Hoosiers Holdings Co., Ltd.
3284・Prime Market・Real Estate
Real Estate Development Business
Core business developing and selling new condominiums and detached houses for families and singles nationwide
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Sales | ¥63,303 million (full year FY2026 (ending March 2026)) | ¥53,605 million (full year FY2025 (ended March 2025)) | ↑ |
| Segment Operating Profit | ¥2,695 million (full year FY2026 (ending March 2026)) | ¥4,849 million (full year FY2025 (ended March 2025)) | ↓ |
| Condominiums for Sale Units Delivered | 1,263 units (full year FY2026 (ending March 2026)) | 1,062 units (full year FY2025 (ended March 2025)) | ↑ |
| Detached Houses for Sale Units Delivered | 17 units (full year FY2026 (ending March 2026)) | 9 units (full year FY2025 (ended March 2025)) | ↑ |
| Contracted Units During Period (Transaction Value) | 1,121 units, ¥62,871 million (full year FY2026 (ending March 2026)) | 1,232 units, ¥63,826 million (full year FY2025 (ended March 2025)) | ↓ |
| Contracted Backlog at Period End (Transaction Value) | 557 units, ¥36,288 million (end of FY2026 (ending March 2026)) | 716 units, ¥35,814 million (end of FY2025 (ended March 2025)) | ↓ |
| Segment Assets | ¥49,959 million (end of FY2026 (ending March 2026)) | ¥55,518 million (end of FY2025 (ended March 2025)) | ↓ |
Business Details
The core segment led by Hoosiers Corporation and others. It develops and sells family-oriented and compact condominiums as well as new detached houses, primarily in regional cities nationwide, and also participates in the Nationwide Urban Redevelopment Business. Because revenue is recognized on a delivery basis, results tend to be uneven on a quarterly basis. For FY2026 (ending March 2026), full-year sales were ¥63,303 million and operating profit was ¥2,695 million. This core business accounts for approximately 45.7% of the Group's consolidated sales.
Recent Overview
Sales increased but operating profit fell sharply by 44.4% year-on-year, impacted by rising cost ratios
For full-year FY2026 (ending March 2026), sales increased to ¥63,303 million (up 18.1% year-on-year), but operating profit fell sharply to ¥2,695 million (down 44.4% year-on-year). Although units delivered increased year-on-year to 1,280 units (1,263 condominiums for sale and 17 detached houses), rising building material prices and cost increases due to labor shortages squeezed profits. The planned units to be delivered in FY2027 (ending March 2027) total 1,145 units (851 condominiums for sale and 294 senior units), and as of the end of FY2026 (ending March 2026), only 492 units were under contract (progress rate of 43.0%), suggesting a decrease in units delivered is expected.
Key Products
Growth Drivers
- Capturing demand for condominiums for sale in regional cities (nationwide expansion strategy)
- Converting the contracted backlog of 557 units and ¥36,288 million in transaction value at the end of FY2026 (ending March 2026) into sales in subsequent periods
- Continuation of expanded property supply under the Medium-Term Management Plan (FY2022 to FY2026 (ending March 2026))
- Securing new contracts through enhanced brand recognition of the Duo Hills series
Risks
- Risk of significant quarterly earnings fluctuations due to concentration or dispersion of delivery timing, as revenue is recognized on a delivery basis
- Risk of rising costs due to soaring building material prices and construction labor shortages (operating margin fell sharply from 9.0% in the prior period to 4.3% in FY2026 (ending March 2026))
- Impact of interest rate hikes under Bank of Japan policy on mortgage demand and purchasing power
- Risk of declining sales, as the planned units to be delivered in FY2027 (ending March 2027) (851 condominiums for sale) are expected to fall significantly short of the FY2026 (ending March 2026) actual results (1,263 units)
- The contract progress rate for condominiums for sale in FY2027 (ending March 2027) remains at only 43.0% (492 units out of 1,145 units), making contract acquisition a challenge for achieving the delivery plan
- Risk of medium- to long-term contraction in housing demand due to population decline and aging society
Last updated: June 17, 2026