Heart goes on 26
Contents 1 8 1 14 16 18 Vision 24 3 36 4 41 43 44 Commitment 58 Action 73 14 16 19 136
anywhere
2 Daiwa House Group
anytime 3
anyone 5
We Build Hearts
8 Daiwa House Group
Dear Stakeholders 9
1 Daiwa House Group We are the
11
Endless Heart 12
Companies 13
Group Results Summary 26 25 24 1,528,983 1,365,913 1,224,647 13,73 74,29 72,59 2,422 2,13 6,633 23,34 13,231 11,327 45,184 4,262 37,256 1,475,197 1,358,86 1,87,658 576,534 524,19 493,49 81.88 73.26 68.16 1,53.37 959.8 92.32 2. 17. 15. 8.21 7.92 7.63 3.19 3.29 3.41 39.8 38.57 45.33 1 5,289 8 451 1 1 1 1,6 8 45 1,2 6 3 8 4 15 4 2 2 3 4 5 6 2 3 4 5 6-1 2 3 4 5 6 1.19792e+6 14 Daiwa House Group 1.18454e+6 1.22465e+6 4631 45271 5966 5216-125 37256
81.882 1.39.1 1,163 1 5,289 8 21,16 74% 68% 57% 1 1,384 544 11,921 8.2 81.88 1,53.37 % 2 9 1,2 1 6 9 3 6-1 3-2 2 3 4 5 6-18 2 3 4 5 6 2 3 4 5 6 15
Business Outline 1 1, 75 99 1 48 36 445 5 24 59.2% 28.6% 4.4% 4.% 3.8% 25 % 6, 8 5,698 45, 6 3, 5.6 4 15, 4 5 6 59.2 28.6 4.4 4 3.8 53.612 55.748 66.482 4 5 6 2 12 4 5 6 % 4, 39,418 1. 3, 276.988 363.83 445.251 8.9 7.5 2, 5. 1, 2.5 4 5 6 16 Daiwa House Group
1 8 6 66 1 8 6 63 1 12 9 121 4 4 6 2 2 3 4 5 6 4 5 6 4 5 6 % 2, 55.748 4 1,5 53.612 66.482 3 % 1,2 59.164 4 1,16 9 57.226 63.273 3 97.766 % 4,8 14.129 4,558 4 121.982 3.7 3,6 3 1, 5 1,2 1.5 2 1 6 3 1.7 2 1 2,4 1,2 2 1 4 5 6 4 5 6 4 5 6 17
Investor Information 1,11 2 1,9,, 55,664,416 27,154 % 1,, 47,44,845 73.92 1, 94,683,67 17.19 1, 21,163,7 3.85 5, 6,521,19 1.18 2, 1,939,25 1.98 1, 8,188,661 1.49 1, 2,123,46.39 1,2 9 6 1.94 2. 1,53.4 1.5 1. % 49,758 9. 32,65 5.9 13,196 2.4 12,53 2.3 11,65 2. 1,42 1.9 1, 1.8 9,499 1.7 9,29 1.7 8,654 1.6 3 2 3 4 5 6 BPS PBR.5 59.58% 3.57% 9.85% % 2 15 1 5 2 3 4 5 6 2 56 42 28 14 31.3 56.76% % 4 3 2 1 32.7% 2 7.8% 3 4 5 6 3.37% 18 Daiwa House Group
25 2 15 1 6, 4, 2, 2 3 4 5 6 23188 332 29398 38543 21218 21664 26335 1881 19938 23894 1. 16.1 89.39 89.15 84.15 9.73 8. 79.88 81.46 81.59 2142 81.95 24972 83.29 31664 87.8 4817 92.93 72359 1.73 41678 16.1 471 11.85 4975 124.27 44881 144.63 34261 126.83 3931 139.2 4472 129.88 45941 131.83 83766 161.95 5776 15.61 39333 149.15 3818 154.39 34884 141.22 42438 138.9 3736 131.34 34644 132.2 32818 134.88 37385 142.7 33423 145.98 24893 145.49 44214 15.24 33838 143.66 3182 146.71 1. 13.51 94.72 89.18 87.2 85.12 79.69 82.5 77.93 75.89 75.66 72.82 73.62 77.42 83.49 86.82 92.6 94.15 96.42 92.39 96.45 96.81 1.4 18.98 19.63 15.35 19.94 15.29 14.39 11.85 1.31 11.55 16.24 15.92 18.81 19.25 14.42 15.75 19
Vision 24 3 36 4 41 43 44
35, Hearts
One Vision 21
22 Daiwa House Group
23
Message from the CEO 24 Daiwa House Group
