For the fiscal year ending March 2026, consolidated net sales are revised upward to JPY 2,057.8 billion (2.4% increase from previous forecast), net income attributable to owners of the parent is revised upward to JPY 126.6 billion (15.1% increase YoY), and the annual dividend forecast is increased to JPY 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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":"1803","jir_company_name":"Shimizu Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-04-24","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/1803-20260424-01.pdf","jir_short_summary":"For the fiscal year ending March 2026, consolidated net sales are revised upward to JPY 2,057.8 billion (2.4% increase from previous forecast), net income attributable to owners of the parent is revised upward to JPY 126.6 billion (15.1% increase YoY), and the annual dividend forecast is increased to JPY 72.","jir_summary":"### Details of Revision to Earnings Guidance\nShimizu Corporation has revised upward its full-year consolidated and non-consolidated earnings guidance for the fiscal year ending March 2026. Consolidated net sales are projected at JPY 2,057.8 billion (2.4% increase from previous forecast), operating income at JPY 118.6 billion (7.8% increase), ordinary income at JPY 122.3 billion (10.2% increase), and net income attributable to owners of the parent at JPY 126.6 billion (15.1% increase). Non-consolidated results were also revised: net sales at 1,589.5 billion yen (2.5% increase), operating income at 84.2 billion yen (2.7% increase), ordinary income at 96.3 billion yen (4.1% increase), and net income at 132.9 billion yen (3.0% increase). The increase in net sales is primarily due to progress in domestic building and civil engineering construction projects leading to higher completed construction work volumes. Profit improvement reflects better profitability and enhanced project margins at subsidiaries.\n\n### Revision and Policy on Dividend Forecast\nThe dividend forecast has also been revised upward with an annual dividend of JPY 72 (previous forecast: JPY 38), including an increased year-end dividend of JPY 50. This is based on the policy to return profits targeting a consolidated payout ratio of 40%. Note that gains from negative goodwill included in net income attributable to owners of the parent, which do not involve cash inflows, are excluded from the dividend calculation. Order backlog for non-consolidated results also exceeded previous forecasts at JPY 1.8981 trillion. These revisions are scheduled to be officially approved at the Annual General Meeting of Shareholders to be held in June 2026.","jir_financial_highlights":"Consolidated Net Sales: 2,057,800 million yen (2.4% increase from previous forecast)\nConsolidated Operating Income: 118,600 million yen (7.8% increase from previous forecast)\nConsolidated Ordinary Income: 122,300 million yen (10.2% increase from previous forecast)\nNet Income Attributable to Owners of Parent: 126,600 million yen (15.1% increase from previous forecast)\nNon-consolidated Net Sales: 1,589,500 million yen (2.5% increase from previous forecast)\nNon-consolidated Operating Income: 84,200 million yen (2.7% increase from previous forecast)\nNon-consolidated Ordinary Income: 96,300 million yen (4.1% increase from previous forecast)\nNon-consolidated Net Income: 132,900 million yen (3.0% increase from previous forecast)\nAnnual Dividend Forecast: JPY 72 (Increase of JPY 34 from previous forecast)","jir_category":"","jir_hashtags":"#ShimizuCorporation, #EarningsGuidanceRevision, #DividendIncrease, #JapaneseStocks","jir_key_figures":"Consolidated Net Sales: 2,057,800 million yen (2.4% increase from previous forecast)\nNet Income Attributable to Owners of Parent: 126,600 million yen (15.1% increase from previous forecast)\nAnnual Dividend Forecast: JPY 72 (Increase of JPY 34 from previous forecast of JPY 38)","jir_meta_title":"Shimizu Corporation Revises Up Fiscal Year 2026 Earnings Guidance: Net Income Up 15.1%, Dividend Raised to \u00a572","jir_meta_description":"Shimizu Corporation has revised upward its consolidated earnings guidance for fiscal year 2026 to net sales of JPY 2,057.8 billion (2.4% increase) and net income of JPY 126.6 billion (15.1% increase), raising its annual dividend forecast to JPY 72.","jir_og_title":"Shimizu Corporation Revises Up Fiscal Year 2026 Earnings Guidance: Net Income Up 15.1%, Dividend Raised to \u00a572","jir_og_description":"Shimizu Corporation has raised its earnings guidance for fiscal year 2026. Net sales increase to JPY 2,057.8 billion, net income to JPY 126.6 billion, with plans to increase dividends to JPY 72.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_forecast_comparison\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Fiscal Year Ending March 2026 Revenue Forecast Comparison (Consolidated & Non-consolidated)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Previous Consolidated Forecast\\\",\\\"Revised Consolidated Forecast\\\",\\\"Previous Non-consolidated Forecast\\\",\\\"Revised Non-consolidated Forecast\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Sales (million yen)\\\",\\\"data\\\":[2010000,2057800,1550000,1589500],\\\"backgroundColor\\\":[\\\"#4e79a7\\\",\\\"#59a14f\\\",\\\"#f28e2b\\\",\\\"#e15759\\\"]}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"operating_profit_forecast_comparison\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Fiscal Year Ending March 2026 Operating Income Forecast Comparison (Consolidated & Non-consolidated)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Previous Consolidated Forecast\\\",\\\"Revised Consolidated Forecast\\\",\\\"Previous Non-consolidated Forecast\\\",\\\"Revised Non-consolidated Forecast\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income (million yen)\\\",\\\"data\\\":[110000,118600,82000,84200],\\\"backgroundColor\\\":[\\\"#4e79a7\\\",\\\"#59a14f\\\",\\\"#f28e2b\\\",\\\"#e15759\\\"]}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"net_income_forecast_comparison\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Fiscal Year Ending March 2026 Net Income Forecast Comparison (Consolidated & Non-consolidated)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Previous Consolidated Forecast\\\",\\\"Revised Consolidated Forecast\\\",\\\"Previous Non-consolidated Forecast\\\",\\\"Revised Non-consolidated Forecast\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Income (million yen)\\\",\\\"data\\\":[110000,126600,129000,132900],\\\"backgroundColor\\\":[\\\"#4e79a7\\\",\\\"#59a14f\\\",\\\"#f28e2b\\\",\\\"#e15759\\\"]}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"dividend_forecast_comparison\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Fiscal Year Ending March 2026 Dividend Forecast Comparison\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Previous Forecast\\\",\\\"Revised Forecast\\\",\\\"Previous Year Actual\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Annual Dividend (JPY)\\\",\\\"data\\\":[38,72,38],\\\"backgroundColor\\\":[\\\"#4e79a7\\\",\\\"#59a14f\\\",\\\"#f28e2b\\\"]}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"order_backlog_comparison\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Fiscal Year Ending March 2026 Order Backlog Results (Non-consolidated) Comparison\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Building (of which Overseas)\\\",\\\"Civil Engineering (of which Overseas)\\\",\\\"Construction Business Total (of which Overseas)\\\",\\\"Development Business, etc.\\\",\\\"Total\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Current Period Results (billion yen)\\\",\\\"data\\\":[1450.5,353.9,1804.5,93.6,1898.1],\\\"backgroundColor\\\":\\\"#59a14f\\\"},{\\\"label\\\":\\\"Previous Forecast (billion yen)\\\",\\\"data\\\":[1400,300,1700,120,1820],\\\"backgroundColor\\\":\\\"#4e79a7\\\"}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}]","ir_related_company":7398,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"earnings_guidance","footnotes":""},"sector":[],"importance":[],"class_list":["post-42079","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n