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SANYU CONSTRUCTION, First Half Ordinary Profit Increases by 13%, Exceeds Full-Year Plan, Second Half Dividend Postponed

Wed Nov 12, 2025 5:00 pm JST Earnings

1841 SANYU CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

SANYU CONSTRUCTION CO.,LTD. <1841> [TSE Std] announced its financial results after the market closed on November 12th (17:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 12.7% from the same period last year, reaching 398 million yen. Progress toward the full-year plan of 380 million yen is 104.7%, already exceeding the target and also exceeding the five-year average of 21.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 18 million yen (compared to a profit of 365 million yen in the same period last year).

At the same time, In conjunction with a Tender Offer Bid (TOB), the company has decided to forgo the the second half of 15 yen for the current fiscal year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 32.9% from the same period last year, reaching 226 million yen. The operating profit margin improved from 7.2% in the same period last year to 7.8%.

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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 4,489 1 27 -14 -4.1 4.8 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 5,320 337 353 247 76.3 49.2 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 5,232 381 398 266 81.8 104.7 Nov 12, 2025 J-GAAP
YoY -1.7% +13.1% +12.7% +7.7% +7.2%

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 － 10 May 19, 2025 J-GAAP
Apr - Sep, 2025 Results 5,232 381 398 266 81.8 10 Nov 12, 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 11,700 360 380 270 82.8 25 May 19, 2025 J-GAAP
Mar, 2026 New 11,700 360 380 270 82.8 10 Nov 12, 2025 J-GAAP
Revision Rate 0.0% 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 5,091 352 365 233 71.8 20 May 19, 2025 J-GAAP
Oct - Mar, 2025 Guidance 6,468 -21 -18 4 1.2 0 Nov 12, 2025 J-GAAP
YoY +27.0% － － -98.3% -98.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 11,546 524 565 371 106.6 30 May 17, 2024 J-GAAP
Mar, 2025 10,411 689 718 480 148.0 30 May 19, 2025 J-GAAP
Mar, 2026 Guidance 11,700 360 380 270 82.8 10 Nov 12, 2025 J-GAAP
YoY +12.4% -47.8% -47.1% -43.8% -44.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,278 165 170 105 32.4 7.2 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 2,528 165 174 108 33.3 6.5 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,563 187 191 125 38.5 7.3 May 19, 2025 J-GAAP
Apr - Jun, 2025 2,412 161 172 109 33.7 6.7 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 2,820 220 226 157 48.3 7.8 Nov 12, 2025 J-GAAP
YoY +23.8% +33.3% +32.9% +49.5% +48.9%

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