Notice of Revision to Earnings Forecast and Dividend Forecast for the Fiscal Year Ending March 2027

Key Points of the Revision

Daiwa House Industry Co., Ltd. revised upward its consolidated earnings forecast for the fiscal year ending March 2027. Net sales are expected to be 6,150,000 million yen, operating income 500,000 million yen, ordinary income 438,000 million yen, and net income attributable to owners of parent 287,000 million yen. All indicators have been increased compared with the previous forecast. The Non-GAAP ROE target remains at 10% or higher, and the shareholder return policy maintains a dividend payout ratio of 35% or higher and adoption of a progressive dividend policy.

Outlook for Dividends and Capital Policy

In line with the basic shareholder return policy, the dividend forecast for the period has been revised to 90 yen per year on a post-split basis (180 yen on a pre-split basis). Actual dividends will be determined considering interim performance, aiming to maintain stable dividends and maximize corporate value over the medium to long term. Although uncertainties such as overseas conditions remain, the company aims to enhance shareholder value through growth investments and improvement of ROE.