Improved profitability of overseas construction and a reduction in unprofitable projects
First written in FY2016. 11 of 35 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2027-H1.
Toa moved to the "Worse" side of this theme in 2016, 8 years before the typical company in this theme (2024).
The whole theme swung hardest in 2026: 3 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2027-H1Higher revenue and profit in the overseas business; decline in ordersAnnual report
「Revenue for the interim consolidated accounting period was ¥41,433 million, up 1.8% year on year, as large-scale port construction projects in Southeast Asia and elsewhere progressed steadily. Segment profit (operating income) was ¥2,111 million, up 50.6% year on year, reflecting design changes secured for projects completed in prior years and the absence of provisions for construction losses recognized in the same period of the previous year. Separately, the Company’s individual order intake was ¥6,642 million, down 32.8% year on year, as no large-scale project orders had been planned for the first half of the interim consolidated accounting period.」
Overseas operations posted higher revenue and operating income due to progress on large-scale port construction projects, the securing of design changes and the absence of provisions for construction losses, while order intake declined. - FY2026Higher revenue and profit in the overseas business; decline in ordersAnnual report
「Revenue for the consolidated fiscal year increased 40.5% from the previous consolidated fiscal year to ¥92,337 million as construction progressed steadily, mainly on major projects in Southeast Asia and Africa. Segment profit (operating profit) increased 77.9% to ¥7,527 million, reflecting the contribution from a major port construction project in Africa. Separately, the Company's individual order intake was ¥73,533 million, down 38.5% from the previous consolidated fiscal year. Although the Company secured major design changes and other work on projects carried over from the previous fiscal year, it had received multiple major projects in the previous fiscal year.」
Overseas operations posted higher revenue and operating income, driven by progress on large-scale projects and profit contributions from a large-scale port construction project in Africa, while order intake declined due to the reaction to large-scale project orders received in the previous year. - FY2026-H1Higher revenue, lower profit and fewer orders in the overseas businessAnnual report
「In the current interim consolidated period, revenue increased 56.6% year on year to ¥40,701 million as construction progressed steadily, mainly on major projects in Southeast Asia and Africa. Segment profit (operating profit) was ¥1,401 million, down 18.8% year on year. Although a major port construction project contributed to profit, the Company recorded a provision for construction losses due to delays in starting projects awarded in the past and other factors. Separately, the Company's individual order intake was ¥9,882 million, down 77.4% year on year, reflecting its policy of prioritizing construction of projects already in hand during the current interim consolidated period.」
The overseas business reported higher revenue due to progress on major projects, but profit declined because of a provision for construction losses related to delays in starting previously awarded projects and other factors. Order intake also declined substantially. - FY2025Higher revenue and profit in the overseas business; increase in ordersAnnual report
「Revenue for the consolidated fiscal year was ¥65,737 million, up 35.5% from the previous consolidated fiscal year, as construction of projects already on hand, mainly large-scale projects, progressed. Segment profit (operating profit) was ¥4,230 million, up 237.0%, despite the impact of some loss-making projects, owing to the increase in revenue and steady performance by highly profitable projects, among other factors.」
The overseas business reported higher revenue and profit due mainly to progress on major projects. Revenue increased 35.5%, segment profit increased 237.0%, and individual order intake also increased 56.2% due to the acquisition of major projects. - FY2025-H1Higher revenue and profit in the overseas business; reduced foreign-exchange impact; increase in ordersAnnual report
「The Company is engaged in marine civil engineering and other projects, mainly in Southeast Asia, Africa and South Asia. In the current interim consolidated period, revenue increased 14.2% year on year to ¥25,994 million as construction progressed steadily, mainly on major projects. Segment profit (operating profit) was ¥1,726 million, up 138.6% year on year. In the first quarter of the fiscal year ending March 2025, profit growth had stalled because the Company incorporated foreign-exchange and other effects into estimates of total construction costs for some projects amid the rapid depreciation of the yen. In the current interim consolidated period, the foreign-exchange impact was reduced, and profit also benefited from higher revenue. Separately, the Company's individual order intake increased 65.3% year on year to ¥43,816 million, mainly due to the acquisition of multiple major projects in Southeast Asia.」
