KAJIMA , Ordinary Profit Forecast for the Fiscal Year Revised Upward by 20%, Highest in Eight Terms, Dividend Revised Upward by 20 Yen

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Tue Nov 11, 2025 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 November 11th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 2.2 times that of the same period last year, reaching 105 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 20.5%, from the previous forecast of 166 billion yen to 200 billion yen (compared to 160 billion yen in the previous period), increasing the growth rate from 3.3% to 24.5%, reaches new record high for the first time in eight terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 15.3% from the same period last year to 94.6 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 112 yen to 132 yen (compared to 104 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.9 times that of the same period last year, reaching 66.5 billion yen. The operating profit margin drastically improved from 3.2% in the same period last year to 9.8%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2023	1,305,802	66,439	72,856	50,034	103.7	48.5	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	1,321,658	48,090	48,958	35,147	74.2	30.5	Nov 12, 2024	J-GAAP
Apr - Sep, 2025	1,372,922	108,672	105,377	77,328	165.3	52.7	Nov 11, 2025	J-GAAP
YoY	+3.9%	+126.0%	+115.2%	+120.0%	+122.7%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2025 Guidance	ー	ー	ー	ー	－	56	May 14, 2025	J-GAAP
Apr - Sep, 2025 Results	1,372,922	108,672	105,377	77,328	165.3	56	Nov 11, 2025	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	2,950,000	159,000	166,000	130,000	279.0	112	May 14, 2025	J-GAAP
Mar, 2026 New	3,000,000	202,000	200,000	155,000	332.7	132	Nov 11, 2025	J-GAAP
Revision Rate	+1.7%	+27.0%	+20.5%	+19.2%	+19.2%

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	1,627,078	93,328	94,623	77,672	166.7	76	Nov 11, 2025	J-GAAP
YoY	+2.3%	-10.1%	-15.3%	-14.3%	-13.2%

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	3,000,000	202,000	200,000	155,000	332.7	132	Nov 11, 2025	J-GAAP
YoY	+3.0%	+33.0%	+24.5%	+23.2%	+24.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2024	708,440	22,816	23,023	17,714	37.4	3.2	Nov 12, 2024	J-GAAP
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
YoY	+2.1%	+211.6%	+189.0%	+186.8%	+190.3%