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Kajima
Kajima (1812) investor relations material
Kajima Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary12 Feb, 2026
Executive summary
Consolidated revenues, operating income, and net income for FY2025 Q1–Q3 reached record highs, with revenues at JPY 2,146.1 billion (+5.9% YoY), operating income at JPY 171.8 billion (+81.6% YoY), and net income at JPY 122.2 billion (+64.0% YoY), driven by improved gross profit margins in domestic construction and strong demand.
Comprehensive income surged 195.4% year-over-year to JPY 145.9 billion, reflecting strong operational and investment performance.
Profitability on new contracts remained stable in civil engineering and improved in building construction.
Overseas subsidiaries saw increased contract awards but lower income due to rescheduled property sales and operational headwinds.
Financial highlights
FY2025 Q1–Q3 consolidated revenues: JPY 2,146.1 billion (+119.6B YoY), operating income: JPY 171.8B (+77.1B YoY), net income: JPY 122.2B (+47.7B YoY); gross profit margin improved to 13.7% (from 10.4% YoY).
Operating income margin increased to 8.0% from 4.7% YoY.
FY2025 full-year forecast: revenues JPY 3,030.0 billion (+4.1% YoY), operating income JPY 228.0 billion (+50.1%), net income JPY 170.0 billion (+35.1%)—all record highs.
Construction contract awards expected to reach JPY 3,100.0 billion (+18.1% YoY).
Interest-bearing debt rose 19.4% from March 2025 to JPY 945.9 billion as of December 2025.
Outlook and guidance
Upward revision of consolidated earnings forecast due to further improvement in non-consolidated construction profit margin.
Dividend per share forecast for FY2025 is JPY 132.00, up from JPY 104.00 in FY2024.
Favorable business environment expected to continue, but FY2026 may see diminished extraordinary factors.
Overseas property sales rescheduled to next fiscal year, anticipating improved market conditions.
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Next Kajima earnings date
Q4 202613 May, 2026
Kajima
Next Kajima earnings date
Q4 202613 May, 2026
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Frequently asked questions
Kajima Corporation is a Japanese construction and engineering company providing services across the building, civil engineering, real estate development, and architectural design sectors. The company undertakes large-scale projects that include infrastructure development, such as roads, bridges, and tunnels, as well as commercial, industrial, and residential buildings. In addition to construction, Kajima is involved in environmental initiatives, including disaster prevention, renewable energy projects, and ecological restoration. Kajima Corporation is headquartered in Tokyo, Japan, and its shares are listed on the TSE.
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