The overseas business reported higher revenue and profit due to progress on major projects and a reduced foreign-exchange impact, while individual order intake increased 65.3% year on year due to the acquisition of multiple major projects in Southeast Asia. - FY2024-Q3Lower revenue and profit in the overseas business; increase in ordersAnnual report
「The Company is engaged in marine civil engineering and other projects, mainly in Southeast Asia, Africa and South Asia. In the first nine months of the current consolidated fiscal year, revenue was ¥35,787 million, down 0.3% year on year, and segment profit (operating profit) was ¥1,477 million, down 18.7%. Separately, the Company's individual order intake was ¥68,469 million, up 30.5% year on year, due mainly to the acquisition of major projects in Africa and Southeast Asia.」
Although the overseas business reported lower revenue and profit year on year, individual order intake increased 30.5% due to the acquisition of major projects in Africa and Southeast Asia. - FY2024-Q2Lower revenue and profit in the overseas business; decline in ordersAnnual report
「In the first six months of the current consolidated fiscal year, revenue was ¥22,766 million, down 4.1% year on year, and segment profit (operating profit) was ¥723 million, down 42.7%. Separately, the Company's individual order intake was ¥26,514 million, down 23.6% year on year.」
Revenue, segment profit and individual order intake in the overseas business all fell below the same period of the previous fiscal year, with the trend changing from higher profit in the previous quarter to lower revenue and profit. - FY2024-Q1Lower revenue, higher profit from improved profitability; decline in ordersAnnual report
「The Company is engaged in marine civil engineering and other projects, mainly in Southeast Asia, Africa and South Asia. In the first quarter of the current consolidated fiscal year, revenue declined 3.9% year on year to ¥11,889 million, but segment profit (operating profit) increased to ¥833 million, compared with ¥49 million in the same period of the previous fiscal year, due mainly to improved project profitability. Separately, the Company's individual order intake was ¥19,496 million, down 34.0% year on year.」
Revenue and individual order intake in the overseas business declined year on year, while segment profit increased from ¥49 million to ¥833 million due mainly to improved project profitability. - FY2023Continued strong growth in revenue and profit in the overseas business; sharp increase in ordersAnnual report
「Supported mainly by substantial contributions from major projects in Africa and Southeast Asia, revenue for the consolidated fiscal year increased 7.1% from the previous consolidated fiscal year to ¥46,538 million. Segment profit (operating profit) increased 214.4% to ¥2,243 million, mainly due to higher revenue. Separately, the Company's individual order intake increased 180.4% to ¥68,892 million, mainly due to orders for major projects in Southeast Asia.」
The overseas business reported higher revenue and profit due to major projects in Africa and Southeast Asia. Operating profit increased 214.4% year on year, and individual order intake increased 180.4%. - FY2023-Q3Continued strong growth in revenue and profit in the overseas business; sharp increase in ordersAnnual report
「Supported mainly by a substantial contribution from revenue from a major project in Africa, revenue in the first nine months of the current consolidated fiscal year increased 18.5% year on year to ¥35,884 million. Segment profit (operating profit) was ¥1,817 million, compared with a segment loss of ¥154 million in the same period of the previous fiscal year, due mainly to higher revenue and improved profitability following discussions with clients regarding price increases on some projects. Separately, the Company's individual order intake increased 194.2% year on year to ¥52,470 million, mainly due to the award of major port construction projects and other projects.」
The overseas business turned from a loss in the same period of the previous fiscal year to a profit of ¥1,817 million due to the contribution from a major African project and improved profitability following discussions regarding price increases. Order intake also increased 194.2% year on year. - FY2023-Q2Revenue and profit growth; sharp increase in order intakeAnnual report
「Supported mainly by a substantial contribution from revenue from a major project in Africa, revenue in the first six months of the current consolidated fiscal year increased 22.3% year on year to ¥23,732 million. Segment profit (operating profit) was ¥1,261 million, compared with a segment loss of ¥532 million in the same period of the previous fiscal year, due mainly to higher revenue and improved profitability following discussions with clients regarding price increases on some projects. Separately, the Company's individual order intake increased 160.2% year on year to ¥34,710 million, mainly due to the award of a major port construction project and higher order intake resulting from the weaker yen.」
The overseas business reported higher revenue and profit due to the contribution from a major African project and improved profitability following discussions with clients regarding price increases. Order intake also increased 160.2% year on year. - FY2023-Q1Revenue and profit growth; sharp increase in order intakeAnnual report
