Increasing Corporate Value Through a High-Profitability Business Structure and Improved Capital Efficiency
First written in FY2016. 5 of 13 entries say "Advanced", first in FY2017. Latest entry: 2026-09-03.
The whole theme swung hardest in 2020: 14 of 68 companies on the "Worse" side.
13 other companies' latest entry also says "Raised".
- 2026-09-03RaisedGovernance
「The Company aims to continuously achieve ROE of at least 8%, exceeding the cost of shareholders’ equity.」
The capital efficiency policy explicitly states the aim of continuously achieving ROE of at least 8%, above the cost of shareholders’ equity. - FY2026AdvancedAnnual report
「In the first year of the "Medium-Term Management Plan (Fiscal 2025–2027)," the core construction business remained firm. As profitability improved through additional orders and cost reductions, consolidated revenue and profit at every level reached record highs.」
For the first year of the fiscal 2025–2027 medium-term management plan, revenue was ¥307,202 million, operating income was ¥15,928 million, ordinary income was ¥25,313 million and net income attributable to owners of the parent was ¥18,360 million, resulting in record consolidated results. ROE excluding special factors was 7.7%, and progress against the targets was regarded as favorable due to selective order acceptance, additional orders and cost reductions. - 2026-05-15AdvancedEarnings
「For the construction business, the full-year order intake forecast is ¥280,000 million, down 20.5% from the previous fiscal year. The full-year consolidated earnings forecast is revenue of ¥304,000 million, down 1.0%; operating income of ¥20,500 million, up 28.7%; ordinary income of ¥20,700 million, down 18.2% due to the reversal of the effect of recording gains on the valuation of foreign exchange contracts as non-operating income in the current consolidated fiscal year; and net income attributable to owners of the parent of ¥15,400 million, down 16.1%.」
Actual results for the fiscal year ending March 2026 and the earnings forecast for the fiscal year ending March 2027 were disclosed, specifying targets for revenue, profit and order intake for the next fiscal year. - FY2025Previous medium-term plan: revenue target achieved, profit targets missed; transition to a new planAnnual report
「Revenue achieved its target as construction orders remained firm and projects in hand progressed steadily. On the profit front, the company made steady progress in strengthening its earnings base through greater operating efficiency, particularly in the construction business, productivity improvements driven by DX, stable recruitment and various initiatives to improve employee motivation. However, the operating income and ordinary income targets were missed because of losses recognized on a specific large domestic civil engineering project in fiscal 2024 and the suspension of commercial operations at the power generation facility of consolidated subsidiary 石狩バイオエナジー(同) following an explosion, among other factors.」
For the final year of the fiscal 2022–2024 medium-term management plan, revenue achieved its target, while operating income, ordinary income and ROE fell short. As the next, third step, the company formulated a medium-term management plan for fiscal 2025–2027. - FY2024AdvancedAnnual report
「Consolidated results: actual results for the fiscal year ended March 2024; numerical targets for the fiscal year ending March 2025. Revenue: ¥288.1 billion; ¥280 billion. Operating income (operating margin): ¥13.7 billion (4.8%); ¥19 billion (6.8%). Ordinary income (ordinary income margin): ¥14.8 billion (5.2%); ¥20 billion (7.1%). ROE: 6.9%; at least 8.0%.」
Compared with the final-year targets of the medium-term management plan, revenue of ¥288.1 billion exceeded the ¥280 billion target. Operating income of ¥13.7 billion, ordinary income of ¥14.8 billion and ROE of 6.9% fell short of their respective targets of ¥19 billion, ¥20 billion and at least 8.0%. The company continued business reform, organizational restructuring, DX, expansion of its real estate business, development of its overseas business platform, biomass power generation and initiatives to utilize human resources. - FY2023RestatedAnnual report
「The results for the current consolidated fiscal year, the first year of the plan, are compared below with the key numerical targets for the plan's final year.」
The company continued its medium-term management plan for fiscal 2022–2024 and compared results for the fiscal year ended March 2023 with targets for the fiscal year ending March 2025. Revenue was ¥249.4 billion against a target of ¥280 billion, operating income was ¥11.8 billion against ¥19 billion, ordinary income was ¥12.9 billion against ¥20 billion, and ROE was 6.6% against a target of at least 8.0%. - FY2022Some medium-term plan targets achieved and others missedAnnual report
「Revenue was broadly in line with the target, supported by resilient construction investment and steady progress on projects in hand. However, the business environment became more challenging as competition for orders intensified and material prices, particularly steel prices, rose sharply, resulting in the operating income and ordinary income targets being missed. ROE achieved its target as a result of reducing cross-shareholdings and acquiring treasury shares. We will continue to pursue management that prioritizes capital efficiency.」
For the 2019–2021 medium-term management plan, revenue broadly met the target, while operating income and ordinary income fell short. ROE achieved its target. - FY2020RestatedAnnual report
「The key numerical targets for the final year of the plan are as follows.」
For the fiscal year ending March 2022, the company specified targets of ¥250 billion in revenue, ¥15 billion in operating income, ¥16 billion in ordinary income and ROE of at least 6.0%. In the first year of the plan, revenue was ¥226.3 billion, operating income was ¥11.5 billion, ordinary income was ¥13.2 billion and ROE was 6.0%. - FY2019RaisedAnnual report
「Target for the fiscal year ending March 2022: Revenue; operating income; ordinary income. Consolidated: ¥250 billion; ¥15 billion; ¥16 billion.」
The new medium-term management plan set targets of ¥250 billion in revenue, ¥15 billion in operating income and ¥16 billion in ordinary income for the fiscal year ending March 2022. These targets exceeded the previous targets for the fiscal year ending March 2019. - FY2019AchievedAnnual report
「Against a stable operating backdrop supported by resilient public investment and a recovery in private-sector capital investment, we achieved all of the numerical targets in the medium-term management plan as a result of efforts to improve productivity and strengthen the brand of the construction business and diversify our earnings base.」
The company stated that it achieved all consolidated and non-consolidated targets for revenue, operating income and ordinary income under the 2016–2018 medium-term management plan. - FY2018AdvancedAnnual report
「The results for the current consolidated fiscal year are as follows when compared with the key numerical targets for the final year of the medium-term management plan, the fiscal year ending March 2019, which was formulated with fiscal 2016 as its first year.」
Consolidated revenue of ¥223.9 billion, operating income of ¥15.8 billion and ordinary income of ¥17.2 billion for the fiscal year ended March 2018 all exceeded the targets for the fiscal year ending March 2019. Although the final target year had not yet arrived, the figures showed concrete progress. - FY2017AdvancedAnnual report
「Target for the fiscal year ending March 2019: Revenue; operating income; ordinary income. Consolidated: ¥220 billion; ¥9.8 billion; ¥10.8 billion. Non-consolidated: ¥215 billion; ¥9.5 billion; ¥10.8 billion.」
For the fiscal year ending March 2019, the final year of the medium-term management plan, the company specified consolidated and non-consolidated targets for revenue, operating income and ordinary income. It stated that the targets would be achieved by improving productivity and strengthening the brand of the construction business and diversifying its earnings base. - FY2016First statedAnnual report
「We formulated a new medium-term management plan aimed at increasing corporate value over the medium to long term by pursuing a highly profitable business structure and improving capital efficiency while maintaining financial soundness. Its basic policy is to "build a robust management foundation by investing management resources to strengthen the profitability of the construction business and expand our business domains, while anticipating changes in the business environment."」
The new medium-term management plan sets out, as an integrated policy, financial soundness, higher profitability, capital efficiency, stronger earnings in the construction business, business-domain expansion and a stronger management foundation.