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NOVAC

NOVAC CO., LTD.

Company highlights

The largest segment by revenue is Building construction work, at 69.4% of the total.

Key figures

Period May 2025 to Apr 2026ConsolidatedJapanese GAAP

RevenueDisclosed ¥35.4B
Operating marginCalculated 5.3%
Net assets to total assetsCalculated 58.4%

Company profile

Securities code 5079 / EDINET code E37468 / Construction / Fiscal year end April 30

姫路市北条１丁目９２番地／Capital stock ¥1,227 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Company details
大谷 敏博 Representative

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Disclosed data

Source: Annual Securities Report (May 2025 to Apr 2026) · filed 2026-07-29

Profitability ★★★☆☆position among all companies 5.3%
Growth (revenue, 4-year average) ★☆☆☆☆position among all companies -0.3%
Capital efficiency ★★☆☆☆position among all companies 6.2%

Business activities and revenue composition

NOVAC

Revenue and profit by business segment

Period May 2025 to Apr 2026Source Annual securities reportsConsolidated・Disclosed

SalesProfit Building co…Building construction work Sales 69.4% 69% Profit 51.6% 52% Civil engin…Civil engineering work Sales 30.6% 31% Profit 48.4% 48%
BusinessNet sales to external customers Operating income
This yearShareLast year This yearShareMarginLast year
Building construction work ¥24.5 billion 69.4% ¥18.3 billion ¥1.0 billion 51.6% 3.9% ¥-0.2 billion
Civil engineering work ¥10.8 billion 30.6% ¥9.2 billion ¥0.9 billion 48.4% 8.4% ¥1.0 billion
Total of the businesses ¥35.4 billion100.0% ¥1.9 billion 100.0%

Revenue and profit

NOVAC

Period May 2025 to Apr 2026Source Annual securities reports

Net sales and operating revenue ¥35.4B　100% Cost of sales ¥31.7B　90% Selling, general and administrative expenses ¥1.8B　5% Operating income ¥1.9B　5%
Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Employee payrolls and allowances ¥0.5 billion Consolidated
Miscellaneous expenses ¥0.2 billion Parent only
Advertising expenses ¥0.1 billion Parent only
Directors' compensations ¥0.1 billion Parent only
Repair and maintenance ¥0.1 billion Parent only
Legal welfare expenses ¥98.55 million Parent only
Rents ¥91.47 million Parent only
Correspondence and transportation expenses ¥89.87 million Parent only
Taxes and dues ¥67.62 million Parent only
Welfare expenses ¥67.01 million Parent only
Provision for directors' bonuses ¥55.40 million Consolidated
Provision for bonuses ¥54.21 million Consolidated
Depreciation ¥43.73 million Parent only
Entertainment expenses ¥36.66 million Parent only
Amortization of goodwill ¥20.57 million Consolidated
Stationery expenses ¥16.17 million Parent only
Retirement benefit expenses ¥13.98 million Consolidated
Insurance expenses ¥11.28 million Parent only
Power utilities expenses ¥8.22 million Parent only
Donations ¥2.24 million Parent only
Profit by stage Gross profit (loss) ¥3.7 billion Consolidated
Operating income ¥1.9 billion Consolidated
Ordinary income ¥1.7 billion Consolidated
Net income ¥1.2 billion Consolidated

NOVAC

Selling, general and administrative expenses

Period May 2025 to Apr 2026Source Annual securities reports

Employee payrolls and allowances ¥0.5 billion (28.8%)29%Miscellaneous expenses ¥0.2 billion (9.5%)9%Advertising expenses ¥0.1 billion (7.7%)8%Directors' compensations ¥0.1 billion (6.2%)6%Repair and maintenance ¥0.1 billion (6.1%)6%Legal welfare expenses ¥0.1 billion (5.4%)Other (not itemized) ¥0.7 billion (36.3%)36%¥1.8B
  • Employee payrolls and allowances　¥0.5 billion
  • Miscellaneous expenses　¥0.2 billion
  • Advertising expenses　¥0.1 billion
  • Directors' compensations　¥0.1 billion
  • Repair and maintenance　¥0.1 billion
  • Legal welfare expenses　¥0.1 billion
  • Other (not itemized)　¥0.7 billion

Performance, financial position and capital allocation

Finance
58.4% Net assets to total assets Industry median 56.5% FY ending 4/2026 · consolidated / calculated
3.7% Return on assets (ROA)
¥3,640.14 Net assets per share
¥-6.2 billion Free cash flow
¥32.1 billion Total assets
¥0.2 billion Goodwill (the part of the acquisition price above the net assets acquired)
Capital allocation
-538.1% Cash conversion Industry median 77.2% FY ending 4/2026 · consolidated / calculated
0.1% Investment securities to net assets ★☆☆☆☆ position among all companies FY ending 4/2026 · consolidated / calculated

NOVAC

Recent performance trends

Source Annual securities reports

35 24 12 0 4 years ago 3 years ago 2 years ago Last year This year Net sales and operating revenue Ordinary income ¥ billion

