FY2025 consolidated revenue at 50 major listed construction companies rose 5.0% year on year to ¥21.409782 trillion, marking an increase in revenue. Higher contract prices, driven by labor shortages and rising material and labor costs, as well as a recovery in government orders and increased private-sector investment, pushed up revenue.
FY2025 consolidated revenue at 50 major listed construction companies amounted to ¥21.409782 trillion, up 5.0% year on year. Factors behind the increase included higher contract prices reflecting constraints on construction capacity, a recovery in public works related to national resilience initiatives, and investment in private-sector urban development, logistics facilities, data centers and semiconductor-related plants.
The average gross profit margin was 13.5%, an improvement of 1.7 percentage points from the previous fiscal year. Margins rose at 44 companies and declined at 6. The largest increases were 5.1 percentage points at 大成建設 and 10.3 percentage points at JDC CORPORATION. Amid a severe shortage of personnel, companies increasingly passed higher costs on large projects through to customers.
Standalone orders received rose 11.7% year on year to ¥16.102637 trillion, increasing at 23 companies and declining at 14. Government construction orders received rose 6.5% year on year to ¥2.880929 trillion, while private-sector construction orders totaled ¥9.015215 trillion and showed particularly strong growth.
The figures confirm that price pass-through progressed against a backdrop of a supply-demand gap, resulting in simultaneous improvement in orders and profit margins. Amid a mix of government and private-sector areas of strength with high growth rates, インフロニア・ホールディングス rose 32.7%, ナカノフドー建設 24.9% and 植木組 24.8%. Declines were seen at 佐藤渡辺, 南海辰村建設 and JDC CORPORATION, among others.