Worth reading
55In 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
-7.9
%Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales67,913¥ millionYear on year +3.4%Progress 40.7%
Operating profit5,774¥ millionYear on year -7.9%Progress 32.1%
Ordinary income6,157¥ millionYear on year -7.4%Progress 33.3%
Net income attributable to owners of the parent3,919¥ millionYear on year -12.4%
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¥113.79
Financial position at period-end
Total assets170,315¥ million
of which net assets 134,322 ¥ millionEquity ratio 78.0%vs. prior year-end +12.9pt
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+24,431,148
Investment-2,115,005
Financials-22,834,628
Net change-518,485
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).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¥20,055,951 thousand
Segment revenueCivil Engineering Business ¥45,420 million (YoY -0.6%), Building Business ¥17,279 million (YoY +7.7%), Other ¥5,213 million (YoY +32.0%)
Segment profitCivil Engineering Business ¥3,413 million (YoY -22.0%), Building Business ¥1,596 million (YoY +17.1%), Other ¥757 million (YoY +45.4%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥167,000 million (YoY +2.4%)
Operating profit¥18,000 million (YoY +2.3%)
Ordinary income¥18,500 million (YoY +1.5%)
Profit attributable to owners of the parent¥13,000 million (YoY +1.2%)
Annual Dividend Forecast¥150 → ¥152
Factors Behind Changes in Business Performance
Revenue increased due to steady progress on various carried-over construction projects and higher sales from ancillary businesses. Operating profit was ¥5,774 million, down ¥495 million year on year.
Disclosure regarding the going concern assumption
Not applicable
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 consolidationNo material changes (no newly consolidated or excluded companies, or company names, are disclosed)
Material subsequent eventsThe company resolved to acquire the shares of 株式会社プロスタエクセキューション and make it a consolidated subsidiary. The share acquisition is scheduled for 1 December 2026. The consideration is ¥333 million, and the voting rights ratio is 66.6%.
Impairment lossNone (impairment loss on fixed assets)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥16,570 thousand / Extraordinary loss Loss on sale of fixed assets ¥10 thousand, Loss on disposal of non-current assets ¥11,075 thousand, Provision for losses related to the Antimonopoly Act ¥131,130 thousand
Depreciation and amortization¥1,638,636 thousand
Orders received and order backlogOrders received ¥69,071 million / Order backlog carried forward to the next period ¥114,462 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End36,100,000
Treasury Shares at Period-End1,652,516
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | ¥67,913 million (YoY +3.4%) |
| Operating profit | ¥5,774 million (YoY -7.9%) |
| Ordinary income | ¥6,157 million (YoY -7.4%) |
| Profit attributable to owners of the parent | ¥3,919 million (YoY -12.4%) |
| Net income per share | ¥113.79 |
| Equity ratio | End of the current fiscal period 78 / End of previous period 65.1 |
| Total assets | ¥170,315 million |
| Net assets | ¥134,322 million |
| Cash flows from operating activities | ¥24,431,148 thousand |
| Cash flows from investing activities | ¥-2,115,005 thousand |
| Cash flows from financing activities | ¥-22,834,628 thousand |
| Cash and cash equivalents at end of period | ¥20,055,951 thousand |
| Full-year earnings forecast | Net Sales ¥167,000 million (YoY +2.4%) / Operating profit ¥18,000 million (YoY +2.3%) / Ordinary income ¥18,500 million (YoY +1.5%) / Profit attributable to owners of the parent ¥13,000 million (YoY +1.2%) |
| Annual Dividend Forecast | ¥150 → ¥152 |
| Segment revenue | Civil Engineering Business ¥45,420 million (YoY -0.6%), Building Business ¥17,279 million (YoY +7.7%), Other ¥5,213 million (YoY +32.0%) |
| Segment profit | Civil Engineering Business ¥3,413 million (YoY -22.0%), Building Business ¥1,596 million (YoY +17.1%), Other ¥757 million (YoY +45.4%) |
| Orders received and order backlog | Orders received ¥69,071 million / Order backlog carried forward to the next period ¥114,462 million |
| Depreciation and amortization | ¥1,638,636 thousand |
| Impairment loss | None (impairment loss on fixed assets) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥16,570 thousand / Extraordinary loss Loss on sale of fixed assets ¥10 thousand, Loss on disposal of non-current assets ¥11,075 thousand, Provision for losses related to the Antimonopoly Act ¥131,130 thousand |
| Disclosure regarding the going concern assumption | Not applicable |
| 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 | No material changes (no newly consolidated or excluded companies, or company names, are disclosed) |
| Material subsequent events | The company resolved to acquire the shares of 株式会社プロスタエクセキューション and make it a consolidated subsidiary. The share acquisition is scheduled for 1 December 2026. The consideration is ¥333 million, and the voting rights ratio is 66.6%. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 36,100,000 |
| Treasury Shares at Period-End | 1,652,516 |
| Factors Behind Changes in Business Performance | Revenue increased due to steady progress on various carried-over construction projects and higher sales from ancillary businesses. Operating profit was ¥5,774 million, down ¥495 million year on year. |
Items this document does not state (5)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional sales
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 company explained that revenue increased due to steady progress on various carried-over construction projects and higher sales from ancillary businesses. No overall primary reason was specified for the decline in profit.
How to read this page
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