Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published Announced on 12 May 2025The 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.
As each project progresses as planned, net sales are expected to be nearly in line with the previous forecast. Although the impact of continued increases in the prices of materials and equipment, labor costs and other expenses remains, profit margins have improved as order-taking activities that prioritize profitability have taken hold and initiatives to improve productivity have progressed. In addition, the Company expects to record valuation gains on derivatives arising from foreign exchange movements and extraordinary gains associated with the sale of strategic shareholdings and other transactions.
| Item | Details |
|---|---|
| Net Sales | Consolidated 82,000 / Individual 77,000 → Consolidated 83,000 / Individual 78,000（Consolidated 1.2 / Individual 1.3） |
| Operating profit | Consolidated 3,900 / Individual 3,400 → Consolidated 4,700 / Individual 4,400（Consolidated 20.5 / Individual 29.4） |
| Ordinary income | Consolidated 4,100 / Individual 3,600 → Consolidated 5,500 / Individual 5,300（Consolidated 34.1 / Individual 47.2） |
| Profit attributable to owners of the parent | Consolidated 3,400 / Standalone (net income) 3,000 → Consolidated 4,300 / Standalone (net income) 4,100（Consolidated 26.5 / Standalone (net income) 36.7） |
| Net income per share | Consolidated 102.07 / Individual 90.06 → Consolidated 129.32 / Individual 123.31 |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | Announced on 12 May 2025 |
| Previous-period results | Consolidated Net Sales 67,722 / Operating profit 2,665 / Ordinary income 3,342 / Profit attributable to owners of the parent 2,900 / Net income per share 86.65 / Individual Net Sales 63,033 / Operating profit 2,318 / Ordinary income 3,043 / Net income for the current fiscal year 2,741 / Net income per share 81.92 |
| Reason for the revision | As each project progresses as planned, net sales are expected to be nearly in line with the previous forecast. Although the impact of continued increases in the prices of materials and equipment, labor costs and other expenses remains, profit margins have improved as order-taking activities that prioritize profitability have taken hold and initiatives to improve productivity have progressed. In addition, the Company expects to record valuation gains on derivatives arising from foreign exchange movements and extraordinary gains associated with the sale of strategic shareholdings and other transactions. |
| Dividend forecast revision | The year-end dividend has been increased by ¥6 from ¥29 to ¥35 per share, and the annual dividend by ¥6 from ¥57 to ¥63 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.While net sales are expected to be broadly in line with the previous forecast as each project progresses as planned, profit margins have improved as a result of order-taking activities that prioritize profitability and initiatives to improve productivity. In addition, the Company now expects to record valuation gains on derivatives arising from foreign exchange movements and extraordinary gains associated with the sale of strategic shareholdings and other transactions. The dividend has been increased in light of the Company's shareholder return policy and the revision to its earnings forecast.