Sekisui House (1928) investor relations material

Executive summary

• Q1 FY2026 saw record highs in net sales and profit attributable to owners of parent, with both sales and profit increasing year-over-year despite a challenging U.S. homebuilding environment; domestic businesses, especially Supplied Housing and Development, drove growth.

• Net sales rose 1.7% year-over-year to ¥908.8 billion, operating profit up 26.2% to ¥76.1 billion, and profit attributable to owners of parent up 75.2% to ¥58,479 million.

• The Japanese housing market softened due to higher construction costs and mortgage rates, while the U.S. market saw cautious demand amid economic uncertainty.

• The Group launched its Seventh Mid-Term Management Plan, focusing on strengthening domestic and overseas growth platforms.

Financial highlights

• Net sales rose 1.7% year-over-year to ¥908.8 billion; gross profit increased 11.2% to ¥199.8 billion, with gross margin up 1.9pt to 22.0%.

• Operating profit surged 26.2% to ¥76.1 billion; ordinary profit jumped 54.9% to ¥72.4 billion.

• EPS climbed from ¥51.49 to ¥90.21, a 75.2% increase year-over-year.

• Comprehensive income reached ¥67,510 million, reversing a loss in the prior year.

• Total assets decreased to ¥4,958,306 million from ¥5,006,637 million at the previous fiscal year-end.

Outlook and guidance

• FY2026 full-year plan remains unchanged despite global uncertainties; net sales projected at ¥4,353.0 billion (+3.7%), operating profit at ¥350.0 billion (+2.5%), and EPS at ¥336.30.

• Annual dividend per share planned to increase for the 15th consecutive year to ¥145.00.

• No change to previously announced forecasts due to ongoing uncertainties, including material price increases and geopolitical risks.