Latest Tokyo Brief coverage on DAIWA HOUSE INDUSTRY CO., LTD., tracking filings, financial news, and market signals from Japan.
TSE:1925
Daiwa House Industry's three subordinated bonds run 35 to 40 years with first call dates in 2031, 2033 and 2036, and net proceeds of ¥228.3bn are planned to go toward short-term borrowings the company plans to repay by the end of October.
Daiwa House REIT expects a ¥4.19bn gain from selling two logistics facilities, one to the parent of its asset manager, and plans to split the larger sale across two periods to smooth distributions.
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.
Current holdings disclosed by tracked funds.