Hibiya Engineering reports strong first-half growth, raises dividend and order book

Hibiya Engineering (TSE:1982) announced a strong first half for the fiscal year ending March 31, 2026, with consolidated net sales increasing by JPY 2.8 billion (7.7%) year-over-year to JPY 40.5 billion. Operating profit rose by JPY 0.3 billion (11.7%) to JPY 3.6 billion, while ordinary profit climbed by JPY 0.4 billion (11.8%) to JPY 3.9 billion. Profit attributable to owners of parent increased by JPY 0.2 billion (10.1%) to JPY 2.8 billion, leading to basic earnings per share of JPY 130.15. The company confirmed no changes to its full-year consolidated forecast, anticipating net sales of JPY 93.5 billion and profit attributable to owners of parent of JPY 6.0 billion.

Orders received saw a significant increase, up JPY 15.7 billion (51.5%) year-over-year to JPY 46.3 billion, primarily driven by large projects in the private and public sectors, as well as air conditioning and plumbing/sanitation projects. The company's focus on data centers/information, ZEB renovations, and human capital development, as outlined in its 8th Medium-term Management Plan, contributed to this growth. Projects carried over remain at a high level, reaching JPY 91.3 billion at September 30, 2025.

In line with its profit growth, Hibiya Engineering plans to raise its interim dividend to JPY 50 per share (up JPY 6 from the previous year) and forecasts a full-year dividend of JPY 100 per share. The company also continues its share buyback program, with 409,700 shares acquired for JPY 1.49 billion by September 30, 2025, demonstrating a commitment to capital efficiency and shareholder returns.