Worth reading
39Recurring
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
24.7
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥83,797 million+24.7%
Operating profit¥5,827 million+58.4%
Ordinary income¥6,035 million+60.3%
Net income¥4,165 million+73.0%
Gross Profit Margin18.9 %
Selling, general and administrative expenses¥10,024 million
Results for the three months of the current quarter
Orders received
¥22,073 million+15.3%
Net Sales
¥22,597 million+29.4%
Operating profit
¥1,406 million+7.4%
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending March 2027
Orders received
¥81,000 million
Net Sales
¥80,500 million
Gross profit
¥15,100 million
Selling, general and administrative expenses
¥9,600 million
Operating profit
¥5,500 million
Ordinary income
¥5,500 million
Net income
¥3,700 million
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Incorporates fluctuations attributable to large-scale projectsNew initiatives
- Formulation of the Medium-Term Management Plan 2026
- Revised construction-type classifications and established a new renewal business area
- Joint research on a sewer pipeline management system with Saitama Prefecture, the Saitama Prefecture Sewerage Public Corporation and 6 private-sector companies
- Deployment of Hibinavi AI, an AI system for identifying and managing cracks
- Development of ChemiLogix, a chemical grouting platform
Key KPIsA metric the company considers important as a management benchmark.
- Orders received¥81,056 million+4.1%
- Carried-over construction orders¥58,176 million-4.5%
Segment results
Orders Received by Construction Type
Foundation and ground improvement works
¥25,970 million-4.4%
Slope stabilization works
¥38,971 million+3.5%
Repair Work
¥9,632 million+29.3%
Other
¥6,481 million+16.4%
Revenue by Construction Type
Foundation and ground improvement works
¥26,988 million+7.7%
Slope stabilization works
¥37,072 million+20.4%
Repair Work
¥12,654 million+81.2%
Other
¥7,082 million+61.4%
Medium-term management plan targets
PeriodFiscal years ending March 2027 to March 2029
Consolidated revenueThree-year average of at least ¥8.15 billion
Consolidated operating profitThree-year average of at least ¥5.7 billion
ROEAt least 10.0%
ROICAt least 10.0%
PBRAt least 1.5 times
EBITDAThree-year average of ¥6.0 billion
Financial targets
ROEAt least 10.0%
ROICAt least 10.0%
PBRAt least 1.5 times
EBITDAThree-year average of ¥6.0 billion
Orders received and order backlog
Orders received
¥81,056 million
Backlog carried forward
¥58,176 million
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥83,797 million (YoY +24.7%) |
| Operating profit | ¥5,827 million (YoY +58.4%) |
| Ordinary income | ¥6,035 million (YoY +60.3%) |
| Net income | ¥4,165 million (YoY +73.0%) |
| Gross Profit Margin | 18.9 % |
| Selling, general and administrative expenses | ¥10,024 million |
| Results for the three months of the current quarter | Orders received ¥22,073 million (YoY +15.3%) / Net Sales ¥22,597 million (YoY +29.4%) / Operating profit ¥1,406 million (YoY +7.4%) |
| Full-year earnings forecast | Fiscal Period Covered Fiscal year ending March 2027 / Orders received ¥81,000 million / Net Sales ¥80,500 million / Gross profit ¥15,100 million / Selling, general and administrative expenses ¥9,600 million / Operating profit ¥5,500 million / Ordinary income ¥5,500 million / Net income ¥3,700 million |
| Segment results | Orders Received by Construction Type Foundation and ground improvement works ¥25,970 million (YoY -4.4%) / Slope stabilization works ¥38,971 million (YoY +3.5%) / Repair Work ¥9,632 million (YoY +29.3%) / Other ¥6,481 million (YoY +16.4%) / Revenue by Construction Type Foundation and ground improvement works ¥26,988 million (YoY +7.7%) / Slope stabilization works ¥37,072 million (YoY +20.4%) / Repair Work ¥12,654 million (YoY +81.2%) / Other ¥7,082 million (YoY +61.4%) |
| Key KPIs | Orders received ¥81,056 million (YoY +4.1%), Carried-over construction orders ¥58,176 million (YoY -4.5%) |
| Assumptions Underlying the Business Outlook | Incorporates fluctuations attributable to large-scale projects |
| Medium-term management plan targets | Period Fiscal years ending March 2027 to March 2029 / Consolidated revenue Three-year average of at least ¥8.15 billion / Consolidated operating profit Three-year average of at least ¥5.7 billion / ROE At least 10.0% / ROIC At least 10.0% / PBR At least 1.5 times / EBITDA Three-year average of ¥6.0 billion |
| Financial targets | ROE At least 10.0% / ROIC At least 10.0% / PBR At least 1.5 times / EBITDA Three-year average of ¥6.0 billion |
| Orders received and order backlog | Orders received ¥81,056 million / Backlog carried forward ¥58,176 million |
| New initiatives | Formulation of the Medium-Term Management Plan 2026, Revised construction-type classifications and established a new renewal business area, Joint research on a sewer pipeline management system with Saitama Prefecture, the Saitama Prefecture Sewerage Public Corporation and 6 private-sector companies, Deployment of Hibinavi AI, an AI system for identifying and managing cracks, Development of ChemiLogix, a chemical grouting platform |
Items this document does not state (14)
Operating profit marginProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey points of the Q&A
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 company recognized revenue from restoration and reconstruction work following the Noto Peninsula Earthquake, erosion control and landslide mitigation work in Nara Prefecture, and the extension of the Hokkaido Shinkansen, in addition to having more projects contributing to the current fiscal year. For operating income, the company continued to verify profitability from the order-taking stage, manage costs during construction, and respond to design changes and additional construction work. For the fiscal year ending March 2027, the company incorporated fluctuations attributable to large-scale projects into its outlook.
How to read this page
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