Year-on-year comparison

Period 2022 to 2026Disclosed

Item20222023202420252026
Net sales ¥35.4B ¥31.9B ¥34.4B ¥27.5B ¥35.4B
Year on year (%) Could not be retrieved -9.7% +7.8% comparison basis not confirmed +28.5%◆
Ordinary income (loss) ¥2.9B ¥2.6B ¥0.7B ¥0.8B ¥1.7B
Change from prior year Could not be retrieved -11.0% -74.4% comparison basis not confirmed +104.1%
Ordinary income (loss) as a share of Net sales 8.2% 8.1% 1.9% 3.0% 4.8%
Change (percentage points) Could not be retrieved -0.1 points -6.2 points◆ comparison basis not confirmed +1.8 points

Fiscal periods marked for changes

  • 2024Ordinary income (loss) as a share of revenue -6.2 points
  • 2026Net sales year on year +28.5%

NOVAC

Earnings and net assets per share over time

Unit yenSource Annual securities reports

228 152 76 0 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 3,640 2,427 1,213 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen

NOVAC

Return on equity over time

Unit %Source Annual securities reports

6 4 2 -0 4 years ago 3 years ago 2 years ago Last year This year Return on equity (ROE, %)
Consolidated indicators (14 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales Could not be retrieved Could not be retrieved Could not be retrieved ¥27.5 billion ¥35.4 billion
Ordinary income (loss) Could not be retrieved Could not be retrieved Could not be retrieved ¥0.8 billion ¥1.7 billion
Net income (loss) attributable to owners of parent Could not be retrieved Could not be retrieved Could not be retrieved ¥0.6 billion ¥1.2 billion
Comprehensive income Could not be retrieved Could not be retrieved Could not be retrieved ¥0.5 billion ¥1.2 billion
Net assets Could not be retrieved Could not be retrieved Could not be retrieved ¥18.2 billion ¥18.8 billion
Total assets Could not be retrieved Could not be retrieved Could not be retrieved ¥26.0 billion ¥32.1 billion
Net assets per share Could not be retrieved Could not be retrieved Could not be retrieved 3,531.67 yen 3,640.14 yen
Basic earnings (loss) per share Could not be retrieved Could not be retrieved Could not be retrieved 111.33 yen 228.33 yen
Equity-to-asset ratio Could not be retrieved Could not be retrieved Could not be retrieved 70.1% 58.4%
Return on equity Could not be retrieved Could not be retrieved Could not be retrieved 3.2% 6.4%
Net cash provided by (used in) operating activities Could not be retrieved Could not be retrieved Could not be retrieved ¥4.3 billion ¥-5.8 billion
Net cash provided by (used in) investing activities Could not be retrieved Could not be retrieved Could not be retrieved ¥-81.62 million ¥-0.4 billion
Net cash provided by (used in) financing activities Could not be retrieved Could not be retrieved Could not be retrieved ¥-2.3 billion ¥3.3 billion
Cash and cash equivalents Could not be retrieved Could not be retrieved Could not be retrieved ¥7.5 billion ¥4.6 billion
Parent only indicators (18 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥35.4 billion ¥31.9 billion ¥34.4 billion ¥27.5 billion ¥34.9 billion
Ordinary income (loss) ¥2.9 billion ¥2.6 billion ¥0.7 billion ¥0.9 billion ¥1.6 billion
Net income (loss) ¥2.1 billion ¥2.1 billion ¥0.3 billion ¥0.6 billion ¥1.1 billion
Capital stock ¥1.2 billion ¥1.2 billion ¥1.2 billion ¥1.2 billion ¥1.2 billion
Total number of issued shares (common stock) 5,202,800 shares 5,202,800 shares 5,202,800 shares 5,202,800 shares 5,202,800 shares
Net assets ¥17.6 billion ¥18.8 billion ¥18.4 billion ¥18.2 billion ¥18.8 billion
Total assets ¥29.0 billion ¥28.2 billion ¥29.5 billion ¥25.8 billion ¥31.9 billion
Net assets per share 3,411.14 yen 3,651.89 yen 3,567.69 yen 3,538.27 yen 3,640.27 yen
Dividend per share 100 yen 120 yen 160 yen 120 yen 120 yen
Interim dividend per share Could not be retrieved 60 yen 80 yen 60 yen 60 yen
Basic earnings (loss) per share 453.89 yen 398.9 yen 55.8 yen 117.93 yen 221.86 yen
Equity-to-asset ratio 60.6% 66.7% 62.3% 70.7% 58.9%
Return on equity 13.3% 11.3% 1.5% 3.3% 6.2%
Payout ratio 22.0% 30.1% 286.7% 101.8% 54.1%
Net cash provided by (used in) operating activities ¥0.9 billion ¥5.1 billion ¥-10.0 billion Could not be retrieved Could not be retrieved
Net cash provided by (used in) investing activities ¥0.4 billion ¥-1.6 billion ¥-87.28 million Could not be retrieved Could not be retrieved
Net cash provided by (used in) financing activities ¥1.4 billion ¥-0.8 billion ¥1.1 billion Could not be retrieved Could not be retrieved
Cash and cash equivalents ¥11.8 billion ¥14.4 billion ¥5.5 billion Could not be retrieved Could not be retrieved

Dividend history

Source: reporting company’s key figures, annual securities reports · 5 years (2022 to 2026)Parent-onlyDisclosed