「The Company is engaged in marine civil engineering and other projects, mainly in Southeast Asia, the Middle East and Africa. In the first quarter of the current consolidated fiscal year, revenue increased 20.2% year on year to ¥12,375 million, and segment profit (operating profit) was ¥49 million, compared with segment profit of ¥4 million in the same period of the previous fiscal year. Separately, the Company's individual order intake was ¥29,520 million, up 116.8% year on year.」
Revenue in the overseas business increased year on year, and segment profit rose from ¥4 million to ¥49 million. Individual order intake increased 116.8%. - FY2022Return to profitability, higher revenue and construction activity across all projects; decline in ordersAnnual report
「Although some countries were affected by construction suspensions caused by COVID-19 in the previous fiscal year, construction was operating in all countries during the fiscal year. Revenue for the fiscal year was ¥43,450 million, up 62.1% from the previous fiscal year. Due in part to higher revenue, segment profit (operating profit) was ¥713 million, compared with a segment loss of ¥495 million in the previous fiscal year.」
Overseas construction was operating in all countries, revenue increased 62.1%, and segment results turned from a loss of ¥495 million to a profit of ¥713 million. Separately, individual order intake declined from the previous fiscal year. - FY2022-Q3Higher revenue and narrower loss; operations at all locations, with profitability affected by higher steel pricesAnnual report
「The Company is engaged in marine civil engineering and other projects, mainly in Southeast Asia, the Middle East and Africa. Although some countries were affected by construction suspensions caused by COVID-19 in the first nine months of the previous consolidated fiscal year, construction was operating in all countries in the first nine months of the current consolidated fiscal year, and revenue increased 74.1% year on year to ¥30,276 million. Overall profitability improved with higher revenue, but profitability deteriorated on some projects due to soaring steel prices, resulting in a segment loss (operating loss) of ¥154 million, compared with a segment loss of ¥810 million in the same period of the previous fiscal year.」
Construction in the overseas business was operating in all countries, revenue increased 74.1% year on year, and the operating loss narrowed from ¥810 million to ¥154 million. However, profitability deteriorated on some projects due to soaring steel prices. - FY2022-Q2Higher revenue and narrower loss; deteriorating profitability due to higher steel pricesAnnual report
「Although some countries were affected by construction suspensions caused by COVID-19 in the first six months of the previous consolidated fiscal year, construction was operating in nearly all countries in the first six months of the current consolidated fiscal year, and revenue increased 94.8% year on year to ¥19,406 million. Overall profitability improved with higher revenue, but profitability deteriorated on some projects due to soaring steel prices, resulting in a segment loss (operating loss) of ¥532 million, compared with a segment loss of ¥977 million in the same period of the previous fiscal year.」
Overseas construction was operating in nearly all countries, revenue increased 94.8%, and the operating loss narrowed from ¥977 million to ¥532 million. However, profitability deteriorated on some projects due to soaring steel prices. - FY2022-Q1Return to profitability; recovery in construction activityAnnual report
「Although some countries were affected by construction suspensions caused by COVID-19 in the first quarter of the previous consolidated fiscal year, construction was operating in nearly all countries in the first quarter of the current consolidated fiscal year. Revenue increased 107.0% year on year to ¥10,298 million, and segment profit (operating profit) was ¥4 million, compared with a segment loss of ¥462 million in the same period of the previous fiscal year.」
As construction activity in the overseas business recovered, revenue increased 107.0% year on year, and it turned from a loss of ¥462 million in the same period of the previous fiscal year to a profit of ¥4 million. - FY2021WorsenedAnnual report
「The overseas business was affected by the suspension of some projects due to COVID-19 and declined slightly from the previous consolidated fiscal year. Due to lower revenue and worsening earnings on some unprofitable projects, the segment loss (operating loss) was ¥495 million, compared with segment profit of ¥248 million in the previous consolidated fiscal year.」
The overseas business turned from segment profit of ¥248 million in the previous fiscal year to a segment loss of ¥495 million, reflecting lower revenue and worsening earnings on unprofitable projects. - FY2021-Q3WorsenedAnnual report
「The Company is engaged in marine civil engineering and other projects, mainly in Southeast Asia, the Middle East and Africa. Due to the impact of construction suspensions caused by COVID-19 in some countries, revenue in the first nine months of the current consolidated fiscal year was ¥17,386 million, down 14.1% year on year, and the segment loss (operating loss) was ¥810 million, compared with segment profit of ¥452 million in the same period of the previous fiscal year. Separately, the Company's individual order intake was ¥12,450 million, down 41.4% year on year.」
