Komori
Presentation materials for financial results1808HASEKO CorporationConstruction and Materials

Earnings Presentation Materials for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, revenue and profit increased, driven by higher construction revenue, higher real estate revenue and improved construction profit margins. For the fiscal year ending March 2027, the company expects further revenue and profit growth and an increase in dividends, while advancing capital policies including investment in overseas operations and share repurchases.

Worth reading
74In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
958
¥100 million (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 202616 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales12,731 Hundreds of millions of yen+8.1%
Operating profit987 Hundreds of millions of yen+16.6%
Ordinary income941 Hundreds of millions of yen+12.8%
Net income¥548 100 million +59.2%net income attributable to owners of the parent
Operating profit margin7.8 %
Selling, general and administrative expenses911 Hundreds of millions of yen
Gross Profit Marginnot disclosed (construction gross profit margin: 14.1%, up 1.6 percentage points year on year)
Full-year earnings forecast
Net Sales
13,800 Hundreds of millions of yen
Operating profit
1,100 Hundreds of millions of yen
Ordinary income
1,050 Hundreds of millions of yen
Net income
¥660 100 million net income attributable to owners of the parent
Orders received
¥7,300 100 million standalone
Annual Dividend
¥100 per share
ROE
11.3 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Above the initial assumptions
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Higher construction volume and improved profit margins136 Hundreds of millions of yen
  • Higher number of real estate and condominium units delivered71 Hundreds of millions of yen
  • Higher personnel expenses due to increases in general and administrative expenses, employee compensation and headcount-93 Hundreds of millions of yen
  • Financial Income and Expenses-29 Hundreds of millions of yen
  • Lower dividends from unconsolidated subsidiaries-5 Hundreds of millions of yen
  • Other21 Hundreds of millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Quantitative assumptions were not disclosed. The presentation states at the outset that the outlook is based on information currently available and certain assumptions deemed reasonable.
New initiatives
  • Commencement of operations at a precast concrete plant
  • Acquisition of a 30% interest in a US company engaged in the development and construction of rental multifamily housing
  • Opening of the Haseko Digital Technology Lab, a future condominium experience space
  • Introduction of an open-entry and awards program for business ideas aimed at creating new businesses
Key KPIsA metric the company considers important as a management benchmark.
  • Standalone orders received7,267 Hundreds of millions of yen+23.9%
  • ROE10 %
    yoy_change+3.4 percentage points
  • EPS¥204.54 per share+62.1%
  • Condominium units under management448,076 units+2.1%
  • Rental apartment units under management128,558 units+0.8%
  • Employee housing units under management68,320 units+3.5%
  • Real estate turnover (condominium business)0.64 turns
    yoy_changeUp from 0.41
  • Share of construction in the Tokyo metropolitan area performed by the company35.8 %
    yoy_changeUp from 30.2% in the previous year
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Orders per privately developed condominium98.6 Hundreds of millions of yen
  • Condominium units sold2,062 units
  • Existing condominium renovation projects delivered1,008 Engagements
  • Condominium contract progress rate90.1 % of the number of units scheduled to generate revenue in the fiscal year ended March 2026
Segment results
Net Sales
Construction-Related Business
9,009 Hundreds of millions of yen+7.0%
Real Estate Business
2,932 Hundreds of millions of yen+16.0%
Management and Operations Business
1,654 Hundreds of millions of yen+8.8%
Overseas Business
43 Hundreds of millions of yen+24.5%
Operating profit, equity-method investment gains and losses, etc.
Construction-Related Business
685 Hundreds of millions of yen+21.6%
Real Estate Business
356 Hundreds of millions of yen+9.2%
Management and Operations Business
82 Hundreds of millions of yen+26.6%
Overseas Business
-80 Hundreds of millions of yen
Medium-term management plan targets
  • TargetConsolidated ordinary profit of ¥100 billion
    Target fiscal yearWithin the medium-term management plan period
    Comparison with actual resultsActual ordinary profit for the fiscal year ended March 2026 was ¥94.1 billion
  • TargetMaintain ROE above 10%, reaching approximately 13% by the fiscal year ending March 2031
    Target fiscal yearFiscal year ending March 2031
    Comparison with actual resultsActual ROE for the fiscal year ended March 2026 was 10.0%
Financial targets
ROE
TargetApproximately 13% by the fiscal year ending March 2031
Actual results10.0% (fiscal year ended March 2026)
Debt-to-equity ratioHistorical actual results presented; target not disclosed
Equity ratioHistorical actual results presented; target not disclosed
Market Size / Share
Condominium supply in the Tokyo metropolitan area
21,659 units
Share of construction performed by the company
35.8 %
First-month condominium sales rate in the Tokyo metropolitan area
62.9 % overall
Orders received and order backlog
Orders received
¥7,267 100 million standalone, fiscal year ended March 2026
Carried-forward construction work
¥7,884 100 million standalone, as of 31 March 2026
Number of employees
8,875 people total for major consolidated companies
Capital expenditures
¥211 100 million cash outflows for the acquisition of property, plant and equipment and intangible assets
Annual Dividend
Fiscal year ending March 2026
¥95 per share
Interim45
End of period50
Forecast for the fiscal year ending March 2027
¥100 per share
Interim50
End of period50
Payout ratio
Fiscal year ending March 202646.4
Forecast for the fiscal year ending March 202740.1
Total payout ratio83.3% (fiscal year ended March 2026)
Acquisition of treasury shares
200 Hundreds of millions of yen
