Financial Results Supplementary Materials for the Third Quarter of the Fiscal Year Ending March 31, 2024
Contents
Page
１ | Progress 6gainst Financial Pesults Forecast (Excluding Foreign Exchange impact) | 1 |
２ | Consolidated Pesults and Forecast | 2 |
３ | Non-Consolidated Pesults and Forecast | 3 |
４ | Non-Consolidated Construction Orders Peceived and Forecast | 4 |
５ ６ | Non-Consolidated Orders Peceived, Net Sales, and Balance Carried Forward by Business Segment Non-Consolidated Financial Statement （１）Non-Consolidated Balance Sheet （２）Non-Consolidated Statement or Income | 5 G G 7 |
(Note) The performance forecasts and other forward-looking statements contained in this document are based on information available at the time of publication and certain assumptions considered reasonable by the Company. The Company does not provide any guarantee that these forecasts will be achieved, and actual results may differ significantly due to various factors.
Progress 6gainst Financial Pesults Forecast (Excluding Foreign Exchange impact)
OKUMUP6 COPPOP6TION (the "Company") has revised its consolidated rinancial results rorecast ror the riscal year ending March 31, 202G, announced together with the rinancial results announcement on November 13, 2025, based on the recent trend in perrormance and other ractors, as set rorth on the rollowing page. However, in the quarterly consolidated rinancial results ror the nine months ended December 31, 2025, ordinary prorit is ¥21,357 million, which has already exceeded the revised rorecast.
This is because roreign exchange gains or the Group and gain on valuation or rorward exchange contracts related to ISHIK6PI BIO ENEPGY GODO K6ISH6 are not included in the consolidated rinancial results rorecast, as these gains may be signiricantly impacted by roreign exchange rate rluctuations and other ractors in the ruture.
To more appropriately indicate the progress against the rorecast, the results excluding roreign exchange gains, etc. are shown in the table below.
(Millions or Yen)
Nine-month Period ended December 31
Fiscal Year ending March 31
Progress
(③/➃)
Results for 3Q / FY2025
April 1, 2025 through
December 31, 2025
③
Adjustments
©
Adjusted Results
③(③-©)
Forecast for FY2025
as of 2026/2/13
➃
Net sales
230,372
-
230,372
302,500
7G.4%
Gross profit
23,870
-
23,870
38,000
78.G%
General and administrative expenses
1G,043
-
1G,043
22,800
70.4%
Operating profit
13,820
-
13,820
15,200
30.3%
Ordinary profit
21,357
Foreign exchange gains ： G44
Gain on valuation or
rorward exchange contracts ： 4,G88
1G,G24
17,G00
34.5%
Profit attributable to owners of parent
15,137
2,733
12,338
13,G00
30.7%
Consolidated Pesults and Forecast
(Millions or Yen)
Nine-month Period ended December 31
Fiscal Year ended March 31
6ctual results ror 3Q / FY2024
6pril 1, 2024 through
December 31, 2024
③
Pesults ror 3Q / FY2025
6ctual results ror FY2024
③
Previous rorecast ror FY2025
as or 2025/11/13
➃
Forecast
6pril 1, 2025 through
December 31, 2025
©
Change
©-③
ror FY2025
as or 202G/2/13
➄
YoY change
➄-③
Dirrerence rrom
previous rorecast
➄-➃
Net sales
Construction business
208,281
222,237
13,35G
284,575
230,000
230,000
5,424
-
Civil engineering
71,841
83,G47
11,805
33,024
110,000
110,000
10,375
-
6rchitectural construction
