	2025	2026	2027	2028	2029
Revenue	5,362,264	5,522,849	5,778,265	5,877,000	5,948,000
Dividend	150.50	167.94	188.77	203.50	196.00
Dividend Yield (in %)	3.11 %	3.47 %	3.90 %	4.20 %	4.05 %
EPS	441.46	483.59	547.07	597.60	558.80
P/E Ratio	10.97	10.02	8.85	8.11	8.67
EBIT	442,359	465,933	507,028	521,400	538,100
EBITDA	569,336	594,927	638,192	-	-
Net Profit	275,354	296,678	330,991	354,250	330,700
Net Profit Adjusted	273,208	286,239	322,361	-	-
Pre-Tax Profit	412,052	435,070	476,975	492,750	508,700
Pre-Tax Profit Reported	416,238	444,275	490,779	516,750	513,700
EPS (Non-GAAP) ex. SOE	-	-	-	-	-
EPS (GAAP)	438.14	470.15	540.37	-	-
Gross Income	1,022,950	1,051,800	1,103,800	1,110,500	1,154,000
Cash Flow from Investing	-246,718	-319,661	-312,363	-183,468	-253,754
Cash Flow from Operations	360,849	351,826	365,293	356,350	426,900
Cash Flow from Financing	-88,124	-90,131	-93,138	-151,733	-144,646
Cash Flow per Share	521.50	601.87	696.33	-	-
Free Cash Flow	96,200	-106,933	-79,700	183,000	-
Free Cash Flow per Share	-92.95	-123.85	-125.45	273.20	294.60
Book Value per Share	4,096.43	4,429.96	4,784.94	5,172.60	5,386.40
Net Debt	1,740,606	1,812,385	1,893,182	1,925,371	1,859,795
Research & Development Exp.	-	-	-	-	-
Capital Expenditure	388,601	460,267	490,267	525,000	450,000
Selling, General & Admin. Exp.	536,900	544,433	556,500	589,100	615,900
Shareholder’s Equity	2,476,111	2,654,508	2,857,262	3,007,438	3,273,676
Total Assets	6,858,271	7,066,176	7,322,949	7,619,614	7,811,527

	Previous Quarter ending 09/30/24	Current Quarter ending 12/31/24	Next Quarter ending 03/31/25	Current Year ending 03/31/25	Next Year ending 03/31/26
Earnings Estimates
No. of Analysts	-	3	3	10	10
Average Estimate	-	83.092 JPY	104.101 JPY	441.464 JPY	483.595 JPY
Year Ago	-	94.050 JPY	128.030 JPY	457.156 JPY	-
Publish Date	-	2/6/2026	5/9/2025	-	-
Revenue Estimates
No. of Analysts	-	3	3	10	10
Average Estimate	-	1,236,048 JPY	1,490,369 JPY	5,362,264 JPY	5,522,849 JPY
Year Ago	-	1,211,637 JPY	1,446,455 JPY	5,202,919 JPY	-
Publish Date	-	2/6/2026	5/9/2025	-	-

* Average Estimates in Million (e.g. Revenue) or per share (e.g. Dividend). Source: FactSet

Income Statements in Mio. JPY

	2024	2023	2022	2021	2020	2019	2018
Sales	5,202,919.00	4,908,199.00	4,439,536.00	4,126,769.00	4,380,209.00	4,143,505.00	3,795,992.00
Change of sales in %	6.00	10.56	7.58	-5.79	5.71	9.15	8.06
Gross profit on sales	975,705.00	938,264.00	851,802.00	816,288.00	859,399.00	832,879.00	785,179.00
Gross profit on sales change in %	3.99	10.15	4.35	-5.02	3.18	6.08	10.10
Operating income	440,158.00	464,522.00	381,623.00	351,076.00	379,454.00	371,101.00	344,212.00
Operating income change in %	-5.24	21.72	8.70	-7.48	2.25	7.81	13.49
Income before tax	455,834.00	440,496.00	353,300.00	311,210.00	349,683.00	352,230.00	346,315.00
Income before tax change in %	3.48	24.68	13.52	-11.00	-0.72	1.71	17.45
Income after tax	298,753.00	308,400.00	225,272.00	195,076.00	233,603.00	237,439.00	236,357.00
Income after tax change in %	-3.13	36.90	15.48	-16.49	-1.62	0.46	17.18

