Quarterly Revenue and Profit Growth

「Construction materials revenue increased due to higher sales of seismic-retrofitting materials and couplings. However, weak construction revenue from the national government and expressway companies resulted in revenue of ¥89,204 million, down 1.7% year on year; operating profit of ¥20,831 million, up 0.2%; ordinary profit of ¥21,485 million, up 1.6%; and net income attributable to owners of the parent of ¥15,439 million, up 2.5%.」

「Revenue fell ¥2,717 million year on year, or 6.0%, to ¥42,864 million. Operating profit fell ¥492 million, or 4.7%, to ¥10,087 million. Ordinary profit fell ¥426 million, or 4.0%, to ¥10,357 million, and interim net income attributable to owners of the parent fell ¥318 million, or 4.2%, to ¥7,289 million.」

「The Group's consolidated results for the fiscal year were revenue of ¥90,712 million, up 6.2% year on year; operating profit of ¥20,794 million, up 5.7%; ordinary profit of ¥21,139 million, up 3.4%; and net income attributable to owners of the parent of ¥15,061 million, up 5.2%. Revenue and profits increased for the 11th consecutive fiscal year.」

「Revenue increased ¥2,880 million year on year, or 6.7%, to ¥45,581 million. Ordinary profit increased ¥619 million, or 6.1%, to ¥10,783 million, and interim net income attributable to owners of the parent increased ¥373 million, or 5.2%, to ¥7,608 million.」

「The Group's consolidated results for the fiscal year were revenue of ¥85,419 million, up 1.8% year on year; operating profit of ¥19,666 million, up 8.5%; ordinary profit of ¥20,436 million, up 9.7%; and net income attributable to owners of the parent of ¥14,321 million, up 11.1%, as construction work progressed steadily, centered on major projects for expressway companies.」

「Revenue increased ¥3,990 million year on year, or 6.6%, to ¥64,779 million. Construction revenue increased ¥3,813 million, or 7.0%, to ¥57,977 million, as completed construction revenue from NEXCO East, which had abundant carried-over construction work, increased, along with completed construction revenue from the national and local governments. Operating profit increased ¥1,894 million, or 13.7%, to ¥15,723 million, as gross profit increased due to higher revenue and the acquisition of design changes on major expressway company projects.」

「Revenue increased ¥4,279 million year on year, or 11.1%, to ¥42,700 million. Operating profit increased ¥1,844 million, or 22.7%, to ¥9,984 million, ordinary profit increased ¥1,876 million, or 22.6%, to ¥10,164 million, and net income attributable to owners of the parent increased ¥1,486 million, or 25.9%, to ¥7,234 million, all record highs for the cumulative second quarter.」

「Revenue increased ¥2,487 million year on year, or 13.6%, to ¥20,775 million, exceeding ¥20,000 million for the first time in a first quarter. Higher revenue and the acquisition of design changes from expressway companies helped raise the gross profit margin to 28.9%, well above 25.8% in the year-earlier period, resulting in gross profit increasing and operating profit rising ¥1,125 million, or 31.5%, to ¥4,693 million.」

「Revenue was ¥83,924 million, up 3.4% year on year; operating profit was ¥18,124 million, up 5.0%; ordinary profit was ¥18,637 million, up 5.5%; and net income attributable to owners of the parent was ¥12,887 million, up 4.2%. Revenue and profits increased for the 9th consecutive fiscal year.」

「Completed construction revenue from expressway companies, where long-term major construction projects progressed steadily, and construction materials revenue, supported by strong sales of expansion joints and inorganic construction materials, increased. However, completed construction revenue from the national and local governments declined due to low opening order backlogs, resulting in revenue falling ¥1,033 million, or 1.7%, to ¥60,788 million. Nevertheless, third-quarter revenue, from January 2023 to March 2023, was ¥22,367 million, a record high on a quarterly basis. Gross profit declined due to lower revenue, resulting in operating profit falling ¥197 million, or 1.4%, to ¥13,828 million. Ordinary profit fell ¥31 million, or 0.2%, to ¥14,110 million, while net income attributable to owners of the parent increased ¥89 million, or 0.9%, to ¥9,888 million due partly to a gain on the sale of investment securities recorded as extraordinary income.」

「Revenue fell ¥1,200 million year on year, or 3.0%, to ¥38,421 million. Gross profit declined due to lower revenue, resulting in operating profit falling ¥435 million, or 5.1%, to ¥8,139 million. Ordinary profit fell ¥368 million, or 4.3%, to ¥8,288 million, and net income attributable to owners of the parent fell ¥319 million, or 5.3%, to ¥5,748 million.」

「Revenue increased year on year from higher completed construction revenue from expressway companies, where abundant carried-over construction work progressed steadily, and increased sales of construction materials, including couplings and inorganic construction materials. However, completed construction revenue from the national and local governments declined due to low opening order backlogs, resulting in revenue falling ¥617 million, or 3.3%, to ¥18,287 million. Gross profit declined with lower revenue, resulting in operating profit falling ¥200 million, or 5.3%, to ¥3,568 million, ordinary profit falling ¥176 million, or 4.6%, to ¥3,623 million, and net income attributable to owners of the parent falling ¥159 million, or 5.9%, to ¥2,553 million.」

