Financial Highlights

(Millions of yen)

  FY2017 FY2018 FY2019
 
Net sales Full year 3,795,992 4,143,505 4,250,000(Forecasts)
1Q 817,439 902,396 1,017,936
Operating income Full year 347,141 372,195 378,000(Forecasts)
1Q 72,827 75,332 92,399
Ordinary income Full year 344,593 359,462 376,000(Forecasts)
1Q 74,284 77,059 93,429
Net income attributable to
owners of the parent
Full year 236,357 237,439 252,000(Forecasts)
1Q 50,642 52,410 65,068
Total assets Full year 4,035,059 4,334,037 -
1Q 3,605,107 4,023,746 4,321,463
Net assets Full year 1,513,585 1,643,717 -
1Q 1,347,233 1,514,900 1,662,668
Net assets ratio Full year 36.5% 36.8% -
1Q 36.6% 36.6% 37.4%
Net income per share (yen) Full year 355.87 357.29 379.62(Forecasts)
1Q 76.31 78.83 98.02
Book-value per share (yen) Full year 2,218.17 2,404.32 -
1Q 1,987.26 2,217.22 2,437.55

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 sales

Net sales

Operating income

Operating income

Net income attributable to owners of the parent

Net income attributable to owners of the parent

Total assets

Total assets

Net assets

Net assets

Net assets ratio

Net assets ratio

Net income per share

Net income per share

Book-value 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

The percentage figures for breakdown of net sales by segment

The percentage figures for breakdown of operating income by segment

  • Note: Net sales and Operating income by segment include intragroup transactions between segments

Single-Family Houses Business

In the Single-Family Houses Business segment, during the term under review, we earnestly addressed our role as a home builder and pursued community-based business projects to expand sales.

In our domestic operations, with regard to our custom-built houses business, we responded to customers’ diversifying needs with a wide-ranging product lineup, focusing particularly on the marketing of three models: the xevoΣ (zevo sigma), a single-family house that 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 have also expanded our menu of housing models to encompass not only standard structures for use as homes only, but also combination (multi-function) housing.

In our overseas operations, with regard to the housing development projects being pursued in Washington D.C. and surrounding areas by Group member Stanley-Martin Communities, LLC, sales have turned upward thanks to the growing need for urban homes for consumers of the Millennial generation, who are tending to move back into city centers.

As a result, net sales for this segment amounted to 101,326 million yen (+16.1% year on year), while operating income came to 1,553 million yen (-14.5% year on year).

Rental Housing Business

In the Rental Housing Business segment, during the term 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.

In our domestic operations, 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.

In overseas markets, we have seen steady business performance from our rental housing properties, including the Aurelian Apartments in Chicago and others, as well as serviced apartments in Vietnam, where business-use demand has been particularly strong with respect to the Roygent Parks Hanoi building, which is posting rental performance exceeding targets.

As a result, net sales for this segment amounted to 242,770 million yen (+2.3% year on year), while operating income came to 24,827 million yen (+28.2% year on year).

Condominiums Business

In the Condominiums Business segment, during the term under review, in addition to constructing condominiums that offer a high level of added value to both the owners and the community at large, we also have operations in the field of condominium building management, in which we offer support in realizing a safe and enjoyable residential experience.

In the Tokyo area, dwelling units at the PREMIST Yoyogi-Koen Parks Front and PREMIST Yamabuki-Kagurazaka (both in central Tokyo) have been sold out, thanks to their twin advantages of locations close to railway/subway stations and quiet residential environments.

Sales of units in the Initia Aoto condominium building (Tokyo) operated by Cosmos Initial Co., Ltd. sold out quickly thanks to the attractions of a location with easy access to Tokyo city center and the convenience offered by a shopping mall directly connected to the local railway station.

