JP-listed companies

JP:3297

Market cap

¥2.8B

P/E ratio

13.3x

Income statement Balance sheet Cash flow

	May 31, 2012	May 31, 2013	May 31, 2014	May 31, 2015	May 31, 2016	May 31, 2017	May 31, 2018	May 31, 2019	May 31, 2020	May 31, 2021	May 31, 2022	May 31, 2023	May 31, 2024
Cash and deposits	-	389	800	560	520	439	458	1,004	709	1,139	884	872	892
Accounts receivable - trade	-	22	32	34	27	25	24	28	30	35	44	34	34
Real estate for sale	-	978	1,063	1,186	1,353	1,698	2,148	1,524	2,434	2,146	2,304	2,482	3,194
Real estate for sale in process and other-CA	-	305	375	564	694	829	967	1,235	1,488	882	1,194	1,386	1,204
Merchandise	-	16	8	8	4	2	2	1	2	1	1	1	1
Supplies	-	4	4	4	3	4	5	4	4	4	4	3	4
Advance payments to suppliers	-	19	11	17	29	33	19	30	26	64	37	41	50
Prepaid expenses	-	10	10	11	12	15	21	25	24	34	24	49	26
Other	-	13	10	9	6	7	12	10	29	18	38	12	34
Current assets	-	1,790	2,352	2,433	2,677	3,082	3,690	3,859	4,744	4,321	4,529	4,880	5,437
Buildings	-	477	477	344	260	276	293	307	316	472	487	479	494
Accumulated depreciation	-	-170	-185	-166	-108	-118	-129	-140	-149	-131	-145	-160	-177
Buildings, net	-	308	292	178	152	158	164	167	167	342	342	319	317
Structures	-	9	11	13	12	14	16	14	10	12	12	13	10
Accumulated depreciation	-	-5	-6	-7	-6	-8	-9	-9	-8	-8	-8	-9	-7
Structures, net	-	4	6	7	6	7	7	5	2	4	4	4	3
Vehicles	-	15	15	18	17	17	16	16	16	16	15	15	11
Accumulated depreciation	-	-14	-13	-14	-7	-10	-11	-13	-13	-15	-15	-14	-11
Vehicles, net	-	1	2	4	10	6	4	3	2	1	0	1	0
Tools, furniture and fixtures	-	32	34	36	39	40	46	53	56	49	58	67	72
Accumulated depreciation	-	-27	-29	-29	-32	-35	-38	-43	-46	-38	-43	-52	-60
Tools, furniture and fixtures, net	-	5	4	6	6	5	8	11	10	12	15	15	13
Land	-	334	334	200	179	192	229	236	244	272	293	275	346
Leased assets	-	11	11	11	11	11	11	11	11	11	11	11	11
Accumulated depreciation	-	-2	-4	-6	-8	-10	-11	-11	-11	-11	-11	-11	-11
Property, plant and equipment	-	660	644	400	355	369	412	421	486	630	654	613	679
Software	-	2	5	3	4	8	9	55	42	30	28	16	12
Intangible assets	-	5	6	8	7	13	12	57	43	30	28	16	12
Investment securities	-	6	7	23	22	24	25	23	23	24	26	28	34
Investments in capital	-	0	0	0	0	0	0	0	0	0	0	0	0
Distressed receivables	-	5	0	1	1	1	1	1	0	0	1	1	1
Long-term prepaid expenses	-	5	3	3	3	2	45	35	26	30	15	9	4
Deferred tax assets	-	-	-	-	-	-	-	57	53	66	68	75	77
Other	-	4	4	0	0	0	0	0	0	62	47	47	47
Allowance for doubtful accounts	-	-4	-0	-1	-1	-1	-1	-0	-0	-0	-1	-1	-1
Investments and other assets	-	73	72	84	93	96	178	176	164	183	156	159	163
Non-current assets	-	739	723	491	454	478	603	654	693	844	837	788	854
Assets	-	2,529	3,075	2,925	3,131	3,560	4,258	4,514	5,438	5,165	5,366	5,669	6,291
Accounts payable - trade	-	58	81	60	111	103	153	87	146	112	175	142	132
Short-term borrowings	-	192	102	25	17	297	527	17	1,035	257	337	67	497
Current portion of long-term borrowings	-	252	271	260	265	207	175	257	235	225	189	188	241
Accounts payable - other	-	37	54	49	53	62	66	73	70	66	79	71	65
Accrued expenses	-	73	85	83	99	97	98	107	106	97	109	104	105
Income taxes payable	-	66	88	76	96	94	121	94	41	147	91	104	18
Advances received	-	6	5	17	14	20	17	15	18	24	20	13	19
Deposits received	-	54	53	104	61	61	64	72	82	71	72	79	85
Unearned revenue	-	4	4	3	3	3	3	3	3	3	4	3	4
Provision for warranties for completed construction	-	1	4	3	4	5	6	7	6	6	5	7	6
Other	-	-	24	18	6	0	0	46	0	90	0	23	0
Current liabilities	-	746	773	701	733	951	1,231	780	1,744	1,097	1,080	801	1,172
Long-term borrowings	-	777	733	466	346	230	315	673	482	504	405	669	797
Provision for retirement benefits	-	-	-	-	-	-	-	-	-	22	33	40	47
Asset retirement obligations	-	79	81	66	63	69	70	72	73	63	64	65	65
Other	-	23	21	18	19	19	19	18	18	19	20	20	20
Non-current liabilities	-	887	841	557	431	322	406	764	573	608	522	794	928
Liabilities	-	1,633	1,614	1,257	1,163	1,272	1,637	1,544	2,317	1,705	1,601	1,594	2,100
Share capital	-	113	302	303	303	303	303	303	303	303	303	303	303
Legal capital surplus	-	68	258	258	258	258	258	258	258	258	258	258	258
Other capital surplus	-	-	-	-	-	-	-	-	-	1	1	6	6
Capital surplus	-	68	258	258	258	258	258	258	258	259	259	264	264
Legal retained earnings	-	2	2	2	2	2	2	2	2	2	2	2	2
General reserve	-	320	320	320	320	320	320	320	320	320	320	320	320
Retained earnings brought forward	-	392	579	782	1,083	1,401	1,733	2,083	2,278	2,590	2,894	3,179	3,292
Retained earnings	-	714	901	1,103	1,405	1,723	2,055	2,405	2,600	2,912	3,216	3,501	3,614
Treasury shares	-	-	-	-0	-0	-0	-0	-0	-44	-18	-18	-1	-1
Shareholders' equity	-	895	1,461	1,664	1,966	2,284	2,616	2,966	3,118	3,456	3,760	4,067	4,180
Valuation difference on available-for-sale securities	-	1	1	3	3	4	5	3	3	4	5	7	11
Valuation and translation adjustments	-	1	1	3	3	4	5	3	3	4	5	7	11
Net assets	747	895	1,462	1,667	1,968	2,288	2,621	2,969	3,121	3,460	3,765	4,074	4,191
Liabilities and net assets	-	2,529	3,075	2,925	3,131	3,560	4,258	4,514	5,438	5,165	5,366	5,669	6,291