INFRONEER Holdings (5076) Q1 2026 earnings summary

Executive summary

• Q1 net sales rose 7.4% YoY to ¥191.6B; business profit nearly doubled to ¥7.3B, while EBITDA and net income reached records since establishment.

• Strategy focuses on an integrated infrastructure lifecycle model, strengthening construction and expanding de-construction businesses.

Financial highlights

• Net sales were ¥191.6B versus ¥178.3B; gross profit was ¥24.9B versus ¥19.8B, and operating profit rose to ¥6.7B from ¥3.4B.

• Business profit was ¥7.3B versus ¥3.8B; EBITDA was ¥17.1B versus ¥12.1B.

• Profit attributable to owners of parent was ¥8.1B versus ¥2.8B, up 293% YoY, primarily due to investment-asset revaluation gains; basic EPS was ¥32.65 versus ¥11.32.

• Profit before tax rose to ¥11.7B from ¥3.6B; comprehensive income was ¥7.9B versus ¥1.2B.

Outlook and guidance

• Full-year forecasts remain unchanged: net sales ¥896.3B, business profit ¥54.5B, EBITDA ¥91.8B, operating profit ¥54.9B and profit attributable to owners ¥33.4B.

• Forecast profit before tax is ¥51.4B and basic EPS is ¥124.21; Q1 progress was 21.4% of sales and 13.3% of business profit.

• Dividend forecast is ¥60 per common share; Building Construction and Infrastructure Management expect to meet or exceed targets, while Civil Engineering and Machinery expect to meet plans.