Open House : Notice Regarding Receipt Regarding Dividends from Consolidated Subsidiaries
August 19, 2022 at 03:44 am EDT
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[Translation for Reference Purpose Only]
August 19, 2022
To All Concerned Parties
Company Name:
Open House Group Co., Ltd.
Representative:
Masaaki Arai, President and CEO
Securities code:
3288, TSE
Contact:
Kotaro Wakatabi, Senior Managing Director and CFO
Notice Regarding the Receipt of Dividends from Consolidated Subsidiaries
Open House Group Co., Ltd. (the "Company") hereby announces that the receipt of dividends from its consolidated subsidiaries will have an impact on its non-consolidated financial results, as detailed below.
1. Details of Dividends
The Company's consolidated subsidiaries resolved to distribute dividends from surplus on August 19, 2022.
(1) Name of Consolidated Subsidiary and Dividend Amount:
Open House Development Co., Ltd.
35.0 billion yen
HAWK ONE CORPORATION
6.0 billion yen
Open House Real Estate Co., Ltd.
3.0 billion yen
――――――――――――――――――――――――――――――
Total
44.0 billion yen
Effective date September 29, 2022
2. Impact on Financial Results
As a result of the receipt of these dividends, the Company expects to record operating revenue of 44 billion yen in its non-consolidated financial results for FY2022. There will be no impact on its consolidated financial results for FY 2022, as the dividends are from its consolidated subsidiaries.
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Open House Co. Ltd. published this content on 19 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2022 07:43:15 UTC.
Open House Group Co Ltd, formerly Open House Co Ltd, is a Japan-based company primarily engaged in the real estate related business. The Company operates through five business segments. The Detached House-Related Business segment engages in brokerage (Open House), detached house sales (Open House Development), detached house subdivision (Hawk One), and construction contracting (Open House Architect). The Condominium Business segment develops and sells new condominiums. The Income-Producing Real Estate Business segment acquires, manages, and sells income-producing real estate in Japan. The Others segment is engaged in the U.S. real estate business, including sales, consulting, property management, and financial services related to U.S. real estate. The Pleasant Corporation segment plans, develops and sells mainly studio and family condominiums.