Revised forecast
Fiscal year ending March 2027 · Full yearPrevious forecast published 13 May 2026The 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.
In the non-consolidated results, sales are expected to decrease by ¥8.5 billion due mainly to the delay from the originally expected timing of contracts for projects expected to be received in the domestic building business. Meanwhile, operating income is expected to increase by ¥3 billion, ordinary income by ¥3.5 billion and net income by ¥2.3 billion, reflecting improved margins on large-scale construction projects in the domestic building business and steady progress on projects on hand in the domestic civil engineering and overseas businesses. Consolidated results are expected to exceed the previous forecast, mainly due to the revision to the non-consolidated earnings forecast.
| Item | Details |
|---|---|
| Net Sales | Consolidated 360,000 / Individual 344,000 → Consolidated 355,000 / Individual 335,500（Consolidated -1.4 / Individual -2.5） |
| Operating profit | Consolidated 21,100 / Individual 20,400 → Consolidated 24,700 / Individual 23,400（Consolidated 17.1 / Individual 14.7） |
| Ordinary income | Consolidated 20,800 / Individual 20,000 → Consolidated 24,300 / Individual 23,500（Consolidated 16.8 / Individual 17.5） |
| Profit attributable to owners of the parent | Consolidated 14,500 / Individual Not disclosed → Consolidated 16,500 / Individual Not disclosed（Consolidated 13.8 / Individual Not disclosed） |
| Net income per share | Consolidated 187.54 / Individual 181.07 → Consolidated 210.01 / Individual 207.46 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Full year |
| Publication date of previous forecast | 13 May 2026 |
| Previous-period results | Consolidated Net Sales 358,697 / Operating profit 24,199 / Ordinary income 24,600 / Profit attributable to owners of the parent 19,361 / Net income per share 248.4 / Individual Net Sales 343,190 / Operating profit 22,490 / Ordinary income 22,797 / Net income for the current fiscal year 18,156 / Net income per share 232.93 / Target fiscal year Fiscal year ending March 2026 |
| Reason for the revision | In the non-consolidated results, sales are expected to decrease by ¥8.5 billion due mainly to the delay from the originally expected timing of contracts for projects expected to be received in the domestic building business. Meanwhile, operating income is expected to increase by ¥3 billion, ordinary income by ¥3.5 billion and net income by ¥2.3 billion, reflecting improved margins on large-scale construction projects in the domestic building business and steady progress on projects on hand in the domestic civil engineering and overseas businesses. Consolidated results are expected to exceed the previous forecast, mainly due to the revision to the non-consolidated earnings forecast. |
| Dividend forecast revision | The interim dividend has been set at ¥42.50 per share. The year-end dividend forecast has been increased by ¥4.00, changed from ¥38.50 in the latest forecast to ¥42.50, and the annual dividend forecast has been changed from ¥77 to ¥85. |
| Consolidated / non-consolidated | Consolidated / non-consolidated (standalone) |
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.In the non-consolidated results, sales are expected to decline in the domestic building business because the contract timing for projects expected to be received has been delayed, while profit is expected to increase due to improved margins on large-scale construction projects and steady progress on projects on hand in the domestic civil engineering and overseas businesses. The consolidated results mainly reflect the revision to the non-consolidated earnings forecast. The dividend has been increased based on the policy of maintaining a payout ratio of 40% or more for fiscal 2026 and the revised earnings forecast.