Financial Results Supplementary Materials for the First Quarter of the Fiscal Year Ending March 31, 2024
Contents | ||
１ | Consolidated Pesults and Forecast | Page 1 |
２ | Non-Consolidated Pesults and Forecast | 2 |
３ | Non-Consolidated Construction Orders Peceived and Forecast | 3 |
４ | Non-Consolidated Orders Peceived, Net Sales, and Balance Carried Forward by Business Segment | 4 |
５ | Non-Consolidated Financial Statement | 5 |
（１）Non-Consolidated Balance Sheet | 5 | |
（２）Non-Consolidated Statement or Income | G |
(Note) The forecasts of business performance and construction contracts in this document are based on information available at the time this document was prepared, and actual results may differ from forecasts due to various factors.
Consolidated Pesults and Forecast
(Millions or Yen)
Three-month Period ended June 30
Fiscal Year ended March 31
6ctual results ror 1Q / FY2024
6pril 1, 2024 through
June 30, 2024
③
Pesults ror 1Q / FY2025
6ctual results ror FY2024
③
Previous rorecast ror FY2025
as or 2025/5/14
➃
Forecast
6pril 1, 2025 through
June 30, 2025
©
Change
©-③
ror FY2025
➄
YoY change
➄-③
Dirrerence rrom
previous rorecast
➄-➃
Net sales
Construction business
G2,753
G7,GG3
4,303
284,575
28G,000
28G,000
1,424
-
Civil engineering
23,438
23,G8G
247
33,024
10G,000
10G,000
G,375
-
6rchitectural construction
33,315
43,377
4,GG2
185,551
180,000
180,000
(5,551)
-
Investment development
3,G51
2,128
(1,522)
13,G47
12,500
12,500
(1,147)
-
Total
GG,405
G3,732
3,38G
238,222
238,500
238,500
277
-
Gross profit
8.5%
13.2%
4.7%
11.0%
10.3%
10.3%
(0.1%)
-
Construction business
5,305
8,315
3,G03
31,20G
31,200
31,200
(G)
-
10.3%
1G.3%
G.0%
12.1%
13.4%
13.4%
1.3%
-
Civil engineering
2,413
3,852
1,433
11,3G8
14,200
14,200
2,231
-
7.3%
11.5%
4.2%
10.4%
3.4%
3.4%
(1.0%)
-
6rchitectural construction
2,88G
5,0G2
2,17G
13,237
17,000
17,000
(2,237)
-
13.2%
2G.8%
13.G%
3.5%
14.4%
14.4%
10.3%
-
Investment development
481
570
88
481
1,800
1,800
1,318
-
8.7%
13.G%
4.3%
10.G%
11.1%
11.1%
0.5%
-
Total
5,78G
3,485
3,G38
31,G88
33,000
33,000
1,311
-
General and administrative
expenses
5,G28
5,34G
(281)
21,35G
22,200
22,200
243
-
Operating profit
158
4,133
3,380
3,731
10,800
10,800
1,0G8
-
Non-operating
income/expenses
Non-operating income
1,148
1,341
133
1,753
3,500
3,500
1,740
-
Non-operating expenses
155
1,43G
1,341
2,5G3
1,G00
1,G00
(3G3)
-
Ordinary profit
1,152
3,383
2,831
8,32G
12,700
12,700
3,773
-
Extraordinary income/losses
541
8G0
318
(10,353)
3,000
3,000
13,353
-
Profit before income taxes
1,G33
4,844
3,150
(1,42G)
15,700
15,700
17,12G
-
Income taxes
853
2,0G0
1,20G
5,118
5,400
5,400
281
-
Profit
840
2,783
1,343
(G,545)
10,300
10,300
1G,845
-
Profit attributable to non-
controlling interests
(411)
(303)
(438)
(3,2G8)
(1,000)
(1,000)
8,2G8
-
Profit attributable to
owners of parent
1,251
3,G33
2,442
2,722
11,300
11,300
8,577
-
Non-Consolidated Pesults and Forecast
(Millions or Yen)
Three-month Period ended June 30
Fiscal Year ended March 31
6ctual results ror 1Q / FY2024
6pril 1, 2024 through
June 30, 2024
③
Pesults ror 1Q / FY2025
6ctual results ror FY2024
③
Previous rorecast ror FY2025
as or 2025/5/14
➃
Forecast
6pril 1, 2025 through
June 30, 2025
©
Change
©-③
ror FY2025
➄
YoY change
➄-③
Dirrerence rrom
previous rorecast
➄-➃
Net sales
