Notice Regarding Revision of Numerical Values in Full-Year Earnings Guidance for the Fiscal Year Ending March 2026

Overview of Revision to Earnings Guidance

Kajima Corporation has upwardly revised its consolidated earnings guidance for the fiscal year ending March 2026. Net sales are expected to reach JPY 3,030,000 million (1.0% increase from previous forecast), operating income to JPY 228,000 million (12.9% increase), and net income attributable to owners of parent to JPY 170,000 million (9.7% increase). The non-consolidated earnings guidance was also revised upward with net sales at JPY 1,690,000 million (1.89% increase), operating income at JPY 166,000 million (16.9% increase), and net income at JPY 142,000 million (3.6% increase).

Reasons for Revision and Segment Trends

The increase in consolidated earnings guidance was primarily driven by upward revision of the non-consolidated results. Construction business progress has been steady, with improved profit margins due to cost reductions and additional change orders. Domestic subsidiaries have upgraded net income forecasts due to improved profitability. Meanwhile, overseas subsidiaries are expected to report lower net income than the previous forecast due to changes in the timing of sales of development properties, despite increased construction profits. The exchange rate used is JPY 156.56 to USD 1.