Disclaimer: This document has been translated from 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 Ending March 2026 Q3 Financial Results Presentation
ASANUMA CORPORATION
TSE Prime Market 1852
February 26, 2026
Table of Contents
1 Financial Results and Shareholder Returns | |
1. Q3 FY2025 Results and Progress (consolidated) | p.4 |
2. Upward Revision to Financial Results Forecast | p.5 |
3. Upward Revision to Dividend Forecast (Increase) | p.6 |
4. Shareholder Returns | p.7～ |
5. Breakdown of Orders (Non-consolidated basis) - Public / Private Sector | p.9 |
6. Breakdown of Orders (Non-consolidated basis) - by Type of Projects | p.10 |
2 Initiatives in Q3 FY2025 | |
1. Themes of the Three-Year Medium-Term Plan | p.12 |
2. Initiatives by Strategic Theme | p.13～ |
3. Progress on KPIs by Strategic Theme | p.18 |
Appendix | p.19～ |
© 2026 Asanuma Corporation. 2
Financial Results and
1
Shareholder Returns© 2026 Asanuma Corporation.
3
1
Financial Results and Shareholder Returns
FY2025 Q3 Results and Progress (consolidated)
In Q3 FY2025, Orders, Net Sales, and profits all exceeded the levels of the same period last year, and carryover projects continued to accumulate steadily, resulting in solid progress. Based on this performance, we revised upward our full-year financial results forecast and orders forecast (announced on February 10, 2026; details on p.5).
Orders; Orders improved significantly, driven by large-scale projects in domestic building and civil engineering-such as new warehouse and residential construction, renovation projects, and power cable line works-resulting in a +26.4% year-on-year increase.
Net Sales; Net Sales increased +11.2% year-on-year, supported by steady progress in major carryover projects, primarily warehouses, factories, and multi-family housing.
Profit; Gross Profit rose +22.8% year-on-year, supported by higher Net Sales and an improved Gross Profit margin. Strong results from our overseas subsidiary, Evergreen Engineering & Construction, also contributed. Although SG&A expenses increased due to changes in administrative structure, higher personnel costs, and additional provisions, operating profit, ordinary profit, and profit attributable to owners of parent all posted significant year-on-year growth.
（Unit: Millions of Yen）
FY2024
Results
FY2025
Plan
Q3
Results
Q3
Results
Progress(%)
Progress(%)
YoY
(%)
Consolidated
Orders
180,624
134,308
95.1
197,500
169,791
86.0
+35,482
+26.4
Net Sales
167,005
115,300
75.0
174,600
128,158
73.4
+12,858
+11.2
Gross
Profit
17,991
12,588
78.2
19,940
15,457
77.5
+2,868
+22.8
Profit margin
10.8%
10.9%
-
11.4%
12.1%
-
+1.2P
-
SG&A expenses
10,170
7,271
71.5
12,390
8,278
66.8
+1,006
+13.8
Operating Profit
6,867
5,316
89.7
7,550
7,179
95.1
+1,862
+35.0
Profit margin
4.1%
4.6%
-
4.3%
5.6%
-
+1.0P
-
Profit attributable to owners of parent
4,692
3,511
87.3
5,000
4,867
97.4
+1,356
+38.6
Net assets*1
45,708
44,247
-
48,200
48,150
-
+3,903
+8.8
Construction Work
Carried Forward
199,833
203,863
-
-
244,030
-
+40,166
+19.7
ROE
10.1%
-
-
10.6%
-
-
-
ROIC
7.1%
-
-
7.6%
-
-
-
Dividend ratio
70.4%
-
-
70.1%
-
-
-
Dividend (amount)
41.0円*2
-
-
43.5円*3
-
-
-
*1 Excluding Non-Controlling Interests
*2 Starting from FY2024, we introduced an interim dividend system. For FY2024, out of the total Dividend (amount) of ¥41.0 per share, an interim dividend of ¥15.0 was paid at the end of the second quarter.
*3 For FY2025, the company plans to pay an interim dividend of ¥16.0 per share at the end of the second quarter, out of the total projected annual dividend of ¥43.5 per share.
1
Financial Results and Shareholder Returns
-
Upward Revision to Financial Results Forecast
We revised upward our full-year consolidated financial results forecast-including orders, net
sales, and profits-compared with the initial forecast (February 10, 2026).
