Sekisui Q3 Report 2023

Consolidated Business Results

Group Overview (April 1, 2023 to December 31, 2023)

Net Sales: 923.9 billion yen (+1.3%), Operating Profit: 65.8 billion yen (+5.4%), Ordinary Profit: 72.8
billion yen (-0.8%), Profit Attributable to Owners of Parent: 58.4 billion yen (+10.7%)

In the first three quarters of fiscal 2023, net sales reached a record high 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, despite a sluggish domestic new housing market in a decreased number of houses ordered.

Operating profit reached a record high as a result of efforts to expand sales of high value-added products, secure profit, and control fixed costs, and positive effects from foreign exchange rates. Ordinary profit decreased due to a year-on-year decrease in foreign exchange gains, while quarterly profit attributable to owners of the parent reached a record high due to gains on the sale of investment securities.

Overview by Business Segment (April 1, 2023 to December 31, 2023)

[Housing Company]

Net Sales: 391.5 billion yen (+0.6%), Operating Profit: 19.4 billion yen (-9.3%)

In the first three quarters of fiscal 2023, net sales increased in the Housing Renovation business and
Real Estate business, while in the Housing business, the number of houses ordered decreased year-on-year, and net sales remained flat year-on-year. Operating profit decreased due to rising prices for component parts, including the effects of foreign exchange rates.

As for orders received 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, and higher sales of
storage batteries and insulation renovations.