First Quarter 2027 Results for the Fiscal Year Ending March 2027

Overview of results

For the first quarter of the fiscal year ending March 2027 (cumulative), consolidated results were: revenue of 105,044 million yen (year-ago quarter 93,490 million, +12.4%), operating income 6,484 million yen (+22.3%), ordinary income 6,336 million yen (+41.7%), and net income attributable to owners of parent 4,237 million yen (+34.9%). Comprehensive income rose to 13,868 million yen from 5,347 million yen in the same period last year. By segment, Construction saw substantial increases in orders and completed construction, Civil Engineering with higher orders but lower profits, Group and others remained steady. Financial position shows total assets of 411,976 million yen, net assets of 216,843 million yen, and equity ratio improved to 52.4%.

Prospects and dividends

Full-year earnings guidance remains unchanged from the announcement for the fiscal year ending March 2027 (as of May 14, 2026). The dividend estimate is 84 yen for the year, excluding interim, with no change to the latest dividend forecast. On capital policy, there is no information on share buybacks in the main text. Given ongoing market uncertainties, attention should be paid to material price trends and exchange rate effects.