Worth reading
50Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-176
¥ millions (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst 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¥12,297 million-9.5%
Operating profit¥1,154 million-13.2%
Ordinary income¥1,212 million-15.2%
Net income¥856 million -6.3%profit attributable to owners of the parent
Gross Profit Margin15.8%
Operating profit margin9.4%
Selling, general and administrative expenses¥792 million
Results for the three months of the current quarterRevenue: ¥12,297 million; operating profit: ¥1,154 million; ordinary profit: ¥1,212 million; quarterly net income attributable to owners of the parent: ¥856 million
Full-year earnings forecast
Net Sales
¥55,000 million
Operating profit
¥4,800 million
Ordinary income
¥5,200 million
Profit attributable to owners of the parent
¥4,300 million
Earnings per share
¥192.08
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales22.4%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Changes in orders by type and changes in revenue by type are provided, but a bridge by factor for overall performance is Not disclosed
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
A substantial backlog of construction projects, enhanced capabilities to handle large-scale properties, increases in materials, equipment and labor costs associated with larger construction projects, upfront investment in the Techno Park, investment in human capital, and the impact of higher crude oil prices. Numerical assumptions are Not disclosed.New initiatives
- Raise the target payout ratio from the previous 30% to 45%
- Newly introduce DOE
- Upfront investment in the Techno Park
- Enhance capabilities to handle large-scale properties, centered on industrialization
Key KPIsA metric the company considers important as a management benchmark.
- Consolidated orders received¥13,106 millionYear on year against the same period last year-15.6%
- Consolidated order backlog¥47,264 millionYear on year against the same period last year-0.6%
- Standalone construction orders¥11,004 million
- Negotiated-order ratio82.4 %
- Order ratio for factories and warehouses44.9 %
Segment results
Construction business
Net Sales
¥12,144 million-9.6%
Commercial facility operations
Net Sales
¥153 million0.0%
Orders received and order backlog
Orders received
¥13,106 million
Order backlog (consolidated order backlog)
¥47,264 million
Annual Dividend
Annual dividend per share¥77
Payout ratio
Rate45 %
Total payout ratio40.1% (forecast)
DOEAn amount equivalent to 4%
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥12,297 million (YoY -9.5%) |
| Operating profit | ¥1,154 million (YoY -13.2%) |
| Ordinary income | ¥1,212 million (YoY -15.2%) |
| Net income | ¥856 million (profit attributable to owners of the parent) (YoY -6.3%) |
| Gross Profit Margin | 15.8% |
| Operating profit margin | 9.4% |
| Selling, general and administrative expenses | ¥792 million |
| Results for the three months of the current quarter | Revenue: ¥12,297 million; operating profit: ¥1,154 million; ordinary profit: ¥1,212 million; quarterly net income attributable to owners of the parent: ¥856 million |
| Full-year earnings forecast | Net Sales ¥55,000 million / Operating profit ¥4,800 million / Ordinary income ¥5,200 million / Profit attributable to owners of the parent ¥4,300 million / Earnings per share ¥192.08 |
| Progress against full-year forecast | Net Sales 22.4% |
| Segment results | Construction business Net Sales ¥12,144 million (YoY -9.6%) / Commercial facility operations Net Sales ¥153 million (YoY 0.0%) |
| Breakdown of Factors Affecting the Change | Changes in orders by type and changes in revenue by type are provided, but a bridge by factor for overall performance is Not disclosed |
| Key KPIs | Indicator name Consolidated orders received / Value ¥13,106 million / Year on year against the same period last year ¥-15.6 million, Indicator name Consolidated order backlog / Value ¥47,264 million / Year on year against the same period last year ¥-0.6 million, Indicator name Standalone construction orders / Value ¥11,004 million / Year on year against the same period last year Not disclosed, Indicator name Negotiated-order ratio / Value 82.4 % / Year on year against the same period last year Not disclosed, Indicator name Order ratio for factories and warehouses / Value 44.9 % / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | A substantial backlog of construction projects, enhanced capabilities to handle large-scale properties, increases in materials, equipment and labor costs associated with larger construction projects, upfront investment in the Techno Park, investment in human capital, and the impact of higher crude oil prices. Numerical assumptions are Not disclosed. |
| Annual Dividend | Annual dividend per share ¥77 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | Rate 45 % / Total payout ratio 40.1% (forecast) / DOE An amount equivalent to 4% |
| Orders received and order backlog | Orders received ¥13,106 million / Order backlog (consolidated order backlog) ¥47,264 million |
| New initiatives | Raise the target payout ratio from the previous 30% to 45%, Newly introduce DOE, Upfront investment in the Techno Park, Enhance capabilities to handle large-scale properties, centered on industrialization |
Items this document does not state (11)
Self-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresMarket 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.Orders declined because new orders were strategically restrained to optimize the construction framework in terms of quality and delivery times. Revenue declined because major construction projects were in their early stages, while operating profit fell due to higher personnel expenses and other factors. The full-year operating profit forecast takes into account increases in materials, equipment and labor costs associated with larger construction projects, upfront investment in the Techno Park, investment in human capital, and the impact of higher crude oil prices, among other factors.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.