8830 住友不 2019-05-16 15:00:00
2019年3月期 FACT SHEETS [pdf]

    2019年3月期 (March 31, 2019)
      FACT SHEETS

Ⅰ.       2019年3月期決算 (連結)                           Page 2-6
       March 31, 2019 (Consolidated)


Ⅱ.       2019年3月期決算 (単体)                           Page 7
       March 31, 2019 (Non-consolidated)


(別紙) 2019年3月期四半期営業情報
       (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/
2019年3月期 (Mar-19)  連結決算 (Consolidated base)

[損益計算書] (Statements of operations)                        2015/3       2016/3        2017/3       2018/3     2019/3       2020/3
                                                                                                                          通期予想
単位:百万円                               (millions of yen)    Mar-15       Mar-16        Mar-17       Mar-18     Mar-19      Mar-20 (F)
売上高                         Revenue from operations         806,835     854,964       925,151      948,402   1,013,229    1,020,000
売上総利益                                      Gross profit     226,870     240,773       260,967      284,386    302,177       318,000
 粗利益率                              Gross profit margin        28.1%       28.2%         28.2%        30.0%       29.8%        31.2%
 広告費                                  Selling expenses       15,040      17,912        19,214       20,993      21,250       21,000
 一般管理費                                 G & A expenses        45,935      48,620        53,582       57,755      60,508       63,000
販管費                                   S,G&A expenses         60,976      66,532        72,796       78,749     81,758        84,000
営業利益                                 Operating income       165,894     174,240       188,171      205,637    220,419       234,000
 営業利益率                       Operating income margin          20.6%       20.4%         20.3%        21.7%       21.8%        22.9%
 受取利息・配当金                   Interest & dividend income        5,260          5,574      6,707        8,484      10,066
 その他                                            Others         642            739        768         1,073        630
営業外収益                          Non-operating income           5,902       6,313         7,475        9,557     10,697        11,000
 支払利息                                Interest expenses       26,246      24,489        21,588       20,351      20,184
 その他                                            Others        6,495          7,640      6,361        7,972       6,675
営業外費用                        Non-operating expenses          32,742      32,129        27,949       28,323     26,859        25,000
(金融収支)                          (Net interest receive)    (▲20,986) (▲18,915) (▲14,881) (▲11,867) (▲10,118)
経常利益                                    Ordinary profit     139,055     148,424       167,697      186,870    204,257       220,000
 固定資産売却益                   Gain on sale of fixed assets            3          114          15           37          75
                                      Gain on sale of
 投資有価証券売却益                   investments in securities
                                                                              428          42        1,009          11

 その他                                            Others                          3                       66
特別利益                             Extraordinary income              3          546          58        1,113         86
 固定資産売却損                  Loss on sale of fixed assets             3                          3       217        3,723
                                Loss on impairment of
 固定資産減損損失                                 fixed assets
                                                              3,810      10,806        15,537       10,634       8,575

                                   Loss on disposal of
 固定資産除却損                                 fixed assets
                                                              3,105          1,145      1,522         600        1,280

                                Loss on devaluation of
 投資有価証券評価損                   investments in securities
                                                                 30           465                                1,104

                                      Loss on sale of
 投資有価証券売却損                   investments in securities
                                                                                                        47

 その他                                            Others        1,443           999          68           40          70
特別損失                                Extraordinary loss        8,392      13,416        17,131       11,540     14,755
税金等調整前当期利益
                                                            130,666     135,553       150,623      176,444    189,588
                         Income before income taxes
法人税等                      Income tax and other taxes         47,445      44,729        43,628       55,918     58,771
非支配株主に帰属する当期純利益
                                                              2,654       3,026         3,506         794
      Profit attributable to non-controlling interests
親会社株主に帰属する当期純利益
                                                             80,566      87,797       103,488      119,731    130,817       140,000
              Profit attributable to owners of parent

減価償却費                                     Depreciation       33,519      34,574        39,445       41,627     46,312        48,000




                                                                       2/7
[セグメント情報] (Segment Information)