13G,433
138,530
2,150
185,551
180,000
180,000
(5,551)
-
Investment development
3,322
8,734
(1,187)
13,G47
12,500
12,500
(1,147)
-
Total
218,203
230,372
12,7G8
238,222
302,500
302,500
4,277
-
Gross profit
Construction business
10.1%
21,040
13.0%
28,783
2.3%
7,742
11.0%
31,20G
11.3%
34,400
12.G%
3G,G00
1.G%
5,333
0.7%
2,200
Civil engineering
10.1%
7,254
15.5%
12,348
5.4%
5,G34
12.1%
11,3G8
14.3%
1G,400
15.5%
17,100
3.4%
5,131
0.G%
700
6rchitectural construction
10.1%
13,78G
11.4%
15,834
1.3%
2,047
10.4%
13,237
10.0%
18,000
10.8%
13,500
0.4%
2G2
0.8%
1,500
Investment development
3.7%
3G5
12.4%
1,087
8.7%
721
3.5%
481
12.8%
1,G00
11.2%
1,400
7.7%
318
(1.G%)
(200)
Total
3.8%
21,40G
12.3%
23,870
3.1%
8,4G4
10.G%
31,G88
11.3%
3G,000
12.G%
38,000
2.0%
G,311
0.7%
2,000
General and administrative
expenses
15,738
1G,043
310
21,35G
23,000
22,800
843
(200)
Operating profit
5,GG7
13,820
8,153
3,731
13,000
15,200
5,4G8
2,200
Non-operating
income/expenses
Non-operating income
1,77G
3,151
7,374
1,753
3,800
3,300
2,140
100
Non-operating expenses
1,031
1,014
(17)
2,5G3
1,G00
1,500
(1,0G3)
(100)
Ordinary profit
G,412
21,357
15,545
8,32G
15,200
17,G00
8,G73
2,400
Extraordinary income/losses
Extraordinary income
3,458
1,828
(1,G30)
3,G24
2,000
2,000
(1,G24)
(800)
Extraordinary losses
345
125
(220)
13,377
800
(13,177)
Profit before income taxes
3,524
23,GG0
14,135
(1,42G)
17,200
18,800
20,22G
1,G00
Income taxes
4,43G
G,G3G
2,140
5,118
5,300
G,200
1,081
300
Profit
5,028
17,024
11,335
(G,545)
11,300
12,G00
13,145
1,300
Profit attributable to non-
controlling interests
(1,733)
1,88G
3,G13
(3,2G8)
(1,000)
(1,000)
8,2G8
-
Profit attributable to
owners of parent
G,7G1
15,137
8,37G
2,722
12,300
13,G00
10,877
1,300
Non-Consolidated Pesults and Forecast
(Millions or Yen)
Nine-month Period ended December 31
Fiscal Year ended March 31
6ctual results ror 3Q / FY2024
6pril 1, 2024 through
December 31, 2024
③
Pesults ror 3Q / FY2025
6ctual results ror FY2024
③
Previous rorecast ror FY2025
as or 2025/11/13
➃
Forecast
6pril 1, 2025 through
December 31, 2025
©
Change
©-③
ror FY2025
as or 202G/2/13
➄
YoY change
➄-③
Dirrerence rrom
previous rorecast
➄-➃
Net sales
Construction business
208,281
222,237
13,35G
284,575
230,000
230,000
5,424
-
Civil engineering
71,841
83,G47
11,805
33,024
110,000
110,000
10,375
-
6rchitectural construction
13G,433
138,530
2,150
185,551
180,000
180,000
(5,551)
-
Investment development
4,33G
4,554
217
5,784
G,000
G,000
215
-
Total
212,G17
22G,731
14,174
230,353
23G,000
23G,000
5,G40
-
Gross profit
Construction business
10.1%
20,375
12.3%
28,G15
2.8%
7,G40
10.3%
31,11G
11.7%
34,000
12.5%
3G,300
1.G%
5,183
0.8%
2,300
Civil engineering
10.0%
7,130
15.3%
12,783
5.3%
5,532
12.0%
11,880
14.5%
1G,000
15.3%
1G,800
3.3%
4,313
0.8%
800
6rchitectural construction
10.1%
13,785
11.4%
15,832
1.3%
2,047
10.4%
13,235
10.0%
18,000
10.8%
13,500
0.4%
2G4
0.8%
1,500
Investment development
55.4%
2,401
5G.8%
2,587
1.4%
185
54.0%
3,124
53.3%
3,200
53.3%
3,200
(0.7%)
75
-
-
Total
11.0%
23,377
13.8%
31,202
2.8%
7,825
11.8%
34,240
12.G%
37,200
13.3%
33,500
1.5%
5,253
0.7%
2,300
General and administrative
expenses
15,0G0
15,323
2G8
20,824
21,800
21,800
375
-
Operating profit
8,31G
15,873
7,55G
13,41G
15,400
17,700
4,283
2,300
