Kinden (1944) Q2 2026 earnings summary

Executive summary

• H1 consolidated net sales rose 7.8% YoY to ¥321,378 million, operating profit increased 147.6% to ¥31,887 million and profit attributable to owners of parent rose 130.3% to ¥22,603 million; interim results reached record highs.

• Consolidated and non-consolidated results exceeded April 2025 forecasts, supported by strong construction orders, improved project profitability and the addition of KITA KOUDENSHA Corporation to the consolidation scope.

Financial highlights

• Consolidated gross profit rose 52.8% YoY to ¥70,964 million, and gross margin increased 6.5 percentage points to 22.1%.

• Ordinary profit increased 138.0% to ¥34,073 million; comprehensive income rose 287.8% to ¥29,461 million.

• Basic earnings per share rose to ¥114.06 from ¥48.92 YoY.

• Standalone net sales rose 4.5% to ¥267,440 million and operating profit increased 142.8% to ¥29,550 million.

Outlook and guidance

• Revised FY2026 consolidated guidance: net sales ¥742,000 million, operating profit ¥81,000 million and profit attributable to owners of parent ¥64,500 million.

• Revised standalone FY2025 guidance: completed construction revenue ¥615.0 billion, operating profit ¥73.0 billion, ordinary profit ¥78.0 billion and net income ¥62.0 billion.

• Upward revisions reflected H1 outperformance, favorable order conditions and expected profitability of the H2 backlog.