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Rework Research Memo (11): Promoting sustainable home building
■Lib Work <1431>'s growth strategy 3. Sustainability management Regarding sustainability management, the company declared the SDGs in March 2021, and announced a policy to contribute to a rich life and happiness through sustainable housing construction, and to consider the earth's environment. Subsequently, in September 2022, the company declared its carbon neutrality by reducing the CO2 emissions from its own business activities to virtually zero by 2030, as well as participating in the TCFD (Task Force on Climate-related Financial Disclosures).
Ribwork Research Memo (10): Shareholder returns target dividends payout ratio of 25% to 30%, implementation of quarterly dividends.
■Lib Work <1431>'s growth strategy 2. Shareholder return policy The company emphasizes a balance between growth and return in its dividend policy, aiming for a dividend payout ratio of 25% to 30% as a guideline for determining the annual dividend amount. Also, with the desire for investors to hold long-term, the company has been implementing quarterly dividends since the fiscal year ending June 2019. Based on this basic policy, the dividend for the fiscal year ending June 2024 will be the same as that for the fiscal year ending June 2023, at 6.4 yen (1.6 yen at the end of the first quarter, 1.6 yen at the end of the second quarter, 1.6 yen at the end of the third quarter).
Ribwork Research Memo (9): Formulation of the mid-term management plan "NEXTSTAGE2026"
■Lib Work<1431>'s growth strategy 1. Medium-term management plan 'NEXTSTAGE2026' The company formulated the medium-term management plan 'NEXTSTAGE2026' (fiscal year ending June 2024 to June 2026) in August 2023, with the target values for the final year ending June 2026 as revenue from residence business 28.5 billion yen, operating profit 3 billion yen, ROE 30%, annual growth rate of web visitors 30%, YouTube channel subscribers 0.2 million people, in platform business.
Ribwork Research Memo (7): Maintaining Financial Health
■Lib Work<1431>'s performance trend 2. Financial situation Looking at the financial aspect, the total assets at the end of the fiscal year ending June 2024 increased by 2,886 million yen compared to the previous year-end to 11,741 million yen. While work-in-process real estate decreased by 928 million yen, cash and deposits increased by 2,453 million yen, sales real estate increased by 629 million yen, buildings and structures increased by 205 million yen, and goodwill increased by 168 million yen. Total liabilities increased by the same 1,630 million yen to 7,170 million yen.
Rework Research Memo (6): The June 2024 period ended with a significant increase in revenue, reaching a record high for the fourth consecutive period.
■ Performance Trends of Lib Work <1431>1. Performance Overview for the June 2024 term The consolidated performance for the June 2024 term showed a revenue of 15,435 million yen, an 8.8% increase compared to the previous period, operating profit increased by 65.7% to 495 million yen, ordinary income increased by 90.5% to 598 million yen, and net income attributable to parent company shareholders increased by 123.3% to 387 million yen. The plan (initial plan announced on August 10, 2023, with revenue of 17,000 million yen, operating profit of 590 million yen, ordinary inco
Ribwork Research Memo (4): Unique customer acquisition methods by digital marketing are distinctive strengths.
■Business Overview of Lib Work<1431> 2. Features and Strengths One of the features and strengths of the company is that it provides high-quality detached residences, actively leveraging collaborations with popular brands from other industries to expand its customer base and sales channels. In addition, it utilizes digital marketing as a core competence, attracting visitors to model houses through unique customer acquisition methods, enhancing synergies with exhibition halls, and leading to an increase in order intake.
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