「The Group's consolidated results for the fiscal year were revenue of ¥81,193 million, up 1.4% year on year; operating profit of ¥17,267 million, up 9.8%; ordinary profit of ¥17,669 million, up 8.4%; and net income attributable to owners of the parent of ¥12,366 million, up 9.1%.」

「Revenue declined ¥24 million year on year, or 0.0%, to ¥61,822 million for the nine months, as the decrease in revenue from the national government and local governments outweighed steady progress on abundant carried-over construction work from expressway companies. However, third-quarter revenue alone was a record high on a quarterly basis and remained at a high level. Operating profit increased ¥995 million, or 7.6%, to ¥14,026 million, ordinary profit increased ¥768 million, or 5.7%, to ¥14,142 million, and net income attributable to owners of the parent increased ¥655 million, or 7.2%, to ¥9,798 million, due to higher gross profit from additional contracts for design changes and reductions in construction costs.」

「Revenue declined slightly year on year, falling ¥379 million, or 0.9%, to ¥39,622 million, but remained high as the Company steadily progressed work on major carried-over construction projects. Gross profit increased due to additional contracts for design changes obtained upon completion of major construction projects and reductions in construction costs. Operating profit increased ¥899 million, or 11.7%, to ¥8,574 million, ordinary profit increased ¥657 million, or 8.2%, to ¥8,656 million, and net income attributable to owners of the parent increased ¥594 million, or 10.9%, to ¥6,067 million.」

「Gross profit increased due to higher contract amounts resulting from design changes at the completion of major construction projects and improved construction profitability. Operating profit increased ¥719 million year on year, or 23.6%, to ¥3,768 million, ordinary profit increased ¥714 million, or 23.2%, to ¥3,800 million, and net income attributable to owners of the parent increased ¥658 million, or 32.1%, to ¥2,712 million. Both revenue and profit reached record highs for a first quarter, resulting in higher revenue and profits year on year.」

「The Group's consolidated results for the fiscal year were revenue of ¥80,065 million, up 18.5% year on year; operating profit of ¥15,732 million, up 21.7%; ordinary profit of ¥16,302 million, up 20.7%; and net income attributable to owners of the parent of ¥11,340 million, up 25.9%.」

「Revenue increased ¥11,869 million year on year, or 23.8%, to ¥61,847 million as abundant carried-over construction work progressed generally steadily. Operating profit increased ¥2,592 million, or 24.8%, to ¥13,031 million, ordinary profit increased ¥2,793 million, or 26.4%, to ¥13,374 million, and net income attributable to owners of the parent increased ¥2,063 million, or 29.2%, to ¥9,142 million, supported by a substantial increase in gross profit accompanying higher revenue and the maintenance of a high gross profit margin, resulting in higher revenue and profits year on year.」

「Revenue increased ¥9,131 million year on year, or 29.6%, to ¥40,002 million, a record high for the first half, as work progressed steadily in the second quarter, following the first quarter, after the Company began the period with a record order backlog. As gross profit increased substantially with higher revenue, operating profit increased ¥1,778 million, or 30.1%, to ¥7,675 million, ordinary profit increased ¥1,995 million, or 33.2%, to ¥7,998 million, and net income attributable to owners of the parent increased ¥1,436 million, or 35.6%, to ¥5,473 million. Both revenue and profit reached record highs for the first half, resulting in higher revenue and profits year on year.」

「Revenue increased ¥5,334 million year on year, or 40.4%, to ¥18,553 million, a first-quarter record, as the Company began the period with a record order backlog and steadily progressed work on abundant carried-over construction projects. Gross profit increased ¥1,229 million, or 41.9%, to ¥4,160 million due to the substantial increase in completed construction revenue. Despite higher selling, general and administrative expenses, the increase in gross profit was greater, resulting in operating profit increasing ¥1,023 million, or 50.5%, to ¥3,049 million. Ordinary profit increased ¥1,032 million, or 50.3%, to ¥3,085 million, and net income attributable to owners of the parent increased ¥693 million, or 51.0%, to ¥2,054 million. Both revenue and profit reached record highs for a first quarter, resulting in higher revenue and profits year on year.」

「The Group's consolidated results for the fiscal year were revenue of ¥67,590 million, up 11.1% year on year; operating profit of ¥12,930 million, up 10.3%; ordinary profit of ¥13,507 million, up 11.0%; and net income attributable to owners of the parent of ¥9,005 million, up 11.5%.」

「Revenue increased ¥3,686 million year on year, or 8.0%, to ¥49,977 million as abundant carried-over construction work progressed steadily. Operating profit increased ¥565 million, or 5.7%, to ¥10,438 million, ordinary profit increased ¥498 million, or 4.9%, to ¥10,580 million, and net income attributable to owners of the parent increased ¥307 million, or 4.5%, to ¥7,078 million, as completed construction revenue increased and the Company maintained a high completed-construction gross profit margin.」

