Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
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Conditional
How definitive the wording is.Items stated in the management plan
The previous plan was ended ahead of schedule, and a new medium-term management plan was launched.Net Sales+17.5%
基準 40Target47Hundreds of millions of yen
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document. The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
Operating profitNot disclosed → ¥3 billion
ROENot disclosed → At least 8%
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planFiscal 2026 (consolidated): revenue of ¥40.0 billion and ordinary profit of ¥2.0 billion → Fiscal 2025 results: revenue of ¥40.3 billion and ordinary profit of ¥2.6 billion（Revenue increased by 0.75% and ordinary profit increased by 30%）-0.0%Calculated from the two disclosed figures
Total investment plan¥10.0 billion–¥14.0 billion (investment cash flow over the next five years); approximately ¥10.0 billion will be invested in sustainable growth over the five-year period.
Statements about the use of capital
Payout ratio / DOE policyProgressive dividends based on a payout ratio of at least 35% and a dividend per share of ¥38 (¥190 before the stock split). Future dividends will be paid based on sustainable growth and financial soundness.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyThe Company will consider implementing share repurchases flexibly to improve capital efficiency, enhance shareholder returns, and respond to changes in the business environment.
Self-assessment of PBR and share pricePBR has remained below 1x for several years. PER has remained low, and investor recognition of the Company's medium- to long-term business strategy is limited. The Company aims to improve PBR through these initiatives.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Continue efforts to secure appropriate unit-price improvements
02Allocate appropriate resources to areas of demand
03Control the volume and prices of construction materials appropriately and pursue purchasing strategies
04Expand the construction and processing businesses
05Accelerate the selection and concentration of resources in growth products
06Invest in equipment to improve factory productivity
07Invest in IT and other areas to improve operational efficiency
08Explore business development opportunities related to heavy temporary structures
09Appropriate cash allocation based on financial soundness
10Recruitment and Development
11Improve employee and work engagement through the introduction of a new personnel system
12Building a Sustainable Supply Chain
13Contribute to the development of social infrastructure through safe and secure operations
Plan assumptionsExternal factors include rising prices, labor shortages in the construction industry, implementation of the Act on the Optimization of Transactions, IT technologies and automation, and national resilience initiatives. Numerical assumptions are Not disclosed.
Risks identified by the company
Uncertainty regarding economic trends and other factors
Shortage of Workers in the Construction Industry
Inflation
Higher raw material costs
Implementation of the Act on the Optimization of Transactions
Reason for revision or withdrawal
The Company maintained ordinary profit of ¥2.0 billion, the target level, from the first year of the previous plan. In addition, fiscal 2025 results of revenue of ¥40.3 billion and ordinary profit of ¥2.6 billion indicate that business structural reforms and improvements in the earnings base have been achieved to a certain extent. Accordingly, the previous plan was ended ahead of schedule, and from fiscal 2026 the Company is entering a phase of implementing its next initiatives.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan〈Fiscal 2026–2030〉 |
| Plan period | Fiscal 2026 (fiscal year ending March 2027) through fiscal 2030 (fiscal year ending March 2031) |
| Progress against the plan | The previous plan was ended ahead of schedule, and a new medium-term management plan was launched. |
| Sales Target | ¥40 billion → ¥47.0 billion（Up 17.5% year on year） |
| Operating profit target | Not disclosed → ¥3 billion |
| ROE target | Not disclosed → At least 8% |
| Payout ratio / DOE policy | Progressive dividends based on a payout ratio of at least 35% and a dividend per share of ¥38 (¥190 before the stock split). Future dividends will be paid based on sustainable growth and financial soundness. |
| Treasury share acquisition policy | The Company will consider implementing share repurchases flexibly to improve capital efficiency, enhance shareholder returns, and respond to changes in the business environment. |
| Self-assessment of PBR and share price | PBR has remained below 1x for several years. PER has remained low, and investor recognition of the Company's medium- to long-term business strategy is limited. The Company aims to improve PBR through these initiatives. |
| Total investment plan | ¥10.0 billion–¥14.0 billion (investment cash flow over the next five years); approximately ¥10.0 billion will be invested in sustainable growth over the five-year period. |
| Plan assumptions | External factors include rising prices, labor shortages in the construction industry, implementation of the Act on the Optimization of Transactions, IT technologies and automation, and national resilience initiatives. Numerical assumptions are Not disclosed. |
| Key initiatives | Continue efforts to secure appropriate unit-price improvements, Allocate appropriate resources to areas of demand, Control the volume and prices of construction materials appropriately and pursue purchasing strategies, Expand the construction and processing businesses, Accelerate the selection and concentration of resources in growth products, Invest in equipment to improve factory productivity, Invest in IT and other areas to improve operational efficiency, Explore business development opportunities related to heavy temporary structures, Appropriate cash allocation based on financial soundness, Recruitment and Development, Improve employee and work engagement through the introduction of a new personnel system, Building a Sustainable Supply Chain, Contribute to the development of social infrastructure through safe and secure operations |
| Results under the previous plan | Fiscal 2026 (consolidated): revenue of ¥40.0 billion and ordinary profit of ¥2.0 billion → Fiscal 2025 results: revenue of ¥40.3 billion and ordinary profit of ¥2.6 billion（Revenue increased by 0.75% and ordinary profit increased by 30%） |
| Reason for revision or withdrawal | The Company maintained ordinary profit of ¥2.0 billion, the target level, from the first year of the previous plan. In addition, fiscal 2025 results of revenue of ¥40.3 billion and ordinary profit of ¥2.6 billion indicate that business structural reforms and improvements in the earnings base have been achieved to a certain extent. Accordingly, the previous plan was ended ahead of schedule, and from fiscal 2026 the Company is entering a phase of implementing its next initiatives. |
| Risks identified | Uncertainty regarding economic trends and other factors, Shortage of Workers in the Construction Industry, Inflation, Higher raw material costs, Implementation of the Act on the Optimization of Transactions |
| Date of board resolution | 14 May 2026 |
| Publication date | 14 May 2026 |
Items this document does not state (8)
Operating profit margin targetNet income targetROIC targetCost of capitalInvestment amount by sectorSegment targetNon-financial targetsSize of the Target Market
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.In addition to achieving the previous plan's quantitative targets ahead of schedule by the end of its second year, the Company formulated the new plan to advance its next growth initiatives in light of changes and uncertainties in the external environment, including rising prices, labor shortages in the construction industry, and the implementation of the Act on the Optimization of Transactions.
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