Taisei (1801) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2024 rose 33.3% year-over-year to ¥1,527.5 billion, with net income attributable to owners of parent up 324% to ¥83.8 billion.

• Operating income surged 356.6% year-over-year to ¥79.96 billion, aided by one-time amortization of negative goodwill and reduction in cross-shareholdings.

• Comprehensive income for the period was ¥24.77 billion, down 60.5% from the previous year.

Financial highlights

• New orders rose to ¥1,644.2 billion, up ¥499.4 billion year-over-year, reaching 86.1% of the full-year forecast.

• Net sales increased to ¥1,527.5 billion, up ¥381.2 billion year-over-year, at 76.8% of the annual target.

• Gross profit for the nine months was ¥156.8 billion, up from ¥87.1 billion year-over-year.

• Net income per share was ¥457.17, compared to ¥105.53 in the prior year period.

• Equity ratio improved to 37.4% from 36.0% at the previous fiscal year-end.

Outlook and guidance

• FY2024 full-year forecasts: new orders ¥1,910.0 billion, net sales ¥1,990.0 billion, operating income ¥87.0 billion, net income ¥83.0 billion.

• Dividend forecast for FY2024 is ¥130 per share, unchanged from the previous year.

• Q1–Q3 progress rates indicate strong momentum toward achieving full-year targets.