Kraftia (1959) Q1 2026 earnings summary

Executive summary

• Sales declined 6.2% year-over-year in the first quarter due to a high number of large-scale projects in early construction phases, but gross profit margin improved to 19.3% from 16.3% last year, driving higher operating and ordinary profit margins.

• Orders received rose 8.7% year-over-year to ¥126,056 million, driven by redevelopment projects in the Tokyo area while maintaining profitability.

• Operating income increased 8.1% year-over-year to ¥11,098 million, supported by improved gross profit margins.

• The company will change its name to KRAFTIA Corporation in October 2025 and has relocated its head office to ONE FUKUOKA BLDG.

• Progress made on the Ukujima Solar Power Project, with key occupancy permits obtained for undersea cable installation.

Financial highlights

• 1Q sales: ¥100,568 million (down 6.2% year-over-year); gross profit: ¥19,229 million (up 10.0%); operating profit: ¥11,098 million (up 8.1%); net profit: ¥7,719 million (down 0.5%).

• Gross profit margin rose to 19.1% from 16.3% year-over-year.

• Orders received: ¥126,056 million (up 8.7% year-over-year); construction on hand: ¥484,038 million (up 3.1%).

• Comprehensive income grew 7.0% year-over-year to ¥8,286 million.

• Profit per share was ¥109.14, nearly flat year-over-year.

Outlook and guidance

• Sales are expected to grow from 2Q onward as large-scale projects progress.

• FY2026 plan: sales ¥490,000 million (+3.4%), gross profit ¥77,100 million (+9.1%), operating profit ¥44,500 million (+7.5%), net profit ¥32,000 million (+10.8%), orders ¥485,000 million (+7.3%).

• Dividend per share planned at ¥180, with a consolidated payout ratio of about 40%.

• No changes to previously announced earnings forecasts.