(1)売上高                                  2015/3      2016/3      2017/3      2018/3      2019/3       2020/3
       Revenue from operations                                                                       通期予想
単位:百万円          (millions of yen)       Mar-15      Mar-16      Mar-17      Mar-18      Mar-19      Mar-20 (F)
  賃貸事業                        Leasing    289,117     313,340     337,465     353,880     381,763       390,000
  販売事業                          Sales    264,207     274,760     314,299     311,192     331,751       320,000
  完工事業           Housing Construction    188,994     199,115     203,623     209,355     221,693       230,000
  流通事業                     Brokerage      58,486      61,496      66,714      69,168      72,898        73,000

  合計                           Total     806,835     854,964     925,151     948,402    1,013,229    1,020,000



(2)営業利益                                 2015/3      2016/3      2017/3      2018/3      2019/3       2020/3
                  Operating income                                                                   通期予想
単位:百万円             (millions of yen)    Mar-15      Mar-16      Mar-17      Mar-18      Mar-19      Mar-20 (F)
  賃貸事業                        Leasing    104,441     111,327     126,213     139,368     149,932       163,000
  販売事業                          Sales      43,781      44,187      46,189      46,838      47,115       47,000
  完工事業           Housing Construction      12,962      15,300      13,933      16,108      20,407       22,000
  流通事業                     Brokerage       16,462      17,722      19,147      21,457      22,007       22,000

  合計                           Total     165,894     174,240     188,171     205,637     220,419       234,000



(3)営業利益率                                2015/3      2016/3      2017/3      2018/3      2019/3       2020/3
        Operating income margin                                                                      通期予想
                                        Mar-15      Mar-16      Mar-17      Mar-18      Mar-19      Mar-20 (F)
  賃貸事業                        Leasing       36.1%       35.5%       37.4%       39.4%       39.3%        41.8%
  販売事業                          Sales       16.6%       16.1%       14.7%       15.1%       14.2%        14.7%
  完工事業           Housing Construction        6.9%        7.7%        6.8%        7.7%        9.2%          9.6%
  流通事業                     Brokerage        28.1%       28.8%       28.7%       31.0%       30.2%        30.1%

  合計                           Total        20.6%       20.4%       20.3%       21.7%       21.8%        22.9%



(4)資産                                   2015/3      2016/3      2017/3      2018/3      2019/3       2020/3
                 Assets of segment                                                                   通期予想
単位:百万円              (millions of yen)   Mar-15      Mar-16      Mar-17      Mar-18      Mar-19      Mar-20 (F)
  賃貸事業                        Leasing   3,123,992   3,194,739   3,359,261   3,565,087   3,737,136
  販売事業                          Sales    844,622     888,578     890,868     826,574     713,300
  完工事業           Housing Construction      16,326      18,166      27,424      27,945      30,057
  流通事業                     Brokerage       18,404      19,135      18,506      12,199      14,074

  合計                           Total    4,523,804   4,675,914   4,980,039   5,167,198   5,127,464



(5)従業員数                                 2015/3      2016/3      2017/3      2018/3      2019/3       2020/3
              Number of employees                                                                    通期予想
                                        Mar-15      Mar-16      Mar-17      Mar-18      Mar-19      Mar-20 (F)
  賃貸事業                        Leasing       3,111       3,312       3,466       3,666       3,771
  販売事業                          Sales       1,019       1,065       1,096        944         894
  完工事業           Housing Construction       3,563       3,609       3,800       3,920       4,050
  流通事業                     Brokerage        3,034       3,037       3,106       3,258       3,329

  合計                           Total      11,855      12,116      12,574      12,934      13,238




                                                    3/7
[事業の概況]


(1)賃貸事業部門 (Leasing)                                               2015/3      2016/3      2017/3      2018/3      2019/3       2020/3
【連 結ベース】 (Consolidated base)                                                                                                   通期予想
単位:千㎡                                             (1,000㎡)        Mar-15      Mar-16      Mar-17      Mar-18      Mar-19      Mar-20 (F)
期末延床面積                                    Gross floor area            4,104       4,395       4,610       4,843       5,037
   所有                                   Outright ownership            3,189       3,493       3,790       4,026       4,226
   サブリース事業                             Sub-lease business              914         902         820         817         811
   東京都区部                                    Tokyo 23wards             3,859       4,155       4,370       4,591       4,738
   その他                                           Other Area            245         240         240         252         299

オフィス期末空室率*                                   Vacancy rate *            4.9%        4.7%        4.5%        4.9%        2.8%
* 竣工後1年を経過したオフィスビルの空室率 (Vacancy rate for existing buildings)



