Kandenko (1942) Q4 2026 earnings summary

Executive summary

• Achieved record consolidated net sales of ¥742.0 billion, up 10.4% year-over-year, with strong growth in both general customer and TEPCO Group segments.

• Operating profit rose 42.5% to ¥83.1 billion, and profit attributable to owners of the parent increased 49.9% to ¥63.5 billion year-over-year.

• Comprehensive income increased to ¥75,742 million from ¥45,492 million year-over-year.

• Orders received and backlog reached historic highs, reflecting robust demand across all major construction categories.

Financial highlights

• Consolidated gross profit margin improved to 16.3% from 13.8% year-over-year.

• Ordinary profit grew 42.8% year-over-year to ¥84,981 million.

• Earnings per share increased to ¥311.77 from ¥207.35 year-over-year.

• Cash flows from operating activities increased sharply to ¥89.5 billion, driven by higher profits and advances received.

• Dividend per share increased to ¥124, with a forecast of ¥130 for FY2026.

Outlook and guidance

• FY2026 consolidated net sales forecasted at ¥780.0 billion (+5.1%), with operating profit expected to reach ¥90.0 billion (+8.3%).

• Ordinary profit forecasted at ¥90,500 million, and profit attributable to owners of parent at ¥65,000 million for the next fiscal year.

• Earnings per share forecasted at ¥326.61 for the next fiscal year.

• Non-consolidated orders received projected at ¥809.0 billion (+10.6%), and net sales at ¥674.0 billion (+5.7%).

• Dividend payout policy targets a 40% payout ratio, maintaining stable and increasing dividends.