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Nishimatsu Construction (1820) · TargetReframed

Transformation into an integrated capabilities company under Medium-Term Management Plan 2023

First written in FY2021. 4 of 10 entries say "Reframed", first in FY2023. Latest entry: FY2026.

10entries
6years
2from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2021RestatedFY2024-Q1 – FY2024-Q3RestatedFY2025-H12021: 120212022: 020222023: 320232024: 320242025: 020252026: 32026
Same theme, other companies
Capital Efficiency, Financial Strength and Shareholder Return Targets Based on Multiple Financial MetricsA theme 146 companies write about · 2 as a headwind · 164 as a tailwind

Nishimatsu Construction moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).

24 other companies' latest entry also says "Reframed".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 146 companies compared. The sentences above are computed from all 146.
Full recordFilings, disclosures and news, newest first
  1. FY2026ReframedAnnual report

    「The basic policies of Medium-Term Management Plan 2028 are “creating new earnings foundations through proactive investment and M&A,” “establishing mechanisms to attract, develop and support the success of human resources,” “improving company-wide efficiency through DX” and “transforming into an efficient organization through AI.”」

    The company transitioned from Medium-Term Management Plans 2023 and 2025 to Medium-Term Management Plan 2028, setting targets for fiscal 2028 of revenue of ¥500 billion, operating profit of ¥35 billion, ROE of approximately 11%, an equity ratio of approximately 35% and a D/E ratio of approximately 1.0x.
  2. FY2025-H1RestatedAnnual report

    「During the six months ended the interim period, there were no material changes to the management policies, management strategies or other matters established by our group, or to the business and financial issues that should be addressed as a priority.」

    No material changes were identified in the management policies, management strategies, including Medium-Term Management Plan 2025, or issues to be addressed.
  3. FY2024RaisedAnnual report

    「The plan figures for the final year of Medium-Term Management Plan 2025 have been revised, and the figures above reflect the revised plan.」

    In light of progress on plans to improve profitability in the domestic building construction business and the international civil engineering business, the company revised its fiscal 2025 plan to revenue of ¥415 billion, operating profit of ¥25 billion, ROE of 10%, an equity ratio of approximately 30% and a D/E ratio of approximately 1.5x.
  4. FY2024-Q3RestatedAnnual report

    「During the nine months ended the third quarter, there were no material changes to the management policies, management strategies or other matters established by our group, or to the business and financial issues that should be addressed as a priority.」

    No material changes were identified in the management policies, management strategies, including Medium-Term Management Plan 2025, or issues to be addressed.
  5. FY2024-Q2RestatedAnnual report

    「During the six months ended the second quarter, there were no material changes to the management policies, management strategies or other matters established by our group, or to the business and financial issues that should be addressed as a priority.」

    No material changes were identified in the management policies, management strategies, including Medium-Term Management Plan 2025, or issues to be addressed.
  6. FY2024-Q1RestatedAnnual report

    「There were no material changes during the cumulative first-quarter period of the current consolidated fiscal year to the management policies and strategies established by the Group or to the business and financial issues that it should address as a priority.」

    No material changes were identified in the management policies, management strategies, including Medium-Term Management Plan 2025, or issues to be addressed.
  7. FY2023Review brought forward to Medium-Term Management Plan 2025Annual report

    「As domestic building construction margins were not expected to recover to the level initially assumed even in fiscal 2023, the final year of Medium-Term Management Plan 2023, making it difficult to achieve the plan's targets, the company conducted a review 1 year ahead of schedule and announced Medium-Term Management Plan 2025 in February 2023.」

    The company reviewed Medium-Term Management Plan 2023 1 year ahead of schedule and transitioned to Medium-Term Management Plan 2025. The fiscal 2025 plan set revenue at ¥370 billion, operating profit at ¥22 billion, ROE at 8% or higher, the equity ratio at approximately 30%, the D/E ratio at approximately 1.5x and the consolidated dividend payout ratio at 70%.
  8. FY2021First statedAnnual report

    「Under this plan, during the “transformation into a comprehensive capabilities company” phase, we will continue efficient growth investment based on the foundation built over the past 3 years and aim to achieve sustained growth in corporate value.」

    The company newly announced Medium-Term Management Plan 2023, covering fiscal 2021 through fiscal 2023. Its targets for fiscal 2023 included consolidated revenue of ¥400 billion, consolidated operating profit of ¥32 billion, ROE of at least 12%, an equity ratio of approximately 40%, a D/E ratio of 0.8x, a consolidated dividend payout ratio of at least 70% and share buybacks of at least ¥20 billion over 3 years. Collaboration among businesses, decarbonization, cross-industry partnerships and growth investment were identified as basic policies.
Moved together

"Risk of higher construction-material prices and labor costs" moved the same way as this thread, in the same document, in 4 of its 10 moves.

444332★123456
  1. ★This thread
  2. 1Risk of higher construction-material prices and labor costs4×
  3. 2Transformation into an integrated capabilities company under Nishimatsu Vision 20274×
  4. 3Building a stable profit structure and managing country risk in the international construction business4×
  5. 4Risk of contraction in the construction market driven by public investment and private capital spending3×
  6. 5Increase in Net Assets and Higher Equity Ratio3×
  7. 6Creating new businesses through the New Business Division2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Nishimatsu Construction yet. It last moved in the General Meetings of Shareholders of 2026-05-27: "Reframed".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Transformation into an integrated capabilities company under Medium-Term Management Plan 2023 | Nishimatsu Construction Co.,Ltd. (1820) | Komori