Shinnihon Corporation · TSE:1879
Shinnihon — FY2025 Earnings Presentation
32 slides from Shinnihon's earnings presentation, Jun 24, 2026
Slide 1: Financial Results Presentation
Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Fiscal Year Ended March 31, 2026 Financial Results Presentation TSE Prime:
Slide 2: I Summary of Results
I Summary of Results II Orders Received and Construction Track Record, etc. III Results and Dividend Forecasts IV Business Model and Strengths V Topics VI Corporate Profile
Slide 3: Financial Results Summary
Financial Results Summary Note: On a consolidated basis; same applies hereinafter. Net sales Operating profit Ordinary profit ¥ 138.4 billion ¥ 20.4 billion ¥ 20.7 billion YoY +5.1% YoY +11.4% YoY +13.1% Increased for the fifth consecutive year, Increased for the fifth consecutive year, Increased, r
Slide 4: Net sales and Gross Profit
Net sales and Gross Profit (Millions of yen) Net sales increased 5.1% year on year to 138.4 billion yen. Gross profit rose 8.8% year on year to 25.6 billion yen. Net sales increased, profit increased for the fifth consecutive year, both reached record highs. Net sales Gross profit (ratio) 138,428
Slide 5: Ordinary Profit and Profit Attributable to Owners of Parent
Ordinary Profit and Profit Attributable to Owners of Parent (Millions of yen) Ordinary profit increased 13.1% year on year to 20.7 billion yen. Profit increased 18.8% year on year to 15.2 billion yen. Both increased for the fifth consecutive year and reached record highs. Ordinary profit (ratio) P
Slide 6: ROE and ROA
ROE and ROA (Millions of yen) Both profit level and asset size have been expanding and growing steadily. Both ROE and ROA remained stable above 10%. ROE and equity ROA and total assets 11.9% 11.6% 11.4% 10.9% 10.8% 10.9% 185,296 134,547 172,954 122,313 168,154 113,095 2024/3 2025/3 2026/3 2024/3 2
Slide 7: Construction Business
Construction Business (Millions of yen) Despite the ongoing labor shortage and persistently high materials prices, capital investment demand remained firm. Net sales increased for the fifth consecutive year, while profit increased for the second consecutive year. Net sales of completed Gross profi
Slide 8: Development Business, etc.
Development Business, etc. (Millions of yen) The condominium market in the Tokyo metropolitan area remained nearly steady, mainly the market for condominiums for the wealthy, amid the continuing decline in supply and rising sales prices. Net sales and profit decreased due to a decline in the numbe
Slide 9: Financial Position
Financial Position (Millions of yen) Total assets Liabilities Cash and deposits increased 13.1 billion yen. Notes and accounts payable on construction Inventories increased 4.4 billion yen. contracts and other decreased 1.9 billion yen. Net assets Retained earnings increased 11.7 billion yen
Slide 10: Cash and Deposits and Borrowings
Cash and Deposits and Borrowings (Millions of yen) We have had virtually no debt since the fiscal year ended March 31, 2016 and have had no year-end borrowings since the fiscal year ended March 31, 2019. Cash and deposits increased, mainly due to cash flows from operating activities of 17.2 billio
Slide 11: Equity-to-asset ratio
Equity-to-asset ratio (Millions of yen) Compared with the end of the previous fiscal year, total assets increased 12.3 billion yen, liabilities increased 0.1 billion yen, and net assets increased 12.2 billion yen. The equity-to-asset ratio rose 1.9 percentage points to 72.6%. Liabilities and equit
Slide 12: Cash Flows
Cash Flows (Millions of yen) Cash and cash equivalents increased 6.1 billion yen from the end of the previous fiscal year to 54.8 billion yen. The main factor was operating cash flow of 17.2 billion yen, reflecting profit before income taxes of 20.7 billion yen. Increase/decrease in cash flows by
Slide 13: II Orders Received and Construction Track Record, etc.
I Summary of Results Orders Received and II Construction Track Record, etc. III Results and Dividend Forecasts IV Business Model and Strengths V Topics VI Corporate Profile
Slide 14: Overview of Orders Received
Overview of Orders Received (Millions of yen) Breakdown of make to order Breakdown of consolidated orders received (Construction Business) Non-residence Development 29,081 Business, etc. 31.2% 59,217 36.2% Total Total 163,397 93,262 63.8% Construction Business 68.8% Residence 104,179 64,181 SHINNIHO
Slide 15: Make to Order: Construction Business
Make to Order: Construction Business (Millions of yen) Breakdown of the Construction Business by area Major properties for which orders were received Project name Project owner Use Ibaraki Mitsubishi HC Capital Estate Housing Saitama 123 Chuo 2-chome, Ebina Plus Inc. complex 10,181 0.1% Hankyu Hansh
Slide 16: Make to Order: Development Business, etc.
