The Prospect Japan Fund Ltd: Closing Announcement of Third Quarter of the Fiscal Year Ending March 31, 2018 [Japanese Standards] (Consolidated)
SAINT PETER PORT, Guernsey, Feb. 14, 2018 /PRNewswire/ -- Prospect Co., Ltd., has announced 3rd quarter results of fiscal year ending March 31, 2018 on February 13, 2018. Please find the link below for more details:
http://www.prospectjapan.co.jp/ir/pdf/daisanshihanki180213_e.pdf
- End of News Release –
| [Translation] |
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| Closing Announcement of Third Quarter of the Fiscal Year Ending March 31, 2018 [Japanese Standards] (Consolidated) |
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| February 13, 2018 |
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| Name of Listed Company: |
Prospect Co., Ltd. |
Listed on the Tokyo Stock Exchange |
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| Code No.: |
3528 |
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| Representative: |
(Title) |
Representative Director and President |
(Name) Curtis Freeze |
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| Contact Person: |
(Title) |
Representative Director, Managing Director |
(Name) Masato Tabata |
TEL: 03-3470-8411 |
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| Scheduled Date of Submitting Quarterly Report: |
February 13, 2018 |
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| Scheduled Date of Commencement of Dividend Payment: |
- |
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| Whether supplementary explanation materials for the quarterly closing are prepared: |
Yes |
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| Whether explanation meeting is held for the quarterly closing: |
No |
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| (Indicated by rounding off an amount less than 1 million yen) |
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| 1. Consolidated Results for Third Quarter of Fiscal Year Ending March 31, 2018 (From April 1, 2017 to December 31, 2017) |
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| (1) Consolidated Operating Results (cumulative) |
(% indicates the rate of increase or decrease from the same quarter of the previous year.) |
|
| Sales |
Operating profit |
Ordinary profit |
Net profit attributable to |
|||||
| (million yen) |
% |
(million yen) |
% |
(million yen) |
% |
(million yen) |
% |
|
| Third Quarter of the Fiscal Year |
8,086 |
2.4 |
△461 |
- |
245 |
- |
2,083 |
- |
| Third Quarter of the Fiscal Year |
7,895 |
△7.0 |
△202 |
- |
△10 |
- |
△21 |
- |
| (Note) Comprehensive income: |
Third Quarter of Fiscal |
2,151 |
(million yen) |
(-%) |
Third Quarter of Fiscal Year |
△189 |
(million yen) |
(-%) |
| Net profit per share |
Fully diluted net profit per share |
|
| (yen, sen) |
(yen, sen) |
|
| Third Quarter of the Fiscal Year |
6.87 |
6.27 |
| Third Quarter of the Fiscal Year |
△0.12 |
- |
(2) Consolidated Financial Condition
| Total assets |
Net asset |
Net worth ratio |
Net asset per share |
|
| (million yen) |
(million yen) |
% |
(yen, sen) |
|
| Third Quarter of the Fiscal Year Ending March 31, 2018 |
40,516 |
24,562 |
63.2 |
62.21 |
| Fiscal Year Ended March 31, 2017 |
27,368 |
12,489 |
42.0 |
67.77 |
| (Reference) Net worth: |
Third Quarter of Fiscal Year Ending March 31, 2018: |
25,596 |
(million yen) |
Fiscal Year Ended March 31, 2017: |
11,505 |
(million yen) |
2. Status of Dividend
| Annual dividend |
|||||
| End of 1st quarter |
End of 2nd quarter |
End of 3rd quarter |
End of period |
Total |
|
| (yen, sen) |
(yen, sen) |
(yen, sen) |
(yen, sen) |
(yen, sen) |
|
| Fiscal Year Ended March 31, 2017 |
- |
- |
- |
3.00 |
3.00 |
| Fiscal Year Ending March 31, 2018 |
- |
- |
- |
||
| Fiscal Year Ending March 31, 2018 (Forecast) |
4.00 |
4.00 |
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(Note) Existence of adjustment of the dividend forecast most recently announced: None
3. Expected Consolidated Results for Fiscal Year Ending March 31, 2018 (From April 1, 2017 to March 31, 2018)
The Company Group has proactively adopted M&A as a diversification strategy and has also expanded its asset management business as one of its important segments. As these businesses tend to be significantly affected by changes in economic conditions and market environment, it is extremely difficult to properly forecast and disclose ordinary business results. As there is a risk of misleading investors, etc., in disclosing business results forecast under such circumstances, the Company has adopted a policy to make timely disclosure of closing business results and a summary of the business to be conducted on a quarterly basis, and not to disclose a forecast of consolidated business results.
