Earnings Presentation Materials for the Second Quarter of the Fiscal Year Ending March 2027 | HASEKO Corporation (1808) timely disclosure

Worth reading

75Important

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

149

¥100 million (increase in ordinary income from the year-earlier period)

Wording

Avoiding a definitive answer

How definitive the wording is.

Contents of this document

Earnings presentation materialsCumulative second quarter, fiscal year ending March 202714 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥6,023 100 million+1.2%

Operating profit¥555 100 million+34.2%

Ordinary income¥543 100 million+37.9%

Net income¥356 100 million+47.2%

Operating profit margin9.2 %

Selling, general and administrative expenses¥462 100 million

Full-year earnings forecast

Net Sales

¥13,800 100 million

Gross profit

¥2,140 100 million

Operating profit

¥1,100 100 million

Ordinary income

¥1,050 100 million

Net income

¥660 100 million

Orders received (non-consolidated)

¥7,300 100 million

Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。

Net Sales43.6%

Gross profit47.5%

Operating profit50.4%

Ordinary income51.7%

Net income54.0%

Orders received (non-consolidated)52.6%

Order Intake by Segment

Construction Business52.8%

Private-Sector Condominiums53.6%

Rental Apartments, Company Housing, etc.60.2%

Non-Residential0.0%

Other59.2%

Contracted Services50.5%

Design and Supervision Business45.8%

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

Revenue fell short of the first-half forecast, while ordinary profit exceeded it. Standalone orders received exceeded the initial forecast and are progressing smoothly against the full-year forecast.

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Improvement in construction profit margins¥113 100 million
Increase in handovers of real estate and condominiums, among other factors¥59 100 million
Improvement in other profit margins¥14 100 million
Increase in personnel expenses, other costs and other selling, general and administrative expenses¥-36 100 million

New initiatives

Acquired a 30% interest in a US company engaged in the development and construction of rental multifamily housing in April 2026
Gradual transition to a light-asset business model

Key KPIsA metric the company considers important as a management benchmark.

Standalone orders received¥3,839 100 million
Year on year against the same period last year+25.3%
Number of privately developed condominium orders received31 cases
Year on year against the same period last year30 units in the previous year
Number of condominium units sold1,031 units
Condominium units under management449,502 units
Rental apartment units under management126,055 units
Employee housing units under management66,632 units
Equity ratio41.2 %

Unit price and quantity metricsThese figures show sales broken down by price and volume.

Orders per privately developed condominium¥98.6 100 million
Number of privately developed condominium orders received31 cases
Number of condominium units sold1,031 units

Segment results

Construction-related business
Net Sales¥4,224 100 million (YoY -4.9%)
Profit¥429 100 million (YoY +30.6%)
Real estate-related business
Net Sales¥1,301 100 million (YoY +10.9%)
Profit¥161 100 million (YoY +14.4%)
Property management and operations business
Net Sales¥835 100 million (YoY +4.6%)
Profit¥33 100 million (YoY -20.3%)
Overseas Business
Net Sales¥16 100 million (YoY -0.1%)
Profit¥-41 100 million

Medium-term management plan targets

Plan nameHASEKO Evolution Plan

Period CoveredFiscal years ending March 2026 to March 2031

TargetTotal payout ratio of approximately 50% against cumulative net income attributable to owners of the parent for the 6-year period, with stable dividends and progressive dividends

Financial targets

Equity ratio

Actual results41.2 %

Market Size / Share

The number of condominium units supplied in the Tokyo metropolitan and Kinki regions, the Company's construction share and the first-month sales rate are presented by scale and fiscal year. Example: in the first half of fiscal 2026, total supply in the Tokyo metropolitan region was 8,601 units, of which 2,874 were constructed by the Company, representing a construction share of 33.4%.

Orders received and order backlog

Orders received

¥3,839 100 million

Number of employees

Number of Employees9,529 people

Annual Dividend

Annual¥100 per share

Interim¥50 per share

End of period¥50 per share

Acquisition of treasury shares

Acquisition cost¥20 billion or more in past results. The acquisition limit and period for the current fiscal year are Not disclosed

