LIXIL Reports Q1 FYE2026 Profit Growth Driven by Strong Water Business Performance

Japanese currency

JAPAN: LIXIL has reported its financial results for the first quarter of the fiscal year ending March 31, 2026, with overall profit growth supported by solid performance in its water technology segment. In Japan, increased renovation demand for water-related products and a smaller-than-expected decline in new housing sales contributed to a 3% year-on-year revenue increase, reaching ¥251.0 billion (approximately US$1.7 billion). However, revenue from LIXIL’s international operations fell by 8% to ¥121.7 billion (around US$825 million), reflecting a 4% decline when measured in local currencies.

“In the first quarter of FYE2026, we have increased profits year-on-year, despite a decrease in revenue. In our Japan business, higher profits were driven by our long-standing focus on capturing renovation demand, which has progressed steadily especially for water products. In our housing business, although core earnings achieved our plan partly due to better-than-anticipated sales for new housing, we will further strengthen sales promotion measures to expand sales of renovation products. In our international water business, the strong performance in Europe and the Middle East, including shifting to a more favorable product mix, enabled us to significantly improve core earnings. Uncertainty remains in the U.S. housing market, and we need to remain vigilant about the outlook in the overall business environment. However, large-scale structural reforms are largely complete, and we are steadily building the business foundation for growth. We will continue to deploy strategies aimed at returning to a full-fledged growth trajectory and accelerate the development of differentiated innovations that create positive social and environmental impact to ensure sustainable growth.”  

Source: Lixil