The Zenitaka Corporation (1811) Q4 2026 earnings summary

Executive summary

• Revenue increased by 4.0% year-over-year to ¥125,497 million, with operating income up 26.8% and net income attributable to shareholders rising 21.4%.

• Construction business saw a 3.9% increase in sales, while real estate grew 9.7%.

• Orders received declined 36.2% year-over-year, reflecting a challenging market environment.

Financial highlights

• Operating income: ¥4,708 million (+26.8% YoY); Ordinary income: ¥6,413 million (+25.8% YoY); Net income: ¥4,254 million (+21.4% YoY).

• Comprehensive income surged to ¥19,237 million, driven by a significant increase in valuation gains on securities.

• Total assets rose 5.2% to ¥217,459 million; equity ratio improved to 53.0%.

• Cash and equivalents at year-end: ¥25,404 million, up ¥12,866 million from the previous year.

Outlook and guidance

• FY2027 forecast: Revenue expected to decrease 10.3% to ¥112,600 million; operating income to drop 72.4% to ¥1,300 million; net income to fall 64.5% to ¥1,510 million.

• Management cites ongoing cost pressures and market uncertainty as key risks for the coming year.