Worth reading
63In 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
4000
¥ millionWording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales397,980¥ millionYear on year +5.0%Progress 48.7%
Operating profit32,417¥ millionYear on year +25.5%Progress 51.5%
Ordinary income30,540¥ millionYear on year +21.5%Progress 54.5%
Net income attributable to owners of the parent19,834¥ millionYear on year +15.8%
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¥73.19
Financial position at period-end
Total assets867,622¥ million
of which net assets 201,310 ¥ millionEquity ratio 23.1%vs. prior year-end -2.0pt
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-113,036
Investment-11,054
Financials+104,708
Net change-19,382
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¥51,943 million
Segment revenue
Domestic Civil Engineering Business164,95842.1%+8.1%
Domestic Building Business128,68032.9%-8.2%
Overseas Construction Business97,81925.0%+21.9%
Segment profit
Domestic Civil Engineering Business20,168+8.2%
Domestic Building Business13,817+91.3%
Overseas Construction Business-2,372
Regional sales
Japan297,33175.2%
Southeast Asia92,66623.5%
Other regions5,1531.3%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥818,000 million (YoY +3.0%)
Operating profit¥63,000 million (YoY +13.9%)
Ordinary income¥56,000 million (YoY +5.3%)
Profit attributable to owners of the parent¥38,000 million (YoY +9.5%)
Revision to Earnings ForecastNet Sales ¥818,000 million → ¥818,000 million（0.0%） / Operating profit ¥59,000 million → ¥63,000 million（6.8%） / Ordinary income ¥54,000 million → ¥56,000 million（3.7%） / Profit attributable to owners of the parent ¥35,000 million → ¥38,000 million（8.6%）
Annual Dividend Forecast¥48 → ¥52（8.3%）
Payout ratioAt least 40%
Shareholder Return PolicyConsolidated payout ratio of 40% or more
Factors Behind Changes in Business Performance
Steady progress on the order backlog, including large-scale construction projects, improved profitability on large-scale construction projects, and progress on large-scale construction projects in Singapore and Hong Kong. The overseas construction business recorded additional losses on construction projects undertaken in prior years by an equipment subsidiary.
Disclosure regarding the going concern assumption
None applicable
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationAdded: 0 companies; excluded: 0 companies
Material subsequent eventsAt a meeting of the Board of Directors held on 9 November 2026, the company resolved to repurchase treasury shares to enhance shareholder returns and improve capital efficiency. The maximum acquisition is 5 million shares and ¥5 billion, and the acquisition period is from 10 November 2026 to 31 January 2027.
Breakdown of extraordinary income (loss)Extraordinary income Gain on liquidation of a subsidiary 359 / Gain on sale of non-current assets 132 / Other 2 / Total 494 / Extraordinary loss Loss on sale of property, plant and equipment 164 / Other 21 / Total 185
Depreciation and amortization¥5,739 million
Orders received and order backlogIndividual company orders received ¥367,233 million / Order backlog ¥1,234,427 million
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End286,013,910 shares
Treasury Shares at Period-End17,825,514 treasury shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥397,980 million (YoY +5.0%) |
| Operating profit | ¥32,417 million (YoY +25.5%) |
| Ordinary income | ¥30,540 million (YoY +21.5%) |
| Profit attributable to owners of the parent | ¥19,834 million (YoY +15.8%) |
| Net income per share | ¥73.19 |
| Equity ratio | End of the current fiscal period 23.1% / End of previous period 25.1% |
| Total assets | ¥867,622 million |
| Net assets | ¥201,310 million |
| Cash flows from operating activities | ¥-113,036 million |
| Cash flows from investing activities | ¥-11,054 million |
| Cash flows from financing activities | ¥104,708 million |
| Cash and cash equivalents at end of period | ¥51,943 million |
| Full-year earnings forecast | Net Sales ¥818,000 million (YoY +3.0%) / Operating profit ¥63,000 million (YoY +13.9%) / Ordinary income ¥56,000 million (YoY +5.3%) / Profit attributable to owners of the parent ¥38,000 million (YoY +9.5%) |
| Revision to Earnings Forecast | Net Sales ¥818,000 million → ¥818,000 million（0.0%） / Operating profit ¥59,000 million → ¥63,000 million（6.8%） / Ordinary income ¥54,000 million → ¥56,000 million（3.7%） / Profit attributable to owners of the parent ¥35,000 million → ¥38,000 million（8.6%） |
| Annual Dividend Forecast | ¥48 → ¥52（8.3%） |
| Payout ratio | At least 40% |
| Shareholder Return Policy | Consolidated payout ratio of 40% or more |
| Segment revenue | Domestic Civil Engineering Business ¥164,958 million (YoY +8.1%) / Domestic Building Business ¥128,680 million (YoY -8.2%) / Overseas Construction Business ¥97,819 million (YoY +21.9%) |
| Segment profit | Domestic Civil Engineering Business ¥20,168 million (YoY +8.2%) / Domestic Building Business ¥13,817 million (YoY +91.3%) / Overseas Construction Business ¥-2,372 million |
| Regional sales | Japan ¥297,331 million / Southeast Asia ¥92,666 million / Other regions ¥5,153 million |
| Orders received and order backlog | Individual company orders received ¥367,233 million / Order backlog ¥1,234,427 million |
| Depreciation and amortization | ¥5,739 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on liquidation of a subsidiary 359 / Gain on sale of non-current assets 132 / Other 2 / Total 494 / Extraordinary loss Loss on sale of property, plant and equipment 164 / Other 21 / Total 185 |
| Disclosure regarding the going concern assumption | None applicable |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | Added: 0 companies; excluded: 0 companies |
| Material subsequent events | At a meeting of the Board of Directors held on 9 November 2026, the company resolved to repurchase treasury shares to enhance shareholder returns and improve capital efficiency. The maximum acquisition is 5 million shares and ¥5 billion, and the acquisition period is from 10 November 2026 to 31 January 2027. |
| Availability of Supplementary Financial Results Materials | Available |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 286,013,910 shares |
| Treasury Shares at Period-End | 17,825,514 treasury shares |
| Factors Behind Changes in Business Performance | Steady progress on the order backlog, including large-scale construction projects, improved profitability on large-scale construction projects, and progress on large-scale construction projects in Singapore and Hong Kong. The overseas construction business recorded additional losses on construction projects undertaken in prior years by an equipment subsidiary. |
Items this document does not state (2)
Operating MarginImpairment loss
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.Based on its interim results, the company revised its full-year earnings forecasts. Profit increased in the interim period due to steady progress on its order backlog, including large-scale construction projects, and improved profitability on large-scale construction projects, while the overseas construction business recorded additional losses on construction projects undertaken in prior years by an equipment subsidiary.
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.