Stable earnings, business growth, and contribution to social infrastructure

「Under these circumstances, the Company's operating results for the same period were revenue of ¥9,722 million, operating income of ¥548 million, ordinary income of ¥593 million and quarterly net income attributable to owners of the parent of ¥322 million, as a result of the steady execution of work on hand and the promotion of cost-reduction measures. Revenue and income increased year on year.」

「Results for the fiscal year under review exceeded all of the targets set as targets to be achieved continuously from fiscal 2027 onward in the "Progress of the Medium-Term Management Plan" announced on 9 January 2026: operating profit of at least ¥3 billion, net profit of at least ¥2 billion and ROE of at least 10%.」

「Against this backdrop, results for the period were revenue of ¥19,951 million, operating profit of ¥1,001 million, ordinary profit of ¥1,048 million and interim net profit attributable to owners of the parent of ¥675 million, reflecting higher revenue and earnings year on year due to the steady execution of work on hand and an increase in repair and maintenance work.」

「Against this backdrop, results for the period were revenue of ¥17,304 million, operating profit of ¥855 million, ordinary profit of ¥871 million and interim net profit attributable to owners of the parent of ¥501 million, mainly due to the steady execution of a high level of work on hand and improvements in gross margins resulting from cost-reduction efforts.」

「The fiscal year under review was positioned in the medium-term management plan announced on 31 January 2024 as Phase 0, a preparation period, with the goal of returning to pre-COVID performance indicators. We achieved all numerical targets in the plan for revenue, operating profit and margin, net profit and ROE based on the fiscal 2023 forecast. From fiscal 2024 onward, we have designated the period as Phase 1, during which we plan to generate at least ¥3 billion in operating profit over three years from fiscal 2024 to fiscal 2026, while making growth investments and returning profits to shareholders to enhance corporate value.」

「As a result, results for the period were revenue of ¥24,363 million, operating profit of ¥23 million, ordinary profit of ¥127 million and quarterly net profit attributable to owners of the parent of ¥13 million.」

「As a result, results for the period were revenue of ¥15,562 million, operating profit of ¥57 million, ordinary profit of ¥123 million and quarterly net profit attributable to owners of the parent of ¥88 million.」

「Against this backdrop, results for the period were revenue of ¥6,743 million, operating loss of ¥319 million, ordinary loss of ¥286 million and quarterly net loss attributable to owners of the parent of ¥212 million.」

「As a result of various measures to restore performance in fiscal 2022, all indicators improved from the previous fiscal year, but the company did not achieve its sustained target values and assessed its current position as being in the process of recovering performance.」

「Against this backdrop, results for the period were revenue of ¥22,945 million, operating loss of ¥152 million, ordinary loss of ¥21 million and quarterly net loss attributable to owners of the parent of ¥49 million. On the earnings front, results remained roughly at the previous year's level due to deteriorating profitability in individual projects and upfront investments to strengthen construction capabilities.」

「Against this backdrop, results for the period were revenue of ¥14,622 million, operating loss of ¥285 million, ordinary loss of ¥217 million and quarterly net loss attributable to owners of the parent of ¥169 million. Although the company secured a higher revenue scale than in the same period of the previous year, earnings were below the previous year due to the profitability of individual projects and upfront investments to strengthen construction capabilities.」

「Against this backdrop, results for the period were revenue of ¥6,231 million, operating loss of ¥462 million, ordinary loss of ¥426 million and quarterly net loss attributable to owners of the parent of ¥315 million, below the same period of the previous year, mainly due to deteriorating project profitability caused by additional work on large projects and higher selling, general and administrative expenses.」

「In the fiscal year under review, the second year of the medium-term management strategy, consolidated revenue was ¥29,159 million, the consolidated ordinary profit margin was 1.8%, and ROE was 1.7%, all below the management targets to be achieved. In addition to the continuation of the market environment described above, uncertainty surrounding Ukraine and other factors mean that a full economic recovery remains difficult to foresee. Against this backdrop, our new medium-term management plan is based on the policy of building, over the three years through 2024, a robust business foundation capable of consistently achieving the targets to be achieved on a sustained basis, while further deepening and accelerating measures to strengthen our business and management foundations that have already been initiated and implemented.」

