(Stock code: 1982)
Earnings Announcement Materials for the First Quarter of the Fiscal Year Ending March 31, 2025
August 8, 2024
Financial Highlights (consolidated)
- Orders received reflected a strategical approach of assessing the level and period of construction carried over, as well as how it would be organized.
- Net sales increased year on year on the back of steady progress in construction carried over from the previous fiscal year.
- Profits rose year on year, reflecting an improvement in profitability mainly due to enhanced profit management implemented since the receipt of orders and improved efficiency in construction, in addition to increased net sales.
(Billion yen)
2022/6 | 2023/6 | 2024/6 | YoY | YoY (%) | |
Orders received | 19.0 | 21.3 | 16.5 | -4.7 | -22.1% |
Net sales | 12.4 | 16.1 | 17.5 | +1.3 | +8.5% |
Gross profit | 1.7 | 2.3 | 2.9 | +0.6 | +28.2% |
Gross profit ratio | 14.0% | 14.4% | 17.0% | － | +2.6% |
Operating profit | -0.1 | 0.4 | 0.9 | +0.5 | 139.6% |
Ordinary profit | 0.1 | 0.7 | 1.2 | +0.4 | +54.4% |
Profit attributable | 0.1 | 0.5 | 0.8 | +0.2 | +53.2% |
to owners of parent | |||||
2023/3 | 2024/3 | 2025/3 | |
Actual | Actual | Forecast | |
(Full year) | (Full year) | (Full year) | |
87.3 | 105.5 | 88.5 | |
83.9 | 83.7 | 91.0 | |
15.1 | 14.9 | － | |
18.0% | 17.8% | － | |
5.9 | 5.7 | 5.9 | |
6.6 | 6.4 | 6.6 | |
4.6 | 4.8 | 4.6 | 2 |
Orders Received (1):
By Customer and By Category (consolidated)
- In the first quarter, orders for large-scale private sector construction projects were lackluster.
25.0 | By customer | (Billion yen) | ||
21.3 | ||||
20.0 | 19.0 | 2.1 | ||
1.5 | 16.5 | |||
15.0 | 11.0 | 2.1 | ||
9.2 | 3.0 | |||
10.0 | ||||
3.9 | ||||
0.7 | 0.3 | |||
5.0 | ||||
7.4 | 7.7 | 7.3 | ||
0.0
2022/62023/62024/6
NTT Group | Public sector | Private sector | Other * | |||
25.0 | By category | (Billion yen) | ||
21.3 | ||||
20.0 | 19.0 | 2.1 | ||
1.5 | 3.3 | 16.5 | ||
3.6 | ||||
15.0 | 2.1 | |||
4.4 | 2.5 | |||
4.1 | 2.2 | |||
10.0 | ||||
11.3 | ||||
5.0 | 9.6 | 9.6 | ||
0.0
2022/62023/62024/6
Air conditioning Plumbing and sanitation Electrical Other*
* Orders received by consolidated subsidiaries | 3 |
Orders Received (2): By Facility Category (non-consolidated)
- In the first quarter, orders related to large-scale data centers were lackluster.
Trend in orders received (non-consolidated) | (Billion yen) | |||||||||
20.0 | ||||||||||
19.1 | ||||||||||
Data centers/Information 18.0 | 17.4 | |||||||||
16.0 | ||||||||||
Office buildings | 14.4 | |||||||||
14.0 | ||||||||||
9.2 | 13.8 | |||||||||
12.0 | ||||||||||
Manufacturing/Distribution | 5.8 | |||||||||
10.0 | ||||||||||
Education/Health care | 8.0 | |||||||||
4.1 | ||||||||||
6.0 | ||||||||||
4.8 | ||||||||||
Hotels/Resorts | 4.0 | 1.4 | 4.0 | 0.4 | ||||||
2.0 | 3.3 | |||||||||
Other | 0.5 | 0.4 | 0.5 | 0.1 | 0.1 | 0.4 | ||||
1.3 | ||||||||||
0.0 | 0.2 | |||||||||
2022/6 | 2023/6 | 2024/6 |
4
Orders Received (3): Percentage of Orders Received that are
New Construction and Renovation (non-consolidated)
- In the first quarter, orders for large-scale new construction projects from the private sector in particular were lackluster.
25.0
Renovation
20.0
New construction
15.0
10.0
5.0
0.0
Trend in the percentage of orders received that are | |
new construction and renovation (non-consolidated) | (Billion yen) |
19.1
17.4
14.4 | |||
8.6 | 11.3 | ||
(59.1%) | |||
(49.3%) | |||
11.0 | |||
(76.1%) | |||
8.8 | 7.8 | ||
(50.7%) | |||
(40.9%) | |||
3.4 | |||
(23.9%) | |||
2022/6 | 2023/6 | 2024/6 |
* Starting with disclosure materials for FY2024, expansion and remodeling are included in renovation projects. 5
Net Sales (1):
By Customer and By Category (consolidated)
- Net sales by both customer and category grew generally in a well-balanced manner.