* Precautions
(1) Changes in material subsidiaries in the current consolidated cumulative quarter (changes in the special subsidiaries accompanying changes in the scope of consolidation): Yes
New: 1 (Company Name: The Prospect Japan Fund Limited), Exclusion: --- (Company Name: )
(Note) For details, refer to "2. Quarterly Consolidated Financial Statements and Major Notes (3) Notes to Quarterly Consolidated Financial Statements (Changes in Material Subsidiaries in the Current Consolidated Cumulative Quarter)" on p. 8 of the attached materials.
(2) Application of accounting particular to preparation of Consolidated Quarterly Financial Statements: None
(3) Changes in accounting policy, changes in accounting estimate and restatement
[1] Changes in accounting policy in connection with the amendment of accounting standards, etc.: None
[2] Changes in accounting policy other than [1] above: None
[3] Changes in accounting estimate: None
[4] Restatement: None
(4) Number of outstanding shares (common stocks)
| [1] Number of outstanding shares at the end |
3Q of the Fiscal Year |
414,232,572 |
shares |
Fiscal Year Ended |
172,556,807 |
shares |
| [2] Number of treasury stocks at the end of |
3Q of the Fiscal Year |
2,775,519 |
shares |
Fiscal Year Ended |
2,773,334 |
shares |
| [3] Average number of shares during the |
3Q of the Fiscal Year |
303,064,625 |
shares |
3Q of the Fiscal Year |
169,799,864 |
shares |
* The quarterly closing announcement is not subject to quarterly review.
* Explanation about Appropriate Use of the Forecast of Business Results and other Matters to be Noted
Description regarding the future such as the forecast of business results stated in this material is based on information which the Company has currently obtained and certain assumptions that the Company determines to be reasonable, and does not make assurances of the achievement thereof by the Company. Also, actual results, etc., may significantly differ from the forecast depending on various factors. For the conditions constituting the precondition of the forecast of business results and the matters to be noted in using the forecast of business results, etc., refer to "1. Qualitative Information of the Current Quarterly Closing (3) Explanation about Future Forecast Information, including Forecast of Consolidated Business Results" on p. 3 of the attached materials.
○ Table of Contents of Attached Materials
| 1. Qualitative Information of the Current Quarterly Closing ....................................................................................... |
2 |
| (1) Explanation about Business Results ...................................................................................................................... |
2 |
| (2) Explanation about Financial Conditions .............................................................................................................. |
3 |
| (3) Explanation about Future Forecast Information, including Forecast of Consolidated Business Results ................................................................................ |
3 |
| 2. Quarterly Consolidated Financial Statements and Major Notes ............................................................................ |
4 |
| (1) Consolidated Quarterly Financial Statements ...................................................................................................... |
4 |
| (2) Quarterly Consolidated Profit and Loss Statement and Consolidated Statement of Comprehensive Income |
6 |
| Quarterly Consolidated Profit and Loss Statement |
|
| Consolidated Cumulative Third Quarter ..................................................................................................... |
6 |
| Consolidated Statement of Comprehensive Income |
|
| Consolidated Cumulative Third Quarter ..................................................................................................... |
7 |
| (3) Notes to Quarterly Consolidated Financial Statements ...................................................................................... |
8 |
| (Notes to Assumptions on Going Concern) ......................................................................................................... |
8 |
| (Explanatory Note in Case of Significant Changes in the Amount of Shareholders' Equity) ................... |
8 |
| (Changes in Material Subsidiaries in the Current Consolidated Cumulative Quarter) ................................ |
8 |
| (Application of Accounting Particular to Preparation of Consolidated Quarterly Financial Statements) |
8 |
| (Changes in Accounting Policy) ............................................................................................................................. |
8 |
| (Changes in Accounting Estimate) ........................................................................................................................ |
8 |
1. Qualitative Information of the Current Quarterly Closing
(1) Explanation about Business Results
The Japanese economy during the Current Consolidated Cumulative 3rd Quarter continued along a moderate recovery track partly due to the effects from various policies implemented by the central government. On the other hand, there remain concerns with regard to uncertainty in overseas economic conditions and the impact on financial and capital markets.
