Nishimatsu Construction Co., Ltd. · TSE:1820

Nishimatsu Construction — FY2025 Earnings Presentation

43 slides from Nishimatsu Construction's earnings presentation, May 12, 2026

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

    Financial Results Presentation Material (Fact Book) Fiscal Year Ended March 31, 2026 May 12, 2026 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 FY2025, as the final year of the Medium-Term Management Plan 2025, despite facing rising construction and borrowing costs, the revenue improvement plan set out in the Medium-Term Management Plan 2025 progressed steadily, resulting in a

  3. Slide 3: Contents

    Contents Financial Highlights of Fiscal Year Ended March 31, 2026 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 11 • Progress of the Financial Plan 12

  4. Slide 4: Consolidated Statements of Income

    Consolidated Statements of Income｜ Financial Highlights of Fiscal Year Ended March 31, 2026  Consolidated Results (Unit: 100 Million Yen) Previous Results Compared with FY2025/3 FY2027/3 forecast fiscal year Forecast at Increase Increase Increase Increase (FY2025/3) (FY2026/3) beginning of /decreas

  5. Slide 5: Construction Orders Received

    Construction Orders Received｜ Financial Highlights of Fiscal Year Ended March 31, 2026  Orders Received (Unit: 100 Million Yen) Previous Results Compared with FY2025/3 FY2027/3 forecast fiscal year Increase Forecast at Increase Increase Increase (FY2025/3) (FY2026/3) /decrease beginning of /decreas

  6. Slide 6: Major Construction Orders Received

    Construction Orders Received｜ Financial Highlights of Fiscal Year Ended March 31, 2026  Major Construction Orders Received Type of Projects’ Segment Name of Project Client Work Location Domestic Kanto Regional Development Bureau, civil Road 2025 National Route 357 Tamagawa Tunnel Ministry of Land,

  7. Slide 7: Consolidated Balance Sheets

    Consolidated Balance Sheets｜ Financial Highlights of Fiscal Year Ended March 31, 2026  Consolidated Financial Position (Unit: 100 Million Yen) Previous fiscal year Current fiscal year Increase/decrease from FY2025/3 FY2026/3 end of FY2025/3 Increase/ Increase/ Composition Composition Amount Amount

  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 14.1% 13.6% 13.8% 2,942 300 2,546 1,300 2,496 1,211 250 12.0% 1,250 1,071 200 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 11.7% 12.3% 3,382 3,602 2,433 2,500 8.7% 3,099 2,150 2,280 2,053 1,910 280 250 165 FY2025/3 FY

  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 Orders carried forward 561 1,027 4.6% 4.5% 957 2.7% 400 383 698 350 316 330 17 15 8 FY2025/3 FY2026/3 FY2027/3 FY2025/3 FY202

  11. Slide 11: Environment and Urban Development Business

    Environment and Urban Development Business｜From April 2026, the Asset Value-Added Business Division and the Regional Environmental Solutions Business Division will be integrated to establish the Environment and Urban Development Division. Overview of Operating Results by Business Segment Asset Value

  12. Slide 12: Environment and Urban Development Business: Investment and Recovery

    Environment and Urban Development Business ｜ Overview of Operating Results by Business Segment Asset Value-Added Business  Medium-Term Management Plan (MTMP) 2025: Progress of Investment and Recovery (Net Investment) (Unit: 100 Million Yen) MTMP 2025 FY2023 and FY2024 FY2025 FY2023 to FY2025 3-year

  13. Slide 13: Environment and Urban Development Business: Results and Outlook

    Environment and Urban Development Business ｜ Overview of Operating Results by Business Segment  Results (consolidated) (Unit: 100 Million Yen) Net sales Gross profit / margin 490 200.0 38.1% 44.8% 21.4% 50.0% 150.0 0.0% 273 257 104.1 115.4 105.0 100.0 -50.0% 50.0 -100.0% 0.0 -150.0% FY2025/3 FY20

  14. Slide 14: 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 MTMP 2025 Investment Results Expected Effects from Investment Investment Targets and Amounts (as of FY2030) Investment Effects and Contributions (

