2022年３月期 第１四半期
（June 30, 2021)
FACT SHEETS
Ⅰ． 第１四半期決算推移 Page ２－３
June 30, 2021
Ⅱ． （参考） 2021年３月期決算 Page ４－９
March 31, 2021
（別紙） 四半期営業情報
（Appendix） Quarterly Information
住友不動産株式会社
Sumitomo Realty & Development Co., Ltd.
（ご 照 会 先）
－REFERENCE－
Phone ０３－３３４６－２３４２
Facsimile ０３－５３２２－６７３２
http://www.sumitomo-rd.co.jp/ir/
2022年３月期 第１四半期 (Jun-21) 連結決算 (Consolidated base)
＊2020年3月期期首より、会計方針（住友不動産販売の収益認識基準）の変更をしております。2019年3月期第1四半期は遡及適用後の数値を記載してお
ります。
(Financial results for the first quarter of March 2019 fiscal year have been adjusted retroactively, reflecting the adoption of Accounting Standard for
Revenue Recognition in Sumitomo Real Estate Sales effective from the beginning of March 2020 fiscal year. )
＊2021年3月期期首よりセグメント変更を行い、「販売事業」、「流通事業」、「調整額（記載省略）」に計上していた住友不動産販売の業績は「流通事業」へ
計上しております。2020年3月期第１四半期は変更後の数値を記載しております。
(From the beginning of March 2021 fiscal year, the business segments for revenue and income from Sumitomo Real Estate Sales have been changed,
from the allocation to "Sales", "Brokerage" and "Adjustments (not presented in the document)", to be consolidated into "Brokerage". Financial results
for the first quarter of March 2020 fiscal year have been adjusted retroactively.)
[損益計算書] (Statements of operations)
2017/6 2018/6 2019/6 2020/6 2021/6
単位：百万円 (millions of yen) Jun-17 Jun-18 Jun-19 Jun-20 Jun-21
売上高 Revenue from operations 270,930 308,747 334,356 315,959 250,410
売上総利益 Gross profit 81,191 93,520 102,853 100,440 87,995
粗利益率 Gross profit margin 30.0% 30.3% 30.8% 31.8% 35.1%
販管費 S,G&A expenses 18,005 21,765 21,457 17,677 16,954
営業利益 Operating income 63,186 71,755 81,395 82,762 71,041
営業利益率 Operating income margin 23.3% 23.2% 24.3% 26.2% 28.4%
受取利息・配当金 Interest & dividend income 4,428 5,302 6,107 6,602 6,250
その他 Others 1,465 344 72 264 418
営業外収益 Non-operating income 5,894 5,646 6,179 6,866 6,668
支払利息 Interest expenses 5,167 5,150 4,955 4,635 4,552
その他 Others 1,227 1,176 1,077 936 943
営業外費用 Non-operating expenses 6,395 6,327 6,033 5,572 5,495
(金融収支) (Net interest receive) (▲739) (152) (1,152) (1,967) (1,698)
経常利益 Ordinary profit 62,685 71,074 81,542 84,057 72,214
特別利益 Extraordinary income - 0 0 12,225 0
特別損失 Extraordinary loss 138 482 1,084 509 700
税金等調整前四半期純利益
62,546 70,593 80,458 95,773 71,513
Income before income taxes
法人税等 Income tax and other taxes 18,948 21,631 24,627 30,285 22,329
非支配株主に帰属する四半期純利益
794 － － － －
Profit attributable to non-controlling interests
親会社株主に帰属する四半期純利益
42,804 48,961 55,831 65,488 49,184
Profit attributable to owners of parent
[セグメント情報]（Segment Information）
（１）売上高 2017/6 2018/6 2019/6 2020/6 2021/6
Revenue from operations
単位：百万円 (millions of yen) Jun-17 Jun-18 Jun-19 Jun-20 Jun-21
賃貸事業 Leasing 86,821 89,635 97,254 97,436 105,326
販売事業 Sales 133,739 168,572 185,858 171,854 98,737
完工事業 Housing Construction 32,983 32,102 32,379 31,475 27,724
流通事業 Brokerage 15,986 17,224 18,623 15,924 18,205
合計 Total 270,930 308,747 334,356 315,959 250,410
（２）営業利益 2017/6 2018/6 2019/6 2020/6 2021/6
Operating income
単位：百万円 (millions of yen) Jun-17 Jun-18 Jun-19 Jun-20 Jun-21
賃貸事業 Leasing 38,148 38,183 41,765 40,023 43,917
販売事業 Sales 25,029 33,641 38,657 44,188 26,420
