Komori
Earnings1942KANDENKO CO.,LTD.Construction and Materials

Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

For the fiscal year ending March 2026, revenue was ¥742,022 million and operating profit was ¥83,140 million, representing year-on-year increases in both revenue and operating profit, with a substantial increase in operating profit. For the fiscal year ending March 2027, the company expects higher revenue and profit, and has raised its annual dividend forecast from the previous fiscal year's actual dividend of ¥82 to ¥130.

Worth reading
52Recurring
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
42.5
% (year-on-year change in operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAP
Net Sales742,022¥ millionYear on year +10.4%Progress 95.1%
Operating profit83,140¥ millionYear on year +42.5%Progress 92.4%
Ordinary income84,981¥ millionYear on year +42.8%Progress 93.9%
Net income attributable to owners of the parent63,516¥ millionYear on year +49.9%

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¥311.77
Operating Margin11.2%
Financial position at period-end
Total assets635,618¥ million
of which net assets 405,687 ¥ millionEquity ratio 61.4%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+89,451
Investment-4,835
Financials-65,636
Net change+18,980

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¥77,151 million
Segment revenueFacilities construction ¥731,647 million (YoY +10.7%), Other (outside reportable segments) ¥10,374 million (YoY -6.4%)
Segment profitFacilities construction ¥80,687 million (YoY +43.1%), Other (outside reportable segments) ¥2,446 million (YoY +25.1%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥780,000 million (YoY +5.1%)
Operating profit¥90,000 million (YoY +8.3%)
Ordinary income¥90,500 million (YoY +6.5%)
Profit attributable to owners of the parent¥65,000 million (YoY +2.3%)
Annual Dividend Forecast¥82 → ¥130
Payout ratio39.8%
Shareholder Return PolicyTarget of a dividend payout ratio of approximately 40%, as set out in the 2024-2026 fiscal year Kandenko Group Medium-Term Management Plan
Factors Behind Changes in Business Performance

Orders received and revenue increased against a backdrop of strong corporate earnings, resilient personal consumption, demand for new construction and refurbishment of factories and office buildings, and work to address aging power facilities. The company also focused on sales activities in the AI and semiconductor and renewable energy sectors, renovation proposals, division of work responsibilities, and managing profitability and schedules by centralizing information from worksites.

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
Material subsequent eventsNo applicable matters
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥7,793 million, Other ¥635 million / Extraordinary loss Impairment Loss on Investment Securities ¥839 million, Loss on Disposal of Fixed Assets ¥507 million, Loss on sale of fixed assets ¥175 million, Other ¥156 million
Depreciation and amortization¥10,862 million
Orders received and order backlogOrders received ¥731,514 million / Order backlog Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End205,288,338 Shares
Treasury Shares at Period-End6,274,418 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2025–31 March 2026
Net Sales¥742,022 million (YoY +10.4%)
Operating profit¥83,140 million (YoY +42.5%)
Ordinary income¥84,981 million (YoY +42.8%)
Profit attributable to owners of the parent¥63,516 million (YoY +49.9%)
Net income per share¥311.77
Operating Margin11.2%
Equity ratioEnd of the current fiscal period 61.4% / End of previous period 61.0%
Total assets¥635,618 million
Net assets¥405,687 million
Cash flows from operating activities¥89,451 million
Cash flows from investing activities¥-4,835 million
Cash flows from financing activities¥-65,636 million
Cash and cash equivalents at end of period¥77,151 million
Full-year earnings forecastNet Sales ¥780,000 million (YoY +5.1%) / Operating profit ¥90,000 million (YoY +8.3%) / Ordinary income ¥90,500 million (YoY +6.5%) / Profit attributable to owners of the parent ¥65,000 million (YoY +2.3%)
Annual Dividend Forecast¥82 → ¥130
Payout ratio39.8%
Shareholder Return PolicyTarget of a dividend payout ratio of approximately 40%, as set out in the 2024-2026 fiscal year Kandenko Group Medium-Term Management Plan
Segment revenueFacilities construction ¥731,647 million (YoY +10.7%), Other (outside reportable segments) ¥10,374 million (YoY -6.4%)
Segment profitFacilities construction ¥80,687 million (YoY +43.1%), Other (outside reportable segments) ¥2,446 million (YoY +25.1%)
Orders received and order backlogOrders received ¥731,514 million / Order backlog Not disclosed
Depreciation and amortization¥10,862 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥7,793 million, Other ¥635 million / Extraordinary loss Impairment Loss on Investment Securities ¥839 million, Loss on Disposal of Fixed Assets ¥507 million, Loss on sale of fixed assets ¥175 million, Other ¥156 million
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Material subsequent eventsNo applicable matters
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End205,288,338 Shares
Treasury Shares at Period-End6,274,418 Shares
Factors Behind Changes in Business PerformanceOrders received and revenue increased against a backdrop of strong corporate earnings, resilient personal consumption, demand for new construction and refurbishment of factories and office buildings, and work to address aging power facilities. The company also focused on sales activities in the AI and semiconductor and renewable energy sectors, renovation proposals, division of work responsibilities, and managing profitability and schedules by centralizing information from worksites.
Items this document does not state (4)
Revision to Earnings ForecastRegional salesImpairment lossChanges in the scope of consolidation

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.

Private-sector construction investment remained at a high level, supported by demand for new construction and refurbishment of factories and office buildings. Investment in power facilities was also carried out systematically, mainly through work to address aging infrastructure. The company focused on sales activities in the AI and semiconductor and renewable energy sectors, proposals for renovation to address energy-related issues, expanding back-office functions, and managing profitability and schedules by centralizing information from worksites.

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Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated) | KANDENKO CO.,LTD. (1942) timely disclosure | Komori