Results for this period
Full year1 May 2025–30 April 2026ConsolidatedJapanese GAAPThe 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.
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.
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.
In the construction business, construction revenue increased due to higher orders received in the previous consolidated fiscal year. In the real estate leasing business, rental income, management fee income and other revenue increased as the number of properties under management grew. Meanwhile, the gross profit margin on completed construction projects declined due to higher construction material prices and labor costs and the implementation of sales promotion measures, while the Other business reported lower revenue and lower profit.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 May 2025–30 April 2026 |
| Net Sales | ¥386,537 million (YoY +5.4%) |
| Operating profit | ¥22,373 million (YoY +0.5%) |
| Ordinary income | ¥23,432 million (YoY +3.0%) |
| Profit attributable to owners of the parent | ¥16,161 million (YoY +2.4%) |
| Net income per share | ¥1,238.21 |
| Operating Margin | 5.8% |
| Equity ratio | End of the current fiscal period 54.0% / End of previous period 58.5% |
| Total assets | ¥215,656 million |
| Net assets | ¥116,350 million |
| Cash flows from operating activities | ¥19,567 million |
| Cash flows from investing activities | ¥-3,924 million |
| Cash flows from financing activities | ¥-33,746 million |
| Cash and cash equivalents at end of period | ¥116,840 million |
| Full-year earnings forecast | Net Sales ¥408,218 million (YoY +5.6%) / Operating profit ¥20,175 million (YoY -9.8%) / Ordinary income ¥21,108 million (YoY -9.9%) / Profit attributable to owners of the parent ¥14,568 million (YoY -9.9%) / Net income per share ¥1,312.40 |
| Annual Dividend Forecast | ¥360 per share → ¥400 per share（+11.1%） |
| Payout ratio | 29.1% (actual for the fiscal year ended April 2026), 30.5% (forecast for the fiscal year ending April 2027) |
| Segment revenue | Construction ¥164,106 million (YoY +8.6%) / Real Estate Leasing Business ¥220,237 million (YoY +3.3%) / Other ¥2,194 million (YoY -1.4%) |
| Segment profit | Construction ¥17,219 million (YoY +11.8%) / Real Estate Leasing Business ¥14,242 million (YoY +0.7%) / Other ¥45 million (YoY -62.3%) |
| Orders received and order backlog | Orders received ¥218,759 million (YoY +20.8%) / Order backlog Not disclosed |
| Depreciation and amortization | ¥1,935 million |
| Impairment loss | ¥854 million (golf course facilities and the Chiba Cisco Factory of ナスラック株式会社) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥461 million / Gain on reversal of impairment losses on leased assets ¥346 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥453 million / Impairment loss ¥854 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| 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 0 companies / Excluded 0 companies |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 13,472,000 |
| Treasury Shares at Period-End | 2,371,020 |
| Factors Behind Changes in Business Performance | In the construction business, construction revenue increased due to higher orders received in the previous consolidated fiscal year. In the real estate leasing business, rental income, management fee income and other revenue increased as the number of properties under management grew. Meanwhile, the gross profit margin on completed construction projects declined due to higher construction material prices and labor costs and the implementation of sales promotion measures, while the Other business reported lower revenue and lower profit. |
Items this document does not state (3)
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.For the fiscal year ended April 2026, higher orders received in the construction business in the previous consolidated fiscal year led to an increase in construction revenue, while increases in the number of properties under management resulted in higher rental and management fee income, boosting performance. For the fiscal year ending April 2027, revenue is expected to increase on higher orders received, but operating profit is expected to decline because selling, general and administrative expenses will increase as a result of upfront investments, including active recruitment and hiring activities and advertising and promotional activities.