Net sales by customer (Billion yen)
20.0
18.0 | 16.1 | 17.5 | ||||||||
16.0 | 1.9 | |||||||||
2.0 | ||||||||||
14.0 | ||||||||||
12.4 | ||||||||||
12.0 | ||||||||||
1.4 | 8.1 | |||||||||
10.0 | 7.2 | |||||||||
4.3 | ||||||||||
8.0 | ||||||||||
0.7 | 0.2 | 0.6 | ||||||||
6.0 | ||||||||||
4.0 | ||||||||||
5.9 | 6.6 | 6.8 | ||||||||
2.0 | ||||||||||
0.0 | ||||||||||
2022/6 | 2023/6 | 2024/6 | ||||||||
NTT Group | Public sector | Private sector | Other* | |||||||
Net sales by category (Billion yen)
20.0 | ||||||||||||
18.0 | 16.1 | 17.5 | ||||||||||
16.0 | 1.9 | |||||||||||
2.0 | 2.3 | |||||||||||
14.0 | ||||||||||||
12.4 | 2.2 | |||||||||||
12.0 | ||||||||||||
1.4 | 4.5 | |||||||||||
10.0 | 2.1 | 4.0 | ||||||||||
8.0 | ||||||||||||
2.2 | ||||||||||||
6.0 | ||||||||||||
8.6 | ||||||||||||
4.0 | 7.8 | |||||||||||
6.6 | ||||||||||||
2.0 | ||||||||||||
0.0 | ||||||||||||
2022/6 | 2023/6 | 2024/6 | ||||||||||
Air conditioning | Plumbing and sanitation | Electrical | Other* | |||||||||
* Sales earned by consolidated subsidiaries | 6 |
Net Sales (2): By Facility Category (non-consolidated)
- Steady progress was made in construction carried over from the previous fiscal year (mainly projects related to data centers and redevelopment).
16.0
Data centers/Information
14.0 | ||
Office buildings | 12.0 | |
10.0 | ||
Manufacturing/Distribution | 8.0 | |
Education/Health care | 6.0 | |
Hotels/Resorts | 4.0 | |
2.0 | ||
Other | 0.0 | |
Trend in net sales (non-consolidated)
(Billion yen)
15.5
14.1
11.0 | 7.1 | |||||
6.4 | ||||||
4.7 | ||||||
3.6 | 2.8 | 4.0 | ||||
1.7 | 1.5 | |||||
1.0 | 1.2 | 0.5 | ||||
1.6 | ||||||
0.7 | 1.5 | |||||
0.3 | 0.2 | 0.5 | ||||
0.4 | ||||||
2022/6* | 2023/6 | 2024/6 |
* Net sales by facility category for FY2022 reflect estimates. | 7 |
Net Sales (3): Percentage of Orders Received that are
New Construction and Renovation (non-consolidated)
- The percentage of new construction remained high in the first quarter, reflecting the larger- than-usual number of new construction projects carried over from the previous fiscal year.
18.0 | |
Renovation | 16.0 |
14.0 | |
New construction | 12.0 |
10.0 | |
8.0 |
6.0
4.0
2.0
0.0
Trend in the percentage of orders received that are | |
new construction and renovation (non-consolidated) | (Billion yen) |
15.5 | |||
14.1 | |||
11.0 | 8.3 | ||
7.7 | (53.7%) | ||
(55.2%) |
7.9
(71.7%)
6.3 | 7.2 |
(46.3%) | |
(44.8%) | |
3.1 | |
(28.3%) |
2022/6 | 2023/6 | 2024/6 |
* Starting with disclosure materials for FY2024, expansion and remodeling are included in renovation projects. 8
Order Backlog by Customer (consolidated)
- Order backlogs continued to hover at high levels.
Order backlog by customer | (Billion yen) | ||||||||||
90.0 | |||||||||||
81.7 | 80.8 | ||||||||||
80.0 | 0.2 | ||||||||||
0.4 | |||||||||||
70.0 | |||||||||||
63.1 | 65.0 | ||||||||||
59.9 | 0.4 | ||||||||||
0.4 | |||||||||||
60.0 | 56.5 | ||||||||||
0.3 | |||||||||||
0.3 | 57.1 | 52.1 | |||||||||
50.0 | |||||||||||
43.3 | 37.6 | 41.3 | |||||||||
40.0 | |||||||||||
38.4 | |||||||||||
30.0 | |||||||||||
4.2 | 5.9 | 9.3 | |||||||||
20.0 | |||||||||||
3.7 | 4.1 | ||||||||||
3.6 | |||||||||||
10.0 | 14.1 | 15.6 | 17.7 | 18.9 | 18.3 | 18.9 | |||||
0.0 | |||||||||||
2022/3 | 2022/6 | 2023/3 | 2023/6 | 2024/3 | 2024/6 | ||||||
NTT Group | Public sector | Private sector | Other* | ||||||||
* Sales earned by consolidated subsidiaries | 9 |
Order Backlog by Category (consolidated)
90.0
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
Order backlog by category | (Billion yen) | |||||
81.7 | 80.8 | |||||
0.2 | ||||||
0.4 | ||||||
13.6 | 13.8 | |||||
63.1 | 65.0 | |||||
59.9 | 0.4 | |||||
0.4 | ||||||
56.5 | ||||||
10.4 | 0.3 | 11.0 | 22.6 | 20.3 | ||
0.3 | 9.9 | |||||
8.9 | ||||||
17.5 | 18.2 | 18.6 | ||||
15.6 | ||||||
45.2 | 46.1 |
31.6 | 34.6 | 31.3 | 34.8 |
2022/3 | 2022/6 | 2023/3 | 2023/6 | 2024/3 | 2024/6 | ||||
Air conditioning | Plumbing and sanitation | Electrical | Other * | ||||||
* Sales earned by consolidated subsidiaries | 10 |