Worth reading
78Important
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
13.5
Year-on-year change in net income attributable to owners of the parent (%)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Briefing materials for use at the financial results briefing, centered on graphs and bullet pointsFiscal year ending March 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥149,370 million+10.1%
Operating profit¥12,932 million+5.0%
Ordinary income¥12,717 million+3.8%
Net income¥9,328 million+13.5%
Gross Profit Margin16.6 %
Operating profit margin8.7 %
Full-year earnings forecast
Orders received
¥141,350 million
Net Sales
¥142,600 million
Gross profit
¥23,000 million
Operating profit
¥10,800 million
Ordinary income
¥10,600 million
Net income
¥7,800 million
Annual Dividend
¥101
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Gross profit¥1,721 million
- Selling, general and administrative expenses¥-1,104 million
- Non-operating Income¥17 million
- Non-Operating Expenses¥-169 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Public works expenditure¥6.1 trillion
- National Resilience budget¥4.1 trillion
- Year-on-year change in the National Resilience budget1 %
- Construction backlog1,862 Hundred millions of yen
- Fiscal 2026 order outlook for large-scale renewal and repair projects216 Hundred millions of yen
New initiatives
- Promote the introduction of digital tools and technologies for construction management
- Pilot front-loading through the use of BIM at the Company's construction sites
- Establish a department specializing in Ministry of Defense projects in the Kyushu and Okinawa regions at the Kyushu Branch
- Establish a new department specializing in renovation at the Tokyo Architectural Branch
- Adopt steamless precast concrete (SLPC)
- Develop the UB-WALL construction method
- Collaborate with Taisei Corporation in technology and sales
Key KPIsA metric the company considers important as a management benchmark.
- Orders received¥148,711 millionYear on year against the same period last year+4.6%
- Construction backlog1,862 Hundred millions of yenYear on year against the same period last yearRecord-high level
- Order share of large-scale renewal and repair projects15 %
- Employee turnover rate10 % or lowerYear on year against the same period last yearMaintained
- Reduction in SLPC CO2 emissions12 %
Segment results
Civil Engineering Business
Orders received
¥85,948 million+22.9%
Net Sales
¥75,814 million+10.5%
Gross profit
¥14,162 million+7.5%
Building Construction
Orders received
¥53,011 million-10.1%
Net Sales
¥62,905 million+19.0%
Gross profit
¥5,952 million+16.3%
Affiliated company business
Orders received
¥23,504 million-20.1%
Net Sales
¥24,925 million-2.8%
Gross profit
¥4,488 million-4.8%
Other Businesses
Orders received
¥389 million-3.5%
Net Sales
¥406 million+0.6%
Gross profit
¥126 million+5.4%
Medium-term management plan targets
ROEAt least 10.0%
Equity ratio40〜50％
Debt-to-equity ratio0.5x or less
PBR1.0x
Payout ratio60% or more
Cumulative investment over 3 years¥16 billion
Target fiscal yearMedium-Term Management Plan 2025
Financial targets
ROE
TargetAt least 10.0%
Actual results15.1 %
Equity ratio
Target40〜50％
Actual results46 %
Debt-to-equity ratio
Target0.5x or less
Actual results0.43 times
PBR
Target1 times
Actual results1.93 times
Market Size / Share
Order share of large-scale renewal and repair projects
15 %
Public works expenditure
¥6.1 trillion
National Resilience
¥4.1 trillion
Orders received and order backlog
Orders received
¥148,711 million
Order backlog
1,862 Hundred millions of yen
Annual Dividend
Annual
¥120
Interim
¥40
Payout ratio
60.2 %
| Item | Details |
|---|---|
| Document type | Briefing materials for use at the financial results briefing, centered on graphs and bullet points |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥149,370 million (YoY +10.1%) |
| Operating profit | ¥12,932 million (YoY +5.0%) |
| Ordinary income | ¥12,717 million (YoY +3.8%) |
| Net income | ¥9,328 million (YoY +13.5%) |
| Gross Profit Margin | 16.6 % |
| Operating profit margin | 8.7 % |
| Full-year earnings forecast | Orders received ¥141,350 million / Net Sales ¥142,600 million / Gross profit ¥23,000 million / Operating profit ¥10,800 million / Ordinary income ¥10,600 million / Net income ¥7,800 million / Annual Dividend ¥101 |
