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Summary of Financial Statements For the three months ended June 30 , 2026 We consider more . HASEKO Corporation HASEKO August 2026
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Disclaimer: Forecasts or assessment figures on this document is depend and based on data available at the date of issue. Results or actual performances may be different from those estimates because of unexpected affairs.
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Contents P.1 Summary of Financial Results for FY2026 1Q P.2 Consolidated Income Statements P.3 Net sales & Gross profit of Completed Construction Contracts P.4 Order Received (Non-consolidated) Result P.5 Order Received (Quarterly, Main Order Property) P.6 Key indicators of Order Received (Non-consolidated) P.7 Net sales & Gross profit of Real Estate Sales P.8 Key indicators of For-sale Condominium Business P.9 Key indicators of Real Estate-Related Business and other P.10 Key indicators of Condominium Management and Operation Business P.11 Overseas Business Overview P.12 Main factors for changes in Consolidated Balance Sheet P.13 Breakdown of Real estate and Overseas investment by Use P.14 Interest-bearing debt and Shareholders’ equity P.15 Results by Operating Segment P.16 Reference information
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Summary of Financial Results for FY2026 1Q ▌ In consolidated financial results, net sales were JPY 312.1 bn (up 9.2 % YoY). Ordinary profit was JPY 30.5 bn (up 58.9 % YoY), due to an increase in gross profit of completed construction contracts from an improved gross profit ratio, as well as an increase in gross profit of real estate sales due to deliveries of high-priced properties in the for-sale condominium business. ▌ Orders received (Non-consolidated) increased significantly to JPY 248.8 bn (up 93.8 % YoY), while progress against FY2026 annual forecast was largely in line with expectations. １ Consolidated FY2025 1Q (A) FY2026 1Q (B) Change (B)-(A) % Net sales 285.9 312.1 26.2 9.2% Gross profit 41.7 51.8 10.1 24.3% Operating profit Operating profit ratio 20.5 7.2% 29.9 9.6% 9.4 2.4pt 46.0% Ordinary profit Ordinary profit ratio 19.2 6.7% 30.5 9.8% 11.3 3.1pt 58.9% Profit ※ Profit ratio 12.6 4.4% 21.3 6.8% 8.7 2.4pt 68.5% Order received 128.3 248.8 120.4 93.8％ FY2026 Annual Forecast Progress 1,380.0 22.6% 214.0 24.2% 110.0 8.0% 27.1% 105.0 7.6% 29.0% 66.0 4.8% 32.3% 730.0 34.1% ※ Profit attributable to owners of parent JPY bn
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Consolidated Income Statements FY2026 1Q FY2025 1Q 2 Variable factor of Consolidated Ordinary Profit (JPY bn) 11.3 19.2 30.5 Construction Contracts 6.9 SG&A (0.7) Others 2.6Real estate sale 2.5 For-sale condominiums Deliveries of high-priced properties Increase in equity in earnings of affiliates (Overseas business) Improvement in profit ratio Billions of yen FY2025 FY2026 1Q Result 1Q Result Amount < A > < B > < B - A > Net sales 285.9 312.1 26.2 9.2% Completed construction contracts 153.8 153.4 (0.4) ( 0.3%) Design and supervision 0.9 0.9 (0.0) ( 1.7%) Leasing and management 23.0 24.9 1.9 8.3% Real estate sales 102.8 127.2 24.4 23.7% Others businesses 5.4 5.8 0.4 6.7% Gross profit 41.7 51.8 10.1 24.3% Completed construction contracts 20.3 27.2 6.9 34.1% [Profit ratio of completed construction contracts] 13.2% 17.7% 4.5p Design and supervision 0.4 0.4 (0.0) ( 11.5%) Leasing and management 4.9 5.6 0.7 13.7% Real estate sales 14.9 17.5 2.5 16.9% Others businesses 1.1 1.2 0.1 6.5% 21.2 21.9 0.7 3.4% Operating profit 20.5 29.9 9.4 46.0% [Operating profit ratio] 7.2% 9.6% 2.4p Financial income (expenses) * (0.8) (0.9) (0.1) Others, net (0.5) 1.5 2.0 Ordinary profit 19.2 30.5 11.3 58.9% [Ordinary profit ratio] 6.7% 9.8% 3.1p Extraordinary income or loss (0.1) (0.1) 0.0 19.1 30.4 11.3 59.2% Income taxes - current 4.2 5.6 1.5 Income taxes - deferred 2.3 3.5 1.2 Profit (loss) attributable to non-controlling interests - 0.0 0.0 Profit attributable to owners of parent 12.6 21.3 8.7 68.5% Selling, general and administrative expense Change % Profit before income taxes
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17.9 15.4 17.4 25.2 1.5 1.9 2.8 2.0 19.3 17.3 20.3 27.2 FY2023 FY2024 FY2025 FY2026 Non-consolidated Difference b/w Consolidated and Non-consolidated 112.9 125.6 138.7 140.2 14.5 14.1 15.0 13.2 127.4 139.7 153.8 153.4 FY2023 FY2024 FY2025 FY2026 Non-consolidated Difference b/w Consolidated and Non-consolidated ▌ Net sales of completed construction contracts were JPY 153.4 bn (down 0.3% YoY), remaining at same level as the previous fiscal year. ▌ Gross profit on completed construction contracts was JPY 27.2 bn (up 34.1% YoY), driven by a significant improvement in the non-consolidated profit ratio on construction contracts. (JPY bn) 3 Net sales & Gross profit of Completed Construction Contracts Net sales of Completed construction contracts (1Q)※ Gross Profit & Profit ratio (1Q)※ ※Construction contracts Sales and Gross Profit of Construction contracts (Non-consolidated) include Sales of Commissioned works and Gross profit of Commissioned works, respectively. (JPY bn) 15.2% 12.4% 13.2% 17.7%15.8% 12.3% 12.6% 17.9%Consolidated Non-consolidated
