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Consolidated Financial Report
1.CONSOLIDATED FINANCIAL RESULTS
(APRIL 1, 1997 - MARCH 31, 1998)
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(1) OPERATING RESULTS
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Note: All figures less than one million yen have been rounded down in this report.
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Revenue From Operations
(Percent Change) |
Operating Income
(Percent Change) |
Ordinary Income
(Percent Change) |
Year Ended
March 31, 1998
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36,183 million yen
(- 8.4%)
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5,689 million yen
(-28.7%)
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5,129 million yen
(-13.8%)
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Year Ended
March 31, 1997
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39,498 million yen
( 13.6%)
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7,976 million yen
( 47.1%)
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5,951 million yen
(136.7%)
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Net Income
(Percent Change) |
Earnings
per Share
(EPS) |
Fully
Diluted
EPS |
Return on
Equity |
Ordinary
Income/
Total Assets |
Ordinary Income/
Revenue From Operations |
Year Ended
March 31, 1998
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2,856 million yen ( 0.9%)
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114.25 yen
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-
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21.0%
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3.9%
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14.2%
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Year Ended
March 31, 1997
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2,830 million yen (169.3%)
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113.24 yen
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-
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26.1%
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4.3%
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15.1%
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| Note: |
Equity in earnings of investees:
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The fiscal year ended March 31, 1998: None
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The fiscal year ended March 31, 1997: None
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(2) FINANCIAL POSITION
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Total Assets
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Shareholders' Equity
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Shareholders' Equity
to Total Assets
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Shareholders' Equity
per Share
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Year Ended
March 31, 1998
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134,377 million yen
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14,553 million yen
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10.8%
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582.14 yen
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Year Ended
March 31, 1997
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130,348 million yen
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12,611 million yen
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9.7%
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504.46 yen
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(3) SCOPE OF CONSOLIDATION AND APPLICATION OF THE EQUITY METHOD
| Number of consolidated subsidiaries: |
6 |
(Pal Housing Co., Ltd. , Sumitomo Fudosan Step U.S.A., Inc. ,
Sumitomo Fudosan Step(N.Y.), Inc. , S.R.E.S.-Fifth Avenue, Inc. ,
S.R.E.S.-ZGP, Inc. , La Solana D.C., Inc.) |
| Number of non-consolidated subsidiaries: |
None |
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| Number of affiliated companies: |
1 |
(There are no equity-method affiliates.) |
(4) CHANGES IN ACCOUNTING METHOD
| 1) |
Changes in scope of consolidation and application of the equity method |
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None |
| 2) |
Changes in accounting method |
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None |
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2.FORECASTS FOR THE FISCAL YEAR ENDING MARCH 31, 1999
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Revenue From Operations
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Ordinary Income
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Net Income
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April 1, 1998-
March 31, 1999
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41,000 million yen
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6,400 million yen
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4,600 million yen
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| [Reference] |
Estimated earnings per share (consolidated) : 160.84 yen |
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Estimated earnings per share (non-consolidated) : 121.89 yen |
| Note: |
On June 19, 1998 ,the company increased capital through a public offering of 3,600 thousand shares.
Consequently, the estimated earnings per share is calculated based on 28,600 thousand shares, the number of issued shares for the year ending March 31, 1999. |
[Reference] Non-consolidated financial results for the fiscal year ended March 31, 1998
Revenue From Operations
(Percent Change) |
Operating Income
(Percent Change) |
Ordinary Income
(Percent Change) |
33,352 million yen
(-11.5%) |
5,565 million yen
(-28.8%) |
4,583 million yen
(-19.9%) |
Net Income
(Percent Change) |
Earnings per Share
(EPS) |
Fully Diluted EPS |
Total Assets |
Shareholders' Equity |
| 2,383 million yen ( -6.2%) |
95.35 yen |
- |
135,253 million yen |
15,679 million yen |
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