（Unit: Millions of Yen）
FY2024
Results
FY2025
Initial Forecast
FY2025
Revised Forecast
Comparison with Initial Forecast
(%)
Consolidated
Orderｓ
180,624
151,500
197,500
+46,000
+30.4
Net Sales
167,005
170,300
174,600
+4,300
+2.5
Operating Profit
6,867
7,030
7,550
+520
+7.4
Ordinary Profit
6,545
6,820
7,370
+550
+8.1
Profit attributable to owners of parent
4,692
4,770
5,000
+230
+4.8
Earnings per Share (JPY)
58.21
59.17
62.00
ー
ー
1
Financial Results and Shareholder Returns
Upward Revision to Dividend Forecast (Increase)
Based on recent financial results trends and our shareholder return policy under the medium-term three-year plan-which targets a consolidated dividend ratio of 70% or higher-we have raised our year-end dividend forecast to ¥27.50 per share, ¥2.00 higher than the initial forecast.
As a result, the annual dividend forecast for the fiscal year ending March 2026 is ¥43.50 per share, which is also ¥2.50 above the annual dividend results for the fiscal year ended March 2025.
Dividend per Share
End of Q2
Year-end
Total
Initial Forecast
（announced May 14, 2025）
¥16.00
¥25.50
¥41.50
Revised Forecast
ー
¥27.50
¥43.50
Results (Current FY)
¥16.00
(Reference) Previous FY Results (FY ended March）
¥15.00
¥26.00
¥41.00
※The year-end Dividend will be formally determined by a resolution at the 91st Annual General Meeting of Shareholders scheduled
to be held in late June 2026.
1
Financial Results and Shareholder Returns
Shareholder Returns
Under the current three-year medium-term plan, we aim to maintain a dividend payout ratio of over 70%. Additionally, to create a more accessible investment environment, we have introduced a stock split and a semi-annual dividend system.
Trends in Dividend Payments and Payout Ratios
45.0
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
90.0%
78.1%
73.3%
70.0%
70.4%
43.5
42.5
41.0
*2
50.0%
40.5%
30.3%
25.7
28.2
26.0
27.4
18.0
13.0
10.0
15.3
16.0
16.0
21.6
27.5
25.5
35.0
36.3
38.2
40.6
80.0%
70.0%
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%
0.0
（Unit: JPY） FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Initial Plan*30.0%
*1 Figures have been adjusted to reflect the stock consolidation (10-to-1) on October 1, 2018, the 2-for-1 stock split on August 1, 2022,
and the 5-for-1 stock split on August 1, 2024
*2 Interim dividend: ¥15.0, Year-end dividend: ¥26.0
Actual Results Dividend Payout RatioThree-Year Medium-Term Plan
*3 The initial plans disclosed under each of the medium-term three-year management plans starting in FY2018, FY2021, and FY2024 are presented. However, as the dividend amount for FY2025 was not disclosed in the current medium-term plan, the projected amount disclosed in the financial results announcement dated May 14, 2025, is shown instead.
Policy | While securing funds for strategic investments, we remain committed to maintaining a dividend payout ratio of 70% or higher, in line with our previous medium-term management plan. |
Dividend Criteria | Criteria: Dividend payout ratio of 70% or higher |
Dividend Amount (JPY) | Dividend for the Final Fiscal Year：¥42.5 per share (announced May 14, 2024) |
Other Information |
|
1
Financial Results and Shareholder Returns
Shareholder Returns
Recent Stock Price Performance (approximately 7.5 years since the start of the Mid-term 3-Year Plan two terms ago), compared with TOPIX for reference
Rate of Change in Stock Price
Stock Price Information
250%
200%
150%
Based on the closing price as
of February 20, 2026
Asanuma Corporation：192％ TOPIX：125％
Closing Price as of February 20, 2026
¥1,135
100%
Market Capitalization
¥91.7 billion
50%
0%
-50%
PBR
1.90ｘ
-100%
2018/4 2018/10 2019/4 2019/10 2020/4 2020/10 2021/4 2021/10 2022/4 2022/10 2023/4 2023/10 2024/4 2024/10 2025/4 2025/10
PER
2.5x
2.0x
1.5x
PBR Trend
Asanuma Corporation (1852) Stock Price
TOPIX
18.31ｘ
Dividend per Share (Company Forecast)
¥43.5
1.0x
0.5x
2018/4 2018/10 2019/4 2019/10 2020/4 2020/10 2021/4 2021/10 2022/4 2022/10 2023/4 2023/10 2024/4 2024/10 2025/4 2025/10
Dividend Yield
3.83％
Dividend ratio of 30% or higher
Mid-term 3-Year Plan (Two Terms Ago)
Dividend ratio of 70% or higher
Previous Mid-term 3-Year Plan Current Mid-term 3-Year Plan
1
Financial Results and Shareholder Returns
Breakdown of Orders (Non-consolidated basis) - Public / Private Sector
On a Non-consolidated basis (domestic*1), orders increased significantly year-on-year (+30.5%).
