Open House Group Founder Steps Down After Record Profits, $400M Personal Gain

Masaaki Arai stepped down as president and CEO of Open House Group in October after turning 60, handing leadership to a company veteran. Arai founded the Tokyo-based property firm in 1997 and built it from a real estate brokerage into a residential housing developer. He retains a board seat.

34 trillion for the year through September 2025. Soaring condominium prices, higher wages and an influx of people into urban areas drove sales of its lower-priced single-family homes, which account for half of revenue. , a market the company entered in 2010, rose by 25% on robust demand from affluent Japanese investors.

The company estimates fiscal 2026 will be another record year with double-digit rises in both revenue and earnings. 4 billion.