Kajima CorporationTSE: 1812

Information Package for the Financial Results (April 1, 2025 - September 30, 2025)

· Issued by Kajima Corporation
Information Package for 2nd Quarter Financial Results

April 1, 2025 - September 30, 2025

  1. FINANCIAL HIGHLIGHTS ··············· p.1～2

  2. RESULTS (Q2) AND FORECASTS

    -1

    Contract Awards

    ···············

    p.3

    -2

    Construction Contract Awards - Segmental Analysis

    ···············

    p.4～6

    -3

    Income Statements

    ···············

    p.7～8

  3. SUBSIDIARIES AND AFFILIATES UPDATES ···············

    -1 Japan ··············· p.9～11

    -2 Overseas ··············· p.12～14

  4. SUPPLEMENTARY INFORMATION ··············· p.15～16 Reference: Tables & Graphs of the Selected Financial Data ··············· p.17～18 Reference: Quarterly Data ··············· p.19

November 11, 2025

Disclaimer:

While every attempt has been made to ensure the accuracy of information, forecasts contained in this package are based on the judgments made with information available as at November 11, 2025, and are subject to risks and uncertainties that may cause the actual results to vary.

Inquiries; Contact Corporate Communication Group, Corporate Planning Department at ir@ml.kajima.com



Total Assets

3,454.5

3,358.0

2,046.8

2,000.2

Total Equity

1,277.9

1,316.0

778.4

829.2

Owners' Equity Ratio

36.4%

38.6%

38.0%

41.5%

Interest-bearing Debt

792.0

813.6

288.9

273.9

Result JPY bil

1st Half

Consolidated (A)

Nonconsolidated (B)

(A) - (B)

FY2024

Result

FY2025

Result

FY2024

Result

FY2025

Result

FY2024

Result

FY2025

Result

Revenues

1,321.6

1,372.9

693.9

786.0

627.6

586.8

Construction

Real Estate and Other

1,185.8

1,260.9

669.0

765.9

516.8

494.9

135.7

111.9

24.9

20.1

110.7

91.8

Gross Profit

126.4

9.6%

186.9

13.6%

73.8

10.6%

116.7

14.9%

52.6

8.4%

70.1

12.0%

Construction

97.0

8.2%

164.4

13.0%

68.2

10.2%

114.2

14.9%

28.8

5.6%

50.1

10.1%

Real Estate and Other

29.3

21.7%

22.5

20.1%

5.5

22.3%

2.5

12.4%

23.8

21.5%

20.0

21.8%

SG&A

(78.3)

(78.2)

(36.8)

(39.0)

(41.5)

(39.2)

Operating Income

48.0

108.6

36.9

77.7

11.1

30.9

Nonoperating Income

0.8

(3.2)

7.9

9.3

(7.0)

(12.6)

Ordinary Income

48.9

105.3

44.9

87.0

4.0

18.3

Extraordinary Income

4.2

7.2

3.8

7.3

0.4

(0.0)

Income Taxes

(17.5)

(34.6)

(13.2)

(27.5)

(4.2)

(7.0)

Net Income

35.6

78.0

35.4

66.8

0.2

11.1

Net Icome Attributable to

Owners of the Parent

35.1

77.3

35.4

66.8

(0.2)

10.4

1st Half

Domestic Subsidiaries and Affiliates

Overseas Subsidiaries and Affiliates

FY2024

Result

FY2025

Result

FY2024

Result

FY2025

Result

164.8

178.7

517.1

476.0

88.9

102.7

458.8

435.5

75.9

75.9

58.3

40.5

19.4

11.8%

26.0

14.6%

33.4

6.5%

43.8

9.2%

9.7

10.9%

14.9

14.6%

15.7

3.4%

31.4

7.2%

9.6

12.8%

11.0

14.6%

17.6

30.3%

12.4

30.6%

(12.7)

(12.8)

(28.6)

(26.1)

6.6

13.2

4.8

17.6

2.2

2.2

(3.1)

(7.9)

8.8

15.4

1.6

9.7

(0.0)

(0.0)

0.4

(0.0)

(2.3)

(4.1)

(1.8)

(2.5)

6.4

11.1

0.2

7.1

6.4

11.0

(0.3)

