Shimizu (1803) investor relations material

Financial performance highlights

• FY2025 net sales rose by 113.4 billion yen, driven by domestic construction and M&A of overseas subsidiaries.

• Operating income increased by 47.6 billion yen, with improved profitability in domestic and overseas projects.

• Net income surged by 60.6 billion yen, including 87.9 billion yen from security holdings sales.

• FY2026 forecasts further net sales growth to 2,310.0 billion yen and operating income to 153.0 billion yen.

• Dividend per share is set to rise to 77 yen in FY2026.

Business environment and strategic initiatives

• Strong private-sector investment in Japan, especially in redevelopment, manufacturing, and data centers.

• Overseas, robust demand in Southeast Asia, India, and North America, with focus on data centers and infrastructure.

• Major domestic and international projects include urban redevelopment, hospital construction in Singapore, and large-scale civil engineering.

• Adoption of new construction methods and digital technologies to improve productivity and reduce timelines.

Segment and investment performance

• Construction contracts and gross profit increased significantly in FY2025, with improved margins.

• Real estate development focuses on asset turnover, with private REIT expansion and green energy initiatives.

• Major M&A: Aomi Construction and American Engineering Corporation acquired to strengthen civil engineering and overseas business.

• Offshore wind power initiatives leverage proprietary SEP vessel for domestic and international projects.