Nishimatsu Construction Co., Ltd. · TSE:1820

Nishimatsu Construction — FY2024 Earnings Presentation

42 slides from Nishimatsu Construction's earnings presentation, May 12, 2025

  1. Slide 1: Financial Results Presentation Material (Fact Book)

    Financial Results Presentation Material (Fact Book) Fiscal Year Ended March 31, 2025 May 12, 2025 Forecasts and other forward-looking statements contained in this document are based on information available as of the publication date of this document, and actual results may differ due to various fac

  2. Slide 2: Introduction—Progress of the Medium-Term Management Plan 2025

    Introduction—Progress of the Medium-Term Management Plan 2025 In FY2024, as the second year of the Medium-Term Management Plan 2025, although we faced the effects of continued high construction material prices and issues such as a shortage in equipment installation companies, the revenue improvement

  3. Slide 3: Contents

    Contents Financial Highlights of Fiscal Year Ended March 31, 2025 Page • Consolidated Statements of Income 1 • Construction Orders Received 2 • Consolidated Balance Sheets 4 • Overview of Operating Results by Business Segment 5 • Progress of the Investment Plan 10 • Progress of the Financial Plan 11

  4. Slide 4: Consolidated Statements of Income

    Consolidated Statements of Income｜ Financial Highlights of Fiscal Year Ended March 31, 2025  Consolidated Results (Unit: 100 Million Yen) Previous Results Compared with FY2024 FY2026 forecast fiscal year Increase Forecast at Increase Increase Increase (FY2024) (FY2025) /decrease beginning of /decre

  5. Slide 5: Construction Orders Received

    Construction Orders Received｜ Financial Highlights of Fiscal Year Ended March 31, 2025  Orders Received (Unit: 100 Million Yen) Previous Results Compared with FY2024 FY2026 forecast fiscal year Increase Forecast at Increase Increase Increase (FY2024) (FY2025) /decrease beginning of /decrease /decre

  6. Slide 6: Major Construction Orders Received

    Construction Orders Received｜ Financial Highlights of Fiscal Year Ended March 31, 2025  Major Construction Orders Received Type of Projects’ Segment Name of Project Client Work Location Domestic Kanto Regional Development Bureau, civil Road Yokohama Shonan Road Tunnel Construction Work Ministry of

  7. Slide 7: Consolidated Balance Sheets

    Consolidated Balance Sheets｜ Financial Highlights of Fiscal Year Ended March 31, 2025  Consolidated Financial Position (Unit: 100 Million Yen) Previous fiscal year Current fiscal year Increase/decrease from FY2024 FY2025 end of FY2024 Increase/ Increase/ Composition Composition Amount Amount decrea

  8. Slide 8: Domestic Civil Engineering Business

    Domestic Civil Engineering Business｜ Overview of Operating Results by Business Segment (Unit: 100 Million Yen)  Results (non-consolidated) Orders received Net sales Gross profit / margin Orders carried forward 1,895 16.1% 2,942 300 14.1% 13.5% 2,492 1,071 1,150 250 14.0% 2,118 1,053 1,191 200 1

  9. Slide 9: Domestic Building Business

    Domestic Building Business｜ Overview of Operating Results by Business Segment (Unit: 100 Million Yen)  Results (non-consolidated) Orders received Net sales Gross profit / margin Orders carried forward 2,215 2,300 2,357 10.0% 3,199 2,053 2,200300 8.7% 12.0% 1,910 250 4.3% 220 7.0% 3,099 200 165

  10. Slide 10: International Business

    International Business｜ Overview of Operating Results by Business Segment  Results (consolidated) (Unit: 100 Million Yen) Orders received Net sales Gross profit / margin 1,700 5.8% 5.9% 510 40 4.6% 6.0% 35 30 4.0% 383 30 308 25 2.0% 18 17 20 0.0% 15 -2.0% 350 10 198 -4.0% 5 0 -6.0% FY2024 FY2025

  11. Slide 11: Asset Value-Added Business

    ｜ Overview of Operating Results by Business Segment  Results (consolidated) Gross profit / margin Net sales (Unit: 100 Million Yen) Upper : Sales Business Lower : Leasing Business, etc. 322 41.2% 38.6% 283 268 27.5% 185 117 155 132 103 88 66 51 47 128 136 137 51 51 41 FY2024 FY2025 FY2026 FY2024

  12. Slide 12: Regional Environmental Solution Business

    Regional Environmental Solution Business｜ Overview of Operating Results by Business Segment (Unit: 100 Million Yen)  Results (consolidated) Net sales Gross profit / margin 7.5 5.0 30.0% 19.2% 25.0% 4.0 13.2% 20.0% 5.3 3.0 9.4% 15.0% 10.0% 2.1 2.0 1.4 5.0% 1.0 0.7 0.0% 0.2 -5.0% 0.0 -10.0% FY2024

