Latest Tokyo Brief coverage on DAIWA HOUSE INDUSTRY CO., LTD., tracking filings, financial news, and market signals from Japan.
TSE:1925
Daiwa Motor Transportation is placing ¥999.8mn of new shares with homebuilder Daiwa House Industry, which becomes its largest shareholder at 9.76% while agreeing to redevelop the taxi firm's Ginza land under a lease structure that keeps construction costs off its books.
Japan's biggest homebuilder now expects ¥266bn in net profit for the year to March 2027, a 17% upgrade from its May forecast, and will raise its dividend to a pre-split ¥178 a share before an October 2-for-1 split, even as last year's one-off pension gain makes the bottom line look smaller on paper.