LIXIL Reports Earnings Growth Driven by Renovation Demand and Overseas Gains

LIXIL Reports Earnings Growth Driven by Renovation Demand and International Markets

Japan: LIXIL reported higher core earnings for the third quarter of the financial year ending March 2026, supported by renovation demand in Japan and improved performance in selected international markets. Revenue for the nine-month period reached JPY 1,138,500 million (USD 7,700 million / EUR 7,100 million), a marginal decline year on year. In Japan, higher sales of renovation products in water technology and housing offset lower new housing starts, while insulation window sales supported housing-related revenue. International revenue declined overall due to weaker demand in the United States and China, although growth in Europe, the Middle East and India contributed positively to performance.

Core earnings increased by 17.5 percent to JPY 36,500 million (USD 247 million / EUR 227 million), reflecting price adjustments, a higher share of renovation sales and an improved product mix internationally. LIXIL Water Technology recorded earnings growth in both Japan and overseas markets, with international core earnings rising despite lower revenue. Net profit attributable to owners of the parent improved to JPY 11,800 million (USD 80 million / EUR 73 million). The company noted that renovation demand, international market recovery in parts of Europe and Asia, and portfolio optimisation measures supported earnings, while housing market weakness and cost volatility continued to affect overall revenue trends.

Source: Lixil