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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.
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Q2 2026 earnings summary11 Nov, 2025

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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Frequently asked questions

Taisei Corporation is a Japanese construction and civil engineering company providing comprehensive services across building construction, civil engineering, and real estate development. The company undertakes a wide range of projects, including skyscrapers, infrastructure such as bridges and tunnels, and urban development initiatives. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange (TSE).

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