Kitano Construction (1866) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended September 30, 2024, was ¥37,589 million, down 2.7% year-over-year.

• Operating income rose 39.3% to ¥2,103 million, and net income attributable to shareholders increased 56.3% to ¥2,070 million year-over-year.

• The construction segment saw a 3.0% decrease in sales but a 50.5% increase in segment profit.

Financial highlights

• Gross profit increased to ¥5,109 million from ¥4,267 million year-over-year.

• Ordinary income rose 39.5% to ¥2,490 million.

• EPS for the period was ¥348.32, up from ¥226.66 in the prior year.

• Total assets at period-end were ¥72,763 million, with net assets of ¥45,060 million.

• Cash and cash equivalents at period-end were ¥18,685 million, down from ¥25,868 million at the previous year-end.

Outlook and guidance

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

• Full-year operating income is projected to decline 31.3% to ¥3,300 million, and net income to decrease 38.5% to ¥2,400 million.

• No changes to previously announced full-year guidance.