Sekisui Half-Year Report 2023

Consolidated Business Results

Group Overview (April 1, 2023 to September 30, 2023)

Net Sales: 611.2 billion yen (+0.6%), Operating Profit: 41.1 billion yen (+2.0%), Ordinary Profit: 51.5 billion yen (-4.4%), Profit Attributable to Owners of Parent: 44.4 billion yen (+13.7%)

In the first half of fiscal 2023, despite sluggish domestic demand for new housing resulting in a decreased number of houses sold as well as stagnant demand for building materials and consumer goods in Europe and the U.S., sales increased as a result of a certain level of recovery of automobile production as well as growth of sales of high value-added products and positive effects from foreign exchange rates.

Overview by Business Segment (April 1, 2023 to September 30, 2023)

[Housing Company]

Net Sales: 264.8 billion yen (+1.8%), Operating Profit: 12.9 billion yen (-12.2%)

In the Housing business, the number of houses ordered decreased year-on-year due to lower purchasing intent caused by higher prices and other factors. In the Housing Renovation business, orders increased year-on-year due to reinforcement of sales structures, higher sales of solar systems and storage batteries, and increased sales of insulation renovations.

[Urban Infrastructure and Environmental Products Company]

Net Sales: 109.6 billion yen (-0.7%), Operating Profit: 8.0 billion yen (+8.5%)

In the Buildings and Infrastructures Composite Materials field, despite sluggish demand for housing, we focused on securing profit by improving selling prices. Steady progress in domestic orders for synthetic lumber (FFU) contributed to a year-on-year increase in overall net sales in the field, despite slow sales overseas due to delayed orders and other factors.