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Taisei (1801) investor relations material
Taisei Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net income for the first half of FY2025 reached ¥63.6 billion, up 41.9% year-over-year, with profit and margin improvements across all segments.
Gross profit margins improved significantly in civil engineering (21.9%) and building construction (10.7%).
Operating income doubled to ¥81.2 billion, and the acquisition of Toyo Construction Co., Ltd. contributed to asset growth and segment synergies.
Upward revisions to full-year forecasts reflect M&A impact, improved profitability, and cross-shareholding reduction.
Net income for FY2025 is expected to reach a record high, with annual dividend raised to ¥250 per share.
Financial highlights
Q2 FY2025 net sales: ¥907.8 billion, down 4.7% year-over-year; net income: ¥63.6 billion, up 41.9%.
Gross profit for Q2 increased by 54.3% year-over-year, driven by margin improvements.
Operating income for Q2 rose 100.5% year-over-year to ¥81.2 billion; ordinary income: ¥83.9 billion, up 68.7%.
Net income per share: ¥378.30, up ¥134.31 year-over-year.
Comprehensive income: ¥81.1 billion, up from ¥9.4 billion year-over-year.
Outlook and guidance
Full-year net income forecast revised upward to ¥137.0 billion, up ¥57.0 billion from initial forecast.
Net sales forecast for FY2025 revised to ¥2,090.0 billion, up ¥130.0 billion from initial forecast.
Operating income forecast for FY2025 raised to ¥148.0 billion (+46.5%).
Orders received expected to reach ¥2,190.0 billion (+6.3%).
Dividend payout ratio set at a minimum of 30%, with annual dividend raised to ¥250 per share.
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