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Revisions to earnings forecasts1914JAPAN FOUNDATION ENGINEERING CO.,LTD.Construction and Materials

Notice Regarding the Variance Between the Earnings Forecast and Actual Results for the Cumulative Second Quarter

For the cumulative second quarter of the fiscal year ending March 2027, revenue was ¥3,371 million below the forecast, while operating profit and ordinary profit exceeded the forecasts. Interim net income was below the forecast due to the recording of provision for litigation losses. The full-year earnings forecast remains unchanged.

Worth reading
73In focus
Scored from 4 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
3371
Millions of yen
Wording
Definitive
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Cumulative second quarterPrevious forecast published 14 May 2026
Net Sales17,600→14,229Millions of yen
-19.2%
Operating profit1,208→1,504Millions of yen
+24.5%
Ordinary income1,328→1,609Millions of yen
+21.2%
Profit attributable to owners of the parent974→792million (interim net profit)
-18.7%
Net income per share53.25→43.33yen and sen (interim net income)
-18.6%

The 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.

Reason for the revision

Revenue was below plan because negotiations over the contract price for dam foundation work at the U.S. subsidiary, arising from differences in geological conditions, are ongoing and revenue could not be recognized. Operating profit and ordinary profit exceeded plan due to profit additions on completed construction projects and the commencement of additional construction work for ground improvement at an LNG refining plant site. However, interim net income was below plan due to the recording of provision for litigation losses to be paid as a settlement for a fatal traffic accident.

Details and amount of extraordinary loss

Provision for litigation losses to be paid as a settlement for a fatal traffic accident. Amount not disclosed.

Previous-period resultsRevenue ¥13,121 million, operating profit ¥802 million, ordinary profit ¥1,058 million, interim net income attributable to owners of the parent ¥734 million, interim net income per share ¥39.27 (second quarter of the fiscal year ending March 2026)
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales17,600 Millions of yen → 14,229 Millions of yen(-19.2%)
Operating profit1,208 Millions of yen → 1,504 Millions of yen(+24.5%)
Ordinary income1,328 Millions of yen → 1,609 Millions of yen(+21.2%)
Profit attributable to owners of the parent¥974 million (interim net profit) → ¥792 million (interim net profit)(-18.7%)
Net income per share53.25 yen and sen (interim net income) → 43.33 yen and sen (interim net income)
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredCumulative second quarter
Publication date of previous forecast14 May 2026
Previous-period resultsRevenue ¥13,121 million, operating profit ¥802 million, ordinary profit ¥1,058 million, interim net income attributable to owners of the parent ¥734 million, interim net income per share ¥39.27 (second quarter of the fiscal year ending March 2026)
Reason for the revisionRevenue was below plan because negotiations over the contract price for dam foundation work at the U.S. subsidiary, arising from differences in geological conditions, are ongoing and revenue could not be recognized. Operating profit and ordinary profit exceeded plan due to profit additions on completed construction projects and the commencement of additional construction work for ground improvement at an LNG refining plant site. However, interim net income was below plan due to the recording of provision for litigation losses to be paid as a settlement for a fatal traffic accident.
Details and amount of extraordinary lossProvision for litigation losses to be paid as a settlement for a fatal traffic accident. Amount not disclosed.
Consolidated / non-consolidatedConsolidated
Items this document does not state (1)
Dividend 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.

Revenue was below forecast because negotiations over the contract price for dam foundation work at the U.S. subsidiary, arising from differences in geological conditions, are ongoing and revenue could not be recognized. Operating profit and ordinary profit exceeded forecast because the company added profit on completed construction projects and was able to commence additional construction work for ground improvement at an LNG refining plant site. However, interim net income was below forecast because the company recorded provision for litigation losses to be paid as a settlement for a fatal traffic accident.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Variance Between the Earnings Forecast and Actual Results for the Cumulative Second Quarter | JAPAN FOUNDATION ENGINEERING CO.,LTD. (1914) timely disclosure | Komori