Business Segment*This page is updated semi-annually.

The percentage figures for breakdown of net sales and operating income by segment

Single-Family Houses Business

Net sales in the Single-Family Houses Business amounted to 269,258 million yen (+14.3% year on year), and operating income came to 9,255 million yen (+29.2% year on year).

In Japan, orders received and sales increased year on year driven by expanded sales of “Smart Made Housing,” which combines the advantages of both custom designs and standardized houses, and the effects of various sales campaigns.

In April 2026, the Company began offering “Watashi-no Jiyuku” (My Free Zone), a dedicated space designed to suit various uses and lifestyles with consideration for sound, thereby promoting the creation of homes tailored to increasingly diverse lifestyles. In addition, the renovation and purchase-and-sale businesses of the Livness business also contributed to performance.

Overseas, orders received and houses delivered increased year on year, driven by an increase in sales communities and strengthened sales initiatives in the United States. In March 2026, Trumark Companies, LLC, which operates a single-family home business on the U.S. West Coast, acquired the single-family home business of JK Monarch Enterprises, LLC in Washington State, thereby expanding its business area.

Rental Housing Business

Net sales in Rental Housing Business amounted to 386,648 million yen (+10.7% year on year), and operating income came to 42,868 million yen (+12.6% year on year).

In this business, the Company provides proposals and support for rental housing management to help property owners build assets. In May 2026, the Company launched “MOKURIE”, wooden apartment complexes that utilize locally sourced timber. In addition, the Company sold two domestic development properties.

Daiwa Living Co., Ltd., under the “D-ROOM” rental housing brand, has been strengthening efforts to secure management contracts for ZEH-M properties (Net Zero Energy House Mansion) and promoting renovations of existing properties. These initiatives contributed to an increase in managed units and the maintenance of a high occupancy rate.

Daiwa House Chintai Reform Co., Ltd., has been promoting renovation proposals that contribute to enhancing asset value while remaining close to rental housing owners. In April 2026, it launched its wooden apartment complex business based on the business inherited from Daiwa House Wood Reform Co., Ltd.

Overseas, in the U.S., the Group focuses on promptly establishing stable operations for its properties and improving occupancy rates and profitability, while closely monitoring market trends.

Condominiums Business

Net sales in Condominiums Business amounted to 56,068 million yen (-13.6% year on year), and operating income came to 1,878 million yen (-46.5% year on year). This was mainly attributable to a decrease in the number of condominium units delivered compared with the same period of the previous fiscal year.

In this business, the Company engaged in the sale of new condominiums, mainly in the Tokyo Metropolitan area and regional hub cities. “PREMIST Tsukuba Kenkyu gakuen” (Ibaraki Prefecture), which went on sale in May 2026, was highly regarded for its living environment that combines a natural setting with everyday convenience, as well as its extensive common facilities. “MONDOMIO HOKKAIDO CHITOSE STATION FRONT” was also well received for its excellent accessibility and ability to meet diverse needs. Sales of both properties generally progressed steadily.

DAIWA LIFENEXT CO., LTD. opened “FUTATABI FUTABA FUKUSHIMA” (Fukushima Prefecture), a retreat-style hotel, in June 2026. The hotel is equipped with accommodation and conference facilities. It also opened “GRAND HOSTEL LDK Osaka Shinsekai,” a hostel accommodating up to 252 guests. The business has remained steady as a result of these developments.

Commercial Facilities Business

Net sales in Commercial Facilities Business amounted to 315,416 million yen (+9.1% year on year), and operating income came to 35,656 million yen (+0.5% year on year).

In this segment, the Company proposes various plans tailored to the business strategies of tenant companies and area characteristics. The Company is strengthening its efforts on large-scale properties and expanding its built-for-sale, which handles the entire process from development and leasing to design and construction, as well as its purchase-and-sale business. In May 2026, the Company opened “COTOE HASHIMOTO” (Kanagawa Prefecture), a neighborhood shopping center, as part of its BIZ Livness solution. This involved revitalizing a large-scale commercial facility that was 20 years old.

Daiwa Lease Co., Ltd. opened “Mito Kōbun Terrace” (Ibaraki Prefecture), a mixed-use facility developed through a Park-PFI project.

In the urban hotels business operated by Daiwa House Realty Mgt. Co., Ltd., the average occupancy rate declined due in part to a slowdown in inbound tourism demand. However, ADR (Average Daily Rate) and RevPAR (Revenue per Available Room) increased year on year.

At Royal Home Center Co., Ltd., the opening of “Royal Pro Minami-Kashiwa” (Chiba Prefecture) and “Royal Home Center 246 Mizoguchi” (Kanagawa Prefecture) brought the total number of stores nationwide to 67.

Logistics, Business & Corporate Facilities Business

Net sales in Logistics, Business & Corporate Facilities Business amounted to 368,867 million yen (+6.9% year on year), and operating income came to 54,402 million yen (+13.5% year on year).

In logistics facility development, construction commenced on four properties: “DPL Miyagi Taiwa,” “DPL Sendai Nagamachi II,” “DPL Samukawa I” (Kanagawa Prefecture) and “DPL Morioka Minami.” In addition, “DPL Kuki Miyashiro II” (Saitama Prefecture) was completed.

In the Livness Business, the Company sold “BIZ Livness Gotemba Jimba” (Shizuoka Prefecture) and “DPL Fukuoka Tobara,” while continuing to replace assets within its portfolio.

In the data center business, the Company developed a modular data center. “Module DPDC Fukushima I” in Okuma Town, Futaba District, Fukushima Prefecture, was completed in April 2026 and has commenced operations.

Fujita Corporation received orders for construction related to factories and logistics facilities, land readjustment, and infrastructure-related construction, etc., and its business progressed steadily.

At Sumitomo Densetsu Co., Ltd., orders for data center-related construction and power transmission line construction increased, and both the value of orders received and the construction order backlog remained at a high level.

In the property management business, Daiwa House Property Management Co., Ltd. signed new management contracts for a total of three logistics and other properties, bringing the number of managed buildings to 271 as of June 30, 2026.

In the logistics services business, orders in the IT business remained firm at the Daiwa Logitech Group, supported by customers’ investments in digital transformation (DX).

Daiwa Logistics Co., Ltd. opened the “Nagoya Minami Logistics Center.” As of June 30, 2026, the number of logistics centers totaled 110, representing a total floor area of approximately 429,000 tsubo (approximately 1.42 million square meters). At Wakamatsu KONPOU UNYU SOKO, Inc., logistics center utilization remained at a high level.

Overseas, the Company completed the early sale of certain buildings at “Blue Ridge Commerce Center” in the U.S.

Environment and Energy Business

Net sales in Environment and Energy Business amounted to 32,044 million yen (+14.6% year on year), and operating income came to 4,943 million yen (+12.9% year on year).

In this business, the Group operates three businesses: the EPC business, PPS business and IPP business.

In the EPC business, the Company contributed to the wider adoption of renewable energy through the expansion of off-site PPAs (Power Purchase Agreements).

In the PPS business, although wholesale electricity market prices rose due to increases in fuel prices and other factors, the Company improved business stability and secured earnings by procuring most of its power supply through bilateral contracts.

As a new initiative, the Company has been conducting a demonstration project for a grid-scale battery storage facility at its Kyushu Plant in preparation for entering the battery storage business. Construction has been completed, and operations are scheduled to commence in September 2026.

Overseas, the Company focused on exploring new on-site PPA project opportunities through its joint venture with WHA Corporation in Thailand.

Other Businesses