Gross profit

¥1,017 100 million+21.2%

Contents of this document
Item	Details
Document type	Earnings presentation materials
Fiscal Period Covered	Cumulative second quarter, fiscal year ending March 2027
Net Sales	¥6,023 100 million (YoY +1.2%)
Operating profit	¥555 100 million (YoY +34.2%)
Ordinary income	¥543 100 million (YoY +37.9%)
Net income	¥356 100 million (YoY +47.2%)
Gross profit	¥1,017 100 million (YoY +21.2%)
Operating profit margin	9.2 %
Selling, general and administrative expenses	¥462 100 million
Full-year earnings forecast	Net Sales ¥13,800 100 million / Gross profit ¥2,140 100 million / Operating profit ¥1,100 100 million / Ordinary income ¥1,050 100 million / Net income ¥660 100 million / Orders received (non-consolidated) ¥7,300 100 million
Progress against full-year forecast	Net Sales 43.6% / Gross profit 47.5% / Operating profit 50.4% / Ordinary income 51.7% / Net income 54.0% / Orders received (non-consolidated) 52.6% / Order Intake by Segment Construction Business 52.8% / Private-Sector Condominiums 53.6% / Rental Apartments, Company Housing, etc. 60.2% / Non-Residential 0.0% / Other 59.2% / Contracted Services 50.5% / Design and Supervision Business 45.8%
Self-assessment against the plan	Revenue fell short of the first-half forecast, while ordinary profit exceeded it. Standalone orders received exceeded the initial forecast and are progressing smoothly against the full-year forecast.
Segment results	Segment Construction-related business / Net Sales ¥4,224 100 million (YoY -4.9%) / Profit ¥429 100 million (YoY +30.6%), Segment Real estate-related business / Net Sales ¥1,301 100 million (YoY +10.9%) / Profit ¥161 100 million (YoY +14.4%), Segment Property management and operations business / Net Sales ¥835 100 million (YoY +4.6%) / Profit ¥33 100 million (YoY -20.3%), Segment Overseas Business / Net Sales ¥16 100 million (YoY -0.1%) / Profit ¥-41 100 million
Breakdown of Factors Affecting the Change	Factors Improvement in construction profit margins / Amount ¥113 100 million, Factors Increase in handovers of real estate and condominiums, among other factors / Amount ¥59 100 million, Factors Improvement in other profit margins / Amount ¥14 100 million, Factors Increase in personnel expenses, other costs and other selling, general and administrative expenses / Amount ¥-36 100 million
Key KPIs	Indicator name Standalone orders received / Value ¥3,839 100 million / Year on year against the same period last year ¥25.3 100 million, Indicator name Number of privately developed condominium orders received / Value 31 cases / Year on year against the same period last year 30 units in the previous year, Indicator name Number of condominium units sold / Value 1,031 units / Year on year against the same period last year Not disclosed, Indicator name Condominium units under management / Value 449,502 units / Year on year against the same period last year Not disclosed, Indicator name Rental apartment units under management / Value 126,055 units / Year on year against the same period last year Not disclosed, Indicator name Employee housing units under management / Value 66,632 units / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 41.2 % / Year on year against the same period last year Not disclosed
Unit price and quantity metrics	Indicator name Orders per privately developed condominium / Value ¥98.6 100 million, Indicator name Number of privately developed condominium orders received / Value 31 cases, Indicator name Number of condominium units sold / Value 1,031 units
Number of employees	Number of Employees 9,529 people / Change during the period Not disclosed / Hiring plan Not disclosed
Medium-term management plan targets	Plan name HASEKO Evolution Plan / Period Covered Fiscal years ending March 2026 to March 2031 / Target Total payout ratio of approximately 50% against cumulative net income attributable to owners of the parent for the 6-year period, with stable dividends and progressive dividends
Financial targets	Equity ratio Actual results 41.2 % / Other Not disclosed
Annual Dividend	Annual ¥100 per share / Interim ¥50 per share / End of period ¥50 per share
Acquisition of treasury shares	Acquisition cost ¥20 billion or more in past results. The acquisition limit and period for the current fiscal year are Not disclosed / Number of Shares Not disclosed / Period Not disclosed
Orders received and order backlog	Orders received ¥3,839 100 million / Order backlog Not disclosed
Market Size / Share	The number of condominium units supplied in the Tokyo metropolitan and Kinki regions, the Company's construction share and the first-month sales rate are presented by scale and fiscal year. Example: in the first half of fiscal 2026, total supply in the Tokyo metropolitan region was 8,601 units, of which 2,874 were constructed by the Company, representing a construction share of 33.4%.
New initiatives	Acquired a 30% interest in a US company engaged in the development and construction of rental multifamily housing in April 2026, Gradual transition to a light-asset business model

Items this document does not state (7)

Results for the three months of the current quarterNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookPayout ratioCapital expendituresKey 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.

This was due to increases in gross profit from completed construction contracts and gross profit from real estate, improved standalone construction profitability, earlier-than-planned sales of income-producing real estate by subsidiaries, and selling, general and administrative expenses coming in below expectations. Orders received increased because orders for privately developed condominiums remained strong.

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