Revised forecast
Fiscal year ending May 2027 · Second quarter (interim period) and full yearPrevious forecast published 15 July 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.
For the second quarter (interim period), revenue recognition progressed on highly profitable projects, particularly in the transportation business, and measures to improve profitability, including appropriate pricing and cost reductions, took effect. As a result, revenue and operating profit exceeded the initial assumptions. For the full year, although some revenue recognition was brought forward, the effects of measures to improve profitability are expected to continue.
| Item | Details |
|---|---|
| Net Sales | Interim period 18,500 / Full year 42,500 → Interim period 19,500 / Full year 42,500（Interim period 5.4 / Full year 0） |
| Operating profit | Interim period 550 / Full year 2,600 → Interim period 1,700 / Full year 3,800（Interim period 209.1 / Full year 46.2） |
| Ordinary income | Interim period 850 / Full year 2,800 → Interim period 1,900 / Full year 4,000（Interim period 123.5 / Full year 42.9） |
| Profit attributable to owners of the parent | Interim period 800 / Full year 2,600 → Interim period 1,300 / Full year 3,100（Interim period 62.5 / Full year 19.2） |
| Net income per share | Interim period 88.66 / Full year 288.16 → Interim period 144.08 / Full year 343.57 |
| Fiscal Period Covered | Fiscal year ending May 2027 |
| Period Covered | Second quarter (interim period) and full year |
| Publication date of previous forecast | 15 July 2026 |
| Previous-period results | Interim period: revenue of ¥18,179 million, operating profit of ¥677 million, ordinary profit of ¥896 million, interim net income attributable to owners of the parent of ¥865 million, and interim net income per share of ¥95.80. Full year: revenue of ¥40,480 million, operating profit of ¥3,111 million, ordinary profit of ¥3,520 million, net income attributable to owners of the parent of ¥2,976 million, and net income per share of ¥231.29. |
| Reason for the revision | For the second quarter (interim period), revenue recognition progressed on highly profitable projects, particularly in the transportation business, and measures to improve profitability, including appropriate pricing and cost reductions, took effect. As a result, revenue and operating profit exceeded the initial assumptions. For the full year, although some revenue recognition was brought forward, the effects of measures to improve profitability are expected to continue. |
| Dividend forecast revision | The second-quarter-end dividend was increased from ¥58 to ¥69, the year-end dividend from ¥58 to ¥69, and the annual dividend from ¥116 to ¥138. |
| Consolidated / non-consolidated | Consolidated |
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.For the interim period, revenue recognition progressed on highly profitable projects, particularly in the transportation business, and measures to improve profitability, including appropriate pricing and cost reductions, began to take effect. As a result, revenue and operating profit exceeded expectations. For the full year, although some revenue recognition has been brought forward, the effects of measures to improve profitability are expected to continue. The dividend was increased based on the dividend policy, financial position and optimization of cash allocation, including stronger shareholder returns.