Worth reading
53Recurring
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
-24.2
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending March 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥56,659 million-24.2%
Operating profit¥4,525 million-50.6%
Ordinary income¥4,830 million-49.1%
Net income¥3,264 million-32.7%
Full-year earnings forecast
Net Sales
¥55,000 million
Operating profit
¥2,300 million
Ordinary income
¥2,400 million
Profit attributable to owners of the parent
¥2,000 million
Orders received
¥56,000 million
Order backlog
¥107,413 million
Annual dividend per share
¥75
ROE
4.7 %
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Outlook for new construction-related orders for the fiscal year ending March 20271,800 Hundreds of millions of yen
- Outlook for large-scale renewal and maintenance-related orders for the fiscal year ending March 20271,950 Hundreds of millions of yen
- Market size for large-scale expressway renewal projects70,000 Hundreds of millions of yen
New initiatives
- Formulation and publication of the next medium-term management plan (Fiscal 2027–Fiscal 2031)
- Joint development with DX- and ICT-related companies and manufacturers
- Renovation, relocation and expansion of the equipment center, renewal of factory facilities, and construction of a new office building
- Expand orders through joint ventures with general contractors and other companies in different industries
- Reduce strategically held shares to 10% or less of net assets
Key KPIsA metric the company considers important as a management benchmark.
- Orders received¥50,577 million-29.2%
- Order backlog¥106,413 million-5.4%
- Steel bridge order volume96,000 t
- Market size for large-scale expressway renewal projects70,000 Hundreds of millions of yen
- Number of dialogues with shareholders and investors39 times
Segment results
宮地エンジニアリング
Net Sales
¥38,792 million-12.7%
Operating profit
¥3,976 million-0.6%
Orders received
¥30,706 million-31.8%
Order backlog
¥55,116 million-12.8%
エム・エム ブリッジ
Net Sales
¥17,786 million-41.3%
Operating profit
¥630 million-87.8%
Orders received
¥19,859 million-24.8%
Order backlog
¥51,337 million+4.2%
Other
Net Sales
¥12 million+170.6%
Operating profit
¥2,966 million-34.9%
Orders received
¥12 million+170.6%
Medium-term management plan targets
Current medium-term management planFiscal 2022–Fiscal 2026
Next medium-term management plan periodFiscal 2027–Fiscal 2031
Financial targets
Equity ratio
Target55 %
Actual results52.2 %
ROE
Target10 %
Actual results7.8 %
ROA
Actual results5.6
Market Size / Share
Large-scale expressway renewal projects
70,000 Hundreds of millions of yen
Steel bridge order volume
96,000 t
Orders received and order backlog
Orders received
¥50,577 million
Order backlog
¥106,413 million
Capital expenditures
Approximately ¥18–20 billion
Annual Dividend
Annual dividend per share
¥97.5
Next-year forecast
¥75
Payout ratio
100 %
Additional informationForecast for the fiscal year ending March 2027. For the fiscal year ended March 2026, a total payout ratio of 60% was used as a guideline.
Acquisition of treasury shares
Approximately equivalent to 2.6%
Number of shares acquired350,000
PeriodAcquired on 8 August 2024
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥56,659 million (YoY -24.2%) |
| Operating profit | ¥4,525 million (YoY -50.6%) |
| Ordinary income | ¥4,830 million (YoY -49.1%) |
| Net income | ¥3,264 million (YoY -32.7%) |
| Full-year earnings forecast | Net Sales ¥55,000 million / Operating profit ¥2,300 million / Ordinary income ¥2,400 million / Profit attributable to owners of the parent ¥2,000 million / Orders received ¥56,000 million / Order backlog ¥107,413 million / Annual dividend per share ¥75 / ROE 4.7 % |
| Segment results | 宮地エンジニアリング Net Sales ¥38,792 million (YoY -12.7%) / Operating profit ¥3,976 million (YoY -0.6%) / Orders received ¥30,706 million (YoY -31.8%) / Order backlog ¥55,116 million (YoY -12.8%) / エム・エム ブリッジ Net Sales ¥17,786 million (YoY -41.3%) / Operating profit ¥630 million (YoY -87.8%) / Orders received ¥19,859 million (YoY -24.8%) / Order backlog ¥51,337 million (YoY +4.2%) / Other Net Sales ¥12 million (YoY +170.6%) / Operating profit ¥2,966 million (YoY -34.9%) / Orders received ¥12 million (YoY +170.6%) |
| Key KPIs | Orders received ¥50,577 million (YoY -29.2%), Order backlog ¥106,413 million (YoY -5.4%), Steel bridge order volume 96,000 t, Market size for large-scale expressway renewal projects 70,000 Hundreds of millions of yen, Number of dialogues with shareholders and investors 39 times |
| Assumptions Underlying the Business Outlook | Outlook for new construction-related orders for the fiscal year ending March 2027 1,800 Hundreds of millions of yen, Outlook for large-scale renewal and maintenance-related orders for the fiscal year ending March 2027 1,950 Hundreds of millions of yen, Market size for large-scale expressway renewal projects 70,000 Hundreds of millions of yen |
| Medium-term management plan targets | Current medium-term management plan Fiscal 2022–Fiscal 2026 / Revenue target for the final year Not disclosed / Operating profit target for the final year Not disclosed / Next medium-term management plan period Fiscal 2027–Fiscal 2031 |
| Financial targets | Equity ratio Target 55 % / Actual results 52.2 % / ROE Target 10 % / Actual results 7.8 % / ROA Target Not disclosed / Actual results 5.6 |
| Annual Dividend | Annual dividend per share ¥97.5 / Interim Not disclosed / End of period Not disclosed / Next-year forecast ¥75 |
| Payout ratio | 100 % |
| Acquisition of treasury shares | Number of shares acquired 350,000 Shares / Amount Approximately equivalent to 2.6% / Period Acquired on 8 August 2024 |
| Capital expenditures | Approximately ¥18–20 billion |
| Orders received and order backlog | Orders received ¥50,577 million / Order backlog ¥106,413 million |
| Market Size / Share | Large-scale expressway renewal projects 70,000 Hundreds of millions of yen / Steel bridge order volume 96,000 t |
| New initiatives | Formulation and publication of the next medium-term management plan (Fiscal 2027–Fiscal 2031), Joint development with DX- and ICT-related companies and manufacturers, Renovation, relocation and expansion of the equipment center, renewal of factory facilities, and construction of a new office building, Expand orders through joint ventures with general contractors and other companies in different industries, Reduce strategically held shares to 10% or less of net assets |
Items this document does not state (12)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookKey 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.There were no concentrated projects related to large-scale renewal and maintenance this fiscal year, unlike the previous fiscal year; order volumes declined amid a challenging business environment; the scope of some projects was reduced; and the costs of materials, equipment and labor increased.
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.