Open House Group Co.,Ltd. [3288.T]
TOKYO, May 11 (Pulse News Wire) – Open House Group CO.,LTD. (3288.T) reported robust second quarter results, achieving record-high revenue and operating profit.
Revenue reached ¥1,800 billion, up 122.4% year-over-year, while operating profit stood at ¥817.5 billion. The strong performance was driven by solid sales in its housing-related business, particularly in urban areas offering affordable prices. The company also raised its full-year earnings forecast due to continued favorable conditions in the housing sector.
Despite geopolitical uncertainties in the Middle East, management expects ongoing demand for investment properties below ¥1 billion. Open House Group maintained a healthy capital ratio of 37.6%, with a net debt-to-equity ratio of 0.6 times. In addition, the firm confirmed plans to continue its shareholder return policy, aiming for a payout ratio of more than 50%.
The dividend per share remains unchanged at ¥166.
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