Under such a business environment, sales of the Company Group for the Consolidated Cumulative 3rd Quarter for the year ending March 31, 2018 were 8,086 million yen (7,895 million yen in the same quarter in the previous year), operating loss was 461 million yen (operating loss of 202 million yen in the same quarter in the previous year), ordinary profit was 245 million yen (ordinary loss of 10 million yen in the same quarter in the previous year), quarterly net profit attributable to owners of the parent was 2,083 million yen (quarterly net loss attributable to owners of the parent of 21 million yen in the same quarter in the previous year).
In this regard, in the Consolidated Cumulative 2nd Quarter, in connection with The Prospect Japan Fund Limited (hereinafter referred to as "TPJF") becoming a subsidiary, we recorded profit on negative goodwill of 2,420 million yen in extraordinary profit.
Business performance by segment is as follows.
In addition, the name of the reported segment has been changed since the Consolidated 1st Quarter. The previously named "Solar Business" has been renamed the "Renewable Energy Business" due to the start of the biomass related business. There is no other impact on the segment information other than the name change.
[1] Real Estate Sales Business, Condominium Sales Business
We mainly sell condominiums for general customers in the metropolitan area.
In the Current Consolidated Cumulative 3rd Quarter, we executed new contracts for 102 housing units at 3,937 million yen (114 housing units at 3,869 million yen in the same quarter in the previous year) and delivered 93 housing units and recorded sales of 3,018 million yen and segment profit of 288 million yen (44 housing units for sales of 1,710 million yen and segment loss of 6 million yen in the same quarter in the previous year).
[2] Real Estate Sales Business, Land and Buildings
We focus our sales on residential land and detached homes as well as individual buildings, etc.
In the Current Consolidated Cumulative 3rd Quarter, no contracts or sales results were recorded (contracts of 364 million yen, sales of 490 million yen and segment profit of 44 million yen in the same quarter in the previous year).
[3] Real Estate Sales Business, Custom-Made Homes
We undertake contract construction and reform construction for detached homes, etc., mainly in Yamagata Prefecture as a business area.
In the Current Consolidated Cumulative 3rd Quarter, we executed new contracts for 33 buildings of 957 million yen (26 buildings of 808 million yen in the same quarter in the previous year) and delivered 25 buildings and recorded sales of 1,026 million yen and a segment loss of 5 million yen (29 buildings, sales of 1,113 million yen and segment profit of 17 million yen in the same quarter in the previous year) (including reforms, etc.).
[4] Asset Management Business
We conduct management business of real estate and securities, comprised of Japanese stocks.
In the Current Consolidated Cumulative 3rd Quarter, we recorded sales of 477 million yen and segment profit of 269 million yen (sales of 246 million yen and segment profit of 91 million yen in the same quarter in the previous year).
[5] Construction Business
We conduct propulsion construction and pre-stressed concrete (PC) construction, etc.
In the Current Consolidated Cumulative 3rd Quarter, we recorded sales of 3,173 million yen and segment profit of 201 million yen (sales of 415 million yen and segment profit of 149 million yen in the same quarter in the previous year).
[6] Renewable Energy Business
We conduct renewable energy business, the main revenue source of which is the sale of electricity generated by PV, etc.
In the Current Consolidated Cumulative 3rd Quarter, we recorded sales of 384 million yen and segment profit of 119 million yen (sales of 182 million yen and segment profit of 73 million yen in the same quarter in the previous year).
[7] Other
For others, mainly as real estate lease business, we lease condominiums, etc., owned by the Company to general customers.
In the Current Consolidated Cumulative 3rd Quarter, we recorded sales of 39 million yen and segment profit of 19 million yen (sales of 47 million yen and segment profit of 21 million yen in the same quarter in the previous year).
