International business expansion in the United States, Australia, China and Singapore

「The business is being operated under the One Company structure of SEKISUI HOUSE U.S., Inc., which began operations in January 2026. In the U.S. community development business, sales remained firm, including properties acquired in 2025. In the U.S. rental housing development business, despite the reaction to property sales in the same period of the previous year, the company entered into sale and purchase agreements for 4 properties, including the residential portions of “The Ayer” (Seattle) and “West” (San Diego), and completed delivery in July 2026 (scheduled to be recorded in the third quarter).」

「In the U.S. detached housing business, orders and handovers increased as the results of M.D.C. Holdings, Inc., acquired in April 2024, contributed from the beginning of the current period. However, profit margins declined as the company increased incentives in response to customers' increasingly cautious stance amid persistently high mortgage rates and growing uncertainty about the outlook for the U.S. economy, in addition to recording amortization of goodwill and other expenses.」

「In the U.S. detached housing business, orders and handovers by existing builders remained strong as the shortage of existing-home inventory, caused by persistently high mortgage rates, increased demand for new homes. Revenue also increased following the conversion of MDC into a wholly owned subsidiary in April 2024 to further expand the company's U.S. operating area.」

「The company completed the acquisition of M.D.C. Holdings, Inc., which operates a detached housing business in the United States and is headquartered in Colorado, in April 2024, making MDC a wholly owned subsidiary. The acquisition will expand the operating area of the U.S. detached housing business from 8 states to 16 states and 34 cities. Going forward, the company will use MDC's solid platform, including its high-standard business processes and systems, to supply quality detached housing and accelerate the rollout of Sekisui House technology in pursuit of its global vision and the active growth of its overseas business.」

「The acquisition expanded the company's U.S. operating area to 16 states and created a homebuilder group ranking fifth nationwide based on fiscal 2022 handovers, with an annual capacity of approximately 15,000 homes. This is expected to enable the company to achieve its overseas detached housing supply target of 10,000 homes by fiscal 2025 ahead of schedule and strengthen its presence in the United States.」

「In the United States, the detached housing and community development businesses were affected by a decline in order backlogs following the sharp rise in mortgage rates in the previous period. However, strong demand for high-quality new housing supported a recovery trend in orders. In addition, Woodside Homes Company, LLC, the company's U.S. subsidiary, acquired equity interests in Hubble Group, LLC, a residential housing company in Idaho, to expand its housing sales regions and further roll out Sekisui House technology. In the rental housing development business, handover of St. Andrews in Los Angeles was completed as planned. In Australia, despite a decline in detached housing unit sales, handover of part of the West Village commercial building in Brisbane, handover of condominiums at Melrose Park in Sydney and handovers of planned development properties progressed smoothly.」

「In addition, Woodside Homes Company, LLC, the company's U.S. subsidiary, acquired equity interests in Hubble Group, LLC, a residential housing company in Idaho, to expand its housing sales regions and further roll out Sekisui House technology.」

「In the United States, the company was affected by a decline in order backlogs following the sharp rise in mortgage rates in the previous period in the detached housing and community development businesses. However, strong demand for high-quality housing supported a recovery trend in orders. In the rental housing development business, handover of St. Andrews in Los Angeles was completed as planned. In Australia, revenue declined due to a gap between condominium handover periods and a decrease in detached housing unit sales, although handover of part of the commercial building at West Village in Brisbane was completed as planned.」

「SH RESIDENTIAL HOLDINGS, LLC, a consolidated subsidiary of the company, newly established CHESMAR HOLDINGS, LLC as a subsidiary. CHESMAR HOLDINGS, LLC acquired all equity interests in CHESMAR HOMES, LCC and one other company from CHESMAR GROUP, INC., making them consolidated subsidiaries. CHESMAR HOLDINGS, LLC thereby became a specified subsidiary.」

