Komori
Earnings1795MASARU CORPORATIONConstruction and Materials

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending September 2026 [Japanese GAAP] (Consolidated)

For the interim period of the fiscal year ending September 2026, orders received and net sales were below the prior-year period, while operating income, ordinary income, and interim net income attributable to owners of the parent were all above the prior-year period. Orders received decreased 41.6% year on year, while net sales decreased 10.0%.

Worth reading
71In focus
Scored from 3 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
10
Year-on-year decrease in revenue (%)
Wording
Definitive
How definitive the wording is.

Results for this period

Interim period (second quarter)1 October 2025–31 March 2026ConsolidatedJapanese GAAP
Net Sales5,146,705¥ thousandYear on year -10.0%
Operating profit444,864¥ thousandYear on year +5.8%
Ordinary income452,595¥ thousandYear on year +4.9%
Net income attributable to owners of the parent291,956¥ thousandYear on year +5.7%

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.

Financial position at period-end
Total assets8,713,222¥ thousand
of which net assets 5,481,531 ¥ thousandEquity ratio 62.9%vs. prior year-end +3.0pt

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 business ¥4,323,635 thousand (YoY -14.0%), Facilities construction ¥823,069 thousand (YoY +19.1%)
Segment profitConstruction business ¥391,609 thousand, Facilities construction ¥52,590 thousand (YoY +87.0%)
Outlook and shareholder returns
Revision to Earnings ForecastNo change
Factors Behind Changes in Business Performance

Longer construction periods for orders received, rising labor costs, and persistently high raw material prices. Regarding orders received in the facilities construction business, the factors included the impact of large-scale public works orders received in the previous fiscal year, among others.

Disclosure regarding the going concern assumption

None (the notes on going concern state that there are no applicable matters)

Orders received and order backlogOrders received ¥4,659 million (YoY -41.6%) / Order backlog Not disclosed
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 October 2025–31 March 2026
Net Sales¥5,146,705 thousand (YoY -10.0%)
Operating profit¥444,864 thousand (YoY +5.8%)
Ordinary income¥452,595 thousand (YoY +4.9%)
Profit attributable to owners of the parent¥291,956 thousand (YoY +5.7%)
Equity ratioEnd of the current fiscal period 62.9 / End of previous period 59.9
Total assets¥8,713,222 thousand
Net assets¥5,481,531 thousand
Revision to Earnings ForecastNo change
Segment revenueConstruction business ¥4,323,635 thousand (YoY -14.0%), Facilities construction ¥823,069 thousand (YoY +19.1%)
Segment profitConstruction business ¥391,609 thousand, Facilities construction ¥52,590 thousand (YoY +87.0%)
Orders received and order backlogOrders received ¥4,659 million (YoY -41.6%) / Order backlog Not disclosed
Disclosure regarding the going concern assumptionNone (the notes on going concern state that there are no applicable matters)
Factors Behind Changes in Business PerformanceLonger construction periods for orders received, rising labor costs, and persistently high raw material prices. Regarding orders received in the facilities construction business, the factors included the impact of large-scale public works orders received in the previous fiscal year, among others.
Items this document does not state (21)
Net income per shareOperating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodFull-year earnings forecastAnnual Dividend ForecastPayout ratioShareholder Return PolicyRegional salesDepreciation and amortizationImpairment lossBreakdown of extraordinary income (loss)Change in accounting policyChanges in the scope of consolidationMaterial subsequent eventsAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued Shares at Period-EndTreasury Shares at Period-End

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.

The company explained that, amid a business environment characterized by longer construction periods, rising labor costs, and persistently high raw material prices, it worked to secure an order base with due consideration for profitability, balance quality assurance with profitability, strengthen the management of subsidiaries, develop the direct-order market, and invest in growth areas. Regarding orders received in the facilities construction business, it also cited the impact of large-scale public works orders received in the previous fiscal year, among other factors.

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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.
Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending September 2026 [Japanese GAAP] (Consolidated) | MASARU CORPORATION (1795) timely disclosure | Komori