Interim report
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Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepan cy between this translated document and the Japanese original, the original shall prevail. September 10, 2026 Consolidated Financial Results for the Six Months Ended July 31, 2026 (Under Japanese GAAP) Company name: Sekisui House, Ltd. Listing: Tokyo Stock Exchange, Nagoya Stock Exchange Securities code: 1928 URL: https://www.sekisuihouse.co.jp/english Representative: Yoshihiro Nakai Representative Director of the Board, CEO, President, Executive Officer Inquiries: Hiroyuki Kawabata Operating officer, Head of Investor Relations Department Telephone: +81-6-6440-3111 Scheduled date to file semi-annual securities report: September 11, 2026 Scheduled date to commence dividend payments: September 30, 2026 Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes –for institutional investors and analysts, in Japanese (Yen amounts are rounded down to millions, unless otherwise noted.) 1. Consolidated financial results for the six months ended July 31, 2026 (from February 1, 2026 to July 31, 2026) (1) Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Six months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % July 31, 2026 1,965,644 (2.5) 180,370 16.0 169,081 23.8 125,053 23.1 July 31, 2025 2,015,408 8.4 155,473 (1.1) 136,600 (7.2) 101,603 (17.4) Note: Comprehensive income For the six months ended July 31, 2026: ¥ 158,303 million [ - %] For the six months ended July 31, 2025: ¥ (19,356) million [ - %] Basic earnings per share Diluted earnings per share Six months ended Yen Yen July 31, 2026 192.90 192.87 July 31, 2025 156.76 156.73 (2) Consolidated financial position Total assets Net assets Equity-to-asset ratio As of Millions of yen Millions of yen % July 31, 2026 5,115,320 2,302,992 44.0 January 31, 2026 5,006,637 2,188,237 42.7 Reference: Equity As of July 31, 2026: ¥ 2,249,487 million As of January 31, 2026: ¥ 2,139,555 million 2. Cash dividends Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended - 72.00 - 72.00 144.00 January 31, 2026 Fiscal year ending - 72.00 January 31, 2027 Fiscal year ending January 31, 2027 (Forecast) - 73.00 145.00 Note: Revisions to the forecast of cash dividends most recently announced: None
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3. Consolidated financial result forecasts for the fiscal year ending January 31, 2027 (from February 1, 2026 to January 31, 2027) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Full year 4,260,000 1.5 350,000 2.5 316,000 (3.6) 224,000 (3.5) 345.55 Note: Revisions to the financial result forecast most recently announced: Yes * Notes (1) Significant changes in the scope of consolidation during the period: None Newly included: - companies( ) Excluded: - companies( ) (2) Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of July 31, 2026 651,585,566 shares As of January 31, 2026 663,122,166 shares (ii) Number of treasury shares at the end of the period As of July 31, 2026 3,182,159 shares As of January 31, 2026 14,884,740 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Six months ended July 31, 2026 648,284,844 shares Six months ended July 31, 2025 648,141,902 shares * Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm. * Proper use of earnings forecasts, and other special matters Descriptions regarding forward looking statements, etc. contained in these materials are based on information currently available to the Company and certain assumptions judged reasonable. The Company makes no warranty as to the feasibility of its projections. Future results may differ materially from projections due to various factors. Please refer to “1. Overview of Consolidated Business Results, etc., (3) Information Regarding Consolidated Results Forecast” on page 6 of the Attached Materials for information on the conditions underlying the earnings forecasts. (Obtaining supplementary explanatory documents) The Company plans to hold a briefing for institutional investors and analysts on September 10, 2026. Relevant financial explanatory documents to be used at the briefing will be posted on our official website on the same day.
