Worth reading
44Recurring
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
-17.1
%Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales8,530¥ millionYear on year -2.2%Progress 38.4%
Operating profit753¥ millionYear on year -17.1%Progress 21.4%
Ordinary income807¥ millionYear on year -19.0%Progress 22.4%
Net income attributable to owners of the parent506¥ millionYear on year -17.9%Progress 22.5%
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¥83.66
Financial position at period-end
Total assets20,708¥ million
of which net assets 13,725 ¥ millionEquity ratio 66.2%vs. prior year-end +5.0pt
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+1,864,118
Investment-370,264
Financials-1,153,865
Net change+339,989
Stacked from zero: upward is an increase in cash, downward a decrease (in Thousand 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 period5,228,716 Thousand yen
Segment revenueConcrete Products Manufacturing and Sales ¥4,863 million (YoY -9.1%), Manufacturing, Construction and Maintenance of Sluice Gates and Weirs ¥1,469 million (YoY +17.1%), Geological Surveys, Consulting and Civil Engineering ¥683 million (YoY -21.4%), Manufacture, sale and installation of expansion joints for bridges and elevated roads ¥1,153 million (YoY +32.5%), Inspection, Survey and Repair of Concrete Structures ¥278 million (YoY +14.6%), Sales and Maintenance of Information Equipment ¥69 million (YoY -44.1%), Real estate business ¥137 million (YoY -0.7%)
Segment profitConcrete Products Manufacturing and Sales ¥697 million (YoY -32.8%), Manufacturing, Construction and Maintenance of Sluice Gates and Weirs ¥66 million, Geological Surveys, Consulting and Civil Engineering ¥26 million (YoY -64.8%), Manufacture, sale and installation of expansion joints for bridges and elevated roads ¥-100 million, Inspection, Survey and Repair of Concrete Structures ¥-10 million, Sales and Maintenance of Information Equipment ¥16 million (YoY -46.1%), Real estate business ¥82 million (YoY -0.4%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥22,200 million (YoY +4.5%)
Operating profit¥3,520 million (YoY -0.7%)
Ordinary income¥3,600 million (YoY +2.4%)
Net income¥2,250 million (YoY +1.7%)
Annual Dividend Forecast¥110 → ¥112
Factors Behind Changes in Business Performance
Decline in product shipment volumes for large-scale projects due to the completion of product shipments for major projects in the previous interim period, higher costs for materials, raw materials and logistics, and price competition. In the sluice gate and weir business, the number of large-scale project orders increased and subcontracting costs declined as the proportion of in-house production increased.
Disclosure regarding the going concern assumption
No applicable items
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 / Company name Not applicable / Excluded Number of companies 0 / Company name Not applicable
Impairment lossNo applicable items
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of fixed assets 590 Thousand yen / Extraordinary loss Not disclosed
Depreciation and amortization346,693 Thousand yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End6,306,000
Treasury Shares at Period-End247,176
| 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 | ¥8,530 million (YoY -2.2%) |
| Operating profit | ¥753 million (YoY -17.1%) |
| Ordinary income | ¥807 million (YoY -19.0%) |
| Profit attributable to owners of the parent | ¥506 million (YoY -17.9%) |
| Net income per share | ¥83.66 |
| Equity ratio | End of the current fiscal period 66.2 / End of previous period 61.2 |
| Total assets | ¥20,708 million |
| Net assets | ¥13,725 million |
| Cash flows from operating activities | 1,864,118 Thousand yen |
| Cash flows from investing activities | -370,264 Thousand yen |
| Cash flows from financing activities | -1,153,865 Thousand yen |
| Cash and cash equivalents at end of period | 5,228,716 Thousand yen |
| Full-year earnings forecast | Net Sales ¥22,200 million (YoY +4.5%) / Operating profit ¥3,520 million (YoY -0.7%) / Ordinary income ¥3,600 million (YoY +2.4%) / Net income ¥2,250 million (YoY +1.7%) |
| Annual Dividend Forecast | ¥110 → ¥112 |
| Segment revenue | Concrete Products Manufacturing and Sales ¥4,863 million (YoY -9.1%), Manufacturing, Construction and Maintenance of Sluice Gates and Weirs ¥1,469 million (YoY +17.1%), Geological Surveys, Consulting and Civil Engineering ¥683 million (YoY -21.4%), Manufacture, sale and installation of expansion joints for bridges and elevated roads ¥1,153 million (YoY +32.5%), Inspection, Survey and Repair of Concrete Structures ¥278 million (YoY +14.6%), Sales and Maintenance of Information Equipment ¥69 million (YoY -44.1%), Real estate business ¥137 million (YoY -0.7%) |
| Segment profit | Concrete Products Manufacturing and Sales ¥697 million (YoY -32.8%), Manufacturing, Construction and Maintenance of Sluice Gates and Weirs ¥66 million, Geological Surveys, Consulting and Civil Engineering ¥26 million (YoY -64.8%), Manufacture, sale and installation of expansion joints for bridges and elevated roads ¥-100 million, Inspection, Survey and Repair of Concrete Structures ¥-10 million, Sales and Maintenance of Information Equipment ¥16 million (YoY -46.1%), Real estate business ¥82 million (YoY -0.4%) |
| Depreciation and amortization | 346,693 Thousand yen |
| Impairment loss | No applicable items |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of fixed assets 590 Thousand yen / Extraordinary loss Not disclosed |
| Disclosure regarding the going concern assumption | No applicable items |
| 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 / Company name Not applicable / Excluded Number of companies 0 / Company name Not applicable |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 6,306,000 |
| Treasury Shares at Period-End | 247,176 |
| Factors Behind Changes in Business Performance | Decline in product shipment volumes for large-scale projects due to the completion of product shipments for major projects in the previous interim period, higher costs for materials, raw materials and logistics, and price competition. In the sluice gate and weir business, the number of large-scale project orders increased and subcontracting costs declined as the proportion of in-house production increased. |
Items this document does not state (7)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial 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.Product shipments for large-scale projects declined, partly because product shipments for major disaster prevention and infrastructure construction projects had been completed in the previous interim period. At the same time, the company was affected by higher costs for materials, raw materials and logistics, as well as price competition, while working to pass these increases on to selling prices.
How to read this page
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