In both the building and civil engineering segments, orders from public and private sector clients increased substantially year-on-year.
（Unit: Millions of Yen）
FY2024
Q3 Results
Domestic
(Non-consolidated basis)
Total (Building & Civil Engineering)
124,813
Public Sector
20,990
Private Sector
103,823
Building
111,769
Public Sector
11,713
Private Sector
100,055
Civil Engineering
13,044
Public Sector
9,276
Private Sector
3,767
Overseas Subsidiaries
consolidated basis
9,495
134,308
FY2025
Q3 Results
YoY(%)
162,871
+30.5
38,571
+83.8
124,299
+19.7
134,071
+20.0
26,841
+129.1
107,230
+7.2
28,800
+120.8
11,730
+26.5
17,069
+353.0
6,920
169,791
△27.1
+26.4
Building Public Sector
Building Private Sector
Civil Engineering Public Sector Civil Engineering Private Sector 11%
16%
7%
8%
9%
3%
80%
66%
Outer：FY2025 Q3
Inner：FY2024 Q3
*1 Although figures include data from Guam, more than 99% relate to domestic projects. This applies throughout the subsequent pages as well
1
Financial Results and Shareholder Returns
Breakdown of Orders (Non-consolidated basis) - by Type of Projects
Others
5%
Factories
10%
Educational and Research Facilities
12%
Offices
14%
Warehouses
23%
Hotels
19%
82%
Others
7%
Railways
11%
Roads
14%
Land
electric power line
31%
Erosion and
Residential Buildings
17%
18%
Development
18%
Flood Control
19%
Warehouses
30,977
Hotels
25,839
Residential Buildings
22,749
Offices
18,873
Educational and Research
Facilities
15,542
Factories
13,903
Others
6,187
Total
134,071
Building Construction (Domestic)
Ord用ers途by別Pr受oje注ct高Type
electric power line
8,876
Erosion and Flood Control
5,500
Land Development
5,116
Roads
3,894
Railways
3,292
Others
2,120
Total
28,800
Civil Engineering (Domestic)
（Unit: Millions of Yen）
2 Initiatives in Q3 FY2025
© 2026 Asanuma Corporation. 11
2 Initiatives in FY2025 Q3
Themes of the Three-Year Medium-Term Plan
Six themes were selected as the themes we will focus on during the three years of the plan.
As one of the recent key initiatives, the following pages outline the progress of measures under Themes 2, 3, 5, and 6.
For being a more
Environment
surrounding the construction industry in Japan
Improving the renovation
vibrant organization
2 3Acquiring, retaining and developing talent
4
PrPormomotoiotingofDDXX
Realizing comfortable,
Aging and shortage of human resources
Decrease in long-term construction investments
Growing demand for sustainability management
business in Japan and other countries, which was launched and strengthened during the previous three-year
medium-term plan
Strengthening the renovation business
efficient operations
5Expanding building construction*1 and civil engineering businesses more strategically
and efficiently
1
Strengthening domestic
core businesses
6Contributing to
StrEennhgatnhceinnigng ggoovveerrnnaannccee,, ccoommpplliiaannccee aanndd rirsiskkmmaannaaggeemmeenntt
As a member of
For the peace of mind of all stakeholders
the environment
and society
nature and society
Long-term Vision*2
Our Founding Philosophy
A company which works to improve the satisfaction of customers, partner companies, shareholders and employees and contributes to the global environment and society
Spirit of Harmony
and Sincerity, Enthusiasm and Creativity
*1. Refers mainly to new construction
*2. What we want to be as of the 140th anniversary of our founding (FY2031 (January 20, 2032)). The long-term vision, philosophy, policy and other matters were revised in April 2024. For details, see page 17.
© 2025 Asanuma Corporation. 12
2
Initiatives in FY2025 Q3
Initiatives by Strategic Theme （1/4）
Thテemーe マ
(what we w（il3l fo年cu間s oでn d注uri力ngすtheるthこreeとye）ars)
Key Initiatives
Strengthening the renovation business
2
GOOD CYCLE through Environmentally Conscious Technologies
We are conducting research to actively incorporate natural materials such as soil and wood into modern architecture, aiming not only to contribute to decarbonization and the achievement of SDGs, but also to enhance design quality and added value. As part of these efforts, The "Earth-Returning Bricks" and the "3D Layered Clay-Wood Wall," developed by us, have obtained patents*1.
