Eazima Nine-Month Operating Profit Rises 14% to ¥1.08bn on Steady Plumbing-Engineering Demand; Lifts Dividend to ¥135

Eazima (Akatsuki Iijima Kogyo), an Ibaraki-based plumbing and sanitary-engineering contractor, posted nine-month revenue up 3.6% to ¥7.07 billion and operating profit up 13.7% to ¥1.08 billion, and raised its full-year dividend forecast to ¥135.

Eazima Eazima · TSE

Akatsuki Iijima Kogyo Co., Ltd. (TSE: 1997), which trades as EAZIMA and specialises in plumbing, air-conditioning and sanitary facility engineering for buildings and public infrastructure, reported results for the nine months to May 31, 2026, the third quarter of its August financial year. On a non-consolidated basis, revenue rose 3.6% to ¥7.07 billion, operating profit rose 13.7% to ¥1.08 billion, ordinary profit rose 15.7% to ¥1.13 billion and net profit rose 17.7% to ¥780 million. EPS was ¥385.97, up from ¥327.76.

Margins widen on facility work

Profit grew faster than revenue as the contractor benefited from firm demand for building-equipment and infrastructure work and disciplined project execution, lifting the operating margin above the prior year.

Solid balance sheet

Total assets stood at ¥11.22 billion, net assets at ¥8.24 billion and the equity ratio at a robust 73.4%.

Dividend and outlook

The company lifted its year-end dividend forecast, taking the full-year payout to ¥135 from ¥110 the previous year. For the full August 2026 year it guides revenue of ¥9.50 billion (+4.0%), operating profit of ¥1.35 billion (+19.8%), ordinary profit of ¥1.40 billion (+20.6%) and net profit of ¥950 million (+19.2%), for EPS of ¥469.85.

Eazima — 9M FY8/2026 Key Financials (J-GAAP, non-consolidated)
Metric9M FY8/269M FY8/25YoY
Revenue (¥m)7,0706,827+3.6%
Operating profit (¥m)1,079949+13.7%
Ordinary profit (¥m)1,125973+15.7%
Net profit (¥m)780662+17.7%
EPS (¥)385.97327.76+17.8%
Equity ratio73.4%68.9%+4.5pp
FY8/26 OP guidance (¥m)1,3501,127+19.8%

JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.