完工事業 Housing Construction ▲373 ▲529 ▲127 ▲26 ▲166
流通事業 Brokerage 4,619 5,072 4,578 3,413 4,746
合計 Total 63,186 71,755 81,395 82,762 71,041
2/9
[事業の概況] （Review of operations）
（１）賃貸事業部門 (Leasing) 2017/6 2018/6 2019/6 2020/6 2021/6
【連結ベース】 (Consolidated base)
Jun-17 Jun-18 Jun-19 Jun-20 Jun-21
オフィス期末空室率* Vacancy rate* 4.7% 4.7% 2.3% 1.5% 3.5%
* 竣工後１年を経過した既存オフィスビルの空室率 (Vacancy rate for existing buildings)
（２）販売事業部門 (Sales) 2017/6 2018/6 2019/6 2020/6 2021/6
【連結ベース】 (Consolidated base)
単位：戸、百万円 (units、millions of yen) Jun-17 Jun-18 Jun-19 Jun-20 Jun-21
マンション契約戸数 Condominium units sold 1,762 1,314 1,018 302 743
計上戸数 Units delivered 2,493 3,020 2,957 2,546 1,602
マンション・戸建 Condominiums & Detached houses 2,488 3,014 2,955 2,543 1,600
宅地 Land lots 5 6 2 3 2
売上高 Sales income 133,739 168,572 185,858 171,854 98,737
マンション・戸建 Condominiums & Detached houses 132,919 166,243 185,156 163,709 96,705
宅地・その他 Land lots & Others 819 2,328 702 8,144 2,032
（３）完工事業部門 (Housing Construction) 2017/6 2018/6 2019/6 2020/6 2021/6
【連結ベース】 (Consolidated base)
単位：戸、百万円 (units、millions of yen) Jun-17 Jun-18 Jun-19 Jun-20 Jun-21
受注棟数 Units contracted 3,156 3,105 2,151 1,605 2,815
新築そっくりさん Remodeling "Shinchiku Sokkurisan" 2,454 2,397 1,713 1,241 2,195
注文住宅 Custom Home 702 708 438 364 620
計上棟数 Units delivered 1,845 1,836 1,822 1,550 1,450
新築そっくりさん Remodeling "Shinchiku Sokkurisan" 1,485 1,506 1,516 1,204 1,140
注文住宅 Custom Home 360 330 306 346 310
売上高 Revenue from housing business 32,983 32,102 32,379 31,475 27,724
新築そっくりさん Remodeling "Shinchiku Sokkurisan" 17,555 17,358 17,692 15,393 14,353
注文住宅 Custom Home 11,322 10,178 10,116 11,914 10,573
その他 Others 4,106 4,566 4,571 4,168 2,798
（４）流通事業部門 (Brokerage) 2017/6 2018/6 2019/6 2020/6 2021/6
【住友不動産販売】 (Sumitomo Real Estate Sales)
単位：件、百万円 (transactions、 millions of yen) Jun-17 Jun-18 Jun-19 Jun-20 Jun-21
仲介件数 Number of transactions 9,559 9,575 9,653 7,937 9,918
取扱高 Total transaction value 308,868 325,776 325,497 273,865 355,434
取扱単価 Average price per transaction 32.3 34.0 33.7 34.5 35.8
仲介収益 Brokerage revenues 15,483 16,930 17,200 14,485 17,345
仲介店舗数（国内） Number of brokerage offices (Japan) 260 268 270 272 270
[財務の状況] （Financial Indices） （参考）
2017/6 2018/6 2019/6 2020/6 2021/6 2021/3
前期末
単位：百万円 (millions of yen) Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 Mar-21
総資産 Total assets 4,942,998 5,131,521 5,110,197 5,366,154 5,641,612 5,673,666
自己資本 Shareholders' equity 1,031,250 1,157,779 1,238,259 1,383,930 1,530,799 1,503,021
連結有利子負債 Ｉnterest-bearing debt 3,402,136 3,454,359 3,320,385 3,461,314 3,570,392 3,561,293
現金・預金 Cash, time and notice deposits 233,252 271,538 251,054 188,552 142,554 188,340
連結純有利子負債 Net interest-bearing debt 3,168,884 3,182,820 3,069,330 3,272,761 3,427,837 3,372,953
3/9
（参考）2021年３月期 (Mar-21) 連結決算 (Consolidated base)
*2020年3月期期首より、会計方針（住友不動産販売の収益認識基準）の変更をしております。2019年3月期は遡及適用後の数値を記載しております。
(Financial results for March 2019 fiscal year have been adjusted retroactively, reflecting the adoption of Accounting Standard for Revenue Recognition in Sumitomo
Real Estate Sales effective from the beginning of March 2020 fiscal year.)
