Worth reading
63In 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
89.4
% (year-on-year change in operating income for the interim period)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales219,107¥ millionYear on year +23.6%Progress 49.8%
Operating profit17,660¥ millionYear on year +89.4%Progress 58.9%
Ordinary income16,756¥ millionYear on year +91.1%Progress 59.8%
Net income attributable to owners of the parent11,368¥ millionYear on year +76.0%Progress 52.9%
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¥287.91
Financial position at period-end
Total assets681,446¥ million
of which net assets 207,148 ¥ millionEquity ratio 29.1%vs. prior year-end +0.7pt
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+21,591
Investment-11,576
Financials-4,330
Net change+5,685
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).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 period¥53,243 million
Segment revenueCivil Engineering Business ¥62,589 million (YoY +12.3%), Building Construction Business ¥118,173 million (YoY +18.1%), International Business ¥19,697 million (YoY +35.0%), Environment and urban development business ¥20,693 million (YoY +158.9%)
Segment profitCivil Engineering Business ¥4,035 million (YoY +34.3%), Building Construction Business ¥11,956 million (YoY +105.2%), International Business ¥-749 million, Environment and urban development business ¥2,089 million (YoY +215.3%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥440,000 million (YoY +11.1%)
Operating profit¥30,000 million (YoY +7.0%)
Ordinary income¥28,000 million (YoY +2.2%)
Net income¥21,500 million (YoY -10.7%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥440,000 million / Operating profit Not disclosed → ¥30,000 million / Ordinary income Not disclosed → ¥28,000 million / Net income Not disclosed → ¥21,500 million
Annual Dividend Forecast¥230 → ¥250（+8.7%）
Factors Behind Changes in Business Performance
Construction business order intake increased due to higher domestic construction orders. Revenue increased due to growth in domestic and overseas construction work and the real estate business, among others. Operating income increased due to higher gross profit on completed domestic construction contracts and higher gross profit from the real estate business, among other factors.
Disclosure regarding the going concern assumption
No applicable matters ("There are no applicable matters")
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 consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsAt a meeting of the Board of Directors held on 30 October 2026, the Company adopted a comprehensive resolution to issue domestic unsecured straight bonds with a total principal amount of up to ¥20 billion and maturities of up to 5 years during the period from 1 November 2026 to 31 March 2027. The intended use of the proceeds is the redemption of bonds and related purposes.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥15 million, Gain on refund of golf club membership deposits ¥4 million / Extraordinary loss Loss on sale of non-current assets ¥5 million, Loss on disposal of non-current assets ¥18 million, Pneumoconiosis litigation settlement payment ¥20 million, Other ¥0 million
Depreciation and amortization¥2,457 million
Orders received and order backlogOrders received Current interim period ¥220,816 million / yoy_pct ¥103 million / Full-year forecast ¥430,000 million / Order backlog Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End41,791,502
Treasury Shares at Period-End2,305,687
| 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 | ¥219,107 million (YoY +23.6%) |
| Operating profit | ¥17,660 million (YoY +89.4%) |
| Ordinary income | ¥16,756 million (YoY +91.1%) |
| Profit attributable to owners of the parent | ¥11,368 million (YoY +76.0%) |
| Net income per share | ¥287.91 |
| Equity ratio | End of the current fiscal period 29.1 / End of previous period 28.4 |
| Total assets | ¥681,446 million |
| Net assets | ¥207,148 million |
| Cash flows from operating activities | ¥21,591 million |
| Cash flows from investing activities | ¥-11,576 million |
| Cash flows from financing activities | ¥-4,330 million |
| Cash and cash equivalents at end of period | ¥53,243 million |
| Full-year earnings forecast | Net Sales ¥440,000 million (YoY +11.1%) / Operating profit ¥30,000 million (YoY +7.0%) / Ordinary income ¥28,000 million (YoY +2.2%) / Net income ¥21,500 million (YoY -10.7%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥440,000 million / Operating profit Not disclosed → ¥30,000 million / Ordinary income Not disclosed → ¥28,000 million / Net income Not disclosed → ¥21,500 million |
| Annual Dividend Forecast | ¥230 → ¥250（+8.7%） |
| Segment revenue | Civil Engineering Business ¥62,589 million (YoY +12.3%), Building Construction Business ¥118,173 million (YoY +18.1%), International Business ¥19,697 million (YoY +35.0%), Environment and urban development business ¥20,693 million (YoY +158.9%) |
| Segment profit | Civil Engineering Business ¥4,035 million (YoY +34.3%), Building Construction Business ¥11,956 million (YoY +105.2%), International Business ¥-749 million, Environment and urban development business ¥2,089 million (YoY +215.3%) |
| Orders received and order backlog | Orders received Current interim period ¥220,816 million / yoy_pct ¥103 million / Full-year forecast ¥430,000 million / Order backlog Not disclosed |
| Depreciation and amortization | ¥2,457 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥15 million, Gain on refund of golf club membership deposits ¥4 million / Extraordinary loss Loss on sale of non-current assets ¥5 million, Loss on disposal of non-current assets ¥18 million, Pneumoconiosis litigation settlement payment ¥20 million, Other ¥0 million |
| Disclosure regarding the going concern assumption | No applicable matters ("There are no applicable matters") |
| 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 |
| Material subsequent events | At a meeting of the Board of Directors held on 30 October 2026, the Company adopted a comprehensive resolution to issue domestic unsecured straight bonds with a total principal amount of up to ¥20 billion and maturities of up to 5 years during the period from 1 November 2026 to 31 March 2027. The intended use of the proceeds is the redemption of bonds and related purposes. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 41,791,502 |
| Treasury Shares at Period-End | 2,305,687 |
| Factors Behind Changes in Business Performance | Construction business order intake increased due to higher domestic construction orders. Revenue increased due to growth in domestic and overseas construction work and the real estate business, among others. Operating income increased due to higher gross profit on completed domestic construction contracts and higher gross profit from the real estate business, among other factors. |
Items this document does not state (5)
Operating MarginPayout ratioShareholder Return PolicyRegional salesImpairment loss
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.Order intake increased due to higher domestic construction orders, while revenue grew due to increases in domestic and overseas construction work and the real estate business, among others. Operating income increased mainly due to higher gross profit on completed domestic construction contracts and higher gross profit from the real estate business, among others.
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.