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    Consumer Cyclical

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    Residential Construction
Sekisui House, Ltd.

Sekisui House, Ltd.

1928.T
Sekisui House, Ltd.JP flagTokyo Stock Exchange
3,505.00
JPY
-15.00
- -
2.27TMarket Cap
Sekisui House, Ltd.
1928.T
(Tokyo Stock Exchange)

Recent

price

3,505.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
2,202.64
2,267.29
2,402.71
2,683.47
2,775.26
2,649.46
2,919
3,129.14
3,133.9
3,518.62
3,588.44
3,825.74
4,390.04
4,749.98
6,262.97
6,476.44
6,498.79
Revenue per Share
45.02
42.9
69.17
118.63
130.91
120.16
175.48
193.06
186.53
205.79
181.18
227.37
276.58
309.29
335.95
358.07
396.77
Basic EPS, GAAP
93.42
-6.23
41.49
3.19
-3.83
-45.51
30.58
148.47
103.3
432.9
153.23
51.83
49.92
-93.64
-43.39
187.04
- -
Free Cash Flow per Basic Share
13
18.02
22
35.95
47.99
51.87
59.17
69.02
79.11
80.24
86.12
82.15
99.53
117.5
128.03
143.03
- -
Dividend per Share
733.9
759.49
810.5
899.4
964.4
998.69
1,123.65
1,202.11
1,310.74
1,441.11
1,528.96
1,688.22
1,887.22
2,040.98
2,268.54
2,484.58
2,452.59
Book Value per Share
1,077.7
1,090.32
1,189.18
1,374.91
1,542.27
1,501.76
1,591.2
1,718.79
1,706.5
1,876.73
1,978.57
2,220.42
2,422.87
2,680.79
2,772.6
3,043.98
3,077.2
Tangible Book Value per Share
676
675
672
673
689
702
694
690
689
686
682
677
667
654
648
648
648
Basic Weighted Avg Shares
1,488,369
1,530,577
1,613,816
1,805,102
1,912,721
1,858,879
2,026,931
2,159,363
2,160,316
2,415,186
2,446,904
2,589,579
2,928,835
3,107,242
4,058,583
4,197,922
4,212,756
Sales/Revenue/Turnover
3.79
4.63
5.34
7.31
7.66
8.05
9.09
9.06
8.76
8.5
7.62
8.89
8.93
8.72
8.16
8.13
8.48
Operating Margin (%)
16,383
18,034
19,015
22,581
25,692
24,438
23,125
21,983
22,155
21,518
21,726
24,069
26,711
27,745
35,235
42,761
- -
Depreciation Expense
30,421
28,962
46,458
79,801
90,224
84,302
121,853
133,224
128,582
141,256
123,542
153,905
184,520
202,325
217,705
232,095
257,201
Net Income, GAAP
43.43
53.4
43.8
37.27
39.35
42.87
31.52
28.98
30.83
29.73
30.23
30.01
28.53
28.18
27.6
30.16
29.8
Effective Tax Rate (%)
2.04
1.89
2.88
4.42
4.72
4.54
6.01
6.17
5.95
5.85
5.05
5.94
6.3
6.51
5.36
5.53
6.11
Profit Margin (%)
498,442
507,823
544,867
575,930
567,031
529,557
641,084
865,771
788,000
994,139
944,948
1,084,826
1,049,240
1,358,909
2,156,458
2,509,278
2,573,516
Working Capital
184,550
234,953
251,149
258,582
238,934
176,991
298,306
449,709
369,707
438,092
361,834
365,635
236,907
347,756
1,129,068
1,298,310
1,309,814
LT Debt
738,029
750,373
814,062
941,414
1,079,063
1,068,425
1,118,263
1,208,119
1,196,922
1,306,847
1,368,884
1,520,957
1,667,545
1,794,051
2,018,596
2,188,233
2,210,277
Total Equity
3.28
3.22
4.3
6.69
6.29
5.53
7.69
7.68
6.82
7.4
6.52
7.71
8.29
7.8
7.26
5.88
6.22
Return on Invested Capital (%)
4.41
3.86
5.3
8.43
8.71
7.3
9.35
9.09
8.36
8.39
7.11
8.4
9.74
10
8.5
7.31
7.99
Return on Capital (%)
6.27
5.74
8.79
13.89
14.21
12.35
16.46
16.55
14.84
14.93
12.16
14.09
15.37
15.6
15.52
15.07
16.88
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Oct'26
Jan'26
Apr'27
ST Debt
763,754
595,364
607,474
LT Borrowings
1,180,785
1,253,525
1,266,143
LT Finance Leases
46,260
44,785
43,671
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
648
648
648
Market Capitalization
2,145,905
2,228,215
2,210,489

Working Capital

FRC

•

in mil. unless spec.
Oct'26
Jan'26
Apr'27
Total Current Assets
3,802,030
3,907,449
3,884,690
Cash, Cash Equivalents & STI
278,395
435,177
296,159
Accounts Receivable, Net
175,101
203,890
188,646
Inventories
1,520,335
1,533,116
1,647,142
Total Current Liabilities
1,488,654
1,398,171
1,311,174
Payables & Accruals
- -
- -
- -
ST Debt
763,754
595,364
607,474
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.5%
9.85%
8.4%
Free Cash Flow
-50.27%
-188.13%
-531.13%
Net Income, GAAP
11.6%
13.67%
6.61%
Sales/Revenue/Turnover
8.78%
11.81%
3.43%
Total Cash Common Dividend
10.05%
9.91%
11.74%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
777,052
1,082,075
1,003,889
1,195,567
4,058,583
2026
894,044
1,121,364
920,303
1,262,211
4,197,922
2027
908,878
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
77.83
- -
- -
- -
335.95
2026
51.49
- -
- -
- -
358.07
2027
90.21
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
128.03
2026
- -
- -
- -
- -
143.03
2027
- -
- -
- -
- -
- -
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Business
Sekisui House, Ltd. (1928.T) is a leading Japanese homebuilder that designs, constructs and sells detached houses, condominiums, rental housing and urban redevelopment properties; provides remodeling services, architectural and civil engineering works; and manages real estate, including medical facilities, commercial buildings and hotels. The company operates through segments encompassing custom detached houses, rental housing, architecture/civil engineering, remodeling, real estate management fees, houses for sale, condominiums, urban redevelopment and overseas business, with a focus on prefabricated and modular homes such as its flagship SHAWOOD wooden-framed brand, custom-built residences, ZEH net-zero-energy houses and high-performance sustainable housing solutions. Founded in 1960 and headquartered in Osaka, Japan, Sekisui House maintains factories across Japan and conducts operations in Japan, the United States across 16 states, Australia, Singapore, the United Kingdom and China, targeting individual homebuyers, investors and institutional clients with an emphasis on safety, comfort, environmental performance and disaster resilience. Recent developments include the April 2024 completion of its $4.9 billion acquisition of M.D.C. Holdings, Inc., expanding U.S. homebuilding capacity to approximately 15,000 units annually and integrating it with subsidiaries Woodside Homes, Holt Homes, Chesmar Homes and Hubble Homes under reorganized SH Residential Holdings; the September 2025 announcement of a U.S. homebuilder business reorganization consolidating four group builders into one company with a name change for M.D.C. Holdings; ongoing SHAWOOD rollout with projects like Sommers Bend in California winning multiple awards in 2024 and 2025; and strategic expansions such as Hankyu Hanshin Properties' participation in the Melrose Park condominium project in Australia.