Earth-Returning Bricks
3D Layered Clay-Wood Wall
Promote new utilization of excavated soil
from construction site
Reception Room on the First Floor of the Nagoya Branch
Imomatsu Store on the Second Floor of Senkyakubanrai
*1 Earth-Returning Bricks (Patents: 7676190, 7676191) and、3D Layered Clay-Wood Wall (Patent: 7723873)
2
Initiatives in FY2025 Q3
Initiatives by Strategic Theme （1/4）
Thテemーe マ
(what we w（il3l fo年cu間s oでn d注uri力ngすtheるthこreeとye）ars)
Key Initiatives
Strengthening the renovation business
2
The "Earth-Returning Bricks" received the "Soil and Green Future Award" in the
Resource Circulation at TSUCHI（Soil） EXPO 2025 OSAKA.
A retail store incorporating the 3D Layered Clay-Wood Wall design received the Good Design Award 2025.
The 3D Layered Clay-Wood Wall also received the Gold Award in the NEXTAGE category of the JID AWARD 2025 (Awards by Japan Interior Designers' Association).
Imomatsu Store
on the Second Floor of Senkyakubanrai
Measures o中f T期hr３eヵe-年Ye計ar画Mのed施iu策m-Term Plan
Strengthening ReQuality,
our renovation business brand
Strengthening the renovation business in the ASEAN region
ZEB Renovation of the Technical Research Institute Using Natural Materials
Achieving the practical use of renovation-related technologies and promoting the technologies
(advanced technologies for building deterioration diagnosis, etc.)
2
Initiatives in FY2025 Q3
Initiatives by Strategic Theme （2/4）
Thテemーe マ
(what we w（il3l fo年cu間s oでn d注uri力ngすtheるthこreeとye）ars)
Key Initiatives
Acquiring, retaining and developing human resources
3
【Acquiring】 Strengthening the Company's Branding and PR Activities
We responded to media coverage related to the dismantling of the Netherlands Pavilion at Expo 2025 Osaka, Kansai.
Sponsorship of "Hiroshima Architecture Exhibition 2025," a major event featuring
prominent architects
We provided sponsorship for an installation themed on circularity by Norihisa Kawashima,
our advisor and one of the exhibiting architects.
【 Acquiring • retaining 】Gradual Introduction of the
"Wellness Container" ＊1at Construction Site Offices
To support the physical and mental well-being of employees working on the front lines at construction sites, we developed the "Wellness Container" and have begun rolling it out across site offices.
Measures o中f T期hr３eヵe-年Ye計ar画Mのed施iu策m-Term Plan
Strengthening recruitment measures
Securing diverse human resources (including women, non-Japanese people and aged people)
Encouraging employees to take holidays and reduce overtime work
Improving the labor environment of work sites and
promoting the closure of work sites
Reviewing and enhancing the content of training programs
Strengthening our branding and PR
*1 An initiative to transform the conventional, inorganic container houses used at construction sites into warm and comfortable spaces by incorporating natural materials and ambient natural sounds.
2
Initiatives in FY2025 Q3
Initiatives by Strategic Theme （3/4）
Thテemーe マ
(what we w（il3l fo年cu間s oでn d注uri力ngすtheるthこreeとye）ars)
K主eyなIn取itりia組tivみes
Strengthening governance, compliance and risk management
5
Issuance of the "INTEGRATED REPORT 2025"
The report integrates our top management message, special features, the Group's management strategy, Financial Information, and ESG Initiatives, with the aim of enhancing stakeholders' understanding of the Company.
Strengthening communication with shareholders
and investors. *1
By hosting events on-site and utilizing live streaming formats, we are sharing our business activities with a broader range of investors
Earnings Presentation Hosted by Nikko Investor Relations
(Scene from the live broadcast)
Corporate IR & Individual Investor Meeting Event Co-hosted by Radio NIKKEI and Pronexus (Scene from the Kobe venue)
Measures of Three-Year Medium-Term Plan
Strengthening governance further
(including governance of overseas subsidiaries)
Enhancing communication with shareholders and investors
Ensuring compliance and enhancing compliance awareness
Enhancing safety measures (for aged workers) and increasing safety awareness
Reinforcing the information security structure and systems and increasing awareness of information security
*1 26 meetings with shareholders and institutional investors、 3 financial results briefings (including on-demand video sessions)、 3 briefings for individual investors (FY2024)
2
Initiatives in FY2025 Q3
Initiatives by Strategic Theme （4/4）
Thテemーe マ
(what we w（il3l fo年cu間s oでn d注uri力ngすtheるthこreeとye）ars)
Key Initiatives
FY1990
FY2000
FY2005
FY2010
FY2015
FY2024
FY2030
FY2040
FY2050
△47% （Compared to FY2021 *3）
△15% （Compared to FY2021 *3）
FY2050 Objectives
△35% （Compared to FY2021 *3）
450,728 t-CO2
Environmental and social contribution
6
Obtained third-party assurance toward acquiring SBT *1certification.
