Results for this period
Interim period (second quarter)1 April 2026 to 30 September 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.
Revenue increased as large-scale construction projects progressed smoothly, while operating income declined due to the impact of low-margin projects and lower revenue from maintenance and operations in the environmental engineering business, and low-margin projects at Schwing Bioset, Inc. in the overseas business. The operations business reported higher profit, mainly as MetaWater Service Co., Ltd.'s results progressed smoothly.
No applicable matters.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥86,532 million (YoY +14.4%) |
| Operating profit | ¥771 million (YoY -31.2%) |
| Ordinary income | ¥436 million (YoY -62.9%) |
| Profit attributable to owners of the parent | ¥64 million (YoY -89.3%) |
| Net income per share | ¥1.47 |
| Equity ratio | End of the current fiscal period 41.9 / End of previous period 40.6 |
| Total assets | ¥214,385 million |
| Net assets | ¥94,806 million |
| Cash flows from operating activities | ¥32,535 million |
| Cash flows from investing activities | ¥-11,273 million |
| Cash flows from financing activities | ¥-1,406 million |
| Cash and cash equivalents at end of period | ¥46,757 million |
| Full-year earnings forecast | Net Sales ¥245,000 million (YoY +16.8%) / Operating profit ¥17,500 million (YoY +35.9%) / Ordinary income ¥17,300 million (YoY +31.3%) / Net income ¥12,000 million (YoY +31.3%) |
| Revision to Earnings Forecast | Net Sales ¥240,000 million → ¥245,000 million（+2.1%） / Operating profit ¥15,000 million → ¥17,500 million（+16.7%） / Ordinary income ¥14,500 million → ¥17,300 million（+19.3%） / Profit attributable to owners of the parent ¥10,000 million → ¥12,000 million（+20.0%） / Net income per share ¥229.04 → ¥274.69（+19.9%） |
| Annual Dividend Forecast | ¥70.00 → ¥90.00（+28.6%） |
| Segment revenue | Environmental Engineering business ¥23,776 million (YoY +23.3%), System Solutions Business ¥18,026 million (YoY +4.3%), Operations Business ¥13,605 million (YoY +8.9%), Overseas Business ¥31,124 million (YoY +17.0%) |
| Segment profit | Environmental Engineering business ¥-171 million, System Solutions Business ¥-1,851 million, Operations Business ¥1,059 million (YoY +110.9%), Overseas Business ¥1,734 million (YoY -38.3%) |
| Orders received and order backlog | Orders received ¥141,745 million / Order backlog ¥444,545 million |
| Depreciation and amortization | ¥1,903 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss System migration-related expenses ¥17 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 | 0 additions and 0 exclusions (no company names) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 44,258,500 shares |
| Treasury Shares at Period-End | 572,644 treasury shares |
| Factors Behind Changes in Business Performance | Revenue increased as large-scale construction projects progressed smoothly, while operating income declined due to the impact of low-margin projects and lower revenue from maintenance and operations in the environmental engineering business, and low-margin projects at Schwing Bioset, Inc. in the overseas business. The operations business reported higher profit, mainly as MetaWater Service Co., Ltd.'s results progressed smoothly. |
Items this document does not state (6)
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 remained strong, but profit declined in the environmental engineering and overseas businesses. In the environmental engineering business, low-margin projects and lower revenue from maintenance and operations weighed on operating income, while in the overseas business, low-margin projects at Schwing Bioset, Inc. weighed on operating income. The company explained that the full-year forecast was revised after taking into account interim results and the business environment. No reason was stated for the higher dividend forecast.