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Nishimatsu Construction , Ordinary Profit Forecast for the Fiscal Year Revised Upward by 4%

Thu Feb 12, 2026 9:00 am JST Earnings

1820 Nishimatsu Construction Co., Ltd. 【J-GAAP】

Earnings Report

Nishimatsu Construction Co., Ltd. <1820> [TSE Prime] announced its financial results in the morning on February 12th (09:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 18.9% from the same period last year, reaching 16.6 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 4.2%, from the previous forecast of 24.0 billion yen to 25.0 billion yen (compared to 20.2 billion yen in the previous period), increasing the growth rate from 18.7% to 23.6%.

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) is expected to increase 6.6%, from the previous forecast of 15.2 billion yen to 16.2 billion yen (compared to 11.8 billion yen in the same period of the previous year), increasing the growth rate from 28.0% to 36.4%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 39.0% from the same period last year, reaching 7.83 billion yen. The operating profit margin improved from 5.7% in the same period last year to 7.6%.

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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 294,843 14,877 15,638 10,293 260.8 79.9 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 264,730 14,279 13,965 10,960 277.7 69.0 Feb 12, 2025 J-GAAP
Apr - Dec, 2025 276,527 16,846 16,606 13,125 332.5 66.4 Feb 12, 2026 J-GAAP
YoY +4.5% +18.0% +18.9% +19.8% +19.7%

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 222,682 15,678 15,233 11,142 282.2 120 Nov 7, 2025 J-GAAP
Oct - Mar, 2025 New 222,682 16,678 16,233 12,342 312.6 120 Feb 12, 2026 J-GAAP
Revision Rate 0.0% +6.4% +6.6% +10.8% +10.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 400,000 25,000 24,000 17,600 445.7 220 Nov 7, 2025 J-GAAP
Mar, 2026 New 400,000 26,000 25,000 18,800 476.1 220 Feb 12, 2026 J-GAAP
Revision Rate 0.0% +4.0% +4.2% +6.8% +6.8%

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 192,938 11,961 11,899 11,535 292.2 120 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 222,682 16,678 16,233 12,342 312.6 120 Feb 12, 2026 J-GAAP
YoY +15.4% +39.4% +36.4% +7.0% +7.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 401,633 18,827 19,578 12,388 313.9 220 May 13, 2024 J-GAAP
Mar, 2025 366,811 21,098 20,225 17,543 444.5 220 May 12, 2025 J-GAAP
Mar, 2026 Guidance 400,000 26,000 25,000 18,800 476.1 220 Feb 12, 2026 J-GAAP
YoY +9.0% +23.2% +23.6% +7.2% +7.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 90,857 5,142 5,639 4,952 125.5 5.7 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 102,081 6,819 6,260 6,583 166.8 6.7 May 12, 2025 J-GAAP
Apr - Jun, 2025 82,907 3,029 2,540 1,649 41.8 3.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 94,411 6,293 6,227 4,809 121.8 6.7 Nov 7, 2025 J-GAAP
Oct - Dec, 2025 99,209 7,524 7,839 6,667 168.9 7.6 Feb 12, 2026 J-GAAP
YoY +9.2% +46.3% +39.0% +34.6% +34.6%

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