  15. Slide 15: Progress of the Financial Plan

    Progress of the Financial Plan  Financial Indicator (consolidated) Results MTMP 2025 FY2028 FY2035 FY2023 FY2024 FY2025 Capital ROE 10% 7.8% 10.3% 13.1%* Around 11% Around 12% efficiency Capital to Around 30% 29.1% 29.1% 28.4% Around 35% Around 35% assets ratio Financial health DE ratio Around 1.5

  16. Slide 16: 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: 6.07%) • Expand the domains of the domestic construction business through M&A, etc., and expand business in growth domai

  17. Slide 17: TOPICS

    TOPICS  Technology Development • Remote digital twinning of shaft interior through use of drones with automatic charging ports https://www.nishimatsu.co.jp/news/2025/post_154.html • Development of Smart Slit Construction Method® that eliminates the need for vertical slits by reinforced concrete col

  18. Slide 18: Data Section (Fact Book)

    Data Section (Fact Book)

  19. Slide 19: Contents

    Contents Ⅰ Results of FY2026 March and forecast of FY2027 March 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 Stat

  20. Slide 20: Consolidated Statements of Income

    Ⅰ Results of FY2026 March and Forecast of FY2027 March ◆Consolidated Statements of Income （Unit: 100 Million Yen） Results Forecast Last fiscal year This fiscal year (2025.4.1～2026.3.31) Next fiscal year Item 2025/3 2026/3 Variance 2027/3 Variance Forecast at the (2024.4.1～2025.3.31) Results (2026.4.

  21. Slide 21: Consolidated Balance Sheets

    ◆Consolidated Balance Sheets （Unit: 100 Million Yen） Results 2025/3 2026/3 Item Variance (2025.3.31) (2026.3.31) Amount ％ Amount ％ Amount ％ Current assets 2,991 50.5 3,909 57.0 918 30.7 Assets Non-current 2,928 49.5 2,950 43.0 21 0.7 assets Total assets 5,920 100.0 6,860 100.0 939 15.9 Current 2,608

  22. Slide 22: Consolidated Statements of Cash Flows

    ◆Consolidated Statements of Cash Flows （Unit: 100 Million Yen） Results 2025/3 2026/3 Item Variance (2024.4.1～2025.3.31) (2025.4.1～2026.3.31) Amount Amount Amount Profit before income taxes 245 339 94 CF from Notes, accounts receivable ▲ 260 ▲ 429 ▲ 168 Operating /Work payable in progress, activities

  23. Slide 23: Non-Consolidated Statements of Income

    ◆Non-Consolidated Statements of Income （Unit: 100 Million Yen） Results Forecast Last fiscal year This fiscal year (2025.4.1～2026.3.31) Next fiscal year Item 2025/3 2026/3 Variance 2027/3 Variance Forecast at the (2024.4.1～2025.3.31) Results (2026.4.1～2027.3.31) beginning of FY2025 Amount ％ Amount ％

  24. Slide 24: Non-Consolidated Orders Received

    ◆Non-Consolidated Orders Received （Unit: 100 Million Yen） Results Forecast 2025/3 2026/3 2027/3 Item Variance Variance (2024.4.1～2025.3.31) (2025.4.1～2026.3.31) (2026.4.1～2027.3.31) Amount ％ Amount ％ Amount ％ Amount ％ Amount ％ Public 1,638 40.0 535 14.5 ▲ 1,103 ▲ 67.3 Domestic Private 257 6.3 280 7.

  25. Slide 25: Non-Consolidated Net Sales

    ◆Non-Consolidated Net Sales （Unit: 100 Million Yen） Results Forecast 2025/3 2026/3 2027/3 Item Variance Variance (2024.4.1～2025.3.31) (2025.4.1～2026.3.31) (2026.4.1～2027.3.31) Amount ％ Amount ％ Amount ％ Amount ％ Amount ％ Public 781 22.4 811 21.4 30 3.9 Domestic Private 290 8.4 399 10.5 109 37.6 Civi

