Sekisui House Ltd (JP:1928)
:1928
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Sekisui House
(1928)
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Rating:69Neutral
Price Target:
¥3,904.00
▲(6.38% Upside)
Action:DowngradedDate:03/06/26
The score is driven primarily by mixed financial performance—solid historical profitability but a steep FY2026 revenue drop, higher leverage, and inconsistent cash-flow conversion. Valuation is a key positive with a low P/E and ~4% dividend yield, while technical signals are moderately weak in the near term.
Positive Factors
Diversified recurring revenue streams
Sekisui House earns from new-home sales, rental housing construction, condominium development, property management fees and overseas operations. This mix provides recurring fee income and diversification across development and services, reducing reliance on single-cycle home sales over 2–6 months.
Negative Factors
Sharp FY2026 revenue decline
A 40% top-line drop materially impairs fixed-cost absorption and development margins. Sustained or recurring volume declines can erode earnings and capital returns, and force slower land acquisition or project pace, undermining growth trajectory over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified recurring revenue streams
Sekisui House earns from new-home sales, rental housing construction, condominium development, property management fees and overseas operations. This mix provides recurring fee income and diversification across development and services, reducing reliance on single-cycle home sales over 2–6 months.
Read all positive factors
Sekisui House (1928) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.25T
Dividend Yield4.17%
Average Volume (3M)1.95M
Price to Earnings (P/E)9.6
Beta (1Y)0.90
Revenue Growth9.27%
EPS Growth-11.27%
CountryJP
Employees32,265
SectorConsumer Cyclical
Sector Strength84
IndustryResidential Construction
Share Statistics
EPS (TTM)131.18
Shares Outstanding663,122,200
10 Day Avg. Volume1,960,440
30 Day Avg. Volume1,950,790
Financial Highlights & Ratios
PEG Ratio1.46
Price to Book (P/B)1.04
Price to Sales (P/S)0.53
P/FCF Ratio14.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,905.00Price Target Upside6.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)358.7
Revenue Forecast (FY)¥4.36T
Sekisui House Business Overview & Revenue Model
Company Description
Sekisui House, Ltd. designs, constructs, and contracts built-to-order detached houses in Japan and internationally. The company operates through Custom Detached Houses, Rental Housing, Architectural/Civil Engineering, Remodeling, Real Estate Manag...
How the Company Makes Money
Sekisui House generates revenue primarily through the sale of residential properties, including prefabricated homes and custom-built houses. Key revenue streams include direct home sales, construction services, and real estate development projects...
Sekisui House Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
56
Neutral
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.20T | 4.06T | 3.11T | 2.93T | 2.59T |
| Gross Profit | 839.82B | 785.99B | 623.75B | 584.30B | 528.88B |
| EBITDA | 384.16B | 380.55B | 302.45B | 291.74B | 255.66B |
| Net Income | 232.09B | 217.71B | 202.33B | 184.52B | 153.91B |
Balance Sheet | |||||
| Total Assets | 5.01T | 4.81T | 3.35T | 3.01T | 2.80T |
| Cash, Cash Equivalents and Short-Term Investments | 435.18B | 390.56B | 293.15B | 332.90B | 515.28B |
| Total Debt | 1.85T | 1.90T | 774.96B | 607.20B | 549.86B |
| Total Liabilities | 2.82T | 2.79T | 1.56T | 1.34T | 1.28T |
| Stockholders Equity | 2.14T | 1.96T | 1.75T | 1.63T | 1.47T |
Cash Flow | |||||
| Free Cash Flow | 149.40B | -13.81B | -61.25B | 33.30B | 35.08B |
| Operating Cash Flow | 216.32B | 62.88B | 15.68B | 125.46B | 118.03B |
| Investing Cash Flow | -73.17B | -697.69B | -69.12B | -165.41B | -113.71B |
| Financing Cash Flow | -93.25B | 720.97B | 6.48B | -155.78B | -111.70B |
Sekisui House Technical Analysis
Negative
3670.00
Price Trends
3599.37
Negative
3471.69
Negative
3322.35
Positive
Market Momentum
-39.44
Positive
34.34
Neutral
8.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1928, the sentiment is Negative. The current price of 3670 is above the 20-day moving average (MA) of 3620.50, above the 50-day MA of 3599.37, and above the 200-day MA of 3322.35, indicating a neutral trend. The MACD of -39.44 indicates Positive momentum. The RSI at 34.34 is Neutral, neither overbought nor oversold. The STOCH value of 8.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:1928.
Sekisui House Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥654.54B | 9.63 | 5.64% | 4.02% | 0.20% | 44.96% | |
73 Outperform | ¥756.93B | 14.73 | 7.50% | 2.92% | 7.42% | -16.64% | |
69 Neutral | ¥2.25T | 9.60 | 11.84% | 4.17% | 9.27% | -11.27% | |
66 Neutral | ¥105.10B | 12.82 | ― | 4.20% | 27.02% | 45.62% | |
64 Neutral | ¥861.03B | 9.21 | 11.28% | 3.21% | 10.17% | -19.40% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | ¥114.87B | 13.82 | ― | 5.49% | -16.48% | -77.63% |
* Consumer Cyclical Sector Average
JP:1928
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Sekisui House Corporate Events
Sekisui House to Add Employment Placement Business to Articles of Incorporation
Mar 5, 2026
Sekisui House plans to amend its Articles of Incorporation to add fee-charging employment placement to its stated business purposes, subject to shareholder approval at the 75th Ordinary General Meeting on April 23, 2026. The move is intended to st...
Sekisui House Revamps Board and Audit Lineup Ahead of April Shareholders’ Meeting
Mar 5, 2026
Sekisui House has proposed a slate of director and auditor candidates for approval at its 75th ordinary shareholders’ meeting on April 23, 2026, including the reelection of CEO and President Yoshihiro Nakai and other incumbent internal and o...
Sekisui House to Cancel 11.7 Million Treasury Shares to Enhance Capital Efficiency
Mar 5, 2026
Sekisui House will cancel 11.7 million shares of its common stock, representing 1.76% of shares outstanding, with the cancellation scheduled for April 24, 2026. Following the move, the company expects to have about 651.4 million shares issued and ...
Sekisui House Lifts Earnings and Dividend, Signals Cautious Profit Outlook for FY2027
Mar 5, 2026
Sekisui House reported fiscal year 2026 consolidated net sales of ¥4.20 trillion, up 3.4% year on year, with operating profit rising 3.0% to ¥341.4 billion and profit attributable to owners of parent up 6.6% to ¥232.1 billion. The e...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.