Komori
Earnings1963JGC HOLDINGS CORPORATIONConstruction and Materials

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

For the fiscal year ended March 2026, revenue decreased 13.1%, while operating income turned from a loss in the previous fiscal year to a profit of ¥35,399 million, and net income reached ¥41,842 million. For the next fiscal year, revenue is expected to decline, while operating income is expected to increase. The annual dividend forecast was raised from ¥40 to ¥52.

Worth reading
59In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
35399
¥ million
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAP
Net Sales745,280¥ millionYear on year -13.1%Progress 111.2%
Operating profit35,399¥ millionProgress 88.5%
Ordinary income58,188¥ millionYear on year +414.0%Progress 126.5%
Net income attributable to owners of the parent41,842¥ million

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¥173.06
Operating Margin4.7
Financial position at period-end
Total assets838,793¥ million
of which net assets 431,191 ¥ millionEquity ratio 51.2%vs. prior year-end +1.4pt

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+79,898
Investment-14,822
Financials-10,979
Net change+54,097

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¥400,470 million
Segment revenueComprehensive engineering business ¥679,588 million (YoY -14.5%), Functional Materials Manufacturing Business ¥56,995 million (YoY +4.3%), Other Businesses ¥8,696 million (YoY +2.8%)
Segment profitComprehensive engineering business ¥33,641 million, Functional Materials Manufacturing Business ¥7,676 million (YoY -6.4%), Other Businesses ¥2,113 million (YoY -12.2%)
Regional sales¥190,933 million, ¥115,063 million, ¥244,038 million, ¥54,611 million, ¥115,720 million, ¥24,912 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥670,000 million (YoY -10.1%)
Operating profit¥40,000 million (YoY +13.0%)
Ordinary income¥46,000 million (YoY -20.9%)
Profit attributable to owners of the parent¥46,000 million (YoY +9.9%)
Annual Dividend Forecast¥40 → ¥52（+30.0%）
Payout ratio27.3
Factors Behind Changes in Business Performance

In the comprehensive engineering business, profitability improved following the completion of multiple large overseas projects, while demand for catalyst, fine chemical and fine ceramic products expanded in the functional materials manufacturing business.

Disclosure regarding the going concern assumption

Not applicable.

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 eventsAt a meeting of the Board of Directors held on 14 April 2026, the company resolved to transfer its shares in 水ing株式会社 to INFRONEER Holdings Inc. on 1 July 2026 (予定). The transfer price is ¥30.4 billion, the gain on sale of investment securities recognized on a consolidated basis is approximately ¥20.0 billion, and the ownership interest will be 0% after the transfer. Two subsidiaries of 水ing株式会社 will also be excluded from the corporate group.
Impairment loss¥424 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥3,465 million / Extraordinary loss Impairment Losses ¥424 million, Loss on Disposal of Fixed Assets ¥184 million, Impairment loss on investment securities ¥274 million
Depreciation and amortization¥11,321 million
Orders received and order backlogOrders received ¥478,057 million / Order backlog ¥1,166,695 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End244,293,008 shares
Treasury Shares at Period-End2,442,309 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¥745,280 million (YoY -13.1%)
Operating profit¥35,399 million
Ordinary income¥58,188 million (YoY +414.0%)
Profit attributable to owners of the parent¥41,842 million
Net income per share¥173.06
Operating Margin4.7
Equity ratioEnd of the current fiscal period 51.2 / End of previous period 49.8
Total assets¥838,793 million
Net assets¥431,191 million
Cash flows from operating activities¥79,898 million
Cash flows from investing activities¥-14,822 million
Cash flows from financing activities¥-10,979 million
Cash and cash equivalents at end of period¥400,470 million
Full-year earnings forecastNet Sales ¥670,000 million (YoY -10.1%) / Operating profit ¥40,000 million (YoY +13.0%) / Ordinary income ¥46,000 million (YoY -20.9%) / Profit attributable to owners of the parent ¥46,000 million (YoY +9.9%)
Annual Dividend Forecast¥40 → ¥52（+30.0%）
Payout ratio27.3
Segment revenueComprehensive engineering business ¥679,588 million (YoY -14.5%), Functional Materials Manufacturing Business ¥56,995 million (YoY +4.3%), Other Businesses ¥8,696 million (YoY +2.8%)
Segment profitComprehensive engineering business ¥33,641 million, Functional Materials Manufacturing Business ¥7,676 million (YoY -6.4%), Other Businesses ¥2,113 million (YoY -12.2%)
Regional sales¥190,933 million, ¥115,063 million, ¥244,038 million, ¥54,611 million, ¥115,720 million, ¥24,912 million
Orders received and order backlogOrders received ¥478,057 million / Order backlog ¥1,166,695 million
Depreciation and amortization¥11,321 million
Impairment loss¥424 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥3,465 million / Extraordinary loss Impairment Losses ¥424 million, Loss on Disposal of Fixed Assets ¥184 million, Impairment loss on investment securities ¥274 million
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement 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 eventsAt a meeting of the Board of Directors held on 14 April 2026, the company resolved to transfer its shares in 水ing株式会社 to INFRONEER Holdings Inc. on 1 July 2026 (予定). The transfer price is ¥30.4 billion, the gain on sale of investment securities recognized on a consolidated basis is approximately ¥20.0 billion, and the ownership interest will be 0% after the transfer. Two subsidiaries of 水ing株式会社 will also be excluded from the corporate group.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End244,293,008 shares
Treasury Shares at Period-End2,442,309 shares
Factors Behind Changes in Business PerformanceIn the comprehensive engineering business, profitability improved following the completion of multiple large overseas projects, while demand for catalyst, fine chemical and fine ceramic products expanded in the functional materials manufacturing business.
Items this document does not state (2)
Revision to Earnings ForecastShareholder Return Policy

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.

Profitability improved as the company steadily executed large-scale domestic and overseas projects, including the completion of multiple large overseas projects in the comprehensive engineering business. Demand for catalyst, fine chemical and fine ceramic products also expanded in the functional materials manufacturing business. Meanwhile, rising interest rates and higher construction costs led some customers to postpone final decisions on capital investments.

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Financial Results for the Fiscal Year Ending March 2026 (Japanese GAAP) (Consolidated) | JGC HOLDINGS CORPORATION (1963) timely disclosure | Komori