Worth reading
71In 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
800
¥ million (amount of upward revision to the full-year operating profit forecast)Wording
Definitive
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending March 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥57,095 million+4.0%
Operating profit¥4,190 million+12.3%
Ordinary income¥4,382 million+6.3%
Net income¥2,852 million+3.5%
Selling, general and administrative expenses¥9,223 1 million personnel expenses: ¥4,220 million; other SG&A expenses: ¥5,003 million
Full-year earnings forecast
Net Sales
¥118,000 million
Operating profit
¥9,200 million
Ordinary income
¥9,600 million
Profit attributable to owners of the parent
¥6,300 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。
Net Sales48.4%
Operating profit45.5%
Ordinary income45.6%
Net income for the current fiscal year45.3%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
All indicators exceeded the prior-year period and initial forecast, with steady progressBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Temporary steel materials3,009
Temporary construction-704
Steel structures and bridge fabrication-557
Construction machinery385
Consolidation adjustments, etc.42
Operating profit
Temporary steel materials1,017
Temporary construction-20
Steel structures and bridge fabrication-193
Other (SG&A, etc.)-412
Construction machinery64
Consolidation adjustments, etc.2
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company expects steady progress on properties, continued initiatives to improve profitability, an increase in steel utilization volume in the second half, and steady progress on large properties in the Tokyo metropolitan area during the second half.New initiatives
- Conversion of JS Tan Consultants Pte. Ltd. into a consolidated subsidiary
- Business alliance with JAPAN FOUNDATION ENGINEERING CO.,LTD.
- Launch of green steel sales and leasing
- Introduction of a Shareholder Benefit Program
- Identification and development of new strategic products in the construction machinery business
Key KPIsA metric the company considers important as a management benchmark.
- PBR0.83 xYear on year against the same period last year+0.2%
- Utilization rate of major rental machinery46 %Year on year against the same period last year+0.2%
- Steel materials utilization volumeYear on year against the same period last year+8.8%
- Second-half plan achievement rate for the heavy temporary works business85 %Year on year against the same period last year+1.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Steel utilization volume, rental rate index, and utilization rate of major rental machinery are presentedSegment results
Heavy Temporary Structures Business
Net Sales
¥50,707 million+3.6%
Ordinary income
¥4,403 million+3.7%
Construction Machinery Business
Net Sales
¥7,604 million+5.3%
Ordinary income
¥220 million+34.4%
Medium-term management plan targets
Target fiscal yearFY2027
Consolidated operating profit¥8.5 billion
Profit for the period¥6 billion
ROEAt least 8.0%
Debt-to-equity ratioApproximately 0.4x maximum
Financial targets
ROE
TargetAt least 8.0%
Debt-to-equity ratio
TargetApproximately 0.4x maximum
Actual results0.06x
Equity ratio
Actual results59.2%
Market Size / Share
Construction investment¥65.4 trillion in FY2026 (forecast)
Annual Dividend
Annual dividend per share75 Yen
Interim27 Yen
End of period48 Yen
Payout ratio
40.1% (forecast)| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥57,095 million (YoY +4.0%) |
| Operating profit | ¥4,190 million (YoY +12.3%) |
| Ordinary income | ¥4,382 million (YoY +6.3%) |
| Net income | ¥2,852 million (YoY +3.5%) |
| Selling, general and administrative expenses | ¥9,223 1 million (personnel expenses: ¥4,220 million; other SG&A expenses: ¥5,003 million) |
| Full-year earnings forecast | Net Sales ¥118,000 million / Operating profit ¥9,200 million / Ordinary income ¥9,600 million / Profit attributable to owners of the parent ¥6,300 million |
| Progress against full-year forecast | Net Sales 48.4% / Operating profit 45.5% / Ordinary income 45.6% / Net income for the current fiscal year 45.3% |
| Self-assessment against the plan | All indicators exceeded the prior-year period and initial forecast, with steady progress |
| Segment results | Heavy Temporary Structures Business Net Sales ¥50,707 million (YoY +3.6%) / Ordinary income ¥4,403 million (YoY +3.7%) / Construction Machinery Business Net Sales ¥7,604 million (YoY +5.3%) / Ordinary income ¥220 million (YoY +34.4%) |
| Breakdown of Factors Affecting the Change | Net Sales Temporary steel materials 3,009 / Temporary construction -704 / Steel structures and bridge fabrication -557 / Construction machinery 385 / Consolidation adjustments, etc. 42 / Operating profit Temporary steel materials 1,017 / Temporary construction -20 / Steel structures and bridge fabrication -193 / Other (SG&A, etc.) -412 / Construction machinery 64 / Consolidation adjustments, etc. 2 |
| Key KPIs | Indicator name PBR / Value 0.83 x / Year on year against the same period last year 0.15 x, Indicator name Utilization rate of major rental machinery / Value 46 % / Year on year against the same period last year 0.2 %, Indicator name Steel materials utilization volume / Value Not disclosed / Year on year against the same period last year 8.8 +8.8% year on year, Indicator name Second-half plan achievement rate for the heavy temporary works business / Value 85 % / Year on year against the same period last year 1 % |
| Unit price and quantity metrics | Steel utilization volume, rental rate index, and utilization rate of major rental machinery are presented |
| Assumptions Underlying the Business Outlook | The company expects steady progress on properties, continued initiatives to improve profitability, an increase in steel utilization volume in the second half, and steady progress on large properties in the Tokyo metropolitan area during the second half. |
| Medium-term management plan targets | Target fiscal year FY2027 / Consolidated operating profit ¥8.5 billion / Profit for the period ¥6 billion / ROE At least 8.0% / Debt-to-equity ratio Approximately 0.4x maximum |
| Financial targets | ROE Target At least 8.0% / Actual results Not disclosed / Debt-to-equity ratio Target Approximately 0.4x maximum / Actual results 0.06x / Equity ratio Target Not disclosed / Actual results 59.2% |
| Annual Dividend | Annual dividend per share 75 Yen / Interim 27 Yen / End of period 48 Yen |
| Payout ratio | 40.1% (forecast) |
| Market Size / Share | Construction investment ¥65.4 trillion in FY2026 (forecast) / Share Not disclosed |
| New initiatives | Conversion of JS Tan Consultants Pte. Ltd. into a consolidated subsidiary, Business alliance with JAPAN FOUNDATION ENGINEERING CO.,LTD., Launch of green steel sales and leasing, Introduction of a Shareholder Benefit Program, Identification and development of new strategic products in the construction machinery business |
Items this document does not state (10)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders 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.Revenue and profit increased due to steady progress on properties, initiatives to improve profitability, and the conversion of FUCHI into a consolidated subsidiary.
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.