Daiwa House Industry : Nov. 17, 2025 Presentation Material

‌FUTURE LANDSCAPE :

EMBLACING THE JOYS OF LIFE.

Creating the fundamental societal infrastructure and lifestyle culture rooted in regeneration, ensuring a world where we live together in harmony embracing the Joys of Life.

FY 2025	２Q
Presenta	tion	on	Management	Policies

November 17, 2025

Daiwa House Industry Co., Ltd. Code No: 1925 (Prime market of the Tokyo Stock Exchange)

‌Index

• The Progress of the 7th Medium-Term Management Plan P.3
• The Positioning of the 8th Medium-Term Management Plan P.4
• M&A Initiatives of Sumitomo Densetsu P.5ー7
• Progress and Expansion Strategy of U.S. Business P.8
• Progress and Expansion Strategy of Europe Business P.9 Appendix
  
  
• Capital Policy and Shareholder Return
• Status of Livness Business
• Housing Solutions (Topics)
• Business Solutions (Topics)
• Human Capital Indicators
• Carbon Neutral Indicators

‌The Progress of the 7th Medium-Term Management Plan

Achieved results exceeding all medium-term management plans formulated in the past.

600

400

200

0

(200)

(400)

(600)

Steady progress toward achieving the 7th Mid-Term Plan one year ahead of schedule.

Comparison of plans and results of each Medium-Term Management Plan*1

7,000

（億円 ）

[Net sales]

510.0 500.0

[OP income]

（¥billion）

600

（¥billion）

6,000

5,000

Results for OP income Plans for OP income*2

243.1

369.1

332.2

5,600.0 5,500.0

400

4,000

3,000

2,000

1,000

0

89.1

1,700.0 1,709.2

Net sales plans

*2

Net sales results

87.6

1,610.0 1,690.1

128.0

2,000.0 2,007.9

3,192.9

2,800.0

4,143.5

3,700.0

4,300.0 4,439.5

200

0

Results

1st Plan FY2007

2nd Plan FY2010

3rd Plan FY2012

4th Plan FY2015

5th Plan FY2018

6th Plan FY2021

FY2025 7th Plan FY2026

（Revised Forecasts）（Initial Plan）

Expected to be achieved

(Global financial crisis) (One year ahead) (COVID-19)

*1 The figures on the graph show sales on the left axis (plans and results) and operating income on the right axis (results excluding the impact of actuarial differences); FY2025 and FY2026 are plans.

‌The Positioning of the 8th Medium-Term Management Plan

An evolutionary extension of our 7th Mid-Term Plan, the 8th Plan will be

Centennial

¥10 trillion

in sales

a major milestone towards ¥10 trillion in sales by our FY2055 centennial

1. th Plan

   Expand business and sales

2. th Plan

   ーFY2021

3. th Plan

   Reform in organizational structure

Complete a sustainable growth model

To be completed one year ahead of schedule

FY2022ーFY2025

1. th Plan

Under formulation

Scheduled for release in May 2026

FY2026ー

ーFY2055

‌M&A Initiatives of Sumitomo Densetsu Upcoming Schedule We are currently conducting our largest-ever tender offer for the shares of Sumitomo Densetsu Co., Ltd., aiming to make it a consolidated subsidiary by late March 2026.

Current status

Announcement of scheduled commencement of tender offer

(TOB disclosure)

Commencement

of tender offer

End of

tender offer

Completion of acquisition (Sumitomo Densetsu to become a wholly-owned subsidiary)

Announcement of Daiwa House Group's 8th

Mid-Term Plan

October 30

October 31ー

December 15 (scheduled)

Late March 2026 (scheduled)

May 2026

(scheduled)

‌Post-Merger Management Policies

Growth rate

As with our previous post-merger management policies, we will actively support Sumitomo Densetsu's autonomous management and strive for further growth Net sales comparison for major M&A companies

Effective support for growth enhances results at companies that have joined the Group （¥billion）

Sumitomo Densetsu's Growth Vision

Daiwa LifeNext (Former: Cosmos Life) Joined the Group in September 2009	FY2010 32.4 4.3 times FY2024 138.1
Fujita Joined the Group in January 2013	FY2013 300.6 1.9 times FY2024 572.8
Total of the three US single-family housing subsidiaries Feb. 2017: Stanley Martin Jan. 2020: Trumark Sep. 2021: CastleRock joined the Group	FY2018 84.7 7.2 times FY2024 607.8

We aim to expand Sumitomo Densetsu's business performance by proactively promoting growth investments and strengthening sales collaboration.

