Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published 12 February 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
Net sales declined because the timing of property sales projects in the real estate business shifted, while operating income and ordinary income exceeded expectations due to lower construction costs and the acquisition of design changes in domestic construction projects, as well as higher margins in the real estate business. Net income also exceeded expectations mainly due to the recognition of extraordinary income from the sale of cross-held shares.
Extraordinary loss: Not disclosed. The disclosure states that a gain on the sale of investment securities, arising from the sale of cross-held shares, was recognized as extraordinary income, but the amount is Not disclosed.
| Item | Details |
|---|---|
| Net Sales | 400,000 (consolidated) / 384,000 (non-consolidated) → 396,030 (consolidated) / 379,412 (non-consolidated)（△1.0% (consolidated) / △1.2% (non-consolidated)） |
| Operating profit | 26,000 (consolidated) / 25,000 (non-consolidated) → 28,029 (consolidated) / 27,028 (non-consolidated)（7.8% (consolidated) / 8.1% (non-consolidated)） |
| Ordinary income | 25,000 (consolidated) / 24,300 (non-consolidated) → 27,384 (consolidated) / 27,022 (non-consolidated)（9.5% (consolidated) / 11.2% (non-consolidated)） |
| Profit attributable to owners of the parent | 18,800 (consolidated) / 18,500 (non-consolidated net income) → 24,066 (consolidated) / 24,433 (non-consolidated net income)（28.0% (consolidated) / 32.1% (non-consolidated)） |
| Net income per share | 476.17 (consolidated) / 468.58 (non-consolidated) → 609.56 (consolidated) / 618.86 (non-consolidated) |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 12 February 2026 |
| Previous-period results | Consolidated: net sales of ¥366,811 million, operating income of ¥21,098 million, ordinary income of ¥20,225 million, net income attributable to owners of the parent of ¥17,543 million, and net income per share of ¥444.46. Non-consolidated: net sales of ¥347,988 million, operating income of ¥20,420 million, ordinary income of ¥20,182 million, net income of ¥17,535 million, and net income per share of ¥444.26. |
| Reason for the revision | Net sales declined because the timing of property sales projects in the real estate business shifted, while operating income and ordinary income exceeded expectations due to lower construction costs and the acquisition of design changes in domestic construction projects, as well as higher margins in the real estate business. Net income also exceeded expectations mainly due to the recognition of extraordinary income from the sale of cross-held shares. |
| Details and amount of extraordinary loss | Extraordinary loss: Not disclosed. The disclosure states that a gain on the sale of investment securities, arising from the sale of cross-held shares, was recognized as extraordinary income, but the amount is Not disclosed. |
| Dividend forecast revision | The year-end dividend was increased by ¥10, from ¥120.00 to ¥130.00 per share. The annual dividend is ¥230.00 per share. |
| Consolidated / non-consolidated | Consolidated/non-consolidated |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Net sales fell below expectations because the timing of property sales projects in the real estate business shifted. In terms of profit, although expected gains from design changes to overseas construction projects declined, operating income and ordinary income exceeded expectations due to lower construction costs and the acquisition of design changes in domestic construction projects, as well as higher margins in the real estate business's property sales operations. Net income exceeded expectations mainly due to the recognition of extraordinary income from the sale of cross-held shares. The dividend increase reflects the financial results, the change in the dividend policy to a dividend on equity (DOE) of approximately 5%, and the policy of strengthening growth investment and financial soundness.