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Arealink April 28 , 2021 Arealink Co. , LTD . TSE 2nd section Code 8914 FY2021 10 Business Performance Summary FY12 / 21 1Q Business Results Despite reduced revenue and earnings profitability improved , resulting in better performance than projected FY12 / 20 1Q FY12 / 21 1Q Actual Percent of Sales Actual Percent of Sales YOY In Millions of yen Net sales 6,523 5,321 -18.4 % Cost of sales 4,731 72.5 % 3,779 71.0 % -20.1 % Gross profit 1,791 27.5 % 1,542 29.0 % -13.9 % SG & A expenses 996 15.3 % 761 14.3 % -23.6 % Operating income 795 12.2 % 781 14.7 % -1.8 % Ordinary income 783 12.0 % 773 14.5 % -1.2 % Net income 535 8.2 % 724 13.6 % + 35.2 % FY12 / 21 1Q net sales of ¥ 5,321 million ( down 18.4 % from 1Q last year ) , operating income of ¥ 781 million ( down 1.8 % ) , and ordinary income of ¥ 773 million ( down 1.2 % ) were a drop for revenue and earnings but the result was a better performance than projected . The operating profit margin improved significantly by 2.5 ppt . By recording a profit of ¥ 193 million from the transfer of the parking business , quarterly net income was ¥ 724 million ( up 35.2 % from 1Q last year ) resulting in increased earnings . Overview of FY12 / 21 1Q by Segment Self - storage management saw significant increase in earnings while limited land rights saw reduced revenue and earnings which was as projected FY12 / 20 1Q In Millions of yen Actual Percent of Sales Actual FY12 / 21 1Q Percent of Sales YoY Self - storage Management Self - storage Brokerage Self - storage Business Land Rights Consolidation Business ( Limited Land Rights ) Other Operational Services Business Net sales Gross profit Business profit Net sales Gross profit 3,383 3,654 720 21.3 % 1,138 31.2 % + 8.0 % + 58.1 % 445 13.2 % 848 23.2 % + 90.5 % 427 482 + 12.9 % 49 11.7 % 55 11.5 % + 11.0 % Business profit ( 39 ) ( 20 ) -49.0 % Net sales 3,811 4,136 + 8.5 % Gross profit 770 20.2 % 1,194 28.9 % + 55.0 % Business profit 405 10.6 % 828 20.0 % + 104.1 % Net sales 2,255 834 -63.0 % Gross profit 843 37.4 % 232 27.8 % -72.5 % Business profit 597 26.5 % 133 16.0 % -77.7 % Net sales 456 350 -23.2 % Gross profit 177 39.0 % 115 33.1 % -34.8 % Business profit 135 29.7 % 98 28.0 % -27.6 % Net sales Management Division Gross profit Business profit ( 343 ) ( 278 ) -18.9 % Net sales 6,523 5,321 -18.4 % Total for All Businesses Gross profit 1,791 27.5 % 1,542 29.0 % -13.9 % Operating income 795 12.2 % 781 14.7 % - 1.8 %