Komori
Miyaji Engineering Group (3431) · InitiativeOrders declined at both operating companies, while profitability divergedLatest Earnings (2026-08-06): "Other"

Strengthening Core Businesses, Including New Bridge Construction, Railway Bridges and Steel Structures

First written in FY2016. 11 of 36 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-08-06.

36entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2019-Q3 – FY2022-Q3OtherFY2025-H1 – FY2026-H12016: 320162017: 420172018: 420182019: 320192020: 420202021: 420212022: 320222023: 420232024: 220242025: 120252026: 42026
Same theme, other companies
Strengthening the Competitiveness and Profitability of the Core Bridge and Steel Structure BusinessesA theme 4 companies write about · 1 as a headwind · 5 as a tailwind

Miyaji Engineering Group moved to the "Worse" side of this theme in 2026.

1 other company's latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-06OtherEarnings

    「At Miyaji Engineering, orders received totaled ¥7.497 billion, down 17.6% year on year, partly because there were no orders for the large private-sector construction project received in the same period of the previous year.」

    Order and earnings trends diverged between Miyaji Engineering and M.M. Bridge, with orders received at Miyaji Engineering declining.
  2. FY2026Orders declined at both operating companies, while profitability divergedAnnual report

    「(宮地エンジニアリング) Order intake was ¥30.706 billion, down 31.8% year on year, due to the challenging business environment and other factors.」

    宮地エンジニアリング's order intake fell 31.8% year on year and エム・エム ブリッジ's fell 24.8%. Operating profit declined 0.6% at 宮地エンジニアリング and 87.8% at エム・エム ブリッジ, resulting in divergent earnings trends.
  3. FY2026-H1宮地エンジニアリング order intake down, MMB order intake up, divergent earningsAnnual report

    「(宮地エンジニアリング) Order intake was ¥14.772 billion, down 5.7% year on year, due partly to the challenging order environment. (エム・エム ブリッジ) Order intake was ¥9.127 billion, up 109.7% year on year, partly because no large-scale projects had been received in the same period of the previous year.」

    宮地エンジニアリング's order intake fell 5.7% year on year, while MMB's rose 109.7% following the absence of large-scale projects in the same period of the previous year. Revenue and operating profit declined substantially at MMB, resulting in divergent trends between the operating companies.
  4. FY2025-H1Both operating companies: order intake down, revenue and profit upAnnual report

    「(宮地エンジニアリング) Order intake was ¥15.667 billion, down 21.3% year on year, partly reflecting a substantial decline in orders for new-build bridges. Revenue was ¥20.809 billion, up 9.6% year on year, as projects on hand progressed as scheduled, while operating profit also increased to ¥1.859 billion, up 18.8%.」

    宮地エンジニアリング's order intake declined due to lower orders for new-build bridges, while revenue and profit increased on progress on projects on hand. エム・エム ブリッジ's order intake also fell 69.7%, but revenue rose 20.2% and operating profit rose 89.6%.
  5. FY2024-Q3AdvancedAnnual report

    「(宮地エンジニアリング) Order intake was ¥34.831 billion, up 46.0% year on year. (エム・エム ブリッジ) Order intake was ¥20.126 billion, up 46.8% year on year.」

    Order intake exceeded the previous year's level at both 宮地エンジニアリング and エム・エム ブリッジ, rising 46.0% and 46.8%, respectively.
  6. FY2024-Q2Both companies: order intake up, divergent earningsAnnual report

    「(宮地エンジニアリング) Order intake was ¥19.916 billion, up 14.1% year on year. Revenue was ¥18.991 billion, up 18.4% year on year, as projects on hand progressed as scheduled. Operating profit was ¥1.564 billion, down 30.2% year on year. (エム・エム ブリッジ) Order intake was ¥14.369 billion, up 10.8% year on year. Revenue was ¥12.720 billion, up 6.9% year on year, as projects on hand progressed as scheduled. Operating profit was ¥1.384 billion, up 48.4% year on year.」

    Order intake and revenue exceeded the previous year's levels at both 宮地エンジニアリング and エム・エム ブリッジ, while operating profit declined at 宮地エンジニアリング and increased at エム・エム ブリッジ.
  7. FY2024-Q1Both companies: order intake down, revenue up, divergent earningsAnnual report