0 periods Consecutive increases (own definition) through FY ending 4/2026
5 periods Consecutive periods with dividends (site definition) through FY ending 4/2026
+0.0% Dividend growth (year on year)
Fewer than six years Dividend growth (5-year annual rate)
Fiscal yearAnnual dividend per share Of which interimPayout ratio (as reported, parent only) Flag
FY ending 4/2026 ¥120 ¥60 54.1%
FY ending 4/2025 ¥120 ¥60 101.8%
FY ending 4/2024 ¥160 ¥80 286.7%
FY ending 4/2023 ¥120 ¥60 30.1%
FY ending 4/2022 ¥100 Could not be retrieved 22.0%

NOVAC

Dividends per share over time

Unit yenSource Annual securities reports

160 107 53 0 4 years ago 3 years ago 2 years ago Last year This year Dividend per share yen

Shareholder composition

As of 2026-04-30Disclosed

Share ownership by holder category

5,802 Shareholders
0.43% Foreign holders (total) Industry median 7.37%
97.09% Individuals and others Industry median 40.72%

NOVAC

Unit %Source Annual securities reports

  • Financial institutions0.08%
  • Securities firms1.13%
  • Other corporations0.93%
  • Foreign holders (institutions)0.41%
  • Foreign holders (individuals)0.02%
  • Individuals and others97.09%

Major shareholders

RankShareholderShareholding ratioShares held
1 ノバック従業員持株会 16.74% 862,900
2 立花 充 5.87% 302,500
3 大谷 敏博 4.11% 211,597
4 東山 正人 2.95% 151,900
5 山本 博和 2.87% 148,000
6 大谷 博三 2.52% 130,116
7 大谷 敏彦 2.33% 120,117
8 牧野 久 2.33% 120,000
9 中末 浩一 2.05% 105,800
10 齋木 純一郎 1.75% 90,000

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 1 years (FY 2026)Disclosed

Not disclosed Research and development
¥0.4 billion Capital expenditure 1.2% of revenue (industry median 1.8%)

Revenue scale in the same industry

NOVAC

Source Annual securities reports of each company

Construction: 150 companies · revenue · largest first・each company’s latest fiscal year・consolidated (parent-only where no consolidated figures)・Disclosed

Workforce information

Source: Annual Securities Report (May 2025 to Apr 2026)Parent-onlyDisclosed

290 Employees (parent only) Industry median 738
44.2 Average age Industry median 43.5
15.2 years Average length of service Industry median 15.7 years
¥7.72 million Average annual salary Industry median ¥8.02 million
People and organisation
117.1¥ million Sales per employee Industry median 69.2¥ million FY ending 4/2026 · consolidated / calculated
¥6.22 million Operating income per employee
51.7% Wage gap between men and women
17.4% Share of female employees
50 Average temporary staff

Administrative filings and published information

Workplace information filings

Filed 2026-08-27Disclosed

ItemValue
Employees 290
Average monthly overtime (statutory overtime plus work on statutory days off)
Scope: 正社員		 18.5 hours
Annual paid leave taken (all employees) 67.8%
Childcare leave taken, men
Scope: 正社員		 50%
Childcare leave taken, women
Scope: 正社員		 100%
Share of managers who are women 0%
Share of board members who are women 9.1%

Audit and disclosure information

Annual securities report, year ended 2026-04-30Disclosed

ItemValue
Audit firm 有限責任あずさ監査法人
Audit fees (this year, total) ¥37.20 million
Non-audit fees (this year, total) Not applicable
Going concern note Cannot be determined
Accounting standard Japanese GAAP

See the book series →

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (28 items)

ItemValueConsolidated / Non-consolidated
Comprehensive income ¥1.2 billion Consolidated
Net cash provided by (used in) operating activities ¥-5.8 billion Consolidated
Net sales ¥35.4 billion Consolidated
Net cash provided by (used in) investing activities ¥-0.4 billion Consolidated
Cash and cash equivalents ¥4.6 billion Consolidated
Net assets ¥18.8 billion Consolidated
Ordinary income (loss) ¥1.7 billion Consolidated
Total assets ¥32.1 billion Consolidated
Return on equity 6.4% Consolidated
Equity-to-asset ratio 58.4% Consolidated
Net income (loss) attributable to owners of parent ¥1.2 billion Consolidated
Net cash provided by (used in) financing activities ¥3.3 billion Consolidated
Basic earnings (loss) per share 228.33 yen Consolidated
Net assets per share 3,640.14 yen Consolidated
Dividend per share 120 yen Parent only
Net sales ¥34.9 billion Parent only
Net income (loss) ¥1.1 billion Parent only
Total number of issued shares (common stock) 5,202,800 shares Parent only
Net assets ¥18.8 billion Parent only
Ordinary income (loss) ¥1.6 billion Parent only
Total assets ¥31.9 billion Parent only
Return on equity 6.2% Parent only
Equity-to-asset ratio 58.9% Parent only
Capital stock ¥1.2 billion Parent only
Payout ratio 54.1% Parent only
Interim dividend per share 60 yen Parent only
Basic earnings (loss) per share 221.86 yen Parent only
Net assets per share 3,640.27 yen Parent only

Employees (11 items)

ItemValueConsolidated / Non-consolidated
Number of employees 302 people Consolidated
Number of employees 302 people Consolidated
Wage gap between men and women (all employees) 51.7% Parent only
Average length of service (years) 15.2 years Parent only
Average annual salary ¥7.72 million Parent only
Average age (years) 44.2 years old Parent only
Number of employees 290 people Parent only
Number of employees 290 people Parent only
Number of employees 290 people Parent only
Wage gap between men and women (regular employees) 54.5% Parent only
Wage gap between men and women (non-regular employees) 18.8% Parent only

