Worth reading
47Recurring
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
9.3
%Wording
Conditional
How definitive the wording is.Results for this period
Full year2025年１月１日～2025年12月31日ConsolidatedJapanese GAAPNet Sales24,413¥ millionYear on year +3.7%Progress 98.0%
Operating profit2,379¥ millionYear on year +9.3%Progress 98.7%
Ordinary income2,506¥ millionYear on year +15.2%Progress 102.3%
Net income attributable to owners of the parent1,730¥ millionYear on year +16.0%Progress 104.2%
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 share147.09円
Operating Margin9.7%
Financial position at period-end
Total assets24,792¥ million
of which net assets 14,963 ¥ millionEquity ratio 59.8%vs. prior year-end -2.2pt
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+2,616
Investment-1,207
Financials-1,771
Net change-362
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¥9,401 million
Segment revenueReportable segments Construction consulting business (single segment) / 報告セグメント売上高 Not disclosed / By business area Field Water supply / Net Sales ¥8,681 million / Year on year against the same period last year ¥5.5 million, Field Sewerage / Net Sales ¥12,194 million / Year on year against the same period last year ¥5.2 million, Field Rivers and other / Net Sales ¥3,537 million / Year on year against the same period last year ¥-4.6 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥24,900 million (YoY +2.0%)
Operating profit¥2,410 million (YoY +1.3%)
Ordinary income¥2,450 million (YoY -2.3%)
Net income¥1,660 million (YoY -4.1%)
Annual Dividend Forecast74 yen and sen → 74 yen and sen（0.0%）
Payout ratioFiscal year ending December 2025 50.3% / Fiscal year ending December 2026 (forecast) 52.5%
Shareholder Return Policy連結配当性向は50％程度を目安に安定的な配当を目指す
Factors Behind Changes in Business Performance
ウォーターPPP関連業務、老朽化・耐震化対策業務、災害対策業務等への取り組みにより、水道・下水道の売上高が増加した。一方、河川その他は治水・利水業務等の受注減少の影響で減収となった。
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Yes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 consolidationAdded: 0 companies; excluded: 0 companies
Material subsequent eventsNo applicable matters.
Breakdown of extraordinary income (loss)No applicable matters
Depreciation and amortization¥382 million
Orders received and order backlogOrders received ¥26,518 million / Order backlog ¥24,759 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (participants not specified)
Issued Shares at Period-End11,866,000
Treasury Shares at Period-End166,200
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2025年１月１日～2025年12月31日 |
| Net Sales | ¥24,413 million (YoY +3.7%) |
| Operating profit | ¥2,379 million (YoY +9.3%) |
| Ordinary income | ¥2,506 million (YoY +15.2%) |
| Profit attributable to owners of the parent | ¥1,730 million (YoY +16.0%) |
| Net income per share | 147.09円 |
| Operating Margin | 9.7% |
| Equity ratio | End of the current fiscal period 59.8% / End of previous period 62.0% |
| Total assets | ¥24,792 million |
| Net assets | ¥14,963 million |
| Cash flows from operating activities | ¥2,616 million |
| Cash flows from investing activities | ¥-1,207 million |
| Cash flows from financing activities | ¥-1,771 million |
| Cash and cash equivalents at end of period | ¥9,401 million |
| Full-year earnings forecast | Net Sales ¥24,900 million (YoY +2.0%) / Operating profit ¥2,410 million (YoY +1.3%) / Ordinary income ¥2,450 million (YoY -2.3%) / Net income ¥1,660 million (YoY -4.1%) |
| Annual Dividend Forecast | 74 yen and sen → 74 yen and sen（0.0%） |
| Payout ratio | Fiscal year ending December 2025 50.3% / Fiscal year ending December 2026 (forecast) 52.5% |
| Shareholder Return Policy | 連結配当性向は50％程度を目安に安定的な配当を目指す |
| Segment revenue | Reportable segments Construction consulting business (single segment) / 報告セグメント売上高 Not disclosed / By business area Field Water supply / Net Sales ¥8,681 million / Year on year against the same period last year ¥5.5 million, Field Sewerage / Net Sales ¥12,194 million / Year on year against the same period last year ¥5.2 million, Field Rivers and other / Net Sales ¥3,537 million / Year on year against the same period last year ¥-4.6 million |
| Orders received and order backlog | Orders received ¥26,518 million / Order backlog ¥24,759 million |
| Depreciation and amortization | ¥382 million |
| Breakdown of extraordinary income (loss) | No applicable matters |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | Added: 0 companies; excluded: 0 companies |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (participants not specified) |
| Issued Shares at Period-End | 11,866,000 |
| Treasury Shares at Period-End | 166,200 |
| Factors Behind Changes in Business Performance | ウォーターPPP関連業務、老朽化・耐震化対策業務、災害対策業務等への取り組みにより、水道・下水道の売上高が増加した。一方、河川その他は治水・利水業務等の受注減少の影響で減収となった。 |
Items this document does not state (4)
Revision to Earnings ForecastSegment profitRegional salesImpairment loss
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.ウォーターPPP関連業務、インフラ施設の老朽化・耐震化対策業務、災害対策業務などに注力したこと。国土強靱化の必要性を背景に公共事業関係費が安定的に推移し、事業環境が堅調だったこと。
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.