Worth reading
77Important
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
15000
¥ million (amount of the upward revision to full-year revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter (interim period) of the fiscal year ending September 202614 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥689,176 million+7.1%
Operating profit¥84,398 million+14.4%
Ordinary income¥81,459 million+13.8%
Net income¥57,017 million+22.4%
Selling, general and administrative expenses¥51,221 million
Operating profit marginConsolidated: 12.2% (+0.7 percentage points year on year). Detached-house-related 11.3% (0.0 percentage points), condominiums 17.1% (a loss in the year-earlier period), income-producing real estate 11.7% (+0.3 percentage points), Other 11.5% (-0.7 percentage points), and プレサンス 14.6% (+1.4 percentage points)
Results for the three months of the current quarterFor the three months of the second quarter of the fiscal year ending September 2026, revenue of ¥183,491 million (detached-house-related), ¥17,801 million (condominiums), ¥62,689 million (income-producing real estate), ¥27,338 million (U.S. real estate), and ¥59,907 million (プレサンス), among others, was disclosed.
Full-year earnings forecastRevenue: ¥1,485,000-¥1,500,000 million; operating profit: ¥176,500-¥180,000 million; ordinary profit: ¥167,000-¥170,000 million; net income: ¥116,500-¥118,500 million (upside and downside)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Exceeded the earnings forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Selling, general and administrative expenses: personnel expenses +¥1,044 million, sales commissions +¥506 million, office maintenance expenses +¥48 million, advertising expenses +¥1,488 million, sales promotion expenses -¥19 million, and other expenses +¥3,101 million. Non-operating expenses: interest expense +¥1,543 million, commission fees -¥755 million, and other expenses +¥108 million.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Considering the uncertain situation in the Middle East, the full-year forecasts are disclosed as ranges. Specific assumptions for foreign exchange rates, raw material prices, interest rates and other factors are Not disclosed.New initiatives
OHD has newly begun apartment development. ZEH-level specifications will be adopted as standard for built-for-sale homes for which building confirmation applications are submitted from April 2026 onward. A health promotion working group has been established.Key KPIsA metric the company considers important as a management benchmark.
Contracted revenue in the detached-house-related business: 122.9% of the year-earlier period; contracted units for built-for-sale homes in the Tokyo metropolitan area: 3,941; contract price: ¥49.5 million. Condominium units delivered: 480. Income-producing real estate properties delivered: 259; average price: ¥429 million. U.S. real estate properties under management: 6,442; properties delivered: 626. プレサンス units delivered: 1,570.Unit price and quantity metricsThese figures show sales broken down by price and volume.
Detached-house-related: 3,941 contracted units; contract price for built-for-sale homes in the Tokyo metropolitan area: ¥49.5 million. Condominiums: 480 units delivered; average price: ¥53.6 million. Income-producing real estate: 259 properties delivered; average price: ¥429 million. U.S. real estate: 626 properties delivered; 6,442 properties under management. プレサンス: 1,570 units delivered.Segment results
Detached-house-related: revenue ¥382,789 million (105.4%), operating profit ¥43,118 million (105.3%); condominiums: ¥26,067 million (430.0%), ¥4,451 million (the year-earlier period was -¥1,808 million); income-producing real estate: ¥113,401 million (118.1%), ¥13,251 million (121.1%); Other: ¥71,378 million (97.3%), ¥8,175 million (91.3%); プレサンス: ¥97,551 million (91.0%), ¥14,222 million (100.3%)Medium-term management plan targets
Cumulative net income of ¥310.0-¥312.0 billion for the three fiscal years from the fiscal year ended September 2024 through the fiscal year ending September 2026; equity ratio of 35%; net debt-to-equity ratio of no more than 1.0x; ¥500 billion in growth investments; total payout ratio of at least 40%; and shareholder returns of ¥130 billionFinancial targets
Equity ratio of 35% and net debt-to-equity ratio of no more than 1.0x. Actual results: equity ratio of 38.5% and net debt-to-equity ratio of 0.6xMarket Size / Share
プレサンス ranked first outright in the 2025 ranking of condominium units supplied, with 4,524 units supplied. Market trends cited include a wage increase rate of 5.08% and a 33% rise in rents for family-type condominiums in Tokyo's 23 wards over the three and a half years since September 2022.Annual Dividend
Annual dividend of ¥200.00 per share. The interim and year-end breakdown is Not disclosed.Payout ratio
Total payout ratio of at least 40%Acquisition of treasury shares
¥25 billion and 5 million shares; the purchase period is Not disclosed. Cancellation of treasury shares: all 4.002 million shares acquired during the fiscal year.Gross profit
Disclosed by segment: detached-house-related 17.8% (+0.6 percentage points year on year), condominiums 29.5% (+13.4 percentage points), income-producing real estate 17.1% (+0.3 percentage points), Other 20.2% (+0.1 percentage points), and プレサンス 25.9% (+3.3 percentage points)| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending September 2026 |
| Net Sales | ¥689,176 million (YoY +7.1%) |
