KITANO CONSTRUCTION CORP. [1866.T]
TOKYO, May 12 (Pulse News Wire) – Kitano Construction Corp. (1866.T) revised its fiscal year 2026 forecast upward due to improved performance and unexpected tax benefits.
The company reported higher-than-expected operating profit and ordinary profit compared to previous estimates made on May 13, 2025. For the fiscal year ending March 31, 2026, the company's consolidated revenue was estimated at ¥1,079.9 billion, up from the previously projected ¥1,121.9 billion. Operating profit reached ¥4.04 billion, surpassing the earlier estimate of ¥3 billion. Ordinary profit stood at ¥5.006 billion, marking a significant increase from the prior projection of ¥4 billion. Net income attributable to parent shareholders rose to ¥3.49 billion, reflecting a substantial improvement from the initial forecast of ¥2.49 billion.
The revision also affected individual figures. Revenue was reported at ¥75.552 billion, exceeding the previous estimate of ¥71.352 billion. Operating profit came in at ¥3.31 billion, well above the anticipated ¥2.5 billion. Net income per share increased to ¥41.30, compared to the earlier prediction of ¥34.40. Kitano attributed the positive revisions primarily to the progress of major construction projects and unforeseen reductions in corporate taxes due to recent wage hike promotion tax regulations.
The company underwent a stock split on October 1, 2025, distributing four shares for every existing share, which impacted the calculations of earnings per share.
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