Komori
Sumitomo Forestry (1911) · FactOverseas housing business: higher sales, lower profit

Revenue Growth and Expansion of Overseas Operations

First written in FY2016. 14 of 37 entries say "Restated". Latest entry: 2026-10-06.

37entries
11years
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2020-Q2AdvancedFY2020-Q3 – FY2022-Q42016: 320162017: 420172018: 420182019: 420192020: 420202021: 320212022: 320222023: 420232024: 220242025: 220252026: 42026
Same theme, other companies
Overseas Housing Business: Acquisitions, Sales Expansion and Earnings FluctuationsA theme 2 companies write about · 0 as a headwind · 2 as a tailwind

Sumitomo Forestry moved to the "Worse" side of this theme in 2026.

0 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1Overseas housing business: higher sales, lower profitAnnual report

    「In Australia's detached-home business, the number of homes sold increased as market conditions remained strong. Net sales also exceeded the year-earlier period partly due to the acquisition of Tri Pointe Homes, Inc. (the “TPH Company”), which operates a detached-home business in the US. In the US detached-home business, selling, general and administrative expenses increased, partly due to acquisition-related costs. Ordinary profit fell below the year-earlier period as prospective buyers continued to remain on the sidelines amid persistently high mortgage rates and uncertainty over the economic outlook, while profit margins declined due to incentives and other factors. Net sales in the overseas housing business were ¥725.575 billion, up 26.7% year on year, and ordinary profit was ¥45.701 billion, down 38.6%.」

    The overseas housing business posted higher revenue due to the acquisition of Tri Pointe Homes and increased sales volumes in Australia, while profit declined because of acquisition-related costs, persistently high US interest rates, buyers remaining on the sidelines, and lower margins due to incentives.
  2. FY2025Revenue Growth, Profit DeclineAnnual report

    「As a result, net sales were ¥2,267.577 billion, up 10.4% year on year, operating profit was ¥168.724 billion, down 13.3%, ordinary profit was ¥174.9 billion, down 11.6%, and net profit attributable to owners of the parent was ¥106.666 billion, down 8.5%.」

    Group-wide net sales increased 10.4%, while ordinary profit declined 11.6%, resulting in a shift to higher revenue but lower profit, including earnings pressure in the overseas housing and real estate business and the resources and environmental business.
  3. FY2026-H1Higher revenue in Australia and lower profit in the US drive overall higher revenue but lower profitAnnual report

    「In the US detached-home business, the number of homes sold declined partly because prospective buyers remained on the sidelines amid persistently high mortgage rates and uncertainty over the economic outlook. In Australia's detached-home business, the number of homes sold increased as the Metricon Group, which became a subsidiary at the end of the previous consolidated fiscal year, was consolidated and sales in Western Australia remained strong. Profit margins also improved due to higher selling prices and other factors. Net sales in the construction and real estate businesses were ¥665.803 billion, up 11.9% year on year, and ordinary profit was ¥65.621 billion, down 12.5%.」

    In the overseas business, the number of homes sold declined in the US due to persistently high interest rates and other factors, while it increased in Australia following the consolidation of Metricon and other developments. Net sales in the construction and real estate businesses increased 11.9%, while ordinary profit declined 12.5%.
  4. FY2024AdvancedAnnual report

    「Net sales in the construction and real estate businesses were ¥1,239.997 billion, up 30.8% year on year, and ordinary profit was ¥147.451 billion, up 31.6%.」

    Net sales and ordinary profit in the construction and real estate businesses, primarily overseas, increased substantially, demonstrating the expansion of the overseas business's earnings scale in full-year results.
  5. FY2025-H1AdvancedAnnual report

    「Sales in the US detached-home development business remained steady, and net sales and ordinary profit both exceeded the year-earlier period, partly due to the weaker yen. The increase in net sales also reflected the contribution of a US real estate development company newly consolidated in the fourth quarter of the previous consolidated fiscal year. Net sales in the construction and real estate businesses were ¥595.004 billion, up 38.3% year on year, and ordinary profit was ¥77.211 billion, up 68.7%.」

    Against a backdrop of steady sales in US detached-home development, the weaker yen and contributions from newly consolidated companies, interim net sales and ordinary profit in the construction and real estate businesses, primarily overseas, exceeded the year-earlier period.
  6. FY2024-Q4AdvancedAnnual report

    「Net sales in the construction and real estate businesses were ¥274.206 billion, up 41.8% year on year, and ordinary profit was ¥33.643 billion, up 70.9%.」

