Jinushi Co., Ltd.
JINUSHI Co., Ltd. announces consolidated financial results for the third quarter Profit forecast revised upward
JINUSHI Co., Ltd. (Headquarters: Imahashi, Chuo-ku, Osaka; Chairman and CEO: Tetsuya Matsuoka) announced on November 14, 2022, its consolidated financial results for the third quarter of the fiscal year ending December 31, 2022.
Summary of Consolidated Financial Results 1. Income statement Sales: JPY29.8bn (-JPY9.9bn YoY) Operating profit: JPY3.7bn (+JPY91mn YoY) Recurring profit: JPY3.7bn (+JPY47mn YoY) Quarterly profit attributable to owners of parent was 1,349 million yen (down 1,241 million yen year on year).
This result was due to i) continued strong performance in the flow business centered on real estate sales, which improved the profit margin, and ii) the expansion of the stock business centered on real estate rental revenue and asset management revenue. Thing.
Summary of Consolidated Financial Results 2. Balance Sheet
At the end of the third quarter, total assets were ¥82,943 million (down ¥3,393 million from the end of the previous fiscal year), liabilities were ¥54,027 million (down ¥4,528 million), and net assets were ¥28,916 million (up ¥1,134 million year on year).
In addition, the equity ratio was 34.8%, and the net D/E ratio and DCR are both managed at a favorable level.
Revision of Consolidated Earnings Forecasts for the Fiscal Year Ending December 2022
As for the full-year forecast, we have revised the sales forecast downward because we cannot expect to acquire or sell large-scale projects during the period. On the other hand, the profitability of existing projects is improving due to the improvement of the reputation of the JINSUHI business and the creation and expansion of the leasehold land market. In addition, we have revised our profit forecast upward, taking into account the profit contribution from the sale of a subsidiary and the recording of an extraordinary loss. [Image 3
*Please refer to the news release on our website for details on the announcement of financial results for the current fiscal year, the sale of a subsidiary, and the recording of an extraordinary loss. https://www.jinushi-jp.com/news/
[Jinushi Co., Ltd.]
A manufacturer of real estate financial products listed on the Tokyo Stock Exchange Prime Market, specializing in the JINUSHI business. Since our founding in 2000, we have been conducting the JINUSHI business, which invests only in land, utilizing fixed-term commercial land leases. Buy land and rent land. We do not build or own any buildings. We provide investors with real estate financial products that can expect stable long-term income from rented land. We aim to become a large landowner in Japan based on our unique business model. On January 10, 2022, the company name was changed from Nippon Commercial Development Co., Ltd. to its current name.
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