Sekisui House (1928N) Stock Price & Analysis
1928N Stock Chart & Stats
- Day’s Range
- N/A
- 52-Week Range
- N/A
- Previous Close
- N/A
- Volume
- N/A
- Average Volume (3M)
- N/A
- Market Cap
- MXN 265.87B
- Enterprise Value
- MXN 3.77T
- Total Cash (Recent Filing)
- MXN 427.08B
- Total Debt (Recent Filing)
- MXN 1.88T
- Price to Earnings (P/E)
- 8.8
- Beta
- N/A
- Next Earnings
- Dec 10, 2026 (Est.)
- EPS Estimate
- 9.26
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Sustained Profitability And Margins
Gross margins (~19–20%) and operating margins (~8–10%) indicate durable pricing power and efficient project execution in homebuilding and development. Sustained margin levels help absorb cyclical volume shocks, fund reinvestment, and support long-term cash generation and shareholder returns.
Diversified Revenue Model
Sekisui House's mix of new-home sales, large-scale development and recurring rental/management income reduces reliance on a single cycle. That diversification stabilizes cash flows across housing cycles, offers multiple monetization paths for projects, and supports steadier medium-term revenue resilience.
Multi-year Revenue Growth And Return On Equity
Historic revenue expansion through 2021–2025 and ROE around 9–12% show effective capital deployment and growth execution. That track record suggests the company can scale projects and generate acceptable shareholder returns when demand normalizes, supporting medium-term recovery potential.
Bears Say
Sharp FY2026 Revenue Drop
A one-year top-line fall of -40.2% is a material structural shock that can depress margins, reduce backlog visibility, and lead to underutilized capacity. Such a large decline increases uncertainty around forward earnings, project timing, and the pace of revenue recovery over multiple quarters.
Material Rise In Leverage
Leverage climbed materially in the last two years, reducing financial flexibility and increasing interest and refinancing exposure. Higher debt limits the company's ability to weather prolonged housing weakness or fund opportunistic land/development investments without raising additional capital or cutting payouts.
Volatile Cash-Flow Conversion
Operating cash flow has lagged earnings and free cash flow was negative in FY2024–FY2025, indicating working-capital swings or heavy investment. While FY2026 FCF improved, inconsistent cash conversion raises risks to dividend coverage, reinvestment plans, and the need for external financing during downturns.
Sekisui House News
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Company Description
Sekisui House
Sekisui House, Ltd. is a prominent Japanese construction and real estate firm that specializes in the design, construction, and contracting of custom-built detached residences. Their operations extend beyond Japan, encompassing various international markets. The company's diverse activities are structured across several key segments. In addition to personalized home building, they are heavily involved in the development and construction of multi-unit rental housing, healthcare and senior living facilities, commercial properties, and hotels. Their expertise also covers significant architectural and civil engineering projects, including the construction of reinforced concrete buildings for both residential and commercial purposes. Sekisui House provides remodeling and renovation services for existing structures. Furthermore, they engage in comprehensive real estate management, offering services such as sub-leasing, property operation, and brokerage. Their commercial endeavors also include the sale of houses and developed land, as well as the full lifecycle of condominium projects, from initial design and construction through to sales. The company is also active in urban redevelopment, developing and managing office and commercial buildings, and overseeing its own property portfolio. Established in 1929, Sekisui House, Ltd. is headquartered in Osaka, Japan.
- Sector
- Consumercyclical
- Industry
- Residential Construction
- CEO
- Yoshihiro Nakai
- Employees
- 32,186
- Website
- www.sekisuihouse.co.jp
- Address
- Umeda Sky Building Tower East, Kita, OS, 531-0076, JP
Sekisui House (1928N) Earnings & Revenues
1928N Earnings Call
Earnings Call SentimentNeutral
The quarter shows a mix of clear strengths (record Q1 revenue from the MDC acquisition, solid domestic detached and rental management performance, high occupancy and strong ZEH adoption) but also material near-term challenges (notably the US single-family delivery and margin shortfall, lower consolidated profits, negative operating/free cash flow and higher interest-bearing debt). Management has identified causes (lower backlog entering the year, increased incentives/rate buydowns, goodwill/amortization impacts) and signaled mitigations (incentive/price strategy adjustments, asset sales and operational integration), but uncertainty remains on the pace of recovery in the US. Overall, the call balances meaningful growth drivers against significant profitability and cash-flow headwinds.
View all MX:1928N earnings summaries