HASEKO (1808) Q3 2025 earnings summary

Executive summary

• Net sales for 1Q-3Q FY2024 rose 8.8% year-over-year to 836.7 billion yen, driven by completed construction contracts and real estate transactions.

• Ordinary profit declined 3.5% year-over-year to 58.4 billion yen due to lower gross profits and higher SG&A.

• Profit attributable to owners of parent dropped 53.6% year-over-year to 18.4 billion yen, impacted by extraordinary losses including impairment and litigation provisions in the overseas segment.

• Orders received (non-consolidated) surged 39.0% year-over-year to 433.8 billion yen, progressing well toward the annual forecast.

• Annual profit forecast was revised downward, but the annual dividend is maintained at 85 yen per share.

Financial highlights

• Net sales: 836.7 billion yen (+8.8% year-over-year); gross profit: 116.9 billion yen (+1.0%).

• Operating profit: 57.4 billion yen (-6.5% year-over-year); ordinary profit: 58.4 billion yen (-3.5%).

• Profit attributable to owners of parent: 18.4 billion yen (-53.6% year-over-year); EPS: 67.28 yen.

• Orders received (non-consolidated): 433.8 billion yen (+39.0% year-over-year).

• Progress toward annual net sales forecast: 70.9%.

Outlook and guidance

• Full-year net sales forecast revised to 1,180 billion yen, up 7.8% year-over-year.

• Revised annual profit attributable to owners of parent forecast: 30.0 billion yen (down 43.4% from previous forecast).

• EPS revised to 109.87 yen (down 43.4%); ROE revised to 5.8%.

• Dividend per share maintained at 85 yen; payout ratio rises to 77.4%.

• New medium-term business plan announced, starting next fiscal year.