Worth reading
56In 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
35.4
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales85,297Millions of yenYear on year -2.2%Progress 46.1%
Operating profit3,921Millions of yenYear on year +35.4%Progress 59.4%
Ordinary income3,623Millions of yenYear on year +19.5%Progress 63.6%
Net income attributable to owners of the parent3,110Millions of yenYear on year +9.8%Progress 49.4%
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¥111.64
Financial position at period-end
Total assets254,672Millions of yen
of which net assets 77,570 Millions of yenEquity ratio 30.3%vs. prior year-end -0.3pt
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 revenueCivil engineering work 43,639 Millions of yen (YoY +0.4%), Building construction work 35,130 Millions of yen (YoY -13.4%), Real estate business 6,246 Millions of yen (YoY +113.0%), Related businesses 124 Millions of yen (YoY -9.5%)
Segment profitCivil engineering work 2,162 Millions of yen (YoY +31.8%), Building construction work 689 Millions of yen (YoY +15.8%), Real estate business 823 Millions of yen (YoY +50.5%), Related businesses 38 Millions of yen (YoY +123.5%)
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%)
Net income6,300 Millions of yen (YoY +25.3%)
Annual Dividend Forecast170 Yen → 115 Yen
Factors Behind Changes in Business Performance
While net sales were below the same period of the previous year due to delays in the progress of building construction and other factors, construction project profitability improved in both civil engineering and building construction, resulting in an increase in gross profit on completed construction contracts.
Disclosure regarding the going concern assumption
None
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNone (0 additions, 0 exclusions)
Material subsequent eventsEffective 1 October 2026, a 2-for-1 stock split of common shares was implemented.
Impairment loss56 Millions of yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 882 Millions of yen, Gain on Sale of Investment Securities 494 Millions of yen / Extraordinary loss Loss on sale of property, plant and equipment 8 Millions of yen, Loss on disposal of fixed assets 1 Millions of yen, Impairment loss 56 Millions of yen, Special repair expenses 70 Millions of yen, Provision for allowance for doubtful accounts 34 Millions of yen
Orders received and order backlogOrders received ¥72,734 million (individual order intake) / Order backlog Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (no information on eligible participants provided)
Issued Shares at Period-End29,947,912
Treasury Shares at Period-End2,083,660
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | 85,297 Millions of yen (YoY -2.2%) |
| Operating profit | 3,921 Millions of yen (YoY +35.4%) |
| Ordinary income | 3,623 Millions of yen (YoY +19.5%) |
| Profit attributable to owners of the parent | 3,110 Millions of yen (YoY +9.8%) |
| Net income per share | ¥111.64 |
| Equity ratio | End of the current fiscal period 30.3 / End of previous period 30.6 |
| Total assets | 254,672 Millions of yen |
| Net assets | 77,570 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%) / Net income 6,300 Millions of yen (YoY +25.3%) |
| Annual Dividend Forecast | 170 Yen → 115 Yen |
| Segment revenue | Civil engineering work 43,639 Millions of yen (YoY +0.4%), Building construction work 35,130 Millions of yen (YoY -13.4%), Real estate business 6,246 Millions of yen (YoY +113.0%), Related businesses 124 Millions of yen (YoY -9.5%) |
| Segment profit | Civil engineering work 2,162 Millions of yen (YoY +31.8%), Building construction work 689 Millions of yen (YoY +15.8%), Real estate business 823 Millions of yen (YoY +50.5%), Related businesses 38 Millions of yen (YoY +123.5%) |
| Orders received and order backlog | Orders received ¥72,734 million (individual order intake) / Order backlog Not disclosed |
| Impairment loss | 56 Millions of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 882 Millions of yen, Gain on Sale of Investment Securities 494 Millions of yen / Extraordinary loss Loss on sale of property, plant and equipment 8 Millions of yen, Loss on disposal of fixed assets 1 Millions of yen, Impairment loss 56 Millions of yen, Special repair expenses 70 Millions of yen, Provision for allowance for doubtful accounts 34 Millions of yen |
| Disclosure regarding the going concern assumption | None |
| 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 | None (0 additions, 0 exclusions) |
| Material subsequent events | Effective 1 October 2026, a 2-for-1 stock split of common shares was implemented. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (no information on eligible participants provided) |
| Issued Shares at Period-End | 29,947,912 |
| Treasury Shares at Period-End | 2,083,660 |
| Factors Behind Changes in Business Performance | While net sales were below the same period of the previous year due to delays in the progress of building construction and other factors, construction project profitability improved in both civil engineering and building construction, resulting in an increase in gross profit on completed construction contracts. |
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 periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesDepreciation and amortization
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.Net sales were below the same period of the previous year due to delays in the progress of building construction and other factors. Meanwhile, construction project profitability improved in both civil engineering and building construction, and the resulting increase in gross profit on completed construction contracts absorbed the increase in selling, general and administrative expenses.
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.