Sekisui House, Ltd.

In its interim results for the fiscal year ending January 2027, announced on September 10, Sekisui House revealed that its rental housing management business posted the largest segment operating profit at 41.745 billion yen, generating more than 20 percent of consolidated operating profit and establishing itself as a core business. Interim consolidated results showed revenue of 1.965644 trillion yen, down 2.5 percent year on year, while operating profit rose 16.0 percent to 180.37 billion yen, ordinary profit climbed 23.8 percent to 169.081 billion yen, and interim net profit increased 23.1 percent to 125.053 billion yen, securing double-digit profit growth. The bulk of the 24.8 billion yen increase in profit came from a 22.2 billion yen gain in the urban redevelopment business, where the sale of six properties, including assets sold to Sekisui House REIT Investment Corporation, drove segment operating profit up 437.7 percent year on year to 27.352 billion yen. Meanwhile, the rental housing management business saw revenue rise just 2.9 percent to 368.016 billion yen, but its operating profit margin improved from 10.3 percent to 11.3 percent, exceeding the detached housing business's operating profit of 23.99 billion yen by 1.7 times. The international business, following the acquisition of M.D.C. Holdings in the United States, fell sharply, with revenue down 20.8 percent to 486.353 billion yen and operating profit down 93.2 percent to 1.036 billion yen, which the company attributed to customers taking a wait-and-see approach amid uncertainty over the U.S. economic outlook and the impact of incentives. For the full year, the company lowered its revenue forecast to 4.26 trillion yen from 4.353 trillion yen, while raising its ordinary profit forecast to 316 billion yen from 314 billion yen and its net profit forecast to 224 billion yen from 218 billion yen, and it plans an annual dividend of 145 yen, comprising an interim dividend of 72 yen and a year-end dividend of 73 yen.