Dai-Dan (1980) Q3 2026 earnings summary

Executive summary

• Orders received for construction contracts reached a record high, driven by large-scale overseas projects, renovations, and direct orders.

• Operating profit for the third quarter rose 61.7% year-over-year to ¥26,525 million, with net profit attributable to owners of parent up 58.6%.

• Net sales of completed construction contracts declined 3.0% year-over-year, reflecting a reactionary drop after prior large-scale project completions.

• Comprehensive income increased 79.2% year-over-year to ¥20,161 million.

• Profitability improved significantly, with gross profit, operating profit, and net profit all posting strong year-over-year gains.

Financial highlights

• Net sales of construction contract orders received rose 19.0% year-over-year to ¥244,959 million.

• Gross profit on completed contracts increased 43.3% to ¥41,671 million, with gross margin rising to 23.1%.

• Operating profit surged 61.7% to ¥26,525 million; net profit attributable to owners of parent rose 58.6% to ¥19,176 million.

• EPS for the third quarter was ¥148.60, up from ¥93.98, reflecting a 3-for-1 share split.

• Cash and cash equivalents at period end increased 154.6% year-over-year to ¥67,231 million.

Outlook and guidance

• Full-year operating profit forecast raised to ¥32,000 million, up ¥4,000 million from previous guidance, with profit attributable to owners of parent up 32.4% to ¥23,100 million.

• Full-year net sales forecast is ¥260,000 million, down 1.0% year-over-year.

• EPS forecast for the year is ¥179.01 post-split.

• Year-end dividend per share forecast raised to ¥45 (¥135 pre-split), with annual dividend totaling ¥217 per share pre-split.

• Estimated net sales of construction contract orders for the year are ¥320,000 million.