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Kajima (1812) investor relations material
Kajima Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary6 Aug, 2025
Executive summary
Q1 FY2025 revenues rose 5.9% year-over-year to ¥649.6B, with operating income up 48.7% and net income attributable to owners up 52.1%.
Record-high consolidated revenues and gross profit margin achieved in Q1, with progress toward a record net income target of ¥130B for the full year.
Gross profit margin improved to 11.7% from 10.1% YoY, driven by strong construction segment performance.
Comprehensive income declined 35.3% YoY due to negative foreign currency translation adjustments.
Construction demand in Japan remained robust; large-scale projects secured in the US and Europe.
Financial highlights
Consolidated revenues rose to ¥649.6B (+¥36.3B YoY); operating income increased to ¥37.5B (+¥12.2B YoY); net income attributable to owners reached ¥26.5B (+¥9.0B YoY).
Operating income reached ¥37.6B, up from ¥25.3B YoY; net income attributable to owners was ¥26.5B, up from ¥17.4B YoY.
Basic net income per share increased to ¥56.46 from ¥36.60 YoY.
Interest-bearing debt decreased by 6.0% to ¥744.3B as of June 30, 2025.
Construction contract awards remained high at ¥520.6B, though down YoY.
Outlook and guidance
Full-year forecasts remain unchanged: consolidated revenues ¥2,950B, operating income ¥159B, net income ¥130B.
Operating income projected at ¥159B (+4.7%), net income attributable to owners at ¥130B (+3.3%).
Full-year dividend forecast is ¥112 per share.
Domestic and overseas real estate property sales expected to rise in 2H; aiming for further profit growth.
Construction contract awards expected to decline 11.2% YoY, with domestic awards down 18.3%.
How did real estate revenues change YoY?
What is the FY25 forecast for interest-bearing debt?
What is the FY25 forecast for contract awards?
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Q2 202611 Nov, 2025
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Frequently asked questions
Kajima Corporation is a Japanese construction and engineering company providing services across the building, civil engineering, real estate development, and architectural design sectors. The company undertakes large-scale projects that include infrastructure development, such as roads, bridges, and tunnels, as well as commercial, industrial, and residential buildings. In addition to construction, Kajima is involved in environmental initiatives, including disaster prevention, renewable energy projects, and ecological restoration. Kajima Corporation is headquartered in Tokyo, Japan, and its shares are listed on the TSE.
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