Worth reading
61In 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
35.7
Year-on-year change (operating profit, %)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales67,025¥ millionYear on year +3.0%Progress 47.9%
Operating profit9,373¥ millionYear on year +35.7%Progress 53.0%
Ordinary income9,516¥ millionYear on year +34.4%Progress 52.3%
Net income attributable to owners of the parent6,574¥ millionYear on year +31.1%Progress 52.6%
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¥39.83
Financial position at period-end
Total assets122,927¥ million
of which net assets 89,339 ¥ millionEquity ratio 72.0%vs. prior year-end +0.5pt
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.
Cash inflows and outflows
Operating+7,139
Investment-1,887
Financials-8,084
Net change-2,832
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¥27,072 million
Segment revenueConstruction Business ¥66,949 million
Segment profitConstruction Business ¥9,327 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥140,000 million (YoY +0.6%)
Operating profit¥17,700 million (YoY +2.9%)
Ordinary income¥18,200 million (YoY +2.8%)
Net income¥12,500 million (YoY +0.1%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥140,000 million / Operating profit Not disclosed → ¥17,700 million / Ordinary income Not disclosed → ¥18,200 million / Net income Not disclosed → ¥12,500 million
Annual Dividend Forecast145 yen (before adjustment for stock split) → 152 yen (before adjustment for stock split)（+4.8%）
Factors Behind Changes in Business Performance
Against a favorable order environment, orders received increased, and revenue increased as construction volume in the specialist civil engineering segment grew. Gross profit and profit at each stage also increased due to improved project profitability.
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 0 companies / Excluded 0 companies / Company name Not applicable
Material subsequent eventsEffective 1 October 2026, the Company split each common share into 4 shares and amended its Articles of Incorporation in connection with the stock split.
Impairment lossNot applicable
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥8 million / Extraordinary loss Not applicable
Depreciation and amortization¥1,508 million
Orders received and order backlogOrders received ¥105,270 million / Backlog (projects carried forward to the next fiscal year) ¥130,249 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End171,881,800
Treasury Shares at Period-End7,604,808
| 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 | ¥67,025 million (YoY +3.0%) |
| Operating profit | ¥9,373 million (YoY +35.7%) |
| Ordinary income | ¥9,516 million (YoY +34.4%) |
| Profit attributable to owners of the parent | ¥6,574 million (YoY +31.1%) |
| Net income per share | ¥39.83 |
| Equity ratio | End of the current fiscal period 72 / End of previous period 71.5 |
| Total assets | ¥122,927 million |
| Net assets | ¥89,339 million |
| Cash flows from operating activities | ¥7,139 million |
| Cash flows from investing activities | ¥-1,887 million |
| Cash flows from financing activities | ¥-8,084 million |
| Cash and cash equivalents at end of period | ¥27,072 million |
| Full-year earnings forecast | Net Sales ¥140,000 million (YoY +0.6%) / Operating profit ¥17,700 million (YoY +2.9%) / Ordinary income ¥18,200 million (YoY +2.8%) / Net income ¥12,500 million (YoY +0.1%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥140,000 million / Operating profit Not disclosed → ¥17,700 million / Ordinary income Not disclosed → ¥18,200 million / Net income Not disclosed → ¥12,500 million |
| Annual Dividend Forecast | 145 yen (before adjustment for stock split) → 152 yen (before adjustment for stock split)（+4.8%） |
| Segment revenue | Construction Business ¥66,949 million |
| Segment profit | Construction Business ¥9,327 million |
| Orders received and order backlog | Orders received ¥105,270 million / Backlog (projects carried forward to the next fiscal year) ¥130,249 million |
| Depreciation and amortization | ¥1,508 million |
| Impairment loss | Not applicable |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥8 million / Extraordinary loss Not applicable |
| 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 0 companies / Excluded 0 companies / Company name Not applicable |
| Material subsequent events | Effective 1 October 2026, the Company split each common share into 4 shares and amended its Articles of Incorporation in connection with the stock split. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 171,881,800 |
| Treasury Shares at Period-End | 7,604,808 |
| Factors Behind Changes in Business Performance | Against a favorable order environment, orders received increased, and revenue increased as construction volume in the specialist civil engineering segment grew. Gross profit and profit at each stage also increased due to improved project profitability. |
Items this document does not state (4)
Operating MarginPayout 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.In addition to the increase in revenue, operating profit and other items increased due to improved project profitability. The full-year forecast was revised upward because progress on projects under construction is exceeding the initial expectations for the fiscal year, and revenue and project profitability are expected to improve.
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.