Revised forecast
Fiscal year ending March 2027 · Second quarter (interim period) 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 revisions reflect the accelerated construction of certain large-scale projects, the realization of improved project profitability, increased gains on the sale of investment securities resulting from the sale of cross-shareholdings, gains on the sale of fixed assets resulting from the sale of income-producing real estate and other assets, and higher profits from certain transactions in the real estate business.
| Item | Details |
|---|---|
| Net Sales | Interim period 65,800 / Full year 150,000 → Interim period 68,600 / Full year 150,000（Interim period 4.3 / Full year 0） |
| Operating profit | Interim period 1,100 / Full year 9,000 → Interim period 2,300 / Full year 9,500（Interim period 109.1 / Full year 5.6） |
| Ordinary income | Interim period 1,030 / Full year 8,880 → Interim period 2,330 / Full year 9,380（Interim period 126.2 / Full year 5.6） |
| Profit attributable to owners of the parent | Interim period 2,300 / Full year 8,200 → Interim period 4,000 / Full year 9,300（Interim period 73.9 / Full year 13.4） |
| Net income per share | Interim period ¥53.26 / Full year ¥189.90 → Interim period ¥92.63 / Full year ¥215.37 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Second quarter (interim period) and full year |
| Publication date of previous forecast | 12 May 2026 |
| Previous-period results | Second-quarter results for the fiscal year ended March 2026: revenue of ¥89,665 million, operating profit of ¥7,989 million, ordinary profit of ¥7,982 million, interim profit attributable to owners of the parent of ¥5,737 million, and interim earnings per share of ¥133.34. Full-year results for the fiscal year ended March 2026: revenue of ¥169,399 million, operating profit of ¥13,742 million, ordinary profit of ¥13,698 million, profit attributable to owners of the parent of ¥8,468 million, and earnings per share of ¥196.72. |
| Reason for the revision | The revisions reflect the accelerated construction of certain large-scale projects, the realization of improved project profitability, increased gains on the sale of investment securities resulting from the sale of cross-shareholdings, gains on the sale of fixed assets resulting from the sale of income-producing real estate and other assets, and higher profits from certain transactions in the real estate business. |
| Dividend forecast revision | The interim dividend forecast has been revised from ¥50.00 to ¥55.00, the year-end dividend forecast from ¥50.00 to ¥55.00, and the annual dividend forecast from ¥100.00 to ¥110.00. |
| Consolidated / non-consolidated | Consolidated |
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.For the interim period, the revisions reflect the expected acceleration of construction on certain large-scale projects, the expected earlier realization of improved project profitability, higher-than-forecast gains on the sale of cross-shareholdings, and anticipated gains on the sale of income-producing real estate and other assets. For the full year, revenue remains unchanged because the interim-period increase in revenue is attributable to the accelerated progress of construction and is not expected to materially affect progress for the full year. The revised forecast reflects higher profits from improved project profitability and certain transactions in the real estate business, as well as an increase in extraordinary income. The dividend forecast has also been increased in light of the upward revision to the earnings forecast and the dividend policy.