Worth reading
67In focus
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
353.8
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year2024年4月1日〜2025年3月31日ConsolidatedJapanese GAAPNet Sales2,154,223¥ millionYear on year +22.1%Progress 109.9%
Operating profit120,160¥ millionYear on year +353.8%Progress 119.0%
Ordinary income134,505¥ millionYear on year +245.7%Progress 128.1%
Net income attributable to owners of the parent123,824¥ millionYear on year +207.5%
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 share682.78円
Operating Margin5.6%
Financial position at period-end
Total assets2,428,837¥ million
of which net assets 900,699 ¥ millionEquity ratio 35.7%vs. prior year-end -0.3pt
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.
Cash inflows and outflows
Operating-13,841
Investment+10,531
Financials-133,769
Net change-137,079
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¥295,963 million
Segment revenue
Civil Engineering Business6,63929.8%+22.9%
Building Construction13,99962.8%+22.7%
Development Business1,4676.6%+6.2%
Other1750.8%+7.3%
Segment profit
Civil Engineering Business87570.3%+42.5%
Building Construction1139.1%
Development Business23418.8%
Other231.8%+25.6%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,960,000 million (YoY -9.0%)
Operating profit¥101,000 million (YoY -15.9%)
Ordinary income¥105,000 million (YoY -21.9%)
Profit attributable to owners of the parent¥80,000 million (YoY -35.4%)
Annual Dividend Forecast¥210 → ¥150（-28.6%）
Payout ratio30.8%
Shareholder Return Policy配当性向30％程度を維持。次期より、1株当たり配当金150円を下限とする「下限付き配当性向30％」を導入し、業績が予想を上回る場合は配当予想を上方修正する。
Factors Behind Changes in Business Performance
受注高・売上高は全セグメントで増加。営業利益は増収に加え土木事業・建築事業の利益率好転により売上総利益が増加したこと、経常利益は持分法による投資利益の増加等に伴う営業外損益の好転、親会社株主に帰属する当期純利益は投資有価証券売却益の増加等に伴う特別損益の好転による。
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Yes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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name 合同会社ＴＳインベストメント１号
Material subsequent eventsNot applicable.
Impairment loss¥1,302 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥46,197 million, Other ¥2,697 million / Extraordinary loss Impairment Losses ¥1,302 million, Loss on Disposal of Fixed Assets ¥210 million, Loss on affiliated businesses ¥3,033 million, Other ¥603 million
Depreciation and amortization¥16,391 million
Orders received and order backlogOrders received 24,375 Hundreds of millions of yen / Order backlog Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Analysts and institutional investors
Issued Shares at Period-End183,166,472
Treasury Shares at Period-End11,352,272
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2024年4月1日〜2025年3月31日 |
| Net Sales | ¥2,154,223 million (YoY +22.1%) |
| Operating profit | ¥120,160 million (YoY +353.8%) |
| Ordinary income | ¥134,505 million (YoY +245.7%) |
| Profit attributable to owners of the parent | ¥123,824 million (YoY +207.5%) |
| Net income per share | 682.78円 |
| Operating Margin | 5.6% |
| Equity ratio | End of the current fiscal period 35.7% / End of previous period 36.0% |
| Total assets | ¥2,428,837 million |
| Net assets | ¥900,699 million |
| Cash flows from operating activities | ¥-13,841 million |
| Cash flows from investing activities | ¥10,531 million |
| Cash flows from financing activities | ¥-133,769 million |
| Cash and cash equivalents at end of period | ¥295,963 million |
| Full-year earnings forecast | Net Sales ¥1,960,000 million (YoY -9.0%) / Operating profit ¥101,000 million (YoY -15.9%) / Ordinary income ¥105,000 million (YoY -21.9%) / Profit attributable to owners of the parent ¥80,000 million (YoY -35.4%) |
| Annual Dividend Forecast | ¥210 → ¥150（-28.6%） |
| Payout ratio | 30.8% |
| Shareholder Return Policy | 配当性向30％程度を維持。次期より、1株当たり配当金150円を下限とする「下限付き配当性向30％」を導入し、業績が予想を上回る場合は配当予想を上方修正する。 |
| Segment revenue | Civil Engineering Business 6,639 Hundreds of millions of yen (YoY +22.9%) / Building Construction 13,999 Hundreds of millions of yen (YoY +22.7%) / Development Business 1,467 Hundreds of millions of yen (YoY +6.2%) / Other 175 Hundreds of millions of yen (YoY +7.3%) |
| Segment profit | Civil Engineering Business 875 Hundreds of millions of yen (YoY +42.5%) / Building Construction 113 Hundreds of millions of yen / Development Business 234 Hundreds of millions of yen / Other 23 Hundreds of millions of yen (YoY +25.6%) |
| Orders received and order backlog | Orders received 24,375 Hundreds of millions of yen / Order backlog Not disclosed |
| Depreciation and amortization | ¥16,391 million |
| Impairment loss | ¥1,302 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥46,197 million, Other ¥2,697 million / Extraordinary loss Impairment Losses ¥1,302 million, Loss on Disposal of Fixed Assets ¥210 million, Loss on affiliated businesses ¥3,033 million, Other ¥603 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name 合同会社ＴＳインベストメント１号 |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Analysts and institutional investors |
| Issued Shares at Period-End | 183,166,472 |
| Treasury Shares at Period-End | 11,352,272 |
| Factors Behind Changes in Business Performance | 受注高・売上高は全セグメントで増加。営業利益は増収に加え土木事業・建築事業の利益率好転により売上総利益が増加したこと、経常利益は持分法による投資利益の増加等に伴う営業外損益の好転、親会社株主に帰属する当期純利益は投資有価証券売却益の増加等に伴う特別損益の好転による。 |
Items this document does not state (2)
Revision to Earnings ForecastRegional 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.受注高・売上高は全セグメントで増加した。営業利益は増収に加え、土木事業・建築事業の利益率好転で売上総利益が増加したことが主因。経常利益は持分法による投資利益の増加等に伴う営業外損益の好転、親会社株主に帰属する当期純利益は投資有価証券売却益の増加等に伴う特別損益の好転による。次期は、米国の政策動向や中東情勢、顧客企業の設備投資動向を注視するとしている。
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