  13. Slide 13: Progress of the Investment Plan

    Progress of the Investment Plan  Medium-Term Management Plan (MTMP) 2025: Progress of Investment and Recovery (Net Investment) Investment Categories and FY2023 and FY2024 Investment Results Expected Investment Targets for Expected Effects from Investment Investment Targets and Amounts Investment Ef

  14. Slide 14: Progress of the Financial Plan

    Progress of the Financial Plan  Financial Indicator (consolidated) Results FY2024 FY2025 FY2030 FY2022 FY2023 Results Capital efficiency ROE 6.4% 7.8% 10.3% 10% 10% or higher Capital to assets ratio 29.0% 29.1% 29.1% Around 30% 35% or higher Financial health DE ratio 1.13 1.10 1.24 Around 1.5 Aroun

  15. Slide 15: Enhancement of Corporate Value (Improvement in PBR)

    Enhancement of Corporate Value (Improvement in PBR)  Results of PBR and initiatives for improvement  Improved profitability (Profit attributable to owners of parent / Net sales: 4.78%) • Improve business revenue based on the revenue improvement plan in MTMP2025 • Realize productivity improvement t

  16. Slide 16: TOPICS

    TOPICS  Technology Development • March 2025 Automated multiple heavy machines necessary for tunnel mucking https://www.nishimatsu.co.jp/news/2025/post_142.html • March 2025 Realized fast construction work with precast renewal lining https://www.nishimatsu.co.jp/news/2025/post_141.html • March 2025

  17. Slide 17: Data Section (Fact Book)

    Data Section (Fact Book) Trust. It’s what we build.

  18. Slide 18: Contents

    Contents Ⅰ Results of FY2025 March and forecast of FY2026 March 当 Ⅲ Subsidiary Companies Information Consolidated Statements of Income Major Subsidiary Companies results Consolidated Balance Sheets Detail of Consolidated Financial Information Consolidated Statements of Cash Flows Non-Consolidated St

  19. Slide 19: Consolidated Statements of Income

    Ⅰ Results of FY2025 March and Forecast of FY2026 March ◆Consolidated Statements of Income （Unit: 100 Million Yen） Results Forecast Last fiscal year This fiscal year (2024.4.1～2025.3.31) Next fiscal year Item 2024/3 2025/3 Variance 2026/3 Variance Forecast at the (2023.4.1～2024.3.31) Results (2025.4.

  20. Slide 20: Consolidated Balance Sheets

    ◆Consolidated Balance Sheets （Unit: 100 Million Yen） Results 2024/3 2025/3 Item Variance (2024.3.31) (2025.3.31) Amount ％ Amount ％ Amount ％ Current assets 3,119 53.8 2,991 50.5 ▲ 128 ▲ 4.1 Assets Noncurrent 2,676 46.2 2,928 49.5 252 9.4 assets Total assets 5,796 100.0 5,920 100.0 124 2.1 Current 2,7

  21. Slide 21: Consolidated Statements of Cash Flows

    ◆Consolidated Statements of Cash Flows （Unit: 100 Million Yen） Results 2024/3 2025/3 Item Variance (2023.4.1～2024.3.31) (2024.4.1～2025.3.31) Amount Amount Amount Income before income tax & minority interest 189 245 56 CF from Notes, accounts receivable ▲ 71 ▲ 260 ▲ 189 Operating /Work payable in pro

  22. Slide 22: Non-Consolidated Statements of Income

    ◆Non-Consolidated Statements of Income （Unit: 100 Million Yen） Results Forecast Last fiscal year This fiscal year (2024.4.1～2025.3.31) Next fiscal year Item 2024/3 2025/3 Variance 2026/3 Variance Forecast at the (2023.4.1～2024.3.31) Results (2025.4.1～2026.3.31) beginning of FY2024 Amount ％ Amount ％

  23. Slide 23: Non-Consolidated Orders Received

    ◆Non-Consolidated Orders Received （Unit: 100 Million Yen） Results Forecast 2024/3 2025/3 2026/3 Item Variance Variance (2023.4.1～2024.3.31) (2024.4.1～2025.3.31) (2025.4.1～2026.3.31) Amount ％ Amount ％ Amount ％ Amount ％ Amount ％ Public 883 25.1 1,638 40.0 754 85.5 Domestic Private 308 8.8 257 6.3 ▲ 51