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Sekisui House, Ltd. (1928) Consolidated Financial Results for the Six Months Ended July 31, 2026 1 TABLE OF CONTENTS OF THE ATTACHED MATERIAL 1. Overview of Consolidated Business Results, etc. ----------------------------------------------------------------------------------- 4 (1) Overview of Consolidated Business Results for the Six Months Under Review -------------------------------------------- 4 (2) Overview of Consolidated Financial Conditions for the Six Months Under Review -------------------------------------- 6 (3) Information Regarding Consolidated Results Forecast ------------------------------------------------------------------------- 6 2. Semi-annual Consolidated Financial Statements and Primary Notes ------------------------------------------------------------ 7 (1) Semi-annual Consolidated Balance Sheet ------------------------------------------------------------------------------------------ 7 (2) Semi-annual Consolidated Statements of Income and Comprehensive Income ----------------------------------------------- 9 (3) Notes to Semi-annual Consolidated Financial Statements ---------------------------------------------------------------------- 11 (Notes Regarding Assumption of a Going Concern) --------------------------------------------------------------------------- 11 (Notes to Significant Changes in the Amount of Shareholders' Equity) ----------------------------------------------------- 11 (Related to Semi-annual Consolidated Balance Sheet) ----------------------------------------------------------------------------------- 11
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Sekisui House, Ltd. (1928) Consolidated Financial Results for the Six Months Ended July 31, 2026 2 Appendix: Segment breakdown for the Six Months Ended April 30, 2026 Consolidated Effective from the first six months of the consolidated fiscal year ending January 31, 2027, following a partial review of the management reporting classifications within the Group, certain segments of consolidated subsidiaries previously included in “Other” are reclassified into the “Urban redevelopment business” segment, and the allocation method for corporate expenses are reviewed. Accordingly, the breakdown by segment for the six months ended July 31, 2026 is presented based on the reclassified figures. (1) Net sales (Millions of Yen) Six months ended July 31, 2025 Six months ended July 31, 2026 YOY(%) Built-to-order Business Custom detached houses 247,001 244,168 (1.1) Rental housing and commercial buildings 269,956 264,951 (1.9) Architectural/civil engineering 158,984 151,013 (5.0) Subtotal 675,942 660,133 (2.3) Supplied Housing Business Rental housing management 357,812 368,016 2.9 Remodeling 92,885 104,766 12.8 Subtotal 450,698 472,783 4.9 Development Business Real estate and brokerage 200,010 211,490 5.7 Condominiums 57,486 56,184 (2.3) Urban redevelopment 35,633 98,416 176.2 Subtotal 293,130 366,090 24.9 Overseas Business 614,381 486,353 (20.8) Other 2,863 3,239 13.2 Eliminations and back office (21,608) (22,956) － Consolidated 2,015,408 1,965,644 (2.5) (2) Operating profit and Operating profit margin (Millions of Yen) Six months ended July 31, 2025 Six months ended July 31, 2026 YOY(%) Built-to-order Business Custom detached houses 25,308 23,990 (5.2) 10.2% 9.8% Rental housing and commercial buildings 36,642 36,665 0.1 13.6% 13.8% Architectural/civil engineering 14,959 15,036 0.5 9.4% 10.0% Subtotal 76,910 75,693 (1.6) 11.4% 11.5% Supplied Housing Business Rental housing management 37,032 41,745 12.7 10.3% 11.3% Remodeling 13,092 15,035 14.8 14.1% 14.4% Subtotal 50,125 56,781 13.3 11.1% 12.0% Development Business Real estate and brokerage 14,309 16,771 17.2 7.2% 7.9% Condominiums 8,564 15,742 83.8 14.9% 28.0% Urban redevelopment 5,086 27,352 437.7 14.3% 27.8% Subtotal 27,960 59,865 114.1 9.5% 16.4% Overseas Business 15,234 1,036 (93.2) 2.5% 0.2%