Other disclosed items (9 items)

ItemValueConsolidated / Non-consolidated
Average number of temporary employees 50 people Consolidated
Average number of temporary employees 50 people Consolidated
Average number of temporary employees 50 people Parent only
Average number of temporary employees 50 people Parent only
Average number of temporary employees 50 people Parent only
Total return on the share price index 216.5% Parent only
Rate of male employees taking childcare leave (regular employees) 50.0% Parent only
Ratio of female employees in managerial positions 0.0% Parent only
Rate of male employees taking childcare leave (non-regular employees) 0.0% Parent only

Shares (12 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 2,242,930 shares Consolidated
Total number of shares held treasury shares etc 48,300 shares Consolidated
Number of shares 5,202,800 shares Consolidated
Shareholding ratio treasury shares etc 0.9% Consolidated
Shareholding ratio 43.5% Consolidated
Number of shares held in own name treasury shares etc 48,300 shares Consolidated
Number of voting rights 51,367 units Consolidated
Carrying amount on the balance sheet ¥2.22 million Consolidated
Carrying amount on the balance sheet ¥14.03 million Consolidated
Number of issues 4 issues Consolidated
Number of issues 2 issues Consolidated
Total shareholder return 134.2% Parent only

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥0.4 billion Consolidated

Audit (2 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥37.20 million Consolidated
Fees for audit and attestation services - total ¥37.20 million Consolidated

Accounts unique to this company (5 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥9.79 million Consolidated
Revenue ¥0.1 billion Consolidated
Revenue ¥-0.2 billion Consolidated
Change in average annual salary from the previous year 2.8% Parent only
Revenue ¥9.79 million Parent only

Balance sheet (132 items)