[損益計算書] (Statements of operations) 2017/3 2018/3 2019/3 2020/3 2021/3 2022/3
通期予想
単位：百万円 (millions of yen) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 (F)
売上高 Revenue from operations 925,151 948,402 1,012,198 1,013,512 917,472 920,000
売上総利益 Gross profit 260,967 284,386 301,148 321,680 287,907 300,000
粗利益率 Gross profit margin 28.2% 30.0% 29.8% 31.7% 31.4% 32.6%
広告費 Selling expenses 19,214 20,993 21,250 18,514 9,236 11,000
一般管理費 G & A expenses 53,582 57,755 60,508 68,833 59,426 61,000
販管費 S,G&A expenses 72,796 78,749 81,758 87,348 68,663 72,000
営業利益 Operating income 188,171 205,637 219,389 234,332 219,244 228,000
営業利益率 Operating income margin 20.3% 21.7% 21.7% 23.1% 23.9% 24.8%
受取利息・配当金 Interest & dividend income 6,707 8,484 10,066 11,679 11,835
その他 Others 768 1,073 630 570 2,041
営業外収益 Non-operating income 7,475 9,557 10,697 12,249 13,877
支払利息 Interest expenses 21,588 20,351 20,184 19,186 18,317
その他 Others 6,361 7,972 6,675 6,874 4,854
営業外費用 Non-operating expenses 27,949 28,323 26,859 26,061 23,172
(金融収支) (Net interest receive) (▲14,881) (▲11,867) (▲10,118) (▲7,507) (▲6,482)
経常利益 Ordinary profit 167,697 186,870 203,227 220,520 209,949 221,000
固定資産売却益 Gain on sale of fixed assets 15 37 75 278 536
Gain on sale of
投資有価証券売却益 investments in securities
42 1,009 11 1,417 13,115
その他 Others 66 4,824
特別利益 Extraordinary income 58 1,113 86 6,519 13,652
固定資産売却損 Loss on sale of fixed assets 3 217 3,723 2,130
Loss on impairment of
固定資産減損損失 fixed assets
15,537 10,634 8,575 9,660 3,876
Loss on disposal of
固定資産除却損 fixed assets
1,522 600 1,280 1,566 7,890
Loss on devaluation of
投資有価証券評価損 investments in securities
1,104 7,838 489
Loss on sale of
投資有価証券売却損 investments in securities
47 312
新型コロナウイルス感 Loss related to COVID-19
629
染症による損失
その他 Others 68 40 70 35 44
特別損失 Extraordinary loss 17,131 11,540 14,755 21,231 13,242
税金等調整前当期利益
150,623 176,444 188,558 205,809 210,359
Income before income taxes
法人税等 Income tax and other taxes 43,628 55,918 58,456 64,812 68,970
非支配株主に帰属する当期純利益
3,506 794
Profit attributable to non-controlling interests
親会社株主に帰属する当期純利益
103,488 119,731 130,102 140,997 141,389 150,000
Profit attributable to owners of parent
減価償却費 Depreciation 39,445 41,627 46,312 48,974 57,812 62,000
4/9
[セグメント情報] （Segment Information）
＊2021年3月期期首よりセグメント変更を行い、「販売事業」、「流通事業」、「調整額（記載省略）」に計上していた住友不動産販売の業績は「流通事業」へ
計上しております。2020年3月期は変更後の数値を記載しております。
(From the beginning of March 2021 fiscal year, the business segments for revenue and income from Sumitomo Real Estate Sales have been changed, from
the allocation to "Sales", "Brokerage" and "Adjustments (not presented in the document)", to be consolidated into "Brokerage". Financial results for
March 2020 fiscal year have been adjusted retroactively.)
