Worth reading
56In focus
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
-486
¥ millionWording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending March 2026, full year11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥25,401 million-1.9%
Operating profit¥599 million-29.5%
Ordinary income¥591 million-33.2%
Net income¥-434 million-180.0%
Selling, general and administrative expenses¥6,203 million
Gross Profit Margin
Rate26.8%
Year-on-year change (points)+0.1 percentage points year on year
Operating profit margin
Rate2.4%
Year-on-year change (points)-0.9 percentage points
Full-year earnings forecast
Net Sales
¥25,000 million
Gross profit
¥7,088 million
Selling, general and administrative expenses
¥6,485 million
Operating profit
¥603 million
Ordinary income
¥600 million
Net income
¥159 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue fell short of the initial forecast, while operating profit exceeded the initially announced forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Consolidated revenue
Temporary lull between projects and revisions to construction schedules-¥486 million
Construction equipment and materials-¥480 million
Building materials-¥511 million
Construction Consulting+¥51 million
Repair and reinforcement work+¥454 million
Operating profit versus announced forecast
Gross profit+¥269 million
Increase in SG&A expenses-¥498 million
Increase in personnel and other expenses in the R&D division¥300 million impact
Other-¥38 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Similar business conditions are expected to continue, including revisions to construction schedules. Numerical assumptions: not disclosedNew initiatives
- Launch and monetize 3 new businesses
- ASEAN disaster-prevention business
- Manufacturing-industry support business
- Integrated road-resilience platform business
- Shift from selling products to selling solutions
- Expand operations from Japan into overseas markets
Key KPIsA metric the company considers important as a management benchmark.
- ROE-4 %Year on year against the same period last yearDeteriorated from 4.9% in the previous fiscal year
- Equity ratio42.6 %Year on year against the same period last year-1.4 percentage points
- D/E ratio0.5 timesYear on year against the same period last year+0.04
- Free cash flow¥353 millionYear on year against the same period last year-¥454 million
- DOE3.84 %Year on year against the same period last year3.55% in the previous fiscal year
Segment results
Manufacture and sale of construction equipment and materials
Net Sales
¥12,019 million-3.8%
Segment profit
¥717 million-10.3%
Manufacture and sale of building materials
Net Sales
¥9,860 million-4.9%
Segment profit
¥414 million-23.5%
Construction Consulting Business
Net Sales
¥687 million+8.0%
Segment profit
¥36 million
Repair and reinforcement work business
Net Sales
¥2,834 million+19.1%
Segment profit
¥249 million+3.8%
Medium-term management plan targets
Target fiscal yearFY2030
Net Sales¥37.0 billion
Operating profit¥2.8 billion
ROE16.0%
3 new businesses¥7.5 billion
Financial targets
ROE
FY2030 target16.0%
Actual results for the fiscal year ending March 2026△4.0%
Forecast for the fiscal year ending March 20271.6%
Orders received and order backlog
Only a statement that the construction consulting business’s order backlog was weak; amount not disclosedAnnual Dividend
Fiscal year ending March 2026¥13 per share (matter to be submitted to the June shareholders’ meeting)
Fiscal year ending March 2027¥12 per share (forecast)
Payout ratio
Fiscal year ending March 2026-90.3
Fiscal year ending March 2027226.8
DOE3.84% for the fiscal year ended March 2026; 3.63% for the fiscal year ending March 2027
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥25,401 million (YoY -1.9%) |
| Operating profit | ¥599 million (YoY -29.5%) |
| Ordinary income | ¥591 million (YoY -33.2%) |
| Net income | ¥-434 million (YoY -180.0%) |
| Gross Profit Margin | Rate 26.8% / Year-on-year change (points) +0.1 percentage points year on year |
| Operating profit margin | Rate 2.4% / Year-on-year change (points) -0.9 percentage points |
| Selling, general and administrative expenses | ¥6,203 million |
| Full-year earnings forecast | Net Sales ¥25,000 million / Gross profit ¥7,088 million / Selling, general and administrative expenses ¥6,485 million / Operating profit ¥603 million / Ordinary income ¥600 million / Net income ¥159 million |
| Self-assessment against the plan | Revenue fell short of the initial forecast, while operating profit exceeded the initially announced forecast |
| Segment results | Manufacture and sale of construction equipment and materials Net Sales ¥12,019 million (YoY -3.8%) / Segment profit ¥717 million (YoY -10.3%) / Manufacture and sale of building materials Net Sales ¥9,860 million (YoY -4.9%) / Segment profit ¥414 million (YoY -23.5%) / Construction Consulting Business Net Sales ¥687 million (YoY +8.0%) / Segment profit ¥36 million / Repair and reinforcement work business Net Sales ¥2,834 million (YoY +19.1%) / Segment profit ¥249 million (YoY +3.8%) |
| Breakdown of Factors Affecting the Change | Consolidated revenue Temporary lull between projects and revisions to construction schedules -¥486 million / Construction equipment and materials -¥480 million / Building materials -¥511 million / Construction Consulting +¥51 million / Repair and reinforcement work +¥454 million / Operating profit versus announced forecast Gross profit +¥269 million / Increase in SG&A expenses -¥498 million / Increase in personnel and other expenses in the R&D division ¥300 million impact / Other -¥38 million |
| Key KPIs | Indicator name ROE / Value -4 % / Year on year against the same period last year Deteriorated from 4.9% in the previous fiscal year, Indicator name Equity ratio / Value 42.6 % / Year on year against the same period last year -1.4 percentage points, Indicator name D/E ratio / Value 0.5 times / Year on year against the same period last year +0.04 times, Indicator name Free cash flow / Value ¥353 million / Year on year against the same period last year -¥454 million, Indicator name DOE / Value 3.84 % / Year on year against the same period last year 3.55% in the previous fiscal year |
| Assumptions Underlying the Business Outlook | Similar business conditions are expected to continue, including revisions to construction schedules. Numerical assumptions: not disclosed |
| Medium-term management plan targets | Target fiscal year FY2030 / Net Sales ¥37.0 billion / Operating profit ¥2.8 billion / ROE 16.0% / 3 new businesses ¥7.5 billion |
| Financial targets | ROE FY2030 target 16.0% / Actual results for the fiscal year ending March 2026 △4.0% / Forecast for the fiscal year ending March 2027 1.6% / Equity ratio Not disclosed / Debt-to-equity ratio Not disclosed |
| Annual Dividend | Fiscal year ending March 2026 ¥13 per share (matter to be submitted to the June shareholders’ meeting) / Fiscal year ending March 2027 ¥12 per share (forecast) |
| Payout ratio | Fiscal year ending March 2026 -90.3 / Fiscal year ending March 2027 226.8 / DOE 3.84% for the fiscal year ended March 2026; 3.63% for the fiscal year ending March 2027 |
| Orders received and order backlog | Only a statement that the construction consulting business’s order backlog was weak; amount not disclosed |
| New initiatives | Launch and monetize 3 new businesses, ASEAN disaster-prevention business, Manufacturing-industry support business, Integrated road-resilience platform business, Shift from selling products to selling solutions, Expand operations from Japan into overseas markets |
Items this document does not state (10)
Results for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesCapital 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.Revenue declined due to lower demand during a temporary lull between projects, as well as revisions to construction schedules and project volumes resulting from labor shortages at worksites and the application of overtime-work regulations. In addition, personnel and other expenses in the R&D division increased, and net income attributable to owners of the parent fell into the red due to the reversal of deferred tax assets.
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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