Worth reading
55In 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
23.2
%Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales41,200¥ millionYear on year +23.2%Progress 20.8%
Operating profit1,134¥ millionYear on year +1.5%Progress 9.5%
Ordinary income1,081¥ millionYear on year +0.7%Progress 9.7%
Net income attributable to owners of the parent419¥ millionYear on year -42.7%Progress 5.1%
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¥10.66
Financial position at period-end
Total assets250,707¥ million
of which net assets 132,065 ¥ millionEquity ratio 52.7%vs. prior year-end -0.2pt
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.
Segment revenueBridge Business ¥22,248 million (YoY +19.6%), System Building Business ¥11,026 million (YoY +11.4%), Engineering Business ¥6,481 million (YoY +76.4%), Advanced Technology Business ¥1,322 million (YoY +15.2%), Other Businesses ¥122 million
Segment profitBridge Business ¥367 million (YoY -49.0%), System Building Business ¥1,024 million (YoY +41.7%), Engineering Business ¥417 million, Advanced Technology Business ¥116 million (YoY -25.8%), Other Businesses ¥66 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥198,000 million (YoY +37.6%)
Operating profit¥12,000 million (YoY -11.1%)
Ordinary income¥11,200 million (YoY -17.7%)
Net income¥8,200 million (YoY -5.6%)
Revision to Earnings ForecastNo revision
Annual Dividend Forecast¥120 → ¥130
Factors Behind Changes in Business Performance
Revenue increased due to the contribution from the BR Holdings Group, a substantial order backlog, steady progress on projects in progress, and an increase in orders received. Operating income in the Bridge Business declined based on the status of projects in progress, while operating income in the System Construction Business increased as production progressed steadily. Quarterly net income attributable to owners of the parent declined due to one-time acquisition-related expenses.
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 0 companies / Excluded 0 companies / Company name None
Material subsequent eventsThe Company resolved to acquire treasury shares, conduct an absorption-type merger between wholly owned subsidiaries, and acquire shares in a sub-subsidiary through an in-kind dividend. The treasury share acquisition will be capped at 1 million shares and ¥2 billion in total.
Breakdown of extraordinary income (loss)Extraordinary income No recognition / Extraordinary loss Losses on disposal of fixed assets ¥3 million, Acquisition-Related Costs ¥471 million
Depreciation and amortization¥1,321 million
Orders received and order backlogOrders received ¥34,296 million / Order backlog ¥255,204 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End43,164,802 Shares
Treasury Shares at Period-End3,789,803 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥41,200 million (YoY +23.2%) |
| Operating profit | ¥1,134 million (YoY +1.5%) |
| Ordinary income | ¥1,081 million (YoY +0.7%) |
| Profit attributable to owners of the parent | ¥419 million (YoY -42.7%) |
| Net income per share | ¥10.66 |
| Equity ratio | End of the current fiscal period 52.7 / End of previous period 52.9 |
| Total assets | ¥250,707 million |
| Net assets | ¥132,065 million |
| Full-year earnings forecast | Net Sales ¥198,000 million (YoY +37.6%) / Operating profit ¥12,000 million (YoY -11.1%) / Ordinary income ¥11,200 million (YoY -17.7%) / Net income ¥8,200 million (YoY -5.6%) |
| Revision to Earnings Forecast | No revision |
| Annual Dividend Forecast | ¥120 → ¥130 |
| Segment revenue | Bridge Business ¥22,248 million (YoY +19.6%), System Building Business ¥11,026 million (YoY +11.4%), Engineering Business ¥6,481 million (YoY +76.4%), Advanced Technology Business ¥1,322 million (YoY +15.2%), Other Businesses ¥122 million |
| Segment profit | Bridge Business ¥367 million (YoY -49.0%), System Building Business ¥1,024 million (YoY +41.7%), Engineering Business ¥417 million, Advanced Technology Business ¥116 million (YoY -25.8%), Other Businesses ¥66 million |
| Orders received and order backlog | Orders received ¥34,296 million / Order backlog ¥255,204 million |
| Depreciation and amortization | ¥1,321 million |
| Breakdown of extraordinary income (loss) | Extraordinary income No recognition / Extraordinary loss Losses on disposal of fixed assets ¥3 million, Acquisition-Related Costs ¥471 million |
| 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 / Excluded 0 companies / Company name None |
| Material subsequent events | The Company resolved to acquire treasury shares, conduct an absorption-type merger between wholly owned subsidiaries, and acquire shares in a sub-subsidiary through an in-kind dividend. The treasury share acquisition will be capped at 1 million shares and ¥2 billion in total. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 43,164,802 Shares |
| Treasury Shares at Period-End | 3,789,803 Shares |
| Factors Behind Changes in Business Performance | Revenue increased due to the contribution from the BR Holdings Group, a substantial order backlog, steady progress on projects in progress, and an increase in orders received. Operating income in the Bridge Business declined based on the status of projects in progress, while operating income in the System Construction Business increased as production progressed steadily. Quarterly net income attributable to owners of the parent declined due to one-time acquisition-related expenses. |
Items this document does not state (9)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesImpairment loss
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.Revenue increased due to the contribution from the BR Holdings Group, a substantial order backlog and steady progress on projects in progress at the beginning of the period, and an increase in orders received. Meanwhile, quarterly net income attributable to owners of the parent declined because one-time acquisition-related expenses were recorded as an extraordinary loss.
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