(2)販売事業部門 (Sales)                                                 2015/3      2016/3      2017/3      2018/3      2019/3       2020/3
【連 結ベース】 (Consolidated base)                                                                                                   通期予想
単位:戸、百万円                         (units、millions of yen)          Mar-15      Mar-16      Mar-17      Mar-18      Mar-19      Mar-20 (F)
マンション新規発売戸数                  Condominium units supplied               6,305       5,073       6,722       6,686       6,384        5,000
マンション契約戸数                        Condominium units sold               5,204       5,524       6,467       7,355       5,111        5,000
マンション完成済み未契約戸数 Condominium units unsold                                929        1,324       1,191       1,129       1,044

計上戸数                                        Units delivered           5,351       4,996       5,716       5,881       5,970        5,300
   マンション・戸建                   Condominiums & Detached houses          5,260       4,898       5,632       5,865       5,948
   宅地                                              Land lots             91          98          84          16          22
売上高                                           Sales income         264,207     274,760     314,299     311,192     331,751       320,000
   マンション・戸建                   Condominiums & Detached houses       247,586     263,014     300,655     301,504     323,297
   宅地・その他                               Land lots & Others           16,620      11,746      13,643       9,688       8,454



(3)完工事業部門 (Housing Construction)                                  2015/3      2016/3      2017/3      2018/3      2019/3       2020/3
【連 結ベース】 (Consolidated base)                                                                                                   通期予想
単位:棟、百万円                         (units、millions of yen)          Mar-15      Mar-16      Mar-17      Mar-18      Mar-19      Mar-20 (F)
受注棟数                                      Units contracted            9,765     11,336      11,531      12,340      13,526        14,100
   新築そっくりさん                   Remodeling "Shinchiku Sokkurisan"       7,310       8,454       8,770       9,350      10,449       11,000
   注文住宅                                        Custom Home            2,455       2,882       2,761       2,990       3,077        3,100

計上棟数                                        Units delivered         10,001      10,729      11,222      11,686      12,013        12,600
   新築そっくりさん                   Remodeling "Shinchiku Sokkurisan"       7,775       8,150       8,455       8,886       9,132        9,700
   注文住宅                                        Custom Home            2,226       2,579       2,767       2,800       2,881        2,900
売上高                       Revenue from housing business            188,994     199,115     203,623     209,355     221,693       230,000
   新築そっくりさん                   Remodeling "Shinchiku Sokkurisan"    104,128     105,296     103,721     108,739     116,195       123,000
   注文住宅                                        Custom Home           68,126      77,926      85,657      88,019      93,458       94,000
   その他                                                 Others        16,740      15,893      14,245      12,597      12,040       13,000



(4)流通事業部門 (Brokerage)                                             2015/3      2016/3      2017/3      2018/3      2019/3       2020/3
【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-15      Mar-16      Mar-17      Mar-18      Mar-19      Mar-20 (F)
仲介件数                              Number of transactions            33,968      35,987      36,108      37,058      37,643        38,000
取扱高                               Total transaction value         1,065,681   1,065,654   1,193,044   1,257,507   1,326,357    1,350,000
取扱単価                       Average price per transaction               31.3        29.6        33.0        33.9        35.2         35.5
仲介収益                                  Brokerage revenues            54,311      56,303      61,216      66,310      69,615        71,000


仲介店舗数 (国内)           Number of brokerage offices (Japan)               255         257         260         266         270




                                                                      4/7
[連結キャッシュ・フロー計算書] (Consolidated Statements of Cash Flows)

                                                                         2015/3      2016/3     2017/3       2018/3     2019/3


単位:百万円                                              (millions of yen)    Mar-15      Mar-16     Mar-17       Mar-18     Mar-19

 税金等調整前当期純利益                             Income before income taxes        130,666    135,553    150,623      176,444    189,588

 減価償却費                                 Depreciation and amortization        33,519     34,574     39,445       41,627     46,312

 貸倒引当金の増加額又は減少額(△)                         Provision for allowance for      △582      △2,095        411        △525       △308
                                           doubtful accounts -- net

 固定資産売却損益(△は益)                        Loss (Gain) on sale of property         △0       △114        △11           179       3,648
                                                      and equipment