| Operating profit | ¥84,398 million (YoY +14.4%) |
| Ordinary income | ¥81,459 million (YoY +13.8%) |
| Net income | ¥57,017 million (YoY +22.4%) |
| Gross profit | Disclosed by segment: detached-house-related 17.8% (+0.6 percentage points year on year), condominiums 29.5% (+13.4 percentage points), income-producing real estate 17.1% (+0.3 percentage points), Other 20.2% (+0.1 percentage points), and プレサンス 25.9% (+3.3 percentage points) |
| Operating profit margin | Consolidated: 12.2% (+0.7 percentage points year on year). Detached-house-related 11.3% (0.0 percentage points), condominiums 17.1% (a loss in the year-earlier period), income-producing real estate 11.7% (+0.3 percentage points), Other 11.5% (-0.7 percentage points), and プレサンス 14.6% (+1.4 percentage points) |
| Selling, general and administrative expenses | ¥51,221 million |
| Results for the three months of the current quarter | For the three months of the second quarter of the fiscal year ending September 2026, revenue of ¥183,491 million (detached-house-related), ¥17,801 million (condominiums), ¥62,689 million (income-producing real estate), ¥27,338 million (U.S. real estate), and ¥59,907 million (プレサンス), among others, was disclosed. |
| Full-year earnings forecast | Revenue: ¥1,485,000-¥1,500,000 million; operating profit: ¥176,500-¥180,000 million; ordinary profit: ¥167,000-¥170,000 million; net income: ¥116,500-¥118,500 million (upside and downside) |
| Self-assessment against the plan | Exceeded the earnings forecast |
| Segment results | Detached-house-related: revenue ¥382,789 million (105.4%), operating profit ¥43,118 million (105.3%); condominiums: ¥26,067 million (430.0%), ¥4,451 million (the year-earlier period was -¥1,808 million); income-producing real estate: ¥113,401 million (118.1%), ¥13,251 million (121.1%); Other: ¥71,378 million (97.3%), ¥8,175 million (91.3%); プレサンス: ¥97,551 million (91.0%), ¥14,222 million (100.3%) |
| Breakdown of Factors Affecting the Change | Selling, general and administrative expenses: personnel expenses +¥1,044 million, sales commissions +¥506 million, office maintenance expenses +¥48 million, advertising expenses +¥1,488 million, sales promotion expenses -¥19 million, and other expenses +¥3,101 million. Non-operating expenses: interest expense +¥1,543 million, commission fees -¥755 million, and other expenses +¥108 million. |
| Key KPIs | Contracted revenue in the detached-house-related business: 122.9% of the year-earlier period; contracted units for built-for-sale homes in the Tokyo metropolitan area: 3,941; contract price: ¥49.5 million. Condominium units delivered: 480. Income-producing real estate properties delivered: 259; average price: ¥429 million. U.S. real estate properties under management: 6,442; properties delivered: 626. プレサンス units delivered: 1,570. |
| Unit price and quantity metrics | Detached-house-related: 3,941 contracted units; contract price for built-for-sale homes in the Tokyo metropolitan area: ¥49.5 million. Condominiums: 480 units delivered; average price: ¥53.6 million. Income-producing real estate: 259 properties delivered; average price: ¥429 million. U.S. real estate: 626 properties delivered; 6,442 properties under management. プレサンス: 1,570 units delivered. |
| Assumptions Underlying the Business Outlook | Considering the uncertain situation in the Middle East, the full-year forecasts are disclosed as ranges. Specific assumptions for foreign exchange rates, raw material prices, interest rates and other factors are Not disclosed. |
| Medium-term management plan targets | Cumulative net income of ¥310.0-¥312.0 billion for the three fiscal years from the fiscal year ended September 2024 through the fiscal year ending September 2026; equity ratio of 35%; net debt-to-equity ratio of no more than 1.0x; ¥500 billion in growth investments; total payout ratio of at least 40%; and shareholder returns of ¥130 billion |
| Financial targets | Equity ratio of 35% and net debt-to-equity ratio of no more than 1.0x. Actual results: equity ratio of 38.5% and net debt-to-equity ratio of 0.6x |
| Annual Dividend | Annual dividend of ¥200.00 per share. The interim and year-end breakdown is Not disclosed. |
| Payout ratio | Total payout ratio of at least 40% |
| Acquisition of treasury shares | ¥25 billion and 5 million shares; the purchase period is Not disclosed. Cancellation of treasury shares: all 4.002 million shares acquired during the fiscal year. |
| Market Size / Share | プレサンス ranked first outright in the 2025 ranking of condominium units supplied, with 4,524 units supplied. Market trends cited include a wage increase rate of 5.08% and a 33% rise in rents for family-type condominiums in Tokyo's 23 wards over the three and a half years since September 2022. |
| New initiatives | OHD has newly begun apartment development. ZEH-level specifications will be adopted as standard for built-for-sale homes for which building confirmation applications are submitted from April 2026 onward. A health promotion working group has been established. |
Items this document does not state (7)
Progress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookCapital expendituresOrders received and order backlogKey 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.Sales in the detached-house-related business were strong. Considering the uncertain situation in the Middle East, the full-year forecasts are disclosed as ranges.
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