Kitano Construction (1866) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024, was ¥59,169 million, down 3.4% year-over-year.

• Operating income decreased 23.5% year-over-year to ¥2,614 million.

• Ordinary income fell 23.7% to ¥2,901 million, and net income attributable to shareholders dropped 16.1% to ¥2,330 million.

• The construction industry remained resilient, but faced labor shortages, rising costs, and intensified competition.

Financial highlights

• Gross profit for the period was ¥7,102 million, down from ¥7,513 million year-over-year.

• EPS for the period was ¥388.64, compared to ¥478.04 in the prior year.

• Comprehensive income was ¥3,402 million, an 18.9% decrease year-over-year.

• Total assets at period-end were ¥74,043 million, with net assets of ¥45,937 million.

• Equity ratio improved to 61.3% from 55.4% at the previous year-end.

Outlook and guidance

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

• Operating income is projected to decline 31.3% to ¥3,300 million.

• Net income attributable to shareholders is expected to decrease 38.5% to ¥2,400 million.

• No changes to previously announced guidance as of this report.