Worth reading
70In 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
6261
¥ million (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsFY2026 second quarter13 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales116,915 Millions of yen+14.7%
Operating profit12,803 Millions of yen+95.7%
Ordinary income13,544 Millions of yen+92.5%
Net income10,279 Millions of yen+82.7%
Gross Profit Margin23.3 %
Operating profit margin11 %
Selling, general and administrative expenses14,479 Millions of yen
Results for the three months of the current quarter
Net Sales
63,491 Millions of yen
Gross profit
15,475 Millions of yen
Operating profit
8,235 Millions of yen
Ordinary income
8,457 Millions of yen
Net income
5,903 Millions of yen
Full-year earnings forecast
Net Sales
270,000 Millions of yen
Gross profit
65,500 Millions of yen
Operating profit
36,000 Millions of yen
Ordinary income
37,000 Millions of yen
Net income
32,300 Millions of yen
Orders received
330,000 Millions of yen
Carried-forward construction work
310,794 Millions of yen
EPS
211.43 Yen
Annual Dividend
85 Yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress exceeding the previous forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Change in building-equipment revenue¥28.7 100 million
- Change in plant-equipment revenue¥2.4 100 million
- Change in the gross profit margin for building equipment¥47.9 100 million
- Change in the gross profit margin for plant equipment¥-14 100 million
- Increase in personnel costs due to higher salary levels and other factors¥-2.4 100 million
New initiatives
- Built and began operating a high-performance direct-expansion system compatible with new refrigerants
- Developed a shelf-less automated warehouse system requiring no fixed shelving
- Launched a project to support partner companies
- Developed and began trial operation of construction support robots and multifunctional measurement robots
- Accelerated the pace of reducing strategic shareholdings
- Launched a business strategy project to formulate the next medium-term management plan
Key KPIsA metric the company considers important as a management benchmark.
- Orders received146,794 Millions of yenYear on year against the same period last year-1.5%
- Carried-forward construction work280,673 Millions of yenYear on year against the same period last year+8.9%
- Equity ratio60.8 %
- Engagement score59.2 Standard scoreYear on year against the same period last year+2.3%
- Voluntary turnover rate1.3 %
Segment results
Building equipment
Net Sales
98,160 Millions of yen+14.5%
Operating profit
13,795 Millions of yen+100.1%
Plant equipment
Net Sales
17,689 Millions of yen+16.3%
Operating profit
-1,715 Millions of yen
Real Estate
Net Sales
1,310 Millions of yen-0.2%
Operating profit
535 Millions of yen+3.5%
Medium-term management plan targets
Target fiscal yearFY2027
Net Sales
300,000 Millions of yen
Operating profit
30,000 Millions of yen
ROE
16 % or higher
Number of employees
2,900 People
DOE
5 % or higher
Comparison with actual resultsExpected to achieve in FY2026 the ¥30 billion operating profit target set for FY2027
Financial targets
ROE
Target16.0% or higher
Actual resultsFY2026 forecast: 25.6%
DOE
Target5.0% or more
Actual resultsFY2026 forecast: 10.3%
Equity ratio
Actual results60.8 %
Orders received and order backlog
Orders received
146,794 Millions of yen
Carried-forward construction work
280,673 Millions of yen
Number of employees
Number of Employees2,705 People
Hiring plan138 new graduates scheduled to join the company in April 2027
Capital expenditures
¥4,916 million investment cash flow from the acquisition of ES Matrix shares
Annual Dividend
Annual
85 Yen
Interim
42.5 Yen
End of period
42.5 Yen
Payout ratio
Total payout ratio71.2% (FY2026 forecast)
DOE10.3% (FY2026 forecast)
Acquisition of treasury shares
Buyback limit
10,000 Millions of yen
Number of Shares4,500,000
Actual purchasesApproximately 920,000 shares by the end of October 2026
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | FY2026 second quarter |
| Net Sales | 116,915 Millions of yen (YoY +14.7%) |
| Operating profit | 12,803 Millions of yen (YoY +95.7%) |
| Ordinary income | 13,544 Millions of yen (YoY +92.5%) |
| Net income | 10,279 Millions of yen (YoY +82.7%) |
| Gross Profit Margin | 23.3 % |
| Operating profit margin | 11 % |
| Selling, general and administrative expenses | 14,479 Millions of yen |