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▐ Non-consolidated orders received increased significantly to JPY 248.8 bn (up 93.8% YoY), while progress against the FY2026 annual forecast was largely in line with expectations.. （JPY bn） 4 Haseko Reform： Large-scale renovation work and interior/exterior remodeling for condominium complexes Fuji Kensetsu： A general construction company handling a wide range of projects, from condominiums and houses to non-residential buildings such as office buildings and hotels Order Received (Non-consolidated) Result FY2025 FY2026 Result FY2026 Forecast 1Q 1Q Change % 1H Progress Annual Change Progress Construction Business 124.7 245.1 120.4 96.5% 321.5 76.2% 711.0 4.2 34.5% Private sector condominiums 119.7 199.7 80.0 66.9% 264.0 75.6% 590.0 (68.1) 33.8% Rental condominiums Company housing, etc. 0.3 41.3 41.0 -% 50.0 82.6% 83.0 69.4 49.8% Non-residence 0.1 0.0 (0.1) (100.0%) - -% 22.0 (0.2) 0.0% Other 3.2 2.6 (0.6) (19.8%) 5.0 52.1% 10.0 3.2 26.1% Consulting contracts 1.4 1.5 0.2 12.9% 2.5 61.7% 6.0 (0.1) 25.7% Design and supervision 3.6 3.6 0.0 1.1% 8.5 42.8% 19.0 (0.9) 19.2% Order received(Non-consolidated) 128.3 248.8 120.4 93.8% 330.0 75.4% 730.0 3.3 34.1% 【Order received by subsidiaries】 Haseko Reform 5.2 3.8 (1.4) (27.6%) 17.5 21.7% 40.0 1.4 9.5% Fuji Kensetsu 6.8 0.7 (6.0) (89.2%) 20.5 3.6% 41.0 5.3 1.8%
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《Quarterly》 Main Order Property Property Owners Location Units ※ Higashimurayama-shi Noguchi-cho Project New Construction Sotetsu Real Estate Co., Ltd., etc. Higashimurayama-shi, Tokyo 591 ※ Sagamihara-shi Midori-ku Nishihashimoto 2-Chome New Project JREAST Real Estate Co., Ltd., etc. Midori-ku, Sagamihara-shi 500 BAUS Shiki Tower Chuo-Nittochi Co., Ltd., etc. Niiza-shi, Saitama 318 ※ Osaka-shi Chuo-ku Otemae 1-Chome New Project New Construction Daiwa House Industry Co., Ltd. Chuo-ku, Osaka-shi 216 T-GRAN TOYOTA (TGrand Toyota) Toyota Home &LiFE Co., Ltd., etc. Toyota-shi, Aichi 170 5※ Tentative name 111.2 119.4 128.3 248.8 92.4 187.7 177.9 81.2 108.5 126.7 183.9 400.0 224.8 152.9 236.6 502.2 483.8 485.5 471.7 430.3 472.3 481.3 536.9 586.6 726.7 730.0 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 (Forecast)1Q 2Q 3Q 4Q （JPY bn） Order Received (Quarterly, Main Order Property)
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75.7% 59.3% 70.0% 11.5% 21.6% 25.0% 12.8% 19.1% 5.0% FY2025 1Q FY2026 1Q FY2026 (Forecast) 20.9% 22.8% 35.0% 29.2% 48.9% 35.0% 49.9% 28.3% 30.0% FY2025 1Q FY2026 1Q FY2026 (Forecast) Key indicators of Order Received (Non-consolidated) 6 ▌ The number of orders received for private-sector condominiums increased to 19, compared with 13 in the same period of the previous fiscal year. ▌ The proportion of orders received in the Tokai region increased, driven by the receipt of a large-scale company housing project. ▌ The ratios of “Exclusive contracts” and “Construction- with-design orders” remained a high level. 9.01 10.01 8.00 FY2025 1Q FY2026 1Q FY2026 (Forecast) 400units or more 200~399 units Less than 200 units Orders received by Size (Private-sector condominiums) Tokyo Metropolitan area Kansai area Tokai area Orders received by Region 97.7% 87.9% 90.0% FY2025 1Q FY2026 1Q FY2026 (Forecast) Exclusive contract 99.7% 99.9% 95.0% FY2025 1Q FY2026 1Q FY2026 (Forecast) Construction-with-design orders Order Received per Contract for Private-sector condominiums Comments (JPY bn) 9.86 FY2025 (Result) 20.8% 33.5% 45.7% FY2025 (Result) 70.5% 24.8% 4.7% FY2025 (Result) 91.7% FY2025 (Resutl) 89.1% FY2025 (Resutl)
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7 Net sales & Gross profit of Real Estate Sales 92.7 96.3 69.9 74.1 16.0 18.7 32.9 53.0 108.7 115.0 102.8 127.2 FY2023 FY2024 FY2025 FY2026 Difference b/w Consolidated & Non-consolidated Non-consolidated 10.8 6.7 7.9 6.5 4.2 1.6 7.0 11.0 15.0 8.3 14.9 17.5 FY2023 FY2024 FY2025 FY2026 Difference b/w Consolidated & Non-consolidated Non-consolidated Net sales of Real estate sales (1Q) Gross profit of Real estate sales (1Q) (JPY bn)(JPY bn) ▌ Net sales of real estate sales increased to JPY 127.2 bn (up 23.7% YoY), driven by an increase in deliveries of high-value projects in the for-sale condominium business. ▌ Gross profit from real estate sales increased to JPY 17.5 bn (up 16.9% YoY), driven by the same factors that contributed to higher sales.
