Worth reading
63In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
46.2
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 April 2025 to 31 December 2025ConsolidatedJapanese GAAPNet Sales1,832,429¥ millionYear on year -3.6%Progress 71.3%
Operating profit142,725¥ millionYear on year +46.2%Progress 73.2%
Ordinary income151,645¥ millionYear on year +42.8%Progress 74.0%
Net income attributable to owners of the parent131,761¥ 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 share188.39円
Financial position at period-end
Total assets3,145,710¥ million
of which net assets 1,248,303 ¥ millionEquity ratio 38.0%vs. prior year-end -0.1pt
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 revenueDomestic building ¥829,138 million (YoY -16.9%), Overseas building ¥358,571 million (YoY -0.8%), Domestic civil engineering ¥307,911 million (YoY +4.8%), Overseas civil engineering ¥232,306 million (YoY +33.1%), Real Estate ¥58,241 million (YoY +49.0%)
Segment profitDomestic building ¥76,019 million (YoY +74.4%), Overseas building ¥9,858 million (YoY +12.9%), Domestic civil engineering ¥31,512 million (YoY +1.9%), Overseas civil engineering ¥10,860 million (YoY +112.0%), Real Estate ¥12,050 million (YoY +56.0%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥2,570,000 million (YoY -0.8%)
Operating profit¥195,000 million (YoY +36.9%)
Ordinary income¥205,000 million (YoY +34.7%)
Profit attributable to owners of the parent¥170,000 million (YoY +17.0%)
Revision to Earnings ForecastNet Sales ¥2,570,000 million → ¥2,570,000 million（0.0%） / Operating profit Not disclosed → ¥195,000 million（+18.2%） / Ordinary income Not disclosed → ¥205,000 million（+19.2%） / Profit attributable to owners of the parent Not disclosed → ¥170,000 million（+14.1%）
Annual Dividend Forecast¥81 → ¥87（+7.4%）
Factors Behind Changes in Business Performance
売上高は、国内建築事業における前年同四半期の大型案件進捗の反動や施工キャパシティに見合った計画的な受注活動により減少した。利益は、国内建築事業の追加・変更工事獲得と採算性の良い案件、海外土木事業の手持ち工事の増加及び順調な進捗、不動産事業の開発物件売却により増加した。
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 Yes見積りの変更 No修正再表示 No
Changes in the scope of consolidationNo material changes (0 additions, 0 exclusions)
Material subsequent events2026年1月22日開催の取締役会決議に基づき、2026年1月30日に普通株式15,139,700株を消却した。消却前の発行済株式総数に対する割合は2.1％。
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥39,906 million, Other ¥675 million / Extraordinary loss ¥1,295 million
Depreciation and amortization¥26,649 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End706,951,046
Treasury Shares at Period-End19,528,835
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025 to 31 December 2025 |
| Net Sales | ¥1,832,429 million (YoY -3.6%) |
| Operating profit | ¥142,725 million (YoY +46.2%) |
| Ordinary income | ¥151,645 million (YoY +42.8%) |
| Profit attributable to owners of the parent | ¥131,761 million (YoY +37.3%) |
| Net income per share | 188.39円 |
| Equity ratio | End of the current fiscal period 38 / End of previous period 38.1 |
| Total assets | ¥3,145,710 million |
| Net assets | ¥1,248,303 million |
| Full-year earnings forecast | Net Sales ¥2,570,000 million (YoY -0.8%) / Operating profit ¥195,000 million (YoY +36.9%) / Ordinary income ¥205,000 million (YoY +34.7%) / Profit attributable to owners of the parent ¥170,000 million (YoY +17.0%) |
| Revision to Earnings Forecast | Net Sales ¥2,570,000 million → ¥2,570,000 million（0.0%） / Operating profit Not disclosed → ¥195,000 million（+18.2%） / Ordinary income Not disclosed → ¥205,000 million（+19.2%） / Profit attributable to owners of the parent Not disclosed → ¥170,000 million（+14.1%） |
| Annual Dividend Forecast | ¥81 → ¥87（+7.4%） |
| Segment revenue | Domestic building ¥829,138 million (YoY -16.9%), Overseas building ¥358,571 million (YoY -0.8%), Domestic civil engineering ¥307,911 million (YoY +4.8%), Overseas civil engineering ¥232,306 million (YoY +33.1%), Real Estate ¥58,241 million (YoY +49.0%) |
| Segment profit | Domestic building ¥76,019 million (YoY +74.4%), Overseas building ¥9,858 million (YoY +12.9%), Domestic civil engineering ¥31,512 million (YoY +1.9%), Overseas civil engineering ¥10,860 million (YoY +112.0%), Real Estate ¥12,050 million (YoY +56.0%) |
| Depreciation and amortization | ¥26,649 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥39,906 million, Other ¥675 million / Extraordinary loss ¥1,295 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes Yes / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | No material changes (0 additions, 0 exclusions) |
| Material subsequent events | 2026年1月22日開催の取締役会決議に基づき、2026年1月30日に普通株式15,139,700株を消却した。消却前の発行済株式総数に対する割合は2.1％。 |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts and institutional investors) |
| Issued Shares at Period-End | 706,951,046 |
| Treasury Shares at Period-End | 19,528,835 |
| Factors Behind Changes in Business Performance | 売上高は、国内建築事業における前年同四半期の大型案件進捗の反動や施工キャパシティに見合った計画的な受注活動により減少した。利益は、国内建築事業の追加・変更工事獲得と採算性の良い案件、海外土木事業の手持ち工事の増加及び順調な進捗、不動産事業の開発物件売却により増加した。 |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment loss
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.売上高は、国内建築事業で前年同期に大型案件が進捗した反動や、施工キャパシティに見合った計画的な受注活動を行ったことにより減少した。利益は、国内建築事業での追加・変更工事の獲得や採算性の良い案件の寄与度の高まり、海外土木事業での手持ち工事の増加と順調な進捗、不動産事業での開発物件の売却により増加した。通期予想の上方修正は、国内建設事業における原価低減等により完成工事総利益が増加することによる。
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.