Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-18
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥357.7bn2025-04-01 → 2026-03-31Cons.Net sales
Revenue¥346.7bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥312.7bn2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥282.5bn2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥263.9bn2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income¥17.9bn2025-04-01 → 2026-03-31Cons.Operating income
Operating income¥11.5bn2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income¥17.5bn2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income¥10.6bn2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥11.3bn2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥11.8bn2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥11.5bn2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥17.7bn2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥10.6bn2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)¥11.4bn2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥6.5bn2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥9.2bn2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥7.5bn2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥6.7bn2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥11.4bn2025-04-01 → 2026-03-31Cons.Profit loss
Net income¥6.5bn2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥314.7bnat 2026-03-31Cons.Assets
Total assets¥269.7bnat 2025-03-31Cons.Assets
Total assets¥245.1bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥234.0bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥236.7bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥167.8bnat 2026-03-31Cons.Liabilities
Total liabilities¥132.0bnat 2025-03-31Cons.Liabilities
Net assets / equity¥146.9bnat 2026-03-31Cons.Net assets
Net assets / equity¥137.8bnat 2025-03-31Cons.Net assets
Net assets / equity¥134.1bnat 2024-03-31vCons.Net assets
Net assets / equity¥127.8bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥121.5bnat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥33.9bnat 2026-03-31Cons.Cash and deposits
Cash and deposits¥35.7bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥33.9bnat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥35.7bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥26.8bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥36.0bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥67.4bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥16.9bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥5.1bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥10.5bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥6.3bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥2.5bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥3.6bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥1.7bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥2.1bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥5.4bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥6.5bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥18.8bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities
Financing cash flow¥5.5bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow¥3.2bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥19.6bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥1.2bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥328.182025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥185.322024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥263.252023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥216.382022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥193.222021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥4,218.07at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥3,954.94at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥3,849.26at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥3,668.25at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥3,487.6at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio46.7%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio51.1%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio54.7%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio54.6%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio51.3%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE8.0%2025-04-01 → 2026-03-31Cons.Rate of return on equity (5-year summary)
ROE4.7%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE7.0%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE6.0%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
ROE5.7%2021-04-01 → 2022-03-31vCons.Rate of return on equity (5-year summary)
Employees5,119at 2026-03-31Cons.Number of employees
Employees4,981at 2025-03-31Cons.Number of employees
Employees4,892at 2024-03-31vCons.Number of employees
Employees4,790at 2023-03-31vCons.Number of employees
Employees4,731at 2022-03-31vCons.Number of employees
Revenue¥5.7bn2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥6.5bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥6.7bn2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥5.0bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥5.5bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income¥1.7bn2025-04-01 → 2026-03-31StandaloneOperating income
Operating income¥3.0bn2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income¥1.7bn2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income¥2.9bn2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥3.7bn2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥2.0bn2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥3.3bn2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥1.5bn2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax¥2.9bn2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income¥1.5bn2025-04-01 → 2026-03-31StandaloneProfit loss
Net income¥2.9bn2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥3.1bn2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income¥1.2bn2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income¥3.3bn2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥127.8bnat 2026-03-31StandaloneAssets
Total assets¥119.9bnat 2025-03-31StandaloneAssets
Total assets¥107.5bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥104.6bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥65.9bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥98.0bnat 2026-03-31StandaloneLiabilities
Total liabilities¥88.6bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥29.8bnat 2026-03-31StandaloneNet assets
Net assets / equity¥31.3bnat 2025-03-31StandaloneNet assets
Net assets / equity¥31.7bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥31.1bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥32.2bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥9.1bnat 2026-03-31StandaloneCash and deposits
Cash and deposits¥17.0bnat 2025-03-31StandaloneCash and deposits
EPS (basic)¥43.282025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥84.282024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥89.422023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥35.712022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥95.892021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥1302025-04-01 → 2026-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥822024-04-01 → 2025-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥822023-04-01 → 2024-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥702022-04-01 → 2023-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥632021-04-01 → 2022-03-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥855.52at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥898.25at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥910at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥894.59at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥923.84at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio23.3%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio26.1%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio29.5%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio29.8%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio48.8%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE4.9%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE9.3%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE9.9%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE3.9%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE10.6%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued34,818,000at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued34,818,000at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued34,818,000at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued34,818,000at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued34,818,000at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees100at 2026-03-31StandaloneNumber of employees
Employees93at 2025-03-31StandaloneNumber of employees
Employees64at 2024-03-31vStandaloneNumber of employees
Employees51at 2023-03-31vStandaloneNumber of employees
Employees48at 2022-03-31vStandaloneNumber of employees

Periods use the dates stated in the filing. d = earlier-year period dated by calendar; v = that date confirmed by the company's own earlier filing.