6.5

Basic Net Income per Share

¥74.23

¥165.29

¥74.70

¥142.58

-

-

-

-

-

-

Construction Contract Awards

1,240.4

1,190.0

751.2

814.4

489.1

375.5

113.7

125.9

418.0

309.4

As of

Mar 31, 2025

Mar 31, 2025

Forecast JPY bil

Full-Year

Consolidated (A)

Nonconsolidated (B)

(A) - (B)

FY2024

Result

FY2025

Updated Forecast

FY2024

Result

FY2025

Updated Forecast

FY2024

Result

FY2025

Updated Forecast

Revenues

2,911.8

3,000.0

1,560.0

1,660.0

1,351.7

1,340.0

Construction

Real Estate and Other

2,511.0

2,540.0

1,457.6

1,560.0

1,053.3

980.0

400.8

460.0

102.3

100.0

298.4

360.0

Gross Profit

323.1

11.1%

378.0

12.6%

194.9

12.5%

231.0

13.9%

128.2

9.5%

147.0

11.0%

Construction

229.2

9.1%

292.0

11.5%

163.3

11.2%

210.0

13.5%

65.8

6.3%

82.0

8.4%

Real Estate and Other

93.9

23.4%

86.0

18.7%

31.5

30.8%

21.0

21.0%

62.3

20.9%

65.0

18.1%

SG&A

(171.3)

(176.0)

(80.1)

(89.0)

(91.1)

(87.0)

Operating Income

151.8

202.0

114.7

142.0

37.1

60.0

Nonoperating Income

8.7

(2.0)

12.2

12.0

(3.4)

(14.0)

Ordinary Income

160.6

200.0

126.9

154.0

33.6

46.0

Extraordinary Income

15.4

18.0

12.3

16.0

3.0

2.0

Income Taxes

(49.6)

(61.0)

(34.6)

(45.0)

(15.0)

(16.0)

Net Income

126.4

157.0

104.7

125.0

21.7

32.0

Net Icome Attributable to

Owners of the Parent

125.8

155.0

104.7

125.0

21.0

30.0

Full-Year

Domestic Subsidiaries and Affiliates

Overseas Subsidiaries and Affiliates

FY2024

Result

FY2025

Updated Forecast

FY2024

Result

FY2025

Updated Forecast

356.4

400.0

1,114.5

1,070.0

195.2

220.2

927.4

843.0

161.1

179.7

187.0

227.0

42.6

12.0%

57.8

14.5%

86.2

7.7%

90.0

8.4%

22.3

11.4%

27.3

12.4%

36.9

4.0%

49.2

5.8%

20.3

12.6%

30.5

17.0%

49.2

26.3%

40.8

18.0%

(26.2)

(26.8)

(64.6)

(60.0)

16.3

31.0

21.6

30.0

4.8

4.0

1.9

(9.0)

21.1

35.0

23.5

21.0

(0.1)

(0.0)

3.2

1.0

(4.6)

(9.9)

(10.4)

(5.0)

16.3

25.0

16.2

17.0

16.2

25.0

15.7

15.0

Basic Net Income per Share ¥266.49 ¥331.98 ¥221.42 ¥267.18 - - - - - -

Construction Contract Awards

2,624.5

2,580.0

1,773.5

1,700.0

850.9

880.0

208.6

210.0

724.0

760.0

Interest-bearing Debt

792.0

830.0

288.9

320.0

503.0

510.0

  1. Contract Awards

    Nonconsolidated Basis JPY bil

    1st Half

    FY2024

    Result

    FY2025

    Result

    YoY Change

    Civil Engineering

    Japan

    210.9

    229.4

    8.8%

    Overseas

    (0.3)

    4.3

    -

    Total

    210.6

    233.8

    11.0%

    Building Construction

    Japan

    540.6

    580.5

    7.4%

    Overseas 1

    -

    -

    -

    Total

    540.6

    580.5

    7.4%

    Construction Total

    Japan

    751.5

    810.0

    7.8%

    Overseas

    (0.3)

    4.3

    -

    Total

    751.2

    814.4

    8.4%

    Real Estate and Other

    33.0

    34.7

    5.3%

    Grand Total

    784.2

    849.2

    8.3%

    Full-Year

    FY2024

    Result

    FY2025

    Initial Forecast

    Updated Forecast

    YoY Change

    399.1

    350.0

    395.0

    (1.1%)

    39.7

    30.0

    5.0

    (87.4%)

    438.8

    380.0

    400.0

    (8.9%)

