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Revision to earnings forecasts1820Nishimatsu Construction Co.,Ltd.Construction and Materials

Notice Regarding Revisions to Earnings Forecasts

For the fiscal year ending March 2027, the consolidated forecasts for operating income, ordinary income and net income were revised upward while the revenue forecast was left unchanged. On a non-consolidated basis, the forecasts for revenue and each profit measure were revised upward.

Worth reading
60In focus
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Direction
Improvement
Direction inferred from the company’s description.
Scale
1500
¥ million
Wording
Conditional
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Full yearPrevious forecast published 12 May 2026
Net Sales440,000→440,000million
0.0%
Operating profit28,500→30,000million
+5.3%
Ordinary income26,500→28,000million
+5.7%
Profit attributable to owners of the parent20,500→21,500million
+4.9%
Net income per share519.19→544.5yen/sen
+4.9%

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.

Reason for the revision

On a non-consolidated basis, revenue from domestic building construction is expected to exceed the previous forecast by ¥1.5 billion, and construction profitability is also expected to improve. On a consolidated basis, although the non-consolidated results are expected to exceed the forecast, the timing of property sales by a real estate subsidiary has been pushed into the following fiscal year, causing revenue and gross profit from the real estate business to fall below expectations. In addition, the standalone order-intake forecast was revised upward by ¥15 billion due to an order for an ODA construction project in Bangladesh.

Previous-period resultsConsolidated: revenue ¥396,030 million, operating income ¥28,029 million, ordinary income ¥27,384 million, net income attributable to owners of the parent ¥24,066 million, and net income per share ¥609.56. Non-consolidated: revenue ¥379,412 million, operating income ¥27,028 million, ordinary income ¥27,022 million, net income ¥24,433 million, and net income per share ¥618.86.
Consolidated / non-consolidatedConsolidated / non-consolidated (standalone)
Revised forecast
ItemDetails
Net Sales¥440,000 million → ¥440,000 million(0.0%)
Operating profit¥28,500 million → ¥30,000 million(+5.3%)
Ordinary income¥26,500 million → ¥28,000 million(+5.7%)
Profit attributable to owners of the parent¥20,500 million → ¥21,500 million(+4.9%)
Net income per share519.19 yen/sen → 544.5 yen/sen
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredFull year
Publication date of previous forecast12 May 2026
Previous-period resultsConsolidated: revenue ¥396,030 million, operating income ¥28,029 million, ordinary income ¥27,384 million, net income attributable to owners of the parent ¥24,066 million, and net income per share ¥609.56. Non-consolidated: revenue ¥379,412 million, operating income ¥27,028 million, ordinary income ¥27,022 million, net income ¥24,433 million, and net income per share ¥618.86.
Reason for the revisionOn a non-consolidated basis, revenue from domestic building construction is expected to exceed the previous forecast by ¥1.5 billion, and construction profitability is also expected to improve. On a consolidated basis, although the non-consolidated results are expected to exceed the forecast, the timing of property sales by a real estate subsidiary has been pushed into the following fiscal year, causing revenue and gross profit from the real estate business to fall below expectations. In addition, the standalone order-intake forecast was revised upward by ¥15 billion due to an order for an ODA construction project in Bangladesh.
Consolidated / non-consolidatedConsolidated / non-consolidated (standalone)
Items this document does not state (2)
Details and amount of extraordinary lossDividend forecast revision

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, profit is expected to exceed the forecast due to higher revenue from domestic building construction and improved construction profitability. On a consolidated basis, in addition to the stronger non-consolidated results, the Company factored in the impact of property sales by a real estate subsidiary being pushed into the following fiscal year. As a result, the revenue forecast was left unchanged and the profit forecasts were revised upward.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Revisions to Earnings Forecasts | Nishimatsu Construction Co.,Ltd. (1820) timely disclosure | Komori