)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Daiwa House Industry
Daiwa House Industry (1925) investor relations material
Daiwa House Industry Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2027 earnings summary11 Nov, 2026
Executive summary
H1 FY2027 net sales rose 10.7% YoY to ¥2,912.7bn; Non-GAAP operating income rose 15.1% to ¥264.0bn and Non-GAAP net income rose 11.7% to ¥163.5bn.
Reported operating income rose 13.3% to ¥250.9bn and net income attributable to owners rose 9.0% to ¥150.1bn; Logistics, Business & Corporate Facilities led segment profit growth.
Logistics, Business & Corporate Facilities growth was supported by Semlinks, development-property sales and improved gross margins from pricing and cost-reduction actions.
Financial highlights
Gross profit rose 11.6% to ¥602.1bn; gross margin was 20.7%, up 0.2pt, while SG&A increased 10.4% to ¥351.1bn.
Non-GAAP operating margin increased to 9.1% from 8.7%; Non-GAAP net margin was 5.6%, unchanged YoY.
Reported ordinary income was ¥227.4bn, up 10.8%; comprehensive income was ¥187.8bn versus ¥89.8bn, including ¥35.3bn of other comprehensive income.
Operating cash flow was negative ¥69.3bn, improving from negative ¥79.2bn; investing cash outflow was ¥246.1bn and financing cash inflow was ¥458.0bn.
Outlook and guidance
FY2027 guidance: sales ¥6,150bn, reported operating income ¥500bn, ordinary income ¥438bn and parent net income ¥287bn; Non-GAAP forecasts are ¥525bn, ¥467bn and ¥311bn, respectively.
Guidance was revised based on Q2 results; increases from August guidance were ¥250bn for sales, ¥40bn for Non-GAAP operating income and ¥21bn for Non-GAAP net income.
Overseas sales guidance was cut ¥70bn to ¥1,026bn amid market conditions; domestic facilities performance and additional development-property sales supported the overall increase.
Non-GAAP ROE target is at least 10%; progressive dividend policy targets a payout ratio of at least 35% of annual Non-GAAP parent net income.
Year-end dividend guidance is ¥47 per post-split share; annual dividend is ¥90 per post-split share, or ¥180 pre-split.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Daiwa House Industry
- Record sales; adjusted operating income rose, while FY2025 guidance forecasts lower earnings.1925
Q4 2024 - Record-high Q1 sales and profits led to higher full-year sales and dividend forecasts.1925Q1 2027
- Record profits driven by land sales, but next year forecasts a sharp earnings decline.1925Q4 2026
- Record sales and operating income, but net income declined; outlook and dividend unchanged.1925Q3 2026
- Profits fell but forecasts and dividends rose, with a major acquisition announced.1925Q2 2026
- Record sales and higher dividend forecast, but net and comprehensive income fell sharply.1925Q1 2026
- Record Q1 profits, raised guidance, and a ¥100B share buyback to enhance capital efficiency.1925Q1 2025
- Record sales and operating income growth drove upward revisions to forecasts and dividends.1925Q2 2025
- Record profits driven by U.S. housing and logistics; higher dividends planned.1925Q4 2025
Next Daiwa House Industry earnings date
Q3 20279 Feb, 2027
Daiwa House Industry
Next Daiwa House Industry earnings date
Q3 20279 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Daiwa House Industry Co., Ltd. is a Japanese construction and real estate development company. The company is involved in the design, construction, and sale of residential, commercial, and industrial properties. Its services include building single-family homes, rental apartments, logistics facilities, retail spaces, and office buildings. The company is headquartered in Osaka, Japan, and its shares are listed on the Tokyo Stock Exchange (TSE).