Construction business
G2,753
G7,GG3
4,303
284,575
28G,000
28G,000
1,424
-
Civil engineering
23,438
23,G8G
247
33,024
10G,000
10G,000
G,375
-
6rchitectural construction
33,315
43,377
4,GG2
185,551
180,000
180,000
(5,551)
-
Investment development
1,435
1,371
(G3)
5,784
G,000
G,000
215
-
Total
G4,183
G3,034
4,845
230,353
232,000
232,000
1,G40
-
Gross profit
8.4%
13.1%
4.7%
10.3%
10.8%
10.8%
(0.1%)
-
Construction business
5,287
8,858
3,571
31,11G
31,000
31,000
(11G)
-
10.2%
1G.0%
5.8%
12.0%
13.2%
13.2%
1.2%
-
Civil engineering
2,402
3,737
1,335
11,880
14,000
14,000
2,113
-
7.3%
11.5%
4.2%
10.4%
3.4%
3.4%
(1.0%)
-
6rchitectural construction
2,885
5,0G1
2,175
13,235
17,000
17,000
(2,235)
-
G1.5%
53.1%
(2.4%)
54.0%
53.3%
53.3%
(0.7%)
-
Investment development
881
810
(71)
3,124
3,200
3,200
75
-
3.G%
14.0%
4.4%
11.8%
11.7%
11.7%
(0.1%)
-
Total
G,1G3
3,GG8
3,433
34,240
34,200
34,200
(40)
-
General and administrative
expenses
5,412
5,132
(280)
20,824
21,000
21,000
175
-
Operating profit
75G
4,53G
3,773
13,41G
13,200
13,200
(21G)
-
Non-operating
income/expenses
Non-operating income
1,345
1,438
152
1,843
1,800
1,800
(43)
-
Non-operating expenses
58
230
172
1,355
1,200
1,200
(155)
-
Ordinary profit
2,043
5,803
3,753
13,310
13,800
13,800
(110)
-
Extraordinary income/losses
541
8G0
318
(2,003)
3,000
3,000
5,003
-
Profit before income taxes
2,585
G,GG4
4,078
11,300
1G,800
1G,800
4,833
-
Income taxes
822
2,033
1,211
4,343
5,300
5,300
35G
-
Profit
1,7G2
4,G30
2,8G7
G,35G
11,500
11,500
4,543
-
Non-Consolidated Construction Orders Peceived and Forecast
(Millions or Yen)
Three-month Period ended June 30
Fiscal Year ended March 31
6ctual results ror 1Q / FY2024
6pril 1, 2024 through
June 30, 2024
③
Pesults ror 1Q / FY2025
6ctual results ror FY2024
③
Previous rorecast ror FY2025
as or 2025/5/14
➃
Forecast
6pril 1, 2025 through
June 30, 2025
©
Change
©-③
ror FY2025
➄
YoY change
➄-③
Dirrerence rrom
previous rorecast
➄-➃
Civil engineering
Public sector
25,430
7,87G
(17,553)
171,230
G0,000
G0,000
(111,230)
-
Private sector
4,7G2
14,282
3,513
21,538
40,000
40,000
18,401
-
GG.5%
45.2%
51.2%
35.7%
35.7%
Subtotal
30,133
22,158
(8,034)
132,888
100,000
100,000
(32,888)
-
6rchitectural construction
Public sector
1,237
301
(33G)
23,437
20,000
20,000
(3,437)
-
Private sector
13,338
25,328
11,323
154,253
1G0,000
1G0,000
5,740
-
33.5%
54.8%
48.8%
G4.3%
G4.3%
Subtotal
15,23G
2G,823
11,533
183,75G
180,000
180,000
(3,75G)
-
Total
Public sector
2G,GG8
8,777
(17,830)
200,787
80,000
80,000
(120,787)
-
Private sector
18,7G0
40,210
21,443
175,857
200,000
200,000
24,142
-
100%
100%
100%
100%
100%
Total
45,423
48,388
3,558
37G,G45
280,000
280,000
(3G,G45)
-
Non-Consolidated Orders Peceived, Net Sales, and Balance Carried Forward by Business Segment
construction
(Millions or Yen)
FY2024
6pril 1, 2024 through
June 30, 2024
FY2025
6pril 1, 2025 through
June 30, 2025
Change Increase (Decrease)
% Change Increase (Decrease)
Construction orders awarded
Civil engineering
Domestic public sector
14,1GG
％
4G.3
％
GG.5
7,843
％
35.4
％
45.2
(G,323)
％
(44.G)
Domestic private sector
4,7G2
15.8
14,282
G4.5
3,513
133.3
Overseas
11,2G4
37.3
33
0.1
(11,230)
(33.7)
Subtotal
30,133
100
22,158
100
(8,034)
(2G.G)
6rchitectural construction
Domestic public sector
1,237
8.1
33.5
301
3.4
54.8
(33G)
(27.2)
