Kinden (1944) investor relations material

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 7.5% year-over-year to ¥499,267 million, with operating profit up 69.2% and profit attributable to owners of parent up 64.8%.

• Non-consolidated net sales increased 3.5% year-over-year, with operating profit up 72.3% and profit up 67.1%.

• Construction orders surged 22.0% year-over-year, driven by strong demand across all major construction sectors.

Financial highlights

• Operating profit reached ¥51,957 million, ordinary profit ¥55,850 million, and profit attributable to owners of parent ¥40,257 million for the nine months, all showing significant year-over-year growth.

• Comprehensive income soared 178.1% year-over-year to ¥56,434 million.

• Basic earnings per share for the nine months was ¥203.16, up from ¥121.97 a year earlier.

• Equity-to-asset ratio improved to 74.1% as of December 31, 2025.

Outlook and guidance

• Full-year consolidated net sales forecast for FY ending March 31, 2026, is ¥750,000 million (+6.4% YoY), with operating profit of ¥84,000 million (+37.8% YoY) and profit attributable to owners of parent of ¥65,500 million (+38.6% YoY).

• Non-consolidated net sales forecast is ¥615,000 million (+3.2% YoY), with profit of ¥63,000 million (+48.7% YoY).

• Construction orders forecast revised upward to ¥680,000 million.

• Dividend forecast for FY26 raised to ¥125 per share.