Financials Sekisui House, Ltd.

Equities

1928

JP3420600003

Homebuilding

Market Closed - Japan Exchange Other stock markets 07:30:00 20/06/2025 BST			5-day change	1st Jan Change
3,021.00 ^JPY	-0.30%		+0.20%	-20.12%

03-30	Tsuchiya Holdings Co., Ltd. announced that it has received ¥182.783 million in funding from Sekisui House, Ltd.	CI
03-17	Japan Shares Gain on China's Consumption-Boosting Measures	MT

Projected Income Statement: Sekisui House, Ltd.

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	2,446,904	2,589,579	2,928,835	3,107,242	4,058,583	4,454,916	4,599,193	4,772,353
Change	-	5.83%	13.1%	6.09%	30.62%	9.77%	3.24%	3.77%
EBITDA ¹	208,219	254,229	288,200	298,701	366,601	403,283	450,143	487,473
Change	-	22.1%	13.36%	3.64%	22.73%	10.01%	11.62%	8.29%
EBIT ¹	186,519	230,160	261,489	270,956	331,366	364,433	401,497	434,196
Change	-	23.4%	13.61%	3.62%	22.3%	9.98%	10.17%	8.14%
Interest Paid ¹	-2,769	-3,836	-5,317	-12,371	-33,634	-41,500	-42,050	-42,400
Earnings before Tax (EBT) ¹	185,494	234,334	267,710	288,958	305,586	334,512	354,312	384,772
Change	-	26.33%	14.24%	7.94%	5.75%	9.47%	5.92%	8.6%
Net income ¹	123,542	153,905	184,520	202,325	217,705	236,032	257,960	280,420
Change	-	24.58%	19.89%	9.65%	7.6%	8.42%	9.29%	8.71%
Announcement Date	04/03/21	10/03/22	09/03/23	07/03/24	06/03/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: January	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	598,096	569,890	600,900	678,018	608,590	615,015	621,207	744,767	743,671	679,971	706,436	798,757	708,280	754,163	727,065	917,734	777,052	1,082,075	1,003,889	1,195,567	894,044	1,077,456	1,046,500	1,312,800
Change	-	-4.72%	5.44%	12.83%	-10.24%	1.06%	1.01%	19.89%	-0.15%	-8.57%	3.89%	13.07%	-11.33%	6.48%	-3.59%	26.22%	-15.33%	39.25%	-7.23%	19.09%	-25.22%	20.51%	-2.87%	25.45%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	50,865	41,779	42,176	51,699	54,684	55,009	58,532	61,935	87,769	58,659	56,071	58,990	55,736	69,182	61,770	84,268	71,714	85,427	75,484	98,741	60,287	89,605	80,186	115,244
Change	-	-17.86%	0.95%	22.58%	5.77%	0.59%	6.4%	5.81%	41.71%	-33.17%	-4.41%	5.21%	-5.52%	24.12%	-10.71%	36.42%	-14.9%	19.12%	-11.64%	30.81%	-38.94%	48.63%	-10.51%	43.72%
Charge d'intérêts	-767	-657	-670	-675	-705	-754	-789	-1,588	-806	-935	-1,661	-1,915	-2,527	-2,618	-3,644	-	-4,757	-	-10,392	-	-9,130	-	-	-
Earnings before Tax (EBT) ¹	46,829	42,381	43,610	52,674	55,042	56,174	62,366	60,752	83,589	69,619	63,176	51,326	61,608	73,504	64,527	89,319	70,863	90,889	66,112	77,722	49,145	83,355	96,000	102,500
Change	-	-9.5%	2.9%	20.78%	4.5%	2.06%	11.02%	-2.59%	37.59%	-16.71%	-9.25%	-18.76%	20.03%	19.31%	-12.21%	38.42%	-20.66%	28.26%	-27.26%	17.56%	-36.77%	69.61%	15.17%	6.77%
Net income ¹	30,626	28,816	29,521	34,579	36,171	36,381	43,343	38,010	57,485	46,583	45,747	34,705	41,934	50,560	49,395	60,436	50,427	72,556	41,844	52,878	33,373	66,862	54,669	73,880
Change	-	-5.91%	2.45%	17.13%	4.6%	0.58%	19.14%	-12.3%	51.24%	-18.96%	-1.79%	-24.14%	20.83%	20.57%	-2.3%	22.35%	-16.56%	43.88%	-42.33%	26.37%	-36.89%	100.35%	-18.24%	35.14%
Announcement Date	04/06/20	10/09/20	07/12/20	04/03/21	10/06/21	09/09/21	09/12/21	10/03/22	09/06/22	08/09/22	08/12/22	09/03/23	08/06/23	07/09/23	07/12/23	07/03/24	06/06/24	05/09/24	05/12/24	06/03/25	05/06/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: January	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2
Net sales ¹	1,278,918	1,223,605	1,365,974	1,423,642	1,505,193	1,462,443	1,644,799	1,859,127	2,199,456	2,061,500	2,338,600
Change	-	-4.32%	11.64%	4.22%	5.73%	-2.84%	12.47%	13.03%	18.31%	-6.27%	13.44%
EBITDA	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	93,875	109,693	120,467	146,428	115,061	124,918	146,038	157,141	174,225	152,475	196,050
Change	-	16.85%	9.82%	21.55%	-21.42%	8.57%	16.91%	7.6%	10.87%	-12.48%	28.58%
Charge d'intérêts	-	-1,459	-	-1,741	-	-5,145	-	-13,835	-	-	-
Earnings before Tax (EBT) ¹	-	111,216	123,118	153,208	-	135,112	-	161,752	-	147,900	-
Change	-	-	10.7%	24.44%	-	-	-	-	-	-	-
Net income ¹	64,100	72,552	81,353	104,068	80,452	92,494	109,831	122,983	94,722	96,825	134,710
Change	-	13.19%	12.13%	27.92%	-22.69%	14.97%	18.74%	11.97%	-22.98%	2.22%	39.13%
Announcement Date	04/03/21	09/09/21	10/03/22	08/09/22	09/03/23	07/09/23	07/03/24	05/09/24	06/03/25	-	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Sekisui House, Ltd.

