Home Position Co., Ltd. (TSE: 2999) reported non-consolidated results for the nine months to May 31, 2026 (the third-quarter cumulative period of the fiscal year ending August 31, 2026) under Japanese GAAP. Net sales rose 10.4% year-on-year to ¥13,397 million, while operating profit climbed 88.0% to ¥646 million. Ordinary profit surged 145.0% to ¥463 million and nine-month net profit jumped 297.7% to ¥327 million. Basic earnings per share leapt to ¥34.92 from ¥9.23 a year earlier.
Operating leverage powers a margin recovery
Home Position is a "power builder" that develops and sells built-for-sale (bunjō) detached houses — buying land, constructing standardized homes and selling the house-and-land package, largely to first-time owner-occupiers for whom affordability is decisive. The striking feature of the nine-month result is that a relatively modest 10.4% rise in sales translated into an 88.0% jump in operating profit and a near-quadrupling of the bottom line: the operating margin widened to 4.8% from 2.8% a year earlier. Improved pricing and cost discipline on completed homes, together with the operating leverage inherent in a high-turnover housing model, lifted profitability across every line of the income statement.
Full-year guidance raised the same day
Alongside the results, Home Position published a revision of its full-year earnings forecast, lifting its targets for the year to August 31, 2026. The company now guides for net sales of ¥19,000 million (+9.4%), operating profit of ¥1,040 million (+84.5%), ordinary profit of ¥800 million (+97.5%) and net profit of ¥540 million (+39.3%), with EPS of ¥57.55. With ¥327 million of net profit already booked through nine months, the plan implies a solid but not outsized fourth quarter, and signals management's confidence that the first-half momentum will carry through the seasonally important closing months.
Financial position
Total assets stood at ¥17,155 million at the end of the third quarter, reflecting the land and work-in-progress inventory typical of a built-for-sale developer. Net assets were ¥6,014 million, leaving the equity ratio at 35.1% — a level consistent with the inventory-heavy, debt-funded nature of the power-builder business as it carries land and unsold housing stock ahead of completion and handover.
Dividend held at ¥10
Home Position plans a full-year dividend of ¥10.00 per share, payable as a ¥10.00 year-end distribution, unchanged from its earlier intention. The demand backdrop for affordable, ready-built detached homes has remained firm despite elevated construction costs, and the combination of higher sales, restored margins and an upgraded outlook underpins the retained payout as the company closes its financial year.
| Metric | 9M FY8/2026 | 9M FY8/2025 | YoY |
|---|---|---|---|
| Net sales (¥m) | 13,397 | 12,135 | +10.4% |
| Operating profit (¥m) | 646 | 344 | +88.0% |
| Ordinary profit (¥m) | 463 | 189 | +145.0% |
| Net profit (¥m) | 327 | 82 | +297.7% |
| Basic EPS (¥) | 34.92 | 9.23 | +278.3% |
| Total assets (¥m) | 17,155 | — | — |
| Net assets (¥m) | 6,014 | — | — |
| Equity ratio | 35.1% | — | — |
| Annual dividend (¥) | 10.00 | — | — |
| FY8/2026 net sales guidance (¥m) | 19,000 | — | +9.4% |
| FY8/2026 operating profit guidance (¥m) | 1,040 | — | +84.5% |
| FY8/2026 net profit guidance (¥m) | 540 | — | +39.3% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.