Dai-Dan (1980) Q4 2026 earnings summary

Executive summary

• FY2026 construction orders rose 25.5% to ¥353.1bn; completed construction sales fell 2.5% to ¥256.2bn, while uncompleted construction contracts reached a record ¥355.3bn, up 37.5%.

• Operating profit rose 49.7% to ¥34.5bn and profit attributable to owners of parent increased 53.5% to ¥26.8bn, supported by improved construction profitability.

Financial highlights

• Gross profit on completed construction contracts rose to ¥56.1bn from ¥41.3bn; gross margin improved 6.1 points to 21.9%, while SG&A increased to ¥21.6bn from ¥18.3bn.

• Ordinary profit rose 52.3% to ¥35.8bn; profit before income taxes was ¥37.5bn, and comprehensive income increased to ¥31.2bn from ¥17.7bn.

• Operating cash flow was ¥58.4bn and free cash flow ¥58.9bn; cash and cash equivalents reached ¥81.9bn at year-end.

Outlook and guidance

• FY2027 forecast: orders ¥360.0bn, net sales ¥265.0bn, operating profit ¥36.0bn, ordinary profit ¥36.5bn and parent-attributable profit ¥27.3bn.

• Forecast gross margin is 22.6%, operating margin 13.6% and ROE 19.8%; period-end uncompleted construction sales are forecast at ¥450.3bn.

• The final Refining Stage plan-year forecast exceeds revised operating-profit and ROE targets, while sales of ¥265.0bn are below the revised ¥270.0bn target.

• Forecasts rely on available information and assumptions; actual results may materially differ as business conditions change.