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8.6 9.0 13.3 27.823.0 8.5 15.6 9.6 18.2 13.1 30.3 31.7 61.1 71.5 67.4 103.1 110.0 FY2023 FY2024 FY2025 FY2026 (Forecast) 1Q 2Q 3Q 4Q (JPY bn) Contract progress rate against the number of annual expected units 63.5% 1,627 1,422 2,062 1,600 FY2023 FY2024 FY2025 FY2026 (Forecast)Begining of FY End of 1Q End of 2Q End of 3Q Full-year 50.3% 37.6% 62.1% 75.4% 92.5% (Unit) 55.8% 71.8% 85.9% 45.5% 63.9% 83.0% 97.8% For-sale Condominium units planning by fiscal year FY2026 2Q~4Q, 19% FY2027, 24% FY2028 and after, 57% Approx. 6,700 units As of Jun.30, 2026 Note： Numbers are sum of Haseko Corp., Haseko Real Estate Development and Sohgoh Real Estate, and adjusted by shares of each project. 168 210 276 281 541 204 326 236 378 253 682 630 1,208 1,627 1,422 2,063 1,600 FY2023 FY2024 FY2025 FY2026 (Forecast) 1Q 2Q 3Q 4Q Number of Units for For-sale Condominium Sales (Unit) 42.6% 8 Key indicators of For-sale Condominium Business Approx.1,300unitsApprox.3,800units Approx.1,600units Sales of For-sale Condominium Business
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2,556 3,034 3,500 614 666 666 FY2024 FY2025 FY2026 106.3 130.8 150.0 26.3 29.7 31.7 8,042 7,694 8,050 1,991 1,737 1,870 FY2024 FY2025 FY2026 413.1 433.9 455.0 96.5 92.3 103.1 1,008 930 1,020 197 194 99 FY2024 FY2025 FY2026 112.7 120.6 120.0 25.9 24.6 21.2 FY2024 FY2025 FY2026 Consignment Sales Real estate brokerage Resale of refurbished condominium Sale of Income property ※The sales of Income property includes a portion of the sales from the company in the property management and operation business segment. 9 Key indicators of Real Estate-Related Business and other (Unit) Annual Turnover (JPY bn)Annual Units of transaction (Unit) 1Q Units of transaction (Unit) 1Q Turnover (JPY bn) [Forecast] [Forecast] [Forecast] Annual 1Q result [Forecast] （JPY bn）Annual 1Q result Annual Turnover (JPY bn)Annual Units of transaction (Unit) 1Q Units of transaction (Unit) 1Q Turnover (JPY bn)
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121,698 120,370 119,200 6,860 6,634 7,190 128,558 127,004 126,390 Mar. 2026 Jun. 2026 Mar. 2027 (Forecast) Commissioned property management Sublease Condominium Building Management Company housing management agencyRental Apartment Management Operation 10 Key indicators of Condominium Management and Operation Business 448,076 447,959 453,500 Mar. 2026 Jun. 2026 Mar. 2027 (Forecast) 68,320 67,947 64,000 Mar. 2026 Jun. 2026 Mar. 2027 (Forecast) （Unit） （Unit） （Unit）
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Overseas Business Overview 11 (JPY bn) FY2025 1Q FY2026 1Q FY2026 Forecast Net sales 1.4 1.2 7.0 Hawaii 0.3 0.2 5.7 U.S. Mainland, etc. 1.1 0.9 1.3 Ordinary profit (0.6) 0.9 (3.4) Hawaii (0.9) (1.0) (3.5) U.S. Mainland, etc. 0.2 1.9 0.0 Ordinary profit for 1Q FY2026 increased significantly due to the sale of investment projects in the U.S. mainland, etc., although profits are expected to be concentrated in the first quarter. Note: For investment projects in the U.S. mainland, etc., investment recoveries may be recognized either as real estate sales or as equity in earnings of affiliates (non-operating income), depending on contractual terms and other conditions. <Overseas Business Policy> ▌ In Hawaii, a large-scale mixed-use development project on Oahu (Ewa project) is progressing. Haseko Hawaii strives to improve profitability and operational efficiency, while advancing the project toward completion. ▌ On the US mainland, etc. Haseko North America is currently investing in rental apartment development, with investment recovery expected to accelerate from FY2027. ▌ In April 2026, Haseko North America acquired a 30% stake in a US real estate developer engaged in rental apartment development and construction. HASEKO North America aims to establish a stable and sustainable earnings base by gradually shifting to a light-asset business model, while improving capital efficiency and diversifying risk.