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Sekisui House, Ltd. (1928) Consolidated Financial Results for the Six Months Ended July 31, 2026 3 Other 377 360 (4.3) 13.2% 11.1% Eliminations and back office (15,133) (13,367) － Consolidated 155,473 180,370 16.0 7.7% 9.2% The bottom row indicates the operating profit margin. (3) Orders (Millions of Yen) Six months ended July 31, 2025 Six months ended July 31, 2026 YOY(%) Built-to-order Business Custom detached houses 248,091 250,063 0.8 Rental housing and commercial buildings 307,326 296,527 (3.5) Architectural/civil engineering 188,288 168,499 (10.5) Subtotal 743,706 715,090 (3.8) Supplied Housing Business Rental housing management 357,812 368,016 2.9 Remodeling 96,210 113,432 17.9 Subtotal 454,023 481,448 6.0 Development Business Real estate and brokerage 202,588 208,308 2.8 Condominiums 57,056 75,623 32.5 Urban redevelopment 23,632 74,453 215.0 Subtotal 283,278 358,385 26.5 Overseas Business 660,817 794,669 20.3 Other 2,959 3,313 12.0 Eliminations and back office (18,552) (27,976) － Consolidated 2,126,233 2,324,930 9.3 (4) Order backlog (Millions of Yen) As of January 31, 2026 As of July 31, 2026 YOY (%) Built-to-order Business Custom detached houses 240,413 246,308 2.5 Rental housing and commercial buildings 600,041 631,618 5.3 Architectural/civil engineering 416,960 434,445 4.2 Subtotal 1,257,415 1,312,372 4.4 Supplied Housing Business Rental housing management － － － Remodeling 41,929 50,594 20.7 Subtotal 41,929 50,594 20.7 Development Business Real estate and brokerage 88,994 85,813 (3.6) Condominiums 115,863 135,302 16.8 Urban redevelopment 23,963 － － Subtotal 228,820 221,115 (3.4) Overseas Business 295,099 603,415 104.5 Other 1,030 1,104 7.2 Eliminations and back office (19,878) (24,898) － Consolidated 1,804,417 2,163,704 19.9
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Sekisui House, Ltd. (1928) Consolidated Financial Results for the Six Months Ended July 31, 2026 4 1. Overview of Consolidated Business Results, etc. (1) O verview of Consolidated Business Results for the Six Months Under Review During the first six months of the consolidated fiscal year under review, the Japanese economy was expected to recover moderately due t o improvements i n the employment a nd income e nvironment and the e ffects of va rious go vernment pol icies, b ut i t remained necessary to closely monitor the impact of the escalating tensions in the Middle East and fluctuations in financial and capital markets. In Japan’s housing market, the number of new ho using starts of owner-occupied houses, rental houses, and ready-built and custom- built houses remained steady, despite the continuation of rising construction costs and the upward trend in mortgage interest rates. On the other hand, in the U.S. housin g market, although there remains strong latent demand fo r new housing against the backdrop of a chronic shortage of housing supply, customers continued to take a wait-and-see attitude amid uncertainty regarding the future outlook, against the backdrop of factors such as rising mortgage interest rates and inflation. In such a business environment, to achieve th e Group’s Global Vision for 2050 “Make Home th e Happiest Place in the World,” the Group formulated the Seventh Mid-Term Management Plan (FY2026 to FY2028), which sets “Cultivating the Sekisui House Economic Sphere through Group-w ide Capabilities” in Japan and “Building a Growth Platform to Drive a Game-c hanging Transformatio n” overseas as its fundamental policies, and promoted various initiatives. As a result, for the first six months of the consolidated fiscal year under review, net sales were ¥1,965,644 million (down 2.5% year on year), operating profit was ¥180,370 million (up 16.0% year on year), ordinary profit was ¥169,081 million (up 23.8% year on year), and profit attributable to owners of parent was ¥125,053 million (up 23.1% year on year). Results by business segment are as follows. Effective from the six months ended July 31, 2026, following a partial review of the management reporting classifications within the Group, a certain segment of a consolidated subsidiary previously included in “Other” has been reclassified into the “Urban Redevelopment Business” segment, and the allocation method for corporate expenses has been reviewed. Accordingly, the comparison and analysis by segment for the six months ended July 31, 2026 is presented based on the reclassified figures. B uilt-to-Order Business (Custom detached houses) During the first six months of the consolidated fiscal year under