Daiwa House Industry reported higher first-quarter net income and issued its fiscal 2027 outlook. Net income attributable to owners of the parent rose to 83.19 billion yen from 76.24 billion yen a year earlier, with basic earnings per share of 134.33 yen versus 123.25 yen. Operating income climbed to 130.64 billion yen from 118.12 billion yen, while net sales increased to 1.41 trillion yen from 1.29 trillion yen. For fiscal 2027, the company expects net sales of 5.90 trillion yen, up 5.8% year over year, operating income of 460 billion yen, down 25.2%, and net income of 266 billion yen, down 24.1%, with basic earnings per share of 214.74 yen. Daiwa House shares closed 1.66% higher at JPY 4,588 on the Tokyo Stock Exchange.
Daiwa House Industry Co., Ltd.Q1 net income and sales rose, though fiscal 2027 guidance shows declines.