ItemValueConsolidated / Non-consolidated
Other ¥0.1 billion Consolidated
Other ¥84.34 million Consolidated
Other ¥0.8 billion Consolidated
Valuation difference on available-for-sale securities ¥8.97 million Consolidated
Goodwill ¥0.2 billion Consolidated
Goodwill ¥0.2 billion Consolidated
Software ¥81.90 million Consolidated
Lease obligations ¥1.08 million Consolidated
Lease assets ¥0.91 million Consolidated
Investments in capital ¥2.22 million Consolidated
Retained earnings ¥16.8 billion Consolidated
Advances received ¥25.08 million Consolidated
Prepaid expenses ¥88.59 million Consolidated
Advance payments trade ¥6.56 million Consolidated
Merchandise and finished goods ¥20.95 million Consolidated
Non-current liabilities ¥0.4 billion Consolidated
Non-current assets ¥3.3 billion Consolidated
Land ¥2.3 billion Consolidated
Accounts receivable - trade ¥11.42 million Consolidated
Contract assets ¥20.5 billion Consolidated
Accounts receivable from completed construction contracts ¥1.6 billion Consolidated
Provision for warranties for completed construction ¥23.45 million Consolidated
Accounts payable for construction contracts ¥3.2 billion Consolidated
Tools, furniture and fixtures ¥6.68 million Consolidated
Buildings, net ¥0.1 billion Consolidated
Construction in progress ¥0.4 billion Consolidated
Provision for directors' bonuses ¥55.40 million Consolidated
Investments and other assets ¥0.3 billion Consolidated
Investment securities ¥16.25 million Consolidated
Property, plant and equipment ¥2.8 billion Consolidated
Advances received on construction contracts in progress ¥2.2 billion Consolidated
Costs on uncompleted construction contracts ¥0.2 billion Consolidated
Income taxes payable ¥0.4 billion Consolidated
Accrued consumption taxes ¥0.2 billion Consolidated
Accrued expenses ¥0.2 billion Consolidated
Accounts payable - other ¥62.89 million Consolidated
Raw materials and supplies ¥9.92 million Consolidated
Shareholders' equity ¥18.8 billion Consolidated
Structures, net ¥1.27 million Consolidated
Machinery and equipment, net ¥1.04 million Consolidated
Current liabilities ¥13.0 billion Consolidated
Current assets ¥28.8 billion Consolidated
Accumulated depreciation ¥-0.5 billion Consolidated
Intangible assets ¥0.3 billion Consolidated
Cash and cash equivalents ¥4.6 billion Consolidated
Cash and deposits ¥4.6 billion Consolidated
Short-term loans payable ¥4.0 billion Consolidated
Net assets ¥18.8 billion Consolidated
Net assets ¥18.8 billion Consolidated
Total assets ¥32.1 billion Consolidated
Deferred tax assets ¥0.1 billion Consolidated
Treasury stock ¥-5.18 million Consolidated
Valuation and translation adjustments ¥8.97 million Consolidated
Liabilities ¥13.4 billion Consolidated
Liabilities and net assets ¥32.1 billion Consolidated
Accounts payable - trade ¥0.59 million Consolidated
Capital surplus ¥0.8 billion Consolidated
Capital stock ¥1.2 billion Consolidated
Provision for bonuses ¥0.2 billion Consolidated
Vehicles, net ¥20.12 million Consolidated
Net defined benefit liability ¥15.71 million Consolidated
Long-term loans payable ¥0.2 billion Consolidated
Long-term prepaid expenses ¥14.45 million Consolidated
Electronically recorded obligations - operating ¥2.3 billion Consolidated
Electronically recorded monetary claims - operating ¥1.0 billion Consolidated
Deposits received ¥54.23 million Consolidated
Current portion of long-term loans payable ¥91.64 million Consolidated
Other ¥0.1 billion Parent only
Other ¥83.60 million Parent only
Other ¥0.8 billion Parent only
Valuation difference on available-for-sale securities ¥8.97 million Parent only
Other capital surplus ¥9.79 million Parent only
Software ¥81.90 million Parent only
Lease obligations ¥1.08 million Parent only
Lease assets ¥0.91 million Parent only
Investments in capital ¥2.21 million Parent only
General reserve ¥6.2 billion Parent only
Retained earnings ¥16.8 billion Parent only
Legal retained earnings ¥0.1 billion Parent only
Advances received ¥1.03 million Parent only
Prepaid expenses ¥87.31 million Parent only
Non-current liabilities ¥0.3 billion Parent only
Non-current assets ¥3.4 billion Parent only
Land ¥2.3 billion Parent only
Contract assets ¥20.4 billion Parent only
Accounts receivable from completed construction contracts ¥1.6 billion Parent only
Provision for warranties for completed construction ¥21.72 million Parent only
Accounts payable for construction contracts ¥3.2 billion Parent only
Tools, furniture and fixtures ¥4.21 million Parent only
Buildings, net ¥0.1 billion Parent only
Construction in progress ¥0.4 billion Parent only
Provision for directors' bonuses ¥55.40 million Parent only
Investments and other assets ¥0.6 billion Parent only
Investment securities ¥16.25 million Parent only
Property, plant and equipment ¥2.8 billion Parent only
Advances received on construction contracts in progress ¥2.2 billion Parent only
Costs on uncompleted construction contracts ¥0.2 billion Parent only
Income taxes payable ¥0.3 billion Parent only
Accrued consumption taxes ¥0.2 billion Parent only
Accrued expenses ¥0.2 billion Parent only
Accounts payable - other ¥58.63 million Parent only
Raw materials and supplies ¥9.90 million Parent only
Shareholders' equity ¥18.8 billion Parent only
Structures, net ¥1.27 million Parent only
Machinery and equipment, net ¥1.04 million Parent only
Current liabilities ¥12.8 billion Parent only
Current assets ¥28.4 billion Parent only
Intangible assets ¥82.81 million Parent only
Cash and deposits ¥4.4 billion Parent only
Short-term loans payable ¥4.0 billion Parent only
Net assets ¥18.8 billion Parent only
Net assets ¥18.8 billion Parent only
Total assets ¥31.9 billion Parent only
Deferred tax assets ¥0.1 billion Parent only
Retained earnings brought forward ¥10.5 billion Parent only
Treasury stock ¥-5.18 million Parent only
Valuation and translation adjustments ¥8.97 million Parent only
Liabilities ¥13.1 billion Parent only
Liabilities and net assets ¥31.9 billion Parent only
Capital surplus ¥0.8 billion Parent only
Legal capital surplus ¥0.8 billion Parent only
Capital stock ¥1.2 billion Parent only
Provision for bonuses ¥0.2 billion Parent only
Vehicles, net ¥19.93 million Parent only
Provision for retirement benefits ¥15.71 million Parent only
Long-term loans payable ¥0.2 billion Parent only
Long-term prepaid expenses ¥13.78 million Parent only
Shares of subsidiaries and associates ¥0.3 billion Parent only
Electronically recorded obligations - operating ¥2.3 billion Parent only
Electronically recorded monetary claims - operating ¥1.0 billion Parent only
Deposits received ¥52.39 million Parent only
Current portion of long-term loans payable ¥55.92 million Parent only

Statement of income (91 items)

