Sumitomo Mitsui Construction swings to Q2 profit despite revenue dip

Sumitomo Mitsui Construction reported a strong performance for the second quarter (interim) of the fiscal year ending March 2026, with a significant turnaround in profitability. Revenue totaled JPY 189,250 million, down 13.3% from the previous year's JPY 218,251 million. Despite the revenue decrease, operating profit reached JPY 4,749 million, a substantial improvement from an operating loss of JPY 6,809 million in the prior year. Ordinary profit also swung to JPY 3,417 million from a loss of JPY 9,270 million, and net income attributable to owners of parent was JPY 2,696 million, reversing a loss of JPY 14,581 million.

The company's balance sheet showed total assets of JPY 375,342 million, a decrease of JPY 18,132 million from JPY 393,474 million at the end of the previous fiscal year. Equity ratio improved to 18.7% from 17.8%. The company announced that it will become a wholly-owned subsidiary of Infroneer Holdings Inc., leading to the delisting of its shares, and as such, no earnings forecast is provided for the fiscal year ending March 2026.

The company also noted that its shares are expected to be delisted on December 19, 2025, following a share consolidation and a change in its articles of incorporation.