The overseas business reported lower revenue due to the impact of construction suspensions caused by COVID-19 and turned from profit of ¥452 million in the same period of the previous fiscal year to a loss of ¥810 million. Order intake also declined 41.4%. - FY2021-Q2WorsenedAnnual report
「Due to the impact of construction suspensions caused by COVID-19 in some countries, revenue in the first six months of the current consolidated fiscal year declined 18.0% year on year to ¥9,960 million. Project profitability also deteriorated, resulting in a segment loss (operating loss) of ¥977 million, compared with segment profit of ¥387 million in the same period of the previous fiscal year.」
The overseas business turned from profit of ¥387 million in the same period of the previous fiscal year to a loss of ¥977 million, while revenue also declined 18.0%. Construction suspensions caused by COVID-19 and deteriorating profitability became more pronounced than in the previous quarter. - FY2021-Q1WorsenedAnnual report
「The Company is engaged in marine civil engineering and other projects, mainly in Southeast Asia, the Middle East and Africa. Although some countries were affected by construction suspensions caused by COVID-19, revenue in the first quarter of the current consolidated fiscal year increased 27.1% year on year to ¥4,975 million. However, profitability of construction projects deteriorated, resulting in a segment loss (operating loss) of ¥462 million, compared with segment profit of ¥286 million in the same period of the previous fiscal year.」
Although revenue in the overseas business increased 27.1%, it turned from profit of ¥286 million in the same period of the previous fiscal year to a loss of ¥462 million due to the impact of construction suspensions caused by COVID-19 and deteriorating project profitability. - FY2020-Q3Revenue growth and continued return to profitabilityAnnual report
「In the first nine months of the current consolidated fiscal year, revenue was ¥20,237 million, up 81.0% year on year, and segment profit (operating profit) was ¥452 million, compared with a segment loss of ¥399 million in the same period of the previous fiscal year.」
Revenue in the overseas business increased 81.0%, and it turned from a loss of ¥399 million in the same period of the previous fiscal year to a profit of ¥452 million. The return to profitability and revenue growth have continued. - FY2020-Q2Continued revenue growth and return to profitabilityAnnual report
「The Company is engaged in marine civil engineering and other projects, mainly in Southeast Asia, the Middle East and Africa. In the first six months of the current consolidated fiscal year, revenue was ¥12,146 million, up 69.9% year on year, and segment profit (operating profit) was ¥387 million, compared with a segment loss in the same period of the previous fiscal year of ¥311 million.」
The overseas business turned from a segment loss of ¥311 million in the same period of the previous fiscal year to a profit of ¥387 million, while revenue also increased 69.9%. - FY2020-Q1Lower Revenue and Return to ProfitabilityAnnual report
「The Company is engaged in marine civil engineering projects, mainly in Southeast Asia and other parts of the Middle East and Africa. Revenue for the first quarter of the fiscal year was ¥3,916 million, down 8.0% year on year, while segment profit (operating profit) was ¥286 million, compared with a segment loss of ¥160 million in the same quarter of the previous year.」
The overseas business turned from a segment loss of ¥160 million in the same period of the previous fiscal year to a segment profit of ¥286 million, while revenue declined 8.0%. - FY2019WorsenedAnnual report
「Revenue for the fiscal year was ¥19,564 million, down 15.7% from the previous fiscal year, while segment loss (operating loss) was ¥1,056 million, compared with segment profit of ¥961 million in the previous fiscal year.」
The overseas business reported lower revenue and turned from segment profit of ¥961 million in the previous fiscal year to a segment loss of ¥1,056 million. - FY2019-Q3WorsenedAnnual report
「In the first nine months of the current consolidated fiscal year, revenue declined 38.8% year on year to ¥11,178 million due to delays in starting some projects. Segment profit (operating profit) decreased by ¥1,610 million year on year due to lower revenue and deteriorating profitability in some projects, resulting in a segment loss of ¥399 million.」
Due to delays in starting some projects and deteriorating profitability, the overseas business turned from segment profit of ¥1,210 million in the same period of the previous fiscal year to a loss of ¥399 million, while revenue also declined 38.8%. - FY2019-Q2WorsenedAnnual report
「The Company is engaged in marine civil engineering projects and plant construction, including thermal power plants, mainly in Southeast Asia and other parts of the Middle East and Africa. Revenue for the six months ended [second quarter] declined 38.7% from the same period of the previous year to ¥7,150 million, due to delays in the start of some projects. Segment profit (operating profit) declined by ¥1,216 million from the same period of the previous year due to lower revenue and deteriorating profitability in some projects, resulting in a segment loss of ¥311 million.」
