Komori
Wakachiku Construction (1888) · RiskMaterialised

Short-Term Operating Profit Pressure from DX and Human Capital Investment

First written in FY2024-Q1. 7 of 8 entries say "Materialised", first in FY2024-Q2. Latest entry: 2026-08-06.

8entries
4years
1from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseMaterialisedFY2024-Q2 – 2026-08-062023: 220232024: 220242025: 220252026: 22026
Same theme, other companies
Higher SG&A and profit pressure from growth investmentsA theme 8 companies write about · 8 as a headwind · 0 as a tailwind

Wakachiku Construction moved to the "Worse" side of this theme in 2023.

0 other companies' latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-06MaterialisedEarnings

    「Although selling, general and administrative expenses increased 11.2% year on year to ¥2.1 billion due to increased investment in digital transformation and human capital, operating profit was ¥1.7 billion as a result of higher revenue and improved productivity.」

    While selling, general and administrative expenses continue to rise alongside increased investment in digital transformation and human capital, the impact on earnings has been absorbed by higher revenue and improved productivity.
  2. FY2026MaterialisedAnnual report

    「Although selling, general and administrative expenses increased 5.9% year on year to ¥7.9 billion due to expanded investment in digital transformation and human capital, higher net sales and improved productivity in the building segment resulted in operating profit of ¥6.6 billion, up 27.4% year on year.」

    Selling, general and administrative expenses continued to increase as investment in digital transformation and human capital expanded, but operating profit rose 27.4% year on year owing to higher net sales and improved productivity in the building segment.
  3. FY2026-H1MaterialisedAnnual report

    「Although general and administrative expenses increased 5.3% year on year to ¥3.8 billion due to expanded investment in digital transformation and human capital, higher gross profit on completed construction contracts resulting from increased net sales and improved productivity in the building segment resulted in operating profit of ¥1.5 billion, up 238.2% year on year.」

    General and administrative expenses continued to increase due to expanded investment in digital transformation and human capital, reaching ¥3.8 billion, up 5.3% year on year. Meanwhile, operating profit increased owing to higher net sales and improved productivity in the building segment.
  4. FY2025MaterialisedAnnual report

    「As selling, general and administrative expenses increased 5.4% year on year to ¥7.5 billion due to expanded investment in digital transformation and human capital, in addition to a decline in gross profit on completed construction contracts resulting from lower net sales, operating profit was ¥5.2 billion, down 25.2% year on year.」

    Higher costs associated with expanded investment in digital transformation and human capital were reflected in full-year results, together with lower sales, as a 25.2% year-on-year decline in operating profit.
  5. FY2025-H1MaterialisedAnnual report

    「Expenses also increased due to digital transformation and human capital investment. As one-time costs were incurred for vessel repairs, office relocation and other items, operating profit was ¥400 million, down 83.2% year on year.」

    Higher expenses associated with digital transformation and human capital investment continued, and together with one-time costs such as vessel repairs and office relocation, were reflected in actual results as an 83.2% year-on-year decline in operating profit.
  6. FY2024-Q3MaterialisedAnnual report

    「During the cumulative third quarter, revenue increased 16.4% year on year to ¥71.7 billion, mainly because progress on construction projects increased from the previous fiscal year. Operating profit was ¥4.9 billion, down 1.7% year on year, mainly due to higher expenses associated with DX and human capital investment. Ordinary profit was ¥5.5 billion, up 5.8%, mainly due to an increase in foreign exchange gains. Quarterly net income attributable to owners of the parent was ¥3.6 billion, up 8.3%.」

    Higher expenses associated with digital transformation and human capital investment continued to be reflected in actual results, with operating profit down 1.7% year on year.
  7. FY2024-Q2MaterialisedAnnual report

    「During the cumulative second quarter, revenue increased 13.4% year on year to ¥46.3 billion, mainly because progress on construction projects increased from the previous fiscal year. Operating profit was ¥2.7 billion, down 17.9% year on year, mainly due to higher expenses associated with DX and human capital investment. Ordinary profit was ¥3.4 billion, down 6.7%, mainly due to an increase in foreign exchange gains. Quarterly net income attributable to owners of the parent was ¥2.2 billion, down 4.4%.」

    Higher expenses associated with digital transformation and human capital investment continued to be reflected in actual results, with operating profit down 17.9% year on year. Ordinary profit and net income attributable to owners of the parent also declined.
  8. FY2024-Q1First statedAnnual report

    「Regarding profit and loss, operating profit was ¥900 million, down 16.4% year on year, mainly due to higher expenses associated with digital transformation and human capital investment.」

    Higher expenses associated with digital transformation and human capital investment were reflected in actual results as a 16.4% year-on-year decline in operating profit.
Moved together

"Risk of Construction-Market Volatility, Including Lower Public Investment" moved the same way as this thread, in the same document, in 3 of its 8 moves.

33★12
  1. ★This thread
  2. 1Risk of Construction-Market Volatility, Including Lower Public Investment3×
  3. 2Shortages of Skilled Workers and Rising Construction and Materials Costs3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Wakachiku Construction's next results are scheduled for 2026-11-09. Read the earnings preview It last moved in the Earnings of 2026-08-06: "Materialised".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.