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
63.8
% (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales138,071¥ millionYear on year +24.9%Progress 92.0%
Operating profit5,375¥ millionYear on year +63.8%Progress 137.8%
Ordinary income5,996¥ millionYear on year +61.0%Progress 142.8%
Net income attributable to owners of the parent4,385¥ millionYear on year +51.0%Progress 151.2%
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¥127.60
Operating MarginFiscal year ended March 2026: 3.9%; fiscal year ended March 2025: 3.0%
Financial position at period-end
Total assets100,783¥ million
of which net assets 51,392 ¥ millionEquity ratio 49.4%vs. prior year-end -3.7pt
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+10,419
Investment+548
Financials-1,922
Net change+9,045
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¥30,803 million
Segment revenueConstruction business・Japan ¥75,500 million (YoY -6.9%), Construction business・Southeast Asia ¥61,054 million (YoY +117.9%), Real estate business・Japan ¥1,369 million (YoY +3.7%), Real estate business・Southeast Asia ¥4 million (YoY +18.1%), Other Businesses ¥148 million (YoY +10.5%)
Segment profitConstruction business・Japan ¥2,202 million (YoY -14.9%), Construction business・Southeast Asia ¥2,447 million, Real estate business・Japan ¥675 million (YoY +2.6%), Real estate business・Southeast Asia ¥0 million (YoY +141.5%), Other Businesses ¥50 million (YoY +62.7%)
Regional sales¥75,500 million (YoY -6.9%), ¥61,054 million (YoY +117.9%), ¥1,369 million (YoY +3.7%), ¥4 million (YoY +18.1%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥150,000 million (YoY +8.6%)
Operating profit¥3,900 million (YoY -27.5%)
Ordinary income¥4,200 million (YoY -30.0%)
Net income¥2,900 million (YoY -33.9%)
Annual Dividend Forecast¥38 → ¥25（-34.2%）
Payout ratioFiscal year ended March 2026: 29.8%; forecast for fiscal year ending March 2027: 29.6%
Factors Behind Changes in Business Performance
Increased construction business revenue, particularly higher revenue in Southeast Asia and improved project profitability. Profit in the domestic construction business declined due to lower revenue and higher operating expenses, among other factors.
Disclosure regarding the going concern assumption
None (the note on the going concern assumption states, “There are no applicable matters.”)
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
Changes in the scope of consolidation0 additions and 0 exclusions (no company names)
Material subsequent eventsNo applicable matters.
Impairment loss¥108 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥3 million, Gain on redemption of investment securities ¥17 million / Extraordinary loss Impairment Losses ¥108 million, Other ¥17 million
Depreciation and amortization¥884 million
Orders received and order backlogOrders received ¥131,264 million / Order backlog ¥148,345 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End34,498,097 shares
Treasury Shares at Period-End134,152 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 | ¥138,071 million (YoY +24.9%) |
| Operating profit | ¥5,375 million (YoY +63.8%) |
| Ordinary income | ¥5,996 million (YoY +61.0%) |
| Profit attributable to owners of the parent | ¥4,385 million (YoY +51.0%) |
| Net income per share | ¥127.60 |
| Operating Margin | Fiscal year ended March 2026: 3.9%; fiscal year ended March 2025: 3.0% |
| Equity ratio | End of the current fiscal period 49.4 / End of previous period 53.1 |
| Total assets | ¥100,783 million |
| Net assets | ¥51,392 million |
| Cash flows from operating activities | ¥10,419 million |
| Cash flows from investing activities | ¥548 million |
| Cash flows from financing activities | ¥-1,922 million |
| Cash and cash equivalents at end of period | ¥30,803 million |
| Full-year earnings forecast | Net Sales ¥150,000 million (YoY +8.6%) / Operating profit ¥3,900 million (YoY -27.5%) / Ordinary income ¥4,200 million (YoY -30.0%) / Net income ¥2,900 million (YoY -33.9%) |
| Annual Dividend Forecast | ¥38 → ¥25（-34.2%） |
| Payout ratio | Fiscal year ended March 2026: 29.8%; forecast for fiscal year ending March 2027: 29.6% |
| Segment revenue | Construction business・Japan ¥75,500 million (YoY -6.9%), Construction business・Southeast Asia ¥61,054 million (YoY +117.9%), Real estate business・Japan ¥1,369 million (YoY +3.7%), Real estate business・Southeast Asia ¥4 million (YoY +18.1%), Other Businesses ¥148 million (YoY +10.5%) |
| Segment profit | Construction business・Japan ¥2,202 million (YoY -14.9%), Construction business・Southeast Asia ¥2,447 million, Real estate business・Japan ¥675 million (YoY +2.6%), Real estate business・Southeast Asia ¥0 million (YoY +141.5%), Other Businesses ¥50 million (YoY +62.7%) |
| Regional sales | ¥75,500 million (YoY -6.9%), ¥61,054 million (YoY +117.9%), ¥1,369 million (YoY +3.7%), ¥4 million (YoY +18.1%) |
| Orders received and order backlog | Orders received ¥131,264 million / Order backlog ¥148,345 million |
| Depreciation and amortization | ¥884 million |
| Impairment loss | ¥108 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥3 million, Gain on redemption of investment securities ¥17 million / Extraordinary loss Impairment Losses ¥108 million, Other ¥17 million |
| Disclosure regarding the going concern assumption | None (the note on the going concern assumption states, “There are no applicable matters.”) |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | 0 additions and 0 exclusions (no company names) |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts and institutional investors) |
| Issued Shares at Period-End | 34,498,097 shares |
| Treasury Shares at Period-End | 134,152 shares |
| Factors Behind Changes in Business Performance | Increased construction business revenue, particularly higher revenue in Southeast Asia and improved project profitability. Profit in the domestic construction business declined due to lower revenue and higher operating expenses, among other factors. |
Items this document does not state (2)
Revision to Earnings ForecastShareholder Return Policy
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 domestic construction business reported lower profit due to a decrease in net sales and an increase in operating expenses, while the Southeast Asian construction business reported higher profit due to increased net sales and improved project profitability. The real estate business and other businesses also reported higher profit, mainly due to increased net sales.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.