Revised forecast
Fiscal year ending December 2026 · Full yearPrevious forecast published 7 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Revenue is expected to exceed the previously announced figure following the addition of TPH as a subsidiary. Meanwhile, profit is expected to fall below the previously announced figure due to amortization of goodwill and other items, expenses related to the acquisition of shares, interest expense, potential homebuyers delaying purchases in the U.S. detached-home business amid persistently high mortgage rates and uncertainty over the economic outlook, the granting of incentives, a decline in the number of properties sold in the U.S. real estate business, and the recognition of valuation losses on certain LP investment projects, among other factors.
A valuation loss related to certain LP (limited partnership) investments was recognized. Amount: Not disclosed.
| Item | Details |
|---|---|
| Net Sales | ¥2,590,000 million → ¥2,950,000 million（+13.9%） |
| Operating profit | ¥157,000 million → ¥143,000 million（△8.9%） |
| Ordinary income | ¥160,000 million → ¥115,000 million（△28.1%） |
| Profit attributable to owners of the parent | ¥95,000 million → ¥60,000 million（△36.8%） |
| Net income per share | ¥155.09 → ¥97.85 |
| Fiscal Period Covered | Fiscal year ending December 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 7 May 2026 |
| Previous-period results | Fiscal year ended December 2025: revenue ¥2,267,577 million, operating profit ¥168,724 million, ordinary profit ¥174,900 million, net income attributable to owners of the parent ¥106,666 million, and basic earnings per share of ¥174.13 |
| Reason for the revision | Revenue is expected to exceed the previously announced figure following the addition of TPH as a subsidiary. Meanwhile, profit is expected to fall below the previously announced figure due to amortization of goodwill and other items, expenses related to the acquisition of shares, interest expense, potential homebuyers delaying purchases in the U.S. detached-home business amid persistently high mortgage rates and uncertainty over the economic outlook, the granting of incentives, a decline in the number of properties sold in the U.S. real estate business, and the recognition of valuation losses on certain LP investment projects, among other factors. |
| Details and amount of extraordinary loss | A valuation loss related to certain LP (limited partnership) investments was recognized. Amount: Not disclosed. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.Revenue is expected to exceed the previous forecast following the addition of TPH as a subsidiary. Meanwhile, profit is expected to fall below the previous forecast due to amortization of goodwill and other items, expenses related to the acquisition of shares, interest expense, potential homebuyers delaying purchases amid persistently high U.S. mortgage rates and uncertainty over the economic outlook, the granting of incentives, a decline in the number of properties sold in the U.S. real estate business, and the recognition of valuation losses on certain LP investment projects, among other factors.