Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe 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.
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.
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.
In the building-related business, revenue increased due to higher orders for fireproofing work and strong sales of fireproofing materials for residential applications and lining materials for chimneys. In the plant-related business, demand for insulation materials in the sales division declined, but revenue increased as maintenance and construction work in the steel, chemical and petroleum sectors remained steady. Operating profit increased despite higher personnel costs and selling, general and administrative expenses associated with the introduction of testing equipment, due to the increase in gross profit.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | 14,393 Millions of yen (YoY +17.8%) |
| Operating profit | 1,611 Millions of yen (YoY +56.9%) |
| Ordinary income | 1,603 Millions of yen (YoY +55.6%) |
| Profit attributable to owners of the parent | 1,177 Millions of yen (YoY +51.7%) |
| Net income per share | ¥135.95 |
| Operating Margin | 11.2% |
| Equity ratio | End of the current fiscal period 78.6% / End of previous period 76.9% |
| Total assets | 18,840 Millions of yen |
| Net assets | 14,800 Millions of yen |
| Cash flows from operating activities | 639 Millions of yen |
| Cash flows from investing activities | -430 Millions of yen |
| Cash flows from financing activities | -297 Millions of yen |
| Cash and cash equivalents at end of period | 4,816 Millions of yen |
| Full-year earnings forecast | Net Sales 13,050 Millions of yen (YoY -9.3%) / Operating profit 1,125 Millions of yen (YoY -30.2%) / Ordinary income 1,070 Millions of yen (YoY -33.3%) / Net income 734 Millions of yen (YoY -37.7%) |
| Annual Dividend Forecast | ¥37 → ¥40（8.1%） |
| Payout ratio | 29.4% for the fiscal year ended March 2026; forecast 47.2% for the fiscal year ending March 2027 |
| Segment revenue | Construction-related ¥5,114,836 thousand (YoY +14.7%), Plant-related ¥9,278,984 thousand (YoY +19.5%) |
| Segment profit | Construction-related ¥1,097,896 thousand (YoY +37.2%), Plant-related ¥1,668,145 thousand (YoY +32.6%) |
| Depreciation and amortization | ¥327,003 thousand |
| Impairment loss | ¥8,117 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Impairment Losses ¥8,117 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 0 companies (no company names provided) / Excluded 0 companies (no company names provided) |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Yes (for individual investors and institutional investors and analysts) |
| Issued Shares at Period-End | 8,707,200 shares |
| Treasury Shares at Period-End | 39,943 shares |
| Factors Behind Changes in Business Performance | In the building-related business, revenue increased due to higher orders for fireproofing work and strong sales of fireproofing materials for residential applications and lining materials for chimneys. In the plant-related business, demand for insulation materials in the sales division declined, but revenue increased as maintenance and construction work in the steel, chemical and petroleum sectors remained steady. Operating profit increased despite higher personnel costs and selling, general and administrative expenses associated with the introduction of testing equipment, due to the increase in gross profit. |
Items this document does not state (4)
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.Gross profit increased due to higher orders for fireproofing work at logistics facilities, offices and other sites, strong sales of fireproofing materials for residential applications and lining materials for chimneys, and steady maintenance and construction work in the steel, chemical and petroleum sectors. Although selling, general and administrative expenses increased due to higher personnel costs and the introduction of testing equipment for the environmental business, profit increased as a result of the rise in gross profit.