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Nishimatsu Construction , First Half Ordinary Profit Increases by 5%

Fri Nov 7, 2025 9:00 am JST Earnings

1820 Nishimatsu Construction Co., Ltd. 【J-GAAP】

Earnings Report

Nishimatsu Construction Co., Ltd. <1820> [TSE Prime] announced its financial results in the morning on November 7th (09:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 5.3% from the same period last year, reaching 8.76 billion yen. However, Progress toward the full-year plan of 24.0 billion yen was 36.5%, also falling below the five-year average of 51.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 28.0% from the same period last year, reaching 15.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 80.5% from the same period last year, reaching 6.22 billion yen. The operating profit margin improved from 5.0% in the same period last year to 6.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 190,964 9,911 10,656 7,151 181.2 54.4 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 173,873 9,137 8,326 6,008 152.2 41.2 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 177,318 9,322 8,767 6,458 163.6 36.5 Nov 7, 2025 J-GAAP
YoY +2.0% +2.0% +5.3% +7.5% +7.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 100 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 177,318 9,322 8,767 6,458 163.6 100 Nov 7, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 420,000 25,000 24,000 17,600 445.7 220 May 12, 2025 J-GAAP
Mar, 2026 New 400,000 25,000 24,000 17,600 445.7 220 Nov 7, 2025 J-GAAP
Revision Rate -4.8% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 192,938 11,961 11,899 11,535 292.2 120 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 222,682 15,678 15,233 11,142 282.2 120 Nov 7, 2025 J-GAAP
YoY +15.4% +31.1% +28.0% -3.4% -3.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 401,633 18,827 19,578 12,388 313.9 220 May 13, 2024 J-GAAP
Mar, 2025 366,811 21,098 20,225 17,543 444.5 220 May 12, 2025 J-GAAP
Mar, 2026 Guidance 400,000 25,000 24,000 17,600 445.7 220 Nov 7, 2025 J-GAAP
YoY +9.0% +18.5% +18.7% +0.3% +0.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 89,732 4,460 3,449 2,776 70.3 5.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 90,857 5,142 5,639 4,952 125.5 5.7 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 102,081 6,819 6,260 6,583 166.8 6.7 May 12, 2025 J-GAAP
Apr - Jun, 2025 82,907 3,029 2,540 1,649 41.8 3.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 94,411 6,293 6,227 4,809 121.8 6.7 Nov 7, 2025 J-GAAP
YoY +5.2% +41.1% +80.5% +73.2% +73.2%

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