(2) Explanation about Financial Conditions
Total assets at the end of the Current Consolidated 3rd Quarter were 40,516 million yen, an increase of 13,148 million yen as compared with the end of the previous consolidated fiscal year. This was due to an increase in cash and deposits and securities in connection with TPJF becoming a consolidated subsidiary, an increase in inventory assets in connection with the new purchase of land for the condominium sales business and the progress of projects, and an increase in tangible fixed assets related to capital investment in the renewable energy business, etc.
Liabilities at the end of the Current Consolidated 3rd Quarter were 15,954 million yen, an increase of 1,075 million yen as compared with the end of the previous consolidated fiscal year. This was due to an increase in borrowings as a result of new financing of project funds in the condominium sales business and capital investment funds, etc., in the renewable energy business, etc.
Net assets at the end of the Current Consolidated 3rd Quarter were 24,562 million yen, an increase of 12,072 million yen as compared with the end of the previous consolidated fiscal year. This was due to an increase in capital and capital surplus as a result of the issuance of new shares in connection with consolidation of TPJF, etc.
(3) Explanation about Future Forecast Information, including Forecast of Consolidated Business Results
With regard to the outlook for the future, improvement in the economic environment is expected due to the success of various economic policies. However, it is expected that it will take considerable time until improvements in income and employment situations are observed, and the overall situation in the immediate future is still somewhat unpredictable.
Under such circumstances, the Company Group has proactively adopted M&A as a diversification strategy and has also expanded its asset management business as one of its important segments. As these businesses tend to be significantly affected by changes in economic conditions and market environment, it is extremely difficult to properly forecast and disclose ordinary business results. As there is a risk of misleading investors, etc., in disclosing business results forecast under such circumstances, the Company has adopted a policy to make timely disclosure of closing business results and a summary of the business to be conducted on a quarterly basis, and not to disclose a forecast of sales and a forecast of profits for the Fiscal Year ended March 31, 2018.
2. Quarterly Consolidated Financial Statements and Major Notes
(1) Consolidated Quarterly Financial Statements
| (Unit: thousand yen) |
||
| Previous Consolidated |
Current Consolidated |
|
| Assets |
||
| Current Assets |
||
| Cash and deposits |
5,409,806 |
6,785,765 |
| Notes and accounts receivable |
295,664 |
403,044 |
| Accounts receivable for completed construction projects |
1,071,410 |
605,083 |
| Accounts receivable for investment advisory fees |
16,397 |
2,517 |
| Securities |
790,188 |
10,909,623 |
| Real estate for sale |
925,573 |
687,989 |
| Real estate for sale in process |
2,451,405 |
3,294,724 |
| Real estate for development |
476,221 |
27,039 |
| Expenses for uncompleted construction projects |
27,631 |
150,074 |
| Raw materials and stores |
21,088 |
13,493 |
| Deferred tax assets |
376,038 |
194,909 |
| Other |
1,137,521 |
2,678,709 |
| Allowance for doubtful accounts |
△49,358 |
△47,269 |
| Total Current Assets |
12,949,590 |
25,705,706 |
| Fixed Assets |
||
| Tangible fixed assets |
||
| Buildings (net) |
710,726 |
678,467 |
| Machinery, equipment and delivery equipment (net) |
3,372,631 |
3,206,740 |
| Tools, furniture and fixtures (net) |
53,093 |
42,477 |
| Land |
2,558,513 |
2,579,338 |
| Construction in progress |
891,705 |