| Results for the three months of the current quarter | Net Sales 63,491 Millions of yen / Gross profit 15,475 Millions of yen / Operating profit 8,235 Millions of yen / Ordinary income 8,457 Millions of yen / Net income 5,903 Millions of yen |
| Full-year earnings forecast | Net Sales 270,000 Millions of yen / Gross profit 65,500 Millions of yen / Operating profit 36,000 Millions of yen / Ordinary income 37,000 Millions of yen / Net income 32,300 Millions of yen / Orders received 330,000 Millions of yen / Carried-forward construction work 310,794 Millions of yen / EPS 211.43 Yen / Annual Dividend 85 Yen |
| Self-assessment against the plan | Progress exceeding the previous forecast |
| Segment results | Building equipment Net Sales 98,160 Millions of yen (YoY +14.5%) / Operating profit 13,795 Millions of yen (YoY +100.1%) / Plant equipment Net Sales 17,689 Millions of yen (YoY +16.3%) / Operating profit -1,715 Millions of yen / Real Estate Net Sales 1,310 Millions of yen (YoY -0.2%) / Operating profit 535 Millions of yen (YoY +3.5%) |
| Breakdown of Factors Affecting the Change | Factors Change in building-equipment revenue / Amount ¥28.7 100 million, Factors Change in plant-equipment revenue / Amount ¥2.4 100 million, Factors Change in the gross profit margin for building equipment / Amount ¥47.9 100 million, Factors Change in the gross profit margin for plant equipment / Amount ¥-14 100 million, Factors Increase in personnel costs due to higher salary levels and other factors / Amount ¥-2.4 100 million |
| Key KPIs | Indicator name Orders received / Value 146,794 Millions of yen / Year on year against the same period last year -1.5 Millions of yen, Indicator name Carried-forward construction work / Value 280,673 Millions of yen / Year on year against the same period last year 8.9 Millions of yen, Indicator name Equity ratio / Value 60.8 % / Year on year against the same period last year Not disclosed, Indicator name Engagement score / Value 59.2 Standard score / Year on year against the same period last year 2.3 Standard score, Indicator name Voluntary turnover rate / Value 1.3 % / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 2,705 People / Hiring plan 138 new graduates scheduled to join the company in April 2027 |
| Medium-term management plan targets | Target fiscal year FY2027 / Net Sales 300,000 Millions of yen / Operating profit 30,000 Millions of yen / ROE 16 % or higher / Number of employees 2,900 People / DOE 5 % or higher / Comparison with actual results Expected to achieve in FY2026 the ¥30 billion operating profit target set for FY2027 |
| Financial targets | ROE Target 16.0% or higher / Actual results FY2026 forecast: 25.6% / DOE Target 5.0% or more / Actual results FY2026 forecast: 10.3% / Equity ratio Actual results 60.8 % |
| Annual Dividend | Annual 85 Yen / Interim 42.5 Yen / End of period 42.5 Yen |
| Payout ratio | 非開示 |
| Acquisition of treasury shares | Buyback limit Number of Shares 4,500,000 Millions of yen / Amount 10,000 Millions of yen / Period Not disclosed / Actual purchases Approximately 920,000 shares by the end of October 2026 |
| Capital expenditures | ¥4,916 million (investment cash flow from the acquisition of ES Matrix shares) |
| Orders received and order backlog | Orders received 146,794 Millions of yen / Carried-forward construction work 280,673 Millions of yen |
| New initiatives | Built and began operating a high-performance direct-expansion system compatible with new refrigerants, Developed a shelf-less automated warehouse system requiring no fixed shelving, Launched a project to support partner companies, Developed and began trial operation of construction support robots and multifunctional measurement robots, Accelerated the pace of reducing strategic shareholdings, Launched a business strategy project to formulate the next medium-term management plan |
Items this document does not state (7)
Progress against full-year forecastUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMarket 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.Gross profit increased on progress in high-margin carried-over projects, improved profitability in large carried-over projects, and strong sales of small and medium-sized projects, exceeding the increase in selling, general and administrative expenses, including personnel costs. Following a detailed review of the latest project progress and order outlook, the full-year forecast was revised upward.
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