Financial Highlights

Analysis of Operating Performance and Financial Position

Forecast for FY2025(Revised on April 24, 2026)

<Forecast of Nonconsolidated Results of Operations>
Net Sales will increase by 39.5 billion yen compared to the previous forecast due to the increase in sales of construction contracts resulting from the steady progress of domestic Architectural Construction and domestic Civil Engineering projects.
Operating Income, Ordinary Income and Net Income are expected to increase by 2.2 billion yen, 3.8 billion yen and 3.9 billion yen respectively from the previous forecast due to the expected increase in gross profit of sales from construction contracts resulting from increase in sales of construction contracts and other reasons such as improvement of profitability in domestic Architectural Construction projects.
The profit rate for Construction business is expected to be 10.6% (Architectural Construction 10.8%, Civil Engineering 9.6%), compared to the previous forecast of 10.7% (Architectural Construction 10.6%, Civil Engineering 10.9%).

<Forecast of Consolidated Results of Operations>
In addition to the revision of the non-consolidated financial forecast, due to such reasons as expected increase in gross profit of sales from construction contracts resulting from improvement of profitability at domestic and overseas construction subsidiaries, Operating Income and Ordinary Income are expected to increase by 8.6 billion yen and 11.3 billion yen respectively from the previous forecast. Net Income attributable to shareholders of the Corporation is anticipated to increase by 16.6 billion yen from the previous forecast due to the expectation of Special Gain of 5.9 billion yen of Gain on negative goodwill as a result of acquiring Aomi Construction Co., Ltd. as a subsidiary.

The basic policy of the Corporation is to build a foundation for long-term growth by strengthening its financial position and maintaining stable dividends. It is the policy of the Corporation to return profits earned through growth with a consolidated payout ratio target of roughly 40%.
Under this policy, in line with the revision of the financial forecasts, the fiscal year-end dividend forecast is revised by an increase of 7 yen from the previous forecast of 43 yen to 50 yen.
As a result, the total dividend forecast will be 72 yen, an increase of 34 yen compared to actual results of the previous fiscal year.

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*The graphs and tables below do not reflect these revisions.