Kitano Construction (1866) Q4 2026 earnings summary

Executive summary

• Revenue decreased by 2.5% year-over-year to ¥78,791 million, but operating profit rose 27.5% and net profit attributable to shareholders increased 3.2%.

• Construction industry faced labor shortages, rising costs, and intensified competition, but domestic demand remained resilient.

• Hotel and golf businesses showed steady growth despite external uncertainties.

Financial highlights

• Operating profit: ¥4,640 million (up 27.5% year-over-year).

• Ordinary profit: ¥5,006 million (up 23.0% year-over-year).

• Net profit attributable to shareholders: ¥3,490 million (up 3.2% year-over-year).

• Comprehensive income: ¥5,563 million (up 16.8% year-over-year).

• Cash and equivalents at year-end: ¥11,884 million (down 34.1% year-over-year).

Outlook and guidance

• FY9/2025 forecast: revenue ¥86,000 million (+9.1%), operating profit ¥5,000 million (+7.7%), net profit attributable to shareholders ¥3,500 million (+0.3%).

• Dividend forecast maintained at ¥30 per share.

• Management will focus on talent development, DX initiatives, and maintaining financial soundness.