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Earnings3443KAWADA TECHNOLOGIES,INC.Construction and Materials

Summary of Financial Results for the First Quarter of the Fiscal Year Ending March 2027 (Japanese GAAP) (Consolidated)

In the first quarter of the fiscal year ending March 2027, net sales declined 4.6% year on year, while operating profit increased 15.2%, ordinary profit increased 55.6%, and net profit increased 40.5%. The full-year earnings forecasts and annual dividend forecast remain unchanged.

Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
15.2
% (year-on-year change in operating income)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAP
Net Sales26,272¥ millionYear on year -4.6%Progress 21.0%
Operating profit1,243¥ millionYear on year +15.2%Progress 17.3%
Ordinary income2,717¥ millionYear on year +55.6%Progress 28.6%
Net income attributable to owners of the parent2,260¥ millionYear on year +40.5%Progress 31.8%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥43.76
Financial position at period-end
Total assets154,705¥ million
of which net assets 98,824 ¥ millionEquity ratio 63.5%vs. prior year-end +2.8pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Segment revenueSteel structures ¥12,647 million (YoY +3.1%), Civil engineering ¥5,935 million (YoY -26.4%), Construction ¥4,197 million (YoY -2.4%), Solutions ¥1,892 million (YoY +8.2%), Other ¥2,008 million (YoY +3.5%)
Segment profitSteel structures ¥2,401 million (YoY +113.1%), Civil engineering ¥-1,269 million, Construction ¥414 million (YoY +20.1%), Solutions ¥709 million (YoY +12.2%), Other ¥-167 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥125,000 million (YoY +8.7%)
Operating profit¥7,200 million (YoY -16.3%)
Ordinary income¥9,500 million (YoY -14.1%)
Net income¥7,100 million (YoY -19.2%)
Annual Dividend Forecast151 JPY (prior-year actual before the stock split) → 42 JPY (prior-year actual before the stock split)(-72.2%)
Factors Behind Changes in Business Performance

The steel structures segment recorded higher profit due to its high backlog, progress in estimating the projected costs of large-scale construction projects, and the acquisition of design changes. Civil engineering reported lower revenue and an operating loss due to fewer orders, limited contribution during the current quarter because of the long construction periods, costs running ahead of revenue, and the absence of large-scale design changes. Architecture benefited from cost improvements near project completion. Solutions benefited from growth in in-house products and cloud services, projects for the Ministry of Defense, and strong robot sales. Other benefited from strong commuter and air ambulance businesses.

Disclosure regarding the going concern assumption

No applicable matters.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidation0 additions and 0 exclusions (no company names)
Impairment lossNot applicable in the current first quarter (no impairment loss recorded)
Breakdown of extraordinary income (loss)No extraordinary income in the current first quarter (–); no extraordinary loss
Depreciation and amortization¥788 million
Orders received and order backlogOrders received ¥26,918 million / Order backlog Carried-forward construction work ¥178,544 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo (no eligible attendees)
Issued Shares at Period-End52,422,630
Treasury Shares at Period-End1,144,672
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 June 2026
Net Sales¥26,272 million (YoY -4.6%)
Operating profit¥1,243 million (YoY +15.2%)
Ordinary income¥2,717 million (YoY +55.6%)
Profit attributable to owners of the parent¥2,260 million (YoY +40.5%)
Net income per share¥43.76
Equity ratioEnd of the current fiscal period 63.5 / End of previous period 60.7
Total assets¥154,705 million
Net assets¥98,824 million
Full-year earnings forecastNet Sales ¥125,000 million (YoY +8.7%) / Operating profit ¥7,200 million (YoY -16.3%) / Ordinary income ¥9,500 million (YoY -14.1%) / Net income ¥7,100 million (YoY -19.2%)
Annual Dividend Forecast151 JPY (prior-year actual before the stock split) → 42 JPY (prior-year actual before the stock split)(-72.2%)
Segment revenueSteel structures ¥12,647 million (YoY +3.1%), Civil engineering ¥5,935 million (YoY -26.4%), Construction ¥4,197 million (YoY -2.4%), Solutions ¥1,892 million (YoY +8.2%), Other ¥2,008 million (YoY +3.5%)
Segment profitSteel structures ¥2,401 million (YoY +113.1%), Civil engineering ¥-1,269 million, Construction ¥414 million (YoY +20.1%), Solutions ¥709 million (YoY +12.2%), Other ¥-167 million
Orders received and order backlogOrders received ¥26,918 million / Order backlog Carried-forward construction work ¥178,544 million
Depreciation and amortization¥788 million
Impairment lossNot applicable in the current first quarter (no impairment loss recorded)
Breakdown of extraordinary income (loss)No extraordinary income in the current first quarter (–); no extraordinary loss
Disclosure regarding the going concern assumptionNo applicable matters.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidation0 additions and 0 exclusions (no company names)
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo (no eligible attendees)
Issued Shares at Period-End52,422,630
Treasury Shares at Period-End1,144,672
Factors Behind Changes in Business PerformanceThe steel structures segment recorded higher profit due to its high backlog, progress in estimating the projected costs of large-scale construction projects, and the acquisition of design changes. Civil engineering reported lower revenue and an operating loss due to fewer orders, limited contribution during the current quarter because of the long construction periods, costs running ahead of revenue, and the absence of large-scale design changes. Architecture benefited from cost improvements near project completion. Solutions benefited from growth in in-house products and cloud services, projects for the Ministry of Defense, and strong robot sales. Other benefited from strong commuter and air ambulance businesses.
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesMaterial subsequent events

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 steel structures segment, profit was boosted by a high backlog, progress in estimating the projected costs of large-scale construction projects, and the acquisition of design changes. In civil engineering, however, the small number of orders, the high proportion of projects with long construction periods, and costs running ahead of revenue weighed on performance. Cost improvements in architecture, growth in products and services in solutions, and strong sales in the aviation-related business also contributed to results.

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Summary of Financial Results for the First Quarter of the Fiscal Year Ending March 2027 (Japanese GAAP) (Consolidated) | KAWADA TECHNOLOGIES,INC. (3443) timely disclosure | Komori