Segments · 52
SegmentItemPeriodValue
Reconciling Itemsreconcilingdepreciation2025-04-01 → 2026-03-31¥322m
Reconciling Itemsreconcilingrevenue2025-04-01 → 2026-03-31−¥7.0bn
Reconciling Itemsreconcilingrevenue intersegment2025-04-01 → 2026-03-31−¥7.0bn
Reconciling Itemsreconcilingsegment profit2025-04-01 → 2026-03-31−¥7.2bn
Building Constructionreportable segmentdepreciation2025-04-01 → 2026-03-31¥449m
Building Constructionreportable segmentemployeesat 2026-03-312825 pure
Building Constructionreportable segmentrevenue2025-04-01 → 2026-03-31¥178.7bn
Building Constructionreportable segmentrevenue external2025-04-01 → 2026-03-31¥172.8bn
Building Constructionreportable segmentrevenue intersegment2025-04-01 → 2026-03-31¥5.8bn
Building Constructionreportable segmentsegment profit2025-04-01 → 2026-03-31¥12.5bn
Civil Engineeringreportable segmentdepreciation2025-04-01 → 2026-03-31¥766m
Civil Engineeringreportable segmentemployeesat 2026-03-311354 pure
Civil Engineeringreportable segmentrevenue2025-04-01 → 2026-03-31¥100.8bn
Civil Engineeringreportable segmentrevenue external2025-04-01 → 2026-03-31¥100.7bn
Civil Engineeringreportable segmentrevenue intersegment2025-04-01 → 2026-03-31¥33m
Civil Engineeringreportable segmentsegment profit2025-04-01 → 2026-03-31¥6.5bn
Real Estatereportable segmentdepreciation2025-04-01 → 2026-03-31¥748m
Real Estatereportable segmentemployeesat 2026-03-31631 pure
Real Estatereportable segmentrevenue2025-04-01 → 2026-03-31¥85.3bn
Real Estatereportable segmentrevenue external2025-04-01 → 2026-03-31¥84.1bn
Real Estatereportable segmentrevenue intersegment2025-04-01 → 2026-03-31¥1.2bn
Real Estatereportable segmentsegment profit2025-04-01 → 2026-03-31¥6.1bn
—segment totaldepreciation2025-04-01 → 2026-03-31¥2.0bn
—segment totalemployeesat 2026-03-314810 pure
—segment totalrevenue2025-04-01 → 2026-03-31¥364.7bn
—segment totalrevenue external2025-04-01 → 2026-03-31¥357.7bn
—segment totalrevenue intersegment2025-04-01 → 2026-03-31¥7.0bn
—segment totalsegment profit2025-04-01 → 2026-03-31¥25.1bn
Reconciling Itemsreconcilingdepreciation2024-04-01 → 2025-03-31¥249m
Reconciling Itemsreconcilingrevenue2024-04-01 → 2025-03-31−¥2.6bn
Reconciling Itemsreconcilingrevenue intersegment2024-04-01 → 2025-03-31−¥2.6bn
Reconciling Itemsreconcilingsegment profit2024-04-01 → 2025-03-31−¥5.4bn
Building Constructionreportable segmentdepreciation2024-04-01 → 2025-03-31¥378m
Building Constructionreportable segmentrevenue2024-04-01 → 2025-03-31¥164.4bn
Building Constructionreportable segmentrevenue external2024-04-01 → 2025-03-31¥163.0bn
Building Constructionreportable segmentrevenue intersegment2024-04-01 → 2025-03-31¥1.4bn
Building Constructionreportable segmentsegment profit2024-04-01 → 2025-03-31¥3.8bn
Civil Engineeringreportable segmentdepreciation2024-04-01 → 2025-03-31¥693m
Civil Engineeringreportable segmentrevenue2024-04-01 → 2025-03-31¥101.4bn
Civil Engineeringreportable segmentrevenue external2024-04-01 → 2025-03-31¥101.4bn
Civil Engineeringreportable segmentrevenue intersegment2024-04-01 → 2025-03-31¥31m
Civil Engineeringreportable segmentsegment profit2024-04-01 → 2025-03-31¥5.9bn
Real Estatereportable segmentdepreciation2024-04-01 → 2025-03-31¥729m
Real Estatereportable segmentrevenue2024-04-01 → 2025-03-31¥83.4bn
Real Estatereportable segmentrevenue external2024-04-01 → 2025-03-31¥82.2bn
Real Estatereportable segmentrevenue intersegment2024-04-01 → 2025-03-31¥1.2bn
Real Estatereportable segmentsegment profit2024-04-01 → 2025-03-31¥7.2bn
—segment totaldepreciation2024-04-01 → 2025-03-31¥1.8bn
—segment totalrevenue2024-04-01 → 2025-03-31¥349.3bn
—segment totalrevenue external2024-04-01 → 2025-03-31¥346.7bn
—segment totalrevenue intersegment2024-04-01 → 2025-03-31¥2.6bn
—segment totalsegment profit2024-04-01 → 2025-03-31¥16.8bn

Segment names come from EDINET member IDs; not yet mapped to a common taxonomy.