  24. Slide 24: Non-Consolidated Net Sales

    ◆Non-Consolidated Net Sales （Unit: 100 Million Yen） Results Forecast 2024/3 2025/3 2026/3 Item Variance Variance (2023.4.1～2024.3.31) (2024.4.1～2025.3.31) (2025.4.1～2026.3.31) Amount ％ Amount ％ Amount ％ Amount ％ Amount ％ Public 846 21.7 781 22.4 ▲ 65 ▲ 7.7 Domestic Private 206 5.3 290 8.4 83 40.4 Ci

  25. Slide 25: Non-Consolidated Works Carried Forward

    ◆Non-Consolidated Works Carried Forward （Unit: 100 Million Yen） Results 2024/3 2025/3 Item Variance (2023.4.1～2024.3.31) (2024.4.1～2025.3.31) Amount ％ Amount ％ Amount ％ Public 1,346 23.0 2,203 32.7 857 63.7 Domestic Private 771 13.2 738 11.0 ▲ 33 ▲ 4.3 Civil Total 2,118 36.2 2,942 43.6 823 38.9 Over

  26. Slide 26: Non-Consolidated Gross Profit

    ◆Non-Consolidated Gross Profit （Unit: 100 Million Yen） Results Forecast 2024/3 2025/3 2026/3 Item Variance Variance (2023.4.1～2024.3.31) (2024.4.1～2025.3.31) (2025.4.1～2026.3.31) Amount ％ Amount ％ Amount ％ Amount ％ Amount ％ Domestic 169 16.1 151 14.1 ▲ 18 ▲ 2.0 155 13.5 3 ▲ 0.6 Civil Overseas 9 4.6

  27. Slide 27: Non-Consolidated Orders Received (Domestic/Overseas, Public/Private)

    Ⅱ Detail of Construction Business Activities ◆Non-Consolidated Orders Received （Domesitc / Overseas, Public / Private ） （Unit: Million Yen） 2021/3 2022/3 2023/3 2024/3 2025/3 Civil 147,290 47.2% 144,614 44.1% 148,385 45.3% 129,630 36.9% 204,591 49.9% Domestic public 129,187 41.4% 80,998 24.7% 74,983

  28. Slide 28: Non-Consolidated Orders Received (Type of Works)

    ◆Non-Consolidated Orders Received （Type of Works Proportion） （Unit: Million Yen） 2021/3 2022/3 2023/3 2024/3 2025/3 Civil 147,290 100.0% 144,614 100.0% 148,385 100.0% 129,630 100.0% 204,591 100.0% Soil / River conservation 9,058 6.1% 16,048 11.1% 10,986 7.4% 14,287 11.0% 42,249 20.7% Railways 8,457

  29. Slide 29: Non-Consolidated Net Sales (Domestic/Overseas, Public/Private)

    ◆Non-Consolidated Net Sales （Domestic / Overseas, Public / Private ） （Unit: Million Yen） 2021/3 2022/3 2023/3 2024/3 2025/3 Civil 125,377 39.7% 120,870 40.3% 118,372 40.0% 125,698 34.8% 130,250 40.5% Domestic public 87,756 27.8% 83,293 27.8% 83,239 28.2% 84,651 23.4% 78,105 24.3% Domestic private 27

  30. Slide 30: Non-Consolidated Net Sales (Type of Works)

    ◆Non-Consolidated Net Sales （Type of Works Proportion） （Unit: Million Yen） 2021/3 2022/3 2023/3 2024/3 2025/3 Civil 125,377 100.0% 120,870 100.0% 118,372 100.0% 125,698 100.0% 130,250 100.0% Soil / River conservation 12,281 9.8% 9,597 7.9% 13,544 11.4% 11,213 8.9% 11,890 9.1% Railways 15,238 12.2% 1

  31. Slide 31: Non-Consolidated Works Carried Forward (Domestic/Overseas)

    ◆Non-Consolidated Works Carried Forward （Domestic / Overseas, Public / Private ） （Unit: Million Yen） 2021/3 2022/3 2023/3 2024/3 2025/3 Civil 232,063 43.3% 255,807 45.4% 285,820 48.0% 289,753 49.5% 364,094 54.0% Domestic public 141,518 26.4% 139,224 24.7% 130,967 22.0% 134,637 23.0% 220,343 32.7% Do

  32. Slide 32: Non-Consolidated Works Carried Forward (Type of Works)

    ◆Non-Consolidated Works Carried Forward （Type of Works Proportion） （Unit: Million Yen） 2021/3 2022/3 2023/3 2024/3 2025/3 Civil 232,063 100.0% 255,807 100.0% 285,820 100.0% 289,753 100.0% 364,094 100.0% Soil / River conservation 8,731 3.8% 15,177 5.9% 12,620 4.4% 15,643 5.4% 46,002 12.6% Railways 51

