Worth reading
49Recurring
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
-5.2
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales28,123¥ millionYear on year -0.6%Progress 46.1%
Operating profit2,652¥ millionYear on year -5.2%Progress 37.9%
Ordinary income2,945¥ millionYear on year -5.7%Progress 38.5%
Net income attributable to owners of the parent1,876¥ millionYear on year -1.2%
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¥40.88
Financial position at period-end
Total assets84,865¥ million
of which net assets 70,016 ¥ millionEquity ratio 81.9%vs. prior year-end +1.3pt
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+3,328
Investment-717
Financials-2,136
Net change+475
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¥37,182 million
Segment revenueConstruction projects business ¥25,312 million (YoY +0.9%), Boiler business ¥2,810 million (YoY -12.6%)
Segment profitConstruction projects business ¥2,552 million (YoY -7.5%), Boiler business ¥53 million
Regional sales¥26,381 million, ¥1,741 million, ¥0 million
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%)
Profit attributable to owners of the parent¥5,600 million (YoY +1.9%)
Annual Dividend Forecast65 yen → 65 yen（0.0%）
Factors Behind Changes in Business Performance
Order intake increased 11.4% year on year due to orders for large projects, but net sales fell 0.6% because revenue recognition associated with the progress of these projects was deferred to the second half and beyond. Operating profit fell 5.2% because the gross profit margin was below that of the previous period.
Disclosure regarding the going concern assumption
None
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 0 / Excluded 0 / Company name None
Impairment lossCurrent interim period None / Previous interim period ¥161 million
Breakdown of extraordinary income (loss)Current interim period Extraordinary income None / Extraordinary loss None / Previous interim period Extraordinary income Subsidy income ¥47 million / Extraordinary loss Impairment loss ¥161 million
Depreciation and amortization¥433 million
Orders received and order backlogOrders received ¥36,926 million / Order backlog ¥31,289 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-End9,208,304 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥28,123 million (YoY -0.6%) |
| Operating profit | ¥2,652 million (YoY -5.2%) |
| Ordinary income | ¥2,945 million (YoY -5.7%) |
| Profit attributable to owners of the parent | ¥1,876 million (YoY -1.2%) |
| Net income per share | ¥40.88 |
| Equity ratio | End of the current fiscal period 81.9 / End of previous period 80.6 |
| Total assets | ¥84,865 million |
| Net assets | ¥70,016 million |
| Cash flows from operating activities | ¥3,328 million |
| Cash flows from investing activities | ¥-717 million |
| Cash flows from financing activities | ¥-2,136 million |
| Cash and cash equivalents at end of period | ¥37,182 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%) / Profit attributable to owners of the parent ¥5,600 million (YoY +1.9%) |
| Annual Dividend Forecast | 65 yen → 65 yen（0.0%） |
| Segment revenue | Construction projects business ¥25,312 million (YoY +0.9%), Boiler business ¥2,810 million (YoY -12.6%) |
| Segment profit | Construction projects business ¥2,552 million (YoY -7.5%), Boiler business ¥53 million |
| Regional sales | ¥26,381 million, ¥1,741 million, ¥0 million |
| Orders received and order backlog | Orders received ¥36,926 million / Order backlog ¥31,289 million |
| Depreciation and amortization | ¥433 million |
| Impairment loss | Current interim period None / Previous interim period ¥161 million |
| Breakdown of extraordinary income (loss) | Current interim period Extraordinary income None / Extraordinary loss None / Previous interim period Extraordinary income Subsidy income ¥47 million / Extraordinary loss Impairment loss ¥161 million |
| Disclosure regarding the going concern assumption | None |
| 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 | New 0 / Excluded 0 / Company name None |
| 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 | 9,208,304 shares |
| Factors Behind Changes in Business Performance | Order intake increased 11.4% year on year due to orders for large projects, but net sales fell 0.6% because revenue recognition associated with the progress of these projects was deferred to the second half and beyond. Operating profit fell 5.2% because the gross profit margin was below that of the previous period. |
Items this document does not state (5)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyMaterial subsequent events
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 received large orders for the Boiler Business for the domestic market and for the Construction Work Business overseas, but revenue recognition associated with the progress of these large projects was deferred to the second half and beyond, and the gross profit margin fell below the previous period.
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.