Dai-Dan (1980) investor relations material

Executive summary

• H1 FY2027 completed-construction sales were ¥126,844 million (+7.2% YoY), operating profit ¥23,958 million (+36.3%) and attributable profit ¥16,362 million (+30.7%).

• Orders received rose 38.2% to ¥252,685 million and the period-end uncompleted construction balance rose 49.0% to ¥481,114 million; reported sales, profits, orders and backlog reached record highs.

• FY2027 net sales, operating profit and ROE targets under the Mid-Term Management Plan are expected to be achieved.

Financial highlights

• Gross profit on completed construction contracts was ¥35,015 million, up from ¥27,470 million; SG&A was ¥11,056 million, up from ¥9,886 million.

• Ordinary profit was ¥24,384 million (+34.4%); attributable profit was ¥16,362 million (+30.7%) and comprehensive income was ¥16,488 million, versus ¥13,111 million a year earlier.

• Gain on sales of investment securities was ¥1,106 million, versus ¥212 million a year earlier; reported profit before tax was ¥25,447 million.

Outlook and guidance

• FY2027 orders-received forecast raised by ¥50,000 million to ¥410,000 million (+16.1% YoY), reflecting strong continuing Japanese order activity.

• FY2027 completed-construction net sales forecast remains ¥265,000 million (+3.4%); higher orders are expected to contribute in FY2028 and beyond.

• FY2027 operating profit forecast raised by ¥6,000 million to ¥42,000 million (+21.8%), mainly on stronger-than-expected profit improvement on unfinished construction.

• FY2027 ordinary profit is forecast at ¥42,500 million (+18.8%) and attributable profit at ¥30,000 million (+12.1%); EPS forecast is ¥231.73.

• Dividend forecast increased alongside the earnings forecast revision.