Worth reading
77Important
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
20
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter (interim period) of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,119 million+9.7%
Operating profit¥901 million+20.0%
Ordinary income¥910 million+20.2%
Net income¥608 million+18.6%
Operating profit margin21.9
Results for the three months of the current quarterThe number of loans executed in the housing finance business was down 16.0% versus the standalone second quarter of the previous fiscal year, the number of insurance policies and other documents issued was up 5.3%, and the indicator for the Housing Acade Meia (housing education) business was up 11.9%. The standalone amount for the quarter in financial figures was Not disclosed.
Full-year earnings forecast
Operating revenue
¥8,200 million
Operating profit
¥1,340 million
Ordinary income
¥1,346 million
Net income for the current fiscal year
¥910 million
Housing Finance Business operating revenue
¥3,800 million
Housing Defect Insurance and Related Services Business operating revenue
¥3,501 million
Housing AcadeMeia Business operating revenue
¥897 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。The disclosure states that progress rates were provided for operating revenue, operating profit, ordinary profit, and net income attributable to owners of the parent, based on cumulative second-quarter results against the full-year forecast for the fiscal year ending March 2027, but the figures themselves were Not disclosed.
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Tracking steadily against the forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating revenue
Year-on-year increase
¥363 million
Operating profit
Year-on-year increase
¥150 million
Cost of sales—Housing Finance BusinessOperating costs, including funding costs, increased 53.3% year on year
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Qualitative assumptions include prolonged higher interest rates, persistent inflation, higher mortgage rates, and a deterioration in the environment for home purchases. Numerical assumptions were Not disclosed.New initiatives
- From the fiscal year ending March 2028, the business of 住宅技術協議会 will change to ハウスジーメン.
- Development of DX solutions aimed at creating a one-stop process for building confirmation applications and defect insurance
- An open-book platform for separately procuring materials and labor using BIM and BaaS
- Concept for a consumer-to-consumer matching platform for existing homes
- Strengthening alliances through corporate partnerships and joint participation with nonprofit organizations
Key KPIsA metric the company considers important as a management benchmark.
- Number of loans executed in the housing finance businessDown 16.0% versus the standalone second quarter of the previous fiscal year; up 3.0% versus the cumulative second quarter of the previous fiscal yearYear on year against the same period last yearStandalone: down 16.0%; cumulative: up 3.0%
- Number of insurance policies and other documents issued in the housing defect insurance and related businessesUp 5.3% versus the standalone second quarter of the previous fiscal year; up 5.7% versus the cumulative second quarter of the previous fiscal yearYear on year against the same period last yearStandalone: up 5.3%; cumulative: up 5.7%
- Number of Housing Academeia business transactionsUp 11.9% versus the standalone second quarter of the previous fiscal year; up 5.5% versus the cumulative second quarter of the previous fiscal yearYear on year against the same period last yearStandalone: up 11.9%; cumulative: up 5.5%
- Loan amounts driven by higher home pricesDown 0.6% versus the standalone second quarter of the previous fiscal year; up 14.0% versus the cumulative second quarter of the previous fiscal yearYear on year against the same period last yearStandalone: down 0.6%; cumulative: up 14.0%
- Higher average unit price indicator for the Housing Acade Meia (housing education) businessUp 0.3% versus the standalone second quarter of the previous fiscal year; up 5.5% versus the cumulative second quarter of the previous fiscal yearYear on year against the same period last yearStandalone: up 0.3%; cumulative: up 5.5%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Loan amounts driven by higher home prices, the number of loans executed, the number of insurance policies and other documents issued, and the number of transactions in the Housing Acade Meia (housing education) business are provided, but the breakdown into customer unit price and average unit price was Not disclosed.Segment results
Housing Finance business
Operating revenue
¥1,965 million+9.6%
Operating profit
¥566 million+9.2%
Housing Defect Insurance and Related Services business
Operating revenue
¥1,715 million+5.0%
Operating profit
¥229 million+28.3%
Housing Academeia business
Operating revenue
¥437 million+33.6%
Operating profit
¥105 million+95.4%
Market Size / Share
The mortgage market is valued at approximately ¥22 trillion. The number of existing-home transactions has surpassed 60,000.Annual Dividend
Annual dividend per share
¥30
Payout ratio
48.4 %
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥4,119 million (YoY +9.7%) |
| Operating profit | ¥901 million (YoY +20.0%) |
| Ordinary income | ¥910 million (YoY +20.2%) |
| Net income | ¥608 million (YoY +18.6%) |
| Operating profit margin | 21.9 |
