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Sekisui House, Feb-Oct (Cumulative 3Q) Ordinary Profit Decreases by 6%, Aug-Oct Ordinary Profit Decreases by 3%
1928 Sekisui House,Ltd. 【J-GAAP】
Earnings ReportSekisui House,Ltd. <1928> [TSE Prime] announced its financial results at noon (12:00) on December 4th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending January 2026 (February to October) decreased 6.0% from the same period last year to 199 billion yen. Progress toward the full-year plan of 321 billion yen was 62.3%, also falling below the five-year average of 72.7%.
Based on the cumulative third-quarter 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 expand 36.2% from the same period last year, reaching 121 billion yen.
In the most recent three-month period, from August to October (3Q), the consolidated ordinary profit decreased to 63.3 billion yen, a 3.4% decrease compared to the same period last year. The operating profit margin worsened from 7.5% in the same period last year to 6.0%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| 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 | 70.5 | Dec 5, 2024 | J-GAAP |
| Feb - Oct, 2025 | 2,935,711 | 210,889 | 199,909 | 147,065 | 226.9 | 62.3 | Dec 4, 2025 | J-GAAP |
| YoY | +2.5% | -9.3% | -6.0% | -10.8% | -10.8% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Aug - Jan, 2024 | 2,199,456 | 174,225 | 154,451 | 94,722 | 146.2 | 71 | Mar 6, 2025 | J-GAAP |
| Aug - Jan, 2025 Guidance | 2,315,592 | 184,527 | 184,400 | 130,397 | 201.2 | 72 | Sep 4, 2025 | J-GAAP |
| YoY | +5.3% | +5.9% | +19.4% | +37.7% | +37.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan, 2024 | 3,107,242 | 270,956 | 268,248 | 202,325 | 309.3 | 123 | Mar 7, 2024 | J-GAAP |
| Jan, 2025 | 4,058,583 | 331,366 | 301,627 | 217,705 | 336.0 | 135 | Mar 6, 2025 | J-GAAP |
| Jan, 2026 Guidance | 4,331,000 | 340,000 | 321,000 | 232,000 | 357.9 | 144 | Sep 4, 2025 | J-GAAP |
| YoY | +6.7% | +2.6% | +6.4% | +6.6% | +6.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Aug - Oct, 2024 | 1,003,889 | 75,484 | 65,531 | 41,844 | 64.6 | 7.5 | Dec 5, 2024 | J-GAAP |
| Nov - Jan, 2024 | 1,195,567 | 98,741 | 88,920 | 52,878 | 81.6 | 8.3 | Mar 6, 2025 | J-GAAP |
| Feb - Apr, 2025 | 894,044 | 60,287 | 46,811 | 33,373 | 51.5 | 6.7 | Jun 5, 2025 | J-GAAP |
| May - Jul, 2025 | 1,121,364 | 95,186 | 89,789 | 68,230 | 105.3 | 8.5 | Sep 4, 2025 | J-GAAP |
| Aug - Oct, 2025 | 920,303 | 55,416 | 63,309 | 45,462 | 70.1 | 6.0 | Dec 4, 2025 | J-GAAP |
| YoY | -8.3% | -26.6% | -3.4% | +8.6% | +8.6% |
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