Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-25
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥138.4bn2025-04-01 → 2026-03-31Cons.Net sales
Revenue¥131.7bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥133.5bn2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥113.7bn2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥107.1bn2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income¥20.4bn2025-04-01 → 2026-03-31Cons.Operating income
Operating income¥18.3bn2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income¥20.8bn2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income¥18.4bn2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥17.7bn2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥17.2bn2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥15.6bn2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥20.8bn2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥18.4bn2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)¥15.2bn2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥12.8bn2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥12.3bn2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥12.0bn2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥10.8bn2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥15.2bn2025-04-01 → 2026-03-31Cons.Profit loss
Net income¥12.8bn2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥185.3bnat 2026-03-31Cons.Assets
Total assets¥173.0bnat 2025-03-31Cons.Assets
Total assets¥168.2bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥156.0bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥140.2bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥50.7bnat 2026-03-31Cons.Liabilities
Total liabilities¥50.6bnat 2025-03-31Cons.Liabilities
Net assets / equity¥134.5bnat 2026-03-31Cons.Net assets
Net assets / equity¥122.3bnat 2025-03-31Cons.Net assets
Net assets / equity¥113.1bnat 2024-03-31vCons.Net assets
Net assets / equity¥102.4bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥91.6bnat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥95.8bnat 2026-03-31Cons.Cash and deposits
Cash and deposits¥82.7bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥54.8bnat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥48.7bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥84.2bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥74.6bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥65.2bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥17.2bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥2.7bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥11.7bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥10.6bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥3.8bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥7.6bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥34.4bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥247m2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥123m2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥123m2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥3.5bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥3.7bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥1.9bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥1.3bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥1.1bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥260.32025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥219.132024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥210.062023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥205.492022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥184.682021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥2,300.37at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥2,091.19at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,933.6at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,751.22at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,567.12at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio72.6%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio70.7%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio67.3%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio65.6%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio65.4%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE11.9%2025-04-01 → 2026-03-31Cons.Rate of return on equity (5-year summary)
ROE10.9%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE11.4%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE12.4%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
ROE12.4%2021-04-01 → 2022-03-31vCons.Rate of return on equity (5-year summary)
Employees689at 2026-03-31Cons.Number of employees
Employees660at 2025-03-31Cons.Number of employees
Employees627at 2024-03-31vCons.Number of employees
Employees614at 2023-03-31vCons.Number of employees
Employees593at 2022-03-31vCons.Number of employees
Revenue¥121.7bn2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥117.3bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥122.7bn2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥102.8bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥95.5bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income¥17.2bn2025-04-01 → 2026-03-31StandaloneOperating income