（１）売上高 2017/3 2018/3 2019/3 2020/3 2021/3 2022/3
Revenue from operations 通期予想
単位：百万円 (millions of yen) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 (F)
賃貸事業 Leasing 337,465 353,880 381,763 395,592 398,237 400,000
販売事業 Sales 314,299 311,192 331,751 324,928 263,394 245,000
完工事業 Housing Construction 203,623 209,355 221,693 218,930 188,707 200,000
流通事業 Brokerage 66,714 69,168 71,867 71,199 65,792 75,000
合計 Total 925,151 948,402 1,012,198 1,013,512 917,472 920,000
（２）営業利益 2017/3 2018/3 2019/3 2020/3 2021/3 2022/3
Operating income 通期予想
単位：百万円 (millions of yen) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 (F)
賃貸事業 Leasing 126,213 139,368 149,932 169,416 155,245 160,000
販売事業 Sales 46,189 46,838 47,115 46,490 53,931 50,000
完工事業 Housing Construction 13,933 16,108 20,407 20,583 15,565 18,000
流通事業 Brokerage 19,147 21,457 20,977 14,592 11,480 16,000
合計 Total 188,171 205,637 219,389 234,332 219,244 228,000
（３）営業利益率 2017/3 2018/3 2019/3 2020/3 2021/3 2022/3
Operating income margin 通期予想
Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 (F)
賃貸事業 Leasing 37.4% 39.4% 39.3% 42.8% 39.0% 40.0%
販売事業 Sales 14.7% 15.1% 14.2% 14.3% 20.5% 20.4%
完工事業 Housing Construction 6.8% 7.7% 9.2% 9.4% 8.2% 9.0%
流通事業 Brokerage 28.7% 31.0% 29.2% 20.5% 17.4% 21.3%
合計 Total 20.3% 21.7% 21.7% 23.1% 23.9% 24.8%
（４）資産 2017/3 2018/3 2019/3 2020/3 2021/3 2022/3
Assets of segment 通期予想
単位：百万円 (millions of yen) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 (F)
賃貸事業 Leasing 3,359,261 3,565,087 3,737,136 3,922,764 4,226,733
販売事業 Sales 890,868 826,574 713,300 673,420 658,010
完工事業 Housing Construction 27,424 27,945 30,057 25,053 23,460
流通事業 Brokerage 18,506 12,199 14,074 170,883 179,631
合計 Total 4,980,039 5,167,198 5,130,118 5,317,623 5,673,666
（５）従業員数 2017/3 2018/3 2019/3 2020/3 2021/3 2022/3
Number of employees 通期予想
Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 (F)
賃貸事業 Leasing 3,466 3,666 3,771 4,059 4,036
販売事業 Sales 1,096 944 894 852 895
完工事業 Housing Construction 3,800 3,920 4,050 4,137 3,993
流通事業 Brokerage 3,106 3,258 3,329 3,633 3,647
合計 Total 12,574 12,934 13,238 13,676 13,530
5/9
[事業の概況]（Review of operations）
（１）賃貸事業部門 (Leasing) 2017/3 2018/3 2019/3 2020/3 2021/3 2022/3
【連 結ベース】 (Consolidated base) 通期予想
単位：千㎡ (1,000㎡) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 (F)
期末延床面積 Gross floor area 4,610 4,843 5,037 5,461 5,575
所有 Outright ownership 3,790 4,026 4,226 4,633 4,773
サブリース事業 Sub-lease business 820 817 811 828 802
東京都区部 Tokyo 23wards 4,370 4,591 4,738 5,169 5,284
その他 Other Area 240 252 299 292 291
オフィス期末空室率* Vacancy rate* 4.5% 4.9% 2.8% 1.4% 2.8%
* 竣工後１年を経過した既存オフィスビルの空室率 (Vacancy rate for existing buildings)
（２）販売事業部門 (Sales) 2017/3 2018/3 2019/3 2020/3 2021/3 2022/3
【連 結ベース】 (Consolidated base) 通期予想
単位：戸、百万円 (units、millions of yen) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 (F)
マンション新規発売戸数 Condominium units supplied 6,722 6,686 6,384 4,969 3,427 3,500
