2019 年 3 月期 (March 31, 2019) F A C T S H E E T S 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. Phone ( ご照会先 ) -REFERENCE- 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 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 投資有価証券売却益 Gain on sale of 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 固定資産減損損失固定資産除却損投資有価証券評価損投資有価証券売却損 Loss on impairment of fixed assets Loss on disposal of fixed assets Loss on devaluation of Loss on sale of 3,810 10,806 15,537 10,634 8,575 3,105 1,145 1,522 600 1,280 30 465 1,104 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 Income before income taxes 130,666 135,553 150,623 176,444 189,588 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 Profit attributable to non-controlling interests 2,654 3,026 3,506 794 親会社株主に帰属する当期純利益 Profit attributable to owners of parent 80,566 87,797 103,488 119,731 130,817 140,000 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 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 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 Operating income margin 2015/3 2016/3 2017/3 2018/3 2019/3 2020/3 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 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 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) 単位 : 千m2 (1,000m2) 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) 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) 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) 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 ( ) 固定資産売却損益 ( は益) 固定資産減損損失売上債権の増加額 ( ) 又は減少額 Provision for allowance for doubtful accounts -- net Loss (Gain) on sale of property and equipment Loss on impairment of fixed assets Decrease (Increase) in notes and accounts receivable -- trade 582 2,095 411 525 308 0 114 11 179 3,648 3,810 10,806 15,537 10,634 8,575 8,740 7,441 1,089 5,668 2,233 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 ( ) 前受金の増加額又は減少額 ( ) 法人税等の支払額 Increase (Decrease) in notes and accounts payable -- trade Increase (Decrease) in advances received Payments for income tax and other taxes 21,445 12,363 12,936 12,535 26,190 3,506 10,981 7,816 17,076 13,104 47,326 46,985 55,545 56,252 69,426 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 35,067 96,107 158,507 189,933 260,057 Net cash provided by (used in) operating activities 有形固定資産の取得による支出 有形固定資産の売却による収入 Payments for purchases of property and equipment Proceeds from sale of property and equipment 149,517 91,296 254,930 220,016 188,573 141 403 124 357 6,617 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 預り敷金及び保証金の純増減 共同投資事業出資預託金の純増減 Decrease (Increase) in guarantee and lease deposits paid to lessors Increase (Decrease) in guarantee and lease deposits received Receipts (Restitution) of deposits from partnership investors 4,602 3,284 6,640 27,144 3,737 6,780 13,646 11,714 13,994 21,340 72,882 24,114 10,869 9,124 9,438 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 Net cash used in investing activities 220,917 105,384 274,161 220,534 209,212 短期借入金 CP の純増減 社債の純増減 Increase (Decrease) in short-term bank loans & CP Increase (Decrease) in bonds and notes 57,900 8,282 12,610 2,892 35,773 30,000 20,000-50,000 60,000 長期借入金の純増減 Increase (Decrease) in long-term debt SPC 借入金 社債の純増減 Increase (Decrease) in non-recourse loans and bonds 305,715 185,337 223,463 166,378 27,451 50,988 25,182 720 8,648 7,501 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 Net cash provided by (used in) financing activities 187,814 44,980 197,996 26,461 146,058 現金及び現金同等物の増加額又は減少額 Net increase (decrease) in cash and cash equivalents 4,041 35,830 81,954 4,263 94,969 現金及び現金同等物の期首残高 Cash and cash equivalents at beginning of year 146,223 150,264 185,989 267,943 262,045 現金及び現金同等物の期末残高 Cash and cash equivalents at end of year 150,264 185,989 267,943 262,045 170,707 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 received from tenants 168,273 181,497 193,110 207,823 228,958 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 賃貸セク 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 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 投資有価証券評価損 投資有価証券売却損 Loss on devaluation of Loss on sale of 30 465 1,078 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 Quarterly Information ( 別紙 ) (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 Vacancy Rate Condominiums Units Sold Custom Home Units Contracted Remodeling "Shinchiku Sokkurisan" 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.