Iida Group Holdings Co., Ltd. (TSE: 3291), Japan's largest builder of built-for-sale detached houses, reported results for the year ended March 31, 2026 under IFRS. Revenue rose 3.4% to ¥1,508,864m, operating profit rose 17.4% to ¥94,444m, pre-tax profit rose 21.0% to ¥89,943m and profit attributable to owners of the parent rose 24.9% to ¥63,315m. Basic EPS was ¥229.13, up from ¥181.16.
Margins improve, U.S. expansion
Earnings grew faster than revenue as profitability improved, and the group significantly expanded its consolidation, adding 25 companies including Arnest One America Inc. and its subsidiaries and Hajime AMERICA Inc. as it entered the U.S. housing market. Operating cash flow turned negative at −¥97,485m, mainly on inventory and land build-up.
Balance sheet and dividend
Total assets were ¥2,008,739m and equity attributable to owners ¥1,020,964m, for an equity ratio of 50.8% and book value per share of ¥3,694.73. Iida raised its annual dividend to ¥100.00 (including a ¥10 commemorative interim dividend) from ¥90.00.
Outlook
For the year to March 2027, Iida guides revenue of ¥1,663,000m (+10.2%), operating profit of ¥103,600m (+9.7%), pre-tax profit of ¥95,500m (+6.2%) and profit attributable to owners of ¥65,500m (+3.5%), for EPS of ¥237.04, with the annual dividend set at ¥92.00.
| Metric | FY3/26 | FY3/25 | YoY |
|---|---|---|---|
| Revenue (¥m) | 1,508,864 | 1,459,639 | +3.4% |
| Operating profit (¥m) | 94,444 | 80,452 | +17.4% |
| Pre-tax profit (¥m) | 89,943 | 74,315 | +21.0% |
| Profit attrib. to parent (¥m) | 63,315 | 50,697 | +24.9% |
| EPS (¥) | 229.13 | 181.16 | +26.5% |
| Dividend (¥) | 100.00 | 90.00 | +11.1% |
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