Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
84.5
Year-on-year change in operating income (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales341,181¥ millionYear on year +16.4%Progress 102.2%
Operating profit16,306¥ millionYear on year +84.5%Progress 98.8%
Ordinary income17,552¥ millionYear on year +80.9%Progress 104.5%
Net income attributable to owners of the parent13,390¥ millionYear on year +101.9%Progress 121.7%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥126.18
Operating Margin4.8%
Financial position at period-end
Total assets310,849¥ million
of which net assets 112,676 ¥ millionEquity ratio 35.9%vs. prior year-end -1.2pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+6,910
Investment-2,451
Financials+5,387
Net change+9,846
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥49,587 million
Segment revenueConstruction business (building construction) ¥259,236 million (YoY +18.0%), Construction business (civil engineering) ¥74,350 million (YoY +8.6%), Real Estate Business and Other Operations ¥7,593 million (YoY +52.8%)
Segment profitConstruction business (building construction) ¥15,499 million (YoY +31.1%), Construction business (civil engineering) ¥9,731 million (YoY +114.4%), Real Estate Business and Other Operations ¥1,080 million (YoY -27.5%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥334,000 million (YoY -2.1%)
Operating profit¥16,500 million (YoY +1.2%)
Ordinary income¥16,800 million (YoY -4.3%)
Net income¥11,000 million (YoY -17.9%)
Annual Dividend Forecast¥40 → ¥43（+7.5%）
Payout ratioFiscal year ending March 2026 31.7 % / Forecast for the fiscal year ending March 2027 41.5 %
Shareholder Return PolicyThe company targets a dividend payout ratio of at least 40%, DOE of at least 4.0%, and ROE of at least 10%, with an emphasis on stable and sustained shareholder returns. The company will consider implementing share buybacks flexibly as appropriate.
Factors Behind Changes in Business Performance
Amid an overall increase in construction investment, completed construction revenue in the building and civil engineering businesses increased due to growth in public-sector and private-sector construction projects in Japan. Segment profit increased in the building and civil engineering businesses, while the real estate and other businesses recorded profit from rental operations and the sale of real estate for sale, but segment profit declined.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew — companies / Excluded — companies / Company name None
Material subsequent eventsNot applicable.
Impairment loss¥7 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥564 million, Gain on sale of investment securities ¥1,171 million, Subsidies and other income ¥71 million / Extraordinary loss Loss on reduction of fixed assets ¥71 million, Impairment Loss on Investment Securities ¥21 million, Impairment Losses ¥7 million
Depreciation and amortization¥1,611 million
Orders received and order backlogOrders received ¥408,944 million / Order backlog Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End106,761,205 shares
Treasury Shares at Period-End488,006 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥341,181 million (YoY +16.4%) |
| Operating profit | ¥16,306 million (YoY +84.5%) |
| Ordinary income | ¥17,552 million (YoY +80.9%) |
| Profit attributable to owners of the parent | ¥13,390 million (YoY +101.9%) |
| Net income per share | ¥126.18 |
| Operating Margin | 4.8% |
| Equity ratio | End of the current fiscal period 35.9 / End of previous period 37.1 |
| Total assets | ¥310,849 million |
| Net assets | ¥112,676 million |
| Cash flows from operating activities | ¥6,910 million |
| Cash flows from investing activities | ¥-2,451 million |
| Cash flows from financing activities | ¥5,387 million |
| Cash and cash equivalents at end of period | ¥49,587 million |
| Full-year earnings forecast | Net Sales ¥334,000 million (YoY -2.1%) / Operating profit ¥16,500 million (YoY +1.2%) / Ordinary income ¥16,800 million (YoY -4.3%) / Net income ¥11,000 million (YoY -17.9%) |
| Annual Dividend Forecast | ¥40 → ¥43（+7.5%） |
| Payout ratio | Fiscal year ending March 2026 31.7 % / Forecast for the fiscal year ending March 2027 41.5 % |
| Shareholder Return Policy | The company targets a dividend payout ratio of at least 40%, DOE of at least 4.0%, and ROE of at least 10%, with an emphasis on stable and sustained shareholder returns. The company will consider implementing share buybacks flexibly as appropriate. |
| Segment revenue | Construction business (building construction) ¥259,236 million (YoY +18.0%), Construction business (civil engineering) ¥74,350 million (YoY +8.6%), Real Estate Business and Other Operations ¥7,593 million (YoY +52.8%) |
| Segment profit | Construction business (building construction) ¥15,499 million (YoY +31.1%), Construction business (civil engineering) ¥9,731 million (YoY +114.4%), Real Estate Business and Other Operations ¥1,080 million (YoY -27.5%) |
| Orders received and order backlog | Orders received ¥408,944 million / Order backlog Not disclosed |
| Depreciation and amortization | ¥1,611 million |
| Impairment loss | ¥7 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥564 million, Gain on sale of investment securities ¥1,171 million, Subsidies and other income ¥71 million / Extraordinary loss Loss on reduction of fixed assets ¥71 million, Impairment Loss on Investment Securities ¥21 million, Impairment Losses ¥7 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New — companies / Excluded — companies / Company name None |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 106,761,205 shares |
| Treasury Shares at Period-End | 488,006 shares |
| Factors Behind Changes in Business Performance | Amid an overall increase in construction investment, completed construction revenue in the building and civil engineering businesses increased due to growth in public-sector and private-sector construction projects in Japan. Segment profit increased in the building and civil engineering businesses, while the real estate and other businesses recorded profit from rental operations and the sale of real estate for sale, but segment profit declined. |
Items this document does not state (2)
Revision to Earnings ForecastRegional sales
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Construction investment increased, driven by growth in public-sector construction projects and private-sector construction projects in Japan, resulting in higher completed construction revenue in the building and civil engineering businesses. In line with its long-term management plan, the company also pursued priority strategies focused on deepening its core businesses, growing its strategic businesses, and developing human resources and digital technologies.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.