Electronic Provision Measures Commencement Date: May 26, 2025
Business Report for the
165th
General Meeting of Shareholders
The Attached Documents to the Notice of the General Meeting of Shareholders
(From April 1, 2024 to March 31, 2025)
TAISEI CORPORATION
Securities Code: 1801
IMPORTANT NOTE: The documents are English translations of the"Business Report for the 165th General Meeting of Shareholders (Dai-165-kai Jigyo Hokokusho ) of Taisei Corporation, and are prepared solely for the convenience of shareholders who are non-Japanese speakers. In the event that any of the information contained in these English translations is inconsistent with the information contained in the Japanese original documents, the Japanese original texts shall prevail.Table of Contents
Business Report 1
Consolidated Financial Statements 31
Non-Consolidated Financial Statements 33
Auditors' Report 35
The contents of this business report can also be viewed from personal computers, smartphones, or tablet devices.
https://s.srdb.jp/1801/
Business Report (From April 1, 2024 to March 31, 2025)
1 Current State of the Company and its Affiliated Companies
（ 1）Progress and Results of Operations
out of a slump, has generally maintained its
Orders received | ¥2,437.5billion Compared to the previous FY 24.2% |
Net sales | ¥2,154.2billion Compared to the previous FY 22.1% |
Operating income | ¥120.1billion Compared to the previous FY 353.8% |
Ordinary income | ¥134.5billion Compared to the previous FY 245.7% |
Net income attributable to owners of parent | ¥123.8billion Compared to the previous FY 207.5% |
The Japanese economy, while individual consumer spending and capital investments seem to come
➡
generated by inbound foreign visitors.
gradual recovery with the strong market demands
➡
capital investments, but also by the public
In the construction industry, overall construction investments have continued to be steady, backed not only by the recovery of the private investments associated with the strong corporate demand for
➡
➡
tightness in labour supply and demand and other
investments that have continued to be driven strongly by the measures taken by the government to prevent and reduce disaster risks and make the country more resilient. However, the business environment remains challenging due to continued
➡
factors.
Under these circumstances, the Company and its affiliated companies (collectively, the"Taisei Group") reported consolidated results of its operations as follows: orders received of ¥2,437.5 billion, a 24.2% increase, net sales of ¥2,154.2 billion, a 22.1% increase, operating income of
¥120.1billion, a 353.8% increase, ordinary income of ¥134.5 billion, a 245.7% increase, and net income attributable to owners of parent (the Company's shareholders) for the year of ¥123.8 billion, a 207.5% increase compared to the previous fiscal year.
The status for orders and sales in each segment is as follows:
within the Group
Sales Ratio
(CIVIL ENGINEERING BUSINESS)
29.3％
The Taisei Group
Business ReportOrders received | ¥700.2billion Compared to the previous FY 2.6% 扌 |
Net sales | ¥630.6billion Compared to the previous FY 24.8% 扌 |
New orders for the Taisei Group were worth
¥700.2 billion, a 2.6% increase compared to the previous fiscal year, as there was increase in new orders received by the Company's consolidated subsidiaries.
The Company
Orders received | ¥465.1billion Compared to the previous FY 10.3% ➡ |
Net sales | ¥403.7billion Compared to the previous FY 15.3% 扌 |
New orders for the Company were worth ¥465.1 billion, a 10.3% decrease. The percentages of new orders from government agencies, private companies and overseas construction projects out of the total were 70.6%, 29.4% and 0.0%, respectively, and the percentage of orders received without competitive bidding out of the total was 26.1%.
Net sales for the Taisei Group were ¥630.6 billion, a 24.8% increase compared to the previous fiscal year, because an increase in net sales was observed in the Company and its consolidated subsidiaries.
Auditors' ReportNet sales for the Company were ¥403.7 billion, a 15.3% increase compared to the previous fiscal year.
within the Group
Sales Ratio
(BUILDING CONSTRUCTION BUSINESS)
63.7％
The Taisei Group
Non-Consolidated Financial Statements Consolidated Financial StatementsOrders received | ¥1,573.1billion Compared to the previous FY 38.4% |
Net sales | ¥1,372.5billion Compared to the previous FY 22.8% |
New orders for the Taisei Group were worth
➡
¥1,573.1 billion, a 38.4% increase compared to the previous fiscal year, as there was increase in new orders received by the Company and its consolidated subsidiaries.
