UEKI Corporation (1867) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue rose 10.4% YoY to ¥31,733 million and operating income increased 21.5% to ¥1,748 million, supported by construction progress and property sales.

• Construction orders received rose 60.1% to ¥36.46 billion and the order backlog grew 21.7% to ¥74.18 billion.

Financial highlights

• Gross profit was ¥3,619 million (+11.7%); SG&A was ¥1,871 million (+3.9%). Operating margin increased to 5.5% from 5.0%.

• Ordinary income rose 19.9% to ¥1,802 million; interim net income attributable to owners rose 19.7% to ¥1,149 million.

• Comprehensive income increased 46.9% to ¥1.97 billion, including higher unrealized gains on securities.

Outlook and guidance

• FY2027 guidance was unchanged: revenue ¥65,000 million (+2.7%), operating income ¥3,200 million (-14.0%), ordinary income ¥3,250 million (-14.8%) and net income ¥2,150 million (-10.7%).

• H1 progress against full-year targets was 48.8% for revenue, 54.6% for operating income, 55.4% for ordinary income and 53.4% for net income.

• Full-year construction revenue is forecast at ¥56,000 million (-1.1%) and real estate revenue at ¥5,000 million (+106.1%), supported by increased Tokyo-area condominium sales.