    1,334.6

    1,050.0

    1,300.0

    (2.6%)

    -

    -

    -

    -

    1,334.6

    1,050.0

    1,300.0

    (2.6%)

    1,733.8

    1,400.0

    1,695.0

    (2.2%)

    39.7

    30.0

    5.0

    (87.4%)

    1,773.5

    1,430.0

    1,700.0

    (4.1%)

    57.5

    110.0

    110.0

    91.2%

    1,831.1

    1,540.0

    1,810.0

    (1.2%)

    1 The figures represent overseas building construction projects undertaken by the parent only. Overseas building construction projects undertaken by overseas subsidiaries and affiliates are not included.

    Consolidated Basis (Construction)

    Construction Total

    Japan Overseas

    822.7

    417.6

    876.1

    313.8

    6.5%

    (24.9%)

    Total

    1,240.4

    1,190.0

    (4.1%)

    1,860.8

    763.7

    1,520.0

    810.0

    1,820.0

    760.0

    (2.2%)

    (0.5%)

    2,624.5

    2,330.0

    2,580.0

    (1.7%)

  2. Construction Contract Awards - Segmental Analysis (Nonconsolidated)

1st Half

FY2024

Result

FY2025

Result

Change

Manufacturing

215.7

146.9

(31.9%)

Food Processing

5.5

18.8

236.9%

Petrochemical

81.3

46.2

(43.2%)

Steel

10.1

31.1

207.6%

Electronics

32.3

21.1

(34.7%)

Vehicle

14.1

10.7

(23.9%)

Machinery

16.0

12.7

(20.6%)

Others

56.1

6.1

(89.1%)

Non-Manufacturing

413.2

492.3

19.1%

Commercial

27.2

6.1

(77.6%)

Finance

11.4

42.0

266.3%

Real Estate

106.9

136.3

27.5%

Transportation / Distribution

43.0

60.3

40.3%

Power / Gas

110.1

106.9

(2.9%)

Information Technology

19.2

30.3

57.7%

Service

90.1

103.0

14.4%

(Medical / Welfare)

4.8

2.4

(48.8%)

(Education)

11.0

3.3

(70.1%)

Others

5.1

7.1

38.1%

Total - Private Sector

629.0

639.3

1.6%

1st Half

FY2024

Result

FY2025

Result

Change

Civil Engineering

210.6

233.8

11.0%

Flood Control

9.7

10.2

5.4%

Railway

31.6

62.1

96.6%

Potable / Waste Water

2.0

14.4

614.8%

Land Improvement

41.5

23.0

(44.5%)

Port / Airport

5.4

7.1

31.6%

Road

58.9

66.1

12.3%

Others

61.3

50.6

(17.5%)

Building Construction

540.6

580.5

7.4%

Office (Public / Private)

147.7

198.1

34.2%

Lodging

38.9

38.6

(0.9%)

Retail

6.9

2.6

(62.4%)

Power Plant / Factory

250.3

179.2

(28.4%)

(Manufacuring Plant)

182.2

100.0

(45.1%)

Warehouse / Distribution Center

22.1

5.1

(76.6%)

Residential

3.0

7.7

151.3%

Education / Research / Culture

18.1

43.9

142.8%

Medical / Welfare

6.3

3.0

(50.8%)

Others

46.9

101.8

116.9%

Construction Total

751.2

814.4

8.4%

Construction Awards Construction Awards by Customer (Private Sector) Construction Awards by Project Type JPY bil

1st Half

FY2024

Result

FY2025

Result

Change

Civil Engineering

210.6

233.8

11.0%

Public Sector Private Sector

Overseas

118.1

92.8

(0.3)

137.8

91.6

4.3

16.7%

(1.3%)

-

Building Construction

540.6

580.5

7.4%

Public Sector

Private Sector

4.3

536.2

32.8

547.7

655.5%

2.1%

Construction Total

751.2

814.4

8.4%

Total Amount (Domestic)

1st Half

FY2024

Result

FY2025

Result

Change

Public Sector

122.4

170.7

39.4%

Central Gov't

Local Gov't

110.7

11.7

114.1

56.6

3.1%

381.3%

Private Sector

629.0

639.3

1.6%

Manufacturing

Non-Manufacturing

215.7

413.2

146.9

492.3

(31.9%)

19.1%

Total - Domestic

751.5

810.0

7.8%