    In the first quarter, the overseas housing, construction and real estate business posted net sales of ¥274.206 billion and ordinary profit of ¥33.643 billion, up 41.8% and 70.9%, respectively, year on year.
  7. FY2024-Q2Higher revenue but lower profit in the overseas businessAnnual report

    「The number of homes sold increased in Australia's detached-home business, and net sales exceeded the year-earlier period partly because of the weaker yen. In the US detached-home business, however, ordinary profit fell below the year-earlier period as material prices rose and fewer real estate development properties were sold.」

    Net sales increased in the overseas housing, construction and real estate business due to higher sales volumes in Australia and the weaker yen, while profit declined as higher US material prices and fewer real estate development property sales reduced ordinary profit.
  8. FY2024-Q1Higher revenue but lower profit in the overseas businessAnnual report

    「Net sales in the overseas housing, construction and real estate business were ¥430.191 billion, up 8.4% year on year, and ordinary profit was ¥45.757 billion, down 43.9%.」

    Net sales in the overseas housing, construction and real estate business increased 8.4%, while ordinary profit declined 43.9%, continuing the trend of higher revenue but lower profit from the previous fiscal year.
  9. FY2023-Q4Higher revenue but lower profit in the overseas businessAnnual report

    「Net sales in the overseas housing, construction and real estate business were ¥193.407 billion, up 13.4% year on year, and ordinary profit was ¥19.684 billion, down 38.4%.」

    Net sales in the overseas housing, construction and real estate business increased 13.4% year on year due to the weaker yen and other factors, while ordinary profit declined 38.4% because of higher material prices and fewer real estate development property sales.
  10. FY2022AdvancedAnnual report

    「As a result, net sales in the overseas housing and real estate business were ¥848.724 billion, up 31.7% year on year, and ordinary profit was ¥161.317 billion, up 54.6%.」

    The overseas housing and real estate business posted net sales of ¥848.724 billion and ordinary profit of ¥161.317 billion, continuing and expanding its year-on-year increases in both revenue and profit.
  11. FY2023-Q2RestatedAnnual report

    「The US housing and real estate business performed strongly, and net sales and ordinary profit both exceeded the year-earlier period, partly due to the weaker yen. Net sales in the overseas housing and real estate business were ¥608.947 billion (up 39.2% year on year), and ordinary profit was ¥126.366 billion (up 84.4%).」

    The company continued to disclose results showing that net sales and ordinary profit in the overseas housing and real estate business exceeded the year-earlier period, against a backdrop of strong performance in the US business and the weaker yen.
  12. FY2023-Q1RestatedAnnual report

    「The US housing and real estate business performed strongly, and net sales and ordinary profit both exceeded the year-earlier period, partly due to the weaker yen. Net sales in the overseas housing and real estate business were ¥384.318 billion, up 37.3% year on year, and ordinary profit was ¥81.197 billion, up 125.2%.」

    Net sales and ordinary profit in the overseas housing and real estate business exceeded the year-earlier period, driven by strong performance in the US housing and real estate business and the weaker yen.
  13. FY2022-Q4AdvancedAnnual report

    「The US housing and real estate business performed strongly, with both net sales and ordinary profit exceeding the year-earlier period. Net sales in the overseas housing and real estate business were ¥163.048 billion, up 34.8% year on year, and ordinary profit was ¥31.358 billion, up 112.7%.」

    The overseas housing and real estate business posted a 34.8% increase in net sales and a 112.7% increase in ordinary profit, driven by strong performance in the US business, demonstrating higher revenue and profit.
  14. FY2022-Q2AdvancedAnnual report

    「The US housing and real estate business performed strongly, with both net sales and ordinary profit exceeding the previous consolidated fiscal year. Net sales in the overseas housing and real estate business were ¥437.613 billion, up 24.2% year on year, and ordinary profit was ¥68.533 billion, up 55.6%.」

    Against a backdrop of strong performance in the US housing and real estate business, cumulative third-quarter net sales and ordinary profit in the overseas housing and real estate business were ¥437.613 billion and ¥68.533 billion, respectively.
  15. FY2022-Q1AdvancedAnnual report

    「The US housing and real estate business performed strongly, with both net sales and ordinary profit exceeding the year-earlier period. Net sales in the overseas housing and real estate business were ¥279.814 billion, up 29.1% year on year, and ordinary profit was ¥36.059 billion, up 46.6%.」