  26. Slide 26: Non-Consolidated Works Carried Forward

    ◆Non-Consolidated Works Carried Forward （Unit: 100 Million Yen） Results 2025/3 2026/3 Item Variance (2024.4.1～2025.3.31) (2025.4.1～2026.3.31) Amount ％ Amount ％ Amount ％ Public 2,203 32.7 1,926 28.0 ▲ 276 ▲ 12.6 Domestic Private 738 11.0 619 9.0 ▲ 118 ▲ 16.1 Civil Total 2,942 43.6 2,546 37.0 ▲ 395 ▲

  27. Slide 27: Non-Consolidated Gross Profit

    ◆Non-Consolidated Gross Profit （Unit: 100 Million Yen） Results Forecast 2025/3 2026/3 2027/3 Item Variance Variance (2024.4.1～2025.3.31) (2025.4.1～2026.3.31) (2026.4.1～2027.3.31) Amount ％ Amount ％ Amount ％ Amount ％ Amount ％ Domestic 151 14.1 164 13.6 12 ▲ 0.5 180 13.8 15 0.2 Civil Overseas 8 3.5 1 0

  28. Slide 28: 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） 2022/3 2023/3 2024/3 2025/3 2026/3 Civil 144,614 44.1% 148,385 45.3% 129,630 36.9% 204,591 49.9% 127,014 34.3% Domestic public 80,998 24.7% 74,983 22.9% 88,321

  29. Slide 29: Non-Consolidated Orders Received (Type of Works Proportion)

    ◆Non-Consolidated Orders Received （Type of Works Proportion） （Unit: Million Yen） 2022/3 2023/3 2024/3 2025/3 2026/3 Civil 144,614 100.0% 148,385 100.0% 129,630 100.0% 204,591 100.0% 127,014 100.0% Soil / River conservation 16,048 11.1% 10,986 7.4% 14,287 11.0% 42,249 20.7% 12,604 9.9% Railways 47,02

  30. Slide 30: Non-Consolidated Net Sales (Domestic / Overseas, Public / Private)

    ◆Non-Consolidated Net Sales （Domestic / Overseas, Public / Private ） （Unit: Million Yen） 2022/3 2023/3 2024/3 2025/3 2026/3 Civil 120,870 40.3% 118,372 40.0% 125,698 34.8% 130,250 40.5% 140,732 39.6% Domestic public 83,293 27.8% 83,239 28.2% 84,651 23.4% 78,105 24.3% 81,156 22.8% Domestic private 25

  31. Slide 31: Non-Consolidated Net Sales (Type of Works Proportion)

    ◆Non-Consolidated Net Sales （Type of Works Proportion） （Unit: Million Yen） 2022/3 2023/3 2024/3 2025/3 2026/3 Civil 120,870 100.0% 118,372 100.0% 125,698 100.0% 130,250 100.0% 140,732 100.0% Soil / River conservation 9,597 7.9% 13,544 11.4% 11,213 8.9% 11,890 9.1% 15,874 11.3% Railways 12,592 10.4%

  32. Slide 32: Non-Consolidated Works Carried Forward (Domestic / Overseas)

    ◆Non-Consolidated Works Carried Forward （Domestic / Overseas, Public / Private ） （Unit: Million Yen） 2022/3 2023/3 2024/3 2025/3 2026/3 Civil 255,807 45.4% 285,820 48.0% 289,753 49.5% 364,094 54.0% 350,376 50.9% Domestic public 139,224 24.7% 130,967 22.0% 134,637 23.0% 220,343 32.7% 192,687 28.0% Do

  33. Slide 33: Non-Consolidated Works Carried Forward (Type of Works Proportion)

    ◆Non-Consolidated Works Carried Forward （Type of Works Proportion） （Unit: Million Yen） 2022/3 2023/3 2024/3 2025/3 2026/3 Civil 255,807 100.0% 285,820 100.0% 289,753 100.0% 364,094 100.0% 350,376 100.0% Soil / River conservation 15,177 5.9% 12,620 4.4% 15,643 5.4% 46,002 12.6% 42,733 12.2% Railways

