Komori
Financial results presentation9991GECOSS CORPORATIONTrading & Wholesale

Financial Results Briefing for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, revenue increased, while operating profit and net income rose significantly due to progress on projects and improved profitability, both reaching record highs. For the fiscal year ending March 2027, operating profit is expected to increase, while net income is forecast to decline due to lower extraordinary gains.

Worth reading
75Important
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
1161
Millions of yen (year-on-year increase in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFiscal year ending March 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥115,680 million+3.7%
Operating profit¥8,012 million+16.9%
Ordinary income¥8,709 million+28.2%
Net income¥5,853 million+28.8%
Selling, general and administrative expensesPersonnel expenses 8,523; other SG&A expenses 9,928
Results for the three months of the current quarterFirst quarter of the fiscal year ending March 2026: revenue ¥28.6 billion, ordinary profit ¥1.90 billion (as shown in the graph)
Full-year earnings forecast
Net Sales
¥115,000 million
Operating profit
¥8,400 million
Ordinary income
¥8,600 million
Net income
¥5,700 million
Heavy Temporary Structures Business revenue
¥103,000 million
Construction Machinery Business revenue
¥14,800 million
Heavy Temporary Structures Business ordinary profit
¥8,200 million
Construction Machinery Business ordinary profit
¥450 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。not disclosed (no progress rate against the full-year earnings forecast was provided; progress rates for cash allocation were 14% for growth investment, 32% for regular investment and 39% for shareholder returns)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
All indicators are progressing steadily; regular investment is in line with plan; shareholder returns are ahead of the initial plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Temporary steel materials-25
Temporary construction4,502
Steel structures and bridge fabrication-634
Construction machinery183
Consolidation adjustments, etc.104
Operating profit
Temporary steel materials1,964
Temporary construction909
Steel structures and bridge fabrication133
Other (SG&A, etc.)-1,908
Construction machinery68
Consolidation adjustments, etc.-5
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Nominal construction investment in fiscal 2026¥63 trillion
    Year on year+3.7%
  • Uncompleted construction work as of January–December 2025¥2.7 trillion
    Comparison+¥3.9 trillion versus 2021
  • Floor area of private non-residential construction starts (January–December 2025)-5.7 %
    ComparisonYear on year
  • Construction cost deflator (December 2025)133.2 Index
    Year on year+3.0%
New initiatives
  • Expanding sales of strategic products in the Construction Machinery Business through collaboration with Mizuho Leasing
  • Introduction of a shareholder benefit program (record date: end-March 2027; available to shareholders holding at least 1 trading unit)
  • Transition to a company with an audit and supervisory committee and establishment of voluntary nomination and remuneration committees
  • Commencement of production, sales and leasing of green steel materials
  • Consideration of constructing new buildings, installing production lines and implementing labor-saving measures to expand the capacity of core plants
Key KPIsA metric the company considers important as a management benchmark.
  • ROE8.5 %+1.5%
  • PBR0.82 times
  • Utilization rate of major rental machinery47 %+1.0%
  • Steel materials utilization volume383 Reference price-2.8%
  • Rental rate index (steel sheet piles)108 Index
  • Rental rate index (steel plates)103 Index
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Steel materials utilization volume: down 2.8% year on year; rental rate index: 108 for steel sheet piles (+8% versus the fiscal year ended March 2025) and 103 for steel plates (+3% versus the same period)
Segment results
  • Heavy Temporary Structures Business
    Net Sales¥103,643 million (YoY +3.9%)
    Ordinary income¥8,604 million (YoY +29.8%)
  • Construction Equipment Business
    Net Sales¥14,765 million (YoY +1.3%)
    Ordinary income¥391 million (YoY +20.2%)
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2028 (fiscal 2027)
Operating profit
¥85 100 million
Profit for the period
¥60 100 million
ROE
8 % or higher
Debt-to-equity ratio
0.4 times or lower
Payout ratio
40 Approximately %
DOE
2.5 % or higher
Comparison with actual resultsFiscal year ended March 2026 results: operating profit ¥8.01 billion, net income ¥5.85 billion, ROE 8.5%, D/E ratio 0.05 times
Financial targets
ROE
Actual results8.5 %
Target8 %
Debt-to-equity ratio
Actual results0.05 times or lower
Target0.4 times or lower
Equity ratio
Actual results58.2 %
Market Size / Share
Nominal construction investment
¥63 trillion fiscal 2026 outlook
National Resilience Plan
20 over ¥1 trillion
Capital expenditures
¥25.8 100 million fiscal 2025 regular investment actual
Annual Dividend
Fiscal year ending March 2026
Annual¥69 per share
Interim¥25 per share
End of period¥44 per share
Forecast for the fiscal year ending March 2027
Annual¥69 per share
Interim¥25 per share