Net sales Ordinary income

（¥billion）

218.0

270.0

(210.0)

185.5

203.6

22.3

23.0

13.5

18.9

(19.0)

FY2023

FY2024

FY2025

FY2028

FY2029－

Upper: Revised plan (Lower: Initial plan)

Mid-Term *1

Plan

‌How the Group Grows through M&A Leverage Group's foundations to create synergies, extend business scope

Add needed expertise and human capital to solidify position as a tech powerhouse

• Housemaker+general construction company+developer

  triplets deliver sales of ¥5.4 trillion *1

• Establishing a management foundation with overseas sales

  of over ¥900 billion *1

• Aggressive orders received for data centers and semiconductor-related plants in recent years

• Still unable to completely cover needs in electrical,

HVAC*², and comms system engineering

Current status of Daiwa House Group

• Orders, sales and ordinary income reached

  record highs *1

• Operating in Southeast Asia overseas (with 17% of sales generated abroad*1), aiming for further growth

• Aim to expand General Electrical and Info & Comms businesses

Current status of Sumitomo Densetsu

Post-Merger

• Draw on Group's business foundations to grow businesses and acquire new business opportunities

• Boost ability to meet needs for larger and more-sophisticated properties to

up the pace of solidifying Group's position as a technological powerhouse

*1 Results for FY2024

‌Progress and Expansion Strategy of U.S. Single-Family Houses Business

In addition to the number of units delivered as of the 2Q, current orders are also up year-on-year.

Continuing to build growth through M&A and collaboration with Alliance Residential Company, centered on our three US subsidiaries

Number of units delivered

Total land holdings *1(lots)

Expansion strategy of U.S. business

in the U.S. （units）

3,172

72,205

• Acquired North Carolina-based Windsor's single-family houses business

  71,496

  +709

  
  
  
  
  
  
  

• Acquired Huntsville, Alabama *3 -based WrEn Homes' single-family houses business and are drawing on its know-how in high-end products to strengthen our position in the replacement market

  2,993

  +6.0%

  
  
  

  FY2024 Results

  （Jan.-Jun.）

  FY2025 Results

  （Jan.-Jun.）

  As of the end of Dec. 31, 2024

  As of the end of Jun. 30, 2025

• Aim to expand business further by entering new markets with growth potential and Group-wide collaboration

2,102

1,534

1,629

Number of orders received by U.S. subsidiaries*2（units）

Jan.-Mar.

Apr.-Jun. July-Sep. Oct.-Dec.

951

803

3,633

1,654

1,729

1,442

1,121

5,946

6,830

1,886

1,966

5,954

（Jan.-Sep.）Trumark

Alliance

Windsor

【Area】 Greensboro, NC

Wilmington

Stanley Martin

980

899

2,016

1,651

• Orders continued to grow steadily, with cumulative Jan.-Sep. FY2025 results 14.5% higher than the previous year.

2022 2023 2024 2025

CastleRock

WrEn

【Area】 Huntsville, Alabama

*1 Including control lots

*2 Net contracted units, excluding bulk sales to institutional investors and cancellations.

*3 Our group's first entry

© Daiwa House Industry Co., Ltd. All rights reserved. 8

‌Progress and Expansion Strategy of Europe Business

Opening a new base in Poland to drive full-scale expansion in Central and Eastern Europe.

Leveraging global recovery expertise to contribute to reconstruction in Eastern Europe.

Expanding into Central and Eastern Europe and supporting reconstruction

• Leverage prefabricated modular construction tech and rich field experience to roll out business in Central and Eastern Europe from Polish base

• Also contributing to reconstruction in Eastern Europe as vendors under indirect-subsidy projects, fostering cooperation with regional

countries and supporting Ukraine's reconstruction *1

【 Plans to expand into Eastern Europe 】

Reference: Construction results for housing for displaced

Amsterdam

Den Haag

Utrecht

Rotterdam

Netherlands

Cardiff, Wales

Supply of approx. 2,800 units (equivalent to approx. 1,400 households) at 31 locations in the Netherlands and Wales

persons in Europe（FY2022-FY2024）

Romania

Austria

Switzerland

France

Liechtenstein

Fürstenwalde

4 Plants

Ukraine

Establishment

of a base in Poland

p

plant in

Germany

Netherlands Head Office &

Base in the U.K.

