Daiwa House Industry raised its earnings forecast for the fiscal year ending March 2027 and indicated that revenue was expected to exceed ¥6 trillion for the first time. Revenue increased in all businesses in the first half, supporting the prospect of exceeding ¥6 trillion.
Daiwa House Industry raised its earnings forecast for the fiscal year ending March 2027 from the previous forecast, setting revenue at ¥6.15 trillion, up 10.3% year on year. As it targets the ¥6 trillion milestone, the company decided to raise its forecast beyond the previous outlook.
In its interim results announced at the same time, revenue rose 10.7% year on year to ¥2.9126 trillion and net income increased 9% to ¥150.1 billion, confirming the strong first-half performance. The effect of making Semlinks, formerly Sumitomo Densetsu, a wholly owned subsidiary in March also reportedly contributed.
The new forecast puts net income at ¥287.0 billion, ¥21.0 billion above the previous forecast. Although this would be lower than the previous year, net income is expected to be effectively higher than the previous year excluding acquisition costs.