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Japan's largest builder of low-cost detached houses (power builder), operating multiple homebuilder brands.
Japan's largest builder of low-cost detached houses (power builder), operating multiple homebuilder brands.
Buys land in bulk, builds standardized detached houses fast and cheaply, and sells them mostly as ready-built homes with mortgage financing from banks to buyers. It was formed in 2013 by combining several regional builders and uses standardized designs across them for cost control.
In one line: Japan's D.R. Horton for entry-level detached homes.
Moat: narrow (cost advantage, scale). Volume-driven low-cost construction model across multiple acquired homebuilder brands.
Headquarters: Tokyo, Japan · Founded: 2013 · Employees: 14,217
Size Iida (3291.T) is a Japan Consumer Discretionary company (Homebuilding) with a market value of $3.68B, the 311th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,113 on 6 Nov 2026.
Performance Over six months the shares fell 4.4%, against +8.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 7.2% over the last twelve months (peer median +8.9%); the operating margin is 6.9% (peer median 9.6%).
Valuation It trades at 8.1× forward earnings against a peer median of 14.7× (2nd cheapest of 19).
Capital Return on invested capital runs 0.1 points above its cost of capital (5.0% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥1.56T | ¥1.51T | ¥1.46T | ¥1.44T | ¥1.44T |
| Revenue growth | — | +3% | +1% | 0% | — |
| Gross profit | ¥281B | ¥258B | ¥223B | ¥200B | ¥243B |
| EBITDA | ¥127B | ¥113B | ¥95.8B | ¥75.1B | ¥116B |
| Net income | ¥70.5B | ¥63.3B | ¥50.7B | ¥37.2B | ¥75.6B |
| Free cash flow | n/a | -¥118B | ¥75.1B | -¥33.3B | -¥92.4B |
| Capital expenditure | n/a | ¥22.1B | ¥19.1B | ¥17.6B | ¥36.6B |
| Total debt | ¥846B | ¥782B | ¥647B | ¥618B | ¥554B |
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 |
|---|---|---|---|---|---|---|
| Iida 3291.T | $3.68B | -4% | +7% | 7% | 8.1× | n/a |
| Sumitomo Forestry 1911.T | $4.87B | -10% | +14% | 6% | 12.5× | 2.8% |
| D. R. Horton DHI | $41.3B | +3% | -4% | 11% | 17.4× | 7.8% |
| Open House 3288.T | $5.66B | -15% | +6% | 12% | 7.3× | -8.1% |
| Tama Home 1419.T | $486M | -26% | +2% | 2% | 20.5× | n/a |
| 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 |
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 | 3291.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.3% | +6.1% | 5th lowest of 21 |
| 6-month return | -4.4% | +8.1% | 5th lowest of 21 |
| Distance from 52-week high | -24.4% | -20.2% | 8th lowest of 21 |
| Revenue growth (TTM) | +7.2% | +8.9% | 10th lowest of 21 |
| Operating margin | 6.9% | 9.6% | 6th lowest of 21 |
| Forward P/E | 8.1× | 14.7× | 2nd cheapest of 19 |
| ROIC minus cost of capital | +0.1 pp | -1.6 pp | 8th highest of 21 |
| EV / EBITDA | 8.0× | 9.3× | 7th cheapest of 18 |
| Net debt / EBITDA | 3.4× | 1.0× | 5th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Iida 3291.T | Japan | $3.68B | -4% | +7% | 7% | 8.1× | n/a | n/a |
| Taylor Wimpey TW..L | United Kingdom | $3.88B | +5% | +9% | 10% | 16.0× | 5.9% | +6.6% |
| 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% |
| Berkeley BKG.L | United Kingdom | $4.44B | +12% | -4% | 19% | 13.0× | 1.2% | +1.6% |
| Haseko 1808.T | Japan | $4.50B | -1% | +10% | 8% | 9.9× | -11.6% | +9.5% |
| 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% |
| Green Brick Partners GRBK | United States | $2.75B | -2% | -10% | 19% | 12.2× | 7.8% | +15.9% |
| Champion Homes SKY | United States | $4.96B | +25% | +3% | 8% | 24.2× | 10.8% | +13.4% |
| 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% |
| Ruentex Development 9945.TW | Taiwan | $2.27B | +13% | +37% | 19% | n/a | -1.0% | +15.5% |
| Barratt Redrow BTRW.L | United Kingdom | $6.07B | +32% | +9% | 9% | 14.5× | 3.3% | +4.7% |
| Frontdoor FTDR | United States | $6.69B | +50% | +9% | 20% | 19.0× | 12.2% | +7.3% |
| 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 |
| Century Communities CCS | United States | $1.56B | 0% | -7% | 2% | 29.2× | n/a | n/a |