Kitano Construction (1866) Q1 2027 earnings summary

Executive summary

• Revenue for Q1 FY9/3 was ¥20,497 million, up 8.6% year-over-year, with operating profit at ¥1,205 million, up 62.9%, and net profit attributable to shareholders at ¥1,082 million, up 125.2%.

• Construction segment drove growth, while hotel business remained solid and golf/advertising segments saw declines.

Financial highlights

• Operating profit margin improved significantly, with operating profit up 62.9% and ordinary profit up 97.7% year-over-year.

• EPS for Q1 was ¥44.50, compared to ¥19.78 in the prior year.

• Comprehensive income for Q1 was ¥2,264 million, a 555.7% increase year-over-year.

Outlook and guidance

• Full-year forecast remains unchanged: revenue ¥86,000 million (+9.1%), operating profit ¥5,000 million (+7.7%), net profit ¥3,500 million (+0.3%), EPS ¥143.93.

• No revision to previously announced guidance as of the current reporting date.