Results for this period
Full year21 March 2025–20 March 2026ConsolidatedJapanese GAAPThe 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.
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.
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.
Improvement in employment and income conditions, inbound demand, and a recovery in public and private-sector capital investment. Transformation from on-site construction to factory production through piping processing at the company's own factories. Net income attributable to owners of the parent includes a gain on the sale of investment securities resulting from the sale of policy-held listed shares.
No applicable matters.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 21 March 2025–20 March 2026 |
| Net Sales | ¥54,327 million (YoY +2.2%) |
| Operating profit | ¥5,401 million (YoY +12.6%) |
| Ordinary income | ¥6,120 million (YoY +15.8%) |
| Profit attributable to owners of the parent | ¥4,589 million (YoY +16.7%) |
| Net income per share | ¥197.52 |
| Operating Margin | 9.9％ |
| Equity ratio | End of the current fiscal period 69.2％ / End of previous period 69.9％ |
| Total assets | ¥61,766 million |
| Net assets | ¥42,855 million |
| Cash flows from operating activities | ¥1,387 million |
| Cash flows from investing activities | ¥-2,032 million |
| Cash flows from financing activities | ¥-2,568 million |
| Cash and cash equivalents at end of period | ¥8,117 million |
| Full-year earnings forecast | Net Sales ¥55,000 million (YoY +1.2%) / Operating profit ¥4,800 million (YoY -11.1%) / Ordinary income ¥5,200 million (YoY -15.0%) / Net income ¥4,300 million (YoY -6.3%) |
| Annual Dividend Forecast | ¥60 per share → ¥77 per share |
| Payout ratio | 30.4％ |
| Shareholder Return Policy | For the fiscal year ending March 2026, the company targets a consolidated dividend payout ratio of at least 30%. From the fiscal year ending March 2027 onward, it targets a consolidated dividend payout ratio of 45% and a dividend-on-equity ratio (DOE) of 4.0%. |
| Segment revenue | Construction business ¥53,741,355 thousand, Commercial facility operations ¥585,655 thousand |
| Segment profit | Construction business ¥5,287,356 thousand, Commercial facility operations ¥132,805 thousand |
| Orders received and order backlog | Orders received ¥55,203,325 thousand / Order backlog ¥46,455,794 thousand |
| Depreciation and amortization | ¥557,455 thousand |
| Impairment loss | Not applicable for the current fiscal year |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥14,380 thousand, Gain on sale of investment securities ¥732,359 thousand / Extraordinary loss Loss on sale of fixed assets ¥19,832 thousand, Losses on disposal of fixed assets ¥14,868 thousand, Loss on sale of investment securities ¥26,871 thousand, Impairment Loss on Investment Securities ¥42,689 thousand |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name None / Excluded Number of companies 0 / Company name None |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 24,127,652 Shares |
| Treasury Shares at Period-End | 1,741,363 Shares |
| Factors Behind Changes in Business Performance | Improvement in employment and income conditions, inbound demand, and a recovery in public and private-sector capital investment. Transformation from on-site construction to factory production through piping processing at the company's own factories. Net income attributable to owners of the parent includes a gain on the sale of investment securities resulting from the sale of policy-held listed shares. |
Items this document does not state (2)
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.The company cited improvements in employment and income conditions, inbound demand, and a recovery in public investment and private-sector capital investment as factors behind its performance. It also advanced the shift from on-site construction to factory production by processing piping at its own factories. The forecast for the next fiscal year incorporates higher equipment and material costs resulting from investment in human capital and the impact of conditions in the Middle East.