「In the United States, the housing sales and community development businesses continued to perform strongly. In the rental housing development business, handovers of Volta on Pine in Long Beach and Bromwell in Denver were completed, resulting in higher revenue. In Australia, revenue increased as handover of the Residences building at Melrose Park in Sydney was completed and the sale of land at Gledswood Hills in Sydney progressed. In China, handovers of condominiums in Phase 2 of the Taicang development progressed as planned, resulting in higher revenue.」

「In the international business, the company will focus on stable growth in the development business and increasing the supply of detached houses as it works to roll out Sekisui House technology in countries around the world, while building an operating framework for sustainable growth. In the United States, where housing sales are strong, the company operates through Woodside Homes, which has achieved significant growth as a customer-focused premium brand, and the newly acquired Holt Homes. It is promoting the provision of high value-added products through housing technologies developed in Japan and lifestyle proposals. The company is also advancing a pilot project using its Shawood timber housing technology to enhance brand strength.」

「In the United States, the community development business and Woodside Homes' housing sales business continued to perform strongly, supported in part by mortgage rates at historically low levels. Handovers of Zera in Portland and Neon Local in Denver were completed in the rental housing development business, resulting in higher revenue. In Australia, handovers began for the high-rise building in Phase 1 of Sanctuary in Sydney. In China, operations progressed as planned, but revenue declined due to the reversal of the concentration of condominium handovers in Suzhou in the previous period.」

「In the United States, the community development business and Woodside Homes' housing sales business continued to perform strongly, supported in part by mortgage rates at historically low levels. Handover of Zera in Portland was completed in the rental housing development business, resulting in higher revenue. In Australia, handovers began for the high-rise building in Phase 1 of Sanctuary in Sydney.」

「In the United States, the community development business and Woodside Homes' housing sales business continued to perform strongly, supported in part by mortgage rates at historically low levels, offsetting the impact of the reversal of property sales in the rental housing development business in the previous period. However, revenue declined due to foreign exchange effects. In Australia, handovers began for the high-rise building in Phase 1 of Sanctuary in Sydney, resulting in higher revenue. In China, operations progressed as planned, but revenue declined due to the reversal of the concentration of condominium handovers in Suzhou in the previous year.」

「In the United States, handovers of Bear Creek in Denver and Kiara in Seattle were completed in the rental housing development business, but the sale plan for some properties was changed from the current period to the following period and beyond. The residential lot development business and Woodside Homes' housing sales business remained strong, supported in part by mortgage rates at historically low levels. In China, handovers of condominiums in Suzhou progressed smoothly. In Australia, the earnings plan for the condominium business was revised, while handover of The Hermitage in Sydney progressed smoothly in the residential lot development business.」

「In the United States, handover of Bear Creek in Denver was completed in the rental housing development business, and the contract for Kiara in Seattle was completed. The residential lot development business and Woodside Homes' housing sales business also remained solid. In China, handovers of condominiums in Suzhou progressed strongly. In Australia, handover of The Hermitage in Sydney progressed solidly in the residential lot development business.」

「In the United States, handover of Bear Creek in Denver was completed in the rental housing development business, while the community development business and Woodside Homes' housing sales business also remained solid. In China, handovers of condominiums in Suzhou are progressing sequentially. In Australia, handovers of West Village in Brisbane progressed steadily in the condominium business.」

「In the United States, 7 properties, including Union Denver in Denver and Sofia, The Griffin and The Grace in Los Angeles, were sold in the rental housing development business. The residential lot development business and the housing sales business operated by Woodside Homes Company, LLC also remained solid. The company also entered the UK housing market through a partnership with Homes England and Urban Splash.」

「In the United States, 7 properties, including Union Denver in Denver and Sofia, The Griffin and The Grace in Los Angeles, were sold in the rental housing development business. The residential lot development business and the housing sales business operated by Woodside Homes Company, LLC also remained solid. In China, condominium sales in Suzhou and Taicang remained strong. The company also entered the UK housing market through a partnership with Homes England and Urban Splash.」

「In the United States, 6 properties, including Union Denver in Denver and The Griffin and The Grace in Los Angeles, were sold in the rental housing development business. The residential lot development business and the housing sales business operated by Woodside Homes Company, LLC also remained solid. In China, condominium sales in Suzhou and Taicang remained strong. The company also entered the UK housing market through a partnership with Homes England and Urban Splash.」