Due to delays in starting some projects and deteriorating profitability, the overseas business reported a 38.7% decline in revenue and turned from profit in the same period of the previous fiscal year to a segment loss of ¥311 million. - FY2019-Q1WorsenedAnnual report
「The Company is engaged in marine civil engineering projects and plant construction, including thermal power plants, mainly in Southeast Asia and other parts of the Middle East and Africa. Revenue for the first quarter of the fiscal year was ¥4,254 million, down 29.1% year on year, while segment loss (operating loss) was ¥160 million, compared with segment profit of ¥688 million in the same quarter of the previous year.」
The overseas business turned from segment profit of ¥688 million in the same period of the previous fiscal year to a segment loss of ¥160 million, while revenue also declined 29.1%. - FY2018-Q3Continued lower revenue and profit; narrower decline in revenue, wider decline in profitAnnual report
「The Company is focusing on marine civil engineering projects and plant construction, including thermal power plants, mainly in Southeast Asia and other parts of the Middle East and Africa. Revenue for the nine months ended [third quarter] was ¥18,266 million, down 20.4% year on year, while segment profit (operating profit) was ¥1,210 million, down 60.1%.」
The overseas business continued to report lower revenue and profit. The rate of revenue decline narrowed from 28.2% in the first six months to 20.4%, while the rate of decline in segment profit widened from 26.8% to 60.1%. - FY2018-Q2Lower revenue and profit; narrower decline in revenue, wider decline in profitAnnual report
「In the first six months of the current consolidated fiscal year, revenue was ¥11,662 million, down 28.2% year on year, and segment profit (operating profit) was ¥905 million, down 26.8%.」
While the overseas business continued to report lower revenue and profit, the rate of revenue decline narrowed from 37.0% in the first quarter to 28.2%, while the rate of profit decline widened from 23.0% to 26.8%. - FY2018-Q1Revenue and profit declined, but the decline in profit narrowedAnnual report
「The Company is focusing on marine civil engineering projects and plant construction, including thermal power plants, mainly in Southeast Asia and other parts of the Middle East and Africa. Revenue for the first quarter of the fiscal year was ¥6,001 million, down 37.0% year on year, while segment profit (operating profit) was ¥688 million, down 23.0%.」
The overseas business reported lower revenue and profit, but the rate of decline in segment profit narrowed from 41.4% in the previous full fiscal year to 23.0%. - FY2017WorsenedAnnual report
「Revenue from the overseas business was ¥28,927 million, down 40.6% from the previous consolidated fiscal year, and segment profit (operating profit) was ¥3,080 million, down 41.4%.」
Even after profitability of overseas construction improved, full-year revenue and segment profit both declined substantially. - FY2017-Q3Continued revenue decline, but a smaller decline in profitAnnual report
「The Company is focusing on marine civil engineering and plant construction, including thermal power plants, mainly in Southeast Asia and the South Pacific region. In the first nine months of the current consolidated fiscal year, revenue was ¥22,961 million, down 41.6% year on year, and segment profit (operating profit) was ¥3,038 million, down 21.2%.」
While the overseas business continued to report lower revenue and profit, the year-on-year decline in segment profit narrowed from 53.4% in the first six months to 21.2% in the first nine months. - FY2017-Q2WorsenedAnnual report
「The Company is focusing on marine civil engineering and plant construction, including thermal power plants, mainly in Southeast Asia and the South Pacific region. In the first six months of the current consolidated fiscal year, revenue was ¥16,251 million, down 40.7% year on year, and segment profit (operating profit) was ¥1,236 million, down 53.4%.」
Although the overseas business remained profitable, both revenue and segment profit declined year on year, and the decline in profit widened. - FY2017-Q1WorsenedAnnual report
「The Company is focusing on marine civil engineering and plant construction, including thermal power plants, mainly in Southeast Asia and the South Pacific region. In the first quarter of the current consolidated cumulative period, revenue was ¥9,525 million, down 32.2% year on year, and segment profit (operating profit) was ¥894 million, down 11.1%.」
Although the overseas business remained profitable, both revenue and segment profit declined year on year in the quarter, deteriorating from the trend in figures following the previously disclosed improvement in profitability. - FY2016First statedAnnual report
「Operating profit was slightly above ¥11.7 billion, an increase of 107.0% from the previous consolidated fiscal year, mainly due to improved profitability of overseas construction and other factors.」
The overseas business turned from a segment loss of ¥1,653 million in the previous fiscal year to a segment profit of ¥5,256 million in the current fiscal year, with fewer unprofitable projects and improved profitability identified as performance drivers.