    「At 宮地エンジニアリング, order intake declined 31.3% year on year because the number of target projects in the first-quarter cumulative period was low and no large-scale construction orders were received. At エム・エム ブリッジ, order intake fell sharply by 88.4% year on year because the company had won a large project in the same period of the previous year and focused its order-taking activities during the current fiscal year on securing large projects in the second half, although the result was broadly in line with the target. Meanwhile, production and sales increased substantially because large-scale projects accounted for a greater proportion of projects on hand, with production up 35.4% and sales up 33.8% year on year.」

    Order intake at 宮地エンジニアリング and エム・エム ブリッジ fell 31.3% and 88.4% year on year, respectively, while production and sales increased against a backdrop of a higher proportion of large projects among projects on hand, resulting in divergent order and earnings trends between the operating companies.
  8. FY2023AdvancedAnnual report

    「New construction: Order intake totaled ¥24.235 billion, including the National Route 219 disaster recovery Kamase Bridge superstructure project, a bridge restoration project for a bridge washed away in flooding of the Kuma River caused by the July 2020 torrential rains, commissioned by the Ministry of Land, Infrastructure, Transport and Tourism.」

    The company won technically challenging projects in new-build bridges, rail-related works and coastal structures, demonstrating the core business's expansion through concrete order wins.
  9. FY2023-Q3宮地エンジニアリング profit up, MMB profit downAnnual report

    「(宮地エンジニアリング) Order intake was ¥23.851 billion, up 14.6% year on year. (エム・エム ブリッジ) Although the company won a large-scale construction order from an expressway operator, order intake declined 31.2% year on year to ¥13.711 billion.」

    宮地エンジニアリング's order intake rose 14.6% year on year on large-scale construction orders, while エム・エム ブリッジ's declined 31.2% despite winning a large-scale construction order, resulting in divergent order trends between the operating companies.
  10. FY2023-Q2AdvancedAnnual report

    「Under these circumstances, orders received totaled ¥30,425 million, up 8.3% year on year, driven by large-scale expressway renewal works and other large-scale projects.」

    The core business won orders for large-scale expressway renewal works and other large projects, raising consolidated order intake 8.3% year on year.
  11. FY2023-Q1AdvancedAnnual report

    「Under these circumstances, orders received totaled ¥21,560 million, up 14.2% year on year, driven by large-scale new bridges and expressway widening works.」

    The group won orders for expressway widening works in addition to its core new-build bridge business, raising consolidated order intake 14.2% year on year.
  12. FY2022-Q3RestatedAnnual report

    「(宮地エンジニアリング) Order intake was ¥20.813 billion, down 32.2% year on year, because large-scale construction orders had been received in the same period of the previous year. Revenue was ¥24.702 billion, down 11.5% year on year, although projects on hand generally progressed as scheduled. Despite efforts to improve production efficiency and project profitability, operating profit was ¥2.669 billion, down 12.7% year on year. (エム・エム ブリッジ) Order intake was ¥19.926 billion, down 22.2% year on year, because large-scale construction orders had been received in the same period of the previous year. Revenue was ¥18.171 billion, up 41.1% year on year, as projects on hand progressed smoothly. Operating profit was ¥2.008 billion, up 114.8% year on year, in line with higher revenue.」

    Order intake declined at both companies following the large-scale construction orders received in the same period of the previous year, while 宮地エンジニアリング recorded lower revenue and profit and エム・エム ブリッジ recorded higher revenue and profit, with the divergence in orders and earnings continuing.
  13. FY2022-Q2Continued divergence following lower order intakeAnnual report

    「(宮地エンジニアリング) Order intake was ¥14.399 billion, down 45.7% year on year, because large-scale construction orders had been received in the same period of the previous year. Revenue was ¥16.011 billion, down 18.2% year on year, despite projects on hand progressing as scheduled. Despite efforts to improve production efficiency and project profitability, operating profit was ¥1.620 billion, down 37.4% year on year. (エム・エム ブリッジ) Order intake was ¥13.684 billion, down 36.1% year on year, because large-scale construction orders had been received in the same period of the previous year. Revenue was ¥10.493 billion, up 23.0% year on year, as projects on hand progressed smoothly. Operating profit was ¥1.148 billion, up 74.9% year on year, following efforts to improve production efficiency and project profitability.」

    Order intake declined at both companies following the large-scale construction orders received in the same period of the previous year. 宮地エンジニアリング recorded lower revenue and profit, while エム・エム ブリッジ recorded higher revenue and profit, resulting in divergent earnings trends.
  14. FY2022-Q1Both companies: order intake up, divergent earningsAnnual report

