Revised forecast
Fiscal year ending March 2027 · Full yearPrevious forecast published 7 August 2026The 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.
On a non-consolidated basis, the early securing of construction personnel by customers, against the backdrop of labor shortages in the domestic construction business, has led to earlier scheduling of construction work and earlier decisions on additional change-order work, and is expected to increase revenue from completed construction contracts and gross profit on completed construction contracts. On a consolidated basis, revenue is expected to increase due to the revision to the non-consolidated earnings forecast, as well as the completion of the acquisition of Multiplex in October this year and the inclusion of its results. Projects in hand at domestic and overseas construction subsidiaries are progressing steadily, but the increase in income is expected to be limited by higher personnel expenses and M&A-related costs.
| Item | Details |
|---|---|
| Net Sales | ¥2,945,000 millions → ¥3,115,000 millions（+5.8%） |
| Operating profit | ¥180,000 millions → ¥205,000 millions（+13.9%） |
| Ordinary income | ¥183,000 millions → ¥210,000 millions（+14.8%） |
| Profit attributable to owners of the parent | ¥157,000 millions → ¥173,000 millions（+10.2%） |
| Net income per share | ¥228.39 / sen → ¥253.17 / sen |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Full year |
| Publication date of previous forecast | 7 August 2026 |
| Previous-period results | Consolidated: revenue of ¥2,586,258 million, operating income of ¥194,678 million, ordinary income of ¥204,195 million, net income attributable to owners of the parent of ¥173,759 million, and earnings per share of ¥249.42. Non-consolidated: revenue of ¥1,509,991 million, operating income of ¥129,952 million, ordinary income of ¥174,607 million, net income of ¥162,842 million, and earnings per share of ¥233.75. |
| Reason for the revision | On a non-consolidated basis, the early securing of construction personnel by customers, against the backdrop of labor shortages in the domestic construction business, has led to earlier scheduling of construction work and earlier decisions on additional change-order work, and is expected to increase revenue from completed construction contracts and gross profit on completed construction contracts. On a consolidated basis, revenue is expected to increase due to the revision to the non-consolidated earnings forecast, as well as the completion of the acquisition of Multiplex in October this year and the inclusion of its results. Projects in hand at domestic and overseas construction subsidiaries are progressing steadily, but the increase in income is expected to be limited by higher personnel expenses and M&A-related costs. |
| Consolidated / non-consolidated | Consolidated / non-consolidated (standalone) |
Items this document does not state (2)
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.On a non-consolidated basis, in the domestic construction business, the labor shortage has strengthened customers’ tendency to secure construction personnel early. This has led to earlier scheduling of construction work and earlier decisions on additional change-order work, and is expected to increase revenue from completed construction contracts and gross profit on completed construction contracts. On a consolidated basis, in addition to the revision to the non-consolidated earnings forecast, revenue growth was driven by the completion of the acquisition of Multiplex in October 2026 and the inclusion of its results, as well as steady progress on projects in hand at domestic and overseas construction subsidiaries. However, the increase in consolidated income is expected to be smaller than the increase in the non-consolidated earnings forecast due to higher personnel expenses and M&A-related costs.