Daiho's mixed Q2 sees revenue beat, profit miss on delayed dividend

Daiho Corporation reported its Q2 FY2026 consolidated actual revenue at JPY 65,192 million, exceeding its forecast of JPY 63,000 million. Operating profit also surpassed expectations, reaching JPY 895 million against a forecast of JPY 400 million, largely due to improved profit in domestic civil engineering and construction businesses. However, ordinary profit declined to JPY 1,060 million (forecast: JPY 1,700 million) and net income attributable to parent company was JPY 43 million (forecast: JPY 900 million).

The decrease in ordinary profit and net income was primarily attributed to the delayed receipt of JPY 1,400 million in dividend income from investment businesses, now expected in the third quarter. Despite the interim adjustments, Daiho Corporation confirmed no changes to its full-year consolidated earnings forecast for FY2026, which remains at JPY 140,000 million in revenue and JPY 5,200 million in operating profit.

The company also noted a 5-for-1 stock split effective April 1, 2025. Total assets stood at JPY 147,239 million and total liabilities at JPY 75,934 million at the end of Q2 FY2026.