2,169,359 |
| Total tangible fixed assets |
7,586,671 |
8,676,383 |
| Intangible fixed assets |
||
| Goodwill |
1,015,260 |
870,670 |
| Software |
17,602 |
16,384 |
| Other |
30,255 |
37,517 |
| Total intangible fixed assets |
1,063,118 |
924,571 |
| Investments and other assets |
||
| Investment securities |
114,546 |
114,546 |
| Investments in capital |
2,761,293 |
3,784,864 |
| Long-term loans |
2,445,624 |
1,005,725 |
| Deferred tax assets |
11,567 |
6,743 |
| Other |
1,076,068 |
955,250 |
| Allowance for doubtful accounts |
△640,442 |
△657,327 |
| Total investments and other assets |
5,768,658 |
5,209,802 |
| Total Fixed Assets |
14,418,447 |
14,810,757 |
| Total Assets |
27,368,038 |
40,516,463 |
| (Unit: thousand yen) |
||
| Previous Consolidated |
Current Consolidated |
|
| Liabilities |
||
| Current Liabilities |
||
| Notes and accounts payable |
833,260 |
754,178 |
| Accrued construction payment |
1,759,135 |
769,976 |
| Short-term borrowings |
181,400 |
586,530 |
| Bonds to be redeemed within a year |
51,900 |
53,800 |
| Current portion of long-term borrowings |
1,798,503 |
3,607,530 |
| Corporate income tax, etc., payable |
244,108 |
89,769 |
| Amount received for uncompleted construction projects |
179,947 |
279,811 |
| Reserve for bonuses |
135,026 |
56,244 |
| Reserve for officers' bonuses |
12,420 |
- |
| Allowance for compensation for completed construction projects |
11,375 |
11,445 |
| Allowance for construction projects losses |
16,700 |
6,300 |
| Provision for loss on litigation |
20,000 |
- |
| Other |
655,190 |
1,002,157 |
| Total Current Liabilities |
5,898,968 |
7,217,744 |
| Fixed Liabilities |
||
| Bonds |
146,700 |
164,800 |
| Long-term borrowings |
7,854,349 |
7,387,108 |
| Deferred tax liabilities |
1,890 |
270,095 |
| Net defined benefit liabilities |
136,674 |
134,563 |
| Reserve for retirement benefits for officers |
114,822 |
147,195 |
| Allowance for compensation for completed construction projects |
201,995 |
201,995 |
| Provision for loss on compensation expenses |
23,000 |
23,000 |
| Asset retirement obligations |
11,179 |
11,185 |
| Other |
489,024 |
396,625 |
| Total Fixed Liabilities |
8,979,636 |
8,736,569 |
| Total Liabilities |
14,878,604 |
15,954,313 |
| Net Assets |
||
| Shareholders' equity |
||
| Capital |
4,257,256 |
11,227,977 |
| Capital surplus |
5,480,641 |
10,971,093 |
| Retained earnings |
1,838,718 |
3,412,904 |
| Treasury stock |
△140,020 |
△140,148 |
| Total shareholders' equity |
11,436,596 |
25,471,827 |
| Accumulated other comprehensive income |
||
| Foreign currency translation adjustments |
69,318 |
125,151 |
| Total accumulated other comprehensive income |
69,318 |
125,151 |
| New share subscription rights |
778,640 |
△1,249,058 |
| Non-controlling interest |
204,878 |
214,229 |
| Total Net Assets |
12,489,433 |
24,562,150 |
| Total Liabilities and Net Assets |
27,368,038 |
40,516,463 |
(2) Quarterly Consolidated Profit and Loss Statement and Consolidated Statement of Comprehensive Income
(Quarterly Consolidated Profit and Loss Statement)
(Consolidated Cumulative Third Quarter)
| (Unit: thousand yen) |
||
| Previous Consolidated (From April 1, 2016 To December 31, 2016) |
Current Consolidated Cumulative 3rd Quarter (From April 1, 2017 To December 31, 2017) |
|
| Sales |
7,895,869 |
8,086,679 |
| Cost of Goods Sold |
6,622,752 |
6,172,182 |
| Gross Profit on Sales |
1,273,116 |
1,914,496 |
| Selling, General and Administrative Expenses |
1,475,164 |
2,376,183 |
| Operating profit or operating loss (△) |
△202,047 |
△461,686 |
| Non-operating Income |
||
| Interest income and dividend |
328,716 |
253,068 |
| Gain on investments in capital |
- |
711,557 |
| Valuation gain on securities |
- |
9,227 |
| Clerical affairs fee received |
1,700 |
3,350 |
| Penalties income |
4,660 |
- |
| Reversal of selling expenses |