    「(宮地エンジニアリング) Order intake was ¥8.307 billion, up 67.5% year on year. Revenue was ¥7.470 billion, down 19.2% year on year, despite projects on hand progressing as scheduled. Operating profit was ¥561 million, down 44.5% year on year. (エム・エム ブリッジ) Order intake was ¥10.565 billion, up 2,148.4% year on year. Revenue was ¥5.404 billion, up 16.1% year on year, as projects on hand progressed smoothly. Operating profit was ¥786 million, up 330.4% year on year.」

    Order intake increased at both companies, but 宮地エンジニアリング recorded lower revenue and profit, while エム・エム ブリッジ recorded higher revenue and profit, resulting in divergent earnings trends at the core operating companies.
  15. FY2021Both companies: large-scale orders up, earnings upAnnual report

    「(宮地エンジニアリング) Order intake was ¥36.627 billion, up 8.8% year on year, due to large-scale construction orders. Operating profit was ¥3.902 billion, up 5.6% year on year, following efforts to improve production efficiency and project profitability. (エム・エム ブリッジ) Order intake was ¥34.064 billion, up 69.5% year on year, due to large-scale construction orders. Operating profit was ¥1.631 billion, up 12.7% year on year, following efforts to improve production efficiency and project profitability.」

    Both 宮地エンジニアリング and MMB won large-scale construction orders, and both order intake and operating profit exceeded the previous year's levels.
  16. FY2021-Q3Both companies: large-scale orders up, divergent earningsAnnual report

    「(宮地エンジニアリング) Order intake was ¥30.692 billion, up 41.9% year on year, due to large-scale construction orders. Revenue was ¥27.916 billion, down 7.7% year on year. Operating profit was ¥3.058 billion, up 17.6% year on year, following efforts to improve production efficiency and project profitability. (エム・エム ブリッジ) Order intake was ¥25.599 billion, up 79.1% year on year, due to large-scale construction orders. Revenue was ¥12.876 billion, down 21.5% year on year. Despite efforts to improve production efficiency and project profitability, operating profit was ¥934 million, down 24.2% year on year.」

    Order intake increased at both companies on large-scale construction orders, but operating profit increased at 宮地エンジニアリング and declined at エム・エム ブリッジ, resulting in divergent earnings trends.
  17. FY2021-Q2Both companies: large-scale orders up, divergent earningsAnnual report

    「(宮地エンジニアリング) Order intake was ¥26.497 billion, up 82.5% year on year, due to large-scale construction orders. Revenue was ¥19.570 billion, up 1.0% year on year, due to progress on projects on hand. Operating profit was ¥2.588 billion, up 51.5% year on year, following efforts to improve production efficiency and project profitability. (エム・エム ブリッジ) Order intake was ¥21.409 billion, up 174.3% year on year, due to large-scale construction orders. Revenue was ¥8.534 billion, down 21.2% year on year. Despite efforts to improve production efficiency and project profitability, operating profit was ¥656 million, down 7.3% year on year.」

    Order intake at both companies substantially exceeded the previous year's level on large-scale construction orders, while 宮地エンジニアリング recorded higher revenue and profit and エム・エム ブリッジ recorded lower revenue and profit.
  18. FY2021-Q1Both companies: order intake down, earnings upAnnual report

    「(宮地エンジニアリング) Order intake was ¥4.960 billion, down 46.9% year on year, amid a challenging order environment. Revenue was ¥9.249 billion, down 0.3% year on year, due to progress on projects on hand. Operating profit was ¥1.010 billion, up 10.2% year on year, partly as a result of efforts to reduce construction costs. (エム・エム ブリッジ) Order intake was ¥469 million, down 89.8% year on year, amid a challenging order environment. Revenue was ¥4.653 billion, down 16.8% year on year, due to progress on projects on hand. Operating profit was ¥182 million, up 43.0% year on year, partly as a result of efforts to reduce construction costs.」

    Order intake and revenue declined at both 宮地エンジニアリング and エム・エム ブリッジ, while operating profit increased due to lower construction costs.
  19. FY2020Fiscal-year order intake up, revenue up, divergent segment earningsAnnual report

    「(宮地エンジニアリング) Order intake was ¥33.656 billion, up 2.0% year on year, as a result of active sales efforts, including strengthening its technical proposal capabilities. Revenue was ¥41.172 billion, up 26.7% year on year, due to smooth progress on projects on hand. Operating profit was ¥3.694 billion, up 28.8% year on year, following efforts to improve production efficiency, including raising utilization of the yard at the Chiba plant, and improve project profitability.」

