Takamatsu Construction Group (1762) Q2 2027 earnings summary

Executive summary

• H1 FY2027 orders, net sales, operating profit and ordinary profit reached period records; profit attributable to owners of parent rose 82.0% YoY to ¥8,179 million.

• Broad-based Architecture and Real Estate growth, alongside stronger gross margins, drove the increase in consolidated earnings.

Financial highlights

• Orders received rose 21.9% YoY to ¥230,628 million; net sales increased 10.3% to ¥188,589 million.

• Gross profit was ¥31,604 million, up 22.6%; gross margin rose 1.7pt to 16.8%.

• Operating profit rose 62.4% to ¥12,797 million; operating margin increased 2.2pt to 6.8%.

• Ordinary profit rose 60.0% to ¥12,415 million; basic EPS was ¥234.93 versus ¥129.06.

Outlook and guidance

• FY2027 forecasts were raised: orders to ¥470,000 million from ¥450,000 million, net sales to ¥410,000 million from ¥400,000 million, and operating profit to ¥24,000 million from ¥20,000 million.

• FY2027 forecasts also include ordinary profit of ¥23,000 million, profit attributable to owners of parent of ¥15,000 million, and basic EPS of ¥430.81.

• FY2028 plans are to be formulated based on the current mid-term business plan and FY2027 full-year results.