394 |
383 |
| Foreign currency exchange profit |
119,993 |
21,009 |
| Reversal of allowance for doubtful accounts |
444 |
- |
| Other |
22,318 |
31,164 |
| Total Non-operating Income |
478,227 |
1,029,760 |
| Non-operating Expenses |
||
| Interest expenses |
232,634 |
255,191 |
| Borrowing fees |
14,674 |
13,996 |
| Bond issuance cost |
- |
1,225 |
| Transfer to allowance for doubtful accounts |
- |
1,136 |
| Other |
39,820 |
50,587 |
| Total Non-operating Expenses |
287,129 |
322,137 |
| Ordinary profit or ordinary Loss (△) |
△10,949 |
245,936 |
| Extraordinary Profits |
||
| Profit on sale of fixed assets |
1,226 |
1,857 |
| Profit on reversal of stock acquisition rights |
7,593 |
8,320 |
| Profit on negative goodwill |
- |
2,420,250 |
| Reversal of provision for loss on litigation |
- |
4,871 |
| Total Extraordinary Profits |
8,820 |
2,435,299 |
| Extraordinary Losses |
||
| Retirement loss on fixed assets |
196 |
9 |
| Total Extraordinary Losses |
196 |
9 |
| Quarterly net profit or net loss before dividends |
△2,326 |
2,681,227 |
| Dividends distribution from silent partnership |
7,675 |
10,552 |
| Quarterly net profit before taxes, etc. or quarterly net loss |
△10,001 |
2,670,675 |
| Corporate income tax, resident tax and business tax payable |
30,944 |
116,307 |
| Adjustment of corporate income tax, etc. |
△24,861 |
453,936 |
| Total corporate income tax, etc. |
6,082 |
570,244 |
| Quarterly net profit or quarterly net loss (△) |
△16,083 |
2,100,430 |
| Quarterly net profit attributable to non-controlling interests |
4,964 |
16,894 |
| Quarterly net profit attributable to owners of the parent |
△21,047 |
2,083,536 |
(Consolidated Statement of Comprehensive Income)
(Consolidated Cumulative Third Quarter)
| (Unit: thousand yen) |
||
| Previous Consolidated (From April 1, 2016 To December 31, 2016) |
Current Consolidated Cumulative 3rd Quarter (From April 1, 2017 To December 31, 2017) |
|
| Quarterly net profit or quarterly net loss (△) |
△16,083 |
2,100,430 |
| Other comprehensive income |
||
| Foreign currency translation adjustments |
△173,664 |
50,950 |
| Total other comprehensive income |
△173,664 |
50,950 |
| Quarterly comprehensive income |
△189,747 |
2,151,381 |
| (Breakdown) |
||
| Quarterly comprehensive income attributable to |
△169,710 |
2,139,368 |
| Quarterly comprehensive income attributable to non- |
△20,037 |
12,012 |
(3) Notes to Quarterly Consolidated Financial Statements
(Notes to Assumptions on Going Concern)
No applicable matter.
(Explanatory Note in Case of Significant Changes in the Amount of Shareholders' Equity)
During the Current Consolidated Cumulative 3rd Quarter, new shares were issued in connection with TPJF becoming a subsidiary. New shares were issued due to the partial exercise of 1st New Share Subscription Rights (234,000 units), partial exercise of 2nd New Share Subscription Rights (10,000 units), partial exercise of 3rd New Share Subscription Rights (85 units), and partial exercise of 4th New Share Subscription Rights (1,221 units). As a result, capital increased by 6,970,720 thousand yen and capital surplus increased by 5,490,451 thousand yen, and capital was 11,227,977 thousand yen and capital surplus was 10,971,093 thousand yen at the end of the Current Consolidated 3rd Quarter.
(Changes in Material Subsidiaries in the Current Consolidated Cumulative Quarter)
During the Consolidated 2nd Quarter, TPJF became a wholly-owned subsidiary of the Company. In connection therewith, TPJF has been included in the scope of consolidation from the Consolidated 2nd Quarter.
TPJF falls under the category of a special subsidiary of the Company.
(Application of Accounting Particular to Preparation of Consolidated Quarterly Financial Statements)
No applicable matter.
(Changes in Accounting Policy)
No applicable matter.