Obtained third-party assurance for the calculation Results of GHG (greenhouse gas) emissions for FY2024*2
Asanuma Corporation's greenhouse gas reduction targets
have been certified by the SBT initiative.
CO₂ Reduction Targets and Results at Construction Sites
（Scope1＋2） （Scope3）
CO₂ Emissions, Total Reduction Rate, Scope 3 Category 11
FY2024 Results
△47% （Compared to FY2021 *3）
366,658 t-CO2
FY2030 Objectives
△15% （Compared to FY2021 *3）
589,414 t-CO2
※2
FY2050 Objectives
△35% （Compared to FY2021 *3）
450,728 t-CO2
Measures of Three-Year Medium-Term Plan
Intensity Reduction Target: ▲90% Total Reduction Target: ▲95%
Intensity Reduction Target: ▲60% Total Reduction Target: ▲78%
Baseline Year Emissions Intensity：30 (t-CO₂ per 100 million yen) Total：74 (thousand t-CO₂)
FY2024 Results Intensity: 12.6 (t-CO₂ per 100 million yen) Total: 19.6 (thousand t-CO₂)
Total CO₂ Emissions (thousand t-CO₂)
CO₂ Emission Intensity (t-CO₂ per 100 million yen)
Implementing initiatives related to environmental consideration, resource circulation and health (pushing forward with the GOOD CYCLE PROJECT, Eco-Friendly ASANUMA 21, etc.)
Suggesting high-value added designs, materials, etc.,
Acquiring SBT certification
Verifying and expanding health science in
construction technologies
Building and reinforcing foundations for promoting ZEB and ZEH
such as eco-friendly materials and designs
*1 SBT stands for 'Science Based Targets,' which refers to greenhouse gas emission reduction targets set by companies for a target year 5 to 10 years in the future, aligned with the level required under the Paris Agreement (Source: Ministry of the Environment website
*2 Calculation：30×（1-0.6）＝12
*3 FY2021 Emissions 693,428 t-CO2
© 2026 Asanuma Corporation. 17
2
Initiatives in FY2025 Q3
Progress on KPIs by Strategic Theme
KPIs have been established for each strategic theme. FY2024 results indicate solid progress toward achieving our targets by
the end of FY2026.
Theme
(what we will focus on during the three years)
Financial/non-financial KPI
Target for the End of FY2026 FY2024 Results
Supplementary Information
on FY2024 Results
Strengthening
core Businesses in Japan
Strengthening
the renovation
business
Customer Satisfaction Score
Ratio of operating income from renovation business to consolidated operating income
80 points or higher
(Average of the last two fiscal years)
40 %
or higher
79.9 points
※Average of FY2023 and
FY2024
※ Calculated based on data received as of the end of March
45.3%
Continuing from the previous year, it has maintained a high level (up 0.2 points year on year)
In FY2023, we secured several large-scale and high-margin renewal projects in Japan, which contributed to operating profit in FY2024.
3
4 DX
5
Acquiring, retaining and developing Human resources
Promotion of DX
Strengthening governance, compliance and risk management
Engagement Score
Gross profit per hour of work
Number of serious legal or regulatory violations
Fatal Accident
70 points or higher
6,000 yen or higher
0 cases
0 cases
△75%
69.6 points
6,722 yen
0 cases
0 cases
△73%
An increase of 1.4 points compared to the previous year
Scores for employee engagement items-such as 'I am truly grateful to be working at this company'-showed an upward trend.
Reduction in Working Hours and Increase in Gross Profit
Focused on Strengthening Compliance Training
Implemented safety training leveraging digital transformation (DX)
Progress on Scope 1 and 2 emissions reduction is on track.