「As a result, for the nine months ended in the third quarter, revenue was ¥20,271 million, operating loss was ¥94 million, ordinary loss was ¥43 million, and quarterly net loss attributable to owners of the parent was ¥61 million.」

「Against this backdrop, we focused on strengthening proposal-based sales capabilities and cost competitiveness in the electrical facilities construction business (indoor wiring, social infrastructure and power transmission) and the merchandise sales business, sought to improve gross margins on medium-sized renovation projects and repair and maintenance work, and actively pursued the expansion of business opportunities through inter-business collaboration, a key growth strategy initiative, as well as the development of ZEB and energy-saving businesses, whose importance has increased in recent years as part of efforts to achieve a decarbonized society. However, due to fluctuations in construction timing caused by the postponement of orders for large new-build projects, small and medium-sized renovation projects and repair and maintenance work that had been expected to generate orders, it became difficult to secure the revenue scale assumed at the beginning of the fiscal year. Despite measures including cost reductions, results for the six months ended in the second quarter were revenue of ¥13,285 million, operating loss of ¥60 million, ordinary loss of ¥42 million, and quarterly net loss attributable to owners of the parent of ¥51 million.」

「As a result, for the three months ended in the first quarter, revenue was ¥6,343 million, operating loss was ¥55 million, ordinary loss was ¥34 million, and quarterly net loss attributable to owners of the parent was ¥39 million, representing higher revenue and improved earnings year on year. Although uncertainty remains in the market, we will continue implementing management initiatives toward achieving our management targets.」

「In the fiscal year under review, the first year of the medium-term management strategy, consolidated revenue was ¥32,424 million, the consolidated ordinary profit margin was 4.0%, and ROE was 4.9%, all below the management targets to be achieved.」

「Against this backdrop, we focused on strengthening proposal-based sales capabilities and cost competitiveness in the electrical facilities construction business (indoor wiring, social infrastructure and power transmission) and the merchandise sales business, while working to expand business opportunities through inter-business collaboration positioned as a growth strategy initiative. However, for the nine months ended in the third quarter, revenue of ¥22,726 million, operating profit of ¥593 million, ordinary profit of ¥664 million and quarterly net profit attributable to owners of the parent of ¥425 million were all below the same period of the previous year due to decreases in repair and maintenance work and large projects, as well as the contraction of sales activities caused by the spread of COVID-19. Although results for the nine months ended in the third quarter represented lower revenue and earnings year on year, construction projects progressed steadily as a result of thorough internal measures to prevent the spread of infection, and we will continue working toward achieving the full-year consolidated earnings forecast announced on 7 August 2020.」

「Against this backdrop, we focused on strengthening proposal-based sales capabilities and cost competitiveness in the electrical facilities construction business (indoor wiring, social infrastructure and power transmission) and the merchandise sales business, while working to expand business opportunities through inter-business collaboration positioned as a growth strategy initiative. As a result, for the six months ended in the second quarter, revenue of ¥14,460 million, operating profit of ¥254 million, ordinary profit of ¥302 million and quarterly net profit attributable to owners of the parent of ¥193 million were all below the same period of the previous year due to decreases in repair and maintenance work and large projects, as well as the contraction of sales activities caused by the spread of COVID-19. However, the results exceeded the earnings forecast for the six months ended in the second quarter announced on the Tokyo Stock Exchange on 7 August 2020, as we steadily implemented planned improvement measures and reassessed all expenditure items in light of the difficult conditions for securing revenue.」

「Against this backdrop, we focused on strengthening proposal-based sales capabilities and cost competitiveness in the electrical facilities construction business (indoor wiring, social infrastructure and power transmission) and the merchandise sales business, while working to expand business opportunities through inter-business collaboration positioned as a growth strategy initiative. However, due to a decrease in repair and maintenance work and large projects, as well as restrictions on sales activities caused by the spread of the novel coronavirus, revenue was ¥5,949 million, down 14.2% year on year. Due to the decrease in revenue and fluctuations in projects, operating loss was ¥283 million, ordinary loss was ¥259 million, and quarterly net loss attributable to owners of the parent was ¥193 million.」