マンション契約戸数 Condominium units sold 6,467 7,355 5,111 4,865 3,047 3,500
マンション完成済み未契約戸数 Condominium units unsold 1,191 1,129 1,044 1,466 1,184
計上戸数 Units delivered 5,716 5,881 5,970 5,431 4,164 3,800
マンション・戸建 Condominiums & Detached houses 5,632 5,865 5,948 5,413 4,149
宅地 Land lots 84 16 22 18 15
売上高 Sales income 314,299 311,192 331,751 324,928 263,394 245,000
マンション・戸建 Condominiums & Detached houses 300,655 301,504 323,297 314,429 252,394
宅地・その他 Land lots & Others 13,643 9,688 8,454 10,498 11,000
（３）完工事業部門 (Housing Construction) 2017/3 2018/3 2019/3 2020/3 2021/3 2022/3
【連 結ベース】 (Consolidated base) 通期予想
単位：棟、百万円 (units、millions of yen) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 (F)
受注棟数 Units contracted 11,531 12,340 13,526 9,666 10,061 10,700
新築そっくりさん Remodeling "Shinchiku Sokkurisan" 8,770 9,350 10,449 7,506 7,534 8,000
注文住宅 Custom Home 2,761 2,990 3,077 2,160 2,527 2,700
計上棟数 Units delivered 11,222 11,686 12,013 11,927 9,940 10,600
新築そっくりさん Remodeling "Shinchiku Sokkurisan" 8,455 8,886 9,132 9,301 7,566 8,000
注文住宅 Custom Home 2,767 2,800 2,881 2,626 2,374 2,600
売上高 Revenue from housing business 203,623 209,355 221,693 218,930 188,707 200,000
新築そっくりさん Remodeling "Shinchiku Sokkurisan" 103,721 108,739 116,195 119,801 98,160 102,000
注文住宅 Custom Home 85,657 88,019 93,458 86,783 80,361 88,000
その他 Others 14,245 12,597 12,040 12,346 10,186 10,000
（４）流通事業部門 (Brokerage) 2017/3 2018/3 2019/3 2020/3 2021/3 2022/3
【住友不動産販売】 (Sumitomo Real Estate Sales) 通期予想
単位：件、百万円 (transactions、 millions of yen) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 (F)
仲介件数 Number of transactions 36,108 37,058 37,643 37,715 35,122 42,000
取扱高 Total transaction value 1,193,044 1,257,507 1,326,357 1,287,508 1,241,023 1,500,000
取扱単価 Average price per transaction 33.0 33.9 35.2 34.1 35.3 35.7
仲介収益 Brokerage revenues 61,216 66,310 68,583 67,063 62,358 73,000
仲介店舗数 （国内） Number of brokerage offices (Japan) 260 266 270 276 269
6/9
[連結キャッシュ・フロー計算書] （Consolidated Statements of Cash Flows）
2017/3 2018/3 2019/3 2020/3 2021/3
単位：百万円 (millions of yen) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21
税金等調整前当期純利益 Income before income taxes 150,623 176,444 188,558 205,809 210,359
減価償却費 Depreciation and amortization 39,445 41,627 46,312 48,974 57,812
貸倒引当金の増加額又は減少額（△） Provision for allowance for 411 △525 △308 △4,848 △21
doubtful accounts -- net
固定資産売却損益（△は益） Loss (Gain) on sale of property △11 179 3,648 1,852 △536
and equipment
固定資産減損損失 Loss on impairment of 15,537 10,634 8,575 9,660 3,876
fixed assets
売上債権の増加額（△）又は減少額 Decrease (Increase) in notes and 1,089 △5,668 2,233 4,636 △1,184
accounts receivable -- trade
たな卸資産の増加額（△）又は減少額 Decrease (Increase) in inventories 5,573 25,915 65,981 46,766 7,303
仕入債務の増加額又は減少額（△） Increase (Decrease) in notes △12,936 △12,535 26,188 △18,542 △12,041
and accounts payable -- trade
前受金の増加額又は減少額（△） Increase (Decrease) 7,816 17,076 △12,072 △415 △4,921
in advances received
法人税等の支払額 Payments for income tax △55,545 △56,252 △69,426 △65,218 △57,029
