Kitano Construction (1866) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY7/3 was ¥16,359 million, a 17.7% decrease year-over-year.

• Operating income fell 36.7% to ¥450 million, and ordinary income declined 4.1% to ¥761 million year-over-year.

• Net income attributable to shareholders rose 9.4% to ¥612 million year-over-year.

• Comprehensive income increased slightly to ¥1,210 million, up 2.6% year-over-year.

Financial highlights

• Gross profit for Q1 was ¥1,922 million, down from ¥2,071 million year-over-year.

• EPS for Q1 was ¥106.85, up from ¥95.07 year-over-year.

• Total assets at quarter-end were ¥74,133 million, down from ¥77,829 million at the previous fiscal year-end.

• Net assets increased to ¥44,270 million from ¥43,693 million at the previous year-end.

Outlook and guidance

• Full-year revenue forecast is ¥86,000 million, up 1.2% year-over-year.

• Operating income is projected to decrease 31.3% to ¥3,300 million, and net income to fall 38.5% to ¥2,400 million.

• No changes to previously announced guidance.