HASEKO (1808) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 6.7% year-over-year to ¥893.1 billion, driven by strong construction progress and real estate deliveries.

• Ordinary profit increased 4.7% year-over-year to ¥61.1 billion, and operating profit rose 11.1% to ¥63.8 billion.

• Profit attributable to owners of parent surged 108.3% year-over-year to ¥38.3 billion, mainly due to the absence of prior year extraordinary losses.

• Comprehensive income increased 133.9% year-over-year to ¥40.6 billion.

• Orders received (non-consolidated) grew 13.0% year-over-year to ¥490.1 billion, mainly from private-sector condominium projects.

Financial highlights

• Gross profit improved 9.8% year-over-year to ¥128.3 billion, with gross profit ratio for completed construction contracts rising from 12.6% to 14.0%.

• Basic earnings per share rose to ¥142.09 from ¥67.28 year-over-year.

• Real estate sales net sales rose 11.6% to ¥334.9 billion, and gross profit from real estate sales increased 6.4% to ¥40.8 billion.

• Total assets as of December 31, 2025, were ¥1,314.6 billion, down ¥50.6 billion from March 31, 2025.

• Net assets stood at ¥529.2 billion, down ¥2.9 billion, mainly due to treasury share purchases.

Outlook and guidance

• Net sales progress reached 72.0% of the annual forecast of ¥1,240.0 billion.

• Full-year forecast for FY ending March 31, 2026: net sales ¥1,240 billion (+5.3%), operating profit ¥97 billion (+14.5%), profit attributable to owners of parent ¥58 billion (+68.4%), and basic EPS ¥219.15.

• Orders received are tracking at 70.0% of the full-year target.

• For-sale condominium business plans to supply approximately 1,900 units in FY2025.

• No change in previously announced forecasts.