Operating income¥17.1bn2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income¥18.0bn2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income¥17.6bn2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥16.9bn2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥16.8bn2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥15.3bn2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥18.0bn2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax¥17.6bn2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income¥13.3bn2025-04-01 → 2026-03-31StandaloneProfit loss
Net income¥12.4bn2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥11.9bn2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income¥11.9bn2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income¥10.8bn2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥173.1bnat 2026-03-31StandaloneAssets
Total assets¥161.8bnat 2025-03-31StandaloneAssets
Total assets¥159.1bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥147.4bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥131.8bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥45.9bnat 2026-03-31StandaloneLiabilities
Total liabilities¥44.9bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥127.2bnat 2026-03-31StandaloneNet assets
Net assets / equity¥117.0bnat 2025-03-31StandaloneNet assets
Net assets / equity¥108.2bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥97.9bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥87.3bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥86.2bnat 2026-03-31StandaloneCash and deposits
Cash and deposits¥76.7bnat 2025-03-31StandaloneCash and deposits
EPS (basic)¥227.882025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥212.262024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥203.332023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥202.822022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥184.042021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥672025-04-01 → 2026-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥562024-04-01 → 2025-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥532023-04-01 → 2024-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥272022-04-01 → 2023-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥212021-04-01 → 2022-03-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥2,174.9at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,999.7at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,850.13at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,674.45at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,492.62at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio73.5%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio72.3%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio68.0%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio66.4%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio66.2%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE10.9%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE11.0%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE11.5%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE12.8%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE13.1%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued61,360,720at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued61,360,720at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued61,360,720at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued61,360,720at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued61,360,720at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees539at 2026-03-31StandaloneNumber of employees
Employees519at 2025-03-31StandaloneNumber of employees
Employees485at 2024-03-31vStandaloneNumber of employees
Employees471at 2023-03-31vStandaloneNumber of employees
Employees441at 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 · 56
SegmentItemPeriodValue
Reconciling Itemsreconcilingcapex2025-04-01 → 2026-03-31¥50m
Reconciling Itemsreconcilingdepreciation2025-04-01 → 2026-03-31¥38m
Reconciling Itemsreconcilingrevenue2025-04-01 → 2026-03-31−¥52m
Reconciling Itemsreconcilingrevenue intersegment2025-04-01 → 2026-03-31−¥52m
Reconciling Itemsreconcilingsegment assetsat 2026-03-31¥55.6bn
Reconciling Itemsreconcilingsegment profit2025-04-01 → 2026-03-31−¥1.0bn
Constructionreportable segmentcapex2025-04-01 → 2026-03-31¥181m
Constructionreportable segmentdepreciation2025-04-01 → 2026-03-31¥261m
Constructionreportable segmentemployeesat 2026-03-31562 pure
Constructionreportable segmentrevenue2025-04-01 → 2026-03-31¥83.7bn
Constructionreportable segmentrevenue external2025-04-01 → 2026-03-31¥83.6bn
Constructionreportable segmentrevenue intersegment2025-04-01 → 2026-03-31¥52m
Constructionreportable segmentsegment assetsat 2026-03-31¥27.0bn
Constructionreportable segmentsegment profit2025-04-01 → 2026-03-31¥7.9bn
Developmentreportable segmentcapex2025-04-01 → 2026-03-31¥163m
Developmentreportable segmentdepreciation2025-04-01 → 2026-03-31¥183m
Developmentreportable segmentemployeesat 2026-03-31100 pure
Developmentreportable segmentrevenue2025-04-01 → 2026-03-31¥54.8bn
Developmentreportable segmentrevenue external2025-04-01 → 2026-03-31¥54.8bn
Developmentreportable segmentsegment assetsat 2026-03-31¥102.7bn
Developmentreportable segmentsegment profit2025-04-01 → 2026-03-31¥13.6bn
—segment totalcapex2025-04-01 → 2026-03-31¥344m
—segment totaldepreciation2025-04-01 → 2026-03-31¥445m
—segment totalrevenue2025-04-01 → 2026-03-31¥138.5bn