The

Lithuania Russia

Belarus

Poland

Denmark

United Kingdo50m0kmNeth3er0la0nkdms

Germany

Czech Re

ublic

Slovakia

Belgium

Luxembourg

Hungary

*1 Indirect subsidy project named "Global South Future-Oriented Co-Creation Project Subsidy (Support for Reconstruction of Ukraine and Strengthening Cooperation with Central and Eastern European Countries)."

© Daiwa House Industry Co., Ltd. All rights reserved. 9

‌© Daiwa House Industry Co., Ltd. All rights reserved.

Appendix

‌Capital Policy and Shareholder Return

Investing for sustainable growth, increasing operating cash flow through steady profit growth, and delivering stable shareholder returns

Stable dividend/ Expansion of the shareholder

benefit program

Investment for growth

(Reinvestment with

appropriate financial leverage)

Flexible acquisition of treasury stock

Profit growth Secure CF

Acquired approx.

87.1 billion yen of treasury stock

Acquired approx. 100 billion yen of treasury stock

Annual dividend per share (Yen)

Dividend payout ratio *1

175

*3

143

150

126*2

130

51.5%

36.6%

35.6%

35.1%

37.1%

37.3%

17

FY2009

FY2021 FY2022 FY2023 FY2024 FY2025

Dividend Trends

*1 FY2022 and beyond: The results of dividend payout ratio are calculated excluding the effect of actuarial differences

Expecting 16 Consecutive Years of

Dividend Growth

*2 FY2021: Includes a commemorative dividend of 10 yen for the 100th anniversary of the birth of our founder, Nobuo Ishibashi

*3 FY2025: Includes a commemorative dividend of 10 yen for the 70th anniversary of the Company. The year-end dividend has been increased by 5 yen, from the revised plan in August

(Revised forecasts)

‌Status of Livness Businessー Growth Drivers of Domestic Business

Accelerated the expansion of Biz Livness, achieving the initial targets of the 7th Plan two years ahead of schedule in FY2024.

Further strengthened the scheme to regenerate and resell logistics facilities previously developed and sold,

transforming them into properties with new added value.

BIZ Livness Sales Trend

Housing Field

Single-family houses,

rental housings、

Business Field

Hospitals, commercial facilities, offices, logistics facilities,

Key Focus：Livness business for D Projects

・Leverage our No.1 track record in domestic logistics facility development and strong relationships with tenants to reinforce Livness initiatives for previously sold logistics facilities

(Reference) Cumulative total floor area developed for our domestic logistics facilities (Excluding contracted construction)

Approx. 14.31 million m² 351 buildings*1

condominiums etc.

plants etc.

To a scale of

¥1 trillion

the scheme works＞

③Resale

Daiwa

Renovation/Tenant Leasing

①Sale

Tenant Leasing

Corporations,

House Group

Funds,

REIT hers

s and ot

Daiwa House REIT Investment

Corporation and others

②Reaquisition

• Responding to demand by switching from BTS (Build-to-Suit) -type warehouses to multi-tenant warehouses

• Environmentally conscious conversions through ZEB compliance

＜How

¥405.5 billion

Approx.500 billion (Revised upward)

¥450 billion

¥231.1 billion

7.7times

FY2019 FY2024 FY2025

(Forecasts)

FY2026

(Targets)

FY2030-

(Targets)

‌Housing Solutions (Topics)

Single-Family Houses Business Condominiums Business

"Smart Made Housing."

: Trend in contracted buildings

Number of contracted buildings

Number of units scheduled for completion: 11,244 (as of the end of September 2025)

Units scheduled

291

674 711

716

for completion*1

2,631

2,595

1,604 1,633

1,528

1,253

FY2023

2H

FY2024

1H

FY2024

2H

FY2025

1H

FY2025 2H

FY2026 FY2027 FY2028 FY2029 FY2030

and

thereafter

Rental Housing Business

Occupancy rate

684

702

691

97.2%

95.6%

97.4%

96.1%

Price per building

Number of managed units / Occupancy rate

Price per building (million yen)

154.4

167.2

176.4 173.4

Number of managed units（thousand units)

712

FY2023	FY2024	FY2024	FY2025	Mar. 31,	Sep. 30,	Mar. 31,	Sep.30,
	1H		1H	2024	2024	2025	2025

*1 Only the figure for the second half of FY2025 includes

the number of finished inventories.