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（JPY bn） 12 Main factors for changes in Consolidated Balance Sheet 318.1 291.0 819.7 831.7 280.0 230.3 (27.1) 12.0 (49.7) Mar. 2026 Jun. 2026 Total Asset Liability & Net Asset 1,417.7 (64.7) 1,353.1Cash and deposits Details on next page Other Assets (Of which Deposit received) Mar. 2026 Jun. 2026 1,417.7 (64.7) 1,353.1 Other Liability Net Asset Deposit received※2 68.4 46.2 Real estate and overseas investment ※１ Interest-bearing debt balance ※１ Real estate and overseas investment : Sum of Real estate for sale, Costs on real estate business, Real estate for development, Property, plant and equipment + Leasehold interest in land, and Investments in overseas businesses among investment securities, etc. ※２ Mainly revenue from consigned sales in For-sale condominium business. 563.5 570.6 425.0 418.5 360.9 317.7 68.4 46.2 (22.2) (43.1) Income taxes payable (18.9) Accrued consumption taxes (9.5) Advances received in real estate business (8.6) (6.5) 7.2 Retained earnings 7.9 Notes and accounts receivable - trade, and contract assets (26.6) （JPY bn）
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79.9 80.9 51.4 51.8 38.1 40.0 85.6 89.8 23.5 28.4 235.7 260.9 217.0 220.2 88.3 59.7 Mar. 2026 Jun. 2026 (28.6) 3.2 25.2 4.2 0.4 4.9 12.0 1.0 1.9 Overseas Investment 1 : Investment for business in US Mainland etc. Overseas Investment 2 : Investment for business in Hawaii, U.S Leasing real estate : Real estate expected to hold long term for leasing Own use : Nursing care house for senior business, Technical center etc. Overseas Investment 1 Land for orders : Land for receiving construction orders, etc. by providing land for project owners For-sale Condominium, etc. : Real estate of For-sale condominium business and For-sale houses business Income property, etc. : Real estate developed to sell to investors Renovation : Condominium unit renovation business (for pre-owned properties) Land for orders Income property, etc. Own use Overseas Investment 2 (JPY bn) 819.7 Renovation Leasing real estate 13 Breakdown of Real Estate and Overseas Investment by Use For-sale Condominium, etc. • Increased as investment in the detached housing business progressed despite a decline in condominium project investments • Decreased due to multiple sales of large- scale land parcels Change factor from the end of the previous Fiscal Year 831.7 • Increased due to investment in the detached housing business • Increased as new investments exceeded asset sales • Increase as new investments exceeded recoveries • Increased as investments continued to progress
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96.7 90.4 122.3 178.0 221.8 271.5 295.0 300.0 345.0 338.5 20.0 30.0 30.0 90.0 90.0 120.0 120.0 120.0 80.0 80.0 116.7 120.4 152.3 268.0 311.8 391.5 415.0 420.0 425.0 418.5 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26 Jun26 0.39 0.33 0.39 0.68 0.75 0.86 0.81 0.79 0.76 0.73 43.0% 47.5% 48.5% 41.4% 38.6% 37.9%37.8% 39.0% 39.7% 42.1% Shareholders’ equityInterest-bearing debt Debt D/E RatioBond （JPY bn） 14 Shareholders’ equity Equity ratio Interest-bearing debt and Shareholders’ equity （JPY bn） 296.0 367.0 387.7 394.4 417.7 454.1 511.2 532.0 562.7 569.9 Mar18Mar19Mar20Mar21Mar22Mar23Mar24Mar25Mar26Jun26
