Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
173.2
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 June 2025–28 February 2026ConsolidatedJapanese GAAPNet Sales100,278¥ millionYear on year +13.6%Progress 73.7%
Operating profit5,275¥ millionYear on year +173.2%Progress 87.9%
Ordinary income5,221¥ millionYear on year +204.8%Progress 93.2%
Net income attributable to owners of the parent3,756¥ millionYear on year +421.9%
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¥47.12
Financial position at period-end
Total assets159,178¥ million
of which net assets 69,382 ¥ millionEquity ratio 43.5%vs. prior year-end -3.6pt
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.
Segment revenue
Civil Engineering Business28,18927.8%+4.2%
Building Construction69,42268.6%+27.4%
Real Estate Business1,0071.0%-79.9%
Energy Business2,6382.6%+4.9%
Segment profit
Civil Engineering Business5998.9%
Building Construction4,95673.9%+110.5%
Real Estate Business651.0%-97.4%
Energy Business1,08216.1%-9.9%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥136,000 million (YoY +10.3%)
Operating profit¥6,000 million (YoY +158.8%)
Ordinary income¥5,600 million (YoY +187.8%)
Profit attributable to owners of the parent¥4,000 million (YoY +200.1%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥136,000 million / Operating profit Not disclosed → ¥6,000 million / Ordinary income Not disclosed → ¥5,600 million / Profit attributable to owners of the parent Not disclosed → ¥4,000 million
Annual Dividend Forecast¥22 → ¥23（+4.5%）
Factors Behind Changes in Business Performance
The replacement of unprofitable projects progressed in the civil engineering business, while major projects on hand progressed smoothly in the construction business and highly profitable major projects drove profit. In the real estate business, there were no sales of large properties held for sale as in the previous fiscal year, while in the energy business, profit declined despite higher sales.
Disclosure regarding the going concern assumption
No applicable matters
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 Number of companies 1 / Company name JDCエナジー合同会社 / Excluded Number of companies 0 / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 2 / Gain on sale of investment securities 51 / Other 3 / Total 57 / Extraordinary loss Loss on disposal of fixed assets 96 / Other 0 / Total 96
Depreciation and amortization¥1,156 million
Orders received and order backlogOrders received ¥75,021 million / Order backlog ¥178,419 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingEvent No / Subject person Not disclosed
Issued Shares at Period-End89,255,000
Treasury Shares at Period-End9,508,746
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 June 2025–28 February 2026 |
| Net Sales | ¥100,278 million (YoY +13.6%) |
| Operating profit | ¥5,275 million (YoY +173.2%) |
| Ordinary income | ¥5,221 million (YoY +204.8%) |
| Profit attributable to owners of the parent | ¥3,756 million (YoY +421.9%) |
| Net income per share | ¥47.12 |
| Equity ratio | End of the current fiscal period 43.5 / End of previous period 47.1 |
| Total assets | ¥159,178 million |
| Net assets | ¥69,382 million |
| Full-year earnings forecast | Net Sales ¥136,000 million (YoY +10.3%) / Operating profit ¥6,000 million (YoY +158.8%) / Ordinary income ¥5,600 million (YoY +187.8%) / Profit attributable to owners of the parent ¥4,000 million (YoY +200.1%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥136,000 million / Operating profit Not disclosed → ¥6,000 million / Ordinary income Not disclosed → ¥5,600 million / Profit attributable to owners of the parent Not disclosed → ¥4,000 million |
| Annual Dividend Forecast | ¥22 → ¥23（+4.5%） |
| Segment revenue | Civil Engineering Business ¥28,189 million (YoY +4.2%) / Building Construction ¥69,422 million (YoY +27.4%) / Real Estate Business ¥1,007 million (YoY -79.9%) / Energy Business ¥2,638 million (YoY +4.9%) |
| Segment profit | Civil Engineering Business ¥599 million / Building Construction ¥4,956 million (YoY +110.5%) / Real Estate Business ¥65 million (YoY -97.4%) / Energy Business ¥1,082 million (YoY -9.9%) |
| Orders received and order backlog | Orders received ¥75,021 million / Order backlog ¥178,419 million |
| Depreciation and amortization | ¥1,156 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 2 / Gain on sale of investment securities 51 / Other 3 / Total 57 / Extraordinary loss Loss on disposal of fixed assets 96 / Other 0 / Total 96 |
| Disclosure regarding the going concern assumption | No applicable matters |
| 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 Number of companies 1 / Company name JDCエナジー合同会社 / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Event No / Subject person Not disclosed |
| Issued Shares at Period-End | 89,255,000 |
| Treasury Shares at Period-End | 9,508,746 |
| Factors Behind Changes in Business Performance | The replacement of unprofitable projects progressed in the civil engineering business, while major projects on hand progressed smoothly in the construction business and highly profitable major projects drove profit. In the real estate business, there were no sales of large properties held for sale as in the previous fiscal year, while in the energy business, profit declined despite higher sales. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesImpairment lossMaterial 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.In the civil engineering business, the replacement of unprofitable projects progressed. In the construction business, major projects on hand progressed smoothly, and highly profitable major projects pushed up profit. In the real estate business, there were no sales of large properties held for sale as in the previous fiscal year, while in the energy business, profit declined despite higher sales.
How to read this page
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