Financial Summary for the Fiscal Year Ending January 2026 [Japanese GAAP] (Consolidated)

Overview of Performance

For the fiscal year ending January 2026, consolidated performance included net sales of 4,197.922 billion yen (3.4% year-over-year increase), operating income of 341.402 billion yen (3.0% year-over-year increase), ordinary income of 327.8 billion yen (8.7% year-over-year increase), and net income attributable to owners of parent of 232.095 billion yen (6.6% year-over-year increase). By business segment, the detached housing business was flat in sales but operating income increased by 4.3%. The rental and commercial building business grew net sales by 3.6% and operating income by 7.4%. Although the construction and civil engineering business saw a 7.0% decline in net sales, operating income increased by 44.9%. The stock-type businesses, rental housing management and renovation, both achieved revenue and profit growth, and development businesses such as brokerage and real estate, condominium, and urban redevelopment posted substantial increases in net sales and operating income. The international business recorded a slight increase in sales but operating income decreased by 50.5%.

Outlook and Capital Policy

For the fiscal year ending January 2027, consolidated earnings forecasts include net sales of 4.353 trillion yen (3.7% year-over-year increase), operating income of 350 billion yen (2.5% year-over-year increase), ordinary income of 314 billion yen (4.2% year-over-year decrease), and net income attributable to owners of parent of 218 billion yen (6.1% year-over-year decrease). An annual dividend of 145 yen is planned, continuing the policy of maintaining a payout ratio of over 40%. Additionally, a cancellation of 11,700,000 shares (1.76% of total shares outstanding) is scheduled on April 24, 2026 to enhance shareholder value. The 7th Mid-Term Management Plan aims for stable domestic growth and proactive overseas expansion, targeting an ROE in the high 12% range.