Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published 5 February 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
The revisions reflect expectations that domestic building and civil engineering projects will progress smoothly, increasing net sales from completed construction contracts; that improved project profitability in domestic building projects and domestic and overseas construction subsidiaries will increase gross profit on completed construction contracts; and that a ¥5.9 billion gain on negative goodwill will arise from the acquisition of Aomi Construction Co., Ltd., among other factors.
| Item | Details |
|---|---|
| Net Sales | Consolidated 2,010,000 / Individual 1,550,000 → Consolidated 2,057,800 / Individual 1,589,500（Consolidated 2.4 / Individual 2.5） |
| Operating profit | Consolidated 110,000 / Individual 82,000 → Consolidated 118,600 / Individual 84,200（Consolidated 7.8 / Individual 2.7） |
| Ordinary income | Consolidated 111,000 / Individual 92,500 → Consolidated 122,300 / Individual 96,300（Consolidated 10.2 / Individual 4.1） |
| Profit attributable to owners of the parent | Consolidated 110,000 / Standalone (net income) 129,000 → Consolidated 126,600 / Standalone (net income) 132,900（Consolidated 15.1 / Standalone (net income) 3） |
| Net income per share | Consolidated ¥162.24 / Individual ¥190.26 → Consolidated ¥186.66 / Individual ¥195.95 |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 5 February 2026 |
| Previous-period results | Consolidated Net Sales 1,944,360 / Operating profit 71,030 / Ordinary income 71,664 / Profit attributable to owners of the parent 66,015 / Net income per share ¥94.80 / Individual Net Sales 1,501,519 / Operating profit 44,029 / Ordinary income 51,674 / Net income for the current fiscal year 62,139 / Net income per share ¥89.24 |
| Reason for the revision | The revisions reflect expectations that domestic building and civil engineering projects will progress smoothly, increasing net sales from completed construction contracts; that improved project profitability in domestic building projects and domestic and overseas construction subsidiaries will increase gross profit on completed construction contracts; and that a ¥5.9 billion gain on negative goodwill will arise from the acquisition of Aomi Construction Co., Ltd., among other factors. |
| Dividend forecast revision | The year-end dividend forecast has been increased by ¥7, from ¥43 to ¥50. The annual dividend forecast has been increased from ¥65 to ¥72. |
| Consolidated / non-consolidated | Consolidated / Non-consolidated |
Items this document does not state (1)
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 revisions reflect an expected increase in net sales from completed construction contracts as domestic building and civil engineering projects progress, improved project profitability in domestic building projects and domestic and overseas construction subsidiaries, and an expected gain on negative goodwill of ¥5.9 billion arising from the acquisition of Aomi Construction Co., Ltd. The dividend was increased based on the revised earnings forecast and the dividend policy targeting a consolidated payout ratio of 40%.