Taihei Dengyo Kaisha (1968) Q4 2026 earnings summary

Executive summary

• Orders received rose 28.1% year-over-year to ¥196,992 million, with net sales up 12.7% to ¥141,657 million, including a 15.9% increase in overseas works.

• Operating profit increased 13.8% year-over-year to ¥14,839 million, ordinary profit rose 17.7% to ¥16,246 million, and profit attributable to owners of parent grew 22.0% to ¥11,902 million.

• Maintenance segment continues to drive stable revenue and profitability, outpacing construction segment growth.

• Strategic focus on expanding maintenance operations, restarting nuclear projects, green business initiatives, and strengthening corporate base.

• Dividend per share was ¥70 (¥210 before stock split), up ¥11.67 from the previous year, reflecting a policy of stable profit return.

Financial highlights

• Net sales: ¥141,657 million (+12.7% YoY); Operating profit: ¥14,839 million (+13.8% YoY); Ordinary profit: ¥16,246 million (+17.7% YoY); Net income: ¥11,902 million (+22.0% YoY).

• Comprehensive income reached ¥15,724 million (+46.6% YoY).

• Basic earnings per share: ¥188.77 (after 3-for-1 stock split).

• Net assets: ¥127,939 million; Total assets: ¥175,365 million; Equity-to-asset ratio: 72.1%.

• Cash and cash equivalents at year-end: ¥35,169 million, down ¥6,935 million from prior year.

Outlook and guidance

• FY2026/2027 net sales forecast: ¥160,000 million (+12.9% YoY); operating profit: ¥17,400 million (+17.3% YoY); ordinary profit: ¥18,400 million (+13.3% YoY); net income: ¥12,000 million (+0.8% YoY); EPS ¥190.16.

• New mid-term plan targets consolidated net sales of ¥180 billion and ROE of 9.5% or more by FY2028.

• Growth driven by nuclear reactor restarts, environmental plant construction, thermal plant demolition, and expansion in decarbonization and semiconductor sectors.