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Financial results presentation3443KAWADA TECHNOLOGIES,INC.Construction and Materials

Materials for the Financial Results Briefing for the Fiscal Year Ending March 2026

In the fiscal year ending March 2026, the lengthening of project schedules due to larger-scale construction projects and labor shortages reduced the number of projects contributing to revenue for the period, resulting in revenue, operating profit and net income below the previous fiscal year. Meanwhile, the order backlog at the end of the fiscal year reached a new record high, and for the fiscal year ending March 2027, the company expects higher revenue but lower operating profit and below.

Worth reading
48Recurring
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
-17880
¥ million (year-on-year change in revenue)
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Financial results presentationFiscal 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¥115,025 million-13.5%
Operating profit¥8,598 million-11.2%
Ordinary income¥11,055 million-12.4%
Net income¥8,782 million-20.9%
Gross Profit Margin18.6%
Operating profit margin7.5%
Full-year earnings forecast
Net Sales
¥125,000 million
Operating profit
¥7,200 million
Ordinary income
¥9,500 million
Profit attributable to owners of the parent
¥7,100 million
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Yen depreciation
  • Labor shortages
  • Continued inflation in input costs
  • Concerns over tight supplies of construction materials
  • Outlook for orders, revenue and profit in each segment
New initiatives
  • Launch of the Fourth Medium-Term Management Plan
  • Launch of sales of the C-LUM welding monitoring system
  • Proof-of-concept testing of work at heights with NTT-ME using the NEXTAGE humanoid robot
  • Entry into the software business for the public infrastructure market
  • Research and development and external sales centered on construction and robotics
  • Share repurchases
  • Revision of the shareholder return policy
Key KPIsA metric the company considers important as a management benchmark.
  • Orders received during the period¥127,638 million
    Year on year against the same period last year-13.9%
  • Order backlog at period-end¥178,306 million
    Year on year against the same period last year+6.2% (record high)
  • Equity ratio60.7%
    Year on year against the same period last year+5.7pp
  • ROE9.2%
    Year on year against the same period last year-3.6pp
  • ROA6.7%
    Year on year against the same period last year-1.0pp
Segment results
  • Steel structures
    Net Sales¥49,879 million (YoY -21.0%)
    Operating profit¥6,320 million (YoY +0.7%)
  • Civil engineering
    Net Sales¥32,918 million (YoY -14.8%)
    Operating profit¥1,654 million (YoY -21.4%)
  • Construction
    Net Sales¥16,703 million (YoY +8.0%)
    Operating profit¥1,308 million (YoY -9.4%)
  • Solutions
    Net Sales¥8,197 million (YoY +3.1%)
    Operating profit¥3,098 million (YoY +3.9%)
Medium-term management plan targets
  • PlanFourth Medium-Term Management Plan
    Net SalesAt least ¥383.0 billion cumulatively over 3 years
  • PlanFourth Medium-Term Management Plan
    Operating profitAt least ¥23.5 billion cumulatively over 3 years
  • PlanFourth Medium-Term Management Plan
    Net income①At least ¥23.2 billion cumulatively over 3 years
  • PlanFourth Medium-Term Management Plan
    ROE①At least 8.0%
  • PlanFourth Medium-Term Management Plan
    ROE②At least 10.0%
  • PlanFourth Medium-Term Management Plan
    Payout ratioApproximately 30.0%
  • PlanFourth Medium-Term Management Plan
    Total payout ratioApproximately 50.0%
Financial targets
ROE①At least 8.0%
ROE②At least 10.0%
Actual equity ratio60.7%
Market Size / Share
The steel bridge market is expected to remain stable. The robotics market is expected to expand rapidly. Numerical market share: Not disclosed
Orders received and order backlog
Orders received during the period
¥127,638 million
Order backlog at period-end
¥178,306 million
Capital expenditures
¥95 hundred million Fourth Medium-Term Management Plan
Annual Dividend
Fiscal year ending March 2026¥50.3 (including interim dividend of ¥21.0)
Fiscal year ending March 2027 (forecast)¥42.0 expected (including interim dividend of ¥21.0)
Floor during the Fourth Medium-Term Management Plan period¥35
Payout ratio
Fiscal year ending March 202630.0%
Fiscal year ending March 2027 (forecast)30.9%