| Segment results | Civil Engineering Business Orders received ¥85,948 million (YoY +22.9%) / Net Sales ¥75,814 million (YoY +10.5%) / Gross profit ¥14,162 million (YoY +7.5%) / Building Construction Orders received ¥53,011 million (YoY -10.1%) / Net Sales ¥62,905 million (YoY +19.0%) / Gross profit ¥5,952 million (YoY +16.3%) / Affiliated company business Orders received ¥23,504 million (YoY -20.1%) / Net Sales ¥24,925 million (YoY -2.8%) / Gross profit ¥4,488 million (YoY -4.8%) / Other Businesses Orders received ¥389 million (YoY -3.5%) / Net Sales ¥406 million (YoY +0.6%) / Gross profit ¥126 million (YoY +5.4%) |
| Breakdown of Factors Affecting the Change | Factors Gross profit / Amount ¥1,721 million, Factors Selling, general and administrative expenses / Amount ¥-1,104 million, Factors Non-operating Income / Amount ¥17 million, Factors Non-Operating Expenses / Amount ¥-169 million |
| Key KPIs | Indicator name Orders received / Value ¥148,711 million / Year on year against the same period last year ¥4.6 million, Indicator name Construction backlog / Value 1,862 Hundred millions of yen / Year on year against the same period last year Record-high level, Indicator name Order share of large-scale renewal and repair projects / Value 15 % / Year on year against the same period last year Not disclosed, Indicator name Employee turnover rate / Value 10 % or lower / Year on year against the same period last year Maintained, Indicator name Reduction in SLPC CO2 emissions / Value 12 % / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Item Public works expenditure / Value ¥6.1 trillion, Item National Resilience budget / Value ¥4.1 trillion, Item Year-on-year change in the National Resilience budget / Value 1 %, Item Construction backlog / Value 1,862 Hundred millions of yen, Item Fiscal 2026 order outlook for large-scale renewal and repair projects / Value 216 Hundred millions of yen |
| Medium-term management plan targets | ROE At least 10.0% / Equity ratio 40〜50％ / Debt-to-equity ratio 0.5x or less / PBR 1.0x / Payout ratio 60% or more / Cumulative investment over 3 years ¥16 billion / Target fiscal year Medium-Term Management Plan 2025 |
| Financial targets | ROE Target At least 10.0% / Actual results 15.1 % / Equity ratio Target 40〜50％ / Actual results 46 % / Debt-to-equity ratio Target 0.5x or less / Actual results 0.43 times / PBR Target 1 times / Actual results 1.93 times |
| Annual Dividend | Annual ¥120 / Interim ¥40 / End of period Not disclosed |
| Payout ratio | 60.2 % |
| Orders received and order backlog | Orders received ¥148,711 million / Order backlog 1,862 Hundred millions of yen |
| Market Size / Share | Order share of large-scale renewal and repair projects 15 % / Public works expenditure ¥6.1 trillion / National Resilience ¥4.1 trillion |
| New initiatives | Promote the introduction of digital tools and technologies for construction management, Pilot front-loading through the use of BIM at the Company's construction sites, Establish a department specializing in Ministry of Defense projects in the Kyushu and Okinawa regions at the Kyushu Branch, Establish a new department specializing in renovation at the Tokyo Architectural Branch, Adopt steamless precast concrete (SLPC), Develop the UB-WALL construction method, Collaborate with Taisei Corporation in technology and sales |
Items this document does not state (11)
Selling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresKey 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.For the fiscal year ending March 2026, revenue and gross profit increased due to progress on construction projects on hand, the acquisition of design changes and cost improvements. SG&A expenses increased due to higher personnel expenses and DX-related costs, while non-operating expenses increased due to higher interest expenses and guarantee fees paid. For the fiscal year ending March 2027, the civil engineering business is expected to be affected by the reaction to the significant design changes and cost improvements in the previous fiscal year, while the business operated by affiliated companies is expected to be affected by the reaction to multiple large-scale construction projects received in the previous fiscal year.
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.
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