(Changes in Accounting Estimate)
No applicable matter.
| Closing of Third Quarter of the Fiscal Year Ending March 31, 2018: Supplementary Explanation Material |
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| [Closing Overview] |
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| For sales, in the condominium sales business, in which two new buildings were completed during the Current Consolidated Cumulative 3rd Quarter, and in the renewable energy business, in which five solar power generation projects have been operating stably, etc., sales exceeded results in the previous period. As a result, the entire Group recorded sales of 8,086 million yen, exceeding the same period in the previous year. |
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| 1. Consolidated Business Results |
(Unit: million yen) |
|||||||||||||||||||||||||||||||||||||||||||
| Consolidated Cumulative 3Q of the Fiscal Year Ended March 31, 2014 |
Consolidated Cumulative 3Q of the Fiscal Year Ended March 31, 2015 |
Consolidated Cumulative 3Q of the Fiscal Year Ended March 31, 2016 |
Consolidated Cumulative 3Q of the Fiscal Year Ended March 31, 2017 |
Consolidated Cumulative 3Q of the Fiscal Year Ending March 31, 2018 |
Rate of increase or decrease from the previous year (%) |
(Reference) |
||||||||||||||||||||||||||||||||||||||
| Sales |
5,585 |
11,007 |
8,486 |
7,895 |
8,086 |
2.4 |
14,143 |
|||||||||||||||||||||||||||||||||||||
| Operating profit |
△ 106 |
246 |
△ 393 |
△ 202 |
△ 461 |
- |
△ 43 |
|||||||||||||||||||||||||||||||||||||
| Ordinary profit |
△ 130 |
321 |
△ 390 |
△ 10 |
245 |
- |
516 |
|||||||||||||||||||||||||||||||||||||
| Net profit attributable to owners of the parent (for the year) |
△ 130 |
162 |
△ 468 |
△ 21 |
2,083 |
- |
488 |
|||||||||||||||||||||||||||||||||||||
| Net profit per share (for the year) |
△ 1.54 |
1.47 |
△ 2.98 |
△ 0.12 |
6.87 |
2.88 |
||||||||||||||||||||||||||||||||||||||
| (Individual Business Results) |
(Unit: million yen) |
|||||||||||||||||||||||||||||||||||||||||||
| Consolidated Cumulative 3Q of the Fiscal Year Ended March 31, 2017 |
Consolidated Cumulative 3Q of the Fiscal Year Ending March 31, 2018 |
Rate of increase or decrease from the previous year (%) |
(Reference) |
|||||||||||||||||||||||||||||||||||||||||
| Sales |
2,352 |
3,149 |
33.9 |
6,565 |
||||||||||||||||||||||||||||||||||||||||
| Operating profit |
△ 403 |
△ 360 |
- |
△ 96 |
||||||||||||||||||||||||||||||||||||||||
| Ordinary profit |
△ 48 |
558 |
- |
643 |
||||||||||||||||||||||||||||||||||||||||
| Net profit (for the year) |
△ 40 |
300 |
- |
670 |
||||||||||||||||||||||||||||||||||||||||
| Net profit per share (for the year) |
△ 0.24 |
0.99 |
3.95 |
|||||||||||||||||||||||||||||||||||||||||
| 2. Business Results by Reported Segment |
||||||||||||||||||||||||||||||||||||||||||||
| (1) Sales |
(Unit: million yen) |
|||||||||||||||||||||||||||||||||||||||||||
| Consolidated Cumulative 3Q of the Fiscal Year Ended March 31, 2014 |
Consolidated Cumulative 3Q of the Fiscal Year Ended March 31, 2015 |
Consolidated Cumulative 3Q of the Fiscal Year Ended March 31, 2016 |
Consolidated Cumulative 3Q of the Fiscal Year Ended March 31, 2017 |
Consolidated Cumulative 3Q of the Fiscal Year Ending March 31, 2018 |
Rate of increase or decrease from the previous year (%) |