Domestic private sector
13,338
31.3
25,328
3G.G
11,323
85.2
Overseas
-
-
-
-
-
-
Subtotal
15,23G
100
2G,823
100
11,533
7G.1
Total
Domestic public sector
15,404
33.3
100
8,744
17.8
100
(G,G53)
(43.2)
Domestic private sector
18,7G0
41.3
40,210
82.1
21,443
114.3
Overseas
11,2G4
24.8
33
0.1
(11,230)
(33.7)
Total
45,423
100
48,388
100
3,558
7.8
Net sales
Construction business
Civil engineering
Domestic public sector
14,337
G1.2
[37.3)
3G.5
14,83G
G2.G
[35.0)
34.3
438
3.5
Domestic private sector
8,084
34.5
G,G21
28.0
(1,4G3)
(18.1)
Overseas
1,015
4.3
2,227
3.4
1,212
113.4
Subtotal
23,438
100
23,G8G
100
247
1.1
6rchitectural construction
Domestic public sector
7,475
13.0
[G2.7)
G1.3
7,G47
17.4
[G5.0)
G3.7
171
2.3
Domestic private sector
31,833
81.0
3G,323
82.G
4,430
14.1
Overseas
-
-
-
-
-
-
Subtotal
33,315
100
43,377
100
4,GG2
11.3
Subtotal
Domestic public sector
21,813
34.8
[100)
37.8
22,484
33.2
[100)
38.0
G70
3.1
Domestic private sector
33,324
G3.G
42,351
G3.5
3,027
7.G
Overseas
1,015
1.G
2,227
3.3
1,212
113.4
Subtotal
G2,753
100
G7,GG3
100
4,303
7.8
Peal estate investment, development
business and other
1,435
2.2
1,371
2.0
(G3)
(4.5)
Total
G4,183
100
G3,034
100
4,845
7.5
Period-end backlog
Civil engineering
Domestic public sector
104,333
52.0
44.G
133,G21
4G.7
53.0
23,282
28.1
Domestic private sector
57,GG7
28.8
G0,588
21.2
2,321
5.1
Overseas
38,43G
13.2
31,874
32.1
53,378
138.7
Subtotal
200,502
100
28G,084
100
85,582
42.7
6rchitectural
Domestic public sector
G3,323
27.3
55.4
G5,138
25.7
47.0
(4,131)
(G.0)
Domestic private sector
173,513
72.1
188,780
74.3
3,2G7
5.2
Overseas
-
-
-
-
-
-
Subtotal
248,842
100
253,373
100
5,13G
2.1
Total
Domestic public sector
173,GG8
38.G
100
138,820
3G.8
100
25,151
14.5
Domestic private sector
237,180
52.8
243,3G3
4G.2
12,188
5.1
Overseas
38,43G
8.G
31,874
17.0
53,378
138.7
Total
443,345
100
540,0G3
100
30,718
20.2
Non-Consolidated Financial Statement
（１）Non-Consolidated Balance Sheet
(Millions or Yen)
FY2024 6s or March 31, 2025 | Current First Quarter 6s or June 30, 2025 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 2G,830 | 11,753 | ||
Notes receivable, accounts receivable from completed construction contracts | 188,571 | 17G,537 | ||
Securities | - | 12,000 | ||
Real estate for sale | 433 | 373 | ||
Costs on construction contracts in progress | 5,447 | G,781 | ||
Costs on real estate investment, development business and other | 2,247 | 2,041 | ||
Raw materials and supplies | 50 | 50 | ||
Other | 12,241 | 12,5G1 | ||
Allowance for doubtful accounts | (138) | (187) | ||
Total current assets | 235,743 | G5.5 | 222,523 | G3.3 |
Non-current assets Property, plant and equipment Land Other, net Total property, plant and equipment Intangible assets Investments and other assets Investment securities Prepaid pension costs Other Allowance for doubtful accounts Total Investments and other assets | 31,153 | 31,044 | ||
18,444 | 18,571 | |||
43,G03 | 43,G15 | |||
1,134 | 1,118 | |||
58,53G | 57,G50 | |||
4,10G | 4,204 | |||
15,755 | 17,330 | |||
(4,333) | (4,332) | |||
73,523 | 74,313 | |||
Total non-current assets | 124,321 | 34.5 | 125,G47 | 3G.1 |
Total assets | 3G0,0G5 | 100 | 348,171 | 100 |
Liabilities | ||||
Current liabilities | ||||
Notes payable, accounts payable for construction contracts | 55,530 | 50,7G8 | ||
