KAJIMA , Ordinary Profit Forecast for the Fiscal Year Revised Upward by 13%, Exceeded Record Profit Forecast
1812 KAJIMA CORPORATION 【J-GAAP】
Earnings ReportKAJIMA CORPORATION <1812> [TSE Prime] announced its financial results at noon (12:00) on February 12th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 167 billion yen, an increase 65.1% compared to the same period last year.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 13.0%, from the previous forecast of 200 billion yen to 226 billion yen (compared to 160 billion yen in the previous period), increasing the growth rate from 24.5% to 40.7%. The company has further increased its previous forecast of record profits for the first time in eight 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) is expected to increase 27.5%, from the previous forecast of 94.6 billion yen to 120 billion yen (compared to 111 billion yen in the same period of the previous year), turning to an 8.0% increase in the consolidated ordinary profit outlook.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 18.2% from the same period last year, reaching 61.7 billion yen. The operating profit margin improved from 6.6% in the same period last year to 8.2%.
Kabutan News
Actual Performance and Financial Trends
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Progress Rate vs. First Half |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
1,994,626M | 102,115M | 112,866M | 76,608M | 158.9 | 75.2 | Feb 13, 2024 | J-GAAP |
|
|
2,026,390M | 94,608M | 101,231M | 74,509M | 157.7 | 63.0 | Feb 12, 2025 | J-GAAP |
|
|
2,146,050M | 171,806M | 167,149M | 122,214M | 261.6 | 74.0 | Feb 12, 2026 | J-GAAP |
| YoY | +5.9% | +81.6% | +65.1% | +64.0% | +65.9% |
Guidance Update
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2025 Prev | 1,627,078M | 93,328M | 94,623M | 77,672M | 166.7 | 76 | Nov 11, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 1,657,078M | 119,328M | 120,623M | 92,672M | 198.9 | 76 | Feb 12, 2026 | J-GAAP |
| Revision Rate | +1.8% | +27.9% | +27.5% | +19.3% | +19.3% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 3,000,000M | 202,000M | 200,000M | 155,000M | 332.7 | 132 | Nov 11, 2025 | J-GAAP |
| Mar, 2026 New | 3,030,000M | 228,000M | 226,000M | 170,000M | 364.9 | 132 | Feb 12, 2026 | J-GAAP |
| Revision Rate | +1.0% | +12.9% | +13.0% | +9.7% | +9.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
1,590,158M | 103,792M | 111,705M | 90,670M | 192.1 | 59 | May 14, 2025 | J-GAAP |
|
Guidance
Oct - Mar, 2025
|
1,657,078M | 119,328M | 120,623M | 92,672M | 198.9 | 76 | Feb 12, 2026 | J-GAAP |
| YoY | +4.2% | +15.0% | +8.0% | +2.2% | +3.6% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
2,665,175M | 136,226M | 150,112M | 115,033M | 238.8 | 90 | May 14, 2024 | J-GAAP |
|
|
2,911,816M | 151,882M | 160,663M | 125,817M | 266.5 | 104 | May 14, 2025 | J-GAAP |
|
Guidance
Mar, 2026
|
3,030,000M | 228,000M | 226,000M | 170,000M | 364.9 | 132 | Feb 12, 2026 | J-GAAP |
| YoY | +4.1% | +50.1% | +40.7% | +35.1% | +36.9% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Operating Profit Margin |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
704,732M | 46,518M | 52,273M | 39,362M | 83.3 | 6.6 | Feb 12, 2025 | J-GAAP |
|
|
885,426M | 57,274M | 59,432M | 51,308M | 108.7 | 6.5 | May 14, 2025 | J-GAAP |
|
|
649,617M | 37,574M | 38,840M | 26,519M | 56.5 | 5.8 | Aug 6, 2025 | J-GAAP |
|
|
723,305M | 71,098M | 66,537M | 50,809M | 108.6 | 9.8 | Nov 11, 2025 | J-GAAP |
|
|
773,128M | 63,134M | 61,772M | 44,886M | 96.1 | 8.2 | Feb 12, 2026 | J-GAAP |
| YoY | +9.7% | +35.7% | +18.2% | +14.0% | +15.3% |
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