New orders for the Company were worth
➡
➡
The Company
Orders received | ¥1,377.4billion Compared to the previous FY 34.5% |
Net sales | ¥1,196.9billion Compared to the previous FY 19.1% |
¥1, 377. 4 billion, a 34. 5% increase. The percentages of new orders from government agencies, private companies and overseas construction projects out of the total were 10.2%, 89.0% and 0.8%, respectively, and the percentage of orders received without competitive bidding out of the total was 27.9%.
➡
Net sales for the Taisei Group were ¥1,372.5 billion, a 22.8% increase compared to the previous fiscal year, because an increase in net sales was observed in the Company and its consolidated subsidiaries.
Net sales for the Company were ¥1,196.9 billion, a 19.1% increase compared to the previous fiscal year.
The major new orders received and the major projects completed by Civil Engineering and Building Construction Business Divisions during FY ended March 2025 are shown on page 4 to page 5.
within the Group
Sales Ratio
(REAL ESTATE DEVELOPMENT BUSINESS)
6.4％
In the real estate industry, the movements of return to office has been progressing, the recent vacancy rate has been on a downward trend, and the rent has been on a upward trend in the building leasing market, and the real estate sales market remained steady by virtue of strong investors'demand.
Net sales of the Taisei Group in the real estate segment were ¥137.5 billion, a 6.1% increase compared to the previous fiscal year, because of the increase in net sales was observed in the Company's consolidated subsidiaries.
within the Group
Sales Ratio
(OTHER BUSINESSES)
0.6％
The Taisei Group recorded net sales in this segment of ¥13.4 billion, a 7.5% increase compared to the previous fiscal year, because of the increase in the net sales was observed in the Company.
The new orders received, net sales, and total balance of contract backlog for each segment of the Taisei Group are as follows:
(Unit: ¥ Billion)
Backlog at the Beginning of This Period (April 1, 2024) | New Orders Received | Net Sales | Backlog Carried over Next Period | |
CIVIL ENGINEERING BUILDING CONSTRUCTION REAL ESTATE DEVELOPMENT BUSINESS OTHER BUSINESSES | 1,171.6 1,984.2 4.6 N/A | 700.2 1,573.1 150.7 13.4 | 630.6 1,372.5 137.5 13.4 | 1,241.2 2,184.8 17.7 N/A |
TOTAL: | 3,160.5 | 2,437.5 | 2,154.2 | 3,443.9 |
The new orders received, net sales, and total balance of contract backlog for each segment of the Company are as follows:
(Unit: ¥ Billion)
Backlog at the Beginning of This Period (April 1, 2024) | New Orders Received | Net Sales | Backlog Carried over Next Period | |
CIVIL ENGINEERING BUILDING CONSTRUCTION SUB TOTAL: REAL ESTATE DEVELOPMENT BUSINESS OTHER BUSINESSES | 961.9 1,808.7 2,770.6 2.9 N/A | 465.1 1,377.4 1,842.5 38.2 10.4 | 403.7 1,196.9 1,600.7 26.6 10.4 | 1,023.3 1,989.1 3,012.4 14.5 N/A |
TOTAL: | 2,773.5 | 1,891.2 | 1,637.8 | 3,027.0 |
外堀通り
新幹線
Non-Consolidated Financial Statements Consolidated Financial Statements Business ReportMajor new orders received during the fiscal year ended March 2025
新常盤橋
神田橋JCT
日本銀行本店
旧常盤橋
常盤橋
一石橋
西河岸橋
開削トンネル工事
永代通り
東京駅
日本橋駅
中央通り
Detail Design and Construction Works for tunnel of Tokiwabashi district
(Chiyoda-ku and Chuo-ku, Tokyo)
Owner: Metropolitan Expressway Company Limited
Nakagawa Construction-Generated Soil Improvement Plant Reconstruction Works II (Adachi-ku, Tokyo)
Owner: Bureau of Sewerage,
Auditors' ReportTokyo Metropolitan Government
Chita Thermal Power Station Units 7 and 8 Construction Plan
(Chita-shi, Aichi)
Owner: Chita Energy Solutions LLC
New Building Construction Work (South district) for Yaesu 1-chome North district Category 1
Urban Redevelopment Project (Chuo-ku, Tokyo)
Owner: Yaesu 1-chome North district Urban redevelopment association
New Building Construction Work (district A) for Nishi-Azabu 3-chome Northeast district Category 1 Urban Redevelopment Project
(Minato-ku, Tokyo)
Owner: Nishi-Azabu 3-chome Northeast district Urban redevelopment association