In our overseas operations, delivery of the Flour Mill of Summer Hill and Tempo (Drummoyne) projects in Australia, where we were involved in both development and sales, has proceeded smoothly. In Indonesia, sales of units in the Sakura Garden City Project have been performing well thanks to the attractions of future improvements in transport convenience (with an LRT* line scheduled to open) and living environment.

As a result, net sales for this segment amounted to 74,879 million yen (+34.6% year on year), while operating income came to 4,129 million yen (+542.4% year on year).

* Light Rail Transit

Existing Homes Business

In the Existing Homes Business segment, during the term under review, we maintained our policy of mainly 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 our owners and corporate owners of properties. This initiative succeeded in expanding our orders.

With the goal of revitalizing the market for the resale of high-quality existing homes, under the brand name “Livness,” we have been conducting a home-sales campaign, targeting owners of single-family houses and condominiums nationwide, in which we understand the sentimental value of the homes to their owners, and help convey this to future buyers. We have developed a wide range of services that meet users’ needs in the purchase, sale, and renovation, etc. of existing homes.

As a result, net sales for this segment amounted to 35,816 million yen (+30.9% year on year), while operating income came to 6,336 million yen (+202.0% year on year).

Commercial Facilities Business

In the Commercial Facilities Business segment, during the term 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.

In the city of Hiroshima, we have recently commenced developing GRANODE Hiroshima, a large-scale multi-use project incorporating a hotel, a commercial facility, and offices. In this and other projects, we are making combined use of the Group’s management resources to develop complexes that meet customers’ needs.

As a result, net sales for this segment amounted to 180,473 million yen (+9.7% year on year), while operating income came to 31,661 million yen (+7.9% year on year).

Logistics, Business and Corporate Facilities Business

In the Logistics, Business and Corporate Facilities Business segment, during the term 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 logistics facilities business, we leverage our extensive experience and know-how to support clients’ logistics strategies. During the term, we began development of new facilities at 7 locations around the country, including the D Project Okinawa Urasoe, which is Daiwa House’s first logistics facility in Okinawa Prefecture.

In the field of medical and nursing care facilities, we targeted hospitals whose existing facilities are showing signs of aging and which do not meet current earthquake resistance standards, making proposals for reconstruction or relocation. We also strengthened our lineup of solutions to meet the management needs of healthcare corporations, such as those operating homes for senior citizens or multipurpose nursing care facilities.

In the field of support for companies wishing to open new offices or factories, we have started work on development of two major industrial parks―the Hiroshima Innovation Technoport, which involves the redevelopment of the site of the former Hiroshima-Nishi Airport, and the D Project Nagano-Chikuma, which is being pursued collaboratively by private-sector companies and public-sector organizations. We have also stepped up efforts to invite corporations to open places of business in industrial parks developed by the Group. For food factories, we held seminars for manufacturers and processors of food products for making HACCP* compulsory, while also enhancing our proposals for the building of facilities adapted to safety certification.

As a result, net sales for this segment amounted to 290,761 million yen (+16.7% year on year), while operating income came to 31,099 million yen (+2.3% year on year).

* 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.

Other Businesses

In the accommodation business, Daiwa Resort Co., Ltd. opened the D-CITY NAGOYA FUSHIMI, the fourth in the DAIWA ROYAL HOTEL D-CITY chain, a new style of hotel easy for women and tourists to use and enjoy their stay.

In the logistics business, Daiwa Logistics Co., Ltd. opened Komaki Logistics Center I (Aichi Pref.), enabling the company to offer its users the very best in logistics services.

In the fitness club business, Sports Club NAS Co., Ltd. opened two new facilities. One of these is Sports Club NAS Warabi (Saitama Pref.), which has begun offering the Hot Collagen Studio, where participants can practice hot yoga while receiving a light-exposure treatment that is claimed to promote the formation of collagen with the body.

As a result, net sales for this segment amounted to 121,455 million yen (+9.4% year on year), while operating income came to 4,796 million yen (+60.6% year on year).

Notes:

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.

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