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Presentation materials for financial results1899FUKUDA CORPORATIONConstruction and Materials

Financial Results Presentation for the Second Quarter of the Fiscal Year Ending December 2026

Full-year revenue and profit forecasts for the fiscal year ending December 2026 were revised upward, reflecting steady progress on private-sector construction projects and a decline in unprofitable projects. The full-year dividend forecast was also raised to ¥140 per share.

Worth reading
68In focus
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
14900
¥ million (increase in full-year revenue forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsSecond quarter of the fiscal year ending December 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥88,862 million+14.7%
Operating profit¥5,819 million+61.8%
Ordinary income¥6,074 million+59.8%
Net income¥4,380 million+71.4%
Selling, general and administrative expenses¥5,178 million
Full-year earnings forecast
Net Sales
¥190,500 million
Operating profit
¥9,300 million
Ordinary income
¥9,600 million
Profit attributable to owners of the parent
¥6,400 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Initial earnings plan
Net Sales50.6%
Operating profit76.6%
Ordinary income77.9%
Profit attributable to owners of the parent87.6%
Revised forecast
Net Sales46.6%
Operating profit62.6%
Ordinary income63.3%
Profit attributable to owners of the parent68.4%
Orders
Consolidated54.5%
Standalone52.3%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing smoothly in line with the initial earnings plan
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Growth in order volume in the second half remains uncertain due to shortages of engineers and labor
New initiatives
Increase in the base dividend and a ¥10 per-share increase in the year-end dividend forecast
Key KPIsA metric the company considers important as a management benchmark.
  • Equity ratio59.4 %
    Year on year against the same period last yearDown 0.7 percentage points year on year
  • ROEExpected to increase from 6% to the 7% range
  • Orders received (consolidated)¥93,970 million
    Year on year against the same period last yearDecreased
  • Orders received (non-consolidated)¥52,482 million
Segment results
Net Sales
Civil engineering work
¥32,158 million+2.7%
Construction work
¥49,114 million+24.8%
Construction-related services
¥5,848 million+6.4%
Real Estate
¥1,392 million+37.5%
Other
¥348 million+4.6%
Operating profit
Civil engineering work
¥1,667 million+23.9%
Construction work
¥4,940 million+126.9%
Construction-related services
¥-923 million-1,095.9%
Real Estate
¥186 million-9.2%
Other
¥25 million+3.6%
Financial targets
ROE is expected to increase from 6% to the 7% range
Orders received and order backlog
Orders received
Consolidated
¥93,970 million
Standalone
¥52,482 million
Annual Dividend
Annual dividend amount¥140 per share
End of period¥140 per share
Payout ratio
Expected to remain in the 30% range
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredSecond quarter of the fiscal year ending December 2026
Net Sales¥88,862 million (YoY +14.7%)
Operating profit¥5,819 million (YoY +61.8%)
Ordinary income¥6,074 million (YoY +59.8%)
Net income¥4,380 million (YoY +71.4%)
Selling, general and administrative expenses¥5,178 million
Full-year earnings forecastNet Sales ¥190,500 million / Operating profit ¥9,300 million / Ordinary income ¥9,600 million / Profit attributable to owners of the parent ¥6,400 million
Progress against full-year forecastInitial earnings plan Net Sales 50.6% / Operating profit 76.6% / Ordinary income 77.9% / Profit attributable to owners of the parent 87.6% / Revised forecast Net Sales 46.6% / Operating profit 62.6% / Ordinary income 63.3% / Profit attributable to owners of the parent 68.4% / Orders Consolidated 54.5% / Standalone 52.3%
Self-assessment against the planProgressing smoothly in line with the initial earnings plan
Segment resultsNet Sales Civil engineering work ¥32,158 million (YoY +2.7%) / Construction work ¥49,114 million (YoY +24.8%) / Construction-related services ¥5,848 million (YoY +6.4%) / Real Estate ¥1,392 million (YoY +37.5%) / Other ¥348 million (YoY +4.6%) / Operating profit Civil engineering work ¥1,667 million (YoY +23.9%) / Construction work ¥4,940 million (YoY +126.9%) / Construction-related services ¥-923 million (YoY -1,095.9%) / Real Estate ¥186 million (YoY -9.2%) / Other ¥25 million (YoY +3.6%)
Key KPIsIndicator name Equity ratio / Value 59.4 % / Year on year against the same period last year Down 0.7 percentage points year on year, Indicator name ROE / Value Expected to increase from 6% to the 7% range / Year on year against the same period last year Not disclosed, Indicator name Orders received (consolidated) / Value ¥93,970 million / Year on year against the same period last year Decreased, Indicator name Orders received (non-consolidated) / Value ¥52,482 million / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookGrowth in order volume in the second half remains uncertain due to shortages of engineers and labor
Financial targetsROE is expected to increase from 6% to the 7% range
Annual DividendAnnual dividend amount ¥140 per share / Interim Not disclosed / End of period ¥140 per share
Payout ratioExpected to remain in the 30% range
Orders received and order backlogOrders received Consolidated ¥93,970 million / Standalone ¥52,482 million / Order backlog Not disclosed
New initiativesIncrease in the base dividend and a ¥10 per-share increase in the year-end dividend forecast
Items this document does not state (13)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey points of the Q&A

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.

Construction progressed smoothly without delays, mainly on large private-sector construction projects carried over from the previous fiscal year, resulting in higher construction revenue. On the profit front, the company expects steady construction progress, fewer unprofitable projects, and the maintenance of safety and quality.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results Presentation for the Second Quarter of the Fiscal Year Ending December 2026 | FUKUDA CORPORATION (1899) timely disclosure | Komori