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-45,080	26,726	251,636	457,647	1,456,524	1,405,735	1,257,349	1,178,501
Change	-	159.29%	841.54%	81.87%	218.26%	-3.49%	-10.56%	-6.27%
Announcement Date	04/03/21	10/03/22	09/03/23	07/03/24	06/03/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Sekisui House, Ltd.

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	96,609	89,512	95,330	86,709	99,891	93,704	96,204	97,454
Change	-	-7.35%	6.5%	-9.04%	15.2%	-6.19%	2.67%	1.3%
Free Cash Flow (FCF) ¹	96,400	4,328	30,134	-71,026	-634,802	46,171	188,500	187,333
Change	-	-95.51%	596.26%	-335.7%	-793.76%	107.27%	308.26%	-0.62%
Announcement Date	04/03/21	10/03/22	09/03/23	07/03/24	06/03/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Sekisui House, Ltd.

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	8.51%	9.82%	9.84%	9.61%	9.03%	9.05%	9.79%	10.21%
EBIT Margin (%)	7.62%	8.89%	8.93%	8.72%	8.16%	8.18%	8.73%	9.1%
EBT Margin (%)	7.58%	9.05%	9.14%	9.3%	7.53%	7.51%	7.7%	8.06%
Net margin (%)	5.05%	5.94%	6.3%	6.51%	5.36%	5.3%	5.61%	5.88%
FCF margin (%)	3.94%	0.17%	1.03%	-2.29%	-15.64%	1.04%	4.1%	3.93%
FCF / Net Income (%)	78.03%	2.81%	16.33%	-35.1%	-291.59%	19.56%	73.07%	66.8%
Profitability
ROA	7.02%	8.48%	8.86%	8.44%	7.39%	5.92%	6.18%	6.55%
ROE	9.5%	11%	11.9%	11.9%	11.7%	11.73%	12.1%	12.35%
Financial Health
Leverage (Debt/EBITDA)	-	0.11x	0.87x	1.53x	3.97x	3.49x	2.79x	2.42x
Debt / Free cash flow	-	6.18x	8.35x	-6.44x	-2.29x	30.45x	6.67x	6.29x
Capital Intensity
CAPEX / Current Assets (%)	3.95%	3.46%	3.25%	2.79%	2.46%	2.1%	2.09%	2.04%
CAPEX / EBITDA (%)	46.4%	35.21%	33.08%	29.03%	27.25%	23.24%	21.37%	19.99%
CAPEX / FCF (%)	100.22%	2,068.21%	316.35%	-122.08%	-15.74%	202.95%	51.04%	52.02%
Items per share
Cash flow per share ¹	213	262.9	316.6	351.7	390.3	432.1	448.2	510.4
Change	-	23.42%	20.42%	11.09%	10.98%	10.7%	3.73%	13.88%
Dividend per Share ¹	84	90	110	123	135	144.2	155.1	167
Change	-	7.14%	22.22%	11.82%	9.76%	6.85%	7.54%	7.66%
Book Value Per Share ¹	1,948	2,184	2,466	2,708	3,028	3,155	3,401	3,659
Change	-	12.13%	12.9%	9.81%	11.81%	4.22%	7.78%	7.6%
EPS ¹	181.2	227.4	276.6	309.3	336	364.2	399.1	436.7
Change	-	25.49%	21.64%	11.83%	8.62%	8.41%	9.57%	9.42%
Nbr of stocks (in thousands)	680,894	674,756	662,102	647,942	648,087	648,114	648,114	648,114
Announcement Date	04/03/21	10/03/22	09/03/23	07/03/24	06/03/25	-	-	-