「In the United States, the housing sales and residential lot development businesses operated by Woodside Homes Company, LLC remained solid, and one property sale contract was completed in the rental housing development business. In China, handovers of condominiums in Suzhou progressed strongly.」

「In the United States, housing sales by Woodside Homes Company, LLC, which became a consolidated subsidiary in the previous period, remained strong. In Australia, the Duo building at Central Park in Sydney was completed and handovers began. In China, the Taicang condominiums sold out and handovers progressed smoothly. In Singapore, sales of Seaside Residences continued to progress well.」

「In the United States, housing sales by Woodside Homes Company, LLC, which became a consolidated subsidiary in the previous period, remained strong. In China, the Taicang condominiums sold out and handovers progressed smoothly. In Singapore, sales of Seaside Residences continued to perform well. In Australia, construction of condominiums scheduled for completion during the current period progressed.」

「In the United States, housing sales by Woodside Homes Company, LLC, which became a consolidated subsidiary in the previous period, remained strong. In China, handovers of condominiums in Taicang progressed smoothly and the units were almost sold out. In Australia, construction of condominiums scheduled for handover during the current period progressed, while sales of Seaside Residences in Singapore continued to progress smoothly.」

「In the United States, sales of residential lots in areas including Tampa, Florida, remained strong, while revenue from Woodside Homes Company, LLC, which became a consolidated subsidiary during the period, also contributed. In Australia, handovers for Phase 2 of the Central Park development and condominiums at Wentworth Point, both in Sydney, progressed as planned. In China, handovers of condominiums in Taicang continued to progress smoothly, as they had in the previous period. In Singapore, sales of Seaside Residences, a new condominium development, remained strong.」

「In the United States, sales of residential lots in areas including Tampa, Florida, remained strong, while revenue from Woodside Homes Company, LLC, which became a consolidated subsidiary during the period, also contributed. In Australia, handovers began for condominiums in Phase 2 of the Central Park development in Sydney. In China, handovers of condominiums in Taicang continued to progress smoothly, as they had in the previous period. In Singapore, sales of Seaside Residences, a new condominium development, remained strong.」

「In the United States, sales of residential lots in areas including Tampa, Florida, remained strong. In Australia, handovers began for condominiums in Phase 2 of the Central Park development in Sydney. In China, handovers of condominiums in Taicang continued to progress smoothly, as they had the previous year. In Singapore, sales began for Seaside Residences, a new condominium development.」

「At a meeting of the Board of Directors held on 22 February 2017, our company resolved to acquire all interests in Woodside Homes Company, LLC, which conducts the detached housing business in the United States and is a wholly owned subsidiary of SH Residential Holdings, LLC, itself a wholly owned subsidiary of our wholly owned subsidiary Sekisui House US Holdings, LLC, through a scheme in which SH Residential Holdings, LLC would merge with its wholly owned subsidiary Crayon Special Vehicle-I, LLC, with Woodside Homes Company, LLC surviving the merger, thereby making Woodside Homes Company, LLC a wholly owned subsidiary. We also resolved to reorganize NORTH AMERICA SEKISUI HOUSE, LLC, our wholly owned subsidiary, as a wholly owned subsidiary of Sekisui House US Holdings, LLC, and executed a merger agreement. "Date of acquisition of interests: 1 March 2017 (28 February U.S. time)" "Ownership ratio after acquisition: 100.0%"」

「In the United States, sales of residential land, including One Loudoun in Washington, D.C., remained strong. We also began selling properties in the rental housing development business pursued since fiscal 2013, selling properties in Portland and Seattle.」

「In the United States, sales of residential land, including One Loudoun in Washington, D.C., remained strong. In Australia, handover began for condominiums at Royal Shores in Sydney. In China, handover began for condominiums in Suzhou. In Singapore, the commercial facilities at Punggol Waterway opened fully in April.」