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Kajima (1812) investor relations material
Kajima Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary11 Nov, 2025
Executive summary
Achieved record-high first-half revenues and profits, with Q2/FY2025 revenue up 3.9% YoY to ¥1.3729 trillion and net income up 120% to ¥77.3B, driven by improved profitability in domestic and overseas construction businesses.
Gross profit margin improved to 13.6% from 9.6% YoY, led by strong construction segment performance.
Upward revision of full-year forecasts, with all major profit metrics expected to reach new highs.
Growth strategies focus on risk management, innovation, and sustainability, with proactive investments in human capital and circular economy initiatives.
Comprehensive income increased 48.5% YoY to ¥84.4B.
Financial highlights
1H FY2025 consolidated revenue: ¥1.3729 trillion (+¥51.2B YoY); operating profit: ¥108.7B (+126.0% YoY); net profit: ¥77.3B (+120.0% YoY).
Gross profit margin improved to 13.6% (from 9.6% YoY); civil engineering GP margin rose to 24.6%.
Ordinary income rose 115.2% to ¥105.4B; basic EPS increased to ¥165.29 from ¥74.23.
Owners' equity ratio improved to 38.6% from 36.4% at the previous fiscal year-end.
Interest-bearing debt increased to ¥813.6B, up 2.7% from March 31, 2025.
Outlook and guidance
FY2025 full-year forecast: revenue ¥3T (+3.0% YoY), operating income ¥202B (+33.0%), net income ¥155B (+23.2%)—all record highs.
Dividend per share raised to ¥132 (from ¥112); minimum ¥132 planned for FY2026.
Nonconsolidated revenue forecast for FY2025 is ¥1.66T (+6.4%), with net income expected at ¥125B (+19.3%).
Favorable business conditions expected to continue, but some FY2025 performance drivers may diminish in FY2026.
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Q3 202612 Feb, 2026
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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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