Make to Order: Development Business, etc. (Millions of yen) Breakdown of condominiums by area Major delivered properties Walking Number of distance Saitama Property name units sold from station 6,411 Excellent City Hashimoto 98 8 min Excellent City Hazawa Yokohama-Kokudai 93 4 min 12.6% Excellent Ci
Slide 17: Number of Condominium Units Supplied in the Tokyo Metropolitan Area
Number of Condominium Units Supplied in the Tokyo Metropolitan Area The number of new condominiums supplied in the Tokyo metropolitan area decreased by approximately 77% from its peak in 2000. We steadily increased the number of units supplied, reaching 1,107 units in the fiscal year under review.
Slide 18: Shareholder Returns
Shareholder Returns Our basic policy is to provide stable dividends, and we consider the risks involved in the development business and the optimal balance between growth investments and shareholder returns. In light of our financial results for the fiscal year under review, we increased the divid
Slide 19: III Results and Dividend Forecasts
I Summary of Results II Orders Received and Construction Track Record, etc. III Results and Dividend Forecasts IV Business Model and Strengths V Topics VI Corporate Profile
Slide 20: Results and Dividend Forecasts
Results and Dividend Forecasts Dividends per share is expected to increase by 10 yen to 77 yen, with a payout ratio of 25.7%. It will be the sixth consecutive fiscal year in which the dividend increased. Net sales Operating profit Ordinary profit ¥ 156.0 billion ¥ 25.5 billion ¥ 26.0 billion YoY +12
Slide 21: Earnings Forecast: Net Sales and Operating Profit
Earnings Forecast: Net Sales and Operating Profit (Millions of yen) Net sales are forecast to increase 12.7% to 156.0 billion yen, and operating profit is forecast to increase 25.0% to 25.5 billion yen. Net sales Operating profit (margin) 156,000 16.3% 14.7% 25,500 13.9% 13.2% 138,428 20,405 133,517
Slide 22: Earnings Forecast: Ordinary Profit and Profit Attributable to Owners of Parent
Earnings Forecast: Ordinary Profit and Profit Attributable to Owners of Parent (Millions of yen) Ordinary profit increased 25.2% year on year to 26.0 billion yen. Profit increased 14.9% year on year to 17.5 billion yen. Ordinary profit (ratio) Profit (ratio) 16.7% 11.2% 11.0% 15.0% 26,000 9.7% 17,50
Slide 23: IV Business Model and Strengths
I Summary of Results II Orders Received and Construction Track Record, etc. III Results and Dividend Forecasts IV Business Model and Strengths V Topics VI Corporate Profile
Slide 24: Business Model and Strengths (1)
Business Model and Strengths (1) A general builder that functions as a developer Producing synergy from the coordination of the two businesses Construction Business As a locally based company in Chiba, we have built strong alliances with our partner companies in the prefecture. We operate the
Slide 25: Business Model and Strengths (2)
Business Model and Strengths (2) We have established a unique business model. High profitability achieved We maintain a strong financial base. Reducing risks in the development business and regarding potential economic recessions Our unique integrated in-house construction and sales system busin
Slide 26: Business Model and Strengths (3)
Business Model and Strengths (3) We achieve “Best Business Best Life” under our philosophy, “the Company exists for the people who work for it.” We invest in human capital by raising wages to secure outstanding talent and expanding training programs to develop human resources. Average annual salar
Slide 27: V Topics
I Summary of Results II Orders Received and Construction Track Record, etc. III Results and Dividend Forecasts IV Business Model and Strengths V Topics VI Corporate Profile
Slide 28: Topics (1)
Topics (1) Full entry into the condominiums for senior citizens business Excellent City Motosumiyoshi The Residence — now on sale in Funabashi City 15-minute walk from Motosumiyoshi Station on the Tokyu Ownership-type senior residences that provide safe, Toyoko Line secure, and high-quality home
Slide 29: Topics (2)
Topics (2) Chairman Kanetsuna and the Shinnichi Ikuei Scholarship 2025 Ranking of Condominiums Foundation Donate to Chiba City in the Tokyo Metropolitan Area Chairman Kanetsuna personally donated 1.5 billion yen. Business owner 5th The Shinnichi Ikuei Scholarship Foundation donated Sales com
Slide 30: VI Corporate Profile
I Summary of Results II Orders Received and Construction Track Record, etc. III Results and Dividend Forecasts IV Business Model and Strengths V Topics VI Corporate Profile
Slide 31: Corporate Profile
Corporate Profile Corporate Profile Company name SHINNIHON CORPORATION Securities code 1879 (Tokyo Stock Exchange Prime Market) Head office 1-4-3 Hibino, Mihama-ku, Chiba-shi, Chiba Prefecture, Japan URL https://www.shinnihon-c.co.jp/ October 16, 1964 Established Founded in 1923 Representative Katsu
Slide 32: Inquiries
Inquiries Financial Affairs and Planning Department, Management Headquarters Phone: +81-43-213-1111 (main line) E-mail: keiki@shinnihon-c.co.jp The financial performance forecasts and other forward-looking statements contained in this document are based on information currently available to and cert