||||
Fiscal year ending | - | |||||
March 31, 2022 | ||||||
Fiscal year ending | ||||||
March 31, 2022 | 30.00 | - | 30.00 | 60.00 | ||
(Forecast) | ||||||
Note: Revisions to the forecast of cash dividends most recently announced: None
3. Consolidated earnings forecasts for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
(Percentages indicate year-on-year changes.) | |||||||||||
Net income | Basic earnings per | ||||||||||
Operating revenue | Income before tax | Net income | attributable to | ||||||||
share | |||||||||||
owners of the parent | |||||||||||
Millions | % | Millions | % | Millions | % | Millions | % | Yen | |||
of yen | of yen | of yen | of yen | ||||||||
Fiscal year ending | 29,500 | 10.0 | 8,520 | 10.0 | 5,700 | 10.1 | 5,700 | 10.1 | 161.38 | ||
March 31, 2022 | |||||||||||
Notes: 1. Revisions to the earnings forecasts most recently announced: None
2. The forecast of the basic earnings per share is calculated based on the weighted-average number of shares during the period of March 31, 2021.
* Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
- Changes in accounting policies and changes in accounting estimates
- Changes in accounting policies required by IFRS: Yes
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
Note: | For details, please see "(5) Notes to condensed interim consolidated financial statements" in "2. Condensed interim | |||||
consolidated financial statements and significant notes thereto" in the attached materials. | ||||||
(3) Number of issued shares (ordinary shares) | ||||||
a. Total number of issued shares at the end of the period (including treasury shares) | ||||||
As of June 30, 2021 | 36,080,600 shares | |||||
As of March 31, 2021 | 36,080,600 shares | |||||
b. Number of treasury shares at the end of the period | ||||||
As of June 30, 2021 | 557,460 shares | |||||
As of March 31, 2021 | 578,760 shares | |||||
c. Weighted-average number of shares during the period (cumulative from the beginning of the fiscal year)
For the three-month period ended June 30, 2021 | 35,517,924 shares |
For the three-month period ended June 30, 2020 | 35,203,147 shares |
- Interim financial results reports are exempt from interim review conducted by certified public accountants or an audit corporation.
-
Proper use of earnings forecasts, and other special matters (Caution concerning forward-looking statements)
The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. These statements do not purport that the Company pledges to realize such statements. Actual business and other results may differ substantially from these forecasts due to various factors.
Table of Contents of Appendix | ||
1. Qualitative information regarding results for the first three-month period .......................................................... | ||
(3) | Explanation of consolidated earnings forecasts and other forward-looking statements................................. | 3 |
2. Condensed interim consolidated financial statements and significant notes thereto ............................................ | 4 | |
(1) | Condensed interim consolidated statement of financial position ................................................................... | 4 |
(2) | Condensed interim consolidated statement of net income and condensed interim consolidated statement | |
of comprehensive income .............................................................................................................................. | 5 | |
(3) | Condensed interim consolidated statement of changes in equity ................................................................... | 6 |
(4) | Condensed interim consolidated statement of cash flows .............................................................................. | 7 |
(5) | Notes to condensed interim consolidated financial statements ...................................................................... | 8 |
(Note on assumption of going concern) ........................................................................................................ | 8 | |
(Changes in accounting policies) .................................................................................................................. | 8 | |
(Segment information) .................................................................................................................................. | 8 |
1
1. Qualitative information regarding results for the first three-month period
-
Explanation of operating results
In the three-month period ended June 30, 2021, the business environment affecting the residential housing related industry, to which the Company belongs, has shown some signs of a recovery, but the uncertain situation due to the impact of the novel coronavirus disease (COVID-19) has become prolonged. The number of new housing starts has shown signs of a gradual recovery although it is still weak compared to the level before the COVID-19 pandemic, and the number of contracts signed for preowned condominiums and preowned houses has recovered to the level before the COVID-19 pandemic. In our outlook for the market, we expect that the trend of more people seeking comfortable living environments in response to such factors as changes in lifestyles due to the widespread adoption of teleworking, along with a positive effect from tax reductions on housing loans, will keep the market proceeding at a comparatively solid level. However, in addition to the gradual slowdown in the market due to soaring property prices and the declaration of a state of emergency for some areas in April 2021, it is necessary to closely monitor the impact of soaring lumber prices and supply shortages due to the wood shock lumber shortage.
Given this situation, the Company formulated the Mid-term Strategic Plan 2021, a five-year plan that started in this fiscal year, and by evolving into a comprehensive "One-stop Homebuying Service Company" that adds real estate business and consumer service business to the housing loan business, the core business the Company has been focusing its efforts on, it aims to become a consumer brand focused on customers and actively working on improving corporate value. In the housing loan business, the Company established regional branches in order to build a sales structure that can provide more detailed support to each sales office and achieve further growth. In the real estate business, the Company established ARUHI Homebuying Concierge Corporation in April 2021, and although we are still in the process of establishing a system for referring customers between companies within the Group through consulting work for housing loans and buying and selling properties, we are already receiving a lot of positive feedback. In addition, the purchase and resale business for residential real estate launched by ARUHI Real Estate Technologies Corporation has gotten off to a good start, with contracts for properties being signed in a very short period of time.
As a result, the number of loan originations (including refinancing) for the Company in the three-month period ended June 30, 2021 increased 2.1% year on year, which is a high level compared to the overall Flat 35 market, and its share is on an increasing trend.
On the operating revenues front, loan execution operations saw an increase of 7.5% year on year for origination fee sales due to the trend of increasing amounts per loan. Furthermore, although the financing operations saw a 3.2% decrease year on year, loan management and collection operations and insurance- related operations, which are stock-type revenue related to housing loans, showed solid growth. Loan management and collection operations rose 14.7% year on year due to a steady number of loan originations, and insurance-related operations rose 28.0% year on year partly due to the release of the "Mirai" Package service that offers a discount under certain conditions on premiums for all-illness coverage special contract, amid the rising interest, due to the spread of COVID-19, in life insurance that offers protections against reductions in personal income.
Operating revenue for the three-month period ended June 30, 2021 increased 5.7% year on year to ¥6,854 million. On the other hand, due to an increase in advertising expenses for TV commercials and other aggressive promotional activities, income before tax decreased 8.6% year on year to ¥1,828 million. Net income decreased 8.3% year on year to ¥1,258 million, and net income attributable to owners of the parent decreased 8.1% year on year to ¥1,261 million.
As the Company operates within the single segment of housing loan related business, a presentation by segment is omitted. - Explanation of financial position (Assets)
As of June 30, 2021, assets were ¥152,620 million, a decrease of ¥12,141 million compared with March 31, 2021. This was primarily due to cash and cash equivalents decreasing ¥4,970 million, and operating loans receivable decreasing ¥8,196 million due to seasonality.
(Liabilities)
As of June 30, 2021, liabilities were ¥122,308 million, a decrease of ¥12,359 million compared with March 31, 2021. This was primarily due to deposits received and borrowings decreasing ¥4,422 million and ¥7,954 million, respectively.
2
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Aruhi Corporation published this content on 05 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2021 06:25:06 UTC.
