Komori
Earnings1887JDC CORPORATIONConstruction and Materials

First-Quarter Financial Results for the Fiscal Year Ending May 2027 (Japanese GAAP) (Consolidated)

In the first quarter of the fiscal year ending May 2027, revenue decreased 7.1% year on year and operating income decreased 0.2%, while profit attributable to owners of the parent increased 21.9%. The full-year earnings forecast and annual dividend forecast remain unchanged. One company, 大郷太陽光発電合同会社, was added to the scope of consolidation.

Worth reading
52Recurring
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
-7.1
% (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 June 2026 to 31 August 2026ConsolidatedJapanese GAAP
Net Sales32,056¥ millionYear on year -7.1%Progress 23.4%
Operating profit1,942¥ millionYear on year -0.2%Progress 30.8%
Ordinary income1,954¥ millionYear on year -0.8%Progress 34.3%
Net income attributable to owners of the parent1,587¥ millionYear on year +21.9%Progress 39.7%

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¥19.89
Financial position at period-end
Total assets155,365¥ million
of which net assets 71,930 ¥ millionEquity ratio 46.2%vs. prior year-end +1.1pt

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 revenueCivil Engineering Business ¥9,451 million (YoY -1.2%), Building Construction ¥21,565 million (YoY -10.3%), Real Estate Business ¥345 million (YoY +6.0%), Energy Business ¥1,121 million (YoY +11.7%)
Segment profitCivil Engineering Business ¥25 million (YoY -68.3%), Building Construction ¥1,983 million (YoY +10.6%), Real Estate Business ¥-24 million, Energy Business ¥490 million (YoY -0.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥137,000 million (YoY +1.3%)
Operating profit¥6,300 million (YoY -11.9%)
Ordinary income¥5,700 million (YoY -13.2%)
Net income¥4,000 million (YoY -26.6%)
Annual Dividend Forecast¥25 → ¥25(0.0%)
Factors Behind Changes in Business Performance

The civil engineering business benefited from improved profitability at the parent company despite sluggish earnings at a consolidated subsidiary. The building construction business benefited from improved profitability at several construction sites. The real estate business recorded a loss due to upfront costs and other expenses for investment projects aimed at generating future revenue.

Disclosure regarding the going concern assumption

None. The notes regarding the going concern assumption state, “There are 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 大郷太陽光発電合同会社 / Excluded Number of companies 0 / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥143 million, Subsidy Income ¥469 million / Extraordinary loss Loss on disposal of fixed assets ¥0 million, Loss on reduction of fixed assets ¥469 million
Depreciation and amortization¥346 million
Orders received and order backlogOrders received ¥29,488 million / Order backlog (carried forward) ¥183,118 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End89,255,000 Shares
Treasury Shares at Period-End9,443,646 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 June 2026 to 31 August 2026
Net Sales¥32,056 million (YoY -7.1%)
Operating profit¥1,942 million (YoY -0.2%)
Ordinary income¥1,954 million (YoY -0.8%)
Profit attributable to owners of the parent¥1,587 million (YoY +21.9%)
Net income per share¥19.89
Equity ratioEnd of the current fiscal period 46.2 / End of previous period 45.1
Total assets¥155,365 million
Net assets¥71,930 million
Full-year earnings forecastNet Sales ¥137,000 million (YoY +1.3%) / Operating profit ¥6,300 million (YoY -11.9%) / Ordinary income ¥5,700 million (YoY -13.2%) / Net income ¥4,000 million (YoY -26.6%)
Annual Dividend Forecast¥25 → ¥25(0.0%)
Segment revenueCivil Engineering Business ¥9,451 million (YoY -1.2%), Building Construction ¥21,565 million (YoY -10.3%), Real Estate Business ¥345 million (YoY +6.0%), Energy Business ¥1,121 million (YoY +11.7%)
Segment profitCivil Engineering Business ¥25 million (YoY -68.3%), Building Construction ¥1,983 million (YoY +10.6%), Real Estate Business ¥-24 million, Energy Business ¥490 million (YoY -0.6%)
Orders received and order backlogOrders received ¥29,488 million / Order backlog (carried forward) ¥183,118 million
Depreciation and amortization¥346 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥143 million, Subsidy Income ¥469 million / Extraordinary loss Loss on disposal of fixed assets ¥0 million, Loss on reduction of fixed assets ¥469 million
Disclosure regarding the going concern assumptionNone. The notes regarding the going concern assumption state, “There are no applicable matters.”
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 1 / Company name 大郷太陽光発電合同会社 / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End89,255,000 Shares
Treasury Shares at Period-End9,443,646 Shares
Factors Behind Changes in Business PerformanceThe civil engineering business benefited from improved profitability at the parent company despite sluggish earnings at a consolidated subsidiary. The building construction business benefited from improved profitability at several construction sites. The real estate business recorded a loss due to upfront costs and other expenses for investment projects aimed at generating future revenue.
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout 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, improved profitability at the parent company partly offset sluggish earnings growth at a consolidated subsidiary, while improved profitability at several construction sites contributed to results in the building construction business. In the real estate business, upfront costs and other expenses were recorded for investment projects aimed at generating future revenue. The company also cited persistently high construction material and energy prices and tight labor supply and demand as industry conditions.

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First-Quarter Financial Results for the Fiscal Year Ending May 2027 (Japanese GAAP) (Consolidated) | JDC CORPORATION (1887) timely disclosure | Komori