End of period¥44 per share
Payout ratio
Fiscal year ending March 202639.7 %
Forecast for the fiscal year ending March 202740.7 %
Policyapproximately 40%
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFiscal year ending March 2026
Net Sales¥115,680 million (YoY +3.7%)
Operating profit¥8,012 million (YoY +16.9%)
Ordinary income¥8,709 million (YoY +28.2%)
Net income¥5,853 million (YoY +28.8%)
Selling, general and administrative expensesPersonnel expenses 8,523; other SG&A expenses 9,928
Results for the three months of the current quarterFirst quarter of the fiscal year ending March 2026: revenue ¥28.6 billion, ordinary profit ¥1.90 billion (as shown in the graph)
Full-year earnings forecastNet Sales ¥115,000 million / Operating profit ¥8,400 million / Ordinary income ¥8,600 million / Net income ¥5,700 million / Heavy Temporary Structures Business revenue ¥103,000 million / Construction Machinery Business revenue ¥14,800 million / Heavy Temporary Structures Business ordinary profit ¥8,200 million / Construction Machinery Business ordinary profit ¥450 million
Progress against full-year forecastnot disclosed (no progress rate against the full-year earnings forecast was provided; progress rates for cash allocation were 14% for growth investment, 32% for regular investment and 39% for shareholder returns)
Self-assessment against the planAll indicators are progressing steadily; regular investment is in line with plan; shareholder returns are ahead of the initial plan
Segment resultsSegment Heavy Temporary Structures Business / Net Sales ¥103,643 million (YoY +3.9%) / Ordinary income ¥8,604 million (YoY +29.8%), Segment Construction Equipment Business / Net Sales ¥14,765 million (YoY +1.3%) / Ordinary income ¥391 million (YoY +20.2%)
Breakdown of Factors Affecting the ChangeNet Sales Temporary steel materials -25 / Temporary construction 4,502 / Steel structures and bridge fabrication -634 / Construction machinery 183 / Consolidation adjustments, etc. 104 / Operating profit Temporary steel materials 1,964 / Temporary construction 909 / Steel structures and bridge fabrication 133 / Other (SG&A, etc.) -1,908 / Construction machinery 68 / Consolidation adjustments, etc. -5
Key KPIs8.5 % (YoY +1.5%), 0.82 times, 47 % (YoY +1.0%), 383 Reference price (YoY -2.8%), 108 Index, 103 Index
Unit price and quantity metricsSteel materials utilization volume: down 2.8% year on year; rental rate index: 108 for steel sheet piles (+8% versus the fiscal year ended March 2025) and 103 for steel plates (+3% versus the same period)
Assumptions Underlying the Business OutlookNominal construction investment in fiscal 2026 ¥63 trillion, Uncompleted construction work as of January–December 2025 ¥2.7 trillion, Floor area of private non-residential construction starts (January–December 2025) -5.7 %, Construction cost deflator (December 2025) 133.2 Index
Medium-term management plan targetsTarget fiscal year Fiscal year ending March 2028 (fiscal 2027) / Operating profit ¥85 100 million / Profit for the period ¥60 100 million / ROE 8 % or higher / Debt-to-equity ratio 0.4 times or lower / Payout ratio 40 Approximately % / DOE 2.5 % or higher / Comparison with actual results Fiscal year ended March 2026 results: operating profit ¥8.01 billion, net income ¥5.85 billion, ROE 8.5%, D/E ratio 0.05 times
Financial targetsROE Actual results 8.5 % / Target 8 % / Debt-to-equity ratio Actual results 0.05 times or lower / Target 0.4 times or lower / Equity ratio Actual results 58.2 %
Annual DividendFiscal year ending March 2026 Annual ¥69 per share / Interim ¥25 per share / End of period ¥44 per share / Forecast for the fiscal year ending March 2027 Annual ¥69 per share / Interim ¥25 per share / End of period ¥44 per share
Payout ratioFiscal year ending March 2026 39.7 % / Forecast for the fiscal year ending March 2027 40.7 % / Policy approximately 40%
Capital expenditures¥25.8 100 million (fiscal 2025 regular investment actual)
Market Size / ShareNominal construction investment ¥63 trillion (fiscal 2026 outlook) / National Resilience Plan 20 over ¥1 trillion / Market share Not disclosed
New initiativesExpanding sales of strategic products in the Construction Machinery Business through collaboration with Mizuho Leasing, Introduction of a shareholder benefit program (record date: end-March 2027; available to shareholders holding at least 1 trading unit), Transition to a company with an audit and supervisory committee and establishment of voluntary nomination and remuneration committees, Commencement of production, sales and leasing of green steel materials, Consideration of constructing new buildings, installing production lines and implementing labor-saving measures to expand the capacity of core plants
Items this document does not state (8)
Gross Profit MarginOperating profit marginNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesOrders received and order backlogKey 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 increase in operating profit was attributed to steady progress on projects and progress in initiatives to improve profitability. The decline in net income forecast for the fiscal year ending March 2027 is attributed to lower non-recurring extraordinary gains, including gains from the sale of cross-shareholdings.

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