Short-term borrowings | 4G,454 | 11,313 | ||
Income taxes payable | 1,3G3 | 2,052 | ||
Advances received on construction contracts in progress | 18,03G | 21,335 | ||
Provisions | 3,G85 | 2,030 | ||
Provision for loss on construction contracts | 2,327 | 2,1GG | ||
Other | 43,374 | 50,48G | ||
Total current liabilities | 171,431 | 47.G | 140,753 | 40.4 |
Non-current liabilities | ||||
Long-term borrowings | 5,00G | 25,00G | ||
Provisions | 344 | 378 | ||
Asset retirement obligations | 208 | 203 | ||
Other | 13,213 | 13,2G1 | ||
Total non-current liabilities | 18,778 | 5.2 | 38,855 | 11.2 |
Total liabilities | 130,2G3 | 52.8 | 173,G03 | 51.G |
Net assets | ||||
Shareholders' equity | ||||
Share capital | 13,838 | 5.5 | 13,838 | 5.7 |
Capital surplus | 25,532 | 7.1 | 25,532 | 7.3 |
Retained earnings | 103,033 | 28.G | 103,304 | 23.8 |
Treasury shares | (7,372) | (2.2) | (3,555) | (2.7) |
Total shareholders' equity | 140,432 | 33.0 | 133,780 | 40.1 |
Valuation and translation adjustments Valuation difference on available-for-sale securities | 23,303 | 8.2 | 28,782 | 8.3 |
Total valuation and translation adjustments | 23,303 | 8.2 | 28,782 | 8.3 |
Total net assets Total liabilities and net assets | 1G3,735 | 47.2 | 1G8,5G2 | 48.4 |
3G0,0G5 | 100 | 348,171 | 100 | |
（２）Non-Consolidated Statement or Income
(Millions or Yen)
1Q / FY2024 6pril 1, 2024 through June 30, 2024 | 1Q / FY2025 6pril 1, 2025 through June 30, 2025 | |||
Net sales Net sales of completed construction contracts Net sales of real estate investment, development business and other | G2,753 1,435 | G7,GG3 1,371 | ||
Total net sales | G4,183 | 100 | G3,034 | 100 |
Cost of sales | ||||
Cost of sales of completed construction contracts | 57,4GG | 31.G | 58,804 | 8G.3 |
Cost of real estate investment, development business and other | 553 | 38.5 | 5G0 | 40.3 |
Total cost of sales | 58,013 | 30.4 | 53,3G5 | 8G.0 |
Gross profit | ||||
Gross profit on completed construction contracts | 5,287 | 8.4 | 8,858 | 13.1 |
Gross profit on real estate investment, development business and other | 881 | G1.5 | 810 | 53.1 |
Total gross profit | G,1G3 | 3.G | 3,GG8 | 14.0 |
Selling, general and administrative expenses | 5,412 | 8.4 | 5,132 | 7.4 |
Operating profit | 75G | 1.2 | 4,53G | G.G |
Non-operating income | ||||
Interest income | 32 | G3 | ||
Dividend income | 843 | 734 | ||
Foreign exchange gains | 342 | 581 | ||
Other | G0 | 58 | ||
Total non-operating income | 1,345 | 2.1 | 1,438 | 2.2 |
Non-operating expenses | ||||
Interest expenses | 54 | 105 | ||
Commission expenses | 3 | 87 | ||
Other | 0 | 37 | ||
Total non-operating expenses | 58 | 0.1 | 230 | 0.4 |
Ordinary profit | 2,043 | 3.2 | 5,803 | 8.4 |
Extraordinary income | ||||
Gain on sale of investment securities | 5G3 | 882 | ||
Other | - | 0 | ||
Total extraordinary income | 5G3 | 0.3 | 883 | 1.3 |
Extraordinary losses | ||||
Loss on valuation of investment securities | - | G | ||
Loss on retirement of non-current assets | 21 | 1G | ||
Total extraordinary losses | 21 | 0.1 | 22 | 0.0 |
Profit before income taxes | 2,585 | 4.0 | G,GG4 | 3.7 |
Income taxes - current | 420 | 0.7 | 1,820 | 2.7 |
Income taxes - deferred | 402 | 0.G | 213 | 0.3 |
Total income taxes | 822 | 1.3 | 2,033 | 3.0 |
Profit | 1,7G2 | 2.7 | 4,G30 | G.7 |