Komori
Revision of earnings forecasts1847ICHIKEN Co.,Ltd.Construction and Materials

Notice Regarding Revisions to Earnings Forecasts for the Second Quarter (Interim Period) and Full Fiscal Year Ending March 2027, and the Dividend Forecast

The forecasts for net sales and each profit measure for the interim period and full fiscal year ending March 2027 have been revised upward. In addition, the annual dividend forecast has been increased from ¥125 to ¥180 per share, including a special dividend of ¥25 per share to be paid at the end of the interim period.

Worth reading
73In focus
Scored from 4 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
30.4
%
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Cumulative second quarter and full yearPrevious forecast published 18 May 2026
Net SalesConsolidated—→—million
—
Net SalesIndividual—→—million
—
Operating profitConsolidated—→—million
—
Operating profitIndividual—→—million
—
Ordinary incomeConsolidated—→—million
—
Ordinary incomeIndividual—→—million
—
Profit attributable to owners of the parentConsolidated—→—million
—
Profit attributable to owners of the parentIndividual—→—million
—
Net income per shareConsolidated—→—yen
—
Net income per shareIndividual—→—yen
—

The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Reason for the revision

For the interim period, the revision reflects smooth progress in construction projects, improved construction profitability resulting from orders focused on productivity and profitability and the pass-through of higher material and labor costs, increased profit from additional orders received upon the completion of several large-scale projects in the first quarter, and the expected selling prices of properties held for sale in the real estate business exceeding the previous forecast. The full-year forecast reflects business performance through the second quarter.

Previous-period resultsConsolidated Cumulative second-quarter results Net Sales 49,188 / Operating profit 3,728 / Ordinary income 3,726 / Interim net income attributable to owners of the parent 2,524 / Interim net income per share 173.87 / Full year Net Sales 106,176 / Operating profit 9,033 / Ordinary income 8,954 / Profit attributable to owners of the parent 6,408 / Net income per share 441.40 / Individual Cumulative second-quarter results Net Sales 47,179 / Operating profit 3,443 / Ordinary income 3,534 / Interim net income 2,448 / Interim net income per share 168.66 / Full year Net Sales 101,830 / Operating profit 8,549 / Ordinary income 8,559 / Net income for the current fiscal year 6,220 / Net income per share 428.51
Dividend forecast revisionThe dividend forecast has been increased from ¥35 to ¥65 per share for the end of the second quarter, from ¥90 to ¥115 per share for the year-end, and from ¥125 to ¥180 per share on an annual basis. At the end of the interim period, a regular dividend of ¥40 per share and a special dividend of ¥25 per share are scheduled to be paid.
Consolidated / non-consolidatedConsolidated and standalone
Revised forecast
ItemDetails
Net SalesConsolidated Cumulative second-quarter results 54,000 / Full year 108,000 / Individual Cumulative second-quarter results 52,000 / Full year 104,000 → Consolidated Cumulative second-quarter results 57,000 / Full year 110,000 / Individual Cumulative second-quarter results 55,000 / Full year 106,000(Consolidated Cumulative second-quarter results 5.6 / Full year 1.9 / Individual Cumulative second-quarter results 5.8 / Full year 1.9)
Operating profitConsolidated Cumulative second-quarter results 4,600 / Full year 8,500 / Individual Cumulative second-quarter results 4,400 / Full year 8,000 → Consolidated Cumulative second-quarter results 7,600 / Full year 11,000 / Individual Cumulative second-quarter results 7,400 / Full year 10,500(Consolidated Cumulative second-quarter results 65.2 / Full year 29.4 / Individual Cumulative second-quarter results 68.2 / Full year 31.3)
Ordinary incomeConsolidated Cumulative second-quarter results 4,550 / Full year 8,400 / Individual Cumulative second-quarter results 4,450 / Full year 8,000 → Consolidated Cumulative second-quarter results 7,600 / Full year 10,900 / Individual Cumulative second-quarter results 7,500 / Full year 10,500(Consolidated Cumulative second-quarter results 67 / Full year 29.8 / Individual Cumulative second-quarter results 68.5 / Full year 31.3)
Profit attributable to owners of the parentConsolidated Cumulative second-quarter results 3,000 / Full year 5,600 / Individual Cumulative second-quarter results 3,000 / Full year 5,430 → Consolidated Cumulative second-quarter results 5,100 / Full year 7,300 / Individual Cumulative second-quarter results 5,100 / Full year 7,200(Consolidated Cumulative second-quarter results 70 / Full year 30.4 / Individual Cumulative second-quarter results 70 / Full year 32.6)
Net income per shareConsolidated Cumulative second-quarter results 206.66 / Full year 385.76 / Individual Cumulative second-quarter results 206.66 / Full year 374.05 → Consolidated Cumulative second-quarter results 351.31 / Full year 502.86 / Individual Cumulative second-quarter results 351.31 / Full year 495.97
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredCumulative second quarter and full year
Publication date of previous forecast18 May 2026
Previous-period resultsConsolidated Cumulative second-quarter results Net Sales 49,188 / Operating profit 3,728 / Ordinary income 3,726 / Interim net income attributable to owners of the parent 2,524 / Interim net income per share 173.87 / Full year Net Sales 106,176 / Operating profit 9,033 / Ordinary income 8,954 / Profit attributable to owners of the parent 6,408 / Net income per share 441.40 / Individual Cumulative second-quarter results Net Sales 47,179 / Operating profit 3,443 / Ordinary income 3,534 / Interim net income 2,448 / Interim net income per share 168.66 / Full year Net Sales 101,830 / Operating profit 8,549 / Ordinary income 8,559 / Net income for the current fiscal year 6,220 / Net income per share 428.51
Reason for the revisionFor the interim period, the revision reflects smooth progress in construction projects, improved construction profitability resulting from orders focused on productivity and profitability and the pass-through of higher material and labor costs, increased profit from additional orders received upon the completion of several large-scale projects in the first quarter, and the expected selling prices of properties held for sale in the real estate business exceeding the previous forecast. The full-year forecast reflects business performance through the second quarter.
Dividend forecast revisionThe dividend forecast has been increased from ¥35 to ¥65 per share for the end of the second quarter, from ¥90 to ¥115 per share for the year-end, and from ¥125 to ¥180 per share on an annual basis. At the end of the interim period, a regular dividend of ¥40 per share and a special dividend of ¥25 per share are scheduled to be paid.
Consolidated / non-consolidatedConsolidated and standalone
Items this document does not state (1)
Details and amount of extraordinary loss

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.

In the construction business, construction projects progressed smoothly, and profitability improved as a result of orders focused on productivity and profitability, the pass-through of higher material and labor costs, and additional orders associated with the completion of several large-scale projects. In the real estate business, the expected selling prices of properties held for sale are now projected to exceed the previous forecast.

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Notice Regarding Revisions to Earnings Forecasts for the Second Quarter (Interim Period) and Full Fiscal Year Ending March 2027, and the Dividend Forecast | ICHIKEN Co.,Ltd. (1847) timely disclosure | Komori