    宮地エンジニアリング's order intake, revenue and operating profit all increased. エム・エム ブリッジ also recorded higher order intake and revenue, but operating profit was ¥1.447 billion, down 3.0% year on year.
  20. FY2020-Q3Order intake down, revenue up, operating profit up, net income slightly upAnnual report

    「Order intake was ¥35.932 billion, down 17.4% year on year, partly reflecting a substantial decline in total bridge construction orders. Revenue was ¥46.705 billion, up 26.0% year on year, as projects on hand progressed smoothly. Operating profit was ¥3.838 billion, up 14.5%, ordinary profit was ¥3.967 billion, up 12.5%, and quarterly net income attributable to owners of the parent was ¥2.182 billion, up 0.2%.」

    In the core business, order intake declined due to lower bridge construction orders, while revenue increased on progress on projects on hand, and operating profit and ordinary profit also increased.
  21. FY2020-Q2Order intake down, revenue up, operating profit up, net income slightly downAnnual report

    「Order intake was ¥22.324 billion, down 37.4% year on year, although it generally tracked the plan, partly because large-scale construction orders had been received in the same period of the previous year. Revenue was ¥30.179 billion, up 25.1% year on year, as projects on hand progressed smoothly. Operating profit was ¥2.398 billion, up 18.6%, ordinary profit was ¥2.483 billion, up 17.7%, and quarterly net income attributable to owners of the parent was ¥1.361 billion, down 0.9%.」

    On a consolidated basis, including the 2 core companies, order intake declined following the large-scale construction orders received in the same period of the previous year, while revenue, operating profit and ordinary profit increased on progress on projects on hand, and quarterly net income attributable to owners of the parent edged down.
  22. FY2020-Q1Both companies: order intake down, revenue up, earnings downAnnual report

    「Order intake was ¥4.621 billion, down 56.2% year on year, although it generally tracked the plan, partly because large-scale construction orders had been received in the same period of the previous year. Revenue was ¥5.596 billion, up 38.3% year on year, due to progress on projects on hand. Operating profit was ¥127 million, down 54.1% year on year, reflecting lower earnings than in the same period of the previous year, when many highly profitable projects contributed to revenue.」

    At エム・エム ブリッジ, order intake declined following the large-scale construction orders received in the previous year, while revenue increased on progress on projects on hand and operating profit declined. At 宮地エンジニアリング, order intake fell 23.3% year on year, revenue rose 22.1%, and operating profit fell 22.6%.
  23. FY2019-Q3MMB order intake up, earnings downAnnual report

    「(エム・エム ブリッジ) Order intake was ¥18.654 billion, up 9.8% year on year, as the company actively pursued measures to strengthen orders, including enhancing its technical proposal capabilities, and won large-scale construction projects. Revenue was ¥13.804 billion, down 10.3% year on year, due to progress on projects on hand. Operating profit was ¥1.025 billion, down 41.1% year on year, partly because highly profitable projects had contributed to revenue in the same period of the previous year.」

    エム・エム ブリッジ's order intake rose 9.8% year on year on large-scale construction orders, while revenue fell 10.3% and operating profit fell 41.1%, resulting in divergent trends in orders and earnings.
  24. FY2019-Q2AdvancedAnnual report

    「Orders received totaled ¥35,652 million, up 4.0% year on year, as the company pursued active sales activities and, in addition to new bridges for expressway companies and others, received a broad range of orders for private-sector projects including maintenance and repair works, steel structures, and seismic isolation and retrofit works.」

    In addition to new bridge construction, the company broadly won private-sector projects including maintenance and repair, steel structures and seismic-isolation works. Miyaji Engineering's order intake increased 2.9% year on year and M.M. Bridge's increased 5.4%, while net sales and operating profit diverged between the two companies.
  25. FY2019-Q1AdvancedAnnual report

    「Orders received totaled ¥22,716 million, up 87.5% year on year, as the company pursued active sales activities and, in addition to new bridges for expressway companies and others, received a broad range of orders for private-sector projects including maintenance and repair works, steel structures, and seismic isolation and retrofit works.」

    In addition to new bridge construction, the company won orders for maintenance and repair, steel structures and seismic-isolation works, resulting in core-business order intake increasing 87.5% year on year.
  26. FY2018RestatedAnnual report