Balance Sheet in Mio. JPY

	2024	2023	2022	2021	2020	2019	2018
Total liabilities	4,009,956.00	3,753,149.00	3,410,273.00	3,159,543.00	2,853,997.00	2,690,316.00	2,521,683.00
Long-term liabilities per share	3,873.82	3,378.96	2,997.98	2,874.62	2,344.42	1,941.04	1,990.71
Equity	2,523,762.00	2,388,914.00	2,111,385.00	1,893,504.00	1,773,388.00	1,643,717.00	1,513,585.00
Equity change in %	6.73	13.07	10.07	6.26	8.21	8.24	12.71
Balance sheet total	6,533,718.00	6,142,063.00	5,521,658.00	5,053,047.00	4,627,385.00	4,334,033.00	4,035,268.00
Balance sheet total change in %	6.38	11.24	9.27	9.20	6.77	7.40	13.48

Key Data in JPY

	2024	2023	2022	2021	2020	2019	2018
Sales per share	7,961.61	7,466.03	6,775.86	6,286.71	6,595.65	6,231.49	5,715.22
P/E ratio (year end quote, basic EPS)	9.90	6.64	9.31	10.91	7.61	9.85	11.52
P/E ratio (year end quote, diluted EPS)	9.90	6.64	9.31	10.91	7.61	9.85	11.52
P/E ratio (year end quote)	9.90	6.64	9.31	10.91	7.61	9.85	11.52
Dividend yield in %	3.16	4.17	3.94	3.58	4.30	3.24	2.61
Equity ratio in %	38.63	38.89	38.24	37.47	38.32	37.93	37.51
Debt ratio in %	61.37	61.11	61.76	62.53	61.68	62.07	62.49

Daiwa House Industry Dividend Calendar

Date	Name	Dividend	*yield	Currency
2024	Daiwa House Industry Co. Ltd.	143.00	3.16	JPY
2023	Daiwa House Industry Co. Ltd.	130.00	4.17	JPY
2022	Daiwa House Industry Co. Ltd.	126.00	3.94	JPY
2021	Daiwa House Industry Co. Ltd.	116.00	3.58	JPY
2020	Daiwa House Industry Co. Ltd.	115.00	4.30	JPY
2019	Daiwa House Industry Co. Ltd.	114.00	3.24	JPY
2018	Daiwa House Industry Co. Ltd.	107.00	2.61	JPY
2017	Daiwa House Industry Co. Ltd.	92.00	2.88	JPY
2016	Daiwa House Industry Co. Ltd.	80.00	2.53	JPY
2015	Daiwa House Industry Co. Ltd.	60.00	2.53	JPY
2014	Daiwa House Industry Co. Ltd.	50.00	2.86	JPY
2013	Daiwa House Industry Co. Ltd.	35.00	1.92	JPY
2012	Daiwa House Industry Co. Ltd.	25.00	2.29	JPY
2011	Daiwa House Industry Co. Ltd.	20.00	1.96	JPY
2010	Daiwa House Industry Co. Ltd.	17.00	1.61	JPY
2009	Daiwa House Industry Co. Ltd.	24.00	3.03	JPY

*Yield of the Respective Date

Daiwa House Industry Calendar

Event	Estimate	Info	Date
Earnings Report	94.050 JPY	Q3 2024 Earnings Release	02/13/2025
Earnings Report	104.101 JPY	Q4 2025 Earnings Release	05/09/2025
Earnings Report	142.840 JPY	Q1 2025 Earnings Release	08/12/2025
Earnings Report	101.900 JPY	Q2 2025 Earnings Release	11/07/2025
Earnings Report	83.092 JPY	Q3 2025 Earnings Release	02/06/2026

