CRE, Inc. | Code: 3458 |
Consolidated Results for
First Two Quarters of Fiscal Year ending July 31, 2022
(August 1, 2021 to January 31, 2022)
March 14, 2022
P h o t o : LogiSquare Miyoshi II,
Contents
Fiscal 2022 First Two Quarters: Highlights | P.2 |
Fiscal 2022 First Two Quarters: Key Indicators | P.4 |
Consolidated Summary of Fiscal 2022 First Two Quarters | P.5 |
Status of Business Profit and Segment Income Compared | P.6 |
with Targets Set at Beginning of Year | |
Stock Business | P.7 |
Flow Business | P.12 |
Ripple Effect from Second Public Offering | P.16 |
New Domains | P.17 |
Measures to Support Sustainable Society | P.18 |
Revised Full-Year Targets for Fiscal 2022 | P.19 |
Appendix | P.20 |
Copyright (C) 2022 CRE, Inc. All rights reserved. | 1 |
Fiscal 2022 First Two Quarters | Highlights
Performance Highlights: First Two Quarters
Net sales | ¥37,194 million | (YOY +7.0%/Rate of progress*2 | 60.4%) |
Business profit*1 | ¥6,836 million | (YOY +11.8%/Rate of progress*2 | 76.0%) |
*1: Business profit = Operating profit + Equity in earnings of affiliates + Goodwill amortization (consolidated subsidiaries/equity method affiliates)+ Profit (loss) from business investments
*2: Progress ratio compared to the initial targets at the beginning of term
Business Highlights of First Two Quarters
- Achieved record-high net sales and business profit on front-half basis.
- Achieved higher sales in all segments, reflecting favorable business environment.
- Logistics investment business: Agreement with Sankyu Inc., a logistics company, to promote joint development projects at Osaka Yumeshima
- Logistics investment business: Sale of LogiSquare Miyoshi II for core bridge fund (third quarter, March 1)
- Asset management business: Began formation of flagship fund (open-end core fund), to follow on from REIT
Copyright (C) 2022 CRE, Inc. All rights reserved. | 2 |
Fiscal 2022 First Two Quarters | Highlights
Performance Highlights: Full-Year Outlook
- Considering that currently favorable business results should continue going forward, management made another upward revision to the full-year performance forecast.
- Return-on-equity(ROE) and earnings per share (EPS) should rise even after the capital increase
Disclosed at start of fiscal year | Previously revised | Newly revised | ||||
Operating profit | ¥8,600 million* 1 | → | ¥8,800 million* 2 | → | ¥9,300 million | (+¥500 million +5.7% ) |
E B I T D A | ― | ― | ¥10,000 million | |||
Business profit*3 | ¥9,000 million* 1 | → | ¥9,700 million* 2 | → | ¥10,400 million | (+¥700 million +7.2% ) |
Net income | ¥5,000 million* 1 | → | ¥5,600 million* 2 | → | ¥5,600 million | |
R O E | 17.1%* 1 | → | 17.7%* 2 | → | 17.7% | |
E P S | ¥182.05* 1 | → | ¥ 191.12* 2 | → | ¥190.82 | (-¥0.3-0.2%) |
*1: | Performance forecast at start of fiscal year, announced on September 9, 2021 *2: Revised performance forecast for full-year, announced on December 13, 2021 |
*3: | Business profit = Operating profit + Equity in earnings of affiliates + Goodwill amortization (consolidated subsidiaries/equity method affiliates)+ Profit (loss) from business investments |
Copyright (C) 2022 CRE, Inc. All rights reserved. | 3 |
Fiscal 2022 First Two Quarters | Key Indicators
Stock Business
Real Estate Management Business | Asset Management Business | |
Master lease operating rate | Changes in Assets under Management (AUM) | |
99.2 % | ¥225.1 billion | |
(YOY +1.0%) | (YOY +25.1 billion/ targets on fiscal 2026, ending July 31, 2026, ¥450 billion) | |
Flow Business | Finances | |
Logistics investment business
Pipeline noted in Second Medium-Term Management Plan
(includes sold and undisclosed amounts)
More than ¥200 billion
Of which, pipeline already disclosed
*From next fiscal year, sale of properties is estimated to be around 10% of gross profit
About ¥150 billion
* See page 13 for details
Net debt/equity ratio
(Upper limit at end of year: 2.5 times)
0.42 times
Interest-bearing debt
¥41.1 billion
Copyright (C) 2022 CRE, Inc. All rights reserved. | 4 |
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CRE Inc. published this content on 14 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2022 06:23:07 UTC.