Iida Group Holdings (3291) Q1 2026 earnings summary

Executive summary

• Revenue for 1Q FY2026 was ¥326.0 billion, with operating profit of ¥14.1 billion, exceeding the business plan despite higher SG&A costs for Expo 2025 Osaka, Kansai Japan.

• Profit attributable to owners was ¥8.0 billion, representing 80% of the prior year’s level and a 20% YoY decline.

• The Japanese economy showed moderate recovery, but rising construction costs and interest rates impacted housing demand.

• Commemorative dividend announced due to strong performance and Expo 2025 success.

Financial highlights

• Revenue decreased slightly YoY to ¥326.1 billion (99.5% YoY).

• Gross profit rose to ¥57.8 billion (113.4% YoY), with margin improving to 17.7%.

• Operating profit was ¥14.2 billion (97.0% YoY), margin at 4.4%.

• Profit before tax dropped to ¥11.7 billion, a decrease of 18.5% YoY.

• SG&A costs increased by ¥7.3 billion YoY, mainly due to Expo-related advertising.

Outlook and guidance

• Full-year revenue forecast at ¥1,578.0 billion; operating profit forecast at ¥85.3 billion.

• Profit attributable to owners of parent for the full year is forecast at ¥51.0 billion, up 0.6% YoY.

• Dividend forecast revised upward to ¥100 per share, including a ¥10 commemorative dividend.

• No changes to previously announced earnings forecasts.