Sanyo Homes Corporation
1420・Standard Market・Construction
Housing Business
Core segment offering detached housing, rental housing, renovation, and related services across the four major metropolitan areas
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (Housing Business, full year FY2026 (ending March 2026)) | ¥20,549 million | ¥20,189 million | ↑ |
| Operating Loss (Housing Business, full year FY2026 (ending March 2026)) | -¥226 million | ¥5 million (operating profit) | ↓ |
| Orders Received (Housing Business, full year FY2026 (ending March 2026)) | ¥23,172 million | 112.4% year-on-year | ↑ |
| Order Backlog (Housing Business, end of FY2026 (ending March 2026)) | ¥15,314 million | 120.7% year-on-year | ↑ |
| Detached Housing ZEH Ratio (full year FY2026 (ending March 2026)) | 94% | 95% | ↓ |
| Rental Housing ZEH Ratio (full year FY2026 (ending March 2026)) | 96% (excluding Garage House) | 98% | ↓ |
| Impairment Loss (Housing Business, full year FY2026 (ending March 2026)) | ¥21 million | ¥88 million | ↑ |
Business Details
The company manufactures housing components at its factories and operates detached housing (prefabricated housing), rental welfare housing, home renovation, existing home distribution (Renewal Ryutsu), and Frontier business (solar power, storage batteries, and other eco-energy equipment, and steel-frame structure sales) across the four major metropolitan areas of Greater Tokyo, Chubu, Kinki, and the Kitakyushu-Fukuoka metropolitan area. Under the business concept of "Eco & Safety," the company is promoting an improved ZEH ratio and the provision of housing with high energy-efficiency and disaster-resistance performance. Consolidated subsidiaries Sanyo Reform Co., Ltd. and Sanyo Architect Co., Ltd. complement the business.
Recent Overview
Orders remained strong, but operating loss worsened by ¥232 million due to increased SG&A expenses; impairment losses significantly reduced
In the full year of FY2026 (ending March 2026), the Housing Business posted revenue of ¥20,549 million (up 1.8% year-on-year), a slight increase, but recorded an operating loss of ¥226 million (compared to operating profit of ¥5 million in the prior year), a deterioration of ¥232 million, due to increased SG&A expenses and other factors. Meanwhile, orders received remained strong at ¥23,172 million (112.4% year-on-year), and the order backlog also grew to ¥15,314 million (120.7% year-on-year). Impairment losses were significantly reduced to ¥21 million from ¥88 million in the prior year. The detached housing ZEH ratio declined slightly to 94% (95% in the prior year), and the rental housing ZEH ratio declined slightly to 96% (98% in the prior year).
Key Products
Growth Drivers
- Expansion of renovation orders through focus on the "Mirai Eco Housing 2026" project (a collaboration among the Ministry of Land, Infrastructure, Transport and Tourism, the Ministry of Economy, Trade and Industry, and the Ministry of the Environment)
- Appeal of high-value-added housing through improved ZEH ratio (targeting 100% for detached housing)
- Development of the vacant-home utilization and existing-home distribution market through "Renewal Ryutsu" (existing home distribution)
- Enhanced value-added rental housing through integration of pet-coexisting rental housing and smart home services
- Steady order trends with orders received of ¥23,172 million (112.4% year-on-year) and order backlog of ¥15,314 million (120.7% year-on-year), expected to contribute to next period's revenue
- Growth opportunities in expanding the Renewal Ryutsu and renovation businesses in response to the shift in housing policy from "new construction" to "stock"
Risks
- Risk of deteriorating cost ratios due to continued elevated construction material prices and rising on-site labor costs
- Risk of declining demand due to rising mortgage interest rates amid the Bank of Japan's policy rate hikes
- Structural loss recognition in interim periods due to seasonal fluctuation with revenue recognition concentrated in Q2 and Q4
- Challenges toward achieving the 100% target as the detached housing ZEH ratio declined to 94% (FY2026 (ending March 2026))
- Cost management challenges as operating losses widened despite strong orders, due to increased SG&A expenses
- Risk of impact on delivery times for petroleum-based products due to rising crude oil and naphtha prices amid escalating tensions in the Middle East
Last updated: June 23, 2026