Kinden (1944) Q1 2027 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2026, rose 14.8% year-over-year to ¥162,369 million, with operating profit up 89.0% to ¥13,601 million and profit attributable to owners of parent up 127.6% to ¥9,894 million.

• Non-consolidated net sales increased 12.8% year-over-year to ¥132,258 million, with operating profit up 56.6% and ordinary profit up 50.2%.

• Construction orders grew 16.3% year-over-year, driven by strong demand in electrical and environmental management sectors.

Financial highlights

• Gross profit on completed construction contracts increased from ¥27,848 million to ¥36,847 million year-over-year.

• Basic earnings per share rose to ¥52.18 from ¥21.92 year-over-year.

• Equity-to-asset ratio decreased to 49.9% from 72.4% at the end of the previous fiscal year.

• Net assets declined by 34.5% to ¥433,425 million due to treasury share transactions.

Outlook and guidance

• Full-year consolidated net sales forecast at ¥810,000 million (up 7.9% year-over-year), with operating profit of ¥97,000 million and profit attributable to owners of parent of ¥70,000 million.

• Dividend forecast for FY2027 is ¥240 per share, including special dividends tied to medium-term plan achievements.

• Impact of THE KODENSHA Co., Ltd. acquisition on forecasts is under review.