PolicyConsolidated payout ratio of approximately 30%
Acquisition of treasury shares
Buyback limitUp to ¥1.5 billion
Period1 April 2026 to 24 June 2026
SituationIn progress
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFiscal year ending March 2026
Net Sales¥115,025 million (YoY -13.5%)
Operating profit¥8,598 million (YoY -11.2%)
Ordinary income¥11,055 million (YoY -12.4%)
Net income¥8,782 million (YoY -20.9%)
Gross Profit Margin18.6%
Operating profit margin7.5%
Full-year earnings forecastNet Sales ¥125,000 million / Operating profit ¥7,200 million / Ordinary income ¥9,500 million / Profit attributable to owners of the parent ¥7,100 million
Segment resultsSegment Steel structures / Net Sales ¥49,879 million (YoY -21.0%) / Operating profit ¥6,320 million (YoY +0.7%), Segment Civil engineering / Net Sales ¥32,918 million (YoY -14.8%) / Operating profit ¥1,654 million (YoY -21.4%), Segment Construction / Net Sales ¥16,703 million (YoY +8.0%) / Operating profit ¥1,308 million (YoY -9.4%), Segment Solutions / Net Sales ¥8,197 million (YoY +3.1%) / Operating profit ¥3,098 million (YoY +3.9%)
Key KPIsIndicator name Orders received during the period / Value ¥127,638 million / Year on year against the same period last year -13.9%, Indicator name Order backlog at period-end / Value ¥178,306 million / Year on year against the same period last year +6.2% (record high), Indicator name Equity ratio / Value 60.7% / Year on year against the same period last year +5.7pp, Indicator name ROE / Value 9.2% / Year on year against the same period last year -3.6pp, Indicator name ROA / Value 6.7% / Year on year against the same period last year -1.0pp
Assumptions Underlying the Business OutlookYen depreciation, Labor shortages, Continued inflation in input costs, Concerns over tight supplies of construction materials, Outlook for orders, revenue and profit in each segment
Medium-term management plan targetsPlan Fourth Medium-Term Management Plan / Net Sales At least ¥383.0 billion cumulatively over 3 years, Plan Fourth Medium-Term Management Plan / Operating profit At least ¥23.5 billion cumulatively over 3 years, Plan Fourth Medium-Term Management Plan / Net income① At least ¥23.2 billion cumulatively over 3 years, Plan Fourth Medium-Term Management Plan / ROE① At least 8.0%, Plan Fourth Medium-Term Management Plan / ROE② At least 10.0%, Plan Fourth Medium-Term Management Plan / Payout ratio Approximately 30.0%, Plan Fourth Medium-Term Management Plan / Total payout ratio Approximately 50.0%
Financial targetsROE① At least 8.0% / ROE② At least 10.0% / Actual equity ratio 60.7%
Annual DividendFiscal year ending March 2026 ¥50.3 (including interim dividend of ¥21.0) / Fiscal year ending March 2027 (forecast) ¥42.0 expected (including interim dividend of ¥21.0) / Floor during the Fourth Medium-Term Management Plan period ¥35
Payout ratioFiscal year ending March 2026 30.0% / Fiscal year ending March 2027 (forecast) 30.9% / Policy Consolidated payout ratio of approximately 30%
Acquisition of treasury sharesBuyback limit Up to ¥1.5 billion / Period 1 April 2026 to 24 June 2026 / Situation In progress
Capital expenditures¥95 hundred million (Fourth Medium-Term Management Plan)
Orders received and order backlogOrders received during the period ¥127,638 million / Order backlog at period-end ¥178,306 million
Market Size / ShareThe steel bridge market is expected to remain stable. The robotics market is expected to expand rapidly. Numerical market share: Not disclosed
New initiativesLaunch of the Fourth Medium-Term Management Plan, Launch of sales of the C-LUM welding monitoring system, Proof-of-concept testing of work at heights with NTT-ME using the NEXTAGE humanoid robot, Entry into the software business for the public infrastructure market, Research and development and external sales centered on construction and robotics, Share repurchases, Revision of the shareholder return policy
Items this document does not state (10)
Selling, 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.

The company cited the lengthening of project schedules due to the trend toward larger projects, the resulting decline in projects contributing to progress during the period, the impact of labor shortages, and higher selling, general and administrative expenses.

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.
Materials for the Financial Results Briefing for the Fiscal Year Ending March 2026 | KAWADA TECHNOLOGIES,INC. (3443) timely disclosure | Komori