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NITTOC CONSTRUCTION, First Half Ordinary Profit Increases by 3.9 times, Jul-Sep Ordinary Profit Increases by 2.4 times

Mon Nov 10, 2025 3:00 pm JST Earnings

1929 NITTOC CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

NITTOC CONSTRUCTION CO.,LTD. <1929> [TSE Prime] announced its financial results in the afternoon session on November 10th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 3.9 times that of the same period last year, reaching 1.86 billion yen. Progress toward the full-year plan of 5.00 billion yen was 37.3%, exceeding the five-year average of 31.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 4.5% from the same period last year to 3.13 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.4 times that of the same period last year, reaching 1.29 billion yen. The operating profit margin improved from 3.5% in the same period last year to 6.3%.

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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 34,977 1,566 1,630 1,100 26.4 37.1 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 30,036 453 482 235 5.6 12.8 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 37,664 1,794 1,866 1,182 28.3 37.3 Nov 10, 2025 J-GAAP
YoY +25.4% +296.0% +287.1% +403.0% +402.1%

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 36,000 1,950 1,950 1,300 31.1 22 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 37,664 1,794 1,866 1,182 28.3 22 Nov 10, 2025 J-GAAP
Revision Rate +4.6% -8.0% -4.3% -9.1% -9.0%

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 37,180 3,226 3,282 2,173 52.1 26 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 38,336 3,206 3,134 2,168 51.9 27 Nov 10, 2025 J-GAAP
YoY +3.1% -0.6% -4.5% -0.2% -0.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 71,880 4,356 4,397 3,066 73.5 47 May 9, 2024 J-GAAP
Mar, 2025 67,216 3,679 3,764 2,408 57.7 48 May 9, 2025 J-GAAP
Mar, 2026 Guidance 76,000 5,000 5,000 3,350 80.2 49 May 9, 2025 J-GAAP
YoY +13.1% +35.9% +32.8% +39.1% +39.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 16,046 562 532 298 7.2 3.5 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 19,724 1,916 1,998 1,311 31.4 9.7 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 17,456 1,310 1,284 862 20.7 7.5 May 9, 2025 J-GAAP
Apr - Jun, 2025 17,297 503 567 362 8.7 2.9 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 20,367 1,291 1,299 820 19.7 6.3 Nov 10, 2025 J-GAAP
YoY +26.9% +129.7% +144.2% +175.2% +174.8%

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