Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
34.3
% (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales139,216¥ millionYear on year +14.6%Progress 100.9%
Operating profit17,201¥ millionYear on year +34.3%Progress 102.1%
Ordinary income17,712¥ millionYear on year +34.5%Progress 102.4%
Net income attributable to owners of the parent12,487¥ millionYear on year +25.9%
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¥288.50
Operating MarginCurrent fiscal year 12.4 % / Previous period 10.5 %
Financial position at period-end
Total assets125,930¥ million
of which net assets 90,886 ¥ millionEquity ratio 71.5%vs. prior year-end -0.4pt
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+13,662
Investment-1,885
Financials-12,950
Net change-1,173
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¥29,975 million
Segment revenueConstruction ¥139,027 million
Segment profitConstruction ¥17,153 million
Regional sales¥123,181 million, ¥11,358 million, ¥4,676 million, ¥139,216 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥138,000 million (YoY -0.9%)
Operating profit¥16,850 million (YoY -2.0%)
Ordinary income¥17,300 million (YoY -2.3%)
Profit attributable to owners of the parent¥11,800 million (YoY -5.5%)
Annual Dividend Forecast¥100 → ¥146（+46.0%）
Payout ratio50.3
Shareholder Return PolicyThe Company will continue progressive dividend payments, targeting a payout ratio of at least 50%. It aims to achieve a dividend on equity (DOE) of at least 6% in the final year (fiscal 2027).
Factors Behind Changes in Business Performance
Against a favorable order environment, orders increased in the specialized civil engineering and building construction fields. Construction work on projects on hand progressed smoothly at the Company and its U.S. subsidiary, while project profitability improved in addition to the increase in net sales.
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 consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsNot applicable.
Impairment loss¥541 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥74 million, Gain on sale of investment securities ¥176 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥33 million, Impairment Losses ¥541 million, Loss on sale of investment securities ¥30 million, Impairment Losses on Shares of Affiliates ¥63 million, Loss on liquidation of an affiliated company ¥1 million
Depreciation and amortization¥3,062 million
Orders received and order backlogOrders received ¥143,760 million / Construction contracts carried forward to the next period ¥91,929 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End42,970,450
Treasury Shares at Period-End933,772
| 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 | ¥139,216 million (YoY +14.6%) |
| Operating profit | ¥17,201 million (YoY +34.3%) |
| Ordinary income | ¥17,712 million (YoY +34.5%) |
| Profit attributable to owners of the parent | ¥12,487 million (YoY +25.9%) |
| Net income per share | ¥288.50 |
| Operating Margin | Current fiscal year 12.4 % / Previous period 10.5 % |
| Equity ratio | End of the current fiscal period 71.5 / End of previous period 71.9 |
| Total assets | ¥125,930 million |
| Net assets | ¥90,886 million |
| Cash flows from operating activities | ¥13,662 million |
| Cash flows from investing activities | ¥-1,885 million |
| Cash flows from financing activities | ¥-12,950 million |
| Cash and cash equivalents at end of period | ¥29,975 million |
| Full-year earnings forecast | Net Sales ¥138,000 million (YoY -0.9%) / Operating profit ¥16,850 million (YoY -2.0%) / Ordinary income ¥17,300 million (YoY -2.3%) / Profit attributable to owners of the parent ¥11,800 million (YoY -5.5%) |
| Annual Dividend Forecast | ¥100 → ¥146（+46.0%） |
| Payout ratio | 50.3 |
| Shareholder Return Policy | The Company will continue progressive dividend payments, targeting a payout ratio of at least 50%. It aims to achieve a dividend on equity (DOE) of at least 6% in the final year (fiscal 2027). |
| Segment revenue | Construction ¥139,027 million |
| Segment profit | Construction ¥17,153 million |
| Regional sales | ¥123,181 million, ¥11,358 million, ¥4,676 million, ¥139,216 million |
| Orders received and order backlog | Orders received ¥143,760 million / Construction contracts carried forward to the next period ¥91,929 million |
| Depreciation and amortization | ¥3,062 million |
| Impairment loss | ¥541 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥74 million, Gain on sale of investment securities ¥176 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥33 million, Impairment Losses ¥541 million, Loss on sale of investment securities ¥30 million, Impairment Losses on Shares of Affiliates ¥63 million, Loss on liquidation of an affiliated company ¥1 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 | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 42,970,450 |
| Treasury Shares at Period-End | 933,772 |
| Factors Behind Changes in Business Performance | Against a favorable order environment, orders increased in the specialized civil engineering and building construction fields. Construction work on projects on hand progressed smoothly at the Company and its U.S. subsidiary, while project profitability improved in addition to the increase in net sales. |
Items this document does not state (1)
Revision to Earnings Forecast
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.Net sales increased as construction work on projects on hand progressed smoothly at the Company and its U.S. subsidiary. Profit increased due to higher net sales and improved project profitability. In the next fiscal year, the Company aims to secure the necessary level of profit by strengthening sales activities, selectively accepting orders with an emphasis on profitability, and enhancing its building construction and overseas businesses.
How to read this page
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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.