6
Environmental and
social contribution
CO2 emission reduction rate
Scope 1 and 2
Scope 3
Category 11
(compared to FY1990)
△8%
(compared to FY2021)
(compared to FY1990)
△47%
(compared to FY2021)
Category 11 saw a significant decline due to a decrease in the number of project completions in FY2024. This is a temporary phenomenon caused by longer construction periods resulting from larger-scale projects.
© 2025 Asanuma Corporation. 18
Appendix© 2026 Asanuma Corporation. 19
1 2025年度 第3四半期 業績（連結）
Appendix 1/7
受注高・・・国内建築においては新築の倉庫・住宅、事務所のリニューアル、また国内土木おいても電線路等の大型案件が積み上がり、前年同期比+35,482百万円、同+26.4％
売上高・・・国内建築の倉庫・工場や集合住宅を中心とした豊富な大型繰越工 事、および、海外子会社EVERGREENの売上が順調に進捗し、前年同期比+12,858百万円、同+11.2％
利 益・・・売上高の増加および売上総利益率の改善により、売上総利益額は前年 同期比+2,868百万円、同+22.8％。販管費については
管理体制の変更やベア等による国内人件費の増加、及び引当費用の増加等 により前年同期比＋1,006百万円、同+13.8％となったが、
営業利益・経常利益・四半期純利益ともに前年同期比大幅増
2024/3期
3Ｑ実績
2025/3期
3Ｑ実績
2026/3期
3Q実績
前期比
増減率
受注高
127,132
134,308
169,791
35,482
26.4%
売上高
111,612
115,300
128,158
12,858
11.2%
完成工事高
その他
109,298
2,314
113,037
2,262
125,499
2,658
12,462
396
11.0%
17.5%
売上総利益
9,823
12,588
15,457
2,868
22.8%
率
8.8%
10.9%
12.1%
1.2P
-
完成工事利 益
9,153
12,047
14,702
2,654
22.0%
率
8.4%
10.7%
11.7%
1.0P
-
その他利益
669
540
754
213
39.6%
率
28.9%
23.9%
28.4%
4.5P
-
販管費
7,205
7,271
8,278
1,006
13.8%
営業利益
2,617
5,316
7,179
1,862
35.0%
率
2.3%
4.6%
5.6%
1.0P
-
経常利益
2,742
5,371
7,048
1,677
31.2%
率
2.5%
4.7%
5.5%
0.8P
-
親会社株主に 帰属する
1,591
3,511
4,867
1,356
38.6%
四半期純利 益
率
1.4%
3.0%
3.8%
0.8P
-
2024/3期
期末実 績
2025/3期
期末実 績
2026/3期
3Q実績
前期末 比
増減率
資産合計
101,251
115,240
111,287
△3,952
△3.4%
流動資産
固定資産
83,229
18,022
97,664
17,576
93,393
17,894
△4,270
317
△4.4%
1.8%
負債合計
52,545
69,102
62,716
△6,385
△9.2%
内 借入金（社 債含）
14,984
21,558
16,011
△5,546
△25.7%
流動負債
45,181
52,885
45,254
△7,631
△14.4%
内短期借入金（ 社債含）
12,126
9,946
3,056
△6,890
△69.3%
固定負債
7,363
16,216
17,462
1,246
7.7%
内長期借入金（ 社債含）
2,858
11,611
12,955
1,343
11.6%
純資産
48,705
46,138
48,570
2,432
5.3%
株主資本
その他の包 括利益非支配株主分
44,251
3,371
1,083
42,411
3,296
430
43,964
4,186
420
1,552
889
△9
3.7%
27.0%
△2.3%
自己資本比率
47.0%
39.7%
43.3%
3.6P
-
■損益計算書（累計） ■貸借対照表 （ 単位：百万円）
Appendix 2/7
2
2025年度 第3四半期 業績（個別）
2024/3期
3Ｑ実績
2025/3期
3Ｑ実績
2026/3期
3Q実績
前期比
増減率
受注高
113,931
124,813
162,871
38,058
30.5%
建築
土木
101,034
12,896
111,769
13,044
134,071
28,800
22,302
15,756
20.0%
120.8%
売上高
101,804
107,693
116,624
8,931
8.3%
完成工事高
101,496
107,354
116,315
8,960
8.3%
建築
土木
86,788
14,707
93,098
14,255
97,110
19,204
4,012
4,948
4.3%
34.7%
その他
308
338
308
△29
△8.8%
売上総利益
7,714
