Takamatsu Construction Group (1762) investor relations material

Executive summary

• Achieved record highs in orders received (¥436,098 million, up 11.4% YoY), net sales (¥357,675 million, up 3.2% YoY), operating profit (¥17,897 million, up 56.2% YoY), and ordinary profit (¥17,512 million, up 64.9% YoY), with profit attributable to owners of parent up 77.1% YoY to ¥11,426 million.

• All business segments contributed to growth, with architecture and civil engineering showing especially strong performance.

• Comprehensive income reached ¥12,170 million, up from ¥7,033 million in the prior year.

• Dividend per share for FY2026 increased to 130 yen, up 40 yen from the previous forecast.

Financial highlights

• Gross profit increased 23.7% YoY to ¥55,196 million; gross profit margin improved by 2.5pt to 15.4%.

• Basic earnings per share rose to ¥328.18 from ¥185.32 YoY.

• Net assets grew to ¥146,926 million, with net assets per share at ¥4,218.07.

• Equity-to-asset ratio declined to 46.7% from 51.1% YoY.

• Cash and cash equivalents at year-end were ¥33,920 million, down ¥1,802 million from the previous year.

Outlook and guidance

• FY2027 targets revised upward: orders received ¥450,000 million (+3.2%), net sales ¥400,000 million (+11.8%), operating profit ¥20,000 million (+11.8%), ordinary profit ¥19,500 million (+11.4%), profit attributable to owners of parent ¥12,500 million (+9.4%).

• Dividend forecast for FY2027 set at 144 yen per share, payout ratio 40.1%.

• Operating margin target maintained at 5.0% for FY2027.

• Forecast does not include potential impact from rising crude oil prices or Middle East tensions.

• Business environment remains uncertain due to rising material costs, labor shortages, and geopolitical risks.