Non-operating
income/expenses
Non-operating income
1,347
2,581
G34
1,843
2,000
2,000
150
-
Non-operating expenses
G24
741
117
1,355
1,200
1,100
(255)
(100)
Ordinary profit
3,G33
17,713
8,073
13,310
1G,200
18,G00
4,G83
2,400
Extraordinary income/losses
Extraordinary income
3,458
1,827
(1,G30)
3,G23
2,000
2,000
(1,G23)
(800)
Extraordinary losses
22G
122
(103)
5,G33
800
(4,833)
Profit before income taxes
12,871
13,418
G,54G
11,300
18,200
13,800
7,833
1,G00
Income taxes
4,387
G,513
2,132
4,343
5,800
G,000
1,05G
200
Profit
8,484
12,833
4,414
G,35G
12,400
13,800
G,843
1,400
Non-Consolidated Construction Orders Peceived and Forecast
(Millions or Yen)
Nine-month Period ended December 31
Fiscal Year ended March 31
6ctual results ror 3Q / FY2024
6pril 1, 2024 through
December 31, 2024
③
Pesults ror 3Q / FY2025
6ctual results ror FY2024
③
Previous rorecast ror FY2025
as or 2025/11/13
➃
Forecast
6pril 1, 2025 through
December 31, 2025
©
Change
©-③
ror FY2025
as or 202G/2/13
➄
YoY change
➄-③
Dirrerence rrom
previous rorecast
➄-➃
Civil engineering
Public sector
37,084
52,333
(44,745)
171,230
G0,000
70,000
(101,230)
10,000
Private sector
14,251
33,402
25,151
21,538
40,000
40,000
18,401
-
G5.1%
3G.4%
51.2%
33.3%
35.5%
Subtotal
111,335
31,742
(13,533)
132,888
100,000
110,000
(82,888)
10,000
6rchitectural construction
Public sector
8,587
10,0G2
1,475
23,437
20,000
20,000
(3,437)
-
Private sector
51,033
150,231
33,251
154,253
180,000
180,000
25,740
-
34.3%
G3.G%
48.8%
GG.7%
G4.5%
Subtotal
53,G2G
1G0,353
100,72G
183,75G
200,000
200,000
1G,243
-
Total
Public sector
105,G71
G2,401
(43,2G3)
200,787
80,000
30,000
(110,787)
10,000
Private sector
G5,230
183,G34
124,403
175,857
220,000
220,000
44,142
-
100%
100%
100%
100%
100%
Total
170,3G2
252,035
81,133
37G,G45
300,000
310,000
(GG,G45)
10,000
Non-Consolidated Orders Peceived, Net Sales, and Balance Carried Forward by Business Segment
(Millions or Yen)
FY2024 6pril 1, 2024 through December 31, 2024 | FY2025 6pril 1, 2025 through December 31, 2025 | Change Increase (Decrease) | % Change Increase (Decrease) | ||||||||
Construction orders awarded | Civil engineering | Domestic public sector | 85,518 | ％ 7G.8 | ％ G5.1 | 23,25G | ％ 25.4 | ％ 3G.4 | (G2,2G2) | ％ (72.8) | |
Domestic private sector | 14,251 | 12.8 | 33,402 | 42.3 | 25,151 | 17G.5 | |||||
Overseas | 11,5G5 | 10.4 | 23,083 | 31.7 | 17,517 | 151.5 | |||||
Subtotal | 111,335 | 100 | 31,742 | 100 | (13,533) | (17.G) | |||||
6rchitectural construction | Domestic public sector | 8,587 | 14.4 | 34.3 | 10,0G2 | G.3 | G3.G | 1,475 | 17.2 | ||
Domestic private sector | 51,033 | 85.G | 150,231 | 33.7 | 33,251 | 134.5 | |||||
Overseas | - | - | - | - | - | - | |||||
Subtotal | 53,G2G | 100 | 1G0,353 | 100 | 100,72G | 1G8.3 | |||||
Total | Domestic public sector | 34,105 | 55.0 | 100 | 33,318 | 13.2 | 100 | (G0,787) | (G4.G) | ||
Domestic private sector | G5,230 | 38.2 | 183,G34 | 75.3 | 124,403 | 130.5 | |||||
Overseas | 11,5G5 | G.8 | 23,083 | 11.5 | 17,517 | 151.5 | |||||
Total | 170,3G2 | 100 | 252,035 | 100 | 81,133 | 47.5 | |||||
Net sales | Construction business | Civil engineering | Domestic public sector | 45,153 | G2.3 | [34.5) 33.8 | 50,402 | G0.3 | [37.G) 3G.3 | 5,243 | 11.G |
Domestic private sector | 22,375 | 31.1 | 25,033 | 23.3 | 2,G57 | 11.3 | |||||