 固定資産減損損失                                      Loss on impairment of         3,810     10,806     15,537       10,634      8,575
                                                         fixed assets

 売上債権の増加額(△)又は減少額                   Decrease (Increase) in notes and       △8,740       7,441      1,089      △5,668       2,233
                                       accounts receivable -- trade

 たな卸資産の増加額(△)又は減少額                 Decrease (Increase) in inventories     △88,915    △51,301       5,573       25,915     65,981

 仕入債務の増加額又は減少額(△)                       Increase (Decrease) in notes        21,445   △12,363    △12,936      △12,535      26,190
                                      and accounts payable -- trade

 前受金の増加額又は減少額(△)                                 Increase (Decrease)       △3,506      10,981      7,816       17,076   △13,104
                                                in advances received

 法人税等の支払額                                     Payments for income tax     △47,326    △46,985    △55,545      △56,252    △69,426
                                                      and other taxes

 その他                                                     Other -- net      △5,301       9,610      6,503      △6,963        367
営業活動によるキャッシュ・フロー
                 Net cash provided by (used in) operating activities
                                                                           35,067      96,107    158,507      189,933    260,057

                                          Payments for purchases of
 有形固定資産の取得による支出                              property and equipment △149,517         △91,296 △254,930 △220,016 △188,573

 有形固定資産の売却による収入                       Proceeds from sale of property          141        403        124          357       6,617
                                                     and equipment

 有価証券/投資有価証券の純増減                    Decrease (Increase) in securities      △8,010    △16,279    △19,391      △26,637    △30,946

 敷金及び保証金の純増減                        Decrease (Increase) in guarantee         4,602      3,284      6,640       27,144      3,737
                                   and lease deposits paid to lessors

 預り敷金及び保証金の純増減                      Increase (Decrease) in guarantee         6,780     13,646     11,714       13,994     21,340
                                         and lease deposits received

 共同投資事業出資預託金の純増減                   Receipts (Restitution) of deposits     △72,882    △24,114    △10,869       △9,124     △9,438
                                          from partnership investors

 その他                                                     Other -- net      △2,031       8,971    △7,450       △6,252    △11,948
投資活動によるキャッシュ・フロー
                                                                         △220,917 △105,384 △274,161 △220,534 △209,212
                               Net cash used in investing activities
                                              Increase (Decrease) in
 短期借入金・CPの純増減                            short-term bank loans & CP
                                                                          △57,900     △8,282    △12,610       △2,892    △35,773

 社債の純増減                                        Increase (Decrease) in       30,000   △20,000             -   △50,000    △60,000
                                                     bonds and notes

 長期借入金の純増減                                     Increase (Decrease) in      305,715    185,337    223,463      166,378   △27,451
                                                      long-term debt
 SPC借入金・社債の純増減                               Increase (Decrease) in       △50,988    △25,182        720       △8,648     △7,501
                                      non-recourse loans and bonds

 配当金の支払額                                         Cash dividends paid       △9,480    △10,429    △10,428      △12,324    △13,268

 その他                                                     Other -- net     △29,532    △76,463     △3,147      △66,052     △2,064
財務活動によるキャッシュ・フロー
                                                                          187,814      44,980    197,996       26,461 △146,058
                 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
                                                                             4,041     35,830     81,954      △4,263    △94,969
              Net increase (decrease) in cash and cash equivalents

現金及び現金同等物の期首残高
                                                                          146,223     150,264    185,989      267,943    262,045
                    Cash and cash equivalents at beginning of year

現金及び現金同等物の期末残高
                                                                          150,264     185,989    267,943      262,045    170,707
                          Cash and cash equivalents at end of year


                                                                5/7
[財務の状況] (Financial Indices)

(1)総資産、自己資本                                                         2015/3       2016/3       2017/3       2018/3       2019/3
                                        Total assets & Equity
単位:百万円                                        (millions of yen)     Mar-15       Mar-16       Mar-17       Mar-18       Mar-19
総資産                                                 Total assets    4,523,804    4,675,914    4,980,039    5,167,198    5,127,464
 ROA*1                                      Return On Assets *1           3.9%         3.9%         4.0%         4.2%         4.5%

