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Japanese homebuilder specializing in wooden detached houses, also managing forestry and timber operations globally.
Japanese homebuilder specializing in wooden detached houses, also managing forestry and timber operations globally.
Builds wooden homes in Japan largely to order, mostly on land buyers already own, with the rest of domestic income from timber and building-materials trading. Its overseas homebuilding in the US and Australia, built up through acquisitions of local builders, has become the group's main source of growth.
In one line: Japan's answer to a vertically integrated homebuilder like a smaller PulteGroup with Weyer.
Moat: narrow (brand, scale, process know-how). Vertically integrated timber sourcing plus wooden-housing construction brand and expertise.
Headquarters: Tokyo, Japan · Founded: 1948 · Employees: 27,613
Size Sumitomo Forestry (1911.T) is a Japan Consumer Discretionary company (Homebuilding) with a market value of $4.87B, the 248th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,244 on 6 Nov 2026.
Performance Over six months the shares fell 10.2%, against +10.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 14.4% over the last twelve months (peer median +7.9%); the operating margin is 5.9% (peer median 10.0%).
Valuation It trades at 12.5× forward earnings against a peer median of 13.8× (7th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.3 points below its cost of capital (5.0% WACC).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥2.46T | ¥2.27T | ¥2.05T | ¥1.73T | ¥1.67T |
| Revenue growth | — | +10% | +18% | +4% | — |
| Gross profit | ¥548B | ¥525B | ¥503B | ¥409B | ¥393B |
| EBITDA | ¥186B | ¥205B | ¥231B | ¥172B | ¥179B |
| Net income | ¥85.0B | ¥107B | ¥117B | ¥102B | ¥109B |
| Free cash flow | n/a | ¥23.5B | -¥36.8B | ¥96.9B | ¥23.3B |
| Capital expenditure | n/a | ¥76.8B | ¥69.4B | ¥32.9B | ¥36.7B |
| Total debt | ¥1.60T | ¥769B | ¥613B | ¥424B | ¥348B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sumitomo Forestry 1911.T | $4.87B | -10% | +14% | 6% | 12.5× | 2.8% |
| Sekisui House 1928.T | $14.1B | +2% | -2% | 9% | 10.0× | -5.1% |
| Daiwa House Industry 1925.T | $19.0B | -13% | +5% | 11% | 10.3× | n/a |
| PulteGroup PHM | $24.4B | +13% | -9% | 15% | 14.3× | 4.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1911.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.2% | +7.1% | 11th highest of 21 |
| 6-month return | -10.2% | +10.9% | 4th lowest of 21 |
| Distance from 52-week high | -33.6% | -18.9% | 3rd lowest of 21 |
| Revenue growth (TTM) | +14.4% | +7.9% | 5th highest of 21 |
| Operating margin | 5.9% | 10.0% | 4th lowest of 21 |
| Forward P/E | 12.5× | 13.8× | 7th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 2.8% | 4.1% | 7th least demanding of 18 |
| Growth delivered (Del g) | +15.2% | +8.3% | 6th highest of 18 |
| Hurdle (Req g minus delivered) | -12.4 pp | -1.4 pp | 6th least demanding of 18 |
| ROIC minus cost of capital | -1.3 pp | -0.9 pp | 10th lowest of 21 |
| EV / EBITDA | 12.2× | 9.2× | 7th most expensive of 19 |
| Net debt / EBITDA | 7.3× | 1.0× | most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sumitomo Forestry 1911.T | Japan | $4.87B | -10% | +14% | 6% | 12.5× | 2.8% | +15.2% |
| Cavco Industries CVCO | United States | $4.87B | +32% | +12% | 10% | 24.2× | 15.2% | +15.2% |
| Champion Homes SKY | United States | $4.96B | +25% | +3% | 8% | 24.2× | 10.8% | +13.4% |
| Haseko 1808.T | Japan | $4.50B | -1% | +10% | 8% | 9.9× | -11.6% | +9.5% |
| Berkeley BKG.L | United Kingdom | $4.44B | +12% | -4% | 19% | 13.0× | 1.2% | +1.6% |
| Persimmon PSN.L | United Kingdom | $5.64B | +22% | +17% | 11% | 13.0× | n/a | n/a |
| Open House 3288.T | Japan | $5.66B | -15% | +6% | 12% | 7.3× | -8.1% | +18.2% |
| Barratt Redrow BTRW.L | United Kingdom | $6.07B | +32% | +9% | 9% | 14.5× | 3.3% | +4.7% |
| Taylor Wimpey TW..L | United Kingdom | $3.88B | +5% | +9% | 10% | 16.0× | 5.9% | +6.6% |
| Iida 3291.T | Japan | $3.68B | -4% | +7% | 7% | 8.1× | n/a | n/a |
| Frontdoor FTDR | United States | $6.69B | +50% | +9% | 20% | 19.0× | 12.2% | +7.3% |
| Bellway p.l.c BWY.L | United Kingdom | $3.42B | +19% | +14% | 10% | 15.4× | 3.2% | +0.3% |
| M/I Homes MHO | United States | $3.29B | 0% | -6% | 8% | 12.8× | 8.3% | +7.7% |
| Chengdu Hi-Tech Development 000628.SZ | China | $3.10B | -39% | -32% | 4% | n/a | 57.5% | -2.1% |
| KB Home KBH | United States | $3.08B | +2% | -21% | 5% | 14.9× | 15.2% | +8.3% |
| Green Brick Partners GRBK | United States | $2.75B | -2% | -10% | 19% | 12.2× | 7.8% | +15.9% |
| Ruentex Development 9945.TW | Taiwan | $2.27B | +13% | +37% | 19% | n/a | -1.0% | +15.5% |
| Cairn Homes CRN.L | United Kingdom | $1.92B | +18% | +44% | 18% | 11.9× | -0.7% | +28.6% |
| GS Engineering & Construction 006360.KS | South Korea | $1.86B | -22% | -15% | 3% | 16.8× | -9.8% | +4.2% |
| Katitas 8919.T | Japan | $1.69B | +11% | +20% | 12% | 18.6× | n/a | n/a |
| Toll Brothers TOL | United States | $14.1B | +11% | -1% | 14% | 11.5× | 4.1% | +9.2% |