Worth reading
50Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
4.5
% (year-on-year decline in net sales)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales15,562Millions of yenYear on year -4.5%Progress 47.0%
Operating profit951Millions of yenYear on year +4.9%Progress 57.3%
Ordinary income871Millions of yenYear on year +1.6%Progress 58.9%
Net income attributable to owners of the parent573Millions of yenYear on year +2.7%Progress 56.7%
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¥32.46
Financial position at period-end
Total assets34,461Millions of yen
of which net assets 13,318 Millions of yenEquity ratio 38.6%vs. prior year-end +1.7pt
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+1,895
Investment-583
Financials-1,506
Net change-194
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).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 period1,756 Millions of yen
Segment revenueCivil Engineering Business 10,174 Millions of yen (YoY -10.6%), Building Construction Business 5,345 Millions of yen (YoY +9.9%), Other 43 Millions of yen
Segment profitCivil Engineering Business 1,823 Millions of yen (YoY -11.9%), Building Construction Business 849 Millions of yen (YoY +73.3%), Other 31 Millions of yen
Outlook and shareholder returns
Full-year earnings forecast
Net Sales33,128 Millions of yen (YoY +2.8%)
Operating profit1,660 Millions of yen (YoY +4.5%)
Ordinary income1,480 Millions of yen (YoY +0.2%)
Net income1,010 Millions of yen (YoY +1.7%)
Revision to Earnings ForecastNone (revision to the latest published earnings forecast: No)
Annual Dividend Forecast22 Yen → 25 Yen（+13.6%）
Factors Behind Changes in Business Performance
Net sales declined due to delays in the progress of some civil engineering projects, while profit increased as a result of ongoing efforts to improve project profitability.
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 consolidationNew 0 / Excluded 0 / Company name Not applicable
Impairment lossNot applicable
Breakdown of extraordinary income (loss)Extraordinary income No / Extraordinary loss No
Depreciation and amortization378 Millions of yen
Orders received and order backlogOrders received 12,136 Millions of yen / Order backlog Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone (対象者：Not disclosed)
Issued Shares at Period-End18,602,244
Treasury Shares at Period-End881,202
| 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 | 15,562 Millions of yen (YoY -4.5%) |
| Operating profit | 951 Millions of yen (YoY +4.9%) |
| Ordinary income | 871 Millions of yen (YoY +1.6%) |
| Profit attributable to owners of the parent | 573 Millions of yen (YoY +2.7%) |
| Net income per share | ¥32.46 |
| Equity ratio | End of the current fiscal period 38.6 / End of previous period 36.9 |
| Total assets | 34,461 Millions of yen |
| Net assets | 13,318 Millions of yen |
| Cash flows from operating activities | 1,895 Millions of yen |
| Cash flows from investing activities | -583 Millions of yen |
| Cash flows from financing activities | -1,506 Millions of yen |
| Cash and cash equivalents at end of period | 1,756 Millions of yen |
| Full-year earnings forecast | Net Sales 33,128 Millions of yen (YoY +2.8%) / Operating profit 1,660 Millions of yen (YoY +4.5%) / Ordinary income 1,480 Millions of yen (YoY +0.2%) / Net income 1,010 Millions of yen (YoY +1.7%) |
| Revision to Earnings Forecast | None (revision to the latest published earnings forecast: No) |
| Annual Dividend Forecast | 22 Yen → 25 Yen（+13.6%） |
| Segment revenue | Civil Engineering Business 10,174 Millions of yen (YoY -10.6%), Building Construction Business 5,345 Millions of yen (YoY +9.9%), Other 43 Millions of yen |
| Segment profit | Civil Engineering Business 1,823 Millions of yen (YoY -11.9%), Building Construction Business 849 Millions of yen (YoY +73.3%), Other 31 Millions of yen |
| Orders received and order backlog | Orders received 12,136 Millions of yen / Order backlog Not disclosed |
| Depreciation and amortization | 378 Millions of yen |
| Impairment loss | Not applicable |
| Breakdown of extraordinary income (loss) | Extraordinary income No / Extraordinary loss No |
| 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 | New 0 / Excluded 0 / Company name Not applicable |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 18,602,244 |
| Treasury Shares at Period-End | 881,202 |
| Factors Behind Changes in Business Performance | Net sales declined due to delays in the progress of some civil engineering projects, while profit increased as a result of ongoing efforts to improve project profitability. |
Items this document does not state (5)
Operating MarginPayout ratioShareholder Return PolicyRegional salesMaterial subsequent events
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.Net sales declined due to delays in the progress of some civil engineering projects. Profit increased as a result of ongoing efforts to improve project profitability. The full-year forecast reflects the first-half upside resulting from differences in the timing of revenue recognition and does not represent a revision to the full-year forecast as a whole.
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.