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MATSUI CONSTRUCTION, First Half Ordinary Profit Increases by 4.4 times, Jul-Sep Ordinary Profit Increases by 4.4 times

Thu Nov 13, 2025 1:30 pm JST Earnings

1810 MATSUI CONSTRUCTION CO., LTD. 【J-GAAP】

Earnings Report

MATSUI CONSTRUCTION CO., LTD. <1810> [TSE Std] announced its financial results in the afternoon session on November 13th (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 4.4 times that of the same period last year, reaching 2.87 billion yen. Progress toward the full-year plan of 4.30 billion yen was 66.9%, also surpassing the five-year average of 56.9%.

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 significant drop 55.3% from the same period last year to 1.42 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 4.4 times that of the same period last year, reaching 1.52 billion yen. The operating profit margin significantly improved from 1.2% in the same period last year to 6.0%.

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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 45,810 630 910 696 23.8 118.6 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 45,810 403 655 536 18.5 17.0 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 46,293 2,576 2,876 1,964 68.4 66.9 Nov 13, 2025 J-GAAP
YoY +1.1% +539.2% +339.1% +266.4% +269.0%

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 － 26 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 46,293 2,576 2,876 1,964 68.4 26 Nov 13, 2025 J-GAAP
Revision Rate － － － － －

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 53,443 2,979 3,188 2,190 75.8 33 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 50,707 1,424 1,424 1,036 36.3 27 Nov 13, 2025 J-GAAP
YoY -5.1% -52.2% -55.3% -52.7% -52.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 96,969 264 767 1,161 39.9 26 May 14, 2024 J-GAAP
Mar, 2025 99,253 3,382 3,843 2,726 94.3 48 May 13, 2025 J-GAAP
Mar, 2026 Guidance 97,000 4,000 4,300 3,000 105.2 53 May 13, 2025 J-GAAP
YoY -2.3% +18.3% +11.9% +10.1% +11.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 24,049 279 345 288 10.0 1.2 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 27,885 1,373 1,527 1,058 36.6 4.9 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 25,558 1,606 1,661 1,132 39.2 6.3 May 13, 2025 J-GAAP
Apr - Jun, 2025 22,563 1,145 1,354 939 32.7 5.1 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 23,730 1,431 1,522 1,025 35.7 6.0 Nov 13, 2025 J-GAAP
YoY -1.3% +412.9% +341.2% +255.9% +258.3%

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