Kitano Construction (1866) Q3 2026 earnings summary

Executive summary

• Revenue for the third quarter was ¥56,040 million, a 5.3% decrease year-over-year, while operating profit rose 29.5% to ¥3,384 million and ordinary profit increased 25.6% to ¥3,645 million. Net profit attributable to shareholders was ¥2,315 million, down 0.6% year-over-year.

• The construction segment saw a 5.7% decline in sales but a 31.2% increase in segment profit. Hotel and golf segments posted sales growth, with hotel segment profit up 26.0%.

Financial highlights

• Operating profit margin improved significantly, with operating profit up 29.5% year-over-year despite lower sales.

• Net assets increased to ¥50,009 million, and the equity ratio rose to 67.9%.

• EPS for the quarter was ¥95.24, slightly down from ¥97.16 the previous year.

• Comprehensive income for the quarter was ¥3,421 million, up 0.6% year-over-year.

Outlook and guidance

• Full-year revenue is forecast at ¥83,000 million (+2.7% year-over-year), with operating profit of ¥3,600 million (down 1.1%) and net profit of ¥2,500 million (down 26.1%).

• No changes to previously announced guidance.