Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
68.5
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales50,855¥ millionYear on year +1.2%Progress 103.8%
Operating profit3,861¥ millionYear on year +68.5%Progress 151.4%
Ordinary income3,912¥ millionYear on year +65.0%Progress 153.4%
Net income attributable to owners of the parent2,743¥ millionYear on year +66.2%Progress 161.4%
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 share¥251.76
Operating Margin7.6%
Financial position at period-end
Total assets38,316¥ million
of which net assets 18,752 ¥ millionEquity ratio 48.9%vs. prior year-end +2.2pt
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.
Cash inflows and outflows
Operating+1,360
Investment-1,769
Financials+724
Net change+315
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.
Cash and cash equivalents at end of period¥7,844 million
Segment revenue
Building Construction42,865,92084.3%
Civil Engineering Business7,600,18214.9%
Real Estate Business389,5910.8%
Segment profit
Building Construction5,154,061
Civil Engineering Business774,639
Real Estate Business-49,770
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥49,000 million (YoY -3.6%)
Operating profit¥2,550 million (YoY -34.0%)
Ordinary income¥2,550 million (YoY -34.8%)
Net income¥1,700 million (YoY -38.0%)
Annual Dividend Forecast¥180 per share (pre-split equivalent) → ¥190 per share (pre-split equivalent)（+5.6%）
Payout ratio14.3% (FY ending March 2026; forecast 24.4% for FY ending March 2027)
Factors Behind Changes in Business Performance
A substantial backlog of projects carried over from the previous fiscal year, steady progress on construction projects, resilient revenue, and thorough cost and process management and expense reductions.
Disclosure regarding the going concern assumption
No applicable matters.
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 0 / Excluded 0 / Company name None
Material subsequent eventsStock split effective 1 April 2026 (five-for-one split of common shares) and amendments to the Articles of Incorporation in connection with the stock split
Impairment loss¥0 thousand
Breakdown of extraordinary income (loss)No extraordinary gains or losses recorded during the fiscal year
Depreciation and amortization¥243,639 thousand
Orders received and order backlogOrders received Building Construction ¥40,400,786 thousand / Civil Engineering Business ¥8,198,200 thousand / Real Estate Business ¥186,294 thousand / Total ¥48,785,280 thousand / Order backlog Not disclosed
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNone (対象者：Not disclosed)
Issued Shares at Period-End11,300,000
Treasury Shares at Period-End395,300
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥50,855 million (YoY +1.2%) |
| Operating profit | ¥3,861 million (YoY +68.5%) |
| Ordinary income | ¥3,912 million (YoY +65.0%) |
| Profit attributable to owners of the parent | ¥2,743 million (YoY +66.2%) |
| Net income per share | ¥251.76 |
| Operating Margin | 7.6% |
| Equity ratio | End of the current fiscal period 48.9% / End of previous period 46.7% |
| Total assets | ¥38,316 million |
| Net assets | ¥18,752 million |
| Cash flows from operating activities | ¥1,360 million |
| Cash flows from investing activities | ¥-1,769 million |
| Cash flows from financing activities | ¥724 million |
| Cash and cash equivalents at end of period | ¥7,844 million |
| Full-year earnings forecast | Net Sales ¥49,000 million (YoY -3.6%) / Operating profit ¥2,550 million (YoY -34.0%) / Ordinary income ¥2,550 million (YoY -34.8%) / Net income ¥1,700 million (YoY -38.0%) |
| Annual Dividend Forecast | ¥180 per share (pre-split equivalent) → ¥190 per share (pre-split equivalent)（+5.6%） |
| Payout ratio | 14.3% (FY ending March 2026; forecast 24.4% for FY ending March 2027) |
| Segment revenue | Segment Building Construction / Net Sales ¥42,865,920 thousand / Year-on-year (%) ¥10.3 thousand, Segment Civil Engineering Business / Net Sales ¥7,600,182 thousand / Year-on-year (%) ¥-3 thousand, Segment Real Estate Business / Net Sales ¥389,591 thousand / Year-on-year (%) ¥-89.1 thousand |
| Segment profit | Segment Building Construction / Segment profit ¥5,154,061 thousand / Year-on-year (%) ¥48.9 thousand, Segment Civil Engineering Business / Segment profit ¥774,639 thousand / Year-on-year (%) ¥43.7 thousand, Segment Real Estate Business / Segment profit ¥-49,770 thousand / Year-on-year (%) Not disclosed |
| Orders received and order backlog | Orders received Building Construction ¥40,400,786 thousand / Civil Engineering Business ¥8,198,200 thousand / Real Estate Business ¥186,294 thousand / Total ¥48,785,280 thousand / Order backlog Not disclosed |
| Depreciation and amortization | ¥243,639 thousand |
| Impairment loss | ¥0 thousand |
| Breakdown of extraordinary income (loss) | No extraordinary gains or losses recorded during the fiscal year |
| 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 / Excluded 0 / Company name None |
| Material subsequent events | Stock split effective 1 April 2026 (five-for-one split of common shares) and amendments to the Articles of Incorporation in connection with the stock split |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 11,300,000 |
| Treasury Shares at Period-End | 395,300 |
| Factors Behind Changes in Business Performance | A substantial backlog of projects carried over from the previous fiscal year, steady progress on construction projects, resilient revenue, and thorough cost and process management and expense reductions. |
Items this document does not state (3)
Revision to Earnings ForecastShareholder Return PolicyRegional sales
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.This was attributable to a substantial backlog of projects carried over from the previous fiscal year, steady progress on construction projects, resilient revenue, and thorough cost and process management and expense reductions. For the next fiscal year, the Company cites concerns that higher raw material and energy prices resulting from the situation in the Middle East, together with disruptions to logistics and supply chains, will create a challenging earnings environment.
How to read this page
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