11,032
13,338
2,305
20.9%
率
7.6%
10.2%
11.4%
1.2P
-
完成工事利 益
7,620
10,928
13,240
2,311
21.1%
率
7.5%
10.2%
11.4%
1.2P
-
建築
5,631
9,168
10,898
1,730
18.9%
率
6.5%
9.8%
11.2%
1.4P
-
土木
1,988
1,760
2,341
581
33.0%
率
13.5%
12.3%
12.2%
△0.1P
-
その他利益
93
104
98
△5
△5.3%
率
30.4%
30.7%
31.9%
1.2P
-
販管費
6,409
6,450
7,355
904
14.0%
人件費
経費
3,505
2,903
3,514
2,936
3,841
3,514
326
578
9.3%
19.7%
営業利益
1,305
4,582
5,983
1,400
30.6%
率
1.3%
4.3%
5.1%
0.8P
-
経常利益
1,464
4,540
6,365
1,825
40.2%
率
1.4%
4.2%
5.5%
1.3P
-
四半期純利益
846
2,946
4,495
1,549
52.6%
率
0.8%
2.7%
3.9%
1.2P
-
2024/3期
期末実 績
2025/3期
期末実 績
2026/3期
3Q実績
前期末 比
増減率
資産合計
92,463
107,963
103,365
△4,597
△4.3%
流動資産
固定資産
73,119
19,343
86,053
21,910
80,988
22,377
△5,064
467
△5.9%
2.1%
負債合計
47,537
64,005
57,291
△6,714
△10.5%
内 借入金（ 社債含）
13,100
20,000
14,700
△5,300
△26.5%
流動負債
41,932
49,286
41,072
△8,214
△16.7%
内短期借入金（ 社債含）
11,800
9,610
2,710
△6,900
△71.8%
固定負債
5,604
14,719
16,219
1,500
10.2%
内長期借入金（ 社債含）
1,300
10,390
11,990
1,600
15.4%
純資産
44,926
43,958
46,074
2,116
4.8%
株主資本
評価･換算差額等
42,528
2,398
41,928
2,029
43,108
2,965
1,180
935
2.8%
46.1%
自己資本比率
48.6%
40.7%
44.6%
3.9P
-
■損益計算書（累計） ■貸借対照表 （ 単位：百万円）
3 2025年度 第3四半期 関係会社の状況
Appendix 3/7
SINGAPORE PAINTS社 ・・・前期および今期の受注の苦戦により、売上高、利益ともに前年 同期比減
EVERGREEN社 ・・・前期受注した大型案件の順調な進捗等により、売上高、利益と もに前年同期比大幅増。利益については通期計画を達成
その他関係会社 ・・・各社ともに堅調に推移
Appendix 4/7
Appendix 5/7
5
2025年度 第3四半期 受注の状況(個 別)
（単位：百万円）
2025/3期 | 2026/3期 | ||||
3Q実績 | 構成比 | 3Q実績 | 構成比 | 前期比 | |
2025/3期 | 2026/3期 | ||||
3Q実績 | 構成比 | 3Q実績 | 構成比 | 前期比 | |
■発注者別（建築） ■発注者別（土木）
国 | 5,276 | 45.0% | 1,540 | 5.7% | △3,735 | ||||
独立行政法 人等 | 3,250 | 27.7% | 20,348 | 75.8% | 17,098 | ||||
中央 | 8,526 | 72.8% | 21,888 | 81.5% | 13,362 | ||||
都 | 道 府 | 県 | 143 | 1.2% | 1,995 | 7.4% | 1,852 | ||
市 | 区 町 村 | 等 | 3,044 | 26.0% | 2,956 | 11.0% | △87 | ||
地方 | 3,187 | 27.2% | 4,952 | 18.5% | 1,764 | ||||
官庁 | 11,713 | 100.0% | 26,841 | 100.0% | 15,127 | ||||
食 品 工 業 | 164 | 0.2% | 473 | 0.4% | 309 | ||||
化 学 工 業 | 6,619 | 6.6% | 4,285 | 4.0% | △2,333 | ||||
鉄 鋼 業 | 1,151 | 1.2% | 286 | 0.3% | △865 | ||||
電気機械工業 | 325 | 0.3% | 26 | 0.0% | △298 | ||||
輸送用機械 工業 | 8,766 | 8.8% | 4,715 | 4.4% | △4,051 | ||||
その他機械 工業 | 2,617 | 2.6% | 4,552 | 4.2% | 1,934 | ||||
その他製造業 | 716 | 0.7% | 2,299 | 2.1% | 1,582 | ||||
製造業 | 20,361 | 20.4% | 16,639 | 15.5% | △3,721 | ||||
鉱業・ 建設業 | 13,039 | 13.0% | 7,136 | 6.7% | △5,903 | ||||
電気・ガス・熱供 給･水道業 | 1 | 0.0% | 10 | 0.0% | 8 | ||||
情 報 通 信 業 | 984 | 1.0% | 285 | 0.3% | △699 | ||||