    The overseas housing and real estate business exceeded the year-earlier period in both net sales and ordinary profit, driven by strong performance in the US business. Net sales increased 29.1% and ordinary profit increased 46.6%.
  16. FY2021-Q4AdvancedAnnual report

    「The US housing and real estate business performed strongly, with both net sales and ordinary profit exceeding the year-earlier period.」

    Driven by strong performance in the US business, the overseas housing and real estate business posted net sales of ¥120.991 billion and ordinary profit of ¥14.740 billion, up 20.5% and 34.8%, respectively, year on year.
  17. FY2021-Q2AdvancedAnnual report

    「Strong performance in the US housing and real estate business resulted in both net sales and ordinary profit exceeding the year-earlier period. Net sales in the overseas housing and real estate business were ¥216.810 billion, up 22.9% year on year, and ordinary profit was ¥24.599 billion, up 125.8%.」

    In the overseas housing and real estate business, net sales increased 22.9% year on year and ordinary profit increased 125.8%, driven by growth in the US business.
  18. FY2021-Q1AdvancedAnnual report

    「Strong performance in the US housing and real estate business resulted in both net sales and ordinary profit exceeding the year-earlier period. Net sales in the overseas housing and real estate business were ¥100.431 billion, up 28.8% year on year, and ordinary profit was ¥10.935 billion, up 178.9%.」

    Driven by growth in the US housing and real estate business, net sales in the overseas housing and real estate business increased 28.8% year on year and ordinary profit increased 178.9%, marking a shift from profit declines through the previous quarter to increases in both net sales and ordinary profit.
  19. FY2020AdvancedAnnual report

    「As a result, net sales in the overseas housing and real estate business were ¥399.360 billion, up 9.5% year on year, and ordinary profit was ¥34.541 billion, up 33.8%.」

    Net sales and ordinary profit in the overseas housing and real estate business both increased, driven by expansion of US detached-home construction and real estate development and progress on projects in Southeast Asia.
  20. FY2020-Q3AdvancedAnnual report

    「In the US housing and real estate business, the number of homes sold in the detached-home development business increased, while sales of real estate development properties also progressed smoothly. As a result, both net sales and ordinary profit exceeded the year-earlier period. Net sales in the overseas housing and real estate business were ¥280.204 billion, up 13.6% year on year, and ordinary profit was ¥22.918 billion, up 34.1%.」

    The overseas housing and real estate business posted a 13.6% increase in net sales and a 34.1% increase in ordinary profit, driven by higher sales volumes in detached-home development and progress in real estate development property sales. Results shifted from higher revenue but lower profit through the previous quarter to increases in both net sales and ordinary profit.
  21. FY2020-Q2Higher Revenue, Lower ProfitAnnual report

    「In the US housing and real estate business, net sales exceeded the year-earlier period as sales volumes increased in existing businesses and other factors. Ordinary profit fell below the year-earlier period due to higher selling, general and administrative expenses and other factors. Net sales in the overseas housing and real estate business were ¥176.365 billion, up 14.3% year on year, and ordinary profit was ¥10.893 billion, down 5.4%.」

    Net sales in the overseas housing and real estate business increased 14.3% year on year due to higher sales volumes in existing businesses and other factors, while ordinary profit declined 5.4% because of higher selling, general and administrative expenses and other factors.
  22. FY2020-Q1Higher Revenue, Lower ProfitAnnual report

    「In the US housing and real estate business, the initial consolidation of a subsidiary boosted net sales, while ordinary profit was held back by higher costs, including labor and materials. Net sales in the overseas housing and real estate business were ¥78.004 billion, up 14.3% year on year, and ordinary profit was ¥3.921 billion, down 20.6%.」

    Net sales in the overseas housing and real estate business rose 14.3% year on year following the initial consolidation of a US subsidiary, while ordinary profit fell 20.6% due to higher costs, including labor and materials.
  23. FY2019RestatedAnnual report

    「Net sales in the overseas housing and real estate business were ¥364.878 billion, up 19.3% year on year, and ordinary profit was ¥25.812 billion, up 9.9%.」

    The company disclosed full-year increases in net sales and ordinary profit in the overseas housing and real estate business, driven by the US housing business, real estate development by Crescent Communities and other businesses, and projects in Southeast Asia.
  24. FY2019-Q3RestatedAnnual report

    「Net sales in the overseas housing and real estate business were ¥246.650 billion, up 19.0% year on year, and ordinary profit was ¥16.564 billion, up 25.5%.」

