Revised forecast
Fiscal year ending March 2027 · Six months and full yearPrevious forecast published 12 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
The first-half cumulative revenue forecast was revised upward because construction progress exceeded initial expectations, while the profit forecast was revised upward because construction profitability improved and progress was made in addressing design changes and rising prices. For the full year, revenue is expected to perform broadly in line with the previous forecast, while the profit forecast was revised upward for the same reasons as those for the first-half cumulative period.
| Item | Details |
|---|---|
| Net Sales | Consolidated / cumulative second quarter 51,500 / Consolidated - full year 98,400 / Non-consolidated / cumulative second quarter 50,400 / Non-consolidated - full year 96,100 → Consolidated / cumulative second quarter 54,400 / Consolidated - full year 100,100 / Non-consolidated / cumulative second quarter 53,500 / Non-consolidated - full year 98,100(Consolidated / cumulative second quarter 5.6 / Consolidated - full year 1.7 / Non-consolidated / cumulative second quarter 6.2 / Non-consolidated - full year 2.1) |
| Operating profit | Consolidated / cumulative second quarter 3,110 / Consolidated - full year 5,750 / Non-consolidated / cumulative second quarter 3,100 / Non-consolidated - full year 5,670 → Consolidated / cumulative second quarter 4,610 / Consolidated - full year 7,050 / Non-consolidated / cumulative second quarter 4,590 / Non-consolidated - full year 7,040(Consolidated / cumulative second quarter 48.2 / Consolidated - full year 22.6 / Non-consolidated / cumulative second quarter 48.1 / Non-consolidated - full year 24.2) |
| Ordinary income | Consolidated / cumulative second quarter 3,070 / Consolidated - full year 5,650 / Non-consolidated / cumulative second quarter 3,060 / Non-consolidated - full year 5,570 → Consolidated / cumulative second quarter 4,570 / Consolidated - full year 6,940 / Non-consolidated / cumulative second quarter 4,550 / Non-consolidated - full year 6,920(Consolidated / cumulative second quarter 48.9 / Consolidated - full year 22.8 / Non-consolidated / cumulative second quarter 48.7 / Non-consolidated - full year 24.2) |
| Profit attributable to owners of the parent | Consolidated / cumulative second quarter 2,100 / Consolidated - full year 3,860 / Non-consolidated / cumulative second quarter 2,090 / Non-consolidated - full year 3,810 → Consolidated / cumulative second quarter 3,100 / Consolidated - full year 4,810 / Non-consolidated / cumulative second quarter 3,090 / Non-consolidated - full year 4,790(Consolidated / cumulative second quarter 47.6 / Consolidated - full year 24.6 / Non-consolidated / cumulative second quarter 47.8 / Non-consolidated - full year 25.7) |
| Net income per share | Consolidated / cumulative second quarter ¥202.00 / Consolidated - full year ¥371.40 / Non-consolidated / cumulative second quarter ¥201.07 / Non-consolidated - full year ¥366.55 → Consolidated / cumulative second quarter ¥301.07 / Consolidated - full year ¥467.14 / Non-consolidated / cumulative second quarter ¥300.09 / Non-consolidated - full year ¥465.19 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Six months and full year |
| Publication date of previous forecast | 12 May 2026 |
| Previous-period results | Consolidated / cumulative second quarter Net Sales 47,022 Millions of yen, yen and sen / Operating profit 2,442 Millions of yen, yen and sen / Ordinary income 2,492 Millions of yen, yen and sen / Interim net income 1,670 Millions of yen, yen and sen / Interim net income per share ¥159.86 / Non-consolidated / cumulative second quarter Net Sales 46,104 Millions of yen, yen and sen / Operating profit 2,501 Millions of yen, yen and sen / Ordinary income 2,546 Millions of yen, yen and sen / Interim net income 1,711 Millions of yen, yen and sen / Interim net income per share ¥163.71 / Consolidated - full year Net Sales 105,554 Millions of yen, yen and sen / Operating profit 6,579 Millions of yen, yen and sen / Ordinary income 6,609 Millions of yen, yen and sen / Profit attributable to owners of the parent 3,800 Millions of yen, yen and sen / Net income per share ¥365.60 / Non-consolidated - full year Net Sales 103,498 Millions of yen, yen and sen / Operating profit 6,607 Millions of yen, yen and sen / Ordinary income 6,627 Millions of yen, yen and sen / Net income for the current fiscal year 1,916 Millions of yen, yen and sen / Net income per share ¥184.37 |
| Reason for the revision | The first-half cumulative revenue forecast was revised upward because construction progress exceeded initial expectations, while the profit forecast was revised upward because construction profitability improved and progress was made in addressing design changes and rising prices. For the full year, revenue is expected to perform broadly in line with the previous forecast, while the profit forecast was revised upward for the same reasons as those for the first-half cumulative period. |
| Dividend forecast revision | The interim and year-end dividends have each been increased by ¥24, from ¥93 to ¥117 per share, and the annual dividend forecast has been revised from ¥186 to ¥234. The payout ratio is expected to be 50.09%. |
| Consolidated / non-consolidated | Consolidated / non-consolidated (standalone) |
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 first-half cumulative forecast was revised upward because construction progress exceeded initial expectations, construction profitability improved, and progress was made in addressing design changes and rising prices. The full-year profit forecast was also revised upward for the same reasons, while the dividend was increased in line with the basic policy of maintaining a total payout ratio of at least 50% and DOE of at least 4.0%.