The Zenitaka Corporation (1811) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024, was ¥82,696 million, down 1.0% year-over-year, with construction contributing ¥80,866 million and real estate ¥1,829 million.

• Operating income rose 0.8% year-over-year to ¥1,626 million, while ordinary income increased 0.9% to ¥3,094 million.

• Net income attributable to shareholders fell 29.5% year-over-year to ¥2,210 million.

Financial highlights

• Gross profit increased to ¥6,453 million from ¥6,193 million year-over-year.

• Operating margin remained stable, with operating income at ¥1,626 million.

• Comprehensive income dropped sharply to ¥2,808 million, down 70.8% year-over-year.

• Total assets decreased by 4.1% from the previous fiscal year-end to ¥195,312 million.

• Net assets increased by 2.3% to ¥95,021 million, with an equity ratio of 48.7%.

Outlook and guidance

• Full-year revenue forecast revised to ¥120,100 million, a 0.7% decrease from the previous year.

• Operating income forecast raised to ¥1,900 million (up 42.8%), ordinary income to ¥3,300 million (up 33.8%), and net income to ¥2,200 million (up 19.6%).

• Dividend forecast maintained at ¥100 per share for both interim and year-end.