「Revenue increased ¥1,235 million year on year, or 4.2%, to ¥30,871 million, as abundant carried-over construction work progressed steadily. Operating profit increased ¥282 million, or 5.0%, to ¥5,897 million, ordinary profit increased ¥227 million, or 3.9%, to ¥6,002 million, and net income attributable to owners of the parent increased ¥168 million, or 4.4%, to ¥4,037 million, as the Company maintained a high completed-construction gross profit margin through higher completed construction revenue and rigorous profitability management.」

「Revenue remained at approximately the year-earlier level, increasing ¥3 million year on year, or 0.0%, to ¥13,219 million. Gross profit declined due partly to a lower construction gross profit margin, resulting in operating profit falling ¥176 million, or 8.0%, to ¥2,026 million, ordinary profit falling ¥194 million, or 8.6%, to ¥2,053 million, and net income attributable to owners of the parent falling ¥122 million, or 8.3%, to ¥1,360 million.」

「Gross profit increased 9.1% year on year to ¥12,825 million, as revenue increased and the construction gross profit margin improved due to profitable change orders. Operating profit increased 7.3% to ¥9,873 million, ordinary profit increased 7.3% to ¥10,082 million, and net income attributable to owners of the parent increased 8.3% to ¥6,771 million, due to the increase in gross profit, resulting in higher revenue and profits year on year.」

「Revenue rose 6.4% year on year to ¥29,635 million as high levels of carried-over construction work progressed steadily. Gross profit increased 9.3% to ¥7,573 million, operating profit increased 6.7% to ¥5,615 million, ordinary profit increased 7.0% to ¥5,775 million, and net income attributable to owners of the parent increased 7.3% to ¥3,868 million, driven by higher completed construction revenue and an improvement in the gross profit margin due partly to profitable change orders, resulting in higher revenue and profits year on year.」

「Revenue rose 7.3% year on year to ¥13,215 million as high levels of carried-over construction work progressed steadily. In terms of profit, gross profit increased 7.6% to ¥3,113 million, operating profit increased 5.2% to ¥2,202 million, ordinary profit increased 5.1% to ¥2,247 million, and net income attributable to owners of the parent increased 5.9% to ¥1,483 million, due to the increase in revenue, resulting in higher revenue and profits year on year.」

「Revenue rose ¥4,646 million year on year to ¥44,968 million, as in addition to projects for expressway companies, much of the opening backlog of orders from the national government was completed. Operating profit increased 4.2% to ¥9,198 million, ordinary profit increased 4.5% to ¥9,392 million, and net income attributable to owners of the parent increased 4.1% to ¥6,253 million, resulting in higher revenue and profits year on year.」

「Revenue rose 10.1% year on year to ¥27,850 million as carried-over construction work progressed steadily. Operating profit increased 4.7% to ¥5,263 million, ordinary profit increased 4.8% to ¥5,397 million, and net income attributable to owners of the parent increased 3.6% to ¥3,606 million, resulting in higher revenue and profits year on year.」

「Primarily due to increased orders from expressway companies, orders received rose 17.0% year on year to ¥18,849 million. As the ¥7,286 million increase in carried-over construction work was executed steadily, revenue rose 15.4% year on year to ¥12,320 million. Operating profit increased 23.1% to ¥2,094 million, ordinary profit increased 22.9% to ¥2,138 million, and net income attributable to owners of the parent increased 21.3% to ¥1,400 million, resulting in higher revenue and profits year on year.」

「As a result, orders received from the government, local governments and expressway companies all exceeded the previous year, increasing 13.1% year on year to ¥6,053.6 million, while revenue increased 1.8% year on year to ¥5,325.0 million.」

「Revenue declined 3.4% year on year to ¥4,032.1 million, mainly because the number of large projects requiring preparation before construction started increased. In terms of earnings, improved gross profit margins resulting from rigorous cost control led to operating profit increasing 1.8% year on year to ¥883.0 million, ordinary profit increasing 1.5% to ¥899.1 million, and profit attributable to owners of the parent increasing 4.3% to ¥600.6 million.」

「Revenue was ¥25,291 million, approximately unchanged from the same period of the previous year. Operating profit increased 6.6% to ¥5,029 million, ordinary profit increased 6.0% to ¥5,149 million, and profit attributable to owners of the parent increased 8.4% to ¥3,480 million, reflecting an improvement in the gross profit margin and other factors.」

「Revenue increased 1.5% year on year to ¥1,067.5 million as construction on projects in hand at the beginning of the period progressed steadily. In terms of earnings, continued focus on rigorous cost control and improved productivity resulted in operating profit increasing 3.0% year on year to ¥170 million, ordinary profit increasing 2.8% to ¥174 million, and profit attributable to owners of the parent increasing 4.5% to ¥115.5 million.」