Although operating profit for the second quarter tends to be lower YoY, progress and accruals are more favorable in Q1, and Q2 typically sees a decline due to increased proposal activity. The dividend payout ratio remains above the basic policy of 30%, with an expected figure in the low 40s percent for the current term. Although public works budgets are increasing, orders for construction consultants are stagnant and competition is expected to intensify. Construction management is securing orders steadily with large projects, and is expected to continue growing as a growth area. Overseas operations are somewhat challenging, but orders are expected to recover in the second half. Internal deployment of DX and AI, and strengthened collaboration with overseas companies are planned to continue.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"9621","jir_company_name":"Kensetsu Gijutsu Kenkyusho","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-08-21","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/08\/9621-20260821-01.pdf","jir_short_summary":"Although operating profit for the second quarter tends to be lower YoY, progress and accruals are more favorable in Q1, and Q2 typically sees a decline due to increased proposal activity. The dividend payout ratio remains above the basic policy of 30%, with an expected figure in the low 40s percent for the current term. Although public works budgets are increasing, orders for construction consultants are stagnant and competition is expected to intensify. Construction management is securing orders steadily with large projects, and is expected to continue growing as a growth area. Overseas operations are somewhat challenging, but orders are expected to recover in the second half. Internal deployment of DX and AI, and strengthened collaboration with overseas companies are planned to continue.","jir_summary":"### Overview of Performance\nThe second quarter on a standalone basis shows a YoY decline in operating profit, but in Q1 project completions and accruals tend to progress more easily, while Q2 experiences a decline due to increased proposal activity. The dividend payout ratio remains above the basic policy of 30%, with the current term assumed at 42.7%, and the final figure will be confirmed at the end of the term. In terms of orders, despite increases in public works budgets, orders for construction consultants are lackluster, with intensified competition anticipated. Construction management is securing orders smoothly for large-scale projects, and is expected to continue growing as a growth area. Overseas divisions are struggling, but orders are expected to stabilize in the second half.\n\n### Outlook and Initiatives\nAdvance DX and production system reform, expand internal deployment utilizing Microsoft services and AI agents. Continue leveraging ISP division to utilize advanced AI and 3D data. For overseas construction consulting, monitor political trends while maintaining expectations that Waterman will secure orders in the second half. By assessing impacts on performance and securing orders while applying technological capabilities, aim to expand growth areas.","jir_financial_highlights":"Operating profit: Unknown (YoY decrease)\nDividend payout ratio: 42.7% (Prior term actual 35.0%, current term assumption 42.7%)","jir_category":"","jir_hashtags":"#ConstructionTechnologyResearchInstitute, #Earnings, #Dividend, #DX, #OverseasBusiness","jir_key_figures":"Dividend payout ratio: 42.7% (current term forecast, to be finalized at term-end)\nDrivers of private-sector orders: major transport-related projects and environmental impact assessments\nOrder trends: public works budgets are increasing, orders related to supplementary budgets are in progress","jir_meta_title":"\u3010Kensetsu Gijutsu Kenkyusho\u3011Q2 of the 64th Term Q&A Summary for the Financial Results Briefing | August 2026","jir_meta_description":"Summary of Q&A for Kensetsu Gijutsu Kenkyusho's Q2 financial results briefing of the 64th term. Highlights include operating profit trends, dividend payout, order trends, DX promotion, and overseas business outlook.","jir_og_title":"\u3010Construction Technology Research Institute\u3011Q2 Q&A Summary for the 64th Term","jir_og_description":"A concise summary of key points investors want to know, including profit trends in Q2, dividend payout ratio, orders, DX promotion, and overseas developments.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":16784,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-106253","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n