—segment totalrevenue external2025-04-01 → 2026-03-31¥138.4bn
—segment totalrevenue intersegment2025-04-01 → 2026-03-31¥52m
—segment totalsegment assetsat 2026-03-31¥129.7bn
—segment totalsegment profit2025-04-01 → 2026-03-31¥21.5bn
Reconciling Itemsreconcilingcapex2024-04-01 → 2025-03-31¥52m
Reconciling Itemsreconcilingdepreciation2024-04-01 → 2025-03-31¥35m
Reconciling Itemsreconcilingrevenue2024-04-01 → 2025-03-31−¥104m
Reconciling Itemsreconcilingrevenue intersegment2024-04-01 → 2025-03-31−¥104m
Reconciling Itemsreconcilingsegment assetsat 2025-03-31¥48.3bn
Reconciling Itemsreconcilingsegment profit2024-04-01 → 2025-03-31−¥1.0bn
Constructionreportable segmentcapex2024-04-01 → 2025-03-31¥413m
Constructionreportable segmentdepreciation2024-04-01 → 2025-03-31¥191m
Constructionreportable segmentrevenue2024-04-01 → 2025-03-31¥73.4bn
Constructionreportable segmentrevenue external2024-04-01 → 2025-03-31¥73.3bn
Constructionreportable segmentrevenue intersegment2024-04-01 → 2025-03-31¥104m
Constructionreportable segmentsegment assetsat 2025-03-31¥32.7bn
Constructionreportable segmentsegment profit2024-04-01 → 2025-03-31¥5.1bn
Developmentreportable segmentcapex2024-04-01 → 2025-03-31¥73m
Developmentreportable segmentdepreciation2024-04-01 → 2025-03-31¥158m
Developmentreportable segmentrevenue2024-04-01 → 2025-03-31¥58.4bn
Developmentreportable segmentrevenue external2024-04-01 → 2025-03-31¥58.4bn
Developmentreportable segmentsegment assetsat 2025-03-31¥91.9bn
Developmentreportable segmentsegment profit2024-04-01 → 2025-03-31¥14.2bn
—segment totalcapex2024-04-01 → 2025-03-31¥486m
—segment totaldepreciation2024-04-01 → 2025-03-31¥350m
—segment totalrevenue2024-04-01 → 2025-03-31¥131.8bn
—segment totalrevenue external2024-04-01 → 2025-03-31¥131.7bn
—segment totalrevenue intersegment2024-04-01 → 2025-03-31¥104m
—segment totalsegment assetsat 2025-03-31¥124.6bn
—segment totalsegment profit2024-04-01 → 2025-03-31¥19.3bn
Constructionreportable segmentemployeesat 2026-03-31447 pure
Developmentreportable segmentemployeesat 2026-03-3172 pure

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

All source rows · 1,446
ItemContextValueUnit
Remeasurements of defined benefit plansCurrentYearInstant134000000JPY
Valuation and translation adjustmentsPrior1YearInstant595000000JPY
Valuation and translation adjustmentsCurrentYearInstant1115000000JPY
Net assetsPrior1YearInstant122313000000JPY
Net assetsCurrentYearInstant134547000000JPY
Liabilities and net assetsPrior1YearInstant172954000000JPY
Liabilities and net assetsCurrentYearInstant185296000000JPY
Net sales of completed construction contracts cnsPrior1YearDuration73266000000JPY
Net sales of completed construction contracts cnsCurrentYearDuration83620000000JPY
Net sales of development business and other cnsPrior1YearDuration58395000000JPY
Net sales of development business and other cnsCurrentYearDuration54807000000JPY
Net salesPrior1YearDuration131662000000JPY
Net salesCurrentYearDuration138428000000JPY
Cost of sales of completed construction contracts cnsPrior1YearDuration66376000000JPY
Cost of sales of completed construction contracts cnsCurrentYearDuration73716000000JPY
Cost of sales on development business and other cnsPrior1YearDuration41735000000JPY
Cost of sales on development business and other cnsCurrentYearDuration39095000000JPY
Cost of salesPrior1YearDuration108112000000JPY
Cost of salesCurrentYearDuration112812000000JPY
Gross profit on completed construction contracts cnsPrior1YearDuration6890000000JPY
Gross profit on completed construction contracts cnsCurrentYearDuration9904000000JPY
Gross profit on development business and other cnsPrior1YearDuration16659000000JPY
Gross profit on development business and other cnsCurrentYearDuration15711000000JPY
Gross profitPrior1YearDuration23550000000JPY
Gross profitCurrentYearDuration25616000000JPY
Selling general and administrative expensesPrior1YearDuration5239000000JPY
Selling general and administrative expensesCurrentYearDuration5210000000JPY
Operating incomePrior1YearDuration18310000000JPY
Operating incomeCurrentYearDuration20405000000JPY
Interest income noiPrior1YearDuration26000000JPY
Interest income noiCurrentYearDuration310000000JPY
Dividends income noiPrior1YearDuration30000000JPY
Dividends income noiCurrentYearDuration39000000JPY
Other noiPrior1YearDuration10000000JPY
Other noiCurrentYearDuration18000000JPY
Non operating incomePrior1YearDuration68000000JPY
Non operating incomeCurrentYearDuration368000000JPY
Commission fee noePrior1YearDuration8000000JPY
Commission fee noeCurrentYearDuration1000000JPY
Other noePrior1YearDuration0JPY
Other noeCurrentYearDuration0JPY
Non operating expensesPrior1YearDuration9000000JPY
Non operating expensesCurrentYearDuration2000000JPY
Ordinary incomePrior1YearDuration18369000000JPY
Ordinary incomeCurrentYearDuration20771000000JPY
Income before income taxesPrior1YearDuration18369000000JPY
Income before income taxesCurrentYearDuration20771000000JPY
Income taxes currentPrior1YearDuration5629000000JPY
Income taxes currentCurrentYearDuration5675000000JPY
Income taxes deferredPrior1YearDuration-76000000JPY

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
balance sheet identityconsolidated 2026-03-31pass rounding
balance sheet identitynon_consolidated 2025-03-31pass rounding
balance sheet identitynon_consolidated 2026-03-31pass rounding
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