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Results by Operating Segment 15 *1. Intersegment transaction eliminations and corporate expenses that have not been allocated to each reportable segment are not included in the above table. *2. For reference, operating profit in the Overseas Business includes equity-method investment gains (losses) of negative 0.6 billion yen in 1Q FY2025 and 1.3 billion yen in 1Q FY2026. (JPY bn) FY2025 1Q FY2026 1Q Change % Net sales 316.1 333.5 17.4 5.5% Construction-Related Business 226.7 235.0 8.4 3.7% Real Estate-Related Business 50.4 59.8 9.4 18.6% Condominium Management and Operation Business 37.7 37.5 (0.2) (0.4%) Overseas Business 1.4 1.2 (0.2) (14.8%) Operating profit + Equity in earnings (losses) of affiliates 22.6 32.6 10.0 44.2% Construction-Related Business 15.4 23.2 7.8 50.6% Real Estate-Related Business 6.2 6.9 0.8 12.2% Condominium Management and Operation Business 1.8 1.7 (0.1) (3.9%) Overseas Business *2 (0.7) 0.8 1.5 -%
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16 Reference information
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Summary of Consolidated Income Statements 17 Billions of yen FY2025 FY2026 FY2025 FY2026 Forecast 1Q Result 1Q Result Amount Result Interim Annual < A > < B > < B - A > <C> Progress <D> <D-C> Progress Net sales 285.9 312.1 26.2 9.2% 1,273.1 630.0 49.5% 1,380.0 106.9 22.6% Completed construction contracts 153.8 153.4 (0.4) ( 0.3%) 625.2 340.0 45.1% 690.0 64.8 22.2% Design and supervision 0.9 0.9 (0.0) ( 1.7%) 15.7 5.5 16.7% 15.5 (0.2) 5.9% Leasing and management 23.0 24.9 1.9 8.3% 98.1 51.0 48.8% 105.0 6.9 23.7% Real estate sales 102.8 127.2 24.4 23.7% 511.1 221.5 57.4% 544.5 33.4 23.4% Others businesses 5.4 5.8 0.4 6.7% 22.9 12.0 48.3% 25.0 2.1 23.2% Gross profit 41.7 51.8 10.1 24.3% 189.8 98.0 52.8% 214.0 24.2 24.2% Completed construction contracts 20.3 27.2 6.9 34.1% 88.3 54.0 50.3% 110.0 21.7 24.7% [Profit ratio of completed construction contracts] 13.2% 17.7% 4.5p 14.1% 15.9% 15.9% 1.8p Design and supervision 0.4 0.4 (0.0) ( 11.5%) 7.8 2.5 14.9% 7.8 0.0 4.8% Leasing and management 4.9 5.6 0.7 13.7% 21.3 10.5 52.9% 22.0 0.7 25.3% Real estate sales 14.9 17.5 2.5 16.9% 67.7 28.0 62.4% 69.2 1.5 25.2% Others businesses 1.1 1.2 0.1 6.5% 4.8 3.0 40.5% 5.0 0.2 24.3% 21.2 21.9 0.7 3.4% 91.1 49.0 44.8% 104.0 12.9 21.1% Operating profit 20.5 29.9 9.4 46.0% 98.7 49.0 60.9% 110.0 11.3 27.1% [Operating profit ratio] 7.2% 9.6% 2.4p 7.8% 7.8% 8.0% 0.2p Financial income (expenses) * (0.8) (0.9) (0.1) (4.5) (2.3) (6.2) (1.7) Others, net (0.5) 1.5 2.0 (0.2) 0.3 1.2 1.4 Ordinary profit 19.2 30.5 11.3 58.9% 94.1 47.0 64.8% 105.0 10.9 29.0% [Ordinary profit ratio] 6.7% 9.8% 3.1p 7.4% 7.5% 7.6% 0.2p Extraordinary income or loss (0.1) (0.1) 0.0 (4.6) - - 4.6 19.1 30.4 11.3 59.2% 89.5 47.0 64.6% 105.0 15.5 28.9% Income taxes - current 4.2 5.6 1.5 36.4 Income taxes - deferred 2.3 3.5 1.2 (1.9) 17.0 39.0 4.4 Profit (loss) attributable to non-controlling interests - 0.0 0.0 0.1 Profit attributable to owners of parent 12.6 21.3 8.7 68.5% 54.8 30.0 71.0% 66.0 11.2 32.3% 1.9 2.2 0.3 14.2% Selling, general and administrative expense Change % Depreciation and amortization, excluding goodwill-amortization Profit before income taxes * Interest income + Dividend income - Interest expenses - Incidental expenses for loan
