Daiwa HouseDAIWA HOUSE INDUSTRY CO., LTD.1925東証プライム建設業FY ending Mar 2026, consolidated, J-GAAP

Daiwa House FY ending Mar 2026 results

About 26% of Daiwa House's sales come from Rental Housing, with Single-Family Houses and Commercial Facilities making up much of the rest.

Out of every ¥100 of sales, about ¥11 is left as operating profit.

Revenue changed +2.6% from the prior year, operating profit +12.6%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +2.6% · profit +12.6%, calculated from disclosed figures.

Operating leverage: 4.80× (profit growth ÷ revenue growth)

FY ending Mar 2025 → FY ending Mar 2026

Revenue for FY ending Mar 2026 was ¥5.58T, up +2.6% from ¥5.43T a year earlier.
Profit grew faster than revenue: operating income rose +12.6% to ¥614.9B, and net income attributable to owners rose +7.8% to ¥350.6B.
Cash flow went the other way. Operating cash flow fell -55.0% to ¥189.3B, and free cash flow swung from ¥38.8B to -¥304.6B.

Detached homes did well: more custom and ready-built homes were sold in Japan, US sales grew, and a large land sale added to profit
In commercial facilities, the company sold properties it had developed on its own land and resold business buildings it had bought, lifting both revenue and profit
Operating income includes a gain from amortizing actuarial differences on retirement benefits. Logistics and business facilities saw lower revenue and profit because fewer development properties were sold
Operating cash flow fell because the company bought real estate for sale and paid income taxes; free cash flow turned negative due to purchases of large logistics and commercial properties and the acquisition of Sumitomo Densetsu

The company says higher interest rates could weaken demand from mortgage borrowers and raise its own interest costs
Real estate makes up more than half of total assets, which the company itself sees as exposure to falling property prices
Overseas uncertainty, including the Middle East situation and tariff policy, has grown, and the company has postponed announcing its next medium-term plan

Annual Securities Report (FY ending Mar 2026) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (FY ending Mar 2026) / 事業等のリスク

FY ending Mar 2025 → FY ending Mar 2026

For every ¥100 Daiwa House sells, how much goes where, and how much is kept.

FY ending Mar 2026

Gross margin22.3%

Operating margin11.0%

Net margin6.3%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Rental Housing¥1.43T
26%
Op. margin 9.9%Industry: Real Estate Brokerage & Management
Single-Family Houses¥1.33T
24%
Op. margin 11.7%Industry: Homebuilders
Commercial Facilities¥1.28T
23%
Op. margin 12.7%Industry: Real Estate Development & Leasing
Logistics, Business and Corporate Facilities¥1.15T
21%
Op. margin 11.1%Industry: General Contractors
Condominiums¥271.5B
5%
Op. margin 2.2%Industry: Condominium Developers
Environment and Energy¥87B
2%
Op. margin 15.9%Industry: Plant Engineering & Building Services
Other¥28.1B
1%
Op. margin 14.9%

※ Segment figures include inter-segment sales and do not sum to the company total

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第87期(2025/04/01－2026/03/31)
ID S100YAZ52026-06-17Open
EDINET (FSA Japan)
有価証券報告書－第86期(2024/04/01－2025/03/31)
ID S100VZ3Z2025-06-20Open
EDINET (FSA Japan)
有価証券報告書－第85期(2023/04/01－2024/03/31)
ID S100TNYH2024-06-27Open
EDINET (FSA Japan)
有価証券報告書－第84期(2022/04/01－2023/03/31)
ID S100R8MF2023-06-29Open
EDINET (FSA Japan)
有価証券報告書－第83期(令和3年4月1日－令和4年3月31日)
ID S100O9BA2022-06-29Open
EDINET (FSA Japan)
有価証券報告書－第82期(令和2年4月1日－令和3年3月31日)
ID S100LKT42021-06-29Open

Extracted from XBRL: 54 / Derived from other figures: 2

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