Daiwa House Group

Daiwa House Group

Message from the Management
-- To all our shareholders and investors --

In the fiscal year ended March 2022, the final year of the 6th Medium-Term Management Plan, both sales and operating income increased for the first time in 2 years despite the impact of the prolonged COVID-19 pandemic.

In the fiscal year ended March 2022, the final year of the plan, we launched a full-scale operation of the business-division based system, strengthened our risk management system in accordance with the characteristics of our business, and sought to provide valuable services to customers through the entire business value chain including Group companies. We also strengthened our development of logistics facilities through aggressive real estate investment, and have grown significantly to become a leading logistics developer. In our overseas business, we have established a business management foundation that will drive future group growth, particularly in North America.

As a result, net sales amounted to 4,439.5 billion yen, while operating income came to 383.2 billion yen and net income attributable to owners of the parent came to 225.2 billion yen.

7th Medium-Term Management Plan

The main theme of the 7th Medium‐Term Management Plan is to complete a sustainable growth model that will allow us to continue to grow in the future, even in the face of increasing uncertainty in the business environment.
Over the next five years, we will steadily promote reforms that will enable us to respond to various environmental changes in Japan and overseas. In particular, we recognize that the rising risk of climate change, soaring prices of materials and resources, and raw material supply risks are issues that must be addressed firmly by the Group as a whole. To complete a sustainable growth model, we have established three management policies: "Evolve revenue model," "Optimize management efficiency," and "Strengthen management base" and key themes for realizing them and we will steadily implement them.
By promoting these initiatives, we will evolve from a revenue model centered on contracting business to a more balanced revenue model that includes overseas and stock operations. In the final year, we aim to achieve net sales of 5,500 billion yen, operating income of 500 billion yen and net income attributable to owners of the parent of 340 billion yen.

With regard to shareholder return, our fundamental policy is to conduct investment in areas essential to growth – including real estate development, overseas projects, M&As, research and development, and production capacity – thereby raising earnings per share (EPS), so as to enhance the Group's shareholder value. We have set a target of dividend payout ratio at 35% or higher, and a minimum dividend amount per share of 130 yen. The Company will strive for stable shareholder returns and consider flexible treasury stock repurchasing.

The Daiwa House Group will continue to strive for sustainable enhancement of corporate value and creation of shareholder value with the aim of "Creating the fundamental societal infrastructure and lifestyle culture rooted in regeneration, ensuring a world where we live together in harmony embracing the Joys of Life".

We look forward to the continued support and encouragement of our shareholders, investors and all other stakeholders.

Keiichi Yoshii President, CEO and COO Takeshi Kosokabe Executive Vice President, CFO

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