「Over the four-year period, as shown in the table below, we exceeded and achieved the target indicators in all three areas: growth, profitability and soundness. Growth: taking into account the expansion of our business scale to date, we will continue strengthening our construction capabilities with the target of securing revenue of at least ¥37 billion, while aiming to achieve a business scale of ¥40 billion in revenue. Profitability: our target is to secure at least 5.0%. Soundness: by continuing efforts to improve profitability, our target for ROE is to secure at least 8.0%, the level generally expected of listed companies.」

「Although we promoted stronger proposal-based sales in the renovation field, our growth strategy, revenue was ¥24,097 million, down 7.7% year on year, due mainly to a decrease in completed construction revenue from small and medium-sized projects, despite an increase in completed construction revenue from large projects. In addition to the decrease in completed construction revenue, upfront investments in ICT and other areas aimed at improving operations resulted in operating profit of ¥1,010 million, down 30.9% year on year, ordinary profit of ¥1,048 million, down 30.8%, and quarterly net profit attributable to owners of the parent of ¥659 million, down 33.0%. Although the results for the nine months ended in the third quarter represented lower revenue and earnings year on year, progress toward achieving the targets of consolidated revenue of at least ¥35 billion, a consolidated ordinary profit margin of at least 4% and ROE of at least 6%, described as targets to be achieved on a sustained basis, and the full-year consolidated earnings forecast announced on 26 April 2019 remains steady.」

「Although we promoted stronger proposal-based sales in the renovation field, our growth strategy, revenue was ¥16,011 million, down 4.3% year on year, due to a decrease in completed construction revenue caused by delays in construction progress and other factors. Gross profit exceeded that of the same period of the previous year, but investments in ICT and other areas aimed at improving operations resulted in operating profit of ¥661 million, down 4.2% year on year, ordinary profit of ¥672 million, down 7.2%, and quarterly net profit attributable to owners of the parent of ¥423 million, down 9.5%. Although all three figures were below those of the same period of the previous year, they substantially exceeded the earnings forecast for the six months ended in the second quarter announced by the Tokyo Stock Exchange on 26 April 2019, as a result of active efforts to reduce construction costs through improvements in construction management and methods.」

「Against this backdrop, stronger proposal-based sales in the renovation field, our growth strategy, resulted in revenue of ¥6,935 million, up 2.9% year on year. On the earnings front, efforts to reduce construction costs, including improvements in construction management and methods, improved operating loss by ¥48 million to ¥61 million, ordinary loss by ¥51 million to ¥44 million, and quarterly net loss attributable to owners of the parent by ¥7 million to ¥56 million. All three figures were better than in the same period of the previous year.」

「(Targets to be achieved on a sustained basis) ・Consolidated revenue: at least ¥35 billion ・Consolidated ordinary profit margin: at least 4% ・ROE: at least 6% In the fiscal year under review, the third year of our medium-term management strategy, consolidated revenue was ¥37,527 million, the consolidated ordinary profit margin was 7.5%, and ROE was 12.5%, substantially exceeding the targets.」

「Stronger proposal-based sales in the renovation field, our growth strategy, increased completed construction revenue, resulting in revenue of ¥26,109 million, up 13.1% year on year. On the earnings front, the results of efforts to reduce construction costs, including by lowering material costs through improvements in construction management and methods, resulted in operating profit of ¥1,462 million, up 164.6% year on year, ordinary profit of ¥1,515 million, up 162.7%, and quarterly net profit attributable to owners of the parent of ¥984 million, up 179.6%. All three figures were substantially higher than in the same period of the previous year.」

「Against this backdrop, the increase in completed construction revenue resulting from stronger proposal-based sales in the renovation field, our growth strategy, led to revenue of ¥16,724 million, up 10.9% year on year. On the earnings front, the results of efforts to reduce construction costs, including by lowering material costs through improvements in construction management and methods, resulted in operating profit of ¥690 million, up 78.3% year on year, ordinary profit of ¥724 million, up 81.3%, and quarterly net profit attributable to owners of the parent of ¥468 million, up 87.9%. All three figures exceeded those of the same period of the previous year.」