自己資本                                        Shareholders' equity      832,462      888,099    1,007,347    1,114,975    1,208,116
 自己資本比率                                              Equity ratio       18.4%        19.0%        20.2%        21.6%        23.6%
 ROE*2                                       Return On Equity *2        10.5%        10.2%        10.9%        11.3%        11.3%
 *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                                                          2015/3       2016/3       2017/3       2018/3       2019/3
                                         Interest-bearing debt
単位:百万円、倍                                (millions of yen, times)    Mar-15       Mar-16       Mar-17       Mar-18       Mar-19
 CP                                           Commercial Paper               -            -            -            -            -
 短期借入                                          Short-term loans        87,000       78,718       66,108       61,416       25,643
 長期借入                                           Long-term loans     1,996,218    2,241,556    2,465,019    2,631,397    2,603,945
 社債                                          Bonds; Debentures        440,000      420,000      420,000      370,000      310,000
 劣後ローン                                         Subordinated loan       60,000             -            -            -            -
 SPC長期借入金・社債                     Non-recourse loans and bonds         443,809      418,627      419,347      410,699      403,198
連結有利子負債                                    Interest-bearing debt    3,027,027    3,158,901    3,370,474    3,473,512    3,342,786
 長期比率                                    Ratio of long-term debt          97%          98%          98%          98%          99%
 固定金利比率                              Ratio of fixed-interest debt         87%          94%          95%          94%          96%
 現金・預金                            Cash, time and notice deposits      151,367      187,233      269,312      263,209      172,191

連結純有利子負債                               Net interest-bearing debt    2,875,660    2,971,668    3,101,162    3,210,303    3,170,595
 デットエクイティレシオ*3                                  Net D/E Ratio *3           3.5          3.3          3.1          2.9          2.6
 インタレストカバレッジレシオ*4                     Interest Coverage Ratio *4           6.5          7.3          9.0         10.5         11.4
 純有利子負債/営業利益倍率*5
                             Net Debt/Operating Income Ratio *5
                                                                          16.8         16.5         15.9         15.0         13.8

 *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                                                    2015/3       2016/3       2017/3       2018/3       2019/3
                                     Return on leasing assets
単位:百万円                                        (millions of yen)     Mar-15       Mar-16       Mar-17       Mar-18       Mar-19
                                            Operating income of
 賃貸営業利益                                         leasing business
                                                                      104,441      111,327      126,213      139,368      149,932
 減価償却費                                              Depreciation       31,047       32,098       36,948       38,981       43,200

賃貸キャッシュフロー                      Cash flows from leasing business      135,488      143,425      163,161      178,349      193,132

 賃貸セグメント資産                            Assets of leasing segment      3,123,992    3,194,739    3,359,261    3,565,087    3,737,136

 預り敷金及び保証金                        Guarantee & security deposits     ▲ 168,273    ▲ 181,497    ▲ 193,110    ▲ 207,823    ▲ 228,958
                                          received from tenants

賃貸投資残                        Net investments of leasing business    2,955,719    3,013,242    3,166,151    3,357,264    3,508,178

賃貸セグメント資産総利回り*6                      Return on leasing assets *6         4.7%         4.8%         5.3%         5.5%         5.6%
 *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)




                                                                    6/7
2019年3月期 (Mar-19) 単体推移 (Non-consolidated base)

[損益計算書](Statements of operations)                              2015/3        2016/3        2017/3        2018/3        2019/3