9-271 195 25 25 9 8 7 6 5 4 3 2 1 6 4 2 2 4 6 6 4 2 2 4 6 6 4 2 2 4 6 25
m 2 68 51 18 135 34 9 17 45 26 Daiwa House Group
Message from the CEO Vision 2 15 1 5 71 72 73 74 75 76 77 78 79 8 81 82 83 84 85 86 87 88 89 9 91 92 93 94 95 96 97 98 99 1 2 3 4 5 6 22 226 4822 149 18 261 55789 153 11267 298 64857 186 12768 338 74232 176 13375 3632 85522 126 1381 39132 9722 143 1451 44799 19965 153 18412 51868 119366 153 1647 58994 129316 15 1776 65675 13846 149 15995 69778 463 1524 121 16176 7612 1227 16322 114 1987 85227 1938 175494 116 2238 98284 2689 186212 114 24526 114499 3456 196694 121 27464 13314 4567 27254 125 3312 154369 5122 217938 14 32468 17837 5863 23446 173 36917 22987 6735 244114 166 3949 228265 7934 25883 167 41166 253999 9681 273588 167 42266 281219 1731 286983 134 41665 3188 1216 299792 142 43773 341689 14153 313193 151 46329 3762 16818 329171 156 4716 398711 1976 347497 149 49863 42797 23191 368626 163 5381 455544 2614 386522 134 48482 27
Daiwa House Group 28
Message from the CEO Vision 29
Message from the COO 3 Daiwa House Group
24 25 27 1 3,659 1 5,289 1 7, 742 1,3 1, 7.9% 8.2% 9.% 1. 2. 3. 4. 5. 8. 6. 7. 9. 31
25 3-5 3-5 3,842 2.% 1.2% 1,51 9.5% 4.1% 3,429 9.7% 4.7% 273 8.2% 1.9% 3,142 11.8% 9.6% 1,226 1.2% 5.9% 561 2.3%.2% 14 (.3%) 3.% 619 2.4%.3% 584 15,289 32 Daiwa House Group
Message from the COO Vision % 15. 1. 5. -5. 5. 1. 15. % -5. 33
Daiwa House Group 34 Endless Management System
Message from the COO Vision 35
Message from the CFO 612,542 15,46 746,264 385,256 13,175 1,367 377,642 6,555 71,798 524,19 11,12 147,759 325,893 1,358,86 36 Daiwa House Group
1,528,983 163,69 1,213,644 131,511 235,266 19,334 8,72 12,223 29,63 17,22 6,62 561 13,73 28,863 2,422 292 23,34 1,19 82,155 19,46 23,814 1,989 9,83 11,299 3,325 836 45,184 4,921 15,46 123,822 45,184 9,21 225 527 5,618 29,61 325,893 355,494 9,482 34,387 17,857 54,788 9,263 15,152 26,638 35,552 62,19 123,822 855,178 427,368 6,183 2,927 396,637 13,527 74,656 576,534 11,12 148,19 355,494 1,475,197 37
38 Daiwa House Group
Corporate Governance 4 Daiwa House Group
Risk Management and Compliance 41
42 Daiwa House Group Our Group Members
Group Business Structure 43
Corporate Management 44
45
Heartful 46 Daiwa House Group
Future through Personal Pledges 47
48 Daiwa House Group
49
5 Daiwa House Group
51
52 Daiwa House Group
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54 Daiwa House Group
55
Commitment 6 62 64 66 68 7 Our Clients Our People Our Partners Our Community Our Environment Our Quality
35, Hearts
Commitment to Society
Daiwa House Group in Society 1Our Clients 2Our People 3Our Partners 58 Daiwa House Group