    Cumulative third-quarter net sales and ordinary profit in the overseas housing and real estate business exceeded the year-earlier period, against a backdrop of stronger performance at existing US companies and contributions from Bloomfield Homes and other businesses. The company continued to disclose these results.
  25. FY2019-Q2RestatedAnnual report

    「Net sales in the overseas housing and real estate business were ¥154.289 billion, up 21.5% year on year, and ordinary profit was ¥11.518 billion, up 62.7%.」

    The company disclosed that cumulative second-quarter net sales and ordinary profit in the overseas housing and real estate business exceeded the year-earlier period, driven by contributions from existing US companies, Bloomfield Homes and other businesses.
  26. FY2019-Q1RestatedAnnual report

    「Net sales in the overseas housing and real estate business were ¥68.220 billion, up 28.3% year on year, and ordinary profit was ¥4.938 billion, up 91.6%.」

    Cumulative first-quarter net sales and ordinary profit in the overseas housing and real estate business exceeded the year-earlier period, against a backdrop of contributions from existing US companies, Bloomfield Homes and other businesses.
  27. FY2018RestatedAnnual report

    「As a result, net sales in the overseas business were ¥352.897 billion, up 42.4% year on year, and ordinary profit was ¥26.491 billion, up 37.2%.」

    The company disclosed full-year increases in net sales and ordinary profit in the overseas business, driven by expansion of the overseas housing and real estate business, the consolidation of Bloomfield Homes and other companies as subsidiaries, and business development in Southeast Asia.
  28. FY2018-Q3RestatedAnnual report

    「As a result, net sales in the overseas business were ¥241.816 billion, up 44.0% year on year, and ordinary profit was ¥15.554 billion, up 35.2%.」

    Cumulative third-quarter net sales and ordinary profit in the overseas business exceeded the year-earlier period, driven by contributions from Wisdom, Edge Homes, Bloomfield Homes and other businesses, as well as growth at existing companies. The company continued to disclose these results.
  29. FY2018-Q2RestatedAnnual report

    「Net sales in the overseas business were ¥149.590 billion, up 37.9% year on year, and ordinary profit was ¥9.226 billion, up 38.6%.」

    The company continued to disclose increases in first-half net sales and ordinary profit in the overseas business, driven by contributions from existing US and Australian companies, as well as Wisdom, Edge Homes, Bloomfield Homes and other businesses.
  30. FY2018-Q1RestatedAnnual report

    「Net sales in the overseas business were ¥64.063 billion, up 33.9% year on year, and ordinary profit was ¥3.704 billion, up 51.1%.」

    Against a backdrop of resilient housing markets in the US and Australia, stronger results at existing companies, and contributions from the Wisdom Group and Edge Homes Group, first-quarter net sales and ordinary profit in the overseas business exceeded the year-earlier period.
  31. FY2017RestatedAnnual report

    「As a result, net sales in the overseas business were ¥247.890 billion, up 31.9% year on year, and ordinary profit was ¥19.310 billion, up 47.5%.」

    The company disclosed full-year increases in net sales and ordinary profit in the overseas business, driven by the US and Australian housing businesses and M&A involving the DRB Group, Wisdom, Edge and other businesses.
  32. FY2017-Q3RestatedAnnual report

    「As a result, net sales in the overseas business were ¥167.881 billion, up 21.2% year on year, and ordinary profit was ¥11.520 billion, up 32.3%.」

    Against a backdrop of housing markets in the US and Australia and growth in the number of homes sold by existing companies, cumulative third-quarter net sales and ordinary profit in the overseas business exceeded the year-earlier period.
  33. FY2017-Q2RestatedAnnual report

    「As a result, net sales in the overseas business were ¥108.438 billion, up 21.2% year on year, and ordinary profit was ¥7.044 billion, up 38.2%.」

    The company disclosed increases in net sales and ordinary profit in the overseas business, driven by its US and Australian housing businesses and the consolidation of the Wisdom Group as subsidiaries, among other factors.
  34. FY2017-Q1RestatedAnnual report

    「As a result, net sales were ¥47.838 billion, up 17.2% year on year, and ordinary profit was ¥2.651 billion, up 34.0%.」

    The company disclosed quarterly results showing year-on-year increases in first-quarter net sales and ordinary profit in the overseas business.
  35. FY2016First statedAnnual report

    「Overseas net sales were ¥187.926 billion, up 27.8% from the previous fiscal year, and ordinary profit was ¥13.091 billion, up 113.7%.」

    The Company attributed substantial growth in overseas sales and ordinary profit to higher unit sales by its U.S. and Australian homebuilders and new acquisitions.