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Mikikogyo Profits Slide Amid Rising Costs

A 26 percent decline in net profit marked the first nine months of fiscal 2026 for Mikikogyo Co. Ltd., as the Japanese firm reported earnings of 925 million yen against 1.26 billion yen for the same period last year, despite achieving a modest increase in top-line revenue.

Mikikogyo Profits Slide Amid Rising Costs

Revenue for the construction firm climbed to 28.84 billion yen, up from 27.37 billion yen a year earlier. However, the company's bottom line failed to keep pace with this growth, hampered by a significant contraction in operating profit, which fell to 1.46 billion yen from 2.07 billion yen. Pretax profit followed a similar downward trajectory, settling at 1.42 billion yen compared to 2.04 billion yen in 2025. Consequently, earnings per share dropped to 286.22 yen from 385.45 yen. These results were prepared in accordance with Japanese accounting standards.

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