Sekisui House turns positive in afternoon trading as development business drives 26% operating profit increase for Feb-Apr
Shares of Sekisui House,Ltd. <1928> turned positive in afternoon trading on Thursday. Around noon, Sekisui House announced its consolidated financial results for the first quarter of the fiscal year ending January 2027. Net sales rose 1.7% year-on-year to 908.88 billion yen, operating income jumped 26.2% to 76.1 billion yen, and net income surged 75.2% to 58.48 billion yen, triggering buying momentum on the strong profit growth. The development business primarily drove the strong performance. Sekisui House achieved top- and bottom-line growth across all business segments, supported by robust condominium sales fueled by concentrated development in strategic areas and brand reinforcement. Additionally, foreign exchange gains from a weaker yen and higher gains on the sale of investment securities further boosted profits.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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