4Our Community 5Our Environment 6Our Quality 59
1 Our Clients 32 6 Daiwa House Group
CS CS 61 Our Clients Commitment
2 Our People 35, 62 Daiwa House Group
63 Our People Commitment
3 Our Partners 5,3 64 Daiwa House Group
Our Partners Commitment 65
4 Our Community 11, 66 Daiwa House Group
Our Community Commitment 67
5 Our Environment 1 2 3 4 68 Daiwa House Group
Our Environment Commitment kg CO2/ 27 26 25 24 kg/ 15 14 13 12 11 kg/ 1.5 1..95.9 m 3 / 1.5 5 6 7 8 267.76 254.6 5 6 7 8 254.37 143.56 13.1 267.76 263.3 258.84 5 6 7 8 143.56 138.78 133.99 129.21 1..5 5 6 7 8 1.29 1.14 1.29 1.19 1.8.998 69
6 Our Quality 7,5 6, 4,5 3, 1,5 2 3 4 5 6 35 28 21 14 7 7 Daiwa House Group
Our Quality Commitment 71
Action 75 87 95 98 1
35, Hearts
Field of Action 73
74 Daiwa House Group
Residencial 9,95 6.4% 56 1.9% 42.4% 16.7% 37.9% 3.% 42.4 16.7 37.9 3 1 1, 1 6 12, 6. 75 45 9, 4.5 5 3 6, 3. 25 15 3, 1.5 2 3 4 5 6 2 3 4 5 6 86.3 791.98 8.63 854.574 42.932 39.134 48.265 49.775 1816 1936 1558 1816 11246 3.969 3.578 4.571 4.62 4.58 75
3,842 1 2.% 15. 1. 2 5. 25 26-5. 5. 1. 15. 2.% 3-5. 1 4 3 2 1 2 3 4 5 6 76 Daiwa House Group 348 329 326 343 334
Residential Action 49,245 2.4% 13.5% 86.5% 6 45 2.5 13.7 86.3 16, 12, 3 15 8, 4, 2 3 4 5 6 446 459 471 484 495 13725 1299 12143 1247 11585 77
32 24 16 8 2 3 4 5 6 26.7 26.6 27.8 28.6 3.1 78 Daiwa House Group
Residential Action 24 18 12 6 2 3 4 5 6 21.2 21.1 21.6 22.1 22.7 79
2.% 2 1,51 1 15. 1. 26 5. 25-5. 5. 1. 15. 2.% 3-5. 1 2 15 1 5 2 3 4 5 6 8 Daiwa House Group 132 12 121 124 144
4143 3669 3838 3727 4391 6, 4, 2, 2 3 4 5 6 6 4 2 39.7 43.3 47.2 5.9 55.3 25 25 54 5.8 19.8 2.4 1265 515 941 167 81 Residential Action
2.% 2 15. 1. 26 3,429 1 25 5. -5. 5. 1. 15. 2.% 3-5. 5. 26 25-5.. 5. 1. 15. 2.% 1-5. 1 28 21 14 7 2 3 4 5 6 82 Daiwa House Group 193 28 223 229 243
22.416 24.392 26.411 26.658 27.656 28 21 14 7 2 3 4 5 6 6 45 3 15 546 571 598 624 651 83 Residential Action
2.% 2 25 273 1 15. 1. 26 5. -5. 5. 1. 15. 2.% -5. 1 28 15.% 21 1. 14 7 5. 2 2 3 4 5 6. 5. -5. 8 6 4 2 3 26 25 1. 15. 2.% 1 84 Daiwa House Group
Residential Action 6 45 3 15 6 85
86 Daiwa House Group
Commercial Construction 4,452 22.4% 394 44.3% 71.9% 28.1% 71.9% 28.1% 71.9 28.1 1 48 1 4 4,8 1. 36 3 3,6 7.5 24 2 2,4 5. 12 1 1,2 2.5 2 3 4 5 6 2 3 4 5 6 26.785 248.13 276.988 363.83 18.35 17.631 2.668 27.323 331 2964 2932 4624 5.558 5.948 7.49 5.99 87
2.% 2 15. 25 26 3,142 1 1. 5. -5. 5. 1. 15. 2.% 3 15.% 2 1. 5. 26 25-5.. 5. 1. 15. 2.% 1-5. 1 2 15 1 5 2 3 4 5 6 88 Daiwa House Group 128.4 126.5 136.9 15.9 164.9
Commercial Construction Action 21.8% 24.2% 11.7% 6.2% 3.7% 32.4% 21.8 24.2 11.7 6.2 3.7 32.4 89
