MODEC, Inc. raised its current-year net profit forecast from its previous projection and announced an upward revision to its record profit outlook. Nine-month net profit was ¥48.2 billion, up 32.0% year on year, and the full-year forecast was raised to ¥64.4 billion.
MODEC, Inc. announced its results at midday on 10 November. For the nine months ended September 2026, consolidated net profit rose 32.0% year on year to ¥48.2 billion. The company also raised its full-year net profit forecast for the fiscal year ending December 2026 by 11.4%, from ¥57.9 billion to ¥64.4 billion, increasing the projected rate of profit growth to 14.2%. Net profit was ¥56.4 billion in the previous fiscal year.
Based on the revised second-half outlook, consolidated net profit for July-December is estimated at ¥28.1 billion, representing a narrower decline from ¥35.4 billion in the same period of the previous year. In the latest quarter, net profit for July-September fell 23.8% year on year to ¥11.8 billion, while the operating margin on revenue declined from 10.3% to 7.5%.
For the nine months ended September, revenue was ¥427,705 million, operating profit was ¥36,485 million, ordinary profit was ¥35,722 million, net profit was ¥24,424 million, and revised earnings per share was ¥357.6. Against this backdrop, the full-year profit outlook and second-half figures were revised and disclosed at the same time.
Overall, results through the third quarter were on a profit growth trend, while second-half profit was revised at a relatively higher level, raising the full-year target to ¥64.4 billion. Comparisons with the previous fiscal year and the same period of the previous year have therefore also been updated to reflect the new level.