Revised forecast
Fiscal year ending March 2027 · Full yearPrevious forecast published 14 May 2026 (the previous announced forecast for earnings per share was 5 August 2026)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.
Consolidated operating income and ordinary income are expected to exceed the previous forecasts, mainly due to the upward revision to the non-consolidated earnings forecasts. Non-consolidated net sales are expected to increase in the building construction business, with improved gross profit margins anticipated in both the civil engineering and building construction businesses. Although the construction business of overseas affiliates remains solid, the number of development properties sold overseas is expected to decrease overall due to changes in sales plans resulting from higher interest rates and stagnant real estate markets. Consolidated net income was therefore kept at the same level as the previous forecast.
| Item | Details |
|---|---|
| Net Sales | Consolidated 2,900,000 / Individual 1,630,000 → Consolidated 2,900,000 / Individual 1,650,000（Consolidated 0.0% / Individual 1.2%） |
| Operating profit | Consolidated 200,000 / Individual 155,000 → Consolidated 234,000 / Individual 184,000（Consolidated 17.0% / Individual 18.7%） |
| Ordinary income | Consolidated 206,000 / Individual 165,000 → Consolidated 225,000 / Individual 194,000（Consolidated 9.2% / Individual 17.6%） |
| Profit attributable to owners of the parent | Consolidated 170,000 / Individual 142,000 → Consolidated 170,000 / Individual 157,000（Consolidated 0.0% / Individual 10.6%） |
| Net income per share | Consolidated 368.2 / Individual 306.93 → Consolidated 368.75 / Individual 339.85 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Full year |
| Publication date of previous forecast | 14 May 2026 (the previous announced forecast for earnings per share was 5 August 2026) |
| Previous-period results | Fiscal year ended March 2026. Consolidated: net sales of ¥3,067,275 million, operating income of ¥240,780 million, ordinary income of ¥240,420 million, net income attributable to owners of the parent of ¥177,334 million, and earnings per share of ¥379.81. Non-consolidated: net sales of ¥1,710,084 million, operating income of ¥177,641 million, ordinary income of ¥190,064 million, net income of ¥146,921 million, and earnings per share of ¥314.04. |
| Reason for the revision | Consolidated operating income and ordinary income are expected to exceed the previous forecasts, mainly due to the upward revision to the non-consolidated earnings forecasts. Non-consolidated net sales are expected to increase in the building construction business, with improved gross profit margins anticipated in both the civil engineering and building construction businesses. Although the construction business of overseas affiliates remains solid, the number of development properties sold overseas is expected to decrease overall due to changes in sales plans resulting from higher interest rates and stagnant real estate markets. Consolidated net income was therefore kept at the same level as the previous forecast. |
| 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.Consolidated operating income and ordinary income are expected to exceed the previous forecasts, mainly due to the upward revision to the non-consolidated earnings forecasts. The main factors behind the non-consolidated results are higher net sales in the building construction business and improved gross profit margins in both the civil engineering and building construction businesses. Net income attributable to owners of the parent was kept at the same level as the previous forecast in light of the decrease in the number of development properties sold by overseas affiliates.