Open House Group (3288) investor relations material

Executive summary

• Achieved record-high 1Q net sales of ¥329.8 billion, up 4.3% year-over-year, and operating profit of ¥40.2 billion, up 17.3% year-over-year.

• Profit attributable to owners of parent rose 19.6% year-over-year to ¥27.4 billion.

• Performance driven by improved gross profit margins and strong demand in property resale and condominium segments.

• Upward revision of both interim and annual earnings and dividend forecasts for FY2026.

Financial highlights

• 1Q net sales: ¥329.8 billion (+4.3% YoY); operating profit: ¥40.2 billion (+17.3% YoY); profit attributable to owners: ¥27.4 billion (+19.6% YoY).

• Gross profit increased to ¥64.75 billion from ¥57.03 billion year-over-year.

• Basic earnings per share rose to ¥243.81 from ¥196.73 year-over-year.

• Equity ratio at 38.7%; net D/E ratio at 0.7x.

• Annual dividend per share forecast raised to ¥200 (+¥22 YoY); share buyback of approx. ¥25 billion planned.

Outlook and guidance

• FY2026 annual net sales forecast revised upward to ¥1,485.0 billion (+11.1% YoY).

• Operating profit forecast raised to ¥174.5 billion (+19.6% YoY); profit attributable to owners to ¥115.5 billion (+14.7% YoY).

• Interim and annual dividend forecasts both increased; total shareholder return ratio target set at 40% or more.