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TOKYU CONSTRUCTION, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 19%

Fri Feb 6, 2026 3:30 pm JST Earnings

1720 TOKYU CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

TOKYU CONSTRUCTION CO.,LTD. <1720> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) surged 3.1 times that of the same period last year, reaching 11.2 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 19.4%, from the previous forecast of 12.4 billion yen to 14.8 billion yen (compared to 9.70 billion yen in the previous period), increasing the growth rate from 27.8% to 52.6%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has been revised upward 35.1%, from the previous forecast of 6.84 billion yen to 9.24 billion yen (compared to 10.3 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 33.8% to 10.6%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 35.4% from the same period last year, reaching 5.70 billion yen. The operating profit margin improved from 4.1% in the same period last year to 5.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 205,198 2,614 3,474 2,997 28.5 35.7 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 196,781 3,178 3,582 2,814 26.6 36.9 Feb 12, 2025 J-GAAP
Apr - Dec, 2025 239,560 10,328 11,262 7,969 75.1 76.1 Feb 6, 2026 J-GAAP
YoY +21.7% +225.0% +214.4% +183.2% +182.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 184,927 6,454 6,840 4,992 47.0 20 Nov 7, 2025 J-GAAP
Oct - Mar, 2025 New 185,927 8,554 9,240 6,192 58.3 20 Feb 6, 2026 J-GAAP
Revision Rate +0.5% +32.5% +35.1% +24.0% +24.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 335,000 11,600 12,400 9,100 85.7 39 Nov 7, 2025 J-GAAP
Mar, 2026 New 336,000 13,700 14,800 10,300 97.0 39 Feb 6, 2026 J-GAAP
Revision Rate +0.3% +18.1% +19.4% +13.2% +13.2%

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 174,513 8,844 10,331 6,690 63.3 19 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 185,927 8,554 9,240 6,192 58.3 20 Feb 6, 2026 J-GAAP
YoY +6.5% -3.3% -10.6% -7.4% -7.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 285,681 8,155 9,736 7,266 69.0 37 May 9, 2024 J-GAAP
Mar, 2025 293,139 8,839 9,701 6,631 62.7 38 May 13, 2025 J-GAAP
Mar, 2026 Guidance 336,000 13,700 14,800 10,300 97.0 39 Feb 6, 2026 J-GAAP
YoY +14.6% +55.0% +52.6% +55.3% +54.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 78,155 3,183 4,212 2,873 27.2 4.1 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 96,358 5,661 6,119 3,817 36.1 5.9 May 13, 2025 J-GAAP
Apr - Jun, 2025 71,948 2,169 2,306 1,427 13.5 3.0 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 78,125 2,977 3,254 2,681 25.3 3.8 Nov 7, 2025 J-GAAP
Oct - Dec, 2025 89,487 5,182 5,702 3,861 36.4 5.8 Feb 6, 2026 J-GAAP
YoY +14.5% +62.8% +35.4% +34.4% +33.9%

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