  33. Slide 33: Subsidiary Companies Information

    Ⅲ Subsidiary Companies information ◆Major Subsidiary Companies results （Unit: Million Yen） Thai Nishimatsu Construction Co., Ltd.【International business】 Construction Net sales Gross profit Operating income Ordinary income Net income orders received 2024/03 8,447 11,031 841 439 506 404 2025/03 17,81

  34. Slide 34: Financial Data: Consolidated Statements of Income

    Ⅳ Financial Data ◆Consolidated Statements of Income （Unit: Million Yen） 2021/3 2022/3 2023/3 2024/3 2025/3 Net sales 336,241 323,754 339,757 401,633 366,811 Completed construction contract 321,338 304,193 304,392 369,980 336,286 Development business and other 14,902 19,560 35,365 31,652 30,524 Gross

  35. Slide 35: Consolidated Balance Sheets

    ◆Consolidated Balance Sheets （Unit: Million Yen） 2021/3 2022/3 2023/3 2024/3 2025/3 （Assets） Current assets 275,273 262,292 290,744 311,985 299,147 Cash and bank deposit 43,769 47,121 53,726 56,532 43,418 Notes and accounts receivable ,trade 203,082 183,464 190,506 204,715 213,590 Marketable securit

  36. Slide 36: Consolidated Statements of Cash Flows

    ◆Consolidated Statements of Cash Flows （Unit: Million Yen） 2021/3 2022/3 2023/3 2024/3 2025/3 Cumulation in 5 years CF from Operating activities Income before income tax & minority interest 23,998 22,696 13,595 18,920 24,540 103,749 Depreciation 3,350 3,728 3,966 3,993 4,452 19,489 Allowance for dou

  37. Slide 37: Segment Information (Consolidated)

    ◆Segment Information（Consolidated） （Unit: Million Yen） 2023/3 2024/3 2025/3 Civil Net sales Net sales external client 107,875 106,963 107,994 Net sales internal transaction - - - Total 107,875 106,963 107,994 Segment profit 11,722 11,100 8,839 Depreciation 577 500 619 Buildings Net sales Net sales e

  38. Slide 38: Non-Consolidated Statements of Income

    ◆Non-Consolidated Statements of Income （Unit: Million Yen） 2021/3 2022/3 2023/3 2024/3 2025/3 Net sales 328,252 317,707 328,385 390,299 347,988 Completed construction contract 314,720 299,681 295,642 361,558 321,293 Development business and other 13,532 18,025 32,743 28,740 26,695 Gross profit 38,13

  39. Slide 39: Non-Consolidated Balance Sheets

    ◆Non-Consolidated Balance Sheets （Unit: Million Yen） 2021/3 2022/3 2023/3 2024/3 2025/3 （Assets） Current assets 265,182 250,251 270,971 297,879 274,022 Cash and bank deposit 34,965 36,811 38,290 45,633 26,754 Notes and accounts receivable ,trade 4,479 7,023 7,038 3,476 1,598 Completed work receivabl

  40. Slide 40: Major Financial Data (Consolidated / Non-Consolidated)

    ◆Major Financial Data (Consolidated) （Unit: 100 million Yen） Results Forecast 2021/3 2022/3 2023/3 2024/3 2025/3 2026/3 Interest-bearing debt 1,150.3 1,600.3 1,683.9 1,861.5 2,142.1 2,480.0 Guarantee for loans of 1.2 0.9 0.8 0.6 0.5 0.3 consolidated subsidiaries etc. Capital investment 208.8 312.8 3

  41. Slide 41: Major Management Index Transition (Consolidated)

    Ⅴ Major Management Index ◆Major Management Index Transition (Consolidated) 84th FY 85th FY 86th FY 87th FY 88th FY 2021/3 2022/3 2023/3 2024/3 2025/3 Construction orders received （Million Yen） 313,437 333,974 340,392 360,273 429,719 Net sales （Million Yen） 336,241 323,754 339,757 401,633 366,811 Ope

  42. Slide 42: Major Management Index Transition (Non-consolidated)

    ◆Major Management Index Transition (Non-consolidated) 84th FY 85th FY 86th FY 87th FY 88th FY 2021/3 2022/3 2023/3 2024/3 2025/3 Construction orders （Million Yen） 312,277 328,093 327,401 351,245 409,904 received Net sales （Million Yen） 328,252 317,707 328,385 390,299 347,988 Operating income （Millio

Nishimatsu Construction — FY2024 Earnings Presentation on 6ix