Worth reading
60In focus
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
-27.7
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales60,299¥ millionYear on year -9.0%Progress 98.9%
Operating profit7,675¥ millionYear on year -27.7%Progress 109.6%
Ordinary income8,306¥ millionYear on year -26.1%Progress 108.6%
Net income attributable to owners of the parent5,494¥ millionYear on year -35.0%Progress 98.1%
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¥116.92
Operating Margin12.7%
Financial position at period-end
Total assets85,597¥ million
of which net assets 69,522 ¥ millionEquity ratio 80.6%vs. prior year-end +3.2pt
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+6,497
Investment+2,285
Financials-5,639
Net change+3,143
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¥36,696 million
Segment revenue
Construction projects business54,14589.8%-8.1%
Boiler business6,15410.2%-16.1%
Segment profit
Construction projects business7,34396.9%-27.3%
Boiler business2373.1%-52.5%
Regional sales
Japan56,55393.8%
Asia3,7416.2%
Other40.0%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥61,000 million (YoY +1.2%)
Operating profit¥7,000 million (YoY -8.8%)
Ordinary income¥7,650 million (YoY -7.9%)
Net income¥5,600 million (YoY +1.9%)
Annual Dividend Forecast¥65 → ¥65
Payout ratio55.6%
Shareholder Return PolicyTarget a dividend on equity (DOE) of at least 4% and a dividend payout ratio of approximately 30% to 40%. Share repurchases will be conducted flexibly.
Factors Behind Changes in Business Performance
The number of large-scale construction projects in progress declined in both the Construction Works business and the Boiler business. The decline in revenue and personnel expenses and other costs affected profit. In the Boiler business, costs increased due to the operation of the new plant.
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 consolidationThere were no significant changes to the scope of consolidation during the period. The number and names of companies newly included in or excluded from consolidation are Not disclosed.
Material subsequent eventsNot applicable.
Impairment loss¥2,880 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥68 million, Subsidy Income ¥47 million, Gain on sale of investment securities ¥1,818 million / Extraordinary loss Impairment Losses ¥2,880 million
Depreciation and amortization¥963 million
Orders received and order backlogOrders received ¥63,536 million / Order backlog ¥22,486 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Not disclosed
Issued Shares at Period-End55,117,218 shares
Treasury Shares at Period-End9,215,122 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥60,299 million (YoY -9.0%) |
| Operating profit | ¥7,675 million (YoY -27.7%) |
| Ordinary income | ¥8,306 million (YoY -26.1%) |
| Profit attributable to owners of the parent | ¥5,494 million (YoY -35.0%) |
| Net income per share | ¥116.92 |
| Operating Margin | 12.7% |
| Equity ratio | End of the current fiscal period 80.6% / End of previous period 77.4% |
| Total assets | ¥85,597 million |
| Net assets | ¥69,522 million |
| Cash flows from operating activities | ¥6,497 million |
| Cash flows from investing activities | ¥2,285 million |
| Cash flows from financing activities | ¥-5,639 million |
| Cash and cash equivalents at end of period | ¥36,696 million |
| Full-year earnings forecast | Net Sales ¥61,000 million (YoY +1.2%) / Operating profit ¥7,000 million (YoY -8.8%) / Ordinary income ¥7,650 million (YoY -7.9%) / Net income ¥5,600 million (YoY +1.9%) |
| Annual Dividend Forecast | ¥65 → ¥65 |
| Payout ratio | 55.6% |
| Shareholder Return Policy | Target a dividend on equity (DOE) of at least 4% and a dividend payout ratio of approximately 30% to 40%. Share repurchases will be conducted flexibly. |
| Segment revenue | Construction projects business ¥54,145 million (YoY -8.1%) / Boiler business ¥6,154 million (YoY -16.1%) |
| Segment profit | Construction projects business ¥7,343 million (YoY -27.3%) / Boiler business ¥237 million (YoY -52.5%) |
| Regional sales | Japan ¥56,553 million / Asia ¥3,741 million / Other ¥4 million |
| Orders received and order backlog | Orders received ¥63,536 million / Order backlog ¥22,486 million |
| Depreciation and amortization | ¥963 million |
| Impairment loss | ¥2,880 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥68 million, Subsidy Income ¥47 million, Gain on sale of investment securities ¥1,818 million / Extraordinary loss Impairment Losses ¥2,880 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | There were no significant changes to the scope of consolidation during the period. The number and names of companies newly included in or excluded from consolidation are Not disclosed. |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Not disclosed |
| Issued Shares at Period-End | 55,117,218 shares |
| Treasury Shares at Period-End | 9,215,122 shares |
| Factors Behind Changes in Business Performance | The number of large-scale construction projects in progress declined in both the Construction Works business and the Boiler business. The decline in revenue and personnel expenses and other costs affected profit. In the Boiler business, costs increased due to the operation of the new plant. |
Items this document does not state (1)
Revision to Earnings Forecast
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 number of large-scale construction projects in progress declined in both the Construction Works business and the Boiler business, while personnel expenses and other costs also had an impact. In the Boiler business, higher costs associated with the operation of the new plant also weighed on profit.
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.