and other taxes
その他 Other -- net 6,503 △6,963 367 1,783 22,329
営業活動によるキャッシュ・フロー
158,507 189,933 260,057 230,458 225,947
Net cash provided by operating activities
Payments for purchases of
有形固定資産の取得による支出 property and equipment △254,930 △220,016 △188,573 △270,347 △355,431
有形固定資産の売却による収入 Proceeds from sale of property 124 357 6,617 11,307 1,658
and equipment
有価証券／投資有価証券の純増減 Decrease (Increase) in securities △19,391 △26,637 △30,946 △44,019 28,640
敷金及び保証金の純増減 Decrease (Increase) in guarantee 6,640 27,144 3,737 △316 1,205
and lease deposits paid to lessors
預り敷金及び保証金の純増減 Increase (Decrease) in guarantee 11,714 13,994 21,340 18,575 7,714
and lease deposits received
共同投資事業出資預託金の純増減 Receipts (Restitution) of deposits △10,869 △9,124 △9,438 △22,185 △7,650
from partnership investors
その他 Other -- net △7,450 △6,252 △11,948 16,866 △12,820
投資活動によるキャッシュ・フロー
△274,161 △220,534 △209,212 △290,118 △336,682
Net cash used in investing activities
Increase (Decrease) in
短期借入金・ＣＰの純増減 short-term bank loans & CP
△12,610 △2,892 △35,773 121,083 △106
社債の純増減 Increase (Decrease) in － △50,000 △60,000 △40,000 －
bonds and notes
長期借入金の純増減 Increase (Decrease) in 223,463 166,378 △27,451 23,681 128,029
long-term debt
ＳＰＣ借入金・社債の純増減 Increase (Decrease) in 720 △8,648 △7,501 △6,643 △7,538
non-recourse loans and bonds
配当金の支払額 Cash dividends paid △10,428 △12,324 △13,268 △15,162 △18,004
その他 Other -- net △3,147 △66,052 △2,064 △313 △294
財務活動によるキャッシュ・フロー
197,996 26,461 △146,058 82,644 102,086
Net cash provided by (used in) financing activities
現金及び現金同等物の増加額又は減少額
81,954 △4,263 △94,969 22,740 △9,736
Net increase (decrease) in cash and cash equivalents
現金及び現金同等物の期首残高
185,989 267,943 262,045 170,707 193,448
Cash and cash equivalents at beginning of year
現金及び現金同等物の期末残高
267,943 262,045 170,707 193,448 187,281
Cash and cash equivalents at end of year
7/9
[財務の状況] （Financial Indices）
（１）総資産、自己資本 2017/3 2018/3 2019/3 2020/3 2021/3
Total assets & Equity
単位：百万円 (millions of yen) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21
総資産 Total assets 4,980,039 5,167,198 5,130,118 5,317,623 5,673,666
ＲＯＡ*1 Return On Assets*1 4.0% 4.2% 4.5% 4.7% 4.2%
自己資本 Shareholders' equity 1,007,347 1,114,975 1,202,103 1,294,998 1,503,021
自己資本比率 Equity ratio 20.2% 21.6% 23.4% 24.4% 26.5%
ＲＯＥ*2 Return On Equity*2 10.9% 11.3% 11.2% 11.3% 10.1%
*1 （営業利益＋受取利息・配当金）÷総資産（期首期末平均） (Operating income + Interest & Dividend income/Total assets)
*2 当期利益÷自己資本（期首期末平均） （Net income/Shareholders' equity)
（２）連結有利子負債 2017/3 2018/3 2019/3 2020/3 2021/3
Interest-bearing debt
単位：百万円、倍 (millions of yen, times) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21
ＣＰ Commercial Paper - - - 120,000 120,000
短期借入 Short-term loans 66,108 61,416 25,643 26,726 26,620
長期借入 Long-term loans 2,465,019 2,631,397 2,603,945 2,703,627 2,831,656
社債 Bonds; Debentures 420,000 370,000 310,000 270,000 270,000
SPC長期借入金・社債 Non-recourse loans and bonds 419,347 410,699 403,198 320,555 313,017