Overseas | 4,312 | G.0 | 8,211 | 3.8 | 3,833 | 30.4 | |||||
Subtotal | 71,841 | 100 | 83,G47 | 100 | 11,805 | 1G.4 | |||||
6rchitectural construction | Domestic public sector | 23,700 | 17.4 | [G5.5) G4.2 | 2G,G55 | 13.2 | [G2.4) G1.1 | 2,354 | 12.5 | ||
Domestic private sector | 112,738 | 82.G | 111,334 | 80.8 | (804) | (0.7) | |||||
Overseas | - | - | - | - | - | - | |||||
Subtotal | 13G,433 | 100 | 138,530 | 100 | 2,150 | 1.G | |||||
Subtotal | Domestic public sector | G8,853 | 33.0 | [100) 38.0 | 77,057 | 34.7 | [100) 38.0 | 8,204 | 11.3 | ||
Domestic private sector | 135,114 | G4.3 | 13G,3G7 | G1.G | 1,852 | 1.4 | |||||
Overseas | 4,312 | 2.1 | 8,211 | 3.7 | 3,833 | 30.4 | |||||
Subtotal | 208,281 | 100 | 222,237 | 100 | 13,35G | G.7 | |||||
Peal estate investment, development business and other | 4,33G | 2.0 | 4,554 | 2.0 | 217 | 5.0 | |||||
Total | 212,G17 | 100 | 22G,731 | 100 | 14,174 | G.7 | |||||
Period-end backlog | Civil engineering | Domestic public sector | 144,875 | G2.1 | 54.3 | 113,4G8 | 38.4 | 50.2 | (31,407) | (21.7) | |
Domestic private sector | 52,8G4 | 22.7 | G7,237 | 22.7 | 14,433 | 27.3 | |||||
Overseas | 35,501 | 15.2 | 114,340 | 38.3 | 73,433 | 223.8 | |||||
Subtotal | 233,241 | 100 | 235,707 | 100 | G2,4G5 | 2G.8 | |||||
6rchitectural construction | Domestic public sector | G0,453 | 30.8 | 45.7 | 55,351 | 18.3 | 43.8 | (5,102) | (8.4) | ||
Domestic private sector | 135,G55 | G3.2 | 237,533 | 81.1 | 101,883 | 75.1 | |||||
Overseas | - | - | - | - | - | - | |||||
Subtotal | 13G,103 | 100 | 232,830 | 100 | 3G,781 | 43.4 | |||||
Total | Domestic public sector | 205,323 | 47.8 | 100 | 1G8,820 | 28.7 | 100 | (3G,503) | (17.8) | ||
Domestic private sector | 188,520 | 43.3 | 304,837 | 51.8 | 11G,317 | G1.7 | |||||
Overseas | 35,501 | 8.3 | 114,340 | 13.5 | 73,433 | 223.8 | |||||
Total | 423,351 | 100 | 588,538 | 100 | 153,24G | 37.1 | |||||
G. Non-Consolidated Financial Statement (1)Non-Consolidated Balance Sheet
(Millions or Yen)
FY2024 6s or March 31, 2025 | Current Third Quarter 6s or December 31, 2025 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 2G,830 | 14,307 | ||
Notes receivable, accounts receivable from completed construction contracts | 188,571 | 203,404 | ||
Real estate for sale | 433 | 813 | ||
Costs on construction contracts in progress | 5,447 | 4,GG5 | ||
Costs on real estate investment, development business and other | 2,247 | 2,003 | ||
Raw materials and supplies | 50 | 50 | ||
Other | 12,241 | 15,100 | ||
Allowance for doubtful accounts | (138) | (223) | ||
Total current assets | 235,743 | G5.5 | 24G,128 | 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 | 18,501 | |||
43,G03 | 43,545 | |||
1,134 | 383 | |||
58,53G | 70,27G | |||
4,10G | 4,335 | |||
15,755 | 22,558 | |||
(4,333) | (4,330) | |||
73,523 | 32,233 | |||
Total non-current assets | 124,321 | 34.5 | 142,828 | 3G.7 |
Total assets | 3G0,0G5 | 100 | 388,357 | 100 |
Liabilities | ||||
Current liabilities | ||||
Notes payable, accounts payable for construction contracts | 55,530 | 52,730 | ||
Short-term borrowings | 4G,454 | 38,231 | ||
Income taxes payable | 1,3G3 | 4,457 | ||
Advances received on construction contracts in progress | 18,03G | 14,G34 | ||
