Komori
Revision of earnings forecasts1795MASARU CORPORATIONConstruction and Materials

Notice Regarding Revisions to Earnings Forecasts for the Second Quarter (Interim Period) of the Fiscal Year Ending September 2026

The consolidated and non-consolidated earnings forecasts for the second quarter (interim period) of the fiscal year ending September 2026 have been revised. Revenue has been revised downward, while operating profit, ordinary profit and interim net income have been revised upward. The full-year forecasts remain unchanged.

Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
58.9
%
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ending September 2026 · Second quarter (interim period)Previous forecast published 14 November 2025
Net SalesConsolidated5,800→5,146million
-11.3%
Net SalesIndividual4,800→4,287million
-10.7%
Operating profitConsolidated280→444million
+58.9%
Operating profitIndividual150→379million
+152.7%
Ordinary incomeConsolidated290→452million
+56.1%
Ordinary incomeIndividual160→391million
+144.7%
Profit attributable to owners of the parentConsolidated200→291million
+46.0%
Profit attributable to owners of the parentIndividual100→264million
+164.1%
Net income per shareConsolidated224.82→327.58yen and sen
+45.7%
Net income per shareIndividual112.41→296.34yen and sen
+163.6%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

The consolidated earnings forecast was revised in line with the revision to the non-consolidated earnings forecast. On a non-consolidated basis, revenue is expected to fall below the previous forecast because the expected number of construction projects was lower than initially anticipated, construction schedules were reviewed and the timing of orders shifted. Profit is expected to exceed the previous forecast because the construction gross profit margin is expected to surpass the assumption as price pass-through progresses and changes in work conditions and other factors are reflected in construction contract amounts.

Previous-period resultsConsolidated Net Sales 5,720 / Operating profit 420 / Ordinary income 431 / Interim net income attributable to owners of the parent 276 / Interim net income per share 311.2 / Individual Net Sales 5,019 / Operating profit 389 / Ordinary income 400 / Interim net income 273 / Interim net income per share 307.48 / Period Covered Second quarter (interim period) of the fiscal year ended September 2025
Consolidated / non-consolidatedConsolidated / non-consolidated (standalone)
Revised forecast
ItemDetails
Net SalesConsolidated 5,800 / Individual 4,800 → Consolidated 5,146 / Individual 4,287(Consolidated -11.3 / Individual -10.7)
Operating profitConsolidated 280 / Individual 150 → Consolidated 444 / Individual 379(Consolidated 58.9 / Individual 152.7)
Ordinary incomeConsolidated 290 / Individual 160 → Consolidated 452 / Individual 391(Consolidated 56.1 / Individual 144.7)
Profit attributable to owners of the parentConsolidated 200 / Individual 100 → Consolidated 291 / Individual 264(Consolidated 46 / Individual 164.1)
Net income per shareConsolidated 224.82 / Individual 112.41 → Consolidated 327.58 / Individual 296.34
Fiscal Period CoveredFiscal year ending September 2026
Period CoveredSecond quarter (interim period)
Publication date of previous forecast14 November 2025
Previous-period resultsConsolidated Net Sales 5,720 / Operating profit 420 / Ordinary income 431 / Interim net income attributable to owners of the parent 276 / Interim net income per share 311.2 / Individual Net Sales 5,019 / Operating profit 389 / Ordinary income 400 / Interim net income 273 / Interim net income per share 307.48 / Period Covered Second quarter (interim period) of the fiscal year ended September 2025
Reason for the revisionThe consolidated earnings forecast was revised in line with the revision to the non-consolidated earnings forecast. On a non-consolidated basis, revenue is expected to fall below the previous forecast because the expected number of construction projects was lower than initially anticipated, construction schedules were reviewed and the timing of orders shifted. Profit is expected to exceed the previous forecast because the construction gross profit margin is expected to surpass the assumption as price pass-through progresses and changes in work conditions and other factors are reflected in construction contract amounts.
Consolidated / non-consolidatedConsolidated / non-consolidated (standalone)
Items this document does not state (2)
Details and amount of extraordinary lossDividend forecast revision

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The consolidated earnings forecast was revised in line with the revision to the non-consolidated earnings forecast. On a non-consolidated basis, revenue is expected to fall below the previous forecast because the expected number of construction projects was lower than initially anticipated, construction schedules were reviewed and the timing of orders shifted. Profit is expected to exceed the previous forecast because the construction gross profit margin is expected to surpass the assumption as price pass-through progresses and changes in work conditions are reflected in construction contract amounts.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Revisions to Earnings Forecasts for the Second Quarter (Interim Period) of the Fiscal Year Ending September 2026 | MASARU CORPORATION (1795) timely disclosure | Komori