Worth reading
57In 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
21.1
% (year-on-year change in consolidated net sales)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales104,748¥ millionYear on year +21.1%Progress 90.3%
Operating profit6,649¥ millionYear on year +27.4%Progress 93.6%
Ordinary income6,426¥ millionYear on year +22.9%Progress 98.9%
Net income attributable to owners of the parent4,367¥ millionYear on year +18.4%Progress 99.3%
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¥343.44
Operating Margin6.3%
Financial position at period-end
Total assets122,423¥ million
of which net assets 54,759 ¥ millionEquity ratio 44.1%vs. prior year-end -8.5pt
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.
Cash inflows and outflows
Operating+477
Investment-1,162
Financials+7,086
Net change+6,401
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥19,638 million
Segment revenueConstruction ¥102,853 million (YoY +21.2%), Real Estate Business ¥479 million (YoY -5.0%)
Segment profitConstruction ¥8,403 million (YoY +18.3%), Real Estate Business ¥253 million (YoY +11.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥116,000 million (YoY +10.7%)
Operating profit¥7,100 million (YoY +6.8%)
Ordinary income¥6,500 million (YoY +1.1%)
Net income¥4,400 million (YoY +0.7%)
Annual Dividend Forecast¥135 → ¥145（+7.4%）
Payout ratio39.3%
Shareholder Return PolicyDividend payout ratio of at least 40% on a non-consolidated basis, with a dividend on equity (DOE) floor of 3.6%
Factors Behind Changes in Business Performance
Net sales increased as the company received orders for large-scale civil engineering and building projects and progress on these projects remained high. Operating income increased due to higher net sales and improved productivity in the building sector.
Disclosure regarding the going concern assumption
Not applicable.
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 consolidationNo significant changes to the scope of consolidation during the period. The number and names of newly consolidated or excluded companies are Not disclosed.
Material subsequent eventsNot applicable.
Impairment loss¥0 million (assets subject to impairment: Not disclosed)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥68 million, Other ¥0 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥21 million, Impairment Losses ¥0 million
Depreciation and amortization¥842 million
Orders received and order backlogOrder intake: ¥127,986 million; backlog: ¥149,620 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingHeld (対象者：Not disclosed)
Issued Shares at Period-End12,964,993 shares
Treasury Shares at Period-End237,638 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥104,748 million (YoY +21.1%) |
| Operating profit | ¥6,649 million (YoY +27.4%) |
| Ordinary income | ¥6,426 million (YoY +22.9%) |
| Profit attributable to owners of the parent | ¥4,367 million (YoY +18.4%) |
| Net income per share | ¥343.44 |
| Operating Margin | 6.3% |
| Equity ratio | End of the current fiscal period 44.1% / End of previous period 52.6% |
| Total assets | ¥122,423 million |
| Net assets | ¥54,759 million |
| Cash flows from operating activities | ¥477 million |
| Cash flows from investing activities | ¥-1,162 million |
| Cash flows from financing activities | ¥7,086 million |
| Cash and cash equivalents at end of period | ¥19,638 million |
| Full-year earnings forecast | Net Sales ¥116,000 million (YoY +10.7%) / Operating profit ¥7,100 million (YoY +6.8%) / Ordinary income ¥6,500 million (YoY +1.1%) / Net income ¥4,400 million (YoY +0.7%) |
| Annual Dividend Forecast | ¥135 → ¥145（+7.4%） |
| Payout ratio | 39.3% |
| Shareholder Return Policy | Dividend payout ratio of at least 40% on a non-consolidated basis, with a dividend on equity (DOE) floor of 3.6% |
| Segment revenue | Construction ¥102,853 million (YoY +21.2%), Real Estate Business ¥479 million (YoY -5.0%) |
| Segment profit | Construction ¥8,403 million (YoY +18.3%), Real Estate Business ¥253 million (YoY +11.6%) |
| Orders received and order backlog | Order intake: ¥127,986 million; backlog: ¥149,620 million |
| Depreciation and amortization | ¥842 million |
| Impairment loss | ¥0 million (assets subject to impairment: Not disclosed) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥68 million, Other ¥0 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥21 million, Impairment Losses ¥0 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 | No significant changes to the scope of consolidation during the period. The number and names of newly consolidated or excluded companies are Not disclosed. |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Held (対象者：Not disclosed) |
| Issued Shares at Period-End | 12,964,993 shares |
| Treasury Shares at Period-End | 237,638 shares |
| Factors Behind Changes in Business Performance | Net sales increased as the company received orders for large-scale civil engineering and building projects and progress on these projects remained high. Operating income increased due to higher net sales and improved productivity in the building sector. |
Items this document does not state (2)
Revision to Earnings ForecastRegional sales
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.The main factors behind the improvement in performance were the high levels of large-scale construction orders and progress, higher net sales, and improved productivity in the construction sector. Selling, general and administrative expenses increased due to expanded investment in DX and human resources. For the next fiscal year, the company expects net sales to increase as construction projects progress.
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.