(Reference) |
||||||||||||||||||||||||||||||||||||||
| Real estate sales business |
||||||||||||||||||||||||||||||||||||||||||||
| Condominium sales |
3,541 |
2,890 |
1,305 |
1,710 |
3,018 |
76.5 |
4,103 |
|||||||||||||||||||||||||||||||||||||
| Land and building |
- |
- |
111 |
490 |
- |
△ 100.0 |
2,264 |
|||||||||||||||||||||||||||||||||||||
| Custom-made homes |
1,891 |
1,452 |
1,284 |
1,113 |
1,026 |
△ 7.8 |
1,565 |
|||||||||||||||||||||||||||||||||||||
| Asset management business |
127 |
428 |
256 |
246 |
477 |
93.8 |
173 |
|||||||||||||||||||||||||||||||||||||
| Construction business |
- |
6,207 |
5,489 |
4,105 |
3,173 |
△ 22.7 |
5,722 |
|||||||||||||||||||||||||||||||||||||
| Renewable energy business |
- |
- |
40 |
182 |
384 |
110.3 |
250 |
|||||||||||||||||||||||||||||||||||||
| Total |
5,559 |
10,978 |
8,487 |
7,848 |
8,080 |
3.0 |
14,080 |
|||||||||||||||||||||||||||||||||||||
| Other |
26 |
44 |
43 |
47 |
39 |
△ 16.1 |
62 |
|||||||||||||||||||||||||||||||||||||
| Elimination of intersegment transactions |
- |
△ 16 |
△ 45 |
- |
△ 33 |
- |
- |
|||||||||||||||||||||||||||||||||||||
| Total |
5,585 |
11,007 |
8,486 |
7,895 |
8,086 |
2.4 |
14,143 |
|||||||||||||||||||||||||||||||||||||
| (2) Operating profit |
(Unit: million yen) |
|||||||||||||||||||||||||||||||||||||||||||
| Consolidated Cumulative 3Q of the Fiscal Year Ended March 31, 2014 |
Consolidated Cumulative 3Q of the Fiscal Year Ended March 31, 2015 |
Consolidated Cumulative 3Q of the Fiscal Year Ended March 31, 2016 |
Consolidated Cumulative 3Q of the Fiscal Year Ended March 31, 2017 |
Consolidated Cumulative 3Q of the Fiscal Year Ending March 31, 2018 |
The rate of increase or decrease from the previous year |
(Reference) |
||||||||||||||||||||||||||||||||||||||
| Real estate sales business |
||||||||||||||||||||||||||||||||||||||||||||
| Condominium sales |
38 |
138 |
△ 107 |
△ 6 |
288 |
- |
313 |
|||||||||||||||||||||||||||||||||||||
| Land and building |
- |
- |
6 |
44 |
- |
△ 100.0 |
218 |
|||||||||||||||||||||||||||||||||||||
| Custom-made homes |
130 |
103 |
32 |
17 |
△ 5 |
- |
29 |
|||||||||||||||||||||||||||||||||||||
| Asset management business |
55 |
110 |
37 |
91 |
266 |
191.1 |
△ 39 |
|||||||||||||||||||||||||||||||||||||
| Construction business |
- |
396 |
292 |
149 |
185 |
23.9 |
287 |
|||||||||||||||||||||||||||||||||||||
| Renewable energy business |
- |
- |
△ 105 |
73 |
119 |
63.3 |
73 |
|||||||||||||||||||||||||||||||||||||
| Total |
224 |
748 |
154 |
369 |
855 |
131.6 |
881 |
|||||||||||||||||||||||||||||||||||||
| Other |
14 |
21 |
27 |
21 |
3 |
△ 81.5 |
28 |
|||||||||||||||||||||||||||||||||||||
| Depreciation of goodwill |
△ 69 |
△ 142 |
△ 147 |
△ 148 |
△ 144 |
- |
△ 197 |
|||||||||||||||||||||||||||||||||||||
| Expenses of entire company |
△ 276 |
△ 382 |
△ 427 |
△ 444 |
△ 1,176 |
- |
△ 756 |
|||||||||||||||||||||||||||||||||||||
| Total |
△ 106 |
246 |
△ 393 |
△ 202 |
△ 461 |
- |
△ 43 |
|||||||||||||||||||||||||||||||||||||
| Prospect Co., Ltd. |
|
| Representative Director, President: Curtis Freeze |
|
| (Security Code: 3528, 2nd Section of TSE) |
|
| Contact: |
Representative Director, Managing Director, Masato Tabata |
| TEL: |
03 (3470) 8411 (Main) |
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