Shinnihon (1879) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2025, rose 2.5% year-over-year to ¥56,010 million, with operating income up 14.4% to ¥7,199 million and net income attributable to owners of parent up 19.1% to ¥5,186 million.

• Comprehensive income increased 23.3% year-over-year to ¥5,299 million for the period.

Financial highlights

• Gross profit increased to ¥9,457 million from ¥8,575 million year-over-year, with gross margin improvement driven by higher construction contract profits.

• Basic earnings per share rose to ¥88.68 from ¥74.44 year-over-year.

• Equity-to-asset ratio improved to 73.1% as of September 30, 2025, from 70.7% at March 31, 2025.

Outlook and guidance

• Full-year forecast for fiscal year ending March 31, 2026: net sales of ¥135,000 million (+2.5% year-over-year), operating income of ¥18,600 million (+1.6%), and net income attributable to owners of parent of ¥13,100 million (+2.2%).

• Annual dividend forecast raised to ¥58.00 per share, up from ¥56.00 in the previous year.