Worth reading
59In focus
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
-83.1
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 March 2025–28 February 2026ConsolidatedJapanese GAAPNet Sales11,690Millions of yenYear on year -18.8%Progress 86.6%
Operating profit102Millions of yenYear on year -83.1%Progress 18.5%
Ordinary income28Millions of yenYear on year -95.2%Progress 6.0%
Net income attributable to owners of the parent-221Millions of yen
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(¥170.67)
Operating MarginCurrent fiscal year 0.9 % / Previous period 4.2 %
Financial position at period-end
Total assets14,400Millions of yen
of which net assets 3,883 Millions of yenEquity ratio 27.0%vs. prior year-end +1.0pt
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+1,539
Investment-445
Financials-328
Net change+766
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).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 period1,748 Millions of yen
Segment revenue
Foundation business11,492,59198.3%-19.1%
Real Estate Leasing Business198,2621.7%-1.5%
Segment profit
Foundation business632,91784.0%-43.1%
Real Estate Leasing Business120,86216.0%-2.7%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales13,500 Millions of yen (YoY +15.5%)
Operating profit550 Millions of yen (YoY +436.7%)
Ordinary income470 Millions of yen
Profit attributable to owners of the parent280 Millions of yen
Annual Dividend Forecast¥85 → ¥85（0.0%）
Payout ratioFiscal year ended February 2026 Not disclosed / FY2027/2 forecast 39.3 %
Factors Behind Changes in Business Performance
Net sales fell below expectations due to sluggish demand for concrete piles, intensifying competition, substantial delays in the start of construction work, and projects shifting into a different period, while the fixed-cost burden increased as operating rates declined.
Disclosure regarding the going concern assumption
No applicable matters
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 Number of companies 0 companies / Company name Not disclosed / Excluded Number of companies 0 companies / Company name Not disclosed
Material subsequent eventsAt a meeting of the Board of Directors held on 10 April 2026, the Company resolved to dispose of 25,000 treasury shares through a third-party allotment to 株式会社三好商会. The disposal price is ¥2,270 per share, the amount to be raised is ¥56,750,000, and the disposal date is 27 April 2026. The purpose is to strengthen sales cooperation across the Kanto region, centered on Kanagawa Prefecture.
Impairment lossNo applicable matters
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥2,991 thousand, Subsidy Income ¥30,369 thousand / Extraordinary loss Loss on disposal and sale of non-current assets ¥3 thousand, Provision for allowance for doubtful accounts ¥353,600 thousand
Depreciation and amortization¥516,913 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End1,440,840 Shares
Treasury Shares at Period-End145,423 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2025–28 February 2026 |
| Net Sales | 11,690 Millions of yen (YoY -18.8%) |
| Operating profit | 102 Millions of yen (YoY -83.1%) |
| Ordinary income | 28 Millions of yen (YoY -95.2%) |
| Profit attributable to owners of the parent | -221 Millions of yen |
| Net income per share | (¥170.67) |
| Operating Margin | Current fiscal year 0.9 % / Previous period 4.2 % |
| Equity ratio | End of the current fiscal period 27 / End of previous period 26 |
| Total assets | 14,400 Millions of yen |
| Net assets | 3,883 Millions of yen |
| Cash flows from operating activities | 1,539 Millions of yen |
| Cash flows from investing activities | -445 Millions of yen |
| Cash flows from financing activities | -328 Millions of yen |
| Cash and cash equivalents at end of period | 1,748 Millions of yen |
| Full-year earnings forecast | Net Sales 13,500 Millions of yen (YoY +15.5%) / Operating profit 550 Millions of yen (YoY +436.7%) / Ordinary income 470 Millions of yen / Profit attributable to owners of the parent 280 Millions of yen |
| Annual Dividend Forecast | ¥85 → ¥85（0.0%） |
| Payout ratio | Fiscal year ended February 2026 Not disclosed / FY2027/2 forecast 39.3 % |
| Segment revenue | Foundation business ¥11,492,591 thousand (YoY -19.1%) / Real Estate Leasing Business ¥198,262 thousand (YoY -1.5%) |
| Segment profit | Foundation business ¥632,917 thousand (YoY -43.1%) / Real Estate Leasing Business ¥120,862 thousand (YoY -2.7%) |
| Depreciation and amortization | ¥516,913 thousand |
| Impairment loss | No applicable matters |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥2,991 thousand, Subsidy Income ¥30,369 thousand / Extraordinary loss Loss on disposal and sale of non-current assets ¥3 thousand, Provision for allowance for doubtful accounts ¥353,600 thousand |
| Disclosure regarding the going concern assumption | No applicable matters |
| 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 Number of companies 0 companies / Company name Not disclosed / Excluded Number of companies 0 companies / Company name Not disclosed |
| Material subsequent events | At a meeting of the Board of Directors held on 10 April 2026, the Company resolved to dispose of 25,000 treasury shares through a third-party allotment to 株式会社三好商会. The disposal price is ¥2,270 per share, the amount to be raised is ¥56,750,000, and the disposal date is 27 April 2026. The purpose is to strengthen sales cooperation across the Kanto region, centered on Kanagawa Prefecture. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 1,440,840 Shares |
| Treasury Shares at Period-End | 145,423 Shares |
| Factors Behind Changes in Business Performance | Net sales fell below expectations due to sluggish demand for concrete piles, intensifying competition, substantial delays in the start of construction work, and projects shifting into a different period, while the fixed-cost burden increased as operating rates declined. |
Items this document does not state (4)
Revision to Earnings ForecastShareholder Return PolicyRegional salesOrders received and order backlog
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.Net sales fell below expectations due to lower demand for concrete piles and intensifying competition in the core market, substantial delays in the start of construction work, and projects shifting into a different period, resulting in a higher fixed-cost burden caused by lower operating rates. The net loss was also affected by extraordinary losses, including ¥353.600 million in provision for allowance for doubtful accounts.
How to read this page
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