運 輸 業 | 10,372 | 10.4% | 2,300 | 2.1% | △8,072 | ||||
卸売・ 小売業 | 2,068 | 2.1% | 4,406 | 4.1% | 2,337 | ||||
金融・ 保険業 | 174 | 0.2% | 139 | 0.1% | △34 | ||||
不 動 産 業 | 46,661 | 46.6% | 46,966 | 43.8% | 305 | ||||
サ ー ビ ス 業 | 4,784 | 4.8% | 28,326 | 26.4% | 23,541 | ||||
そ の 他 | 1,605 | 1.6% | 1,018 | 1.0% | △586 | ||||
非製造業 | 79,694 | 79.6% | 90,590 | 84.5% | 10,896 | ||||
民間 | 100,055 | 100.0% | 107,230 | 100.0% | 7,174 | ||||
合計 | 111,769 | 134,071 | 22,302 | ||||||
国 | 2,923 | 31.5% | 5,974 | 50.9% | 3,051 | ||||
独立行政法 人等 | 1,124 | 12.1% | 4,357 | 37.1% | 3,233 | ||||
中央 | 4,047 | 43.6% | 10,332 | 88.1% | 6,284 | ||||
都 | 道 府 | 県 | 1,974 | 21.3% | 85 | 0.7% | △1,889 | ||
市 | 区 町 村 | 等 | 3,254 | 35.1% | 1,313 | 11.2% | △1,941 | ||
地方 | 5,228 | 56.4% | 1,398 | 11.9% | △3,830 | ||||
官庁 | 9,276 | 100.0% | 11,730 | 100.0% | 2,454 | ||||
食 品 工 業 | - | - | - | - | - | ||||
化 学 工 業 | - | - | - | - | - | ||||
鉄 鋼 業 | - | - | - | - | - | ||||
電気機械工業 | - | - | - | - | - | ||||
輸送用機械 工業 | - | - | - | - | - | ||||
その他機械 工業 | - | - | - | - | - | ||||
その他製造業 | - | - | - | - | - | ||||
製造業 | - | - | - | - | - | ||||
鉱業・ 建設業 | 551 | 14.6% | 565 | 3.3% | 14 | ||||
電気・ガス・熱供 給･水道業 | 475 | 12.6% | 8,889 | 52.1% | 8,413 | ||||
情 報 通 信 業 | - | 0.0% | - | 0.0% | 0 | ||||
運 輸 業 | 1,345 | 35.7% | 3,343 | 19.6% | 1,998 | ||||
卸売・ 小売業 | 2 | 0.1% | - | 0.0% | △2 | ||||
金融・ 保険業 | - | 0.0% | - | 0.0% | 0 | ||||
不 動 産 業 | 625 | 16.6% | 2,603 | 15.3% | 1,978 | ||||
サ ー ビ ス 業 | 767 | 20.4% | 1,668 | 9.8% | 900 | ||||
そ の 他 | - | 0.0% | - | 0.0% | 0 | ||||
非製造業 | 3,767 | 100.0% | 17,069 | 100.0% | 13,302 | ||||
民間 | 3,767 | 100.0% | 17,069 | 100.0% | 13,302 | ||||
合計 | 13,044 | 28,800 | 15,756 | ||||||
Appendix 5/7
5
2025年度 第3四半期 受注の状況(個別)
Appendix 6/7
6
2025年度 第3四半期 完成工事 の状況(個別)
（単位：百万円）
Appendix 6/7
6
2025年度 第3四半期 完成工事 の状況(個別)
（単位：百万円）
Appendix 7/7
7
2025年度 第3四半期 繰越工事の状況(個別)
（単位：百万円）
7 2025年度 第3四半期 繰越工事の状況(個別)
Appendix 7/7
Contact Information
Corporate Strategy and Planning Headquarters Corporate Communications Division
Asanuma Corporation
MAIL asanuma_ir@asanuma.co.jp
TEL 06-6585-5500
FAX 06-6585-5556
Asanuma Corporation Integrated Report 2024
https://www.asanuma.co.jp/csr/report.html
Official Corporate Instagram
The plans, forecasts, and forward-looking statements contained in this document are based on the Company's strategies, objectives, assumptions, and premises as of the date of publication. Actual results may differ materially from these statements due to various factors.