Worth reading
50Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
78.8
% (year-on-year decline in operating income)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales15,175¥ millionYear on year -17.1%Progress 20.2%
Operating profit434¥ millionYear on year -78.8%Progress 10.9%
Ordinary income550¥ millionYear on year -73.6%Progress 12.2%
Net income attributable to owners of the parent424¥ millionYear on year -71.5%Progress 15.4%
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 share3.30
Financial position at period-end
Total assets78,680¥ million
of which net assets 52,618 ¥ millionEquity ratio 66.8%vs. prior year-end +2.6pt
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 revenueConstruction ¥13,604 million (YoY -11.1%), Steel structures business ¥902 million (YoY -62.6%), Port operations business ¥610 million (YoY +17.6%), Other ¥57 million (YoY -2.8%)
Segment profitConstruction ¥648 million (YoY -67.3%), Steel structures business ¥-147 million, Port operations business ¥-90 million, Other ¥21 million (YoY +31.1%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥75,000 million (YoY +8.9%)
Operating profit¥4,000 million (YoY -25.0%)
Ordinary income¥4,500 million (YoY -18.8%)
Net income¥2,750 million (YoY -18.7%)
Annual Dividend Forecast¥14.50 → ¥14.50（0.0%）
Factors Behind Changes in Business Performance
Orders received decreased in the construction and port operations businesses, while net sales declined because construction progress was slower during the first quarter. Gross profit also declined in line with the decrease in net sales, resulting in declines in operating profit, ordinary profit and profit attributable to owners of the parent for the quarter.
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 consolidation0 additions, 0 exclusions (no material changes)
Material subsequent eventsAs ITOCHU Corporation acquired 1,078,200 shares of the Company's common stock on 2 July 2026, bringing its voting rights ratio to 20% or more, it became an other affiliated company. In addition, the Company resolved to enter into a joint venture agreement with 根基営造股份有限公司 for a precast concrete business in Taiwan, with execution of the agreement scheduled for 10 August 2026.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥88 million / Extraordinary loss Compensation paid ¥9 million
Depreciation and amortization¥398 million
Orders received and order backlogOrders received ¥10,501 million (YoY -53.8%) / Order backlog ¥112,012 million (YoY +6.0%)
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End138,809,400 shares
Treasury Shares at Period-End10,126,576 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥15,175 million (YoY -17.1%) |
| Operating profit | ¥434 million (YoY -78.8%) |
| Ordinary income | ¥550 million (YoY -73.6%) |
| Profit attributable to owners of the parent | ¥424 million (YoY -71.5%) |
| Net income per share | 3.30 |
| Equity ratio | End of the current fiscal period 66.8 / End of previous period 64.2 |
| Total assets | ¥78,680 million |
| Net assets | ¥52,618 million |
| Full-year earnings forecast | Net Sales ¥75,000 million (YoY +8.9%) / Operating profit ¥4,000 million (YoY -25.0%) / Ordinary income ¥4,500 million (YoY -18.8%) / Net income ¥2,750 million (YoY -18.7%) |
| Annual Dividend Forecast | ¥14.50 → ¥14.50（0.0%） |
| Segment revenue | Construction ¥13,604 million (YoY -11.1%), Steel structures business ¥902 million (YoY -62.6%), Port operations business ¥610 million (YoY +17.6%), Other ¥57 million (YoY -2.8%) |
| Segment profit | Construction ¥648 million (YoY -67.3%), Steel structures business ¥-147 million, Port operations business ¥-90 million, Other ¥21 million (YoY +31.1%) |
| Orders received and order backlog | Orders received ¥10,501 million (YoY -53.8%) / Order backlog ¥112,012 million (YoY +6.0%) |
| Depreciation and amortization | ¥398 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥88 million / Extraordinary loss Compensation paid ¥9 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 | 0 additions, 0 exclusions (no material changes) |
| Material subsequent events | As ITOCHU Corporation acquired 1,078,200 shares of the Company's common stock on 2 July 2026, bringing its voting rights ratio to 20% or more, it became an other affiliated company. In addition, the Company resolved to enter into a joint venture agreement with 根基営造股份有限公司 for a precast concrete business in Taiwan, with execution of the agreement scheduled for 10 August 2026. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 138,809,400 shares |
| Treasury Shares at Period-End | 10,126,576 shares |
| Factors Behind Changes in Business Performance | Orders received decreased in the construction and port operations businesses, while net sales declined because construction progress was slower during the first quarter. Gross profit also declined in line with the decrease in net sales, resulting in declines in operating profit, ordinary profit and profit attributable to owners of the parent for the quarter. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesImpairment loss
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.Net sales declined because construction progress was slower during the first quarter, and gross profit also declined in line with the decrease in net sales. Orders received decreased in the construction and port operations businesses, while increasing in the steel structures 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.