Worth reading
58In focus
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
225
Millions of yen (year-on-year increase in operating profit)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportSecond quarter (interim period) of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥24,909 million-5.7%
Operating profit¥2,644 million+9.3%
Ordinary income¥3,004 million+8.8%
Net income¥2,428 million+11.0%
Gross Profit Margin17.2%
Operating profit margin10.6%
Selling, general and administrative expenses¥1,626 million
Full-year earnings forecast
Net Sales
¥55,000 million
Operating profit
¥5,300 million
Ordinary income
¥5,800 million
Profit attributable to owners of the parent
¥5,000 million
Earnings per share
¥223.32
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。
Consolidated revenueQ1 22.4%, Q2 22.9% (progress rate for each quarter)
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Profit decline due to lower construction revenue¥-221 million
- Profit increase due to the higher gross profit margin¥567 million
- Increase in SG&A expenses due to higher personnel expenses and other factors¥-120 million
New initiatives
- The target consolidated dividend payout ratio was raised from 30% to 45%.
- Introduction of DOE
- Enhance capabilities to handle large-scale properties, centered on industrialization
Key KPIsA metric the company considers important as a management benchmark.
- Consolidated orders received¥28,155 millionYear on year against the same period last year-7.6%
- Consolidated order backlog¥49,701 millionYear on year against the same period last year+0.1%
- Construction business within orders received¥27,846 millionYear on year against the same period last year-7.7%
- Standalone construction orders¥24,043 million
- Order ratio for factories and warehouses34 %
Segment results
Discloses net sales, orders received and order backlog by category for building and civil engineering, air conditioning and plumbing, electrical and communications, water treatment plants, refrigeration and cold storage, leasing (air conditioning and plumbing), and commercial facility operations. Profit is not disclosed by category.Orders received and order backlog
Orders received
¥28,155 million
Order backlog (carried forward)
¥49,701 million
Annual Dividend
Annual dividend per share¥91
Payout ratio
FY ending March 2027 forecast: 40.5%; target consolidated dividend payout ratio: 45%; amount equivalent to DOE of 4.75%| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥24,909 million (YoY -5.7%) |
| Operating profit | ¥2,644 million (YoY +9.3%) |
| Ordinary income | ¥3,004 million (YoY +8.8%) |
| Net income | ¥2,428 million (YoY +11.0%) |
| Gross Profit Margin | 17.2% |
| Operating profit margin | 10.6% |
| Selling, general and administrative expenses | ¥1,626 million |
| Full-year earnings forecast | Net Sales ¥55,000 million / Operating profit ¥5,300 million / Ordinary income ¥5,800 million / Profit attributable to owners of the parent ¥5,000 million / Earnings per share ¥223.32 |
| Progress against full-year forecast | Consolidated revenue Q1 22.4%, Q2 22.9% (progress rate for each quarter) |
| Segment results | Discloses net sales, orders received and order backlog by category for building and civil engineering, air conditioning and plumbing, electrical and communications, water treatment plants, refrigeration and cold storage, leasing (air conditioning and plumbing), and commercial facility operations. Profit is not disclosed by category. |
| Breakdown of Factors Affecting the Change | Factors Profit decline due to lower construction revenue / Amount ¥-221 million, Factors Profit increase due to the higher gross profit margin / Amount ¥567 million, Factors Increase in SG&A expenses due to higher personnel expenses and other factors / Amount ¥-120 million |
| Key KPIs | Consolidated orders received ¥28,155 million, Consolidated order backlog ¥49,701 million, Construction business within orders received ¥27,846 million, Standalone construction orders ¥24,043 million, Order ratio for factories and warehouses 34 % |
| Annual Dividend | Annual dividend per share ¥91 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | FY ending March 2027 forecast: 40.5%; target consolidated dividend payout ratio: 45%; amount equivalent to DOE of 4.75% |
| Orders received and order backlog | Orders received ¥28,155 million / Order backlog (carried forward) ¥49,701 million |
| New initiatives | The target consolidated dividend payout ratio was raised from 30% to 45%., Introduction of DOE, Enhance capabilities to handle large-scale properties, centered on industrialization |
Items this document does not state (13)
Results for the three months of the current quarterSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk 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.Net sales declined despite an increase in large projects, as many projects were in the early stages of construction. Operating profit increased because the rise in gross profit margin resulting from improved order profit margins more than offset the decline in construction revenue and the increase in SG&A expenses due to higher personnel expenses and 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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.