Provisions | 3,G85 | 2,G23 | ||
Provision for loss on construction contracts | 2,327 | 2,753 | ||
Other | 43,374 | 48,425 | ||
Total current liabilities | 171,431 | 47.G | 1G3,375 | 42.2 |
Non-current liabilities | ||||
Long-term borrowings | 5,00G | 25,005 | ||
Provisions | 344 | 475 | ||
Asset retirement obligations | 208 | 210 | ||
Other | 13,213 | 17,511 | ||
Total non-current liabilities | 18,778 | 5.2 | 43,203 | 11.1 |
Total liabilities | 130,2G3 | 52.8 | 207,173 | 53.3 |
Net assets | ||||
Shareholders' equity | ||||
Share capital | 13,838 | 5.5 | 13,838 | 5.1 |
Capital surplus | 25,532 | 7.1 | 25,G14 | G.G |
Retained earnings | 103,033 | 28.G | 108,137 | 27.8 |
Treasury shares | (7,372) | (2.2) | (3,485) | (2.5) |
Total shareholders' equity | 140,432 | 33.0 | 144,1G5 | 37.0 |
Valuation and translation adjustments Valuation difference on available-for-sale securities | 23,303 | 8.2 | 37,G12 | 3.7 |
Total valuation and translation adjustments | 23,303 | 8.2 | 37,G12 | 3.7 |
Total net assets Total liabilities and net assets | 1G3,735 | 47.2 | 181,778 | 4G.7 |
3G0,0G5 | 100 | 388,357 | 100 | |
(2)Non-Consolidated Statement or Income
(Millions or Yen)
3Q / FY2024 6pril 1, 2024 through December 31, 2024 | 3Q / FY2025 6pril 1, 2025 through December 31, 2025 | |||
Net sales Net sales of completed construction contracts Net sales of real estate investment, development business and other | 208,281 4,33G | 222,237 4,554 | ||
Total net sales | 212,G17 | 100 | 22G,731 | 100 |
Cost of sales | ||||
Cost of sales of completed construction contracts | 187,305 | 83.3 | 133,G21 | 87.1 |
Cost of real estate investment, development business and other | 1,334 | 44.G | 1,3G7 | 43.2 |
Total cost of sales | 183,240 | 83.0 | 135,588 | 8G.2 |
Gross profit | ||||
Gross profit on completed construction contracts | 20,375 | 10.1 | 28,G15 | 12.3 |
Gross profit on real estate investment, development business and other | 2,401 | 55.4 | 2,587 | 5G.8 |
Total gross profit | 23,377 | 11.0 | 31,202 | 13.8 |
Selling, general and administrative expenses | 15,0G0 | 7.1 | 15,323 | G.8 |
Operating profit | 8,31G | 3.3 | 15,873 | 7.0 |
Non-operating income | ||||
Interest income | 273 | 174 | ||
Dividend income | 1,437 | 1,544 | ||
Foreign exchange gains | 33 | GG4 | ||
Other | 130 | 138 | ||
Total non-operating income | 1,347 | 0.3 | 2,581 | 1.1 |
Non-operating expenses | ||||
Interest expenses | 275 | 401 | ||
Other | 348 | 333 | ||
Total non-operating expenses | G24 | 0.3 | 741 | 0.3 |
Ordinary profit | 3,G33 | 4.5 | 17,713 | 7.8 |
Extraordinary income | ||||
Gain on sale of investment securities | 3,457 | 1,778 | ||
Other | 0 | 43 | ||
Total extraordinary income | 3,458 | 1.7 | 1,827 | 0.8 |
Extraordinary losses | ||||
Loss on retirement of non-current assets | 177 | 72 | ||
Loss on tax purpose reduction entry of non-current assets | - | 43 | ||
Loss on valuation of shares of subsidiaries and associates | 43 | - | ||
Other | 0 | G | ||
Total extraordinary losses | 22G | 0.1 | 122 | 0.0 |
Profit before income taxes | 12,871 | G.1 | 13,418 | 8.G |
Income taxes - current | 3,G00 | 1.7 | G,200 | 2.7 |
Income taxes - deferred | 787 | 0.4 | 313 | 0.2 |
Total income taxes | 4,387 | 2.1 | G,513 | 2.3 |
Profit | 8,484 | 4.0 | 12,833 | 5.7 |