Daiwa House Industry Past Events

Event	Actual EPS	Info	Date
Earnings Report	143.780 JPY	Q2 2024 Earnings Release	11/12/2024
Earnings Report	91.140 JPY	Q1 2024 Earnings Release	08/07/2024
Annual General Meeting	-	Annual General Meeting	06/27/2024
Earnings Report	215.730 JPY	Q4 2023 Earnings Release	05/10/2024
Earnings Report	91.470 JPY	Q3 2023 Earnings Release	02/09/2024
Earnings Report	105.800 JPY	Q2 2023 Earnings Release	11/10/2023
Earnings Report	55.720 JPY	Q1 2023 Earnings Release	08/07/2023
Annual General Meeting	-	Annual General Meeting	06/29/2023
Earnings Report	88.140 JPY	Q4 2022 Earnings Release	05/12/2023
Earnings Report	91.400 JPY	Q3 2022 Earnings Release	02/10/2023
Earnings Report	105.300 JPY	Q2 2022 Earnings Release	11/10/2022
Earnings Report	58.940 JPY	Q1 2022 Earnings Release	08/09/2022
Annual General Meeting	-	Annual General Meeting	06/29/2022
Earnings Report	60.850 JPY	Q4 2021 Earnings Release	05/13/2022
Earnings Report	97.760 JPY	Q3 2021 Earnings Release	02/10/2022

Daiwa House Industry Profile

Daiwa House Industry Co. , Ltd. engages in the provision of construction and real estate services. It operates through the following segments: Single-family Houses, Rental Housing, Condominiums, Existing Home Business, Commercial Facilities, Business and Corporate Facilities, and Other Businesses. The Single-family Houses segment sells single-family residences including house and lot packages. The Rental Housing segment comprises of rental housing development, construction, management, and operation as well as real estate agency services. The Condominiums segment develops, sells, and manages condominiums. The Existing Home Business segment offers renovation and real estate agency services.

Moody’s Daily Credit Risk Score

Risk

Low
Medium
High

Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure.

Daiwa House Industry Shareholder

Owner	in %
Freefloat	79.22
Nomura Asset Management Co., Ltd.	5.84
Daiwa House Industry Co., Ltd.	4.67
BlackRock Fund Advisors	3.22
Sumitomo Mitsui Trust Asset Management Co., Ltd.	3.05
Nomura Asset NEXT FUNDS TOPIX ETF (1306)	2.62
Nikko Asset Management Co., Ltd.	2.36
Daiwa House Industry Employee Stock Ownership Plan	2.19
Sumitomo Mitsui Financial Group, Inc.	1.96
BlackRock Japan Co. Ltd.	1.95
Nippon Life Insurance Co.	1.81
Government Pension Fund - Global (The)	1.57
Nomura Asset NEXT FUNDS NIKKEI 225 ETF (1321)	1.34
Nikko Asset Listed Index TOPIX ETF (1308)	1.26
Vanguard Total International Stock Index Fund	1.25

Shareholder percentage totals can add to more than 100% because some holders are included in the free float.

Daiwa House Industry Management

Name	Job
Tomoyuki Nakazato	Auditor
Yoshinori Hashimoto	Auditor
Tadatoshi Maeda	Auditor
Takeshi Kousokabe	CFO, Representative Director & GM-Administration
Jun Yamamura	Chief Business Development
Nobuhito Ishibashi	Deputy Head-Sales Promotion
Keisuke Shimonishi	Director & Managing Executive Officer
Toshiya Nagase	Director & Managing Executive Officer
Hirotsugu Otomo	Director & Managing Executive Officer
Tatsuya Urakawa	Director & Managing Executive Officer
Nobuya Ichiki	Director & Managing Executive Officer
Yoshinori Ariyoshi	Director, GM-Legal Compliance & Quality Assurance
Norio Togashi	Executive Officer & Head-Apartment Business
Masataka Kanai	Executive Officer & Head-Secretariat
Yukinori Kuwano	Independent Outside Director
Yujiro Ito	Independent Outside Director
Miwa Seki	Independent Outside Director
Kazuhiro Yoshizawa	Independent Outside Director
Toru Aoki	Manager-Business Development Department
Masatoshi Hatta	Manager-Legal Affairs & Compliance Promotion
Toshiki Tanaka	Manager-Tokyo Headquarters Personnel
Eiichi Shibata	Managing Executive Officer
Koji Harano	Managing Executive Officer
Junko Ishijima	Managing Executive Officer & Head-Personnel
Yuji Yamada	Managing Executive Officer & Manager-IR Office
Tetsuya Tamura	Non-Executive Director
Tomokazu Nanbu	Outside Director
Tomomi Fukumoto	Outside Director
Keiichi Yoshii	President, CEO & Representative Director
Yoshiyuki Murata	Representative Director, VP & Senior GM-Technology
Hirotaka Najima	Senior Executive Officer
Shigeki Ochiai	Senior Executive Officer & Head-Sales Promotion