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Summary of Non-Consolidated Income Statements 18 Billions of yen FY2025 FY2026 FY2025 FY2026 Forecast 1Q Result 1Q Result Amount Result Interim Annual < A > < B > < B - A > <C> Progress <D> <D-C> Progress Net sales 210.9 216.9 6.0 2.8% 817.6 410.0 52.9% 870.0 52.4 24.9% Completed construction contracts 138.0 138.5 0.5 0.4% 553.7 300.0 46.2% 600.0 46.3 23.1% Commissioned works 0.8 1.7 0.9 120.6% 4.7 2.5 66.6% 5.0 0.3 33.3% Design and supervision 1.1 1.1 0.1 7.8% 16.6 6.0 19.2% 16.4 (0.2) 7.0% Lease rentals of buildings 1.2 1.4 0.2 17.9% 5.0 2.5 55.0% 6.0 1.0 22.9% Real estate sales 69.9 74.1 4.3 6.1% 237.5 99.0 74.9% 242.6 5.1 30.6% Gross profit 26.0 32.4 6.3 24.4% 108.3 61.0 53.1% 127.0 18.7 25.5% Completed construction contracts 16.9 23.7 6.8 40.5% 74.6 46.5 51.0% 93.0 18.4 25.5% Commissioned works 0.6 1.5 0.9 166.2% 3.0 1.5 97.7% 3.0 0.0 48.8% [Profit ratio of completed construction works] 12.6% 17.9% 5.3p 13.9% 15.9% 15.9% 2.0p Design and supervision 0.5 0.5 (0.0) ( 3.8%) 8.2 3.0 15.2% 8.2 0.0 5.6% Lease rentals of buildings 0.2 0.3 0.1 51.2% 1.0 0.5 65.4% 1.0 0.0 32.7% Real estate sales 7.9 6.5 (1.5) ( 18.8%) 21.5 9.5 67.9% 21.8 0.3 29.6% 11.4 11.7 0.3 2.6% 49.9 26.0 45.1% 57.0 7.1 20.6% Operating profit 14.6 20.7 6.1 41.4% 58.4 35.0 59.0% 70.0 11.6 29.5% [Operating profit ratio] 6.9% 9.5% 2.6p 7.1% 8.5% 8.0% 0.9p Financial income (expenses) * 14.9 22.8 7.9 14.8 24.0 24.7 9.9 Others, net (0.0) 0.1 0.1 1.4 - 0.3 (1.1) Ordinary profit 29.5 43.5 14.1 47.7% 74.6 59.0 73.7% 95.0 20.4 45.8% [Ordinary profit ratio] 14.0% 20.1% 6.1p 9.1% 14.4% 10.9% 1.8p Extraordinary income or loss (0.1) (0.0) 0.1 (2.7) - - 2.7 29.4 43.5 14.1 48.1% 71.9 59.0 73.7% 95.0 23.1 45.8% Income taxes - current 3.2 4.2 1.0 22.1 Income taxes - deferred 1.5 2.4 0.8 (0.4) Profit 24.6 37.0 12.3 50.1% 50.2 46.5 79.5% 69.0 18.8 53.6% 1.0 1.0 0.0 5.1% Selling, general and administrative expense Change % Depreciation and amortization, excluding goodwill-amortization Profit before income taxes 12.5 26.0 4.4 * Interest income + Dividend income - Interest expenses - Incidental expenses for loan The FY2026 forecasts for extraordinary income or loss, profit before income taxes, and profit for the interim and full-year periods have been revised. For details, please refer to Consolidated financial results for the Three Months Ended June 30, 2026 released on the same date.
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Summary of Consolidated Balance Sheets 19 Billions of yen Change Change Amount ％ Amount ％ Current assets: 1,052.0 990.9 (61.1) (5.8%) Current liabilities: 398.3 321.2 (77.1) (19.4%) Cash and deposits 280.0 230.3 (49.7) (17.7%) Notes payable, accounts payable for construction contracts and other 101.8 94.7 (7.1) (7.0%) Notes receivable, accounts receivable from completed construction contracts and other 137.6 111.0 (26.6) (19.3%) Electronically recorded obligations 42.3 40.5 (1.7) (4.0%) Securities 11.8 1.0 (10.8) (91.9%) Short-term borrowings - 0.5 0.5 -% Costs on construction contracts in progress 13.9 16.1 2.2 16.2% Current portion of long-term borrowings 10.0 - (10.0) (100.0%) Real estate for sale 254.8 243.5 (11.3) (4.4%) Advances received on construction contracts in progress 63.2 70.5 7.3 11.5% Costs on real estate business 296.4 317.7 21.3 7.2% Deposits received 68.4 46.2 (22.2) (32.5%) Real estate for development 35.5 37.3 1.8 5.1% Other 112.6 68.7 (43.9) (39.0%) Other 22.2 34.2 12.0 