Worth reading
76Important
Scored from 2 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
12587
¥ million (variance from the initial sales plan)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥63,290 million+24.8%
Operating profit¥3,721 million+30.4%
Ordinary income¥3,814 million+29.3%
Net income¥2,407 million +24.4%net income attributable to owners of the parent
Gross Profit Margin11.9 %
Operating profit margin5.9 %
Selling, general and administrative expenses¥3,804 million
Full-year earnings forecast
Net Sales
¥65,000 million
Operating profit
¥3,200 million
Ordinary income
¥3,250 million
Profit attributable to owners of the parent
¥2,150 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Significantly higher revenue and profit than the initial planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Faster-than-expected progress on large projects
- Additional revenue from design changes and other factors related to large government civil engineering projects
- Steady progress on large private-sector projects
- Impact of higher revenue
- Productivity improvements through appropriate personnel allocation and the use of ICT technologies
- Contracts at appropriate prices
- Decline in gross profit margin due to higher construction costs
- Appropriate control of selling, general and administrative expenses
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Rising Material Prices
- Higher labor costs due to labor shortages
- Crude oil price movements (building materials manufacturing and sales)
- Fewer large projects completed (construction and civil engineering)
- Increase in condominium sales in the Tokyo metropolitan area (real estate)
Segment results
- ConstructionNet Sales¥57,049 millionYear-on-Year Change in Revenue (%)28.4Operating profit¥3,257 million (before deducting adjustments)
- Civil engineeringNet Sales¥32,908 millionYear-on-Year Change in Revenue (%)16Operating profit¥2,187 millionOperating profit year-on-year_pct20
- ConstructionNet Sales¥24,140 millionYear-on-Year Change in Revenue (%)51Operating profit¥1,070 millionOperating profit year-on-year_pct149
- Real EstateNet Sales¥2,426 millionYear-on-Year Change in Revenue (%)-12Operating profit¥227 million (before deducting adjustments)
- Building materials manufacturing and salesNet Sales¥681 millionOperating profit¥120 million (before deducting adjustments)
- OtherNet Sales¥3,132 millionYear-on-Year Change in Revenue (%)12Operating profit¥244 million (before deducting adjustments)
Medium-term management plan targets
Maintain a payout ratio of 30% or more consistently over the long term from the fiscal year ending March 2026 through the fiscal year ending March 2028Number of stores and locations
End of period14 Location
Number of employees
1,005 people
Annual Dividend
Fiscal year ending March 2026
¥120 per share
Fiscal year ending March 2027
¥110 /share forecast
Payout ratio
Fiscal year ending March 202632.8
Fiscal year ending March 202733.6
Medium-term management plan targetsAt least 30%
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥63,290 million (YoY +24.8%) |
| Operating profit | ¥3,721 million (YoY +30.4%) |
| Ordinary income | ¥3,814 million (YoY +29.3%) |
| Net income | ¥2,407 million (net income attributable to owners of the parent) (YoY +24.4%) |
| Gross Profit Margin | 11.9 % |
| Operating profit margin | 5.9 % |
| Selling, general and administrative expenses | ¥3,804 million |
| Full-year earnings forecast | Net Sales ¥65,000 million / Operating profit ¥3,200 million / Ordinary income ¥3,250 million / Profit attributable to owners of the parent ¥2,150 million |
| Self-assessment against the plan | Significantly higher revenue and profit than the initial plan |
| Segment results | Segment Construction / Net Sales ¥57,049 million / Year-on-Year Change in Revenue (%) 28.4 / Operating profit ¥3,257 million (before deducting adjustments), Segment Civil engineering / Net Sales ¥32,908 million / Year-on-Year Change in Revenue (%) 16 / Operating profit ¥2,187 million / Operating profit year-on-year_pct 20, Segment Construction / Net Sales ¥24,140 million / Year-on-Year Change in Revenue (%) 51 / Operating profit ¥1,070 million / Operating profit year-on-year_pct 149, Segment Real Estate / Net Sales ¥2,426 million / Year-on-Year Change in Revenue (%) -12 / Operating profit ¥227 million (before deducting adjustments), Segment Building materials manufacturing and sales / Net Sales ¥681 million / Operating profit ¥120 million (before deducting adjustments), Segment Other / Net Sales ¥3,132 million / Year-on-Year Change in Revenue (%) 12 / Operating profit ¥244 million (before deducting adjustments) |
| Breakdown of Factors Affecting the Change | Faster-than-expected progress on large projects, Additional revenue from design changes and other factors related to large government civil engineering projects, Steady progress on large private-sector projects, Impact of higher revenue, Productivity improvements through appropriate personnel allocation and the use of ICT technologies, Contracts at appropriate prices, Decline in gross profit margin due to higher construction costs, Appropriate control of selling, general and administrative expenses |
| Number of stores and locations | End of period 14 Location / Number of store openings and closures during the period Not disclosed |
| Number of employees | 1,005 people |
| Assumptions Underlying the Business Outlook | Rising Material Prices, Higher labor costs due to labor shortages, Crude oil price movements (building materials manufacturing and sales), Fewer large projects completed (construction and civil engineering), Increase in condominium sales in the Tokyo metropolitan area (real estate) |
| Medium-term management plan targets | Maintain a payout ratio of 30% or more consistently over the long term from the fiscal year ending March 2026 through the fiscal year ending March 2028 |
| Annual Dividend | Fiscal year ending March 2026 ¥120 per share / Fiscal year ending March 2027 ¥110 /share (forecast) / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | Fiscal year ending March 2026 32.8 / Fiscal year ending March 2027 33.6 / Medium-term management plan targets At least 30% |
Items this document does not state (12)
Results for the three months of the current quarterProgress against full-year forecastKey KPIsUnit price and quantity metricsRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives
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.For the fiscal year ending March 2026, revenue increased due to faster-than-expected progress on large civil engineering and construction projects carried over from the previous fiscal year, additional revenue from design changes and other factors related to large government civil engineering projects, and steady progress on large private-sector construction projects. On the profit side, earnings benefited from the effect of higher revenue, productivity improvements through appropriate personnel allocation and the use of ICT technologies, and contracts priced appropriately to reflect changes in construction costs. For the fiscal year ending March 2027, the Company expects margins to decline due to higher material prices and soaring labor costs resulting from labor shortages.
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.