review, net sales were ¥ 244,168 million (down 1.1% year on year) and operating profit was ¥23,990 million (down 5.2% year on year). Purchaser sentiment showed signs of weakening against the backdrop of rising mortgage interest rates and construction costs, as well as further inflation triggered by the escalating tensions in the Middle East, but customer inquiries remained generally stable, supported in part by various government measures to support home purchases. In addition, through initiatives such as uti lizing “life knit design,” a system for proposing designs, enhancement of proposal capabilities through Group c ollaboration, expansion of sales of mid- to high- end products and promotion of the SI*1 Business, we have contributed to the formation of high-quality housing stock while responding to a wide range of customer needs. Furthermore, the ratio of detached homes ZEH*2 was 96%, remaining at a high level, and we steadily strengthened the custom detached housing brand through the development of eco-friendly housing and high-value-added proposals. *1 SI: “S” refers to skeleton or structural frame-work and “I” refers to infill or exterior and interior. *2 Ratio of detached homes ZEH: Period was from April 1, 2025 to March 31, 2026. The scope of aggregation was Nearly ZEH and higher (ZEH Oriented and higher for heavy snowfall areas). ( Rental housing and commercial buildings) During the first six months of the consolidated fiscal year under review, net sales were ¥ 264,951 million (down 1.9% year on year) and operating profit was ¥36,665 million (up 0.1% year on year). We promoted area marketing initiatives centered on urban areas (S and A areas) where stable occupancy demand is expected over the long term, and focused on expanding the sale of three- and four-story rental housing and Sha Maison ZEH properties in highly convenient areas located near train stations. As proposals for long-term stable management backed by high occupancy rates and rent levels continued to be well received, the system of selling excess electricity by residents, which allows residents to realize the benefits of savings in utility costs, remained popular, and the proportion of ZEH residential units *3 reached 84%. In addition, we strengthened initiatives targeting
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Sekisui House, Ltd. (1928) Consolidated Financial Results for the Six Months Ended July 31, 2026 5 the corporate and public sectors, including proposals for ESG solutions, and promoted the acquisition of orders in non-residential fields, including ZEB. *3 Excluding dormitories and company housing (Architectural/civil engineering) During the first six months of the consolidated fiscal year under review, net sales were ¥ 151,013 million (down 5.0% year on year), and operating profit was ¥15,036 million (up 0.5% year on year). Both architectural and civil engineering businesses maintained high profit margins despite a reactionary decline following the progress of large-scale construction projects in the same period of the previous fiscal year, as they secured additional and modified projects with high profitability. Although orders decreased due to the reactionary effect from large -scale construction projects in the same period of the previous fiscal year, the favorable order environment persisted. Supplied Housing Business (Rental housing management) During the first six months of the consolidated fiscal year under review, net sales were ¥368,016 million (up 2.9% year on year), and operating profit was ¥41,745 million (up 12.7% year on year). For Sha Maison rental housing supplied in prime locations mainly in the S and A areas, Sekisui House Sha Maison PM companies further strengthened their management and service systems. For existing managed properties, we worked to maintain and improve high occupancy rates and rent levels through strategic leasing activities aimed at shortening vacancy periods, as well as value-enhancing renovations and other measures implemented at the time of tenant change. In addition, through the expansion of various services for residents driven mainly by the promotion of DX, we worked to improve resident satisfaction and strengthen the value of the Sha Maison brand. (Remodeling) During