Tama Home (1419) Q2 2025 earnings summary

Executive summary

• H1 net sales fell 16.9% YoY to ¥93,739 million; operating and attributable results shifted to losses, mainly reflecting fewer home deliveries.

• Orders were mixed: custom-home orders declined, while detached-home and renovation orders grew; a new condominium project was fully contracted.

Financial highlights

• Gross profit was ¥23,002 million versus ¥26,523 million, while gross margin rose to 24.5% from 23.5%.

• Operating loss was ¥2,279 million versus profit of ¥3,007 million; ordinary loss was ¥2,352 million versus profit of ¥3,186 million.

• Loss attributable to owners of parent was ¥1,876 million versus profit of ¥1,903 million; basic EPS was negative ¥64.72 versus ¥65.67.

• SG&A increased to ¥25,281 million from ¥23,515 million, exceeding H1 gross profit.

Outlook and guidance

• FY2025 forecast was revised to net sales of ¥207,000 million, operating profit of ¥4,000 million and ordinary profit of ¥3,900 million, down from prior forecasts of ¥235,000 million, ¥13,700 million and ¥13,800 million.

• Attributable profit forecast was cut to ¥1,400 million from ¥9,200 million; forecast basic EPS is ¥48.30.

• H1 net sales were 45.3% of the revised full-year forecast.