Worth reading
72In 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
60.8
% (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedIFRSNet Sales1,124,878¥ millionYear on year +32.7%Progress 82.3%
Operating profit75,805¥ millionYear on year +60.8%Progress 97.4%
Ordinary income107,245¥ millionYear on year +115.5%Progress 125.6%
Net income attributable to owners of the parent76,573¥ millionYear on year +136.2%Progress 127.6%
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 share¥295.46
Financial position at period-end
Total assets2,023,100¥ million
of which net assets 645,230 ¥ millionEquity ratio 30.2%vs. prior year-end -5.6pt
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+192,785
Investment-39,260
Financials+86,677
Net change+240,202
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¥360,981 million
Segment revenueBuilding Construction ¥497,727 million (YoY +36.9%), Civil Engineering Business ¥264,954 million (YoY +81.0%), Paving Business ¥282,240 million (YoY +7.3%), Machinery Business ¥39,501 million (YoY -3.7%), Infrastructure Operations Business ¥37,417 million (YoY +21.6%)
Segment profitBuilding Construction ¥22,160 million (YoY +55.8%), Civil Engineering Business ¥26,060 million (YoY +65.1%), Paving Business ¥21,381 million (YoY +7.4%), Machinery Business ¥1,927 million (YoY -15.4%), Infrastructure Operations Business ¥-1,748 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,366,000 million (YoY +21.4%)
Operating profit¥77,800 million (YoY +2.6%)
Ordinary income¥85,400 million (YoY -20.4%)
Net income¥60,000 million (YoY -21.6%)
Annual Dividend Forecast¥120 per share → ¥100 per share
Payout ratioActual results for the current fiscal year 40.6% / Next-year forecast 43.6%
Shareholder Return PolicyAnnual dividends of ¥60 per common share as the minimum, with a dividend payout ratio of at least 40%. From the following fiscal year onward, the minimum annual dividend per common share will be ¥90.
Factors Behind Changes in Business Performance
The consolidation of Sumitomo Mitsui Construction, progress on projects in hand and projects received, securing design changes, improved construction efficiency and shorter construction periods, higher profit margins at the time of order receipt, the maintenance of selling prices, and gains on the sale of investments in affiliates, among other factors.
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 Not disclosed
Changes in the scope of consolidationNew Number of companies 22 / Company name Sumitomo Mitsui Construction Co., Ltd. and 21 other consolidated subsidiaries / Excluded Not disclosed
Material subsequent eventsOn 14 April 2026, the company resolved at an extraordinary meeting of the Board of Directors to acquire all shares of 水ing(株), making it a wholly owned subsidiary, and entered into a share transfer agreement. The planned acquisition price is ¥91,200 million, and the share transfer is scheduled to be completed on 1 July 2026.
Impairment loss¥7,429 million
Breakdown of extraordinary income (loss)Items affecting profit Gain on sale of investments in affiliates ¥14,911 million, Impairment Losses ¥7,429 million
Depreciation and amortization¥44,612 million
Orders received and order backlogOrders received Building Construction 710,106 / Civil Engineering Business 382,435 / Paving Business 303,519 / Carried-forward construction work Building Construction 878,457 / Civil Engineering Business 704,555 / Paving Business 97,630
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End274,845,024
Treasury Shares at Period-End22,151,656
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥1,124,878 million (YoY +32.7%) |
| Operating profit | ¥75,805 million (YoY +60.8%) |
| Ordinary income | ¥107,245 million (YoY +115.5%) |
| Profit attributable to owners of the parent | ¥76,573 million (YoY +136.2%) |
| Net income per share | ¥295.46 |
| Equity ratio | End of the current fiscal period 30.2% / End of previous period 35.8% |
| Total assets | ¥2,023,100 million |
| Net assets | ¥645,230 million |
| Cash flows from operating activities | ¥192,785 million |
| Cash flows from investing activities | ¥-39,260 million |
| Cash flows from financing activities | ¥86,677 million |
| Cash and cash equivalents at end of period | ¥360,981 million |
| Full-year earnings forecast | Net Sales ¥1,366,000 million (YoY +21.4%) / Operating profit ¥77,800 million (YoY +2.6%) / Ordinary income ¥85,400 million (YoY -20.4%) / Net income ¥60,000 million (YoY -21.6%) |
| Annual Dividend Forecast | ¥120 per share → ¥100 per share |
| Payout ratio | Actual results for the current fiscal year 40.6% / Next-year forecast 43.6% |
| Shareholder Return Policy | Annual dividends of ¥60 per common share as the minimum, with a dividend payout ratio of at least 40%. From the following fiscal year onward, the minimum annual dividend per common share will be ¥90. |
| Segment revenue | Building Construction ¥497,727 million (YoY +36.9%), Civil Engineering Business ¥264,954 million (YoY +81.0%), Paving Business ¥282,240 million (YoY +7.3%), Machinery Business ¥39,501 million (YoY -3.7%), Infrastructure Operations Business ¥37,417 million (YoY +21.6%) |
| Segment profit | Building Construction ¥22,160 million (YoY +55.8%), Civil Engineering Business ¥26,060 million (YoY +65.1%), Paving Business ¥21,381 million (YoY +7.4%), Machinery Business ¥1,927 million (YoY -15.4%), Infrastructure Operations Business ¥-1,748 million |
| Orders received and order backlog | Orders received Building Construction 710,106 / Civil Engineering Business 382,435 / Paving Business 303,519 / Carried-forward construction work Building Construction 878,457 / Civil Engineering Business 704,555 / Paving Business 97,630 |
| Depreciation and amortization | ¥44,612 million |
| Impairment loss | ¥7,429 million |
| Breakdown of extraordinary income (loss) | Items affecting profit Gain on sale of investments in affiliates ¥14,911 million, Impairment Losses ¥7,429 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 Not disclosed |
| Changes in the scope of consolidation | New Number of companies 22 / Company name Sumitomo Mitsui Construction Co., Ltd. and 21 other consolidated subsidiaries / Excluded Not disclosed |
| Material subsequent events | On 14 April 2026, the company resolved at an extraordinary meeting of the Board of Directors to acquire all shares of 水ing(株), making it a wholly owned subsidiary, and entered into a share transfer agreement. The planned acquisition price is ¥91,200 million, and the share transfer is scheduled to be completed on 1 July 2026. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 274,845,024 |
| Treasury Shares at Period-End | 22,151,656 |
| Factors Behind Changes in Business Performance | The consolidation of Sumitomo Mitsui Construction, progress on projects in hand and projects received, securing design changes, improved construction efficiency and shorter construction periods, higher profit margins at the time of order receipt, the maintenance of selling prices, and gains on the sale of investments in affiliates, among other factors. |
Items this document does not state (3)
Operating MarginRevision to Earnings ForecastRegional sales
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 making Sumitomo Mitsui Construction a wholly owned subsidiary, results were supported in the Building Business by steady progress on projects in hand; in the Civil Engineering Business by progress on projects in hand and projects received, securing design changes, improved construction efficiency and shorter construction periods; and in the Paving Business by higher profit margins at the time of order receipt and the maintenance of selling prices.
How to read this page
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