(Millions of yen)
|Net sales||Full year||3,512,909||3,795,992||4,050,000(Forecasts)|
|Operating income||Full year||310,092||347,141||354,000(Forecasts)|
|Ordinary income||Full year||300,529||344,593||352,000(Forecasts)|
|Net income attributable to
owners of the parent
|Total assets||Full year||3,555,885||4,035,059||-|
|Net assets||Full year||1,329,901||1,513,585||-|
|Net assets ratio||Full year||36.8%||36.5%||-|
|Net income per share (yen)||Full year||304.14||355.87||360.77(Forecasts)|
|Book-value per share (yen)||Full year||1,971.66||2,218.17||-|
Note: Figures are rounded down to the nearest million yen, with the exception of the net assets ratio, net income per share, and net assets per share.
Net income attributable to owners of the parent
Net assets ratio
Net income per share
Book-value per share
- Note1: Amounts below 100 million yen are omitted.
The percentage figures for breakdown of net sales and operating income by segment
Single-Family Houses Business
In the Single-Family Houses Business segment, during the period under review, we earnestly addressed our role as a home builder and pursued community-based business projects to expand sales.
In our custom-built houses business, we focused on the marketing of three models: the xevoΣ (zevo sigma), a single-family house, which offers resistance against repeated strong earthquakes as well as extra comfort thanks to its external wall thermal insulation system and the spaciousness provided by its 2.72-meter-high ceilings; the xevo GranWood, a wooden house; and the “skye”, a single-family house that comes in three-, four-, and five-story versions. We also expanded our menu of housing models with combination housing (multi-function housing).
We focused on expanding to a new group of customers with the launch of the xevo∑ PREMIUM, a new product targeting wealthier people. It features the industry's highest standard of insulation and earthquake resistance and long-term guarantees (*1), and a Grand Full Design with sash windows/doors reaching the 2.72-meter-high ceiling as standard equipment, as well as the new Belxiix exterior walls incorporating 12-mm-deep carvings, among the deepest in the industry (*2).
Nevertheless, net sales for this segment amounted to 187,414 million yen (-2.6% year on year), while operating income came to 9,879 million yen (-16.7% year on year) due to increasing personnel costs and others, and high material costs.
*1. According to Daiwa House Industry research.
*2. Among the deepest in the industry for ceramic sidings.
Rental Housing Business
In the Rental Housing Business segment, during the period under review, we worked to strengthen our range of proposals for more effective use of landholdings, making optimal use of our comprehensive services covering everything from initial estimates of site-use potential through planning, design and construction to management support. We took steps to acquire an expanded volume of orders for large-scale projects, including strengthening our efforts in three-story as well as medium- to high-rise rental housing properties.
We launched the Séjour Cube-II and Séjour Ott’s Cube-III rental housing building models, which feature a unique zigzag external shape arranged in what we call the Flying Geese pattern, making best use of the configuration of the site. We also began marketing the Du-Smica, a type of rental housing targeting dual-income households, featuring various ingenious ideas to help residents make the most of the space available when tidying up and to cut down on the time required for housework. In these and other ways, we worked to expand our product lineup and menu of specifications.
As part of our Royal Parks series of urban rental condominiums, which we have been offering since 2005, we completed the construction of Royal Parks ER Bandai, a high-class rental condominium complex that is one of the biggest in Niigata Prefecture (*). It incorporates facilities that can cope with emergencies and can function as a medical treatment site in case of a disaster.
As a result, net sales for this segment amounted to 534,468 million yen (+3.8% year on year), while operating income came to 55,263 million yen (-5.9% year on year).
* The building has a total of 326 units, including serviced apartments. Research by Living Gallery Inc. This is limited to rental condominiums.
In the Condominiums Business segment, during the period under review, we worked to expand our supply net over the entire country and to design and develop condominium buildings that will provide a high degree of added value for both our customers and society as a whole.
In condominium sales in the Tokyo area, the sale of units in our PREMIST Yamabuki-Kagurazaka (Tokyo) went very smoothly, thanks to the twin attractions of a location near stations in central Tokyo and the quiet residential environment.
In Tochigi Prefecture, we commenced the sale of units in the PREMIST Oyama Station Residence project, which faces JR Oyama Station and incorporates commercial facilities as well as facilities supporting parents raising children. This was just one of a number of our marketing drives for complex re-development condominiums in regional cities.
Cosmos Initia Co., Ltd. completed sales of all units of Initia Kohoku New Town (Kanagawa Pref.), thanks to its excellent access to central Tokyo and the large number of major commercial facilities easily accessible by residents.
As a result, net sales for this segment amounted to 106,666 million yen (-0.7% year on year), while operating income came to 2,038 million yen (-1.7% year on year).
Existing Homes Business
In the Existing Homes Business segment, during the period under review, we maintained our policy of strengthening our relationship with the owners of single-family houses and rental housing built by the Company by means of regular inspections. We also strengthened our lineups of renovation proposals for warranty extensions, and enhanced our maintenance proposals for business assets of corporate owners of properties approaching the end of their tenancy period. This initiative succeeded in expanding our orders.