53.9% Non-current liabilities: 456.0 461.2 5.3 1.2% Allowance for doubtful accounts (0.1) (0.1) (0.0) -% Bonds payable 80.0 80.0 - -% Long-term borrowings 335.0 338.0 3.0 0.9% Other 41.0 43.2 2.3 5.5% Total liabilities 854.3 782.4 (71.9) ( 8.4%) Non-current assets: 365.8 362.1 (3.6) (1.0%) Shareholders' equity: 510.7 518.9 8.2 1.6% Property, plant and equipment + Leasehold interests in land 144.7 140.8 (3.9) ( 2.7%) Share capital 57.5 57.5 - -% Goodwill 1.6 1.5 (0.1) (3.2%) Capital surplus 7.6 7.6 - -% Investment securities 146.3 145.8 (0.5) (0.3%) Retained earnings 489.4 497.4 7.9 1.6% Deferred tax assets 0.2 0.2 0.0 3.7% Treasury shares (43.9) (43.6) 0.3 -% Other 74.1 74.9 0.9 1.1% 52.0 51.0 (1.1) (2.1%) Allowance for doubtful accounts (1.1) (1.1) (0.0) -% Valuation difference on available-for-sale securities 20.8 17.8 (3.0) ( 14.5%) Foreign currency translation adjustment 24.2 26.2 2.0 8.3% Remeasurements of defined benefit plans 7.0 7.0 (0.1) ( 1.3%) Non-controlling interests 0.7 0.8 0.0 6.5% Total net assets 563.5 570.6 7.2 1.3% Total assets 1,417.7 1,353.1 (64.7) ( 4.6%) 1,417.7 1,353.1 (64.7) ( 4.6%)Total liabilities and net assets Mar 2026 Jun 2026 Mar 2026 Jun 2026 Accumulated other comprehensive income:
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20 Summary of financial results of Major Subsidiaries * HASEKO Reform, Inc. has been subjected to an on-site inspection by the Japan Fair Trade Commission on suspicion of a violation of the Antimonopoly Act in connection with orders received for large-scale repair work. Billions of yen Net sales Ordinary profit Profit Net sales Ordinary profit Profit Net sales Ordinary profit Profit Haseko Corporation 210.9 29.5 24.6 216.9 43.5 37.0 870.0 95.0 69.0 Construction-Related Business Fuji Kensetsu, Co., Ltd. 9.8 0.8 0.5 6.3 0.5 0.3 40.5 3.2 2.1 Hasec, Inc. 0.2 0.2 0.1 0.2 0.1 0.1 0.9 0.6 0.4 Haseko Furnishing Co., Ltd. 2.7 0.2 0.1 3.0 0.3 0.2 10.0 0.7 0.5 Haseko Reform, Inc. * 11.6 0.5 0.3 8.2 (0.0) (0.0) 39.3 1.0 0.7 0.3 (0.1) (0.1) 1.9 0.0 0.0 12.9 0.6 0.4 Hosoda Corporation 4.6 (0.2) (0.2) 3.8 (0.3) (0.2) 25.3 0.7 0.5 WOOD FRIENDS Co., Ltd. - - - 4.0 (0.1) 0.1 24.2 0.8 0.8 Haseko Real Estate Development, Inc. 12.9 1.0 0.6 37.1 5.4 3.7 68.6 3.2 2.2 Sohgoh Real Estate, Co., Ltd. 15.2 1.4 0.9 5.8 (0.3) (0.2) 64.1 4.0 2.7 HASEKO Sohgoh Development, Inc. - (0.0) (0.0) 0.4 (0.6) (0.3) 33.4 3.0 1.9 Haseko Urbest, Inc. 2.1 (0.2) (0.2) 2.6 0.1 0.1 15.7 4.7 3.2 Haseko Real Estate, Inc. 10.7 0.0 0.0 11.3 (0.2) (0.1) 91.0 5.9 3.8 Haseko Intec, Inc. 1.3 0.0 0.0 1.6 0.1 0.1 8.9 0.9 0.6 Condominium Management and Operation Business Haseko Community, Inc. 15.0 0.9 0.7 15.0 0.9 0.6 70.0 6.0 4.1 Haseko Community Kyushu, Inc. 0.7 0.0 0.0 0.8 0.0 0.0 3.4 0.3 0.2 Haseko Community Okinawa, Inc. 0.1 0.0 0.0 0.2 0.0 0.0 0.6 0.1 0.1 Haseko Livenet, Inc. 13.9 1.5 1.0 12.7 1.3 0.9 71.3 5.9 4.1 Haseko Business Proxy, Inc. 0.9 0.1 0.0 1.0 0.0 0.0 4.4 (0.2) (0.1) Haseko Senior Well Design, Co., Ltd. 4.0 0.3 0.2 4.2 0.4 0.3 16.7 0.9 0.5 Furusato, Co., Ltd. 0.6 0.0 0.0 0.6 0.0 0.0 2.5 0.1 0.1 Haseko Links, Inc. 2.7 0.4 0.3 3.1 0.3 0.2 13.5 1.8 1.3 Overseas Business 1.3 (0.6) (0.6) 1.1 0.9 0.8 7.0 (3.4) (3.4) Consolidated 285.9 19.2 12.6 312.1 30.5 21.3 1,380.0 105.0 66.0 FY2025 FY2026 FY2026 1Q 1Q Annual forecast Haseko Homes, Co., Ltd. Real Estate-Related Business Haseko America, Inc.
