FY23 March Term Analyst Financial Results Briefing [Presentation Materials]

FY25 Financial Summary & FY26 Earnings Guidance

FY25 full-year results reached revenue of ¥1.1249 trillion, operating profit of ¥841 billion, EBITDA of ¥1,287 billion, and net income of ¥766 billion, all record highs. Dividends followed the policy of at least 40% payout ratio at ¥120 (interim ¥30, year-end ¥90). FY26 full-year plan forecasts revenue of ¥1.366 trillion, operating profit of ¥800 billion, EBITDA of ¥1,284 billion, and net income of ¥600 billion, with revenue anticipated as a record high. Dividends are scheduled at ¥100 per share (interim ¥50, year-end ¥50), raising the lower limit dividend from ¥60 to ¥90.

Details on Operating Profit and Share Buyback/Tender Offer

FY25 operating profit totaled ¥841 billion, approximately 65% higher than the initial plan of ¥545 billion. Contributions include the integration of Sumitomo Mitsui Construction, gains from the transfer of Toyo Construction shares, and growth across segments. The FY26 operating profit plan is ¥800 billion, but excluding the interim profit of SMC and gains from Toyo Construction share sales, the actual expected figure is ¥738 billion, with further increases anticipated by adding the watering business profit. All shares of Watering are scheduled to be acquired on July 1, 2026. The tender offer for Mitsui Sumitomo Construction Road was decided on March 9, 2026, and completed on April 21.