We also held nationwide seminars for home owners and our corporate business partners regarding our new Groupwide “Livness” brand—an existing home sale and purchase service—to improve the circulation of pre-owned housing. This was one of a number of measures to meet the wide range of user needs in the field of existing homes, including buying, selling, and renovation.
As a result, net sales for this segment amounted to 55,683 million yen (+0.1% year on year), while operating income came to 7,665 million yen (+13.2% year on year).
Commercial Facilities Business
In the Commercial Facilities Business segment, during the period under review, we made facility-opening proposals that match the business strategies of corporate tenants, as well as a wide variety of proposals that made optimal use of the unique characteristics of each region. We also took a number of measures to expand the scope of our business. In particular, we strengthened our efforts in the field of large-scale projects such as hotels and commercial buildings. Also, for customers looking for options in the purchase of real estate for investment purposes, we took steps to expand our services to encompass land acquisition, construction, and leasing-out to tenants. Thanks to these moves, our level of order receipts held firm.
As a result, net sales for this segment amounted to 340,026 million yen (+13.6% year on year), while operating income came to 69,257 million yen (+23.0% year on year).
Logistics, Business and Corporate Facilities Business
In the Logistics, Business and Corporate Facilities Business segment, during the period under review, we worked to enhance the Group's business scope by constructing a variety of facilities to suit the differing business needs of our corporate customers, and by providing total support services that enable customers to most effectively utilize their assets.
In the field of logistics facilities, during the term we commenced construction of new facilities at 14 sites around Japan. We also started operation of the Intelligent Logistics Center PROTO within one of our existing logistics facilities. PROTO is a new type of logistics sharing model (*1) that fully leverages AI, IoT, and robotics technologies.
In our offices and factories business, we offered proposals for building new corporate facilities or relocating existing ones, for realizing ZEB offices and factories (*2), and stepped up efforts to attract companies to the industrial parks we are developing. For food factories, we held seminars for manufacturers and processors of food products for making HACCP (*3) compulsory, while also enhancing our proposals for the building of facilities adapted to safety certification.
Daiwa House Industry also collaborated with the municipality of Kawasaki (Kanagawa Pref.) in the KING SKYFRONT (*4). This project—whose urban development theme is to attract large numbers of companies and talented people, and to facilitate exchange—aims to be an international strategic base which will group together leading-edge companies and research institutions in the life sciences field. The construction of a hotel and two research-use buildings is completed as the primary development stage.
As a result, net sales for this segment amounted to 500,666 million yen (+26.9% year on year), while operating income came to 56,049 million yen (+14.7% year on year).
*1. This sharing model allows three companies – airCloset, Inc. (engaged in online services), waja Co., Ltd. (operation of e-commerce and e-commerce logistical support), and Tokyo Otaku Mode Inc. (e-commerce, online media and online services) – to share the same space, with the same staff, equipment and system.
*2. ZEB comes from Net Zero Energy Building, a building that generates as much sustainable energy as it consumes.
*3. Hazard analysis and critical control points (HACCP) is a systematic preventive approach to food safety in production and preparation processes, in which the dangers posed by contamination by microorganisms at each stage of the process are analyzed and managed.
*4. This project is being constructed on the site of a former factory of Isuzu Motors. Daiwa House acquired Section A in June 2014. A hotel and five research-use buildings are to be constructed, with completion scheduled for fiscal 2021.
During the period under review, in our home centers business, Royal Home Center Co., Ltd. opened the Royal Home Center Adachi-Shikahama (Tokyo). This facility offers an extensive lineup of products to meet the needs of construction-site staff and a pet store that handles more than 240 different types and breeds of pets. Our nationwide network of 59 stores continues to offer customers an array of useful information relating to everyday life, as well as proposals for home improvement.
In the accommodation business, Daiwa Resort Co., Ltd. opened DAIWA ROYAL HOTEL D-CITY in two locations in Osaka and one in Nagoya. This is a new style of hotel easy for women and tourists to use and enjoy their stay. Daiwa Resort also opened DAIWA ROYAL HOTEL GRANDE KYOTO as its flagship hotel. Daiwa Royal Co., Ltd. opened Daiwa Roynet Hotel CHIBA-CHUO, a hotel with excellent access to central Tokyo, Makuhari, and the Maihama direction, making it perfect for business as well as leisure. The Daiwa House Group is focused on developing hotels that take into account regional characteristics and locational aspects.
In our fitness club business, Sports Club NAS Co., Ltd. opened the Sports Club NAS Nishi-Kasai (Tokyo), featuring the company's first women-only floor under the name of BEAUTY AREA.
As a result, net sales for this segment amounted to 324,188 million yen (+6.4% year on year), while operating income came to 15,933 million yen (-9.3% year on year).
1. Net sales for each segment include internal (inter-segment) sales and transfers in addition to sales to external customers.
2. The above monetary amounts are exclusive of consumption tax, etc.