Worth reading
57In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
69.1
Year-on-year change in operating income (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 October 2025–30 September 2026ConsolidatedJapanese GAAPNet Sales12,384Millions of yenYear on year +10.0%Progress 95.3%
Operating profit1,213Millions of yenYear on year +69.1%Progress 93.3%
Ordinary income1,111Millions of yenYear on year +61.0%Progress 91.7%
Net income attributable to owners of the parent567Millions of yenYear on year +21.6%
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¥89.06
Operating Margin9.8%
Financial position at period-end
Total assets10,451Millions of yen
of which net assets 3,912 Millions of yenEquity ratio 37.4%vs. prior year-end +0.2pt
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+1,338
Investment-982
Financials+247
Net change+603
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).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 period2,214 Millions of yen
Segment revenueElectrical construction business 10,275 Millions of yen (YoY +7.6%), Real-Estate-Related Business 2,086 Millions of yen (YoY +23.0%)
Segment profitElectrical construction business 995 Millions of yen (YoY +93.1%), Real-Estate-Related Business 187 Millions of yen (YoY +20.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales13,000 Millions of yen (YoY +5.0%)
Operating profit1,300 Millions of yen (YoY +7.1%)
Ordinary income1,211 Millions of yen (YoY +8.9%)
Profit attributable to owners of the parent758 Millions of yen (YoY +33.6%)
Annual Dividend Forecast26 Yen → 28 Yen（+7.7%）
Payout ratioFiscal year ending September 2026 29.2% / Forecast for the fiscal year ending September 2027 23.5%
Factors Behind Changes in Business Performance
Consolidated order intake declined because the company prioritized completing projects ordered in the previous fiscal year and restrained new orders. Revenue increased on steady construction progress and the acquisition of Hiroshima property management operations, while profit increased as construction profitability improved.
Disclosure regarding the going concern assumption
No applicable items.
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationAdded: 0 companies; excluded: 0 companies
Material subsequent eventsThe consolidated subsidiary ETSライン株式会社 entered into a syndicated commitment line agreement with an arrangement amount of ¥1 billion on 10 November 2026 for the purpose of securing working capital, and entered into a ¥200 million commitment line agreement on 9 October 2026.
Impairment loss73,274 Thousands of yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 401 Thousands of yen, Gain on reversal of asset retirement obligations 11,021 Thousands of yen / Extraordinary loss Impairment Losses 73,274 Thousands of yen, Loss on disposal of fixed assets 0 Thousands of yen, Loss on valuation of investment securities 418 Thousands of yen, Provision for warranty reserve for completed construction contracts 130,000 Thousands of yen
Depreciation and amortization203,899 Thousands of yen
Orders received and order backlogOrders received 9,588 Millions of yen
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingWhether applicable Available / Subject person Not disclosed
Issued Shares at Period-End6,368,903 shares
Treasury Shares at Period-End1 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 October 2025–30 September 2026 |
| Net Sales | 12,384 Millions of yen (YoY +10.0%) |
| Operating profit | 1,213 Millions of yen (YoY +69.1%) |
| Ordinary income | 1,111 Millions of yen (YoY +61.0%) |
| Profit attributable to owners of the parent | 567 Millions of yen (YoY +21.6%) |
| Net income per share | ¥89.06 |
| Operating Margin | 9.8% |
| Equity ratio | End of the current fiscal period 37.4% / End of previous period 37.2% |
| Total assets | 10,451 Millions of yen |
| Net assets | 3,912 Millions of yen |
| Cash flows from operating activities | 1,338 Millions of yen |
| Cash flows from investing activities | -982 Millions of yen |
| Cash flows from financing activities | 247 Millions of yen |
| Cash and cash equivalents at end of period | 2,214 Millions of yen |
| Full-year earnings forecast | Net Sales 13,000 Millions of yen (YoY +5.0%) / Operating profit 1,300 Millions of yen (YoY +7.1%) / Ordinary income 1,211 Millions of yen (YoY +8.9%) / Profit attributable to owners of the parent 758 Millions of yen (YoY +33.6%) |
| Annual Dividend Forecast | 26 Yen → 28 Yen（+7.7%） |
| Payout ratio | Fiscal year ending September 2026 29.2% / Forecast for the fiscal year ending September 2027 23.5% |
| Segment revenue | Electrical construction business 10,275 Millions of yen (YoY +7.6%), Real-Estate-Related Business 2,086 Millions of yen (YoY +23.0%) |
| Segment profit | Electrical construction business 995 Millions of yen (YoY +93.1%), Real-Estate-Related Business 187 Millions of yen (YoY +20.6%) |
| Orders received and order backlog | Orders received 9,588 Millions of yen |
| Depreciation and amortization | 203,899 Thousands of yen |
| Impairment loss | 73,274 Thousands of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 401 Thousands of yen, Gain on reversal of asset retirement obligations 11,021 Thousands of yen / Extraordinary loss Impairment Losses 73,274 Thousands of yen, Loss on disposal of fixed assets 0 Thousands of yen, Loss on valuation of investment securities 418 Thousands of yen, Provision for warranty reserve for completed construction contracts 130,000 Thousands of yen |
| Disclosure regarding the going concern assumption | No applicable items. |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | Added: 0 companies; excluded: 0 companies |
| Material subsequent events | The consolidated subsidiary ETSライン株式会社 entered into a syndicated commitment line agreement with an arrangement amount of ¥1 billion on 10 November 2026 for the purpose of securing working capital, and entered into a ¥200 million commitment line agreement on 9 October 2026. |
| Availability of Supplementary Financial Results Materials | Available |
| Availability of Financial Results Briefing | Whether applicable Available / Subject person Not disclosed |
| Issued Shares at Period-End | 6,368,903 shares |
| Treasury Shares at Period-End | 1 shares |
| Factors Behind Changes in Business Performance | Consolidated order intake declined because the company prioritized completing projects ordered in the previous fiscal year and restrained new orders. Revenue increased on steady construction progress and the acquisition of Hiroshima property management operations, while profit increased as construction profitability improved. |
Items this document does not state (3)
Revision to Earnings ForecastShareholder Return PolicyRegional sales
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.Revenue increased on steady construction progress and the acquisition of Hiroshima property management operations in the real estate-related business, among other factors. Profit increased as construction profitability improved, but growth in net income was limited to 21.6% due to the recognition of an impairment loss on solar power generation equipment and an extraordinary loss related to remediation work.
How to read this page
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