Worth reading
58In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-52.2
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales24,145¥ millionYear on year -14.7%Progress 43.1%
Operating profit1,360¥ millionYear on year -52.2%Progress 45.3%
Ordinary income1,561¥ millionYear on year -47.9%Progress 50.4%
Net income attributable to owners of the parent1,083¥ millionYear on year -39.9%
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 share41.05
Financial position at period-end
Total assets77,246¥ million
of which net assets 49,407 ¥ millionEquity ratio 54.6%vs. prior year-end +2.4pt
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+3,444
Investment-2,533
Financials-2,093
Net change-1,182
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¥11,188 million
Segment revenue
宮地エンジニアリング15,83265.4%-21.7%
エム・エム ブリッジ8,35834.6%+3.4%
Segment profit
宮地エンジニアリング1,00672.5%-52.4%
エム・エム ブリッジ38227.5%-48.5%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥56,000 million (YoY -1.2%)
Operating profit¥3,000 million (YoY -33.7%)
Ordinary income¥3,100 million (YoY -35.8%)
Profit attributable to owners of the parent¥2,000 million (YoY -38.7%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥56,000 million / Operating profit Not disclosed → ¥3,000 million / Ordinary income Not disclosed → ¥3,100 million / Profit attributable to owners of the parent Not disclosed → ¥2,000 million
Annual Dividend Forecast¥97.5 → ¥75（-23.1%）
Payout ratioApproximately 100%
Shareholder Return PolicyThe company expects to maintain its target equity ratio of approximately 55%, with a dividend payout ratio of approximately 100% and a total payout ratio of approximately 130% for the fiscal year ending March 2027.
Factors Behind Changes in Business Performance
The decline in net sales was due to the relatively small number of projects generating substantial sales compared with the same period of the previous fiscal year, among other factors. The decline in profit was due to the decline in net sales and the fact that improvements from design changes and other measures were not sufficiently reflected compared with the same period of the previous fiscal year.
Disclosure regarding the going concern assumption
Not applicable
Change in accounting policy
基準改正に伴う変更 No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 consolidationNew 0 companies (no company name disclosed) / Excluded 0 companies (no company name disclosed)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥289 million, Reversal of allowance for doubtful accounts ¥1 million / Extraordinary loss Loss on disposal of fixed assets ¥1 million
Depreciation and amortization¥728 million
Orders received and order backlogOrders received ¥26,358 million / Order backlog ¥108,627 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End27,677,816 Shares
Treasury Shares at Period-End1,521,992 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥24,145 million (YoY -14.7%) |
| Operating profit | ¥1,360 million (YoY -52.2%) |
| Ordinary income | ¥1,561 million (YoY -47.9%) |
| Profit attributable to owners of the parent | ¥1,083 million (YoY -39.9%) |
| Net income per share | 41.05 |
| Equity ratio | End of the current fiscal period 54.6 / End of previous period 52.2 |
| Total assets | ¥77,246 million |
| Net assets | ¥49,407 million |
| Cash flows from operating activities | ¥3,444 million |
| Cash flows from investing activities | ¥-2,533 million |
| Cash flows from financing activities | ¥-2,093 million |
| Cash and cash equivalents at end of period | ¥11,188 million |
| Full-year earnings forecast | Net Sales ¥56,000 million (YoY -1.2%) / Operating profit ¥3,000 million (YoY -33.7%) / Ordinary income ¥3,100 million (YoY -35.8%) / Profit attributable to owners of the parent ¥2,000 million (YoY -38.7%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥56,000 million / Operating profit Not disclosed → ¥3,000 million / Ordinary income Not disclosed → ¥3,100 million / Profit attributable to owners of the parent Not disclosed → ¥2,000 million |
| Annual Dividend Forecast | ¥97.5 → ¥75（-23.1%） |
| Payout ratio | Approximately 100% |
| Shareholder Return Policy | The company expects to maintain its target equity ratio of approximately 55%, with a dividend payout ratio of approximately 100% and a total payout ratio of approximately 130% for the fiscal year ending March 2027. |
| Segment revenue | 宮地エンジニアリング ¥15,832 million (YoY -21.7%) / エム・エム ブリッジ ¥8,358 million (YoY +3.4%) |
| Segment profit | 宮地エンジニアリング ¥1,006 million (YoY -52.4%) / エム・エム ブリッジ ¥382 million (YoY -48.5%) |
| Orders received and order backlog | Orders received ¥26,358 million / Order backlog ¥108,627 million |
| Depreciation and amortization | ¥728 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥289 million, Reversal of allowance for doubtful accounts ¥1 million / Extraordinary loss Loss on disposal of fixed assets ¥1 million |
| Disclosure regarding the going concern assumption | Not applicable |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies (no company name disclosed) / Excluded 0 companies (no company name disclosed) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 27,677,816 Shares |
| Treasury Shares at Period-End | 1,521,992 Shares |
| Factors Behind Changes in Business Performance | The decline in net sales was due to the relatively small number of projects generating substantial sales compared with the same period of the previous fiscal year, among other factors. The decline in profit was due to the decline in net sales and the fact that improvements from design changes and other measures were not sufficiently reflected compared with the same period of the previous fiscal year. |
Items this document does not state (4)
Operating MarginRegional salesImpairment lossMaterial subsequent events
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.In addition to the decline in net sales, improvements from design changes and other measures were not sufficiently reflected compared with the same period of the previous fiscal year. Net sales were affected by the relatively small number of projects generating substantial sales compared with the same period of the previous fiscal 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.
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.