TOKYO, May 21 (Pulse News Wire) – Cross E Holdings Co., Ltd. (231A.T) reported its interim results for the nine months ended September 2026.
Revenue stood at ¥393 million, down from the prior year's ¥699 million. Operating profit was ¥48 million compared to ¥264 million in the same period last year, reflecting reduced revenue due to delayed progress on new orders in the industrial machinery installation sector and postponed large-scale construction projects. The company also noted a decrease in operating income due to higher personnel costs associated with increased hiring of technical staff.
Despite these challenges, Cross E Holdings completed its acquisition of Koushin Electric Construction Co., Ltd., adding solar power generation facilities to its portfolio. As of the interim period end, Koushin Electric Construction contributed sales of ¥2,000,000 and an lower operating profit of ¥40.054 billion. Looking ahead, the company’s forecast for the full fiscal year remains unchanged from the February 03, 2026 guidance, though progress towards annual targets is slower than anticipated due to delays in major project timelines.
However, management expects steady growth in operating profit through efficient cost control measures and improved project scheduling.
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