Worth reading
55In 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
33.3
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 GAAPNet Sales154,884¥ millionYear on year +12.5%Progress 96.8%
Operating profit15,128¥ millionYear on year +33.3%Progress 94.6%
Ordinary income15,881¥ millionYear on year +32.6%Progress 96.2%
Net income attributable to owners of the parent12,154¥ millionYear on year +25.9%Progress 95.0%
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¥267.76
Operating Margin9.8%
Financial position at period-end
Total assets135,391¥ million
of which net assets 82,669 ¥ millionEquity ratio 61.0%vs. prior year-end +2.4pt
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+11,621
Investment+197
Financials-5,169
Net change+6,649
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¥26,869 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥160,000 million (YoY +3.3%)
Operating profit¥16,000 million (YoY +5.8%)
Ordinary income¥16,500 million (YoY +3.9%)
Net income¥12,800 million (YoY +5.3%)
Annual Dividend Forecast¥110 → ¥120（+9.1%）
Payout ratioFiscal year ending March 2026 41.1% / Forecast for the fiscal year ending March 2027 42.6%
Shareholder Return PolicyThe company will return profits with a minimum dividend-on-equity (DOE) ratio of 5% and maintain progressive dividends through the fiscal year ending March 2030.
Factors Behind Changes in Business Performance
In addition to higher revenue from completed construction projects, improvements in profitability at the order-taking stage, more sophisticated project management and greater efficiency in the construction structure contributed to the results.
Disclosure regarding the going concern assumption
None (the notes on going concern state that there are 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
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 eventsNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥1,056 million, Gain on liquidation of investment securities ¥45 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥5 million, Impairment Loss on Investment Securities ¥99 million
Depreciation and amortization¥701 million
Orders received and order backlogOrders received ¥177,762 million / Carried-over construction orders ¥148,747 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End48,564,450
Treasury Shares at Period-End3,115,992
| 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 | ¥154,884 million (YoY +12.5%) |
| Operating profit | ¥15,128 million (YoY +33.3%) |
| Ordinary income | ¥15,881 million (YoY +32.6%) |
| Profit attributable to owners of the parent | ¥12,154 million (YoY +25.9%) |
| Net income per share | ¥267.76 |
| Operating Margin | 9.8% |
| Equity ratio | End of the current fiscal period 61.0% / End of previous period 58.6% |
| Total assets | ¥135,391 million |
| Net assets | ¥82,669 million |
| Cash flows from operating activities | ¥11,621 million |
| Cash flows from investing activities | ¥197 million |
| Cash flows from financing activities | ¥-5,169 million |
| Cash and cash equivalents at end of period | ¥26,869 million |
| Full-year earnings forecast | Net Sales ¥160,000 million (YoY +3.3%) / Operating profit ¥16,000 million (YoY +5.8%) / Ordinary income ¥16,500 million (YoY +3.9%) / Net income ¥12,800 million (YoY +5.3%) |
| Annual Dividend Forecast | ¥110 → ¥120（+9.1%） |
| Payout ratio | Fiscal year ending March 2026 41.1% / Forecast for the fiscal year ending March 2027 42.6% |
| Shareholder Return Policy | The company will return profits with a minimum dividend-on-equity (DOE) ratio of 5% and maintain progressive dividends through the fiscal year ending March 2030. |
| Orders received and order backlog | Orders received ¥177,762 million / Carried-over construction orders ¥148,747 million |
| Depreciation and amortization | ¥701 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥1,056 million, Gain on liquidation of investment securities ¥45 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥5 million, Impairment Loss on Investment Securities ¥99 million |
| Disclosure regarding the going concern assumption | None (the notes on going concern state that there are no applicable matters) |
| 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 | No applicable matters. |
| 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 | 48,564,450 |
| Treasury Shares at Period-End | 3,115,992 |
| Factors Behind Changes in Business Performance | In addition to higher revenue from completed construction projects, improvements in profitability at the order-taking stage, more sophisticated project management and greater efficiency in the construction structure contributed to the results. |
Items this document does not state (5)
Revision to Earnings ForecastSegment revenueSegment profitRegional salesImpairment loss
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 higher revenue from completed construction projects, improvements in profitability at the order-taking stage, more sophisticated project management and greater efficiency in the construction structure contributed to the results.
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.