Revised forecast
Fiscal year ending December 2026 · Full yearPrevious forecast published Earnings forecast: 13 February 2026; dividend forecast: 8 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.
On a consolidated basis, gross profit on completed construction contracts is expected to increase because orders received by certain consolidated subsidiaries exceeded plan, construction progress remained steady, and unprofitable construction projects declined. On a non-consolidated basis, orders received have progressed as planned, and large-scale private-sector building projects are progressing steadily.
| Item | Details |
|---|---|
| Net Sales | Consolidated 175,600 / Individual 103,800 → Consolidated 190,500 / Individual 116,478（Consolidated 8.5 / Individual 12.2） |
| Operating profit | Consolidated 7,600 / Individual 3,588 → Consolidated 9,300 / Individual 5,741（Consolidated 22.4 / Individual 60） |
| Ordinary income | Consolidated 7,800 / Individual 4,548 → Consolidated 9,600 / Individual 6,860（Consolidated 23.1 / Individual 50.8） |
| Profit attributable to owners of the parent | Consolidated 5,000 / Individual 3,184 → Consolidated 6,400 / Individual 4,744（Consolidated 28 / Individual 49） |
| Net income per share | Consolidated 301.90 / Individual 192.25 → Consolidated 390.24 / Individual 289.27 |
| Fiscal Period Covered | Fiscal year ending December 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | Earnings forecast: 13 February 2026; dividend forecast: 8 May 2026 |
| Previous-period results | Consolidated (fiscal year ended December 2025): net sales ¥167,960 million, operating income ¥7,769 million, ordinary income ¥8,127 million, net income attributable to owners of the parent ¥5,548 million, and net income per share ¥335.05. Non-consolidated (fiscal year ended December 2025): net sales ¥95,767 million, operating income ¥3,329 million, ordinary income ¥4,148 million, net income ¥3,211 million, and net income per share ¥193.95. |
| Reason for the revision | On a consolidated basis, gross profit on completed construction contracts is expected to increase because orders received by certain consolidated subsidiaries exceeded plan, construction progress remained steady, and unprofitable construction projects declined. On a non-consolidated basis, orders received have progressed as planned, and large-scale private-sector building projects are progressing steadily. |
| Dividend forecast revision | The year-end and annual dividend forecasts have been increased from ¥130.00 per share to ¥140.00 per share. On a pre-stock-split basis, the increase is from ¥260.00 to ¥280.00 per share. |
| 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.On a consolidated basis, orders received by certain consolidated subsidiaries exceeded plan and construction progress was steady. In addition, gross profit on completed construction contracts is expected to increase as unprofitable construction projects have declined. On a non-consolidated basis, orders received have progressed as planned, and large-scale private-sector building projects are progressing steadily. The dividend increase reflects the policy of further enhancing shareholder returns and raising the base dividend level.