Komori
Revision of earnings forecasts1866KITANO CONSTRUCTION CORP.Construction and Materials

Notice Regarding Differences Between Forecast and Actual Results

For the fiscal year ending March 2026, consolidated net sales were 5.1% below the forecast, while operating income, ordinary income, and net income attributable to owners of the parent exceeded the forecast. On a non-consolidated basis, net sales were also below the forecast, while ordinary income and net income exceeded it.

Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
39.6
%
Wording
Definitive
How definitive the wording is.

Revised forecast

Fiscal year ending March 2026 · Full yearPrevious forecast published 13 May 2025
Net SalesConsolidated83,000→78,791million
-5.1%
Net SalesIndividual80,000→75,552million
-5.6%
Operating profitConsolidated3,600→4,640million
+28.9%
Operating profitIndividual—→—million
—
Ordinary incomeConsolidated4,000→5,006million
+25.2%
Ordinary incomeIndividual3,600→4,740million
+31.7%
Profit attributable to owners of the parentConsolidated2,500→3,490million
+39.6%
Profit attributable to owners of the parentIndividual2,200→3,310million
+50.5%
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

Operating income and ordinary income exceeded the earnings forecast, partly due to the progress of large-scale construction projects and other factors. In addition, income taxes and other taxes decreased due to the application of a wage-increase promotion tax incentive that had not initially been anticipated.

Previous-period resultsConsolidated: net sales of ¥80,853 million, operating income of ¥3,640 million, ordinary income of ¥4,070 million, net income attributable to owners of the parent of ¥3,381 million, and net income per share of ¥140.55. Non-consolidated: net sales of ¥77,658 million, ordinary income of ¥3,534 million, net income of ¥2,887 million, and net income per share of ¥120.01.
Consolidated / non-consolidatedConsolidated / non-consolidated (standalone)
Revised forecast
ItemDetails
Net SalesConsolidated 83,000 / Individual 80,000 → Consolidated 78,791 / Individual 75,552(Consolidated -5.1 / Individual -5.6)
Operating profitConsolidated 3,600 / Individual Not disclosed → Consolidated 4,640 / Individual Not disclosed(Consolidated 28.9 / Individual Not disclosed)
Ordinary incomeConsolidated 4,000 / Individual 3,600 → Consolidated 5,006 / Individual 4,740(Consolidated 25.2 / Individual 31.7)
Profit attributable to owners of the parentConsolidated 2,500 / Individual 2,200 → Consolidated 3,490 / Individual 3,310(Consolidated 39.6 / Individual 50.5)
Net income per shareConsolidated ¥103.91 / Individual ¥91.44 → Consolidated ¥143.54 / Individual ¥136.13
Fiscal Period CoveredFiscal year ending March 2026
Period CoveredFull year
Publication date of previous forecast13 May 2025
Previous-period resultsConsolidated: net sales of ¥80,853 million, operating income of ¥3,640 million, ordinary income of ¥4,070 million, net income attributable to owners of the parent of ¥3,381 million, and net income per share of ¥140.55. Non-consolidated: net sales of ¥77,658 million, ordinary income of ¥3,534 million, net income of ¥2,887 million, and net income per share of ¥120.01.
Reason for the revisionOperating income and ordinary income exceeded the earnings forecast, partly due to the progress of large-scale construction projects and other factors. In addition, income taxes and other taxes decreased due to the application of a wage-increase promotion tax incentive that had not initially been anticipated.
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.

Operating income and ordinary income exceeded the forecast, partly due to the progress of large-scale construction projects. In addition, the application of a wage-increase promotion tax incentive that had not initially been anticipated reduced income taxes and other taxes, resulting in net income exceeding the forecast.

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Notice Regarding Differences Between Forecast and Actual Results | KITANO CONSTRUCTION CORP. (1866) timely disclosure | Komori