Worth reading
46Recurring
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
15.9
Year-on-year change in completed construction revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥35,513 million+15.9%
Operating profit¥955 million-51.6%
Ordinary income¥1,461 million-38.1%
Net income¥2,739 million+73.4%
Gross Profit Margin11.3 %
Operating profit margin2.7 %
Results for the three months of the current quarterOrders received totaled ¥57.5 billion, completed construction revenue was ¥35.5 billion, operating income was ¥900 million, ordinary income was ¥1.4 billion, and net income attributable to owners of the parent was ¥2.7 billion. All figures represent results for the first quarter alone.
Full-year earnings forecast
Orders received
¥180,000 million
Completed construction
¥160,000 million
Gross profit on completed construction
¥29,000 million
Operating profit
¥16,000 million
Ordinary income
¥16,500 million
Net income for the current fiscal year
¥12,800 million
Carried-over construction orders
¥168,747 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in completed construction revenue: progress in large-scale development projects in the Tokyo metropolitan area, production facilities including semiconductor-related facilities, data centers, and overseas operations. Decline in operating income and ordinary income: increased investment in human capital. Increase in net income: recognition of gains on the sale of investment securities.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The outlook is stated as being based on certain assumptions, but specific figures for foreign exchange rates, raw material prices, volumes, interest rates and other factors are not disclosed.Key KPIsA metric the company considers important as a management benchmark.
- Orders received¥57,563 million-6.7%
- Carried-over construction orders¥170,796 million+8.8%
- New construction orders received¥22,395 million-29.3%
- Orders received for renovation work¥35,168 million+17.1%
- Completed new construction revenue¥19,288 million+25.2%
- Completed renewal construction revenue¥16,225 million+6.6%
Medium-term management plan targets
Plan nameSNK Vision 2030 PhaseⅢ
TargetMaintain DOE of at least 5%, continue progressive dividends through fiscal 2029, return a cumulative total of approximately ¥30 billion to shareholders during Phase III, and use the acquisition of 2 million treasury shares as a guideline.
Orders received and order backlog
Orders received
¥57,563 million
Carried-over construction orders
¥170,796 million
Annual Dividend
¥120 per share
Interim60
End of period60
Payout ratio
not disclosed (forecast DOE: 7.8%)Acquisition of treasury shares
Number of SharesApproximately 2 million shares
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥35,513 million (YoY +15.9%) |
| Operating profit | ¥955 million (YoY -51.6%) |
| Ordinary income | ¥1,461 million (YoY -38.1%) |
| Net income | ¥2,739 million (YoY +73.4%) |
| Gross Profit Margin | 11.3 % |
| Operating profit margin | 2.7 % |
| Results for the three months of the current quarter | Orders received totaled ¥57.5 billion, completed construction revenue was ¥35.5 billion, operating income was ¥900 million, ordinary income was ¥1.4 billion, and net income attributable to owners of the parent was ¥2.7 billion. All figures represent results for the first quarter alone. |
| Full-year earnings forecast | Orders received ¥180,000 million / Completed construction ¥160,000 million / Gross profit on completed construction ¥29,000 million / Operating profit ¥16,000 million / Ordinary income ¥16,500 million / Net income for the current fiscal year ¥12,800 million / Carried-over construction orders ¥168,747 million |
| Breakdown of Factors Affecting the Change | Increase in completed construction revenue: progress in large-scale development projects in the Tokyo metropolitan area, production facilities including semiconductor-related facilities, data centers, and overseas operations. Decline in operating income and ordinary income: increased investment in human capital. Increase in net income: recognition of gains on the sale of investment securities. |
| Key KPIs | Orders received ¥57,563 million (YoY -6.7%), Carried-over construction orders ¥170,796 million (YoY +8.8%), New construction orders received ¥22,395 million (YoY -29.3%), Orders received for renovation work ¥35,168 million (YoY +17.1%), Completed new construction revenue ¥19,288 million (YoY +25.2%), Completed renewal construction revenue ¥16,225 million (YoY +6.6%) |
| Assumptions Underlying the Business Outlook | The outlook is stated as being based on certain assumptions, but specific figures for foreign exchange rates, raw material prices, volumes, interest rates and other factors are not disclosed. |
| Medium-term management plan targets | Plan name SNK Vision 2030 PhaseⅢ / Target Maintain DOE of at least 5%, continue progressive dividends through fiscal 2029, return a cumulative total of approximately ¥30 billion to shareholders during Phase III, and use the acquisition of 2 million treasury shares as a guideline. |
| Annual Dividend | ¥120 per share |
| Payout ratio | not disclosed (forecast DOE: 7.8%) |
| Acquisition of treasury shares | Number of Shares Approximately 2 million shares / Amount Not disclosed / Period Not disclosed |
| Orders received and order backlog | Orders received ¥57,563 million / Carried-over construction orders ¥170,796 million |
Items this document does not state (13)
Selling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsCapital expendituresMarket Size / ShareKey points of the Q&ANew initiatives
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.Completed construction revenue increased, driven by large-scale development projects in the Tokyo metropolitan area, production facilities including semiconductor-related facilities, data centers, progress in overseas operations, and a substantial construction order backlog. Operating income and ordinary income declined due to increased investment in human capital, while net income increased due to the recognition of gains on the sale of investment securities.
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