ItemValueConsolidated / Non-consolidated
Other ¥4.24 million Consolidated
Other ¥5.10 million Consolidated
Other comprehensive income ¥4.53 million Consolidated
Valuation difference on available for sale securities net of tax ¥4.53 million Consolidated
Amortization of goodwill ¥20.57 million Consolidated
Commitment fee ¥0.1 billion Consolidated
Dividends from surplus ¥-0.6 billion Consolidated
Comprehensive income ¥1.2 billion Consolidated
Gain on investments in silent partnerships ¥15.73 million Consolidated
Interest income ¥3.70 million Consolidated
Dividend income ¥0.48 million Consolidated
Operating income ¥1.9 billion Consolidated
Non-operating income ¥24.14 million Consolidated
Non-operating expenses ¥0.2 billion Consolidated
Net cash provided by (used in) operating activities ¥-5.8 billion Consolidated
Gain on sales of non-current assets ¥0.33 million Consolidated
Cost of sales ¥31.7 billion Consolidated
Gross profit (loss) ¥3.7 billion Consolidated
Net sales ¥35.4 billion Consolidated
Net income ¥1.2 billion Consolidated
Net income ¥1.2 billion Consolidated
Net income (loss) ¥1.2 billion Consolidated
Net income (loss) ¥1.2 billion Consolidated
Provision for directors' bonuses ¥55.40 million Consolidated
Employee payrolls and allowances ¥0.5 billion Consolidated
Net cash provided by (used in) investing activities ¥-0.4 billion Consolidated
Interest expenses ¥53.73 million Consolidated
Income taxes - current ¥0.5 billion Consolidated
Income taxes ¥0.5 billion Consolidated
Income taxes - deferred ¥18.89 million Consolidated
Extraordinary income ¥0.33 million Consolidated
Net increase (decrease) in cash and cash equivalents ¥-2.9 billion Consolidated
Income (loss) before income taxes ¥1.7 billion Consolidated
Income (loss) before income taxes ¥1.7 billion Consolidated
Ordinary income ¥1.7 billion Consolidated
Disposal of treasury stock ¥0.41 million Consolidated
Purchase of treasury stock ¥-0.09 million Consolidated
Comprehensive income attributable to owners of parent ¥1.2 billion Consolidated
Net cash provided by (used in) financing activities ¥3.3 billion Consolidated
Selling, general and administrative expenses ¥1.8 billion Consolidated
Provision for bonuses ¥54.21 million Consolidated
Retirement benefit expenses ¥13.98 million Consolidated
Other ¥1.11 million Parent only
Other ¥2.94 million Parent only
Cost of other business sales ¥5.86 million Parent only
Sales on other business rev oa ¥13.12 million Parent only
Gross profit other business gp ¥7.26 million Parent only
Commitment fee ¥0.1 billion Parent only
Stationery expenses ¥16.17 million Parent only
Entertainment expenses ¥36.66 million Parent only
Insurance expenses ¥11.28 million Parent only
Repair and maintenance ¥0.1 billion Parent only
Dividends from surplus ¥-0.6 billion Parent only
Power utilities expenses ¥8.22 million Parent only
Interest income ¥4.13 million Parent only
Dividend income ¥0.48 million Parent only
Operating income ¥1.8 billion Parent only
Non-operating income ¥6.56 million Parent only
Non-operating expenses ¥0.2 billion Parent only
Rents ¥91.47 million Parent only
Cost of sales ¥31.4 billion Parent only
Gross profit (loss) ¥3.5 billion Parent only
Net sales ¥34.9 billion Parent only
Cost of sales of completed construction contracts cns ¥31.4 billion Parent only
Gross profit on completed construction contracts cns ¥3.5 billion Parent only
Net sales of completed construction contracts ¥34.9 billion Parent only
Donations ¥2.24 million Parent only
Advertising expenses ¥0.1 billion Parent only
Net income (loss) ¥1.1 billion Parent only
Net income (loss) ¥1.1 billion Parent only
Directors' compensations ¥0.1 billion Parent only
Provision for directors' bonuses ¥55.40 million Parent only
Employee payrolls and allowances ¥0.5 billion Parent only
Interest expenses ¥51.03 million Parent only
Gain on forfeiture of unclaimed dividends ¥0.84 million Parent only
Income taxes - current ¥0.5 billion Parent only
Income taxes ¥0.5 billion Parent only
Income taxes - deferred ¥23.05 million Parent only
Legal welfare expenses ¥98.55 million Parent only
Depreciation ¥43.73 million Parent only
Welfare expenses ¥67.01 million Parent only
Taxes and dues ¥67.62 million Parent only
Income (loss) before income taxes ¥1.6 billion Parent only
Ordinary income ¥1.6 billion Parent only
Disposal of treasury stock ¥0.41 million Parent only
Purchase of treasury stock ¥-0.09 million Parent only
Selling, general and administrative expenses ¥1.7 billion Parent only
Provision for bonuses ¥51.73 million Parent only
Retirement benefit expenses ¥13.98 million Parent only
Correspondence and transportation expenses ¥89.87 million Parent only
Miscellaneous expenses ¥0.2 billion Parent only

Statement of changes in equity (4 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥0.6 billion Consolidated
Net changes in items other than shareholders' equity ¥4.53 million Consolidated
Total changes during the period ¥0.5 billion Parent only
Net changes in items other than shareholders' equity ¥4.53 million Parent only

Statement of cash flows (30 items)

