Worth reading
51Recurring
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
-17.9
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales21,182million yenYear on year -17.9%Progress 43.2%
Operating profit1,318million yenYear on year -44.6%Progress 51.7%
Ordinary income1,420million yenYear on year -41.2%Progress 55.7%
Net income attributable to owners of the parent920million yenYear on year -45.4%Progress 54.1%
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¥84.34
Financial position at period-end
Total assets33,442million yen
of which net assets 19,451 million yenEquity ratio 58.2%vs. prior year-end +9.3pt
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 revenueBuilding Construction Business ¥15,090,133 thousand (YoY -31.9%), Civil Engineering Business ¥4,261,832 thousand (YoY +19.1%), Real Estate Business ¥1,830,564 thousand
Segment profitBuilding Construction Business ¥1,687,061 thousand, Civil Engineering Business ¥437,775 thousand, Real Estate Business ¥169,668 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales49,000 million yen (YoY -3.6%)
Operating profit2,550 million yen (YoY -34.0%)
Ordinary income2,550 million yen (YoY -34.8%)
Net income1,700 million yen (YoY -38.0%)
Revision to Earnings ForecastNone
Annual Dividend Forecast¥180 (prior fiscal year before stock split; current-year forecast after stock split) → ¥38 (prior fiscal year before stock split; current-year forecast after stock split)（-78.9%）
Factors Behind Changes in Business Performance
Revenue was ¥21,182 million and operating income was ¥1,318 million, both below the same period of the previous year. The company describes the challenging earnings environment in the construction industry, including persistently high construction-material prices, persistently high labor costs due to a shortage of workers, and higher funding costs resulting from rising borrowing rates.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Depreciation and amortization¥113,623 thousand
Orders received and order backlogOrders received Total ¥25,801,324 thousand / Year on year against the same period last year ¥13.6 thousand / Order backlog Total ¥56,085,258 thousand / Year on year against the same period last year ¥11.3 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable None / Subject person Not disclosed
Issued Shares at Period-End11,300,000 Shares
Treasury Shares at Period-End353,190 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | 21,182 million yen (YoY -17.9%) |
| Operating profit | 1,318 million yen (YoY -44.6%) |
| Ordinary income | 1,420 million yen (YoY -41.2%) |
| Profit attributable to owners of the parent | 920 million yen (YoY -45.4%) |
| Net income per share | ¥84.34 |
| Equity ratio | End of the current fiscal period 58.2 / End of previous period 48.9 |
| Total assets | 33,442 million yen |
| Net assets | 19,451 million yen |
| Full-year earnings forecast | Net Sales 49,000 million yen (YoY -3.6%) / Operating profit 2,550 million yen (YoY -34.0%) / Ordinary income 2,550 million yen (YoY -34.8%) / Net income 1,700 million yen (YoY -38.0%) |
| Revision to Earnings Forecast | None |
| Annual Dividend Forecast | ¥180 (prior fiscal year before stock split; current-year forecast after stock split) → ¥38 (prior fiscal year before stock split; current-year forecast after stock split)（-78.9%） |
| Segment revenue | Building Construction Business ¥15,090,133 thousand (YoY -31.9%), Civil Engineering Business ¥4,261,832 thousand (YoY +19.1%), Real Estate Business ¥1,830,564 thousand |
| Segment profit | Building Construction Business ¥1,687,061 thousand, Civil Engineering Business ¥437,775 thousand, Real Estate Business ¥169,668 thousand |
| Orders received and order backlog | Orders received Total ¥25,801,324 thousand / Year on year against the same period last year ¥13.6 thousand / Order backlog Total ¥56,085,258 thousand / Year on year against the same period last year ¥11.3 thousand |
| Depreciation and amortization | ¥113,623 thousand |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable None / Subject person Not disclosed |
| Issued Shares at Period-End | 11,300,000 Shares |
| Treasury Shares at Period-End | 353,190 Shares |
| Factors Behind Changes in Business Performance | Revenue was ¥21,182 million and operating income was ¥1,318 million, both below the same period of the previous year. The company describes the challenging earnings environment in the construction industry, including persistently high construction-material prices, persistently high labor costs due to a shortage of workers, and higher funding costs resulting from rising borrowing rates. |
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesImpairment lossBreakdown of extraordinary income (loss)Material subsequent events
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 explains that the earnings environment is challenging because construction-material prices remain above the previous year's levels, labor costs remain high amid a shortage of workers, and funding costs have increased as borrowing rates have risen. It also identifies economic conditions and demand trends, financial conditions, and fluctuations in land prices as important factors that may affect future earnings.
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.