「Revenue was ¥6,737 million, down 5.4% year on year, due to fluctuations in large completed projects and other factors. Operating loss was ¥109 million, compared with operating profit of ¥83 million in the same period of the previous year; ordinary loss was ¥95 million, compared with ordinary profit of ¥97 million; and quarterly net loss attributable to owners of the parent was ¥64 million, compared with quarterly net profit attributable to owners of the parent of ¥53 million. There were no changes to the earnings or dividend forecasts announced on 27 April 2018.」

「In light of results for the fiscal years ended March 2017 and March 2018, we revised our targets upward, seeking a higher level of profitability, from a consolidated ordinary profit margin of at least 3% to at least 4% and ROE of at least 5% to at least 6%.」

「Although we actively promoted sales activities, including technical proposals to customers, revenue was ¥23,077 million, down 1.3% year on year, due mainly to a decrease in large completed projects. On the earnings front, the results of efforts to reduce construction costs, including by lowering material costs through improvements in construction management and methods, resulted in operating profit of ¥552 million, up 12.9% year on year, ordinary profit of ¥576 million, up 6.6%, and quarterly net profit attributable to owners of the parent of ¥351 million, up 0.5%.」

「Against this backdrop, our active promotion of sales activities, including technical proposals to customers, resulted in revenue of ¥15,076 million, up 0.7% year on year and ¥108 million higher than in the same period of the previous year. On the earnings front, the results of efforts to reduce construction costs, including by lowering material costs through improvements in construction management and methods, resulted in operating profit of ¥387 million, up 48.0% year on year, ordinary profit of ¥399 million, up 34.3%, and quarterly net profit attributable to owners of the parent of ¥249 million, up 28.3%. All three figures exceeded those of the same period of the previous year.」

「Against this backdrop, our vigorous promotion of sales activities, including technical proposals to customers, resulted in revenue of ¥7,125 million, up 6.7% year on year and ¥449 million higher than in the same period of the previous year. On the earnings front, the results of efforts to reduce construction costs, including by lowering material costs through improvements in construction management and methods, improved operating profit by ¥152 million to ¥83 million, ordinary profit by ¥158 million to ¥97 million, and quarterly net profit attributable to owners of the parent by ¥89 million to ¥53 million. All three figures exceeded those of the same period of the previous year.」

「Against this backdrop, our customer-oriented sales activities and sales activities focused on market trends resulted in revenue of ¥23,370 million, up 1.4% year on year. On the earnings front, continued efforts to reduce construction costs, including by lowering material costs through improvements in construction management and methods, resulted in operating profit of ¥489 million, up 88.9% year on year, ordinary profit of ¥541 million, up 80.8%, and quarterly net profit attributable to owners of the parent of ¥350 million, up 128.9%. All three figures were substantially higher than in the same period of the previous year.」

「Against this backdrop, our focused, customer-oriented sales activities and technical proposal activities resulted in orders received of ¥16,972 million, up 2.3% year on year, an increase of ¥374 million from the same period of the previous year. Revenue, which fluctuated with construction progress, was ¥14,967 million, up 4.2% year on year and ¥600 million higher than in the same period of the previous year. On the earnings front, continued efforts to reduce construction costs, including by lowering material costs through improvements in construction management and methods, together with an increase in completed construction revenue, improved operating profit by ¥495 million to ¥261 million, ordinary profit by ¥506 million to ¥297 million, and quarterly net profit attributable to owners of the parent by ¥375 million to ¥194 million. All three figures were substantially higher than in the same period of the previous year.」

「Against this backdrop, our focused, customer-oriented sales activities and comprehensive one-stop services resulted in revenue of ¥6,676 million, up 5.4% year on year, an increase of ¥343 million from the same period of the previous year. On the earnings front, continued efforts to reduce construction costs, including by lowering material costs through improvements in construction management and methods, improved operating loss by ¥137 million to ¥68 million, ordinary loss by ¥133 million to ¥60 million, and net loss attributable to owners of the parent by ¥113 million to ¥35 million. All three figures were better than in the same period of the previous year.」

「Against this backdrop, we will work to realize advanced social infrastructure as an integrated facilities company contributing to the development of social infrastructure, in order to achieve stable revenue and business growth.」