    「As a result of active sales activities, the company broadly won orders for new road and railway bridge construction, as well as private-sector projects including immersed tube tunnels and seismic-isolation works, totaling ¥52,979 million, down 4.5% year on year.」

    The core businesses continued to expand through broad order wins for new bridge and railway bridge construction, as well as private-sector projects including immersed tube tunnels and seismic-isolation works.
  27. FY2018-Q3RestatedAnnual report

    「Orders received totaled ¥41,877 million, up 11.4% year on year, as the company pursued active sales activities and, in addition to new road and railway bridges, received a broad range of orders for private-sector projects including immersed tubes and seismic isolation and retrofit works.」

    The company continues to broadly win private-sector projects including immersed tube tunnels and seismic-isolation works, in addition to new bridge construction.
  28. FY2018-Q2AdvancedAnnual report

    「Orders received totaled ¥34,293 million, up 60.1% year on year, as the company pursued active sales activities and, in addition to new bridges, received a broad range of orders for private-sector projects including immersed tubes and seismic isolation and retrofit works.」

    In addition to new bridge construction, the company broadly won private-sector projects including immersed tube tunnels and seismic-isolation works, advancing order expansion in the core businesses.
  29. FY2018-Q1AdvancedAnnual report

    「Orders received totaled ¥12,117 million, down 21.3% year on year, as the company pursued active sales activities and, in addition to new bridges, received orders for private-sector projects including immersed tubes and seismic isolation and retrofit works.」

    In addition to new bridge construction, the company won private-sector projects including immersed tube tunnels and seismic-isolation works, confirming the scope of the core businesses.
  30. FY2017AdvancedAnnual report

    「(Miyaji Engineering) Order intake was ¥34,580 million, up 15.8% year on year, reflecting efforts to pursue active sales activities, including enhancing its technical proposal capabilities.」

    Miyaji Engineering's full-year order intake was ¥34,580 million, up 15.8% year on year. M.M. Bridge also recorded ¥20,868 million, up 19.1%.
  31. FY2017-Q3AdvancedAnnual report

    「(Miyaji Engineering) Order intake was ¥27,313 million, up 43.5% year on year, as the company advanced measures to strengthen orders, including enhancing its technical proposal capabilities.」

    Miyaji Engineering's order intake increased 43.5% year on year. Meanwhile, M.M. Bridge's order intake was ¥10,290 million, down 23.3%, resulting in divergent order trends between the operating companies.
  32. FY2017-Q2RestatedAnnual report

    「(Miyaji Engineering) Order intake was ¥17,391 million, up 44.8% year on year, as the company advanced measures to strengthen orders, including enhancing its technical proposal capabilities.」

    Miyaji Engineering's order intake increased 44.8% year on year, while M.M. Bridge's fell 61.4% due to challenging order conditions, resulting in divergent performance in the core businesses.
  33. FY2017-Q1AdvancedAnnual report

    「Orders received during the first quarter of the current consolidated fiscal year totaled ¥15,399 million, up 102.8% year on year, mainly because orders for new bridges commissioned by local governments and railway bridges were strong, following the implementation of measures to strengthen orders, including enhancing technical proposal capabilities, improving cost-estimation accuracy and strengthening information-gathering capabilities.」

    Concrete progress was demonstrated through strong orders for projects commissioned by local governments in the company's core new bridge construction and railway bridge businesses.
  34. FY2016First statedAnnual report

    「Specifically, the company will further strengthen its core new bridge construction business and private-sector businesses, including railway bridges and steel structures.」

    New bridge construction and private-sector businesses, including railway bridges and steel structures, are positioned as pillars of business strengthening.
Moved together

"Securing Stable Orders by Leveraging Technical Capabilities" moved the same way as this thread, in the same document, in 10 of its 36 moves.

10108777★123456
  1. ★This thread
  2. 1Securing Stable Orders by Leveraging Technical Capabilities10×
  3. 2Expansion of order volume, including MMB on a consolidated basis10×
  4. 3Establishing a Stable Profit-Generating Structure8×
  5. 4Occurrence of construction contracts expected to incur losses7×
  6. 5Strengthening end-to-end engineering capabilities from design through erection and profitability7×
  7. 6Cost reduction through manufacturing efficiency, joint procurement, and mutual use of technologies7×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Miyaji Engineering Group yet. It last moved in the Earnings of 2026-08-06: "Other".
News
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Strengthening Core Businesses, Including New Bridge Construction, Railway Bridges and Steel Structures | MIYAJI ENGINEERING GROUP,INC. (3431) | Komori