| Results for the three months of the current quarter | The number of loans executed in the housing finance business was down 16.0% versus the standalone second quarter of the previous fiscal year, the number of insurance policies and other documents issued was up 5.3%, and the indicator for the Housing Acade Meia (housing education) business was up 11.9%. The standalone amount for the quarter in financial figures was Not disclosed. |
| Full-year earnings forecast | Operating revenue ¥8,200 million / Operating profit ¥1,340 million / Ordinary income ¥1,346 million / Net income for the current fiscal year ¥910 million / Housing Finance Business operating revenue ¥3,800 million / Housing Defect Insurance and Related Services Business operating revenue ¥3,501 million / Housing AcadeMeia Business operating revenue ¥897 million |
| Progress against full-year forecast | The disclosure states that progress rates were provided for operating revenue, operating profit, ordinary profit, and net income attributable to owners of the parent, based on cumulative second-quarter results against the full-year forecast for the fiscal year ending March 2027, but the figures themselves were Not disclosed. |
| Self-assessment against the plan | Tracking steadily against the forecast |
| Segment results | Housing Finance business Operating revenue ¥1,965 million (YoY +9.6%) / Operating profit ¥566 million (YoY +9.2%) / Housing Defect Insurance and Related Services business Operating revenue ¥1,715 million (YoY +5.0%) / Operating profit ¥229 million (YoY +28.3%) / Housing Academeia business Operating revenue ¥437 million (YoY +33.6%) / Operating profit ¥105 million (YoY +95.4%) |
| Breakdown of Factors Affecting the Change | Operating revenue Year-on-year increase ¥363 million / Operating profit Year-on-year increase ¥150 million / Cost of sales—Housing Finance Business Operating costs, including funding costs, increased 53.3% year on year |
| Key KPIs | Indicator name Number of loans executed in the housing finance business / Value Down 16.0% versus the standalone second quarter of the previous fiscal year; up 3.0% versus the cumulative second quarter of the previous fiscal year / Year on year against the same period last year Standalone: down 16.0%; cumulative: up 3.0%, Indicator name Number of insurance policies and other documents issued in the housing defect insurance and related businesses / Value Up 5.3% versus the standalone second quarter of the previous fiscal year; up 5.7% versus the cumulative second quarter of the previous fiscal year / Year on year against the same period last year Standalone: up 5.3%; cumulative: up 5.7%, Indicator name Number of Housing Academeia business transactions / Value Up 11.9% versus the standalone second quarter of the previous fiscal year; up 5.5% versus the cumulative second quarter of the previous fiscal year / Year on year against the same period last year Standalone: up 11.9%; cumulative: up 5.5%, Indicator name Loan amounts driven by higher home prices / Value Down 0.6% versus the standalone second quarter of the previous fiscal year; up 14.0% versus the cumulative second quarter of the previous fiscal year / Year on year against the same period last year Standalone: down 0.6%; cumulative: up 14.0%, Indicator name Higher average unit price indicator for the Housing Acade Meia (housing education) business / Value Up 0.3% versus the standalone second quarter of the previous fiscal year; up 5.5% versus the cumulative second quarter of the previous fiscal year / Year on year against the same period last year Standalone: up 0.3%; cumulative: up 5.5% |
| Unit price and quantity metrics | Loan amounts driven by higher home prices, the number of loans executed, the number of insurance policies and other documents issued, and the number of transactions in the Housing Acade Meia (housing education) business are provided, but the breakdown into customer unit price and average unit price was Not disclosed. |
| Assumptions Underlying the Business Outlook | Qualitative assumptions include prolonged higher interest rates, persistent inflation, higher mortgage rates, and a deterioration in the environment for home purchases. Numerical assumptions were Not disclosed. |
| Annual Dividend | Annual dividend per share ¥30 / Breakdown Not disclosed |
| Payout ratio | 48.4 % |
| Market Size / Share | The mortgage market is valued at approximately ¥22 trillion. The number of existing-home transactions has surpassed 60,000. |
| New initiatives | From the fiscal year ending March 2028, the business of 住宅技術協議会 will change to ハウスジーメン., Development of DX solutions aimed at creating a one-stop process for building confirmation applications and defect insurance, An open-book platform for separately procuring materials and labor using BIM and BaaS, Concept for a consumer-to-consumer matching platform for existing homes, Strengthening alliances through corporate partnerships and joint participation with nonprofit organizations |
Items this document does not state (11)
Gross Profit MarginSelling, general and administrative expensesNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital 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.The company said that it absorbed earnings volatility through product and service diversification and cross-selling, while higher home prices increased loan amounts, cross-selling and services for existing homes expanded in the housing defect insurance and related businesses, and cross-selling and related cost reductions in the Housing Acade Meia (housing education) business contributed to the increase in profit. Meanwhile, operating costs, including funding costs, rose 53.3% year on year due to higher interest rates.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.