the first six months of the consolidated fiscal year under review, net sales were ¥104,766 million (up 12.8% year on year), and operating profit was ¥15,035 million (up 14.8% year on year). As for custom detached houses, against the backdrop of enhanced owner support capabilities and strengthened collaboration wit hin the Group, we promoted large -scale renovation proposals centered on proposal -based remodeling. In particular, we strengthened proposals for environmentally friendly remodeling utilizing subsidies, including large -scale renovations, insulation improvements around doors and windows, and the introduction of the latest energy-saving equipment. For rental housing, based on market analysis by area, layout, and building age, we focused on proposals for full renovations aimed at prolonging building longevity and maxim izing asset value. Development Business (Real estate and brokerage) During the first six months of the consolidated fiscal year under review, net sales were ¥211,490 million (up 5.7% year on year), and operating profit was ¥16,771 million (up 17.2% year on year). Sekisui House Real Estate, Ltd., which aims to become a real estate company specializing in housing, strengthened its systems for the purchase and sale of high -quality real estate for sale. In addition, as a result of focusing on expanding and deepening channels for inquiries, primarily from business corporations and financial institutions, sales of real estate for sale, particularly land for housing, progressed solidly. SEKISUI HOUSE noie marked its second fiscal year with progress in sales in the ready -built detached housing business, leveraging the Sekisui House Group’s technical expertise and brand strength. The brokerage business also remained s teady through sales activities leveraging collaboration within the Group and the Group’s nationwide network. (Condominiums) During the first six months of the consolidated fiscal year under review, net sales were ¥ 56,184 million (down 2.3% year on year), and operating profit was ¥15,742 million (up 83.8% year on year).
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Sekisui House, Ltd. (1928) Consolidated Financial Results for the Six Months Ended July 31, 2026 6 The delivery of properties sold, including GRAND GREEN OSAKA THE NORTH RESIDENCE (Kita-ku, Osaka City) and Grande Maison Shibuya Oyamacho (Shibuya -ku, Tokyo), progressed as planned. For the Grande Maison condominiums, stable demand has continued, supported by our focus on developing our area strategy in the central areas of Tokyo, Nagoya, Osaka, and Fukuoka. In addition, we worked to enhance brand value through the adoption of ZEH specifications for all units, the steady accumulation of certifications for Long-Life Quality Housing, and the development of GM BASE as information hubs rooted in each strategic area. These efforts proved effective, and sales of GRAND GREEN OSAKA THE SOUTH RESIDENCE (Kita-ku, Osaka City) and Grande Maison Fukuoka THE FLAG (Chuo-ku, Fukuoka City), among others, remained strong. ( Urban redevelopment) During the first six months the consolidated fiscal year under review, net sales were ¥ 98,416 million (up 176.2% year on year), and operating profit was ¥27,352 million (up 437.7% year on year). Progress included the sale of six properties to Sekisui House Reit, Inc., such as the urban rental condominium property Prime Maison Yoga Kinutakoen (Setagaya-ku, Tokyo). In addition, the occupancy rates for properties that we own remained steady. O verseas Business During the first six months of the consolidated fiscal year under review, net sales were ¥486,353 million (down 20.8% year on year), and operating profit was ¥1,036 million (down 93.2% year on year). In our U.S. homebuilding business, profit decreased due in part to a decrease in the number of units sold and delivered and the impact of incentives offered, as customers continued to take a wait-and-see attitude against the backdrop of uncertainty over the outlook for the U.S. economy. In addition, operations are being conducted under SEKISUI HOUSE U.S., Inc., which commenced operations under a “One Company” structure in January 2026. The sale of properties, including those acquired in 2025, remained steady in the