KK Haseko Corporation

Latest Results (14.08.2024):

Revenue Growth

KK Haseko Corporation reported a significant increase in revenue for FY2023, with net sales rising to 1,094.4 billion yen, up from 1,027.3 billion yen in the previous fiscal year. This represents a year-on-year growth of 6.5%, driven primarily by increased orders in the construction and real estate sectors.

Profit Decline

Despite the growth in revenue, KK Haseko Corporation experienced a decline in profitability for FY2023. Operating income decreased to 85.7 billion yen from 90.2 billion yen in FY2022, and ordinary income fell to 83.3 billion yen from 88.3 billion yen. The decrease in profit margins was attributed to rising costs in construction contracts and increased SG&A expenses.

Dividend Increase

KK Haseko Corporation announced an increase in the year-end dividend per share for FY2023, raising it by 5 yen to 85 yen. This decision reflects the company's commitment to returning value to shareholders despite the challenges faced in maintaining profit margins.

Orders Received

In FY2023, KK Haseko Corporation saw a notable increase in orders received, reaching 536.9 billion yen, up 11.6% from the previous year. This growth was largely driven by a surge in orders for private-sector condominiums, indicating strong demand in the real estate market.

FY2024 Outlook

Looking ahead to FY2024, KK Haseko Corporation forecasts a 7.8% increase in net sales to 1,180.0 billion yen. However, ordinary income is expected to decrease by 4.0% to 80.0 billion yen due to continued pressure on profit margins from rising construction costs and higher SG&A expenses. The company also anticipates a record high in orders received for the second consecutive year, projected at 580.0 billion yen.