Yahagi Construction Co.,Ltd. Revises Earnings & Dividend — Operating Profit Surges 109%

Yahagi Construction Co.,Ltd. (TSE:1870) raised its earnings and dividend forecasts for the fiscal year ending March 2027, citing accelerated construction progress and improved project profitability.

ItemBeforeAfterChange
RevenueJPY 65.8bnJPY 68.6bn+4.3%
Operating ProfitJPY 1.10bnJPY 2.30bn+109.1%
Ordinary IncomeJPY 1.03bnJPY 2.33bn+126.2%
親会社株主に帰属する中間純利益JPY 2.30bnJPY 4.00bn+73.9%
１株当たり中間純利益JPY 53.26/shareJPY 92.63/share+JPY 39.37/share

For the interim period (April–September 2026), the company expects revenue of JPY 68.6bn, up 4.3% from prior guidance, with operating profit nearly doubling to JPY 2.30bn. The builder attributed the revision to faster-than-expected progress on major construction projects, improved contract profitability, and gains from selling policy-held equities and real estate assets. Full-year revenue guidance remains unchanged at JPY 150bn, but operating profit is raised JPY 500M to JPY 9.5bn, reflecting better-than-anticipated project economics and real estate transaction gains.

The company increased its annual dividend by JPY 10/share to JPY 110/share, comprising interim and year-end payouts of JPY 55/share each. Management cited higher operating profit, expanded special gains, and improved net profit attributable to parent shareholders in justifying the increase, which aligns with its stated dividend policy targeting a 5% or higher dividend-on-equity ratio with progressive dividend growth. The upward revisions signal strengthening operational execution and asset monetization, though full-year revenue stability suggests the interim gains reflect timing rather than demand acceleration.

Source: Original filing (TDnet) | 日本語版

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