U.S. master- planned community business. In the U.S. multifamily business, despite a reactionary decline after the property sales complete d in the same period of the previous fiscal year, we signed sale and purchase agreements for four properties, including The Ayer (Seattle) and residential portions of West (San Diego), and completed delivery in July 2026 (with sales to be recorded in the third quarter of the fiscal year). O ther During the first six months of the consolidated fiscal year under review, net sales were ¥ 3,239 million (up 13.2% year on year), and operating profit was ¥360 million (down 4.3% year on year). (2 ) Overview of Consolidated Financial Conditions for the Six Months Under Review Total assets increased by ¥108,682 million to ¥5,115,320 million at the end of the first six months of the consolidated fiscal year under review, mainly owing to the increases in real estate for sale. Liabilities decreased by ¥6,072 million to ¥2,812,327 million mainly due to the payment of income taxes. Net assets increased by ¥ 114,754 million to ¥ 2,302,992 million, due mainly to an increase in foreign currency translation adjustments and the recording of profit attributable to owners of parent, despite dividend payments. (3) Information Regarding Consolidated Results Forecast The consolidated results forecast for the fiscal year ending January 31, 2027, announced on March 5, 2026, has been revised as follows, based on the progress of results for the first six months of the fiscal year and the future outlook. N et sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share ¥ million ¥ million ¥ million ¥ million ¥ Previous forecast (a) 4,353,000 350,000 314,000 218,000 336.30 Revised forecast (b) 4,260,000 350,000 316,000 224,000 345.55 Amount of change (b-a) (93,000) 0 2,000 6,000 Change (%) (2.1) 0.0 0.6 2.8 (Reference) FY2025 Results 4,197,922 341,402 327,800 232,095 358.07
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Sekisui House, Ltd. (1928) Consolidated Financial Results for the Six Months Ended July 31, 2026 7 2.Semi-annual Consolidated Financial Statements and Primary Notes (1) Semi-annual Consolidated Balance Sheet (Millions of yen) As of January 31, 2026 As of July 31, 2026 Assets Current assets Cash and deposits 435,177 427,080 Notes receivable, accounts receivable from completed construction contracts and other 203,890 179,565 Costs on construction contracts in progress 13,405 15,926 Buildings for sale 1,093,574 1,149,667 Land for sale in lots 1,507,781 1,628,904 Undeveloped land for sale 433,304 397,529 Other inventories 11,930 12,557 Other 209,387 230,427 Allowance for doubtful accounts (1,000) (998) Total current assets 3,907,449 4,040,660 Non-current assets Property, plant and equipment Buildings and structures, net 178,186 172,917 Machinery, equipment and vehicles, net 16,436 17,489 Land 214,036 205,078 Construction in progress 12,168 12,315 Other, net 45,317 46,809 Total property, plant and equipment 466,146 454,610 Intangible assets Goodwill 114,581 109,346 Other 100,593 104,199 Total intangible assets 215,174 213,546 Investments and other assets Investment securities 202,295 192,528 Long-term loans receivable 23,266 24,073 Retirement benefit asset 112,861 114,113 Deferred tax assets 18,934 14,745 Other 60,823 61,352 Allowance for doubtful accounts (313) (310) Total investments and other assets 417,867 406,502 Total non-current assets 1,099,188 1,074,659 Total assets 5,006,637 5,115,320
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Sekisui House, Ltd. (1928) Consolidated Financial Results for the Six Months Ended July 31, 2026 8 (Millions of yen) As of January 31, 2026 As of July 31, 2026 Liabilities Current liabilities Notes payable, accounts payable for construction contracts 162,376 172,855 Electronically recorded obligations - operating 67,638 54,271 Short-term borrowings 414,332 394,312 Current portion of bonds payable 20,000 - Current portion of long-term borrowings 161,032 229,366 Income taxes payable 67,868 53,739 Advances received on construction contracts in progress 236,744 269,410 Provision for bonuses 46,734 31,772 Provision for bonuses for directors (and other officers) 4,901 2,265 Provision for warranties for completed construction 15,575 16,021 Other 