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending March 2026
Net Sales12,731 Hundreds of millions of yen (YoY +8.1%)
Operating profit987 Hundreds of millions of yen (YoY +16.6%)
Ordinary income941 Hundreds of millions of yen (YoY +12.8%)
Net income¥548 100 million (net income attributable to owners of the parent) (YoY +59.2%)
Gross Profit Marginnot disclosed (construction gross profit margin: 14.1%, up 1.6 percentage points year on year)
Operating profit margin7.8 %
Selling, general and administrative expenses911 Hundreds of millions of yen
Full-year earnings forecastNet Sales 13,800 Hundreds of millions of yen / Operating profit 1,100 Hundreds of millions of yen / Ordinary income 1,050 Hundreds of millions of yen / Net income ¥660 100 million (net income attributable to owners of the parent) / Orders received ¥7,300 100 million (standalone) / Annual Dividend ¥100 per share / ROE 11.3 %
Self-assessment against the planAbove the initial assumptions
Segment resultsNet Sales Construction-Related Business 9,009 Hundreds of millions of yen (YoY +7.0%) / Real Estate Business 2,932 Hundreds of millions of yen (YoY +16.0%) / Management and Operations Business 1,654 Hundreds of millions of yen (YoY +8.8%) / Overseas Business 43 Hundreds of millions of yen (YoY +24.5%) / Operating profit, equity-method investment gains and losses, etc. Construction-Related Business 685 Hundreds of millions of yen (YoY +21.6%) / Real Estate Business 356 Hundreds of millions of yen (YoY +9.2%) / Management and Operations Business 82 Hundreds of millions of yen (YoY +26.6%) / Overseas Business -80 Hundreds of millions of yen
Breakdown of Factors Affecting the ChangeFactors Higher construction volume and improved profit margins / Amount 136 Hundreds of millions of yen, Factors Higher number of real estate and condominium units delivered / Amount 71 Hundreds of millions of yen, Factors Higher personnel expenses due to increases in general and administrative expenses, employee compensation and headcount / Amount -93 Hundreds of millions of yen, Factors Financial Income and Expenses / Amount -29 Hundreds of millions of yen, Factors Lower dividends from unconsolidated subsidiaries / Amount -5 Hundreds of millions of yen, Factors Other / Amount 21 Hundreds of millions of yen
Key KPIsStandalone orders received 7,267 Hundreds of millions of yen (YoY +23.9%), ROE 10 %, EPS ¥204.54 per share (YoY +62.1%), Condominium units under management 448,076 units (YoY +2.1%), Rental apartment units under management 128,558 units (YoY +0.8%), Employee housing units under management 68,320 units (YoY +3.5%), Real estate turnover (condominium business) 0.64 turns, Share of construction in the Tokyo metropolitan area performed by the company 35.8 %
Unit price and quantity metricsOrders per privately developed condominium 98.6 Hundreds of millions of yen, Condominium units sold 2,062 units, Existing condominium renovation projects delivered 1,008 Engagements, Condominium contract progress rate 90.1 % (of the number of units scheduled to generate revenue in the fiscal year ended March 2026)
Number of employees8,875 people (total for major consolidated companies)
Assumptions Underlying the Business OutlookQuantitative assumptions were not disclosed. The presentation states at the outset that the outlook is based on information currently available and certain assumptions deemed reasonable.
Medium-term management plan targetsTarget Consolidated ordinary profit of ¥100 billion / Target fiscal year Within the medium-term management plan period / Comparison with actual results Actual ordinary profit for the fiscal year ended March 2026 was ¥94.1 billion, Target Maintain ROE above 10%, reaching approximately 13% by the fiscal year ending March 2031 / Target fiscal year Fiscal year ending March 2031 / Comparison with actual results Actual ROE for the fiscal year ended March 2026 was 10.0%
Financial targetsROE Target Approximately 13% by the fiscal year ending March 2031 / Actual results 10.0% (fiscal year ended March 2026) / Debt-to-equity ratio Historical actual results presented; target not disclosed / Equity ratio Historical actual results presented; target not disclosed
Annual DividendFiscal year ending March 2026 ¥95 per share / Forecast for the fiscal year ending March 2027 ¥100 per share
Payout ratioFiscal year ending March 2026 46.4 / Forecast for the fiscal year ending March 2027 40.1 / Total payout ratio 83.3% (fiscal year ended March 2026)
Acquisition of treasury sharesAmount 200 Hundreds of millions of yen / Period Not disclosed
Capital expenditures¥211 100 million (cash outflows for the acquisition of property, plant and equipment and intangible assets)
Orders received and order backlogOrders received ¥7,267 100 million (standalone, fiscal year ended March 2026) / Carried-forward construction work ¥7,884 100 million (standalone, as of 31 March 2026)
Market Size / ShareCondominium supply in the Tokyo metropolitan area 21,659 units / Share of construction performed by the company 35.8 % / First-month condominium sales rate in the Tokyo metropolitan area 62.9 % (overall)
New initiativesCommencement of operations at a precast concrete plant, Acquisition of a 30% interest in a US company engaged in the development and construction of rental multifamily housing, Opening of the Haseko Digital Technology Lab, a future condominium experience space, Introduction of an open-entry and awards program for business ideas aimed at creating new businesses
Items this document does not state (5)
Results for the three months of the current quarterProgress against full-year forecastNumber of stores and locationsRisk amount incorporated into the outlookKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company stated that revenue increased due to higher construction revenue and real estate revenue, while operating profit increased due to higher gross profit from construction and real estate operations. Standalone orders increased due to higher orders for privately developed condominiums.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Earnings Presentation Materials for the Fiscal Year Ending March 2026 | HASEKO Corporation (1808) timely disclosure | Komori