Worth reading
63In 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
67813
¥ million (year-on-year increase in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales2,089,091¥ millionYear on year -3.0%Progress 86.3%
Operating profit187,973¥ millionYear on year +56.4%Progress 100.0%
Ordinary income195,777¥ millionYear on year +45.6%Progress 104.7%
Net income attributable to owners of the parent170,004¥ millionYear on year +37.3%
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¥1,025.53
Operating Margin9.0%
Financial position at period-end
Total assets2,714,550¥ million
of which net assets 989,931 ¥ millionEquity ratio 34.9%vs. prior year-end -0.8pt
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+147,287
Investment-195,895
Financials+24,397
Net change-24,211
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¥272,974 million
Segment revenueCivil Engineering Business ¥720,226 million (YoY +8.5%), Building Construction ¥1,274,470 million (YoY -9.0%), Development business ¥154,269 million (YoY +5.1%)
Segment profitCivil Engineering Business ¥95,557 million (YoY +9.1%), Building Construction ¥78,370 million (YoY +590.6%), Development business ¥23,952 million (YoY +2.0%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥2,420,000 million (YoY +15.8%)
Operating profit¥188,000 million (YoY 0.0%)
Ordinary income¥187,000 million (YoY -4.5%)
Profit attributable to owners of the parent¥151,000 million (YoY -11.2%)
Annual Dividend Forecast¥310 → ¥380（+22.6%）
Payout ratioActual results for the current fiscal year 30.2% / Next-year forecast 41.0%
Shareholder Return PolicyThe basic policy is to maintain a dividend payout ratio of 30% with a floor, to be raised to 40% with a floor from the coming fiscal year. The Company also plans to flexibly repurchase its own shares.
Factors Behind Changes in Business Performance
Revenue decreased due to lower revenue from the Building business. Operating profit increased due to higher gross profit resulting from improved profit margins in the Civil Engineering and Building businesses. Ordinary income increased because the increase in operating profit exceeded the deterioration in non-operating income and expenses resulting from lower equity in earnings of affiliates and other factors. Net income attributable to owners of the parent increased due to an improvement in extraordinary gains and losses, including higher gains on sales of investment securities.
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 consolidationNew Number of companies 1 / Company name TOYO CONSTRUCTION CO., LTD. / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsNot applicable.
Impairment loss¥3,532 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥54,656 million, Other ¥568 million, Total ¥55,225 million / Extraordinary loss Loss on sale of fixed assets ¥533 million, Impairment Losses ¥3,532 million, Other ¥520 million, Total ¥4,586 million
Depreciation and amortization¥16,766 million
Orders received and order backlogOrders received 24,362 Hundreds of millions of yen / Order backlog Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End163,185,872 Shares
Treasury Shares at Period-End176,753 Shares
| 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 | ¥2,089,091 million (YoY -3.0%) |
| Operating profit | ¥187,973 million (YoY +56.4%) |
| Ordinary income | ¥195,777 million (YoY +45.6%) |
| Profit attributable to owners of the parent | ¥170,004 million (YoY +37.3%) |
| Net income per share | ¥1,025.53 |
| Operating Margin | 9.0% |
| Equity ratio | End of the current fiscal period 34.9% / End of previous period 35.7% |
| Total assets | ¥2,714,550 million |
| Net assets | ¥989,931 million |
| Cash flows from operating activities | ¥147,287 million |
| Cash flows from investing activities | ¥-195,895 million |
| Cash flows from financing activities | ¥24,397 million |
| Cash and cash equivalents at end of period | ¥272,974 million |
| Full-year earnings forecast | Net Sales ¥2,420,000 million (YoY +15.8%) / Operating profit ¥188,000 million (YoY 0.0%) / Ordinary income ¥187,000 million (YoY -4.5%) / Profit attributable to owners of the parent ¥151,000 million (YoY -11.2%) |
| Annual Dividend Forecast | ¥310 → ¥380（+22.6%） |
| Payout ratio | Actual results for the current fiscal year 30.2% / Next-year forecast 41.0% |
| Shareholder Return Policy | The basic policy is to maintain a dividend payout ratio of 30% with a floor, to be raised to 40% with a floor from the coming fiscal year. The Company also plans to flexibly repurchase its own shares. |
| Segment revenue | Civil Engineering Business ¥720,226 million (YoY +8.5%), Building Construction ¥1,274,470 million (YoY -9.0%), Development business ¥154,269 million (YoY +5.1%) |
| Segment profit | Civil Engineering Business ¥95,557 million (YoY +9.1%), Building Construction ¥78,370 million (YoY +590.6%), Development business ¥23,952 million (YoY +2.0%) |
| Orders received and order backlog | Orders received 24,362 Hundreds of millions of yen / Order backlog Not disclosed |
| Depreciation and amortization | ¥16,766 million |
| Impairment loss | ¥3,532 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥54,656 million, Other ¥568 million, Total ¥55,225 million / Extraordinary loss Loss on sale of fixed assets ¥533 million, Impairment Losses ¥3,532 million, Other ¥520 million, Total ¥4,586 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 | New Number of companies 1 / Company name TOYO CONSTRUCTION CO., LTD. / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts and institutional investors) |
| Issued Shares at Period-End | 163,185,872 Shares |
| Treasury Shares at Period-End | 176,753 Shares |
| Factors Behind Changes in Business Performance | Revenue decreased due to lower revenue from the Building business. Operating profit increased due to higher gross profit resulting from improved profit margins in the Civil Engineering and Building businesses. Ordinary income increased because the increase in operating profit exceeded the deterioration in non-operating income and expenses resulting from lower equity in earnings of affiliates and other factors. Net income attributable to owners of the parent increased due to an improvement in extraordinary gains and losses, including higher gains on sales of investment securities. |
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.Revenue declined due to lower revenue from the Building business. Operating profit increased because gross profit rose as profit margins improved in the Civil Engineering and Building businesses. Net income attributable to owners of the parent increased due to an improvement in extraordinary gains and losses, including higher gains on sales of investment securities.
How to read this page
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