First Juken Co., Ltd.
8917・Standard Market・Real Estate
Detached Housing Business
Core segment for Detached Housing Sales and Contracted Construction, operating nationwide with a focus on the Kinki region
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales (H1, FY2026 ending October 2026) | ¥18,277 million | ¥20,054 million (H1, FY2025 ending October 2025) | ↓ |
| Segment profit (H1, FY2026 ending October 2026) | ¥1,645 million | ¥1,429 million (H1, FY2025 ending October 2025) | ↑ |
| Detached housing units sold (H1, FY2026 ending October 2026) | 462 units (399 detached houses, 63 land subdivision lots) | 543 units (H1, FY2025 ending October 2025) | ↓ |
| Contracted construction units delivered (H1, FY2026 ending October 2026) | 95 units | 108 units (H1, FY2025 ending October 2025) | ↓ |
| Segment sales (full year, current fiscal year) | ¥40,976 million | － | — |
| Segment profit (full year, current fiscal year) | ¥3,137 million | － | — |
Business Details
Operating in the Kinki region, Aichi Prefecture, Hiroshima Prefecture, Fukuoka Prefecture, Chiba Prefecture, Saitama Prefecture and other areas, the group as a whole—including consolidated subsidiaries Aoi Construction (Kanagawa, Tokyo) and KHC Corporation (Hyogo Prefecture)—develops Detached Housing Sales, land subdivision sales, Contracted Construction (Custom-Built Homes and the standardized custom-built product "Order Cube System"), and ancillary services. The company uses conventional construction methods (wooden post-and-beam construction), with a standard specification of a 28-tsubo building footprint and 4LDK layout on approximately 30-tsubo lots. Construction work is outsourced to external contractors, adopting a lean, specialized-staff model that focuses on quality, cost, process, and safety management.
Recent Overview
Units sold declined but profit margins improved markedly; interim segment profit up 15.1% year on year
In the six months ended April 2026 (November 2025 to April 2026), sales in the Detached Housing Business decreased to ¥18,277 million (down 8.9% year on year), while segment profit rose sharply to ¥1,645 million (up 15.1% year on year). Although units sold were limited to 462 (down 14.9% year on year) due to a decline in completed inventory at the start of the period and selective land acquisition, improvements in the quality of real estate held for sale, enhanced design, and thorough cost control increased the number of properties generating appropriate profit margins, leading to a marked improvement in profitability. Efforts to strengthen synergies with KHC (regular consultations, information sharing, and operational cooperation) also continue.
Key Products
Growth Drivers
- Improving profit margins driven by selective land acquisition and enhanced cost management through value engineering
- Enhanced product appeal and profitability through synergies with KHC Corporation (regular consultations, information sharing, and business cooperation)
- High-value-added custom-built homes, a strength of KHC, contributing to improved profitability across the business as a whole
- Strengthened land acquisition for future expansion of units sold (real estate for sale in process increased during the interim period)
- Deepening of business areas through multi-location expansion into the Kinki region, Aichi, Kanagawa, Fukuoka, and other areas
Risks
- Risk that rising land prices and construction costs will be difficult to pass on to sales prices, compressing profit margins
- Weakening purchase intent among first-time homebuyers due to a gradual rise in mortgage interest rates
- Sluggish growth in units sold due to lower levels of completed inventory at the start of the period (interim units sold down 14.9% year on year)
- Increasing difficulty securing construction capacity and rising construction costs due to a declining and aging construction workforce
- Intensifying competition with rivals and increasing difficulty securing profitable land for subdivision
Last updated: January 22, 2026