Worth reading
58In 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
62.5
% (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales179,825Millions of yenYear on year -2.9%Progress 97.2%
Operating profit5,622Millions of yenYear on year +62.5%Progress 85.2%
Ordinary income5,873Millions of yenYear on year +94.1%Progress 103.0%
Net income attributable to owners of the parent5,029Millions of yenYear on year +46.7%
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¥361.03
Operating MarginCurrent fiscal year 3.1 ％ / Previous period 1.9 ％
Financial position at period-end
Total assets255,907Millions of yen
of which net assets 78,746 Millions of yenEquity ratio 30.6%vs. prior year-end -0.4pt
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-13,889
Investment+3,825
Financials+18,013
Net change+7,949
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).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 period24,769 Millions of yen
Segment revenueCivil engineering work 91,165 Millions of yen (YoY +2.4%), Construction work 84,080 Millions of yen (YoY -7.7%), Real Estate Business 5,242 Millions of yen (YoY +9.9%), Related businesses 3,499 Millions of yen (YoY +3.4%)
Segment profitCivil engineering work 3,583 Millions of yen (YoY +2.5%), Construction work 1,030 Millions of yen, Real Estate Business 706 Millions of yen (YoY +8.9%), Related businesses 142 Millions of yen (YoY +1.4%)
Regional sales175,457 Millions of yen, 4,367 Millions of yen
Outlook and shareholder returns
Full-year earnings forecast
Net Sales185,000 Millions of yen (YoY +2.9%)
Operating profit6,600 Millions of yen (YoY +17.4%)
Ordinary income5,700 Millions of yen (YoY -3.0%)
Profit attributable to owners of the parent6,300 Millions of yen (YoY +25.3%)
Annual Dividend Forecast¥170 → ¥223
Payout ratioCurrent fiscal year 47.1 ％ / Next-year forecast 49.3 ％
Shareholder Return PolicyA DOE (dividend-on-equity ratio) of at least 4% will be used as a guideline. Previously, the company used a payout ratio of approximately 50% as a guideline and had a progressive dividend policy as its basic policy.
Factors Behind Changes in Business Performance
The company achieved results on projects including the construction of a new Haneda Airport access line, large-scale terminal station improvement works such as the Shinagawa Station North Exit Plaza, and defense-related construction. It advanced productivity improvements and focused on the railway sector. It also pursued business transformation and greater efficiency through DX, including the introduction of proprietary generative AI and ICT-enabled construction machinery at railway construction sites.
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
Impairment loss714 Millions of yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 38 Millions of yen, Gain on sale of investment securities 2,861 Millions of yen / Extraordinary loss Loss on sale of fixed assets 19 Millions of yen, Provision for allowance for doubtful accounts 349 Millions of yen, Impairment Losses 714 Millions of yen, Settlement Payments 158 Millions of yen, Other 48 Millions of yen
Depreciation and amortization1,067 Millions of yen
Orders received and order backlogOrders received 225,654 Millions of yen (YoY +23.1%) / Order backlog Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (audience: Not disclosed)
Issued Shares at Period-End14,973,956 Shares
Treasury Shares at Period-End1,043,029 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 | 179,825 Millions of yen (YoY -2.9%) |
| Operating profit | 5,622 Millions of yen (YoY +62.5%) |
| Ordinary income | 5,873 Millions of yen (YoY +94.1%) |
| Profit attributable to owners of the parent | 5,029 Millions of yen (YoY +46.7%) |
| Net income per share | ¥361.03 |
| Operating Margin | Current fiscal year 3.1 ％ / Previous period 1.9 ％ |
| Equity ratio | End of the current fiscal period 30.6 ％ / End of previous period 31 ％ |
| Total assets | 255,907 Millions of yen |
| Net assets | 78,746 Millions of yen |
| Cash flows from operating activities | -13,889 Millions of yen |
| Cash flows from investing activities | 3,825 Millions of yen |
| Cash flows from financing activities | 18,013 Millions of yen |
| Cash and cash equivalents at end of period | 24,769 Millions of yen |
| Full-year earnings forecast | Net Sales 185,000 Millions of yen (YoY +2.9%) / Operating profit 6,600 Millions of yen (YoY +17.4%) / Ordinary income 5,700 Millions of yen (YoY -3.0%) / Profit attributable to owners of the parent 6,300 Millions of yen (YoY +25.3%) |
| Annual Dividend Forecast | ¥170 → ¥223 |
| Payout ratio | Current fiscal year 47.1 ％ / Next-year forecast 49.3 ％ |
| Shareholder Return Policy | A DOE (dividend-on-equity ratio) of at least 4% will be used as a guideline. Previously, the company used a payout ratio of approximately 50% as a guideline and had a progressive dividend policy as its basic policy. |
| Segment revenue | Civil engineering work 91,165 Millions of yen (YoY +2.4%), Construction work 84,080 Millions of yen (YoY -7.7%), Real Estate Business 5,242 Millions of yen (YoY +9.9%), Related businesses 3,499 Millions of yen (YoY +3.4%) |
| Segment profit | Civil engineering work 3,583 Millions of yen (YoY +2.5%), Construction work 1,030 Millions of yen, Real Estate Business 706 Millions of yen (YoY +8.9%), Related businesses 142 Millions of yen (YoY +1.4%) |
| Regional sales | 175,457 Millions of yen, 4,367 Millions of yen |
| Orders received and order backlog | Orders received 225,654 Millions of yen (YoY +23.1%) / Order backlog Not disclosed |
| Depreciation and amortization | 1,067 Millions of yen |
| Impairment loss | 714 Millions of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 38 Millions of yen, Gain on sale of investment securities 2,861 Millions of yen / Extraordinary loss Loss on sale of fixed assets 19 Millions of yen, Provision for allowance for doubtful accounts 349 Millions of yen, Impairment Losses 714 Millions of yen, Settlement Payments 158 Millions of yen, Other 48 Millions of yen |
| 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 |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (audience: Not disclosed) |
| Issued Shares at Period-End | 14,973,956 Shares |
| Treasury Shares at Period-End | 1,043,029 Shares |
| Factors Behind Changes in Business Performance | The company achieved results on projects including the construction of a new Haneda Airport access line, large-scale terminal station improvement works such as the Shinagawa Station North Exit Plaza, and defense-related construction. It advanced productivity improvements and focused on the railway sector. It also pursued business transformation and greater efficiency through DX, including the introduction of proprietary generative AI and ICT-enabled construction machinery at railway construction sites. |
Items this document does not state (3)
Revision to Earnings ForecastChanges in the scope of consolidationMaterial subsequent events
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 successful performance on projects including large-scale terminal station improvement works and defense-related construction, as well as productivity improvements and a focus on the railway sector. It also cited greater operational efficiency through the introduction of generative AI and ICT-enabled construction machinery. No direct reason for the decline in net sales was specified.
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.