Worth reading
49Recurring
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
41.5
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 January 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales135,888¥ millionYear on year +13.5%Progress 71.3%
Operating profit9,101¥ millionYear on year +41.5%Progress 97.9%
Ordinary income9,404¥ millionYear on year +42.7%Progress 98.0%
Net income attributable to owners of the parent6,624¥ millionYear on year +48.8%Progress 103.5%
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¥402.01
Financial position at period-end
Total assets158,420¥ million
of which net assets 94,008 ¥ millionEquity ratio 59.1%vs. prior year-end -1.8pt
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 revenueSegment Construction / Net Sales for the Current Period 132,757 / Net sales in the same period of the previous year 117,745 / yoy_pct 12.7, Segment Real estate / Net Sales for the Current Period 2,589 / Net sales in the same period of the previous year 1,464 / yoy_pct 76.8, Segment Other (outside reportable segments) / Net Sales for the Current Period 541 / Net sales in the same period of the previous year 522 / yoy_pct 3.6
Segment profitSegment Construction / Segment profit for the current fiscal year 8,780 / Segment profit for the same period of the previous year 6,284 / yoy_pct 39.7, Segment Real estate / Segment profit for the current fiscal year 448 / Segment profit for the same period of the previous year 225 / yoy_pct 99.1, Segment Other (outside reportable segments) / Segment profit for the current fiscal year 22 / Segment profit for the same period of the previous year 41 / yoy_pct -46.3
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥190,500 million (YoY +13.4%)
Operating profit¥9,300 million (YoY +19.7%)
Ordinary income¥9,600 million (YoY +18.1%)
Net income¥6,400 million (YoY +15.4%)
Annual Dividend Forecast260 yen (the 2026 forecast is after the stock split) → 140 yen (the 2026 forecast is after the stock split)
Factors Behind Changes in Business Performance
Progress on construction work, mainly large-scale private-sector building projects, steady construction of contracted projects, improved construction profitability, and appropriate cost management. Ordinary profit also benefited from increases in interest and dividend income, while net income also benefited from the reversal of the provision for litigation losses and an increase in gains on sales of fixed assets.
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 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsNo matters to report.
Impairment lossAmount ¥33 million / Subject assets Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of fixed assets / Amount ¥23 million, Item Reversal of provision for litigation losses / Amount ¥248 million, Item Other / Amount ¥1 million / Extraordinary loss Item Loss on sale of non-current assets / Amount ¥17 million, Item Loss on disposal of non-current assets / Amount ¥3 million, Item Loss on valuation of investment securities / Amount ¥0 million, Item Impairment losses / Amount ¥33 million
Depreciation and amortization¥1,023 million
Orders received and order backlogOrders received Consolidated ¥146,689 million / Order backlog Not disclosed
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNone (対象者：Not disclosed)
Issued Shares at Period-End17,976,222 shares
Treasury Shares at Period-End1,837,285 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 September 2026 |
| Net Sales | ¥135,888 million (YoY +13.5%) |
| Operating profit | ¥9,101 million (YoY +41.5%) |
| Ordinary income | ¥9,404 million (YoY +42.7%) |
| Profit attributable to owners of the parent | ¥6,624 million (YoY +48.8%) |
| Net income per share | ¥402.01 |
| Equity ratio | End of the current fiscal period 59.1 / End of previous period 60.9 |
| Total assets | ¥158,420 million |
| Net assets | ¥94,008 million |
| Full-year earnings forecast | Net Sales ¥190,500 million (YoY +13.4%) / Operating profit ¥9,300 million (YoY +19.7%) / Ordinary income ¥9,600 million (YoY +18.1%) / Net income ¥6,400 million (YoY +15.4%) |
| Annual Dividend Forecast | 260 yen (the 2026 forecast is after the stock split) → 140 yen (the 2026 forecast is after the stock split) |
| Segment revenue | Segment Construction / Net Sales for the Current Period 132,757 / Net sales in the same period of the previous year 117,745 / yoy_pct 12.7, Segment Real estate / Net Sales for the Current Period 2,589 / Net sales in the same period of the previous year 1,464 / yoy_pct 76.8, Segment Other (outside reportable segments) / Net Sales for the Current Period 541 / Net sales in the same period of the previous year 522 / yoy_pct 3.6 |
| Segment profit | Segment Construction / Segment profit for the current fiscal year 8,780 / Segment profit for the same period of the previous year 6,284 / yoy_pct 39.7, Segment Real estate / Segment profit for the current fiscal year 448 / Segment profit for the same period of the previous year 225 / yoy_pct 99.1, Segment Other (outside reportable segments) / Segment profit for the current fiscal year 22 / Segment profit for the same period of the previous year 41 / yoy_pct -46.3 |
| Orders received and order backlog | Orders received Consolidated ¥146,689 million / Order backlog Not disclosed |
| Depreciation and amortization | ¥1,023 million |
| Impairment loss | Amount ¥33 million / Subject assets Not disclosed |
| Breakdown of extraordinary income (loss) | Extraordinary income Item Gain on sale of fixed assets / Amount ¥23 million, Item Reversal of provision for litigation losses / Amount ¥248 million, Item Other / Amount ¥1 million / Extraordinary loss Item Loss on sale of non-current assets / Amount ¥17 million, Item Loss on disposal of non-current assets / Amount ¥3 million, Item Loss on valuation of investment securities / Amount ¥0 million, Item Impairment losses / Amount ¥33 million |
| 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 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | No matters to report. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 17,976,222 shares |
| Treasury Shares at Period-End | 1,837,285 shares |
| Factors Behind Changes in Business Performance | Progress on construction work, mainly large-scale private-sector building projects, steady construction of contracted projects, improved construction profitability, and appropriate cost management. Ordinary profit also benefited from increases in interest and dividend income, while net income also benefited from the reversal of the provision for litigation losses and an increase in gains on sales of fixed assets. |
Items this document does not state (9)
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 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 reasons were steady progress on construction work, mainly large-scale private-sector building projects, steady construction of contracted projects, improved construction profitability, and higher gross profit resulting from appropriate cost management. Ordinary profit also benefited from increases in interest and dividend income, while net income attributable to owners of the parent also benefited from the recognition of a reversal of the provision for litigation losses and an increase in gains on sales of fixed assets.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.