KAJIMA , Ordinary Profit Forecast for the Fiscal Year Revised Upward by 13%, Exceeded Record Profit Forecast

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Thu Feb 12, 2026 12:00 pm JST Earnings

1812 KAJIMA CORPORATION 【J-GAAP】

Earnings Report

KAJIMA 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%.

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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	1,994,626	102,115	112,866	76,608	158.9	75.2	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	2,026,390	94,608	101,231	74,509	157.7	63.0	Feb 12, 2025	J-GAAP
Apr - Dec, 2025	2,146,050	171,806	167,149	122,214	261.6	74.0	Feb 12, 2026	J-GAAP
YoY	+5.9%	+81.6%	+65.1%	+64.0%	+65.9%

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	1,627,078	93,328	94,623	77,672	166.7	76	Nov 11, 2025	J-GAAP
Oct - Mar, 2025 New	1,657,078	119,328	120,623	92,672	198.9	76	Feb 12, 2026	J-GAAP
Revision Rate	+1.8%	+27.9%	+27.5%	+19.3%	+19.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	3,000,000	202,000	200,000	155,000	332.7	132	Nov 11, 2025	J-GAAP
Mar, 2026 New	3,030,000	228,000	226,000	170,000	364.9	132	Feb 12, 2026	J-GAAP
Revision Rate	+1.0%	+12.9%	+13.0%	+9.7%	+9.7%

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	1,590,158	103,792	111,705	90,670	192.1	59	May 14, 2025	J-GAAP
Oct - Mar, 2025 Guidance	1,657,078	119,328	120,623	92,672	198.9	76	Feb 12, 2026	J-GAAP
YoY	+4.2%	+15.0%	+8.0%	+2.2%	+3.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	2,665,175	136,226	150,112	115,033	238.8	90	May 14, 2024	J-GAAP
Mar, 2025	2,911,816	151,882	160,663	125,817	266.5	104	May 14, 2025	J-GAAP
Mar, 2026 Guidance	3,030,000	228,000	226,000	170,000	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
Oct - Dec, 2024	704,732	46,518	52,273	39,362	83.3	6.6	Feb 12, 2025	J-GAAP
Jan - Mar, 2025	885,426	57,274	59,432	51,308	108.7	6.5	May 14, 2025	J-GAAP
Apr - Jun, 2025	649,617	37,574	38,840	26,519	56.5	5.8	Aug 6, 2025	J-GAAP
Jul - Sep, 2025	723,305	71,098	66,537	50,809	108.6	9.8	Nov 11, 2025	J-GAAP
Oct - Dec, 2025	773,128	63,134	61,772	44,886	96.1	8.2	Feb 12, 2026	J-GAAP
YoY	+9.7%	+35.7%	+18.2%	+14.0%	+15.3%