Open House Group (3288) Q2 2026 earnings summary

Executive summary

• Achieved record-high net sales and profit for 2Q FY2026, with net sales up 7.1% YoY to ¥689,176 million, operating profit up 14.4% to ¥84,398 million, and net profit attributable to owners up 22.4% to ¥57,017 million, surpassing profit forecasts.

• Comprehensive income increased 18.9% YoY to ¥64,416 million.

• The group is progressing toward its Three-Year Management Policy (FY2024–FY2026) goals.

• Maintained a strong financial position with a 38.5% equity ratio and net D/E ratio of 0.6x.

• Upward revision of full-year business forecasts due to robust single-family home sales, with guidance provided as a range due to Middle East uncertainties.

Financial highlights

• 2Q FY2026 net sales: ¥689.2 billion (+7.1% YoY); operating profit: ¥84.4 billion (+14.4% YoY); profit attributable to owners: ¥57.0 billion (+22.4% YoY).

• Gross profit increased to ¥135,619 million from ¥118,827 million YoY.

• Basic earnings per share rose to ¥508.59 from ¥400.89 YoY.

• Operating profit margin improved to 12.2% (+0.7pt YoY).

• Annual dividend forecast raised to ¥200/share (+¥22 YoY); share buyback of ¥25 billion planned.

Outlook and guidance

• FY2026 net sales forecast revised to ¥1,485–1,500 billion; operating profit to ¥174.5–180 billion; profit attributable to owners to ¥115.5–118.5 billion.

• Basic earnings per share forecast at ¥1,044.67–1,062.61.

• Three-year cumulative net profit target raised to ¥310–312 billion; total shareholder return ratio of 40%+ maintained.