Open House Group (3288) Q3 2025 earnings summary

Executive summary

• Achieved record-high operating profit and net income in 3Q FY2025, driven by improved margins in single-family homes and robust demand across segments.

• Net sales for the nine months ended June 30, 2025, rose 5.0% year-over-year to ¥939,725 million, with operating profit up 26.6% to ¥102,247 million and net profit attributable to owners up 3.0% to ¥70,608 million.

• Comprehensive income decreased 6.6% year-over-year to ¥75,530 million.

• Shareholder returns enhanced with increased dividends and share buybacks.

• Segment reorganization eliminated the "Meldia" segment, consolidating it into existing categories.

Financial highlights

• 3Q FY2025 net sales: ¥939.7B (up 5.0% YoY); operating profit: ¥102.2B (up 26.6% YoY); net income: ¥70.6B (up 3.0% YoY).

• Gross profit increased to ¥173,018 million from ¥146,133 million year-over-year.

• Basic earnings per share rose to ¥610.44 from ¥574.65 year-over-year.

• Equity ratio at 37.2%, net D/E ratio at 0.7x, indicating strong financial health.

• Total assets grew to ¥1,382,490 million, up ¥100,399 million year-over-year.

Outlook and guidance

• FY2025 net sales forecast: ¥1.31T (+1.1% YoY); operating profit: ¥143B (+20.1% YoY); net income: ¥100B (+7.6% YoY); EPS ¥860.35.

• Annual dividend per share raised to ¥178; share buybacks planned at ¥25B.

• Three-year cumulative net profit target revised upward to ¥300B.

• No revisions to previously announced forecasts.