Totetsu Kogyo (1835) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025 rose 3.0% year-over-year to ¥106,449 million, driven by increased railway construction for the private sector despite a decline in general construction works.

• Operating profit increased 25.1% year-over-year to ¥11,565 million, and profit attributable to owners of parent rose 19.7% to ¥8,265 million.

• Orders received declined 6.8% year-over-year to ¥97,530 million, reflecting a decrease in architectural business orders.

Financial highlights

• Gross profit for the period was ¥18,535 million, up ¥2,982 million year-over-year.

• Ordinary profit reached ¥12,185 million, up 25.5% year-over-year.

• Basic earnings per share increased to ¥240.00 from ¥200.59 in the prior year period.

• Comprehensive income surged 77.7% year-over-year to ¥12,234 million.

Outlook and guidance

• Full-year forecast remains unchanged: net sales of ¥165,000 million (+3.1% year-over-year), operating profit of ¥16,000 million (+3.1%), and profit attributable to owners of parent of ¥12,000 million (+3.8%).

• Annual dividend forecast raised to ¥140.00 per share, up from ¥135.00 in the previous year.