Fukuda (1899) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2026 rose 14.7% year-over-year to ¥88,862 million, with operating profit up 61.8% to ¥5,819 million and profit attributable to owners of parent up 71.4% to ¥4,380 million.

• Revenue and profit increased year-over-year, driven by steady progress in large-scale private-sector building construction projects and a reduction in unprofitable projects.

• Comprehensive income increased 84.6% year-over-year to ¥4,992 million.

Financial highlights

• Gross profit increased from ¥8,551 million to ¥10,998 million year-over-year, with gross margin improvement across construction and real estate segments.

• Net sales rose 14.7% year-over-year to ¥88,862 million in 2Q FY2026.

• Operating profit increased 61.8% to ¥5,819 million; ordinary profit up 59.8% to ¥6,074 million.

• Profit attributable to owners of parent grew 71.4% to ¥4,380 million.

• Basic earnings per share for the interim period was ¥264.84, reflecting a two-for-one stock split.

Outlook and guidance

• Full-year net sales and profit forecasts revised upward; net sales now expected at ¥190,500 million, operating profit at ¥9,300 million, and profit attributable to owners at ¥6,400 million.

• Basic earnings per share forecast for the year is ¥390.24 post-stock split.

• Dividend forecast for FY2026 is ¥140.00 per share (post-split), revised from previous guidance.

• Orders forecast remains unchanged due to labor shortages and uncertainty in second-half growth.

• Forecasts reflect strong construction project progress and improved profitability.