Dai-Dan (1980) Q3 2025 earnings summary

Executive summary

• Net sales of completed construction contracts rose 33.2% year-over-year to ¥185.85 billion, driven by progress on large-scale industrial and medical facility projects.

• Operating profit surged 158.6% year-over-year to ¥16.4 billion, with margins improving to 8.8%.

• Net profit attributable to owners of parent rose 136.3% year-over-year to ¥12.09 billion.

• Comprehensive income increased 77.3% year-over-year to ¥11.25 billion.

• Orders received declined 4.0% year-over-year after prior large-scale orders, but renovation and overseas orders grew significantly.

Financial highlights

• Gross profit on completed contracts increased 66.4% year-over-year to ¥29.07 billion, with gross margin up 3.1 points to 15.6%.

• EPS for the third quarter was ¥281.94, up from ¥119.41 in the prior year.

• Cash and cash equivalents at quarter-end increased 30.5% year-over-year to ¥26.4 billion.

• Net assets grew 8.7% to ¥102.16 billion, while total assets rose 28.5% to ¥206.25 billion.

• Dividend forecast for the year is ¥150 per share, reflecting a revision from previous guidance.

Outlook and guidance

• Full-year net sales of completed construction contracts are forecast at ¥255 billion, up ¥5 billion from the previous forecast.

• Operating profit is projected to reach ¥22 billion, and net profit ¥16 billion, both record highs.

• Ordinary profit is projected at ¥22.3 billion, up 87.1% year-over-year.

• Estimated net sales of construction contract orders for the year are ¥265 billion.

• Dividend forecast revised upward to ¥150 per share, reflecting a payout ratio of 40.2%.