ItemValueConsolidated / Non-consolidated
Other ¥-2.33 million Consolidated
Other ¥-5.07 million Consolidated
Decrease increase in other inventories ope cfcns ¥16.39 million Consolidated
Increase (decrease) in other current liabilities ¥45.85 million Consolidated
Decrease (increase) in other current assets ¥47.04 million Consolidated
Amortization of goodwill ¥20.57 million Consolidated
Repayments of lease obligations ¥-2.53 million Consolidated
Increase decrease in notes and accounts payable trade ¥0.5 billion Consolidated
Interest expenses paid ¥-53.73 million Consolidated
Interest and dividends income received ¥4.17 million Consolidated
Interest and dividend income ¥-4.17 million Consolidated
Loss (gain) on sales of fixed assets ¥0.50 million Consolidated
(Increase) decrease in notes receivable, trade receivables, contract assets and other ¥-8.8 billion Consolidated
Increase decrease in provision for warranties for completed construction ¥-42.57 million Consolidated
Subtotal ¥-5.2 billion Consolidated
Increase (decrease) in provision for loss on construction contracts ¥-37.94 million Consolidated
Increase decrease in provision for directors bonuses ¥34.80 million Consolidated
Interest expenses ¥53.73 million Consolidated
Purchase of property plant and equipment and intangible assets ¥-0.4 billion Consolidated
Proceeds from sales of property plant and equipment ¥0.96 million Consolidated
Increase (decrease) in advances received on uncompleted constructions contracts ¥1.1 billion Consolidated
Decrease (increase) in costs on construction contracts in progress ¥10.52 million Consolidated
Income taxes paid ¥-0.4 billion Consolidated
Depreciation ¥51.96 million Consolidated
Decrease/increase in short-term loans payable ¥4.0 billion Consolidated
Regarding purchase of treasury stock ¥-0.09 million Consolidated
Increase (decrease) in provision for bonuses ¥15.04 million Consolidated
Increase (decrease) in net defined benefit liability ¥-2.10 million Consolidated
Dividends ¥-0.6 billion Consolidated
Repayment of long term loans payable ¥-91.64 million Consolidated
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥-5.8 billion ConsolidatedDisclosed
Dividend per share 120 Parent onlyDisclosed
Number of employees 302 ConsolidatedDisclosed
Net assets ¥18.8 billion ConsolidatedDisclosed
Net sales ¥35.4 billion ConsolidatedDisclosed
Operating income ¥1.9 billion ConsolidatedDisclosed
Ordinary income ¥1.7 billion ConsolidatedDisclosed
Net income ¥1.2 billion ConsolidatedDisclosed
Total assets ¥32.1 billion ConsolidatedDisclosed
Operating margin 5.3%ConsolidatedCalculated
Net margin 3.3%ConsolidatedCalculated
Sales per employee 117096811 yenConsolidatedCalculated
Total asset turnover 1.1 timesConsolidatedCalculated
Net assets to total assets 58.4%ConsolidatedCalculated
How to read the figures, and caveats

Terms

  • Consolidated: the parent company together with the subsidiaries it consolidates
  • Parent-only: the single company that filed the annual securities report
  • Calculated: a disclosed figure put through the formula shown
  • Not disclosed: no such value in the filing (not treated as zero)
  • Not retrieved: a value this page could not extract, including values in the filing that could not be matched. The same item may appear in another table
  • Segment: a business division the company uses in its disclosures
  • Industry median: the middle value among companies in the same industry that disclose the item
  • ★: position when every company is lined up by value (not a judgement of the company)See the formulas
  • Source: document name, period covered, filing date and where it was obtained
  • Tables scroll sideways

Key figures

  • Operating margin 5.3%　Operating income ÷ net sales 　＝ ¥1.9 billion ÷ ¥35.4 billion
    Operating income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Net margin 3.3%　Net income ÷ net sales 　＝ ¥1.2 billion ÷ ¥35.4 billion
    Net income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Sales per employee 117,096,811 yen　Sales or operating revenue ÷ employees 　＝ ¥35.4 billion ÷ 302 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 1.1 times　Sales or operating revenue ÷ total assets 　＝ ¥35.4 billion ÷ ¥32.1 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
  • Net assets to total assets 58.4%　Net assets ÷ total assets 　＝ ¥18.8 billion ÷ ¥32.1 billion
    Net assets ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).

Company details

  • Representative　President, Representative Director, gBizINFO

Revenue and profit by business segment

  • Source: segment information, Annual Securities Report (May 2025 to Apr 2026) · Consolidated · Net sales to external customers · filed 2026-07-29
  • Share: against the total of Net sales to external customers disclosed by business (100%). Adjustments, corporate, eliminations and “other” left out as they are not businesses (so no match with company-wide Net sales to external customers). Margin: calculated against the Net sales to external customers on the same row“報告セグメント計” in the segment information of the annual securities report: ¥35.4 billion. Gap against this table’s total (the part not listed as a business, such as “other”) within 1%The account may differ from “Revenue” at the top of this page

Amounts by account

  • Totals and their component lines together; consolidated and parent-only figures mixed (right-hand column)

Selling, general and administrative expenses

  • Breakdown of selling, general and administrative expenses (costs of selling and running the company). Cost of sales not included
  • Each item: already inside the SG&A total (not added to it)

Finance

  • Net assets to total assets　Net assets ÷ total assets
  • Return on assets (ROA)　Net income ÷ total assets (consolidated)
  • Net assets per share　Consolidated
  • Free cash flow　Free cash flow: operating cash flow (cash generated by the business) plus investing cash flow (asset purchases, disposals and other investments), consolidated
  • Total assets　Consolidated
  • Goodwill (the part of the acquisition price above the net assets acquired)　1% of net assets (consolidated)

Capital allocation

  • ★: position when all companies are sorted by value and cut into fifths (a position, not a rating). The five items with ★: only where both numerator and denominator are available on a consolidated basisSee the formulas
  • Cash conversion　Net cash provided by (used in) operating activities ÷ operating income
  • Investment securities to net assets　Investment securities ÷ net assets。Investment securities ¥16.25 million, over net assets ¥18.8 billion

Year-on-year comparison

  • Year on year: calculated only where the item, reporting range and accounting standard match and the periods are consecutive
  • Comparison basis not confirmed: periods with a change of accounting standard or reporting range, a moved fiscal year end, or an unconfirmed period
  • ◆: a period where revenue moved 20% or more from the prior year, profit as a share of revenue moved 2.0 percentage points or more, or profit or loss changed sign. Item used named in the table and list. Not a ranking of companies

Earnings and net assets per share over time

  • Earnings per share = net profit ÷ shares; net assets per share = net assets ÷ shares. Disclosed values from the key financial indicators of the annual securities report. No share prices used

Return on equity over time

  • Return on equity (ROE): net profit as a proportion of equity. For Japanese companies, the disclosed value in the key financial indicators of the annual securities report (decimals converted to percentages)

Dividend history

  • Payout ratio: dividends as a proportion of net profit. Dividend amounts and payout ratios: the reporting company’s parent-only disclosed values (as written in the annual securities report, not recalculated from consolidated profit). Consecutive increases: years in a row, from the latest backwards, in which the annual dividend per share rose. Consecutive years with a dividend: years in a row with an annual dividend per share above zero. Both this site’s own count (not the criteria of any published index). A year with no disclosure not read as zero; counting stops there. Range limited to the years listed above.