  34. Slide 34: 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 2025/03 17,810 21,728 823 400 420 335 2026/03 10,5

  35. Slide 35: Financial Data: Consolidated Statements of Income

    Ⅳ Financial Data ◆Consolidated Statements of Income （Unit: Million Yen） 2022/3 2023/3 2024/3 2025/3 2026/3 Net sales 323,754 339,757 401,633 366,811 396,030 Completed construction contracts 304,193 304,392 369,980 336,286 367,774 Real eatate business and other 19,560 35,365 31,652 30,524 28,255 Gros

  36. Slide 36: Consolidated Balance Sheets

    ◆Consolidated Balance Sheets （Unit: Million Yen） 2022/3 2023/3 2024/3 2025/3 2026/3 （Assets） Current assets 262,292 290,744 311,985 299,147 390,966 Cash and bank deposits 47,121 53,726 56,532 43,418 48,273 Notes and accounts receivable ,trade 183,464 190,506 204,715 213,590 264,732 Marketable securi

  37. Slide 37: Consolidated Statements of Cash Flows

    ◆Consolidated Statements of Cash Flows （Unit: Million Yen） 2022/3 2023/3 2024/3 2025/3 2026/3 Cumulation in 5 years CF from Operating activities Profit before income taxes 22,696 13,595 18,920 24,540 33,986 113,737 Depreciation 3,728 3,966 3,993 4,452 5,058 21,197 Allowance for doubtful account ▲ 14

  38. Slide 38: Segment Information (Consolidated)

    ◆Segment Information（Consolidated） （Unit: Million Yen） 2023/3 2024/3 2025/3 2026/3 Civil Net sales Sales to external clients 107,875 106,963 107,994 121,904 Internal sales or transfers between segments - - - - Total 107,875 106,963 107,994 121,904 Segment profit (loss) 11,722 11,100 8,839 9,120 Depr

  39. Slide 39: Non-Consolidated Statements of Income

    ◆Non-Consolidated Statements of Income （Unit: Million Yen） 2022/3 2023/3 2024/3 2025/3 2026/3 Net sales 317,707 328,385 390,299 347,988 379,412 Completed construction contracts 299,681 295,642 361,558 321,293 355,239 Real estate business and other 18,025 32,743 28,740 26,695 24,173 Gross profit 43,0

  40. Slide 40: Non-Consolidated Balance Sheets

    ◆Non-Consolidated Balance Sheets （Unit: Million Yen） 2022/3 2023/3 2024/3 2025/3 2026/3 （Assets） Current assets 250,251 270,971 297,879 274,022 369,836 Cash and bank deposits 36,811 38,290 45,633 26,754 31,956 Notes and accounts receivable ,trade 7,023 7,038 3,476 1,598 4,664 Completed work receivab

  41. Slide 41: Major Financial Data (Consolidated / Non-Consolidated)

    ◆Major Financial Data (Consolidated) （Unit: 100 million Yen） Results Forecast 2022/3 2023/3 2024/3 2025/3 2026/3 2027/3 Interest-bearing debt 1,600.3 1,683.9 1,861.5 2,142.1 2,328.3 2,400.0 Guarantee for loans of 0.9 0.8 0.6 0.5 0.3 0.1 consolidated subsidiaries etc. Capital investment 312.8 302.0 4

  42. Slide 42: Major Management Index Transition (Consolidated)

    Ⅴ Major Management Index ◆Major Management Index Transition (Consolidated) 85th FY 86th FY 87th FY 88th FY 89th FY 2022/3 2023/3 2024/3 2025/3 2026/3 Construction orders （Million Yen） 333,974 340,392 360,273 429,719 381,014 received Net sales （Million Yen） 323,754 339,757 401,633 366,811 396,030 Ope

  43. Slide 43: Major Management Index Transition (Non-consolidated)

    ◆Major Management Index Transition (Non-consolidated) 85th FY 86th FY 87th FY 88th FY 89th FY 2022/3 2023/3 2024/3 2025/3 2026/3 Construction orders （Million Yen） 328,093 327,401 351,245 409,904 369,819 received Net sales （Million Yen） 317,707 328,385 390,299 347,988 379,412 Operating income （Millio

Nishimatsu Construction — FY2025 Earnings Presentation on 6ix