Worth reading
56In focus
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
36.4
Year-on-year decline in operating profit (%)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending March 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥17,307 million+0.3%
Operating profit¥1,749 million-36.4%
Ordinary income¥1,794 million-35.5%
Net income¥1,518 million-31.2%
Operating profit margin10.1%; change from the same period of the previous year: Not disclosed
Full-year earnings forecast
Net Sales
¥16,000 million
Operating profit
¥660 million
Ordinary income
¥710 million
Net income
¥560 million
Earnings per share
¥47.67
Dividend per share
¥50
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The forecast includes numerous large-scale projects spanning multiple fiscal years, with revenue tending to be concentrated toward the end of the construction period. It also reflects the impact of external factors, including soaring raw material prices.New initiatives
- Established the Office for Promoting Social Implementation in April 2026
- Capital and business alliance with PXP
- Commercialization of an environmental business using chalcopyrite solar cells
- Accelerated the investigation into commercializing a road safety business in India
Medium-term management plan targets
Net Sales
¥16,000 million
Target fiscal yearFiscal year ending March 2027
Operating profit margin
4% or higher
Target fiscal yearFiscal year ending March 2027
ROE
At least 2.3%
Target fiscal yearFiscal year ending March 2027
New system sales ratio
10% or higher
Target fiscal yearFiscal year ending March 2027
Payout ratio
Floor of 30%
Target fiscal yearFiscal year ending March 2027
PBR
At least 1x
Target fiscal yearFiscal year ending March 2027
Financial targets
ROE of at least 2.3%; PBR of at least 1xOrders received and order backlog
Order backlog
¥16,704 million
As ofEnd of fiscal year ending March 2026
Number of employees
409 People
As of31 March 2026
Capital expenditures
¥345 million
Annual Dividend
¥50
BreakdownOrdinary dividend of ¥45; commemorative dividend of ¥5
Payout ratio
Progressive dividend policy with a floor of 30%Acquisition of treasury shares
The shareholder return policy mentions share splits, share buybacks and other measures, but the buyback limit, number of shares and period are Not disclosed| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥17,307 million (YoY +0.3%) |
| Operating profit | ¥1,749 million (YoY -36.4%) |
| Ordinary income | ¥1,794 million (YoY -35.5%) |
| Net income | ¥1,518 million (YoY -31.2%) |
| Operating profit margin | 10.1%; change from the same period of the previous year: Not disclosed |
| Full-year earnings forecast | Net Sales ¥16,000 million / Operating profit ¥660 million / Ordinary income ¥710 million / Net income ¥560 million / Earnings per share ¥47.67 / Dividend per share ¥50 |
| Number of employees | 409 People |
| Assumptions Underlying the Business Outlook | The forecast includes numerous large-scale projects spanning multiple fiscal years, with revenue tending to be concentrated toward the end of the construction period. It also reflects the impact of external factors, including soaring raw material prices. |
| Medium-term management plan targets | Net Sales ¥16,000 million / Operating profit margin 4% or higher / ROE At least 2.3% / New system sales ratio 10% or higher / Payout ratio Floor of 30% / PBR At least 1x |
| Financial targets | ROE of at least 2.3%; PBR of at least 1x |
| Annual Dividend | ¥50 |
| Payout ratio | Progressive dividend policy with a floor of 30% |
| Acquisition of treasury shares | The shareholder return policy mentions share splits, share buybacks and other measures, but the buyback limit, number of shares and period are Not disclosed |
| Capital expenditures | ¥345 million |
| Orders received and order backlog | Order backlog ¥16,704 million |
| New initiatives | Established the Office for Promoting Social Implementation in April 2026, Capital and business alliance with PXP, Commercialization of an environmental business using chalcopyrite solar cells, Accelerated the investigation into commercializing a road safety business in India |
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsBreakdown of Factors Affecting the ChangeKey KPIsUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMarket Size / ShareKey points of the Q&A
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.The company cited higher cost estimates due to project delays and higher materials costs resulting from soaring prices as factors behind the decline in earnings for the fiscal year ending March 2026. The reasons given for revising the medium-term management plan were delays in the timing of revenue recognition for large-scale projects, changes in the revenue mix, lower profit margins on challenging projects, tighter labor regulations and higher materials prices in the construction industry, and delays in the launch of new businesses.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.