Worth reading
53Recurring
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
49
¥100 million (year-on-year increase in operating income)Wording
Definitive
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter (interim period) of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,885 100 million+10.3%
Operating profit¥127 100 million+62.4%
Ordinary income¥124 100 million+60.0%
Net income¥81 100 million +82.0%net income attributable to owners of the parent
Gross Profit Margin
Rate16.8
Year-on-year change (points)1.7
Operating profit margin
Rate6.8
Year-on-year change (points)2.2
Results for the three months of the current quarterQuarterly amounts for orders received and the consolidated total are shown in a chart, but standalone three-month figures for revenue and profit are Not disclosed
Full-year earnings forecast
Orders received
¥4,700 100 million
Net Sales
¥4,100 100 million
Operating profit
¥240 100 million
Profit attributable to owners of the parent
¥150 100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in gross profit (5 core companies)¥42 100 million
- Increase in gross profit (Other)¥48 100 million
- Change in selling, general and administrative expenses (5 core companies)¥0 100 million
- Change in selling, general and administrative expenses (Other)¥-10 100 million
- Total increase in operating profit¥49 100 million
New initiatives
- Establishment of a Philippine joint venture with Pueblo de Oro Development Corporation
- 青木あすなろ建設's award of a large-scale data center construction project
- 髙松グループ's first nationwide television commercial broadcast
Key KPIsA metric the company considers important as a management benchmark.
- Orders received¥2,306 100 millionYear on year against the same period last year+21.9%
- Carried-forward construction work¥601,540 millionYear on year against the same period last year+20.5%
- 髙松エステート occupancy rate (Osaka and Nagoya)95% or higher
- 髙松エステート occupancy rate (Tokyo)95% or higher
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The disclosure states that タカマツハウス achieved higher selling prices and strong sales, but specific figures for unit prices and volumes are Not disclosedSegment results
Orders received
Construction
¥128,821 million+32.1%
Civil engineering
¥53,269 million+12.4%
Real estate
¥48,537 million+9.8%
Net Sales
Construction
¥84,481 million+4.7%
Civil engineering
¥51,009 million+4.3%
Real estate
¥53,098 million+28.6%
Gross profit
Construction
¥15,755 million+12.4%
Civil engineering
¥6,730 million+3.8%
Real estate
¥9,119 million+72.7%
Operating profit
Construction
¥7,289 million+44.6%
Civil engineering
¥3,207 million+0.7%
Real estate
¥5,828 million
Medium-term management plan targets
The shareholder return policy covers the fiscal years ending March 2026 through March 2028 and calls for progressive dividends, a minimum annual dividend of ¥90 per share, and a target payout ratio of 40%. Other medium-term earnings targets are Not disclosedOrders received and order backlog
Orders received
¥2,306 100 million
Carried-forward construction work
¥601,540 million
Annual Dividend
Annual dividend per share¥170
Payout ratio
39.5| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥1,885 100 million (YoY +10.3%) |
| Operating profit | ¥127 100 million (YoY +62.4%) |
| Ordinary income | ¥124 100 million (YoY +60.0%) |
| Net income | ¥81 100 million (net income attributable to owners of the parent) (YoY +82.0%) |
| Gross Profit Margin | Rate 16.8 / Year-on-year change (points) 1.7 |
| Operating profit margin | Rate 6.8 / Year-on-year change (points) 2.2 |
| Results for the three months of the current quarter | Quarterly amounts for orders received and the consolidated total are shown in a chart, but standalone three-month figures for revenue and profit are Not disclosed |
| Full-year earnings forecast | Orders received ¥4,700 100 million / Net Sales ¥4,100 100 million / Operating profit ¥240 100 million / Profit attributable to owners of the parent ¥150 100 million |
| Segment results | Orders received Construction ¥128,821 million (YoY +32.1%) / Civil engineering ¥53,269 million (YoY +12.4%) / Real estate ¥48,537 million (YoY +9.8%) / Net Sales Construction ¥84,481 million (YoY +4.7%) / Civil engineering ¥51,009 million (YoY +4.3%) / Real estate ¥53,098 million (YoY +28.6%) / Gross profit Construction ¥15,755 million (YoY +12.4%) / Civil engineering ¥6,730 million (YoY +3.8%) / Real estate ¥9,119 million (YoY +72.7%) / Operating profit Construction ¥7,289 million (YoY +44.6%) / Civil engineering ¥3,207 million (YoY +0.7%) / Real estate ¥5,828 million |
| Breakdown of Factors Affecting the Change | Factors Increase in gross profit (5 core companies) / Amount ¥42 100 million, Factors Increase in gross profit (Other) / Amount ¥48 100 million, Factors Change in selling, general and administrative expenses (5 core companies) / Amount ¥0 100 million, Factors Change in selling, general and administrative expenses (Other) / Amount ¥-10 100 million, Factors Total increase in operating profit / Amount ¥49 100 million |
| Key KPIs | Indicator name Orders received / Value ¥2,306 100 million / Year on year against the same period last year ¥21.9 100 million, Indicator name Carried-forward construction work / Value ¥601,540 million / Year on year against the same period last year ¥20.5 million, Indicator name 髙松エステート occupancy rate (Osaka and Nagoya) / Value 95% or higher / Year on year against the same period last year Not disclosed, Indicator name 髙松エステート occupancy rate (Tokyo) / Value 95% or higher / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | The disclosure states that タカマツハウス achieved higher selling prices and strong sales, but specific figures for unit prices and volumes are Not disclosed |
| Medium-term management plan targets | The shareholder return policy covers the fiscal years ending March 2026 through March 2028 and calls for progressive dividends, a minimum annual dividend of ¥90 per share, and a target payout ratio of 40%. Other medium-term earnings targets are Not disclosed |
| Annual Dividend | Annual dividend per share ¥170 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | 39.5 |
| Orders received and order backlog | Orders received ¥2,306 100 million / Carried-forward construction work ¥601,540 million |
| New initiatives | Establishment of a Philippine joint venture with Pueblo de Oro Development Corporation, 青木あすなろ建設's award of a large-scale data center construction project, 髙松グループ's first nationwide television commercial broadcast |
Items this document does not state (12)
Selling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey points of the Q&A
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.In addition to increases in revenue and gross profit, mainly in the construction and real estate businesses, selling, general and administrative expenses declined at companies including 青木あすなろ建設. In particular, real estate sales were strong for highly profitable projects at タカマツハウス, while increases in revenue and gross profit at 青木あすなろ建設 contributed to the construction business.
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.