All source rows · 1,629
ItemContextValueUnit
Valuation difference on available for sale securitiesPrior1YearInstant115000000JPY
Valuation difference on available for sale securitiesCurrentYearInstant227000000JPY
Revaluation reserve for landPrior1YearInstant-1248000000JPY
Revaluation reserve for landCurrentYearInstant-1248000000JPY
Foreign currency translation adjustmentPrior1YearInstant1864000000JPY
Foreign currency translation adjustmentCurrentYearInstant1616000000JPY
Remeasurements of defined benefit plansPrior1YearInstant244000000JPY
Remeasurements of defined benefit plansCurrentYearInstant1110000000JPY
Valuation and translation adjustmentsPrior1YearInstant975000000JPY
Valuation and translation adjustmentsCurrentYearInstant1704000000JPY
Non controlling interestsPrior1YearInstant51000000JPY
Non controlling interestsCurrentYearInstant59000000JPY
Net assetsPrior1YearInstant137756000000JPY
Net assetsCurrentYearInstant146926000000JPY
Liabilities and net assetsPrior1YearInstant269725000000JPY
Liabilities and net assetsCurrentYearInstant314734000000JPY
Net sales of completed construction contracts cnsPrior1YearDuration264444000000JPY
Net sales of completed construction contracts cnsCurrentYearDuration273575000000JPY
Sales on real estate business rev oaPrior1YearDuration82241000000JPY
Sales on real estate business rev oaCurrentYearDuration84100000000JPY
Net salesPrior1YearDuration346685000000JPY
Net salesCurrentYearDuration357675000000JPY
Cost of sales of completed construction contracts cnsPrior1YearDuration231645000000JPY
Cost of sales of completed construction contracts cnsCurrentYearDuration230010000000JPY
Cost of sales on real estate business cos exp oaPrior1YearDuration70413000000JPY
Cost of sales on real estate business cos exp oaCurrentYearDuration72468000000JPY
Cost of salesPrior1YearDuration302059000000JPY
Cost of salesCurrentYearDuration302478000000JPY
Gross profit on completed construction contracts cnsPrior1YearDuration32798000000JPY
Gross profit on completed construction contracts cnsCurrentYearDuration43564000000JPY
Gross profit real estate business gpPrior1YearDuration11827000000JPY
Gross profit real estate business gpCurrentYearDuration11632000000JPY
Gross profitPrior1YearDuration44626000000JPY
Gross profitCurrentYearDuration55196000000JPY
Selling general and administrative expensesPrior1YearDuration33165000000JPY
Selling general and administrative expensesCurrentYearDuration37299000000JPY
Operating incomePrior1YearDuration11460000000JPY
Operating incomeCurrentYearDuration17897000000JPY
Interest income noiPrior1YearDuration0JPY
Interest income noiCurrentYearDuration27000000JPY
Dividends income noiPrior1YearDuration56000000JPY
Dividends income noiCurrentYearDuration162000000JPY
Foreign exchange gains noiPrior1YearDuration-JPY
Foreign exchange gains noiCurrentYearDuration143000000JPY
Rent income noiPrior1YearDuration88000000JPY
Rent income noiCurrentYearDuration84000000JPY
Other noiPrior1YearDuration107000000JPY
Other noiCurrentYearDuration171000000JPY
Non operating incomePrior1YearDuration253000000JPY
Non operating incomeCurrentYearDuration590000000JPY

Every row of the EDINET CSV. Item names are the XBRL element names; filed text is kept in its original Japanese. Filed text is available on Plus and Pro.

Data checks · 24 of 24 passed
balance sheet identityconsolidated 2025-03-31pass rounding
balance sheet identityconsolidated 2026-03-31pass
balance sheet identitynon_consolidated 2025-03-31pass rounding
balance sheet identitynon_consolidated 2026-03-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-03-31pass
statement vs summary · net assetsconsolidated 2025-03-31pass
statement vs summary · net assetsconsolidated 2026-03-31pass
statement vs summary · net assetsnon_consolidated 2024-03-31pass
statement vs summary · net assetsnon_consolidated 2025-03-31pass
statement vs summary · net assetsnon_consolidated 2026-03-31pass
statement vs summary · net income attributable to parentconsolidated 2024-04-01/2025-03-31pass
statement vs summary · net income attributable to parentconsolidated 2025-04-01/2026-03-31pass
statement vs summary · operating cash flowconsolidated 2024-04-01/2025-03-31pass
statement vs summary · operating cash flowconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenueconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenueconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenuenon_consolidated 2024-04-01/2025-03-31pass
statement vs summary · revenuenon_consolidated 2025-04-01/2026-03-31pass
statement vs summary · total assetsconsolidated 2025-03-31pass
statement vs summary · total assetsconsolidated 2026-03-31pass
statement vs summary · total assetsnon_consolidated 2025-03-31pass
statement vs summary · total assetsnon_consolidated 2026-03-31pass