© Daiwa House Industry Co., Ltd. All rights reserved. 13

T o p i c s

Single-Family Houses Business The number of contracts for the custom-built "Smart Made Housing.", which offers the best of both custom design and standardized houses, has been increasing. Launched "AI Plan Concierge ver.1" on October 2, combining over 2,000 single-family housing plans with AI technology to enhance proposal capability and speed. Rental Housing Business Promoting large-scale development, including mid- to high-rise properties, mainly in urban areas such as Tokyo and the three surrounding prefectures, as well as Osaka. The number of managed units has steadily increased. While maintaining a high occupancy rate, we have especially implemented rent increases in urban areas. Condominiums Business Secured 11,244 units scheduled for completion (up about 1,000 units from March 2025), continuing to provide high-value-added condominiums. Sales of "PREMIST Tower Funabashi," the tallest condominium in Chiba Prefecture with 677 units and 51-story, is scheduled to begin in February 2026.

‌Business Solutions (Topics)

T o p i c s

Commercial Facilities Business Our urban hotel management business capitalized on Expo 2025 Osaka, Kansai demand, achieving record occupancy and average daily rate. With an eye on accommodating tourists and inbound demand, we carried out full renovations at four hotels during the first half of FY2025. Logistics, Business & Corporate Facilities Business Completion of our first large-scale logistics facility development project in the U.S. and our third large-scale multi-tenant logistics facility in Malaysia Completion of five large-scale logistics facilities in Japan (located in Iwate, Fukushima, Chiba, and Aichi Prefectures) Environment and Energy Business Construction of the first power storage facility at Kyushu Plant, "DREAM Storage Battery" for the Fukuoka Kurate system, has commenced and is scheduled to begin operation in July 2026 Construction of our first PPA model self-consumption solar power generation system (onsite PPA), a joint venture with WHA Corporation, commenced in Thailand

Commercial Facilities Business Environment and Energy Business

Daiwa Roynet Hotels

Average daily rate（yen）

Occupancy rate

11,844

9,285

13,196

89.9%

83.9%

87.8%

88.5%

14,126

Group's renewable energy power plants

Rated output (MW)

894 959

612

713

FY2022	FY2023	FY2024	FY2025 2H	Mar. 31,	Mar. 31,	Mar. 31,	Sep. 30,
				2023	2024	2025	2025

Logistics, Business & Corporate Facilities Business

Overseas Logistics Facility Development Results

Total cumulative floor area

（thousand ㎡）

413

324

497

779

Selangor, Malaysia DPL Malaysia

Texas, USA Blue Ridge

Commerce Center

ーMar. 31,

2022

Mar. 31,

2024

Mar. 31,

2025

Sep. 30,

2025

Shah Alam Ⅲ

（Floor area:Approx. 156,000㎡ ）

（5 buildings、

Floor area:Approx. 125,000㎡）

‌Human Capital Indicators

Key Indicators			Targets and Results						Supplementary Explanation
			FY2021 Results	FY2022 Results	FY2023 Results	FY2024 Results	FY2025 1H Results*1	Targets
Increase the Value of our Human Capital	Recruitment	Ratio of newly employed females to total new employees	25.8% (4/1/2022)	24.9% (4/1/2023)	27.6% （4/1/2024）	24.7% （4/1/2025）	27.7% (10/1/2025)	30％
		Number of career hires	64 persons	145 persons	182 persons	185 persons	-	-
	Diversity	Ratio of female employees in management	4.9% (4/1/2022)	5.2% (4/1/2023)	5.8% (4/1/2024)	6.1% （4/1/2025）	6.1% (9/30/2025)	8% (4/1/2027)
		Ratio of female section chiefs	19.2% (4/1/2022)	21.3% (4/1/2023)	23.4% (4/1/2024)	24.0% （4/1/2025）	23.8% (9/30/2025)	25% (4/1/2027)
		Employment rate of people with disabilities	2.46% (4/1/2022)	2.50% (4/1/2023)	2.48% (4/1/2024)	2.51% （4/1/2025）	2.55% (10/1/2025)	2.70% (4/1/2026)
		Continuation rate of employment after reaching retirement age of 65	60.9% (4/1/2022)	49.4% (4/1/2023)	55.2% (4/1/2024)	57.6% （4/1/2025）	-	-
	Health management	Percentage of regular health checkups	100%	100%	100%	100%	-	-
		Percentage of secondary examinations for persons requiring close examination and treatment	91.0%	95.3%	89.5%	96.1%	-	-
	Childbirth and childcare	Percentage of men taking childcare leave	41.9%	62.2%	66.5%	68.9%	77.2%	80% (FY2026)
		Lump-sum payment for raising the next generation (Number of recipients/Amount)	636/ ¥636 million	643/ ¥643 million	609/ ¥609 million	556/ ¥556 million	280/ ¥280 million	-	Since FY2005 start- Total Paid: ¥133.06Bn
	Employment	Percentage of paid leave taken	57.3%	56.4%	65.5%	66.5％	34.9%	-
	Equity	Gender wage gap (Ratio of average female income to male income)	60.7%	61.5%	61.6%	61.8％	64%	-
	Career support	Cross-Border Career Support System	-	58 persons	82 persons	73 persons	-	-	Focused on internal and external side jobs