連結有利子負債 Interest-bearing debt 3,370,474 3,473,512 3,342,786 3,440,908 3,561,293
長期比率 Ratio of long-term debt 98% 98% 99% 96% 96%
固定金利比率 Ratio of fixed-interest debt 95% 94% 96% 95% 94%
現金・預金 Cash, time and notice deposits 269,312 263,209 172,191 195,360 188,340
連結純有利子負債 Net interest-bearing debt 3,101,162 3,210,303 3,170,595 3,245,548 3,372,953
デットエクイティレシオ*3 Net D/E Ratio*3 3.1 2.9 2.6 2.5 2.2
インタレストカバレッジレシオ*4 Interest Coverage Ratio*4 9.0 10.5 11.4 12.8 12.6
純有利子負債／営業利益倍率*5
15.9 15.0 13.8 13.2 14.6
Net Debt/Operating Income Ratio*5
*3 連結純有利子負債÷連結自己資本 (Net Interest-bearing debt/Shareholders' equity)
*4 （営業利益＋受取利息・配当金）÷支払利息 （Operating income + Interest & Dividend income/Interest expenses)
*5 連結純有利子負債÷（営業利益＋受取利息・配当金） （Net Interest-bearing debt/Operating income + Interest & Dividend income）
（３）賃貸セグメント資産総利回り 2017/3 2018/3 2019/3 2020/3 2021/3
Return on leasing assets
単位：百万円 (millions of yen) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21
Operating income of
賃貸営業利益 leasing busｉness
126,213 139,368 149,932 169,416 155,245
減価償却費 Depreciation 36,948 38,981 43,200 45,420 54,332
賃貸キャッシュフロー Cash flows from leasing business 163,161 178,349 193,132 214,836 209,577
賃貸セグメント資産 Assets of leasing segment 3,359,261 3,565,087 3,737,136 3,922,764 4,226,733
預り敷金及び保証金 Guarantee & security deposits ▲ 193,110 ▲ 207,823 ▲ 228,958 ▲ 247,609 ▲ 258,219
received from tenants
賃貸投資残 Net investments of leasing busｉness 3,166,151 3,357,264 3,508,178 3,675,155 3,968,514
賃貸ｾｸﾞﾒﾝﾄ資産総利回り*6 Return on leasing assets*6 5.3% 5.5% 5.6% 6.0% 5.5%
*6 賃貸キャッシュフロー÷賃貸投資残（期首期末平均） （Cash flows from leasing business/Net assets of leasing business)
8/9
2021年３月期 (Mar-21) 単体推移 (Non-consolidated base)
[損益計算書](Statements of operations) 2017/3 2018/3 2019/3 2020/3 2021/3
単位：百万円 (millions of yen) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21
賃貸事業 Leasing 289,987 304,010 335,677 356,138 373,988
販売事業 Sales 305,092 311,127 331,748 324,928 263,394
完成工事事業 Housing Construction 187,949 195,806 208,704 206,057 178,308
その他事業 Others 3,161 3,248 3,023 666 641
売上高 Revenue from operations 786,191 814,192 879,154 887,791 816,333
賃貸事業 Leasing 108,888 121,388 132,864 162,047 154,385
販売事業 Sales 58,246 64,654 65,466 63,732 62,701
完成工事事業 Housing Construction 46,276 50,173 55,989 56,742 50,012
その他事業 Others 3,146 3,233 3,009 649 623
売上総利益 Gross profit 216,558 239,449 257,329 283,172 267,722
賃貸事業 Leasing 37.5% 39.9% 39.6% 45.5% 41.3%
販売事業 Sales 19.1% 20.8% 19.7% 19.6% 23.8%
完成工事事業 Housing Construction 24.6% 25.6% 26.8% 27.5% 28.0%
その他事業 Others 99.5% 99.5% 99.5% 97.4% 97.2%
粗利益率 Gross profit margin 27.5% 29.4% 29.3% 31.9% 32.8%
販売費 Selling expenses 21,064 23,387 23,936 21,627 12,980
一般管理費 G & A expenses 40,278 45,355 47,566 51,088 47,938
販管費 S,G&A expenses 61,343 68,743 71,503 72,716 60,919
営業利益 Operating income 155,214 170,705 185,826 210,455 206,803
受取利息・配当金 Interest & dividend income 9,897 9,873 11,761 22,241 12,867
その他 Others 1,108 1,376 888 1,154 1,986
