Worth reading
59In 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
62.4
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales188,589¥ millionYear on year +10.3%Progress 46.0%
Operating profit12,797¥ millionYear on year +62.4%Progress 53.3%
Ordinary income12,415¥ millionYear on year +60.0%Progress 54.0%
Net income attributable to owners of the parent8,179¥ millionYear on year +82.0%Progress 54.5%
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¥234.93
Financial position at period-end
Total assets307,460¥ million
of which net assets 152,336 ¥ millionEquity ratio 49.5%vs. prior year-end +2.8pt
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.
Segment revenue
Building construction business84,48144.8%+4.7%
Civil engineering business51,00927.0%+4.3%
Real estate business53,09828.2%+28.6%
Segment profit
Building construction business7,28944.7%+44.6%
Civil engineering business3,20719.6%+0.7%
Real estate business5,82835.7%+114.2%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥410,000 million (YoY +14.6%)
Operating profit¥24,000 million (YoY +34.1%)
Ordinary income¥23,000 million (YoY +31.3%)
Net income¥15,000 million (YoY +31.3%)
Revision to Earnings ForecastNot disclosed → Net Sales 410,000 / Operating profit 24,000 / Ordinary income 23,000 / Net income 15,000
Annual Dividend Forecast¥130 → ¥170
Factors Behind Changes in Business Performance
Public-sector construction investment remained firm, while private-sector construction investment was also supported by companies' appetite for capital investment, keeping the order environment strong. Orders received or revenue and segment profit in the building construction, civil engineering and real estate businesses exceeded the year-earlier period.
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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥5 million / Extraordinary loss Loss on sale of noncurrent assets ¥2 million, Loss on disposal of fixed assets ¥11 million
Orders received and order backlogOrders received ¥230,628 million / Order backlog Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Analysts
Issued Shares at Period-End34,818,578
Treasury Shares at Period-End111
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥188,589 million (YoY +10.3%) |
| Operating profit | ¥12,797 million (YoY +62.4%) |
| Ordinary income | ¥12,415 million (YoY +60.0%) |
| Profit attributable to owners of the parent | ¥8,179 million (YoY +82.0%) |
| Net income per share | ¥234.93 |
| Equity ratio | End of the current fiscal period 49.5 / End of previous period 46.7 |
| Total assets | ¥307,460 million |
| Net assets | ¥152,336 million |
| Full-year earnings forecast | Net Sales ¥410,000 million (YoY +14.6%) / Operating profit ¥24,000 million (YoY +34.1%) / Ordinary income ¥23,000 million (YoY +31.3%) / Net income ¥15,000 million (YoY +31.3%) |
| Revision to Earnings Forecast | Not disclosed → Net Sales 410,000 / Operating profit 24,000 / Ordinary income 23,000 / Net income 15,000 |
| Annual Dividend Forecast | ¥130 → ¥170 |
| Segment revenue | Building construction business ¥84,481 million (YoY +4.7%) / Civil engineering business ¥51,009 million (YoY +4.3%) / Real estate business ¥53,098 million (YoY +28.6%) |
| Segment profit | Building construction business ¥7,289 million (YoY +44.6%) / Civil engineering business ¥3,207 million (YoY +0.7%) / Real estate business ¥5,828 million (YoY +114.2%) |
| Orders received and order backlog | Orders received ¥230,628 million / Order backlog Not disclosed |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥5 million / Extraordinary loss Loss on sale of noncurrent assets ¥2 million, Loss on disposal of fixed assets ¥11 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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Analysts |
| Issued Shares at Period-End | 34,818,578 |
| Treasury Shares at Period-End | 111 |
| Factors Behind Changes in Business Performance | Public-sector construction investment remained firm, while private-sector construction investment was also supported by companies' appetite for capital investment, keeping the order environment strong. Orders received or revenue and segment profit in the building construction, civil engineering and real estate businesses exceeded the year-earlier period. |
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesDepreciation and amortizationImpairment lossMaterial subsequent events
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.Public-sector construction investment remained firm, while private-sector construction investment was also supported by companies' appetite for capital investment, keeping the order environment strong. Orders received or revenue and segment profit exceeded the year-earlier period in each of the building construction, civil engineering and real estate businesses.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.