Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
464
¥100 million (year-on-year increase in order intake)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending March 2027: second quarter10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥389 billion-4.0%
Operating profit¥48 billion+33.0%
Ordinary income¥52 billion+31.0%
Net income¥35 billion+26.5%
Gross Profit Margin25.1 %
Operating profit margin12.3 %
Full-year earnings forecast
Orders received
¥1,300 billion
Net Sales
¥1,050 billion
Gross profit
¥231 billion
Gross Profit Margin
22 %
Operating profit
¥110 billion
Profit attributable to owners of the parent
¥87 billion
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue is progressing as planned, while first-half profit is broadly in line with expectationsNew initiatives
- Expansion of order intake for large data center projects
- Three-company joint verification of hybrid cooling for high-density AI infrastructure
- Operation of off-site construction and logistics hubs through HIBIYA-LINk
- Data-driven management using BI, generative AI and BIM
Key KPIsA metric the company considers important as a management benchmark.
- Orders received¥927 billion+100.3%
- Backlog of orders on hand¥1,569 billionyoy_change+¥65.5 billion
- Coverage of the current fiscal year's sales forecast by construction order backlog88.6 %
- New graduate hires46 people+35.0%
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2029
Orders received
¥1,200 billion
Net Sales
¥1,130 billion
Operating profit
¥125 billion
Profit attributable to owners of the parent
¥95 billion
ROE12% range
Financial targets
ROE
Forecast for the fiscal year ending March 202711.2%
Target for the fiscal year ending March 202912% range
Orders received and order backlog
Orders received
¥927 billion
Backlog of orders on hand
¥1,569 billion
Number of employees
Changes and hiring plans during the periodNew graduate hires: 34 people joined in 2026, with 46 scheduled to join in 2027
Annual Dividend
110 yen per share
Interim Dividend¥55 (including a ¥5 commemorative dividend)
Year-end dividend¥55 (including a ¥5 commemorative dividend)
Payout ratio
50 % approximate
Forecast value54.5
Acquisition of treasury shares
Repurchased
¥6.69 billion
Number of Shares1.95 million shares
PeriodMay 2026
Additional Acquisition Capacity
Number of Shares300,000 shares
Maximum Amount¥1.1 billion
PeriodResolution on 11 November 2026
Total Limit for Current Fiscal Year
¥7.79 billion
Number of Shares2.25 million shares
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending March 2027: second quarter |
| Net Sales | ¥389 billion (YoY -4.0%) |
| Operating profit | ¥48 billion (YoY +33.0%) |
| Ordinary income | ¥52 billion (YoY +31.0%) |
| Net income | ¥35 billion (YoY +26.5%) |
| Gross Profit Margin | 25.1 % |
| Operating profit margin | 12.3 % |
| Full-year earnings forecast | Orders received ¥1,300 billion / Net Sales ¥1,050 billion / Gross profit ¥231 billion / Gross Profit Margin 22 % / Operating profit ¥110 billion / Profit attributable to owners of the parent ¥87 billion |
| Self-assessment against the plan | Revenue is progressing as planned, while first-half profit is broadly in line with expectations |
| Key KPIs | Orders received ¥927 billion (YoY +100.3%), Backlog of orders on hand ¥1,569 billion, Coverage of the current fiscal year's sales forecast by construction order backlog 88.6 %, New graduate hires 46 people (YoY +35.0%) |
| Number of employees | Number of Employees Not disclosed / Changes and hiring plans during the period New graduate hires: 34 people joined in 2026, with 46 scheduled to join in 2027 |
| Medium-term management plan targets | Target fiscal year Fiscal year ending March 2029 / Orders received ¥1,200 billion / Net Sales ¥1,130 billion / Operating profit ¥125 billion / Profit attributable to owners of the parent ¥95 billion / ROE 12% range |
| Financial targets | ROE Forecast for the fiscal year ending March 2027 11.2% / Target for the fiscal year ending March 2029 12% range |
| Annual Dividend | 110 yen per share |
| Payout ratio | 50 % (approximate) |
| Acquisition of treasury shares | Repurchased Number of Shares 1.95 million shares / Amount ¥6.69 billion / Period May 2026 / Additional Acquisition Capacity Number of Shares 300,000 shares / Maximum Amount ¥1.1 billion / Period Resolution on 11 November 2026 / Total Limit for Current Fiscal Year Number of Shares 2.25 million shares / Amount ¥7.79 billion |
| Orders received and order backlog | Orders received ¥927 billion / Backlog of orders on hand ¥1,569 billion |
| New initiatives | Expansion of order intake for large data center projects, Three-company joint verification of hybrid cooling for high-density AI infrastructure, Operation of off-site construction and logistics hubs through HIBIYA-LINk, Data-driven management using BI, generative AI and BIM |
Items this document does not state (12)
Selling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookCapital 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.Order intake increased mainly in the HVAC, plumbing and electrical segments, led by large data center projects, and the company also won large office projects. The company said that strategic sales activities, rigorous project profitability management and efforts to improve productivity contributed to profit growth. It attributed the decline in revenue to factors including the recognition of revenue from large office projects in the same period of the previous year.
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.