単位:百万円                                   (millions of yen)     Mar-15        Mar-16        Mar-17        Mar-18        Mar-19
 賃貸事業                                               Leasing      250,927      270,440       289,987       304,010       335,677
 販売事業                                                 Sales      255,650      266,469       305,092       311,127       331,748
 完成工事事業                               Housing Construction       171,957      183,002       187,949       195,806       208,704
 その他事業                                               Others        3,007        3,172         3,161         3,248         3,023
売上高                              Revenue from operations         681,543      723,085       786,191       814,192       879,154
 賃貸事業                                               Leasing       85,445       91,313       108,888       121,388       132,864
 販売事業                                                 Sales       55,378       56,566        58,246        64,654        65,466
 完成工事事業                               Housing Construction        40,786       44,761        46,276        50,173        55,989
 その他事業                                               Others        2,988        3,153         3,146         3,233         3,009
売上総利益                                          Gross profit      184,598      195,794       216,558       239,449       257,329
 賃貸事業                                               Leasing        34.1%        33.8%         37.5%         39.9%         39.6%
 販売事業                                                 Sales        21.7%        21.2%         19.1%         20.8%         19.7%
 完成工事事業                               Housing Construction         23.7%        24.5%         24.6%         25.6%         26.8%
 その他事業                                               Others        99.4%        99.4%         99.5%         99.5%         99.5%
粗利益率                                    Gross profit margin        27.1%        27.1%         27.5%         29.4%         29.3%
 販売費                                       Selling expenses       17,390       19,198        21,064        23,387        23,936
 一般管理費                                     G & A expenses         33,579       36,628        40,278        45,355        47,566
販管費                                       S,G&A expenses          50,970       55,827        61,343        68,743        71,503
営業利益                                     Operating income        133,628      139,967       155,214       170,705       185,826
 受取利息・配当金                        Interest & dividend income        8,161        8,506         9,897         9,873        11,761
 その他                                                 Others         590         1,101         1,108         1,376           888
営業外収益                               Non-operating income           8,752        9,607        11,006        11,250        12,650
 支払利息                                     Interest expenses       19,359       19,104        17,808        17,496        17,597
 その他                                                 Others        5,636        6,813         4,680         6,608         7,792
営業外費用                             Non-operating expenses          24,996       25,917        22,488        24,105        25,390
(金融収支)                               (Net interest receive)    (▲11,198) (▲10,598)         (▲7,911)      (▲7,623)      (▲5,836)
経常利益                                        Ordinary profit      117,384      123,657       143,732       157,851       173,087
 固定資産売却益                       Gain on sales of fixed assets            0             88                          37            75
                                           Gain on sale of
 投資有価証券売却益                        investments in securities                       350               42      1,009               11

 その他                                                 Others                            3
特別利益                                 Extraordinary income               0        441            42          1,047           86
 固定資産売却損                       Loss on sale of fixed assets                                          0        216                0
 固定資産減損損失                Loss on impairment of fixed assets        3,810       10,806        15,537           216
 固定資産除却損                    Loss on disposal of fixed assets       2,997        1,054         1,316           632         1,054
                                     Loss on devaluation of
 投資有価証券評価損                        investments in securities             30        465                                     1,078

                                           Loss on sale of
 投資有価証券売却損                        investments in securities                                                       47

 その他                                                 Others         845           171               94            33            28
特別損失                                     Extraordinary loss        7,683       12,497        16,949         1,146         2,162
税引前当期利益                       Income before income taxes         109,701      111,601       126,826       157,752       171,011
法人税等                           Income tax and other taxes         38,053       35,773        35,736        47,566        50,553
当期利益                                                  Profit      71,647       75,827        91,089       110,186       120,458

減価償却費                                         Depreciation        23,218       24,839        30,037        32,302        35,282



                                                            7/7
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         Condominiums         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
2013/3       1st          7.7%      1,023     14.9%         511     17.5%         1,964      -2.3%
Mar-13       2nd          7.7%      1,394     43.4%         641     10.5%         1,809       1.9%
             3rd          7.5%      1,096     11.8%         601     42.4%         1,845      12.8%
             4th          7.1%      1,638     37.4%         636     19.8%         2,033      12.6%
         Year-end         7.1%      5,151     27.7%       2,389     21.4%         7,651       5.9%
2014/3       1st          6.8%      1,422     39.0%         593     16.0%         2,369      20.6%
Mar-14       2nd          6.6%      1,683     20.7%         793     23.7%         2,691      48.8%
             3rd          6.3%      1,086     -0.9%         432    -28.1%         1,289     -30.1%
             4th          5.9%      1,443    -11.9%         612     -3.8%         1,274     -37.3%
         Year-end         5.9%      5,634      9.4%       2,430      1.7%         7,623      -0.4%
2015/3       1st          5.7%      1,351     -5.0%         488    -17.7%         1,659     -30.0%
Mar-15       2nd          5.4%      1,175    -30.2%         600    -24.3%         2,023     -24.8%
             3rd          5.2%      1,184      9.0%         548     26.9%         1,829      41.9%
             4th          4.9%      1,494      3.5%         819     33.8%         1,799      41.2%
         Year-end         4.9%      5,204     -7.6%       2,455      1.0%         7,310      -4.1%
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%

                                                                             住友不動産株式会社
                                                             Sumitomo Realty Development Co., Ltd.