D 
Daiwa House Industry Co 1925.T · JPY
Real Estate · Real Estate Management & Development · Tokyo Stock Exchange · 🇯🇵 Japan
2,310.5
+1.14%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥5.58trn
FY2017FY2026
Net income
¥350.57bn
FY2017FY2026
Free cash flow
−¥304.56bn
FY2017FY2026
Shareholders' equity
¥2.90trn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.58trn | ¥5.43trn | ¥5.20trn | ¥4.91trn | ¥4.44trn | ¥4.13trn | ¥4.38trn | ¥4.14trn | ¥3.80trn | ¥3.51trn |
| Gross profit | ¥1.22trn | ¥1.10trn | ¥992.41bn | ¥955.20bn | ¥864.68bn | ¥826.88bn | ¥870.21bn | ¥842.77bn | ¥793.83bn | ¥721.31bn |
| Research and development | — | ¥10.82bn | ¥10.91bn | ¥10.43bn | ¥9.50bn | ¥10.21bn | ¥10.13bn | ¥9.68bn | ¥8.79bn | ¥8.38bn |
| Operating income | ¥614.29bn | ¥546.28bn | ¥469.01bn | ¥465.37bn | ¥383.26bn | ¥357.12bn | ¥381.11bn | ¥372.19bn | ¥347.14bn | ¥310.09bn |
| Net income | ¥350.57bn | ¥325.06bn | ¥298.75bn | ¥308.40bn | ¥225.27bn | ¥195.08bn | ¥233.60bn | ¥237.44bn | ¥236.36bn | ¥201.70bn |
| Diluted earnings per share | 566.03 | 525.24 | 477.19 | 469.37 | 341.91 | 297.59 | 356.83 | 359.09 | 356.06 | 303.39 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥8.41trn | ¥7.05trn | ¥6.53trn | ¥6.14trn | ¥5.52trn | ¥5.05trn | ¥4.63trn | ¥4.33trn | ¥4.04trn | ¥3.56trn |
| Cash and short-term investments | ¥434.57bn | ¥333.60bn | ¥450.58bn | ¥361.66bn | ¥345.20bn | ¥426.53bn | ¥282.25bn | ¥280.75bn | ¥332.85bn | ¥218.75bn |
| Total liabilities | ¥5.39trn | ¥4.33trn | ¥4.01trn | ¥3.75trn | ¥3.41trn | ¥3.16trn | ¥2.85trn | ¥2.69trn | ¥2.52trn | ¥2.23trn |
| Debt | — | ¥2.46trn | ¥2.22trn | ¥1.97trn | ¥1.55trn | ¥1.38trn | ¥1.14trn | ¥834.33bn | ¥817.62bn | ¥667.49bn |
| Shareholders' equity | ¥2.90trn | ¥2.61trn | ¥2.44trn | ¥2.28trn | ¥2.02trn | ¥1.84trn | ¥1.73trn | ¥1.60trn | ¥1.47trn | ¥1.31trn |
| Shares outstanding | 619m | 619m | 626m | 657m | 659m | 656m | 655m | 661m | 664m | 665m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥189.28bn | ¥420.56bn | ¥302.29bn | ¥230.30bn | ¥336.44bn | ¥430.31bn | ¥149.65bn | ¥355.60bn | ¥382.37bn | ¥287.69bn |
| Capital spending | −¥493.83bn | −¥381.79bn | −¥356.05bn | −¥486.52bn | −¥410.98bn | −¥334.70bn | −¥291.47bn | −¥255.94bn | −¥276.94bn | −¥323.18bn |
| Free cash flow | −¥304.56bn | ¥38.77bn | −¥53.75bn | −¥256.22bn | −¥74.55bn | ¥95.62bn | −¥141.82bn | ¥99.66bn | ¥105.42bn | −¥35.50bn |
| Dividends paid | −¥95.89bn | −¥95.64bn | −¥87.52bn | −¥86.09bn | −¥79.24bn | −¥72.56bn | −¥79.02bn | −¥74.61bn | −¥64.62bn | −¥56.52bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.41trn | ¥1.55trn | ¥1.40trn | ¥1.34trn | ¥1.29trn | ¥1.48trn | ¥1.30trn | ¥1.37trn |
| Gross profit | ¥300.64bn | ¥376.05bn | ¥306.93bn | ¥265.22bn | ¥274.11bn | ¥298.53bn | ¥274.69bn | ¥262.52bn |
| Operating income | ¥130.65bn | ¥307.48bn | ¥142.19bn | ¥103.28bn | ¥118.12bn | ¥189.06bn | ¥122.57bn | ¥112.81bn |
| Net income | ¥83.19bn | ¥125.21bn | ¥87.64bn | ¥61.48bn | ¥76.24bn | ¥88.23bn | ¥80.49bn | ¥64.95bn |
| Diluted earnings per share | 134.33 | 202.17 | 141.61 | 99.34 | 123.19 | 142.56 | 128.57 | 103.74 |
| Total assets | ¥8.62trn | ¥8.41trn | ¥7.88trn | ¥7.36trn | ¥7.22trn | ¥7.05trn | ¥6.96trn | ¥6.90trn |
| Cash and short-term investments | ¥459.86bn | ¥434.57bn | ¥390.62bn | ¥348.46bn | ¥397.79bn | ¥333.60bn | ¥427.40bn | ¥528.94bn |
| Debt | ¥1.56trn | ¥3.09trn | ¥1.25trn | ¥2.68trn | ¥803.78bn | ¥2.33trn | ¥734.48bn | ¥2.32trn |
| Shareholders' equity | ¥2.91trn | ¥2.90trn | ¥2.73trn | ¥2.65trn | ¥2.61trn | ¥2.61trn | ¥2.51trn | ¥2.58trn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.3% | 6.2% | 5.7% |
| Operating income | 9.7% | 11.5% | 9.7% |
| Net income | 4.4% | 12.4% | 13.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.1% | 20.2% | 20.1% | 20.2% |
| Operating margin | 10.5% | 9.9% | 9.6% | 9.2% |
| Net margin | 6.1% | 6.1% | 5.7% | 5.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.1 | 5.0 | 5.1 | 4.5 | 4.4 | 5.6 | 4.3 | 4.7 | 4.9 | 7.1 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.2 | 0.3 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 29 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 86.00 | 127.50 | 75.00 | 66.50 | 65.50 | 57.50 | 55.00 | 59.50 |
- 1-to-1 reverse split · 1 Aug 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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