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21 Number of units supplied by scale & Sales status in initial month Tokyo metropolitan area FY 2024 (From April 1, 2024 to March 31, 2025) FY 2025 (From April 1, 2025 to March 31, 2026) FY 2026 (From April 1, 2026 to June 30, 2026) Supplied Initial month sales rate Supplied Initial month sales rate Supplied Initial month sales rate Under 50 units 3,221 - - 69.3% - 3,561 - - 66.6% - 639 - - 64.0% - 50 ～ 99 units 5,903 1,005 17.0% 64.8% 55.4% 4,755 793 16.7% 61.0% 51.8% 905 169 18.7% 69.1% 55.6% 100 ～ 199 units 4,279 1,699 39.7% 61.0% 58.4% 4,496 2,430 54.0% 53.4% 49.5% 556 301 54.1% 50.0% 38.2% 200 ～ 399 units 3,439 1,834 53.3% 74.4% 71.8% 3,469 2,118 61.1% 68.3% 65.4% 878 462 52.6% 56.2% 50.2% 400 units or more 5,397 2,178 40.4% 67.1% 41.6% 5,378 2,414 44.9% 66.7% 61.2% 1,196 573 47.9% 69.9% 48.3% Total: Fiscal year base 22,239 6,716 30.2% 66.8% 56.2% 21,659 7,755 35.8% 62.9% 57.7% 4,174 1,505 36.1% 63.3% 47.7% 4,839 772 16.0% － － 4,958 1,193 24.1% － － 1,049 300 28.6% － － Total: Calendar year base 23,003 7,475 32.5% (Jan.24～Dec.24) 21,962 7,443 33.9% (Jan.25～Dec.25) 7,989 3,033 38.0% (Jan.26～Jun.26) Kansai area (*excluding Tokai area) FY 2024 (From April 1, 2024 to March 31, 2025) FY 2025 (From April 1, 2025 to March 31, 2026) FY 2026 (From April 1, 2026 to June 30, 2026) Supplied Initial month sales rate Supplied Initial month sales rate Supplied Initial month sales rate Under 50 units 2,220 - - 70.7% - 2,543 - - 78.4% - 445 - - 77.1% - 50 ～ 99 units 5,428 295 5.4% 74.3% 79.3% 5,181 138 2.7% 78.0% 52.2% 853 30 3.5% 77.4% 30.0% 100 ～ 199 units 3,856 1,115 28.9% 71.9% 58.5% 4,690 1,058 22.6% 72.7% 58.0% 1,297 334 25.8% 74.9% 70.7% 200 ～ 399 units 3,583 1,769 49.4% 79.0% 78.0% 4,109 1,716 41.8% 64.8% 60.1% 556 238 42.8% 59.2% 63.4% 400 units or more 624 307 49.2% 82.4% 69.1% 479 212 44.3% 42.2% 42.5% 290 38 13.1% 36.2% 52.6% Total: Fiscal year base 15,711 3,486 22.2% 74.6% 71.1% 17,002 3,124 18.4% 72.4% 57.9% 3,441 640 18.6% 70.0% 65.0% 1,497 171 11.4% － － 2,150 92 4.3% － － 585 10 1.7% － － 12,178 3,486 28.6% 71.6% 71.1% 13,127 3,124 23.8% 68.3% 57.9% 2,904 640 22.0% 67.5% 65.0% Total: Calendar year base 15,137 3,463 22.9% (Jan.24～Dec.24) 16,922 3,212 19.0% (Jan.25～Dec.25) 7,329 1,202 16.4% (Jan.26～Jun.26) Share Total Haseko Of which 20 stories and above Excluding studio apartment Haseko Share Total Haseko Total Haseko Share Total Haseko Of which 20 stories and above Total Haseko Share Total Haseko Total Haseko Share Total Haseko Total HasekoTotalTotal Haseko Share Total Haseko
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Six years Summary 22 Billions of yen, Thousand shares FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Consolidated Net sales 213.7 234.1 263.9 284.8 285.9 312.1 Operating profit 20.4 20.0 22.6 13.3 20.5 29.9 Ordinary profit 21.3 20.0 22.7 15.5 19.2 30.5 Profit attributable to owners of parent 14.7 13.3 15.0 10.8 12.6 21.3 Total Assets 923.7 1,022.4 1,144.9 1,219.4 1,340.9 1,353.1 Inventories * 292.2 366.2 452.3 543.2 631.5 598.5 Property, plant and equipment + Leasehold interests in land 179.0 183.1 217.5 180.5 157.8 140.8 Investment Securities (Real estate, Oveseas investments) 14.0 24.2 42.3 62.0 59.8 92.4 Total Real Estate and Overseas Investments 485.3 573.5 712.0 785.7 849.1 831.7 Interest-bearing debt balance 267.3 311.2 360.0 405.0 447.2 418.5 Equity 387.4 422.8 461.7 514.1 525.5 569.9 Equity-to-asset ratio 41.9% 41.4% 40.3% 42.2% 39.2% 42.1% Net cash provided by (used in) Operating activities 8.2 (30.6) 33.6 (88.3) (19.7) (34.2) Net cash provided by (used in) Investing activities (6.6) (10.3) (12.6) (10.2) (8.5) (6.8) Net cash provided by (used in) Financing activities (13.6) (13.2) (42.6) (22.5) (0.1) (19.9) 202.7 211.2 186.8 163.0 207.0 227.6 Number of employees 7,798 7,829 8,008 8,353 9,115 9,563 Non-Consolidated Net sales 137.0 165.3 208.2 225.4 210.9 216.9 Operating profit 12.4 13.0 18.9 12.5 14.6 20.7 Ordinary profit 20.8 21.5 29.8 18.3 29.5 43.5 Profit 16.7 17.2 23.4 14.1 24.6 37.0 Order received 50.1 57.2 111.2 119.4 128.3 248.8 Number of employees 2,523 2,510 2,523 2,569 2,779 2,888 Outstanding shares Total number of issued shares (including treasury shares) 300,794 300,794 300,794 300,794 300,794 292,479 Treasury shares 26,152 25,980 28,043 27,819 29,015 27,623 （Treasury shares remaining in the trust） [2,973] [2,797] [4,859] [4,631] [4,338] [4,123] The average number of shares 275,121 274,769 272,684 272,924 272,641 264,800 1Q Cash and cash equivalents at end of the period * Real estate for sale ＋ Costs and advances for real estate operations ＋ Real estate for development projects