Sekisui House, Ltd. (SKHSY) Q1 2026 Earnings Conference Call Transcript


Sekisui House, Ltd. (OTCPK:SKHSY) Q1 2026 Earnings Conference Call June 5, 2025 3:00 AM ET

Company Participants

?? ?? – Corporate Participant
Toru Fujita – Managing Executive Officer
Toru Ishii – Former Executive Officer

Conference Call Participants

?? ?? – Unidentified Company
?? ?? – Unidentified Company
Daisuke Fukushima – Nomura Securities Co. Ltd., Research Division
Junichi Tazawa – SMBC Nikko Securities Inc., Research Division
Kouki Ozawa – Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Research Division
Mamoru Masumiya – Daiwa Securities Co. Ltd., Research Division
Yasuhisa Hashimoto – Mizuho Securities Co., Ltd.

Operator

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?????????????2025???1??????????????????????????????????? ???????????????????????????????

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????????????????????????????????????????????

Toru Fujita

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Operator

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Toru Ishii

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Operator

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?? ??

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Operator

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Toru Fujita

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??????185????1,796??????????0.6???????20.1%??????????????????? ????????????????????????????????

?????300????1,193???????????1.8????????13.3%?????????MDC??????? ?????????????

?????114????602?????????6.7%???????127????????134?????MDC?????? ?????????????????????????????????????????????????????? ?????43????91?????????79????????46????????????????

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?????61????1?905????????96????2?7,998?????????764?????1?9,539??? ?????????????????944???????D/E????????0.08????????1.04??????? ??

????919????1?9,266??????????????????????582????????????39.9%? ??

5???????????????????

??????????????????972????????1,623??????????????????????? ???????????????????????????????????????????5,271???????? 284??????MDC????????????????????????????????????????????? ???4,299?????????1,907?????????

?????????????????????MDC??????????????????????????????? ?????1,202????????????????????????????????3,094?????????

??????????????339????????????????146?????

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?????????????????50????1,235????????????1.3???????22.5%????? ???????31????148?????????2.0???????12.0%??????????????????? ????????????????????????????1???????????????????????? ?????????????????????????????????????2???????????????? ????????????????????1???????774????2?89?????

???????????????25????772????????28????55?????????3.6??????? 7.2%??????????????????????????????????????????????????? ?????????????????????????????????????????????????????? ??

7???????????????2.6%??1,160???????????????????????????????? ???????????????????????????5,000???????????????????????? ????????????????2024????????ZEH???96%??????????????

??????????0.8%??1,412?????????RC??????????????????????????? ???????S?????????????????????????????????????ZEH???78%??? ?????1???????????

??????31.8%??931?????????????????????????????????????????? ????????????????????????

8??????????????????????????????????68????2,189????????37??? ?244?????????

?????????????76????1,795??????????????40????197?????????1.9?? ?????11.0%?????????????????????????????????????????????? ?????????????????????????????????????

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9??????????????????72?3,000?????????98.2%?????????????

10??????????????????????????????283????1,196????????101????136 ???

??????????????127????798??????????1.2???????18.5%??????14????72 ?????????2????????????????????????????????????????2???? ???????????????????????????1?????????????????????????? ???????????????????????206?????????????

???????????????44????203????????2????26?????????1.3??????? 13.2%??????????????????????????????????????????????????? ???????????????????????????9?????????????????????????? ???52???29?????????

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13???????????????????????????????????19????125????????4??? ?39???????????????????????????????????????????????????? ????

????????????14????55????????6????19?????????????????????? ?????????????????????????????????????????????????????? ????????????City Ridge????????2???????????3???????2????????? ?????????

???2,082????3,756???????????1,666????3,037???????????????1,193???? 3,372??????????2,187????????????738????????????447???????????? ?2???????????City Ridge???????????????????239????2?990?????

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Question-and-Answer Session

Operator

?????????????????????????????????????????????????????? 2??????????????

??????????????????????????

Daisuke Fukushima

??????????2?????????????

?????????????????????????????????????????????????????? ????

??????????25?1???????????2??????3??????4??????????45?????? ?????????????????1??????90????????????????????????????? ?????????????????????????????????????????????????????? ???????????????

????MDC??MDC???????????????????????????????????????????? ?????????????????????????????????????????????????????? ?????????????????????????????

????????????????1,200????1,196???????????????????????????2 ?????????????????????????2?3?4????????????????????????? ????????????

???2???????

Toru Fujita

???????????1???2??????????????????????????????????????? ??????????????

1????????????????????????????????????????????????????? ???10???????????45?????????????????????????????????????? ???????????????????????????????????170??180?????????????? ?????

??????????????????1?????????46????????????????????250???? ?????????????????????????????????MDC??????????????????? ????????????500???????????????????????????????????????? ??

??????????????????????????????????????150??160??????????? ?????????????

????2????????????????????????????????????????????????MDC ????????????????????????7?????????????????????

???MDC????????????????????MDC??3%????????????????????????? ?????????????????

?????????????2??????????????????????????????????????? ????????????????????????????????????

Toru Ishii

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????????????????????????????????2??????????????????2??? ???3????????????????????????????

?????

Daisuke



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