200,968 163,916 Total current liabilities 1,398,171 1,387,934 Non-current liabilities Bonds payable 738,811 754,779 Long-term borrowings 514,714 503,842 Long-term leasehold and guarantee deposits received 44,785 41,339 Deferred tax liabilities 24,634 27,571 Provision for retirement benefits for directors (and other officers) 823 667 Retirement benefit liability 27,517 26,913 Other 68,941 69,280 Total non-current liabilities 1,420,228 1,424,393 Total liabilities 2,818,400 2,812,327 Net assets Shareholders' equity Share capital 203,300 203,580 Capital surplus 259,595 259,875 Retained earnings 1,407,164 1,453,129 Treasury shares (40,905) (8,503) Total shareholders' equity 1,829,156 1,908,081 Accumulated other comprehensive income Valuation difference on available-for-sale securities 36,079 29,531 Deferred gains or losses on hedges (442) (414) Foreign currency translation adjustment 213,570 259,248 Remeasurements of defined benefit plans 61,192 53,040 Total accumulated other comprehensive income 310,399 341,406 Share acquisition rights 58 53 Non-controlling interests 48,622 53,451 Total net assets 2,188,237 2,302,992 Total liabilities and net assets 5,006,637 5,115,320
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Sekisui House, Ltd. (1928) Consolidated Financial Results for the Six Months Ended July 31, 2026 9 (2) Semi-annual Consolidated Statements of Income and Comprehensive Income Semi-annual Consolidated Statement of Income (Millions of yen) For the six months ended July 31, 2025 For the six months ended July 31, 2026 Net sales 2,015,408 1,965,644 Cost of sales 1,616,951 1,536,852 Gross profit 398,456 428,791 Selling, general and administrative expenses 242,982 248,421 Operating profit 155,473 180,370 Non-operating income Interest income 3,725 2,465 Dividend income 1,150 1,226 Foreign exchange gains - 3,801 Share of profit of entities accounted for using equity method 1,961 4,739 Other 1,199 1,930 Total non-operating income 8,037 14,163 Non-operating expenses Interest expenses 18,889 20,187 Foreign exchange losses 1,977 - Other 6,043 5,265 Total non-operating expenses 26,910 25,452 Ordinary profit 136,600 169,081 Extraordinary income Gain on sale of investment securities 11,591 12,643 Total extraordinary income 11,591 12,643 Extraordinary losses Loss on sale and retirement of non-current assets 389 341 Total extraordinary losses 389 341 Profit before income taxes 147,802 181,382 Income taxes - current 34,595 40,768 Income taxes - deferred 9,491 13,482 Total income taxes 44,086 54,251 Profit 103,716 127,131 Profit attributable to non-controlling interests 2,113 2,077 Profit attributable to owners of parent 101,603 125,053
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Sekisui House, Ltd. (1928) Consolidated Financial Results for the Six Months Ended July 31, 2026 10 Semi-annual Consolidated Statement of Comprehensive Income (Millions of yen) For the six months ended July 31, 2025 For the six months ended July 31, 2026 Profit 103,716 127,131 Other comprehensive income Valuation difference on available-for-sale securities (5,782) (6,392) Foreign currency translation adjustment (110,510) 43,110 Remeasurements of defined benefit plans, net of tax (3,821) (8,160) Share of other comprehensive income of entities accounted for using equity method (2,958) 2,613 Total other comprehensive income (123,073) 31,171 Comprehensive income (19,356) 158,303 Comprehensive income attributable to Comprehensive income attributable to owners of parent (21,466) 156,060 Comprehensive income attributable to non-controlling interests 2,109 2,242
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Sekisui House, Ltd. (1928) Consolidated Financial Results for the Six Months Ended July 31, 2026 11 (3) Notes to Semi-annual Consolidated Financial Statements (Notes Regarding Assumption of a Going Concern) None (Notes to Significant Changes in the Amount of Shareholders' Equity) None (Related to Semi-annual Consolidated Balance Sheet) Changes in holding purpose Investment properties and others of ¥39,713 million that were recorded under “buildings and structures” and “land” at the end of the previous consolidated fiscal year have been transferred to be recorded under “buildings for sale” and “land for sale in lots.”