Worth reading
53Recurring
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
6579
¥ millions (consolidated operating profit for the fiscal year ended March 2026)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending March 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥105,554 million+18.6%
Operating profit¥6,579 million+78.0%
Net income¥3,800 million+84.5%
Gross Profit Margin11.3%
Operating profit margin6.2%
Selling, general and administrative expensesIncrease of ▲790
Full-year earnings forecast
Orders received
¥110,500 million
Net Sales
¥98,400 million
Operating profit
¥5,750 million
Net income
¥3,860 million
Annual Dividend
¥186
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in operating profit
Operating profit for FY ended March 20253,695
Completed construction1,687
Project Profitability1,950
Real Estate Business and Other Operations35
Selling, general and administrative expenses-790
Operating profit for FY ended March 20266,579
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Order plan based on construction capacityNew initiatives
- Raise the FY2030 target under the medium- to long-term management plan
- Promote M&A in the construction, civil engineering and real estate sectors
- Increase headcount by approximately 80 employees and strengthen recruitment toward FY2030
- Build an AI partner through the introduction of AI technology to DXS
- Personnel initiatives including base-pay increases, higher allowances and share-based compensation (ESOP)
Key KPIsA metric the company considers important as a management benchmark.
- Orders received¥154,357 millionYear on year against the same period last year+34.5%
- Equity ratio42.3 %Year on year against the same period last year+0.9 percentage points
- PBR1.44 times
- ROE15.8 %
- Scope 1 and 2 emissions7,264.2 t-CO2Year on year against the same period last yearIncreased
- Percentage of female managers8.9 %Year on year against the same period last yearIncreased
Segment results
Net Sales
Condominiums58,156
General construction40,298
Renewals5,780
Other1,319
Medium-term management plan targets
Target fiscal yearFY2030
Net Sales¥140 billion
Operating profitAt least ¥8.4 billion
Operating profit margin6.0% or higher
Change from the initial planRevenue: +¥40 billion; operating profit: +¥3.4 billion; operating margin: +1.0 percentage point
Financial targets
P/B ratio targetMore than 1x
ROE targetA level exceeding the Company's assumed cost of equity, at least 12.0%
Actual results
PBR1.44
ROE15.8
Orders received and order backlog
Orders received
¥154,357 million
Order backlog
¥179,939 million
Number of employees
Number of Employees605 employees (FY2025), 687 employees (FY2030 plan)
Change during the period+82 employees (from FY2025 to FY2030)
Hiring planAt least 40 hires annually (including at least 5 mid-career hires)
Annual Dividend
¥186
Interim93
End of period93
FY3/26 results183
Payout ratio
Not disclosed (policy of a total payout ratio of at least 50% and DOE of at least 4%)Acquisition of treasury shares
¥744 million (treasury shares under financing cash flow)
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥105,554 million (YoY +18.6%) |
| Operating profit | ¥6,579 million (YoY +78.0%) |
| Net income | ¥3,800 million (YoY +84.5%) |
| Gross Profit Margin | 11.3% |
| Operating profit margin | 6.2% |
| Selling, general and administrative expenses | Increase of ▲790 |
| Full-year earnings forecast | Orders received ¥110,500 million / Net Sales ¥98,400 million / Operating profit ¥5,750 million / Net income ¥3,860 million / Annual Dividend ¥186 |
| Segment results | Net Sales Condominiums 58,156 / General construction 40,298 / Renewals 5,780 / Other 1,319 / Profit Not disclosed |
| Breakdown of Factors Affecting the Change | Change in operating profit Operating profit for FY ended March 2025 3,695 / Completed construction 1,687 / Project Profitability 1,950 / Real Estate Business and Other Operations 35 / Selling, general and administrative expenses -790 / Operating profit for FY ended March 2026 6,579 |
| Key KPIs | Indicator name Orders received / Value ¥154,357 million / Year on year against the same period last year ¥34.5 million, Indicator name Equity ratio / Value 42.3 % / Year on year against the same period last year +0.9 percentage points, Indicator name PBR / Value 1.44 times / Year on year against the same period last year Not disclosed, Indicator name ROE / Value 15.8 % / Year on year against the same period last year Not disclosed, Indicator name Scope 1 and 2 emissions / Value 7,264.2 t-CO2 / Year on year against the same period last year Increased, Indicator name Percentage of female managers / Value 8.9 % / Year on year against the same period last year Increased |
| Number of employees | Number of Employees 605 employees (FY2025), 687 employees (FY2030 plan) / Change during the period +82 employees (from FY2025 to FY2030) / Hiring plan At least 40 hires annually (including at least 5 mid-career hires) |
| Assumptions Underlying the Business Outlook | Order plan based on construction capacity |
| Medium-term management plan targets | Target fiscal year FY2030 / Net Sales ¥140 billion / Operating profit At least ¥8.4 billion / Operating profit margin 6.0% or higher / Change from the initial plan Revenue: +¥40 billion; operating profit: +¥3.4 billion; operating margin: +1.0 percentage point |
| Financial targets | P/B ratio target More than 1x / ROE target A level exceeding the Company's assumed cost of equity, at least 12.0% / Actual results PBR 1.44 / ROE 15.8 |
| Annual Dividend | ¥186 |
| Payout ratio | Not disclosed (policy of a total payout ratio of at least 50% and DOE of at least 4%) |
| Acquisition of treasury shares | Amount ¥744 million (treasury shares under financing cash flow) / Number of Shares Not disclosed / Period Not disclosed |
| Orders received and order backlog | Orders received ¥154,357 million / Order backlog ¥179,939 million |
| New initiatives | Raise the FY2030 target under the medium- to long-term management plan, Promote M&A in the construction, civil engineering and real estate sectors, Increase headcount by approximately 80 employees and strengthen recruitment toward FY2030, Build an AI partner through the introduction of AI technology to DXS, Personnel initiatives including base-pay increases, higher allowances and share-based compensation (ESOP) |
Items this document does not state (10)
Ordinary incomeResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookCapital 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 increase in operating profit for the fiscal year ended March 2026 was attributed mainly to improved construction profitability and higher revenue. The expected declines in revenue and operating profit for the fiscal year ending March 2027 are attributed to adjustments to orders received and lower revenue, among other factors.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.