Daito Trust Construction (1878) Q3 2026 earnings summary

Executive summary

• Net sales for 3Q FY26 rose 6.0% year-over-year to ¥1,443.5bn, with operating income up 3.7% to ¥106.5bn and net income attributable to owners at ¥76.1bn, a slight decrease of 0.9% year-over-year.

• Ordinary profit increased 0.4% to ¥109.2bn, while the Japanese economy showed resilience amid high energy/material prices, a weak yen, and geopolitical risks.

• Upward revision of full-year forecasts: net sales now expected at ¥1,980.0bn, operating income at ¥135.0bn, and net income at ¥95.0bn.

Financial highlights

• Gross profit in the revised forecast increased to ¥340.0bn, up ¥12.0bn from the initial plan.

• SG&A expenses rose 8.0% year-over-year to ¥140.8bn, mainly due to higher personnel and system costs.

• Total assets at end-Dec 2025 reached ¥1,298.3bn, up ¥76.3bn from March 2025, with an equity ratio of 38.1%.

• Cash and cash equivalents at end-3Q FY26 were ¥186.6bn, down from ¥223.6bn at the start of the period.

• Basic EPS for 3Q FY26 was ¥229.53, calculated post 5-for-1 stock split.

Outlook and guidance

• Full-year net sales forecast revised upward by ¥10.0bn to ¥1,980.0bn; net income forecast increased by ¥5.0bn to ¥95.0bn.

• Annual dividend forecast raised by ¥6.00 to ¥74.60 per share, reflecting the stock split.

• Basic EPS for the full year forecasted at ¥286.00.