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Financial results presentationFiscal year ending March 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥33,704 million-16.6%
Operating profit¥1,070 million-9.1%
Ordinary income¥1,369 million+3.1%
Net income¥883 million-0.9%
Gross Profit Margin10.5%
Operating profit margin3.2%
Selling, general and administrative expenses¥2,459 million
Full-year earnings forecast
Net Sales
¥38,000 million
Operating profit
¥1,100 million
Operating profit margin
2.9%
Ordinary income
¥1,300 million
Net income for the current fiscal year
¥900 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales91.1%
Operating profit89.2%
Ordinary income105.4%
Net income for the current fiscal year103.9%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and operating profit fell below the initial forecasts, while ordinary profit and net income exceeded the initial forecastsBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Delays in the timing of construction-segment orders due to the impact of the business suspension order and other factors, passing through higher selling prices in the products and other sales segment, improved profitability, and the recognition of non-operating income
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Recovery from the impact of the business suspension order, changes in the business environment associated with geopolitical risks, and rigorous cost management, among other factorsNew initiatives
- Established a Sustainability Committee to promote initiatives related to decarbonization, human capital, and governance
- Use of carbon-neutral city gas, green power, and renewable energy
- Accepting specified skilled foreign workers through participation in a human resources development program in the Philippines
- Abolition of the senior employee system
- Introduction of YASAI in offices and the chocoZAP corporate membership program
Key KPIsA metric the company considers important as a management benchmark.
- Payout ratio56.5 %
- Dividend yield4 %
- Average age44.2 Years
- Average length of service19.3 Year
- CO2 emissions reduction rate (versus fiscal 2013, fiscal 2025)50 %
Segment results
Construction segment
Orders received
¥26,257 million-14.2%
Products and other sales segment
Orders received
¥5,073 million+8.4%
Medium-term management plan targets
FY2024-FY2026
Net Sales¥42.0 billion or more
Operating profit¥2.0 billion or more
Comparison with actual resultsThe forecast for the fiscal year ending March 2027 is revenue of ¥38.0 billion and operating profit of ¥1.1 billion, and is expected to fall below the initial targets
Orders received and order backlog
Orders received
Construction segment¥26,257 million
Products and other sales segment¥5,073 million
Total¥31,331 million
Order backlog
Construction segment¥14,546 million
Paving works¥12,067 million
Civil engineering and other works¥2,478 million
Number of stores and locations
End of period8 branches, 28 sales offices and field offices, 22 asphalt plants, and 6 group companies
Number of employees
Number of Employees537 (consolidated, as of 31 March 2026) / 451 (non-consolidated)
Annual Dividend
Fiscal year ending March 2026¥80
Forecast for the fiscal year ending March 2027¥80
Interim and Year-End BreakdownFor the fiscal year ended March 2026, ¥40 interim and ¥40 year-end; the forecast for the fiscal year ending March 2027 is also ¥40 interim and ¥40 year-end
Payout ratio
Fiscal year ending March 202656.5%
Forecast for the fiscal year ending March 202755.5%
Acquisition of treasury shares
The company will consider share repurchases after taking into account share liquidity and the results of growth investments, among other factors, but the repurchase limit, number of shares, and period are Not disclosed| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥33,704 million (YoY -16.6%) |
| Operating profit | ¥1,070 million (YoY -9.1%) |
| Ordinary income | ¥1,369 million (YoY +3.1%) |
| Net income | ¥883 million (YoY -0.9%) |
| Gross Profit Margin | 10.5% |
| Operating profit margin | 3.2% |
| Selling, general and administrative expenses | ¥2,459 million |
| Full-year earnings forecast | Net Sales ¥38,000 million / Operating profit ¥1,100 million / Operating profit margin 2.9% / Ordinary income ¥1,300 million / Net income for the current fiscal year ¥900 million |
| Progress against full-year forecast | Net Sales 91.1% / Operating profit 89.2% / Ordinary income 105.4% / Net income for the current fiscal year 103.9% |
| Self-assessment against the plan | Revenue and operating profit fell below the initial forecasts, while ordinary profit and net income exceeded the initial forecasts |
| Segment results | Construction segment Orders received ¥26,257 million (YoY -14.2%) / Products and other sales segment Orders received ¥5,073 million (YoY +8.4%) |
| Breakdown of Factors Affecting the Change | Delays in the timing of construction-segment orders due to the impact of the business suspension order and other factors, passing through higher selling prices in the products and other sales segment, improved profitability, and the recognition of non-operating income |
| Key KPIs | Payout ratio 56.5 %, Dividend yield 4 %, Average age 44.2 Years, Average length of service 19.3 Year, CO2 emissions reduction rate (versus fiscal 2013, fiscal 2025) 50 % |
| Number of stores and locations | End of period 8 branches, 28 sales offices and field offices, 22 asphalt plants, and 6 group companies / Number of store openings and closures during the period Not disclosed |
| Number of employees | Number of Employees 537 (consolidated, as of 31 March 2026) / 451 (non-consolidated) / Changes during the period and hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Recovery from the impact of the business suspension order, changes in the business environment associated with geopolitical risks, and rigorous cost management, among other factors |
| Medium-term management plan targets | Subject FY2024-FY2026 / Net Sales ¥42.0 billion or more / Operating profit ¥2.0 billion or more / Comparison with actual results The forecast for the fiscal year ending March 2027 is revenue of ¥38.0 billion and operating profit of ¥1.1 billion, and is expected to fall below the initial targets |
| Annual Dividend | Fiscal year ending March 2026 ¥80 / Forecast for the fiscal year ending March 2027 ¥80 / Interim and Year-End Breakdown For the fiscal year ended March 2026, ¥40 interim and ¥40 year-end; the forecast for the fiscal year ending March 2027 is also ¥40 interim and ¥40 year-end |
| Payout ratio | Fiscal year ending March 2026 56.5% / Forecast for the fiscal year ending March 2027 55.5% |
| Acquisition of treasury shares | The company will consider share repurchases after taking into account share liquidity and the results of growth investments, among other factors, but the repurchase limit, number of shares, and period are Not disclosed |
| Orders received and order backlog | Orders received Construction segment ¥26,257 million / Products and other sales segment ¥5,073 million / Total ¥31,331 million / Order backlog Construction segment ¥14,546 million / Paving works ¥12,067 million / Civil engineering and other works ¥2,478 million |
| New initiatives | Established a Sustainability Committee to promote initiatives related to decarbonization, human capital, and governance, Use of carbon-neutral city gas, green power, and renewable energy, Accepting specified skilled foreign workers through participation in a human resources development program in the Philippines, Abolition of the senior employee system, Introduction of YASAI in offices and the chocoZAP corporate membership program |
Items this document does not state (7)
Results for the three months of the current quarterUnit price and quantity metricsRisk amount incorporated into the outlookFinancial targetsCapital expendituresMarket Size / ShareKey points of the Q&A
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 cited delays in the timing of orders in the construction segment, due to the administrative action, as one reason why revenue for the fiscal year ended March 2026 fell below forecast. In terms of profit, gross profit was maintained at approximately the previous fiscal year's level through thorough improvements in profitability, while ordinary profit and net income exceeded forecasts due to the recognition of non-operating income. The forecast for the fiscal year ending March 2027 assumes a recovery from the impact of the business suspension order, rigorous cost management, and changes in the business environment associated with geopolitical risks.
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