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 ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
In the Newbuilding business, the transition to a product-mix structure progressed smoothly. In addition to the benefits of cost-reduction initiatives carried out jointly by the parties involved in design, manufacturing and procurement, the continued depreciation of the yen resulted in higher revenue and profit. In the Repair Vessels business, the volume of domestic naval vessel repair work declined substantially. Net income attributable to owners of the parent decreased because income taxes and other taxes increased by ¥4,815 million year on year.
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 | ¥159,035 million (YoY -0.1%) |
| Operating profit | ¥28,085 million (YoY -4.7%) |
| Ordinary income | ¥29,535 million (YoY +0.1%) |
| Profit attributable to owners of the parent | ¥21,590 million (YoY -17.7%) |
| Net income per share | ¥310.92 |
| Operating Margin | 17.7% |
| Equity ratio | End of the current fiscal period 51.3% / End of previous period 50.0% |
| Total assets | ¥266,148 million |
| Net assets | ¥137,441 million |
| Cash flows from operating activities | ¥38,847 million |
| Cash flows from investing activities | ¥-9,810 million |
| Cash flows from financing activities | ¥-500 million |
| Cash and cash equivalents at end of period | ¥118,724 million |
| Full-year earnings forecast | Net Sales ¥170,000 million (YoY +6.9%) / Operating profit ¥29,000 million (YoY +3.3%) / Ordinary income ¥30,000 million (YoY +1.6%) / Net income ¥22,000 million (YoY +1.9%) |
| Annual Dividend Forecast | ¥50 → ¥60（+20.0%） |
| Payout ratio | 18.9% |
| Segment revenue | New vessels ¥125,643 million (YoY +2.3%), Repair Vessels ¥20,538 million (YoY -10.9%), Steel Structures and Machinery ¥6,279 million (YoY +0.9%), Other ¥6,575 million (YoY -7.2%) |
| Segment profit | New vessels ¥28,630 million (YoY +3.8%), Repair Vessels ¥1,567 million (YoY -56.9%), Steel Structures and Machinery ¥348 million (YoY +203.1%), Other ¥882 million (YoY +5.4%) |
| Orders received and order backlog | Orders received ¥178,814 million / Order backlog ¥441,093 million / Segment orders received New vessels ¥141,222 million, Repair Vessels ¥22,347 million, Steel Structures and Machinery ¥8,801 million, Other ¥6,444 million / Segment order backlog New vessels ¥422,073 million, Repair Vessels ¥10,226 million, Steel Structures and Machinery ¥8,002 million, Other ¥792 million |
| Depreciation and amortization | ¥3,827 million |
| Impairment loss | ¥0 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥47 million / Extraordinary loss None |
| 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 / Company name None / Excluded Number of companies 0 / Company name None |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and securities analysts |
| Issued Shares at Period-End | 69,475,551 |
| Treasury Shares at Period-End | 10,053 |
| Factors Behind Changes in Business Performance | In the Newbuilding business, the transition to a product-mix structure progressed smoothly. In addition to the benefits of cost-reduction initiatives carried out jointly by the parties involved in design, manufacturing and procurement, the continued depreciation of the yen resulted in higher revenue and profit. In the Repair Vessels business, the volume of domestic naval vessel repair work declined substantially. Net income attributable to owners of the parent decreased because income taxes and other taxes increased by ¥4,815 million year on year. |
Items this document does not state (3)
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 Newbuilding business posted higher revenue and profit as a result of the transition to a product-mix structure, cost-reduction initiatives and the continued depreciation of the yen. In contrast, the Repair Vessels business posted lower revenue and profit because the volume of domestic naval vessel repair work declined substantially. Net income attributable to owners of the parent decreased because income taxes and other taxes increased by ¥4,815 million year on year. The outlook for the next fiscal year incorporates inflation, higher labor costs and the tax burden, among other factors.