‌Carbon Neutral Indicators

Key Indicators			Targets and Results							Supplementary Explanation
			FY2021 Results	FY2022 Results	FY2023 Results	FY2024 Results	FY2025 1H Results	FY2026 Targets*3	FY2030 Targets
Achieve Carbon Neutrality	Entire value chain	GHG emissions reduction rate	16.1%	23.5%	35.6％	46.2％	39.9％*1	35%	40%	All GHG reduction rates are relative to the base year of FY2015
	Business activities： Scope １＋２	GHG emissions reduction rate	20.8%	33.5%	-26.3％	58.1％	63.9％*1	55%	70%	All GHG reduction rates are relative to the base year of FY2015
		Renewable energy utilization rate	18.2%	41.5%	81.8％	98.9％	99.2％*1	100%	100%	-
	Building use： Scope 3 (Category11)	GHG emissions reduction rate	29.4%	39.3%	52.2%	59.8%	51.3%*1	58%	63%	All GHG reduction rates are relative to the base year of FY2015
		ZEH rate	53%	86%	97%	99%	98%	90%	100%	Daiwa House (non-consolidated). Based on construction starts and units, excluding Hokkaido
		Rental housing ZEH-M rate*2	3%	14.2%	48.7%	73.1%	76.5%	50%	100%	Daiwa House (non-consolidated). Based on construction starts and units
		Condominiums ZEH-M rate*2	43%	73.1%	100%	100%	100%	100%	100%	Daiwa House (non-consolidated). Based on construction starts and units
		ZEB rate	38%	65.7%	68.5%	66.2%	67.1%	80%	100%	Daiwa House, Daiwa Lease and Fujita. Based on construction starts (including development projects) and floor area
	Construction results of renewable energy supply facilities and equipment	Renewable energy generation equipment constructed (EPC)	2,526MW	2,706MW	3,075ＭＷ	3,311ＭＷ	3,461ＭＷ	4,200MW	5,000MW	Cumulative amount from FY2011
		Renewable energy power plants developed and operated (IPP)	561MW	602MW	700ＭＷ	877ＭＷ	942ＭＷ	1,550MW	2,500MW	Excluding in-house consumption power plants
	Solar panels installation rate (Non-residential)	Commercial Construction （non-consolidated）	-	32.2%	40.1%	56.7%	53.8%	100% in principle		Figures for Daiwa House (non-consolidated) are counted from the second half of FY2022, and Fujita and Daiwa Lease are counted from FY2023. Figures are based on construction starts up to FY2024 and on completions from FY2025 onward. Proportion of buildings.
		General Construction （non-consolidated）	-	61.8%	62.2%	76.7%	77.2%
		Fujita	-	-	36.0%	50.0%	60.0%
		Daiwa Lease	-	-	23.7%	30.3%	22.8%

*1 Forecasts for the full year of FY2025

*2 For ZEH-M, the calculation is based on the number of housing units in the building that meet the national standards according to the number of floors.

*3 The Environmental Action Plan is scheduled to be completed one year ahead of schedule in conjunction with the 7th Plan. FY2026 targets will not be revised.

Disclaimer regarding business forecasts, etc.

(Notes regarding forward-looking statements)

This document is based on information available as of the date of publication and assumptions regarding uncertain factors that may affect future performance. It is not intended to guarantee the realization of such forecasts by the Company.

The Company's actual results may differ significantly from those presented herein as a consequence of numerous factors such as financial market trends, economic conditions, competitor situations and fluctuations in land prices.