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Sekisui House, February-October (Third Quarter Cumulative) Ordinary Profit Increases by 14%, August-October Ordinary Profit Increases by 7%

Thu Dec 5, 2024 12:00 pm JST Earnings

1928 Sekisui House,Ltd. 【J-GAAP】

Earnings Report

Sekisui House,Ltd. <1928> [TSE Prime] announced its financial results at noon (12:00) on December 5th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending January 2025 (February to October) increased 14.0% from the same period last year, reaching 212 billion yen. However, The progress rate against the 288 billion yen full-year plan was 73.9%, almost the same as the five-year average of 73.6%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the November to January period (4Q) is expected to decrease 7.7% from the same period last year to 75.2 billion yen.

In the most recent three-month period, from August to October (3Q), the consolidated ordinary profit grew 6.7% from the same period last year, reaching 65.5 billion yen. However, the operating profit margin worsened from 8.5% in the same period last year to 7.5%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Feb - Oct, 2022 2,130,078 202,499 202,628 149,815 224.1 78.8 Dec 8, 2022 J-GAAP
Feb - Oct, 2023 2,189,508 186,688 186,659 141,889 216.3 69.6 Dec 7, 2023 J-GAAP
Feb - Oct, 2024 2,863,016 232,625 212,707 164,827 254.4 73.9 Dec 5, 2024 J-GAAP
YoY +30.8% +24.6% +14.0% +16.2% +17.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 1,644,799 146,038 143,009 109,831 167.9 64 Mar 7, 2024 J-GAAP
Aug - Jan, 2024 Guidance 2,140,873 162,859 140,824 86,017 132.7 65 Sep 5, 2024 J-GAAP
YoY +30.2% +11.5% -1.5% -21.7% -20.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 2,928,835 261,489 257,272 184,520 276.6 110 Mar 9, 2023 J-GAAP
Jan, 2024 3,107,242 270,956 268,248 202,325 309.3 123 Mar 7, 2024 J-GAAP
Jan, 2025 Guidance 4,000,000 320,000 288,000 209,000 322.5 129 Sep 5, 2024 J-GAAP
YoY +28.7% +18.1% +7.4% +3.3% +4.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 727,065 61,770 61,420 49,395 75.3 8.5 Dec 7, 2023 J-GAAP
Nov - Jan, 2023 917,734 84,268 81,589 60,436 92.4 9.2 Mar 7, 2024 J-GAAP
Feb - Apr, 2024 777,052 71,714 70,995 50,427 77.8 9.2 Jun 6, 2024 J-GAAP
May - Jul, 2024 1,082,075 85,427 76,181 72,556 112.0 7.9 Sep 5, 2024 J-GAAP
Aug - Oct, 2024 1,003,889 75,484 65,531 41,844 64.6 7.5 Dec 5, 2024 J-GAAP
YoY +38.1% +22.2% +6.7% -15.3% -14.2%

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