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SHIMIZU, Ordinary Profit Forecast for Last Fiscal Year Revised Upward by 10%, Dividend Revised Upward by 7 Yen

Fri Apr 24, 2026 1:00 pm JST Revision

1803 SHIMIZU CORPORATION 【J-GAAP】

Guidance Update Report

SHIMIZU CORPORATION <1803> [TSE Prime] announced a revision to its performance and dividend in the afternoon session on April 24th (13:00). The consolidated ordinary profit forecast for the fiscal year ending March 2026 has been revised upward 10.2%, from the previous forecast of 111 billion yen to 122 billion yen (compared to 71.6 billion yen in the previous period), increasing the growth rate from 54.9% to 70.7%.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated ordinary profit is expected to increase 15.9%, from the previous forecast of 70.8 billion yen to 82.1 billion yen (compared to 52.9 billion yen in the same period of the previous year), increasing the growth rate from 33.8% to 55.1%.

In light of the strong performance, the company has increased its planned annual dividend for the last fiscal year from the original plan of 65 yen to 72 yen (compared to 38 yen in the previous period).

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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 1,112,992 71,080 70,888 63,845 94.0 43 Feb 5, 2026 J-GAAP
Oct - Mar, 2025 New 1,160,792 79,680 82,188 80,445 118.6 50 Apr 24, 2026 J-GAAP
Revision Rate +4.3% +12.1% +15.9% +26.0% +26.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 2,010,000 110,000 111,000 110,000 162.0 65 Feb 5, 2026 J-GAAP
Mar, 2026 New 2,057,800 118,600 122,300 126,600 186.7 72 Apr 24, 2026 J-GAAP
Revision Rate +2.4% +7.8% +10.2% +15.1% +15.3%

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 1,106,973 53,330 52,979 55,339 79.5 20.50 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,160,792 79,680 82,188 80,445 118.6 50 Apr 24, 2026 J-GAAP
YoY +4.9% +49.4% +55.1% +45.4% +49.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,005,518 -24,685 -19,834 17,163 23.6 20 May 13, 2024 J-GAAP
Mar, 2025 1,944,360 71,030 71,664 66,015 94.8 38 May 14, 2025 J-GAAP
Mar, 2026 Guidance 2,057,800 118,600 122,300 126,600 186.7 72 Apr 24, 2026 J-GAAP
YoY +5.8% +67.0% +70.7% +91.8% +96.9%

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