1 48 36 24 12 14548 16179 27819,m 2 34618 43516 2,8 2,1 1,4 7 2 3 4 5 6 2 3 4 5 6 716.44 86.148 199.274 2288.47 2599.768 9 Daiwa House Group
2 2.% 25 Commercial Construction Action 1,226 1 15. 1. 26 5. -5. 5. 1. 15. 2.% 3 1 12 9 6 3 15.% 2 2 3 4 5 6 1. 26 5. -5.. 5. 25 1. 15. 2.% 1-5. 91
1,6 1,2 8 4 99 1 2 3 4 5 92 Daiwa House Group
Commercial Construction Action % 3 2 1 6 7 8 9 1 2 1,53 45.3% 27.8% 6.7% 3.8% 16.4% 93
94 Daiwa House Group
Resort Hotels and Sports Life Business 664 19.3% 1 46.6% 78.1% 15.7% 6.2% 78.1 16.7 6.2 1 8 1 5. 2,4 1 6 2.5 1,8 4 1,2-1 2-2.5 6-2 2 3 4 5 6-5. 2 3 4 5 6-3 48.499 51.93 53.612 55.748 66.482-4.355-3.968.81 1.876 1.2 95
2.% 1 15. 1. -5. 5. 1. 15. 2.% 25 2-5. 25 5. 25 26 15.% Network 29 hotels 1 golf courses in Japan 1. 5. 26. 26 2 26 5. 25 1. 15. 2.% 1-5. % 3,5 6 2,8 55 2,1 5 1,4 45 7 4 2 3 4 5 6 35 96 Daiwa House Group 222.32 2515.8 273.18 2764.58 2792.34 151.86 186.362 144.325 273.72 316.99 39.8 45.3 47.4 49. 56.6
Resort Hotels and Sports Life Business Action Network 46 Sports clubs in Japan 97
Home Center Business 15. 1. 1 5. 25 26-5. 5. 1. 15. 2.% 2 15.% 2 1. 632 6.9% 5. 26 25-5.. 5. 1. 15. 2.% 11 14.4% -5. 1 1 8 1 1.2 6 4 6.9 45 3 4.6 3 2 2.3 15 1 2 3 4 5 6 2 3 4 5 6 98 Daiwa House Group
Home Center Business Action Network 4 home centers in Japan 28 21 14 7 2 3 4 5 6 3, 2,25 1,5 75 99
Other Businesses 1 15 12 9 6 1 5. 4. 3. 2. 3 1. 1,219 17.1% 45 29.% 2 3 4 5 6 1 Daiwa House Group
Other Businesses Action 11
12 Daiwa House Group
anywhere, anytime, anyone 13
Group Network RUSSIA CHINA Sapporo Beijing Tianjin Dalian NORTH KOREA Seoul SOUTH KOREA Osaka Tokyo Fukuoka Nagoya Shanghai JAPAN 14 Daiwa House Group
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A Story of Daiwa House Group 1955 1957 1959 1961 1965 1968 1969 1971 1974 1977 1978 1979 198 1983 1986 1989 1994 1995 21 23 24 25 5 26 16 Daiwa House Group
Never Stop Growing Toward Our 1th Anniversary 17
Financial 19 7 11 26 116 118 119 12 121 123
Financial Section 19
Daiwa House Group 11
111 2 1,6 1,2 8 4 3 4 5 6 1 1198 1185 1225 1366 1529 46 45.3 59.7 67.8 8.1 2 8 6 4 2 3 4 5 6 1 2 6. 4.5 3. 1.5 3 4 5 6 %
Daiwa House Group 112
1 45 8 % 16 3 6 12 15-1 2 3 4 5 6 4 2-2 2 3 5.2-13.71 37.3 4.3 45.2 4 5 6 8 4 9.55-16.7 68.16 73.26 2 81.88 3 4 5 6 113
2.4 % 2 % 6 1.8 15 45 1.2.6 2 3 4 5 6 1 5 2.1 1.86 2.1 2.4 2 1.91 3 4 5 6 3 15 157.5 174.2 177.6 159 145.1 2 3 4 5 6 114 Daiwa House Group
1,2 % 2 1 6 9 1 4 6 3 2 3 4 5 6-1 -2 167 885 92 959 153 2 3 4 5 6 2-2 2.9-17.1 7.6 7.9 8.2 3 4 5 6 115
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Corporate Data 136 Daiwa House Group
http://www.daiwahouse.com/
www.daiwahouse.com/