Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in million yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Public investment remained firm against a backdrop of the government's national resilience policies and the effects of supplementary budgets, while private-sector construction investment continued to show signs of recovery. The civil engineering business recorded higher revenue and profit as projects carried over from the previous fiscal year progressed steadily. The ground improvement business also recorded higher revenue and profit, supported by steady progress on its substantial backlog of projects and high utilization of owned equipment. The civil engineering business was affected by lower profitability in some projects, while the block business was affected by lower merchandise sales and higher selling, general and administrative expenses.
Not applicable.
| 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 | 41,469 million yen (YoY +11.2%) |
| Operating profit | 3,221 million yen (YoY +56.7%) |
| Ordinary income | 2,937 million yen (YoY +33.0%) |
| Profit attributable to owners of the parent | 1,837 million yen (YoY +44.5%) |
| Net income per share | ¥121.22 |
| Equity ratio | End of the current fiscal period 57.5% / End of previous period 53.5% |
| Total assets | 66,866 million yen |
| Net assets | 38,947 million yen |
| Cash flows from operating activities | 4,733 million yen |
| Cash flows from investing activities | -1,181 million yen |
| Cash flows from financing activities | -5,688 million yen |
| Cash and cash equivalents at end of period | 8,291 million yen |
| Full-year earnings forecast | Net Sales 81,000 million yen (YoY -0.9%) / Operating profit 4,800 million yen (YoY -18.9%) / Ordinary income 4,900 million yen (YoY -20.0%) / Net income 3,200 million yen (YoY -28.3%) |
| Annual Dividend Forecast | 115 yen → 115 yen（0.0%） |
| Segment revenue | Civil Engineering Business 17,737 million yen (YoY +9.0%), Ground improvement business 22,961 million yen (YoY +12.5%), Block business 874 million yen (YoY -12.4%) |
| Segment profit | Civil Engineering Business 91 million yen (YoY -67.8%), Ground improvement business 3,128 million yen (YoY +48.0%), Block business -73 million yen |
| Orders received and order backlog | Orders received 48,461 million yen / Order backlog carried forward to the next period 80,060 million yen |
| Depreciation and amortization | 1,482 million yen |
| Breakdown of extraordinary income (loss) | Gain on sale of non-current assets 9 million yen, Loss on Retirement of Fixed Assets 4 million yen |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 Yes / Subject person Not disclosed |
| Issued Shares at Period-End | 16,489,522 Shares |
| Treasury Shares at Period-End | 1,336,494 Shares |
| Factors Behind Changes in Business Performance | Public investment remained firm against a backdrop of the government's national resilience policies and the effects of supplementary budgets, while private-sector construction investment continued to show signs of recovery. The civil engineering business recorded higher revenue and profit as projects carried over from the previous fiscal year progressed steadily. The ground improvement business also recorded higher revenue and profit, supported by steady progress on its substantial backlog of projects and high utilization of owned equipment. The civil engineering business was affected by lower profitability in some projects, while the block business was affected by lower merchandise sales and higher selling, general and administrative expenses. |
Items this document does not state (7)
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.Public investment remained firm, while private-sector construction investment also recovered. In the civil engineering business, projects carried over from the previous fiscal year progressed steadily, while in the ground improvement business, the substantial backlog of projects progressed steadily. High utilization of owned equipment also improved profitability. Meanwhile, persistently high construction material and energy prices, together with rising labor costs amid labor shortages, put pressure on earnings.