Sekisui Q1 Report 2023

Group Overview

Net Sales: 285.3 billion yen (+1.1%), Operating Profit: 15.2 billion yen (+10.4%), Ordinary Profit: 22.1
billion yen (+3.8%), Profit Attributable to Owners of Parent: 24.1 billion yen (+65.5%)

In the first quarter of fiscal 2023, the slump in the detached housing market continued and the number of houses ordered decreased year-on-year. In addition, despite sluggish demand for building materials, durable and consumer goods, and semiconductors in Europe, the U.S., and Japan and automobile production slightly below expectations, sales increased as a result of the leveling of sales and growth of sales of high value-added products.

Overview by Business Segment

[Housing Company]

Net Sales: 121.0 Billion Yen (+4.6%), Operating Profit: 3.9 Billion Yen (+38.8%)

During the first quarter of fiscal 2023, in the Housing business, despite a year-on year decrease in the number of houses ordered, unit prices were higher and there were effects from the leveling of construction work, and sales increased in the Housing Renovation business and the Town and Community Development business, resulting in higher sales and profit in this segment.

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 for insulation renovations using public subsidies.