Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-4.5
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales4,941¥ millionYear on year -4.5%Progress 21.5%
Operating profit-30¥ million
Ordinary income17¥ millionYear on year -95.6%Progress 1.3%
Net income attributable to owners of the parent16¥ millionYear on year -94.0%
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¥2.47
Financial position at period-end
Total assets19,605¥ million
of which net assets 13,682 ¥ millionEquity ratio 68.2%vs. prior year-end +4.5pt
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.
Segment revenueConstruction ¥4,920,799 thousand (YoY -4.5%), Civil engineering and construction consulting and related businesses ¥12,715 thousand (YoY -0.9%), Other Businesses ¥7,696 thousand
Segment profitConstruction ¥15,087 thousand (YoY -96.6%), Civil engineering and construction consulting and related businesses ¥-47,609 thousand, Other Businesses ¥2,097 thousand (YoY -23.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥23,000 million (YoY +9.0%)
Operating profit¥1,150 million (YoY -10.8%)
Ordinary income¥1,300 million (YoY -2.4%)
Profit attributable to owners of the parent¥1,000 million (YoY +6.5%)
Revision to Earnings ForecastNo revision
Annual Dividend Forecast¥60.5 → ¥62
Factors Behind Changes in Business Performance
A decline in ground improvement projects, highly profitable projects in the same period of the previous year, low-margin projects undertaken to prioritize keeping operations running, higher labor costs overall, and a one-off increase in selling, general and administrative expenses.
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 consolidationAdded: 0 companies; excluded: 0 companies (no applicable company names)
Material subsequent eventsOn 5 August 2026, the company disposed of 20,110 treasury shares as restricted stock compensation. The total disposal amount was ¥30,466,650, and the recipients were 6 directors and 4 executive officers.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥13,696 thousand / Extraordinary loss Losses on disposal of fixed assets ¥0 thousand, Directors' Retirement Benefits ¥37,100 thousand
Depreciation and amortization¥150,992 thousand
Orders received and order backlogOrders received ¥5,118,976 thousand / Order backlog ¥6,766,522 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End7,347,680
Treasury Shares at Period-End652,013
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥4,941 million (YoY -4.5%) |
| Operating profit | ¥-30 million |
| Ordinary income | ¥17 million (YoY -95.6%) |
| Profit attributable to owners of the parent | ¥16 million (YoY -94.0%) |
| Net income per share | ¥2.47 |
| Equity ratio | End of the current fiscal period 68.2 / End of previous period 63.7 |
| Total assets | ¥19,605 million |
| Net assets | ¥13,682 million |
| Full-year earnings forecast | Net Sales ¥23,000 million (YoY +9.0%) / Operating profit ¥1,150 million (YoY -10.8%) / Ordinary income ¥1,300 million (YoY -2.4%) / Profit attributable to owners of the parent ¥1,000 million (YoY +6.5%) |
| Revision to Earnings Forecast | No revision |
| Annual Dividend Forecast | ¥60.5 → ¥62 |
| Segment revenue | Construction ¥4,920,799 thousand (YoY -4.5%), Civil engineering and construction consulting and related businesses ¥12,715 thousand (YoY -0.9%), Other Businesses ¥7,696 thousand |
| Segment profit | Construction ¥15,087 thousand (YoY -96.6%), Civil engineering and construction consulting and related businesses ¥-47,609 thousand, Other Businesses ¥2,097 thousand (YoY -23.6%) |
| Orders received and order backlog | Orders received ¥5,118,976 thousand / Order backlog ¥6,766,522 thousand |
| Depreciation and amortization | ¥150,992 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥13,696 thousand / Extraordinary loss Losses on disposal of fixed assets ¥0 thousand, Directors' Retirement Benefits ¥37,100 thousand |
| 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 | Added: 0 companies; excluded: 0 companies (no applicable company names) |
| Material subsequent events | On 5 August 2026, the company disposed of 20,110 treasury shares as restricted stock compensation. The total disposal amount was ¥30,466,650, and the recipients were 6 directors and 4 executive officers. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 7,347,680 |
| Treasury Shares at Period-End | 652,013 |
| Factors Behind Changes in Business Performance | A decline in ground improvement projects, highly profitable projects in the same period of the previous year, low-margin projects undertaken to prioritize keeping operations running, higher labor costs overall, and a one-off increase in selling, general and administrative expenses. |
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 periodPayout ratioShareholder Return PolicyRegional salesImpairment 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.In addition to the decline in ground improvement projects, the company had highly profitable projects in the same period of the previous year, while low-margin projects were undertaken to prioritize keeping operations running. The company also incurred higher labor costs overall and a one-off increase in selling, general and administrative expenses. Foreign exchange gains and other items were recorded in ordinary income.
How to read this page
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