Sekisui House Profit Jumps 23% While International Profit Nearly Vanishes
Half-year net profit at Sekisui House rose 23% to ¥125.1bn on strong urban-redevelopment sales and property disposals to Sekisui House REIT Investment Corporation, even as its international segment, mostly US operations, saw operating profit collapse 93% to about ¥1.0bn amid American buyer hesitancy and heavier sales incentives.