Komori
Earnings presentation1852ASANUMA CORPORATIONConstruction and Materials

Supplementary Financial Results Materials for the Second Quarter of the Fiscal Year Ending March 2027

In the second quarter of the fiscal year ending March 2027, order intake and net sales were below the year-earlier period, while operating profit, ordinary profit and interim net profit increased due to an improved gross profit margin on completed construction projects and lower selling, general and administrative expenses. The full-year earnings forecast is unchanged from the figures announced in May 2026.

Worth reading
50Recurring
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
434
¥ million (year-on-year increase in consolidated operating profit)
Wording
Definitive
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings reportSecond quarter of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥81,778 million-5.9%
Operating profit¥4,976 million+9.6%
Ordinary income¥4,959 million+12.2%
Net income¥3,361 million+9.5%
Selling, general and administrative expenses¥5,352 million
Gross Profit Margin
Rate12.6 %
Year-on-year change (points)1.1 %
Operating profit margin
Rate6.1 %
Year-on-year change (points)0.9 %
Full-year earnings forecast
Orders received
¥165,400 million
Net Sales
¥175,500 million
Gross profit
¥20,260 million
Operating profit
¥7,780 million
Ordinary income
¥7,530 million
Interim net income attributable to owners of the parent
¥5,180 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Consolidated
Orders received78.5%
Net Sales46.6%
Gross profit51.0%
Gross profit on completed construction contracts50.7%
Other profit57.7%
Selling, general and administrative expenses42.9%
Operating profit64.0%
Ordinary income65.9%
Interim net income attributable to owners of the parent64.9%
Individual
Orders received80.8%
Building construction order intake85.8%
Civil engineering order intake56.0%
Net Sales46.7%
Completed construction46.7%
Operating profit64.7%
Ordinary income70.5%
Interim net profit70.5%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Order intake, net sales and each profit metric were broadly in line with the year-earlier period and generally progressed smoothly
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Orders received¥-2,874 million
  • Net sales¥-5,096 million
  • Gross profit¥302 million
  • Selling, general and administrative expenses¥-132 million
  • Operating income¥434 million
  • Ordinary income¥537 million
  • Interim net income attributable to owners of the parent¥290 million
New initiatives
  • T3 International Pte. Ltd. became a consolidated subsidiary effective 16 June 2026
Key KPIsA metric the company considers important as a management benchmark.
  • Orders received¥129,856 million
    Year on year against the same period last year-2.2%
  • Construction contract backlog (non-consolidated)¥290,728 million
    Year on year against the same period last year+21.7%
  • Number of new orders received (non-consolidated)315 Deals
    Year on year against the same period last year-64 cases
  • Number of completed construction projects (non-consolidated)431 Deals
    Year on year against the same period last year-76 cases
Financial targets
ROIC
Actual results for the fiscal year ending March 20267.8%
Full-year plan for the fiscal year ending March 20278.0%
ROE
Actual results for the fiscal year ending March 202610.9%
Full-year plan for the fiscal year ending March 202710.3%
WACC
Actual results for the fiscal year ending March 20264.5%
Full-year plan for the fiscal year ending March 20274.5%
Cost of equity
Actual results for the fiscal year ending March 20265.1%
Full-year plan for the fiscal year ending March 20275.1%
Equity ratio
Second quarter of the fiscal year ending March 202744.9%
Orders received and order backlog
Orders received
¥129,856 million
Construction contract backlog (non-consolidated)
¥290,728 million
Annual Dividend
Annual dividend per share¥45.00
Interim Dividend¥17.00
Payout ratio
70.1%
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings report
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥81,778 million (YoY -5.9%)
Operating profit¥4,976 million (YoY +9.6%)
Ordinary income¥4,959 million (YoY +12.2%)
Net income¥3,361 million (YoY +9.5%)
Gross Profit MarginRate 12.6 % / Year-on-year change (points) 1.1 %
Operating profit marginRate 6.1 % / Year-on-year change (points) 0.9 %
Selling, general and administrative expenses¥5,352 million
Full-year earnings forecastOrders received ¥165,400 million / Net Sales ¥175,500 million / Gross profit ¥20,260 million / Operating profit ¥7,780 million / Ordinary income ¥7,530 million / Interim net income attributable to owners of the parent ¥5,180 million
Progress against full-year forecastConsolidated Orders received 78.5% / Net Sales 46.6% / Gross profit 51.0% / Gross profit on completed construction contracts 50.7% / Other profit 57.7% / Selling, general and administrative expenses 42.9% / Operating profit 64.0% / Ordinary income 65.9% / Interim net income attributable to owners of the parent 64.9% / Individual Orders received 80.8% / Building construction order intake 85.8% / Civil engineering order intake 56.0% / Net Sales 46.7% / Completed construction 46.7% / Operating profit 64.7% / Ordinary income 70.5% / Interim net profit 70.5%
Self-assessment against the planOrder intake, net sales and each profit metric were broadly in line with the year-earlier period and generally progressed smoothly
Breakdown of Factors Affecting the ChangeFactors Orders received / Amount ¥-2,874 million, Factors Net sales / Amount ¥-5,096 million, Factors Gross profit / Amount ¥302 million, Factors Selling, general and administrative expenses / Amount ¥-132 million, Factors Operating income / Amount ¥434 million, Factors Ordinary income / Amount ¥537 million, Factors Interim net income attributable to owners of the parent / Amount ¥290 million
Key KPIsIndicator name Orders received / Value ¥129,856 million / Year on year against the same period last year -2.2%, Indicator name Construction contract backlog (non-consolidated) / Value ¥290,728 million / Year on year against the same period last year +21.7%, Indicator name Number of new orders received (non-consolidated) / Value 315 Deals / Year on year against the same period last year -64 cases, Indicator name Number of completed construction projects (non-consolidated) / Value 431 Deals / Year on year against the same period last year -76 cases
Financial targetsROIC Actual results for the fiscal year ending March 2026 7.8% / Full-year plan for the fiscal year ending March 2027 8.0% / ROE Actual results for the fiscal year ending March 2026 10.9% / Full-year plan for the fiscal year ending March 2027 10.3% / WACC Actual results for the fiscal year ending March 2026 4.5% / Full-year plan for the fiscal year ending March 2027 4.5% / Cost of equity Actual results for the fiscal year ending March 2026 5.1% / Full-year plan for the fiscal year ending March 2027 5.1% / Equity ratio Second quarter of the fiscal year ending March 2027 44.9%
Annual DividendAnnual dividend per share ¥45.00 / Interim Dividend ¥17.00 / Year-end dividend Not disclosed
Payout ratio70.1%
Orders received and order backlogOrders received ¥129,856 million / Construction contract backlog (non-consolidated) ¥290,728 million
New initiativesT3 International Pte. Ltd. became a consolidated subsidiary effective 16 June 2026
Items this document does not state (12)
Results for the three months of the current quarterSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey points of the Q&A

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.

Order intake decreased in domestic civil engineering due to the absence of the large project orders received in the year-earlier period, while net sales in domestic construction decreased due to the absence of the large projects completed in the year-earlier period. Meanwhile, the gross profit margin on completed construction projects improved by 1.1 percentage points year on year, and selling, general and administrative expenses decreased by ¥132 million, mainly due to lower provision for doubtful accounts and related expenses.

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Supplementary Financial Results Materials for the Second Quarter of the Fiscal Year Ending March 2027 | ASANUMA CORPORATION (1852) timely disclosure | Komori