Open House Group Co., Ltd.
3288・Prime Market・Real Estate
Detached Housing-Related Business
Group's core business. Stable supply of reasonably priced detached housing in urban areas through an integrated manufacturing-and-sales system
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (H1 FY2026, ending March 2026) | ¥380,930 million | ¥360,949 million (H1 FY2025, ending March 2025) | ↑ |
| Operating income (H1 FY2026, ending March 2026) | ¥43,118 million | ¥40,960 million (H1 FY2025, ending March 2025) | ↑ |
| Revenue, year-on-year (H1 FY2026, ending March 2026) | +5.5% | — | ↑ |
| Operating income, year-on-year (H1 FY2026, ending March 2026) | +5.3% | — | ↑ |
| Revenue (full year FY2025, ended September 2025) | ¥671,339 million | — | ↑ |
| Operating income (full year FY2025, ended September 2025) | ¥69,507 million | — | ↑ |
Business Details
Since its founding in 1997, the company has developed an integrated manufacturing-and-sales business, starting from brokerage of new detached housing sales and expanding to encompass land acquisition, construction, and sales all within the group. Through sales centers in Tokyo, Kanagawa, Aichi, Saitama, Fukuoka, Chiba, Osaka, Hyogo, Gunma, and other areas, the company supplies reasonably priced new detached housing in highly convenient urban locations, targeting dual-income households and similar customers as its primary market. The segment consists of five sub-segments: Real Estate Brokerage (Open House), Detached Housing Development & Sale (Open House Development, Hawk One, Meldia), and Construction Contracting (Open House Architect).
Recent Overview
Continued strong demand for detached housing in urban areas resulted in year-on-year growth in both revenue and operating income
In H1 FY2026 (ending March 2026) (October 2025 to March 2026), revenue reached ¥380,930 million (up 5.5% year on year), and operating income reached ¥43,118 million (up 5.3% year on year). Demand for detached housing remains high in the urban areas where the group operates, and sales contracts leading to future deliveries are progressing favorably. The company continues to strengthen its purchasing power, product competitiveness, and sales capabilities through its integrated manufacturing-and-sales system.
Key Products
Growth Drivers
- Continued high demand for detached housing in the urban areas where the company operates
- Favorable progress in sales contracts leading to future deliveries
- Strengthening of purchasing power, product competitiveness, and sales capabilities through the integrated manufacturing-and-sales system, along with continued multi-store expansion
- Improvement in gross profit margin resulting from inventory turnover initiatives undertaken in the prior fiscal year
- Expansion of the group's sales areas and product lineup through the integration of Meldia and Eidai Holdings
Risks
- Risk of deteriorating purchasing margins due to rising land acquisition costs
- Risk of demand decline due to increased mortgage burden from rising interest rates
- Risk of increased construction costs due to rising construction expenses
- Risk of divergence between rising sales prices and customer purchasing power due to rising land prices in operating areas
- Integration risk associated with the business integration of M&A targets such as Meldia and Eidai Holdings
Last updated: January 15, 2026