Developing the remodeling market

「In the domestic business, sales for new-home construction were affected by the decline resulting from weak demand, but renovation-related sales grew substantially following the implementation of large-scale government subsidy programs and sales initiatives.」

「To further enhance synergies among businesses in the growing renovation market and demonstrate the strengths unique to a company offering a broad range of products, we established the Living Business Division and built a structure that enables comprehensive product proposals, while also working to generate synergies in manufacturing.」

「Revenue for the current interim consolidated accounting period reflected the expansion of renovation-related sales in the domestic business through a large-scale subsidy program and sales initiatives, as well as the realization of the effects of price revisions. However, sales for new-home construction were heavily affected by the decline in new housing starts resulting from weak demand.」

「Although new-home starts in the domestic business remained at low levels, renovation demand was successfully captured, aided in part by government subsidies supporting upgrades to high-performance, energy-saving windows, making renovations a key driver of profit.」

「The government-led Advanced Window Renovation Project, a large-scale residential energy-saving support program, created substantial demand in the window renovation market, particularly for insulation products, through the use of its subsidy scheme. The program has also been confirmed to continue in the following fiscal year on an expanded scale.」

「In the domestic business, we improved profitability through the effects of strategically implemented price revisions and demand for renovations involving high-performance windows. Demand for high-performance windows is expected to continue increasing.」

「Meanwhile, in the domestic business, renovation demand for high-performance windows remained strong, supported in part by government subsidies, and renovation sales offset the impact of weak new-home demand.」

「By expanding the renovation product range, previously centered on plumbing products, to include insulation upgrades such as windows and walls, we will strengthen our efforts to capture growing renovation demand.」

「In the overseas business, we will achieve stable supply by continuing to build a flexible supply chain and work to improve profit margins through expanded sales of strategic products.」

「Domestic sales of remodeling-related products are also steadily expanding.」

「Domestic business revenue declined slightly, by 2% year on year, due in part to the sale of a subsidiary during the previous consolidated fiscal year. However, as products that enhance touchless operation and comfort continued to perform solidly amid growing interest in hygiene and strong remodeling demand, revenue increased 1% on a like-for-like basis excluding the effect of the sale. Remodeling products’ share of sales also increased 2.7 percentage points year on year to 40%.」

「Domestic business revenue declined slightly, by 2% year on year, due in part to the sale of a subsidiary during the previous consolidated fiscal year. Excluding the effect of the sale, revenue increased 2% on a like-for-like basis against a backdrop of strong remodeling demand. Remodeling products’ share of sales also increased 3.7 percentage points year on year to 40%.」

「Domestic business revenue declined slightly, by 1% year on year, due in part to the sale of a subsidiary during the previous consolidated fiscal year. Excluding the effect of the sale, revenue increased 2% on a like-for-like basis, supported by strong remodeling demand. In particular, remodeling products’ share of sales increased 5.0 percentage points year on year to 41%.」

「In the Housing Technology business, in addition to the benefits of improved production efficiency accompanying progress toward platformization and improved gross margins resulting from the higher proportion of remodeling sales, the containment of selling, general and administrative expenses also contributed」

「In the distribution and retail business, although existing-store sales were affected by factors including poor weather and the reaction following the consumption tax increase, the effect of opening 5 new Super Viva Home stores during the first 9 months of the current fiscal year, together with continued solid growth in remodeling-related sales, contributed to performance」

「The residential remodeling market has continued to grow steadily since the second half of the previous fiscal year.」

「To address these circumstances, we are strengthening our remodeling strategy and developing products suitable for overseas expansion.」

「Although the remodeling market is expected to expand in the future, it is necessary to address structural issues such as shortages of skilled contractors and stimulate new remodeling demand. We are promoting measures including expanding remodeling products that can improve housing performance with less installation work and shorter construction times, and strengthening our service delivery structure.」

「Through the promotion of new services, including “LIXIL PATTO Remodeling,” we will eliminate end users’ concerns about remodeling and create new remodeling demand in Japan.」

「Through the promotion of new services, including “LIXIL PATTO Remodeling,” we will eliminate end users’ concerns about remodeling and create new remodeling demand in Japan.」

「Specifically, in addition to expanding our focus on the remodeling market as a domestic growth business, we have steadily pursued further business-efficiency improvements in existing domestic businesses and maximized group-wide synergies in the overseas business.」

「The LIXIL Group has steadily implemented measures based on the basic policies of its medium-term management VISION: business innovation in domestic growth businesses, transforming the overseas business into a global enterprise, and structural reform of existing domestic businesses.」

「We have steadily implemented measures based on the basic policies of our medium-term management VISION: business innovation in domestic growth businesses, transforming the overseas business into a global enterprise, and structural reform of existing domestic businesses.」

「The LIXIL Group is focusing on developing the remodeling market and expanding its global business in order to achieve revenue growth accompanied by improved management efficiency」