営業外収益 Non-operating income 11,006 11,250 12,650 23,395 14,854
支払利息 Interest expenses 17,808 17,496 17,597 16,958 16,551
その他 Others 4,680 6,608 7,792 5,984 4,341
営業外費用 Non-operating expenses 22,488 24,105 25,390 22,942 20,893
(金融収支) (Net interest receive) (▲7,911) (▲7,623) (▲5,836) (5,283) (▲3,684)
経常利益 Ordinary profit 143,732 157,851 173,087 210,908 200,764
固定資産売却益 Gain on sales of fixed assets 37 75 277 202
Gain on sale of
投資有価証券売却益 investments in securities
42 1,009 11 1,417 13,115
その他 Others 618
特別利益 Extraordinary income 42 1,047 86 2,313 13,318
固定資産売却損 Loss on sale of fixed assets 0 216 0 2,130
固定資産減損損失 Loss on impairment of fixed assets 15,537 216 3,577
固定資産除却損 Loss on disposal of fixed assets 1,316 632 1,054 1,287 7,360
Loss on devaluation of
投資有価証券評価損 investments in securities 1,078 7,838 489
Loss on sale of
投資有価証券売却損 investments in securities 47 312
その他 Others 94 33 28 34 427
特別損失 Extraordinary loss 16,949 1,146 2,162 11,290 12,166
税引前当期利益 Income before income taxes 126,826 157,752 171,011 201,931 201,915
法人税等 Income tax and other taxes 35,736 47,566 50,553 55,232 61,573
当期利益 Profit 91,089 110,186 120,458 146,699 140,342
減価償却費 Depreciation 30,037 32,302 35,282 38,253 47,133
9/9
四半期営業情報 （別紙）
Quarterly Information （Appendix）
既存ビル マンション契約戸数 注文住宅受注棟数 そっくりさん受注棟数
期末空室率 Condominium Custom Home Remodeling
Vacancy Units Sold Units Contracted "Shinchiku Sokkurisan"
Rate Units Contracted
(Office) 前年同期比 前年同期比 前年同期比
YoY YoY YoY
2016/3 1st 4.8% 1,438 6.4% 666 36.5% 2,393 44.2%
Mar-16 2nd 4.8% 1,401 19.2% 743 23.8% 2,152 6.4%
3rd 4.7% 1,248 5.4% 669 22.1% 2,036 11.3%
4th 4.7% 1,437 -3.8% 804 -1.8% 1,873 4.1%
Year-end 4.7% 5,524 6.1% 2,882 17.4% 8,454 15.6%
2017/3 1st 4.6% 1,533 6.6% 614 -7.8% 2,472 3.3%
Mar-17 2nd 4.4% 1,708 21.9% 736 -0.9% 2,089 -2.9%
3rd 4.4% 1,552 24.4% 570 -14.8% 2,180 7.1%
4th 4.5% 1,674 16.5% 841 4.6% 2,029 8.3%
Year-end 4.5% 6,467 17.1% 2,761 -4.2% 8,770 3.7%
2018/3 1st 4.7% 1,762 14.9% 702 14.3% 2,454 -0.7%
Mar-18 2nd 4.6% 2,463 44.2% 791 7.5% 2,379 13.9%
3rd 4.4% 1,546 -0.4% 632 10.9% 2,237 2.6%
4th 4.9% 1,584 -5.4% 865 2.9% 2,280 12.4%
Year-end 4.9% 7,355 13.7% 2,990 8.3% 9,350 6.6%
2019/3 1st 4.7% 1,314 -25.4% 708 0.9% 2,397 -2.3%
Mar-19 2nd 4.3% 1,347 -45.3% 889 12.4% 2,544 6.9%
3rd 4.2% 1,103 -28.7% 666 5.4% 2,570 14.9%
4th 2.8% 1,347 -15.0% 814 -5.9% 2,938 28.9%
Year-end 2.8% 5,111 -30.5% 3,077 2.9% 10,449 11.8%
2020/3 1st 2.3% 1,018 -22.5% 438 -38.1% 1,713 -28.5%
Mar-20 2nd 1.7% 1,390 3.2% 677 -23.8% 2,017 -20.7%
3rd 1.6% 1,353 22.7% 385 -42.2% 2,056 -20.0%
4th 1.4% 1,104 -18.0% 660 -18.9% 1,720 -41.5%
Year-end 1.4% 4,865 -4.8% 2,160 -29.8% 7,506 -28.2%
2021/3 1st 1.5% 302 -70.3% 364 -16.9% 1,241 -27.6%
Mar-21 2nd 1.8% 1,006 -27.6% 812 19.9% 2,191 8.6%
3rd 2.3% 772 -42.9% 448 16.4% 2,160 5.1%
4th 2.8% 967 -12.4% 903 36.8% 1,942 12.9%
Year-end 2.8% 3,047 -37.4% 2,527 17.0% 7,534 0.4%
2022/3 1st 3.5% 743 146.0% 620 70.3% 2,195 76.9%
住友不動産株式会社
Sumitomo Realty Development Co., Ltd.