HASEKO (1808) Q1 2026 earnings summary

Executive summary

• Net sales for FY2025 1Q rose 0.4% year-over-year to ¥285.9 billion, with operating profit up 54.2% and ordinary profit up 23.7%, driven by improved gross profit ratios and profitable real estate transactions.

• Profit attributable to owners of parent rose 16.5% year-over-year to ¥12.6 billion.

• Comprehensive income declined 46.0% year-over-year to ¥8.2 billion, mainly due to negative foreign currency translation adjustments.

• Orders received (non-consolidated) increased 7.5% year-over-year to ¥128.3 billion, progressing in line with annual forecasts.

• Segment reclassification was implemented from this quarter, and Wood Friends Co., Ltd. and its subsidiaries were newly consolidated.

Financial highlights

• Gross profit increased 27.3% year-over-year to ¥41.7 billion, with operating profit up 54.2% to ¥20.5 billion.

• Ordinary profit was ¥19.2 billion, up 23.7% year-over-year.

• Basic EPS for the quarter was ¥46.34, compared to ¥39.73 in the prior year.

• Net assets declined to ¥526.6 billion, mainly due to foreign currency translation adjustments.

• Net sales of completed construction contracts increased 10.1% year-over-year; real estate sales declined 10.7%.

Outlook and guidance

• FY2025 annual net sales forecast is ¥1,230.0 billion, with 1Q progress at 23.2%.

• Full-year operating profit projected at ¥92.0 billion (+8.6% year-over-year).

• Orders received are on track with the annual target of ¥620.0 billion.

• Dividend forecast for FY2026 is ¥90.00 per share, up from ¥85.00 in FY2025.