Takamatsu Construction Group (1762) Q1 2026 earnings summary

Executive summary

• Orders received, net sales, and operating profit all reached record highs for the first quarter, with orders up 35.4% YoY to ¥113,963 million and net sales up 1.2% YoY to ¥79,081 million.

• Operating profit surged 103.5% YoY to ¥1,997 million, and profit attributable to owners of parent jumped 382.3% to ¥804 million.

• Major group reorganization included the transfer of real estate business to Takamatsu Development Co., Ltd., focusing on expanding real estate development and management.

Financial highlights

• Gross profit grew 20.5% YoY to ¥11,032 million, with gross profit margin up 2.3pt to 14.0%.

• Operating profit more than doubled YoY to ¥1,997 million, with margin up 1.2pt to 2.5%.

• Ordinary profit increased 87.2% YoY to ¥1,866 million, and EPS reached ¥23.10, up from ¥4.79.

• Net assets stood at ¥136,692 million, with an equity ratio of 53.0%.

Outlook and guidance

• FY ending March 2026 forecasts: orders received ¥390 billion, net sales ¥390 billion, operating profit ¥16 billion, profit attributable to owners of parent ¥11.6 billion.

• Full-year net sales forecast at ¥370,000 million, operating profit projected at ¥15,000 million, and profit attributable to owners of parent at ¥7,800 million.

• Dividend forecast set at ¥90 per share, with a payout ratio of 40.2%, and a policy of progressive dividends through FY2028.