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YAHAGI CONSTRUCTION, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 15%, Exceeded Record Profit Forecast

Mon Feb 9, 2026 2:00 pm JST Earnings

1870 YAHAGI CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

YAHAGI CONSTRUCTION CO.,LTD. <1870> [TSE Prime] announced its financial results in the afternoon session on February 9th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) surged 3.5 times that of the same period last year, reaching 11.9 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 15.2%, from the previous forecast of 9.90 billion yen to 11.4 billion yen (compared to 8.61 billion yen in the previous period), increasing the growth rate from 14.9% to 32.3%. The company has further increased its previous forecast of record profits for the first time in two years.

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 78.2%, from the previous forecast of 1.91 billion yen to 3.41 billion yen (compared to 7.29 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 73.7% to 53.1%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 94.0% from the same period last year, reaching 3.97 billion yen. The operating profit margin significantly improved from 5.3% in the same period last year to 9.2%.

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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 90,821 9,041 9,155 6,258 145.5 95.5 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 97,109 3,318 3,374 2,318 53.9 39.2 Feb 6, 2025 J-GAAP
Apr - Dec, 2025 133,103 11,964 11,957 7,318 170.1 104.9 Feb 9, 2026 J-GAAP
YoY +37.1% +260.6% +254.4% +215.7% +215.5%

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 78,335 2,011 1,918 863 20.1 45 Nov 6, 2025 J-GAAP
Oct - Mar, 2025 New 78,335 3,511 3,418 1,263 29.4 45 Feb 9, 2026 J-GAAP
Revision Rate 0.0% +74.6% +78.2% +46.3% +46.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 168,000 10,000 9,900 6,600 153.4 90 May 7, 2025 J-GAAP
Mar, 2026 New 168,000 11,500 11,400 7,000 162.7 90 Feb 9, 2026 J-GAAP
Revision Rate 0.0% +15.0% +15.2% +6.1% +6.1%

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 81,939 7,368 7,291 4,676 108.7 40 May 7, 2025 J-GAAP
Oct - Mar, 2025 Guidance 78,335 3,511 3,418 1,263 29.4 45 Feb 9, 2026 J-GAAP
YoY -4.4% -52.3% -53.1% -73.0% -73.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 119,824 9,514 9,588 6,462 150.2 60 May 9, 2024 J-GAAP
Mar, 2025 140,699 8,654 8,616 5,643 131.2 80 May 7, 2025 J-GAAP
Mar, 2026 Guidance 168,000 11,500 11,400 7,000 162.7 90 Feb 9, 2026 J-GAAP
YoY +19.4% +32.9% +32.3% +24.0% +24.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 38,349 2,032 2,049 1,351 31.4 5.3 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 43,590 5,336 5,242 3,325 77.3 12.2 May 7, 2025 J-GAAP
Apr - Jun, 2025 41,153 3,647 3,676 2,560 59.5 8.9 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 48,512 4,342 4,306 3,177 73.8 9.0 Nov 6, 2025 J-GAAP
Oct - Dec, 2025 43,438 3,975 3,975 1,581 36.7 9.2 Feb 9, 2026 J-GAAP
YoY +13.3% +95.6% +94.0% +17.0% +17.0%

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