Dai-Dan (1980) Q2 2026 earnings summary

Executive summary

• Achieved record-high orders, sales, and profits in the second quarter ending March 2026, driven by large-scale construction projects, especially overseas and in industrial facilities.

• Gross profit and operating profit margins improved sharply year-over-year, reflecting successful negotiations and project completions.

• Interim net profit more than doubled compared to the same quarter last year, outpacing increases in SG&A expenses.

• Comprehensive income increased 156.8% year-over-year to ¥13,111 million.

• A 3-for-1 share split was resolved, effective January 1, 2026, to enhance liquidity and broaden the investor base.

Financial highlights

• Net sales of construction contract orders received: ¥182.87B, up 32.6% year-over-year.

• Net sales of completed construction contracts: ¥118.36B, up 12.1% year-over-year.

• Gross profit on completed contracts: ¥27.47B, up 84.9% year-over-year; gross margin rose from 14.1% to 23.2%.

• Operating profit: ¥17.58B, up 159.2% year-over-year; operating margin increased from 6.4% to 14.9%.

• Interim net profit attributable to owners: ¥12.52B, up 129.5% year-over-year.

Outlook and guidance

• Full-year orders received forecast raised to ¥320B, up ¥37B from previous guidance, reflecting strong domestic and overseas demand.

• Full-year net sales forecast at ¥260B, down 1.0% year-over-year, with operating profit expected to rise 21.5% to ¥28B.

• Profit attributable to owners of parent projected at ¥20.5B, up 17.5% year-over-year.

• Gross profit on completed contracts expected to reach ¥51B, up ¥4.5B from prior forecast.

• Year-end dividend per share raised to ¥111 (pre-split), annual dividend to ¥193, reflecting strong performance.