Share ownership by holder category

  • Source: ownership table, annual securities report. Percentages as disclosed, calculated on trading units (some companies do not total exactly 100%). Foreign holders (total): institutions and individuals combined. “Individuals and others”: a register category (not necessarily the share actually held by individuals). Industry median: the middle value among companies in Construction that disclose the item (industries with at least 5 companies only).

Major shareholders

  • Source: major shareholders table, annual securities report. Trust bank holdings as written (whose trust is not disclosed)

Research and development expenses and capital expenditure

  • Research and development: total in the R&D section of the annual securities report. Capital expenditure: this year’s actual spending in the capital expenditure overview (not a plan). Years: only those available in the annual securities reports on hand (one to four per company); no row for other years. Share of revenue: divided by consolidated revenue in the same annual securities report. Industry median: the middle value among companies in Construction that disclose the item (industries with at least 5 companies only).

Revenue scale in the same industry

  • Revenue (disclosed values) of companies in the same industry, using the same grouping as the industry pages. Only the top three and the two companies either side of this one. Bar length relative to the largest company (100). An order of size, not a ranking of quality

Workforce information

  • All four: the reporting company (parent-only), as disclosed in the employee section of the annual securities report. Employees across the consolidated group: 302 (a different scope, kept apart from the four above). Industry median: the middle value among companies in Construction that disclose the item (industries with at least 5 companies only).

People and organisation

  • Sales per employee　Net sales (or operating revenue) ÷ employees
  • Operating income per employee　Operating income ÷ employees
  • Wage gap between men and women　Women's pay with men's pay set to 100, reporting company
  • Share of female employees　gBizINFO, covering 正社員
  • Average temporary staff　Consolidated, average headcount other than regular employees

Workplace information filings

  • Source: processed from Shokuba-labo, the workplace information site of the Ministry of Health, Labour and Welfare. Items the company filed only Shokuba-labo

Audit and disclosure information

  • Whether there is a going concern note (the accounting assumption that a company will continue operating), and audit information
  • Audit firm, audit fees, going concern note and accounting standard: facts written in the latest annual securities report and the audit report filed with it (not a judgement of the company). Going concern note: “note” when the note text is present, “not applicable” when the report states nothing to report, “cannot be determined” when neither appears. Note text not reproduced. Amended filings not shown (annual securities reports only)

Data sources and calculation methods

Primary source: the annual securities report of NOVAC CO., LTD. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 4140001058111 / Accounting standard: Japanese GAAP

  • Amounts: machine transcription of EDINET XBRL (no manual re-keying). Long narrative notes are text and not in the account list. Identifiers: machine transcription of the EDINET code list (retrieved 2026-08-22)
  • ★: position of the value calculated from disclosed figures among the 4,240 companies on this site, on a five-step scale. Not a judgement of the company. No forecasts usedThe formulas and how they are counted
  • No rank: net assets as a share of total assets, cash conversion and revenue per employee (size alone does not show quality). Industry median shown for comparison. Cash conversion of 100%: operating cash flow equal to operating profit
  • Profit-and-loss chart: only where “sales − cost of sales − SG&A = operating income” holds between disclosed values. Cost breakdown: the six largest SG&A items
  • Trend charts: key financial indicators of the annual securities report. Amounts in billions of yen (dividend per share in yen). Long-run chart joins reports filed in different years (newer report for overlapping years). Some items stop part-way after a change of accounting standard. A stock split changes the weight of one share. Consolidated and parent-only in separate tables
  • Revenue scale in the same industry: bars of revenue (disclosed values) of companies in the same industry grouping as the industry pages, largest first. Only the top three and the two companies either side of this one. Each company’s latest fiscal year. An order of size, not a ranking of quality or an investment view
  • Share prices: not published (no data source allows redistribution). No share-price-based indicators (such as the price earnings ratio) and no extension of past growth into the future
  • Average age, average length of service and average annual salary: the reporting company alone (the parent). At a holding company, a small head-office staff. Payout ratio (basic facts): dividend per share ÷ consolidated earnings per share, calculated here (the payout ratio in the annual securities report is the reporting company’s figure, on a different basis). Representative and founding date: gBizINFO (Ministry of Economy, Trade and Industry), some companies only
  • “Retrieved disclosed figures”: every value readable as a number from the annual securities report. Company-wide values only (no segment or other breakdowns)
  • Segment table: machine transcription of the segment information in the annual securities report. Business names as labelled by the company in its XBRL. No table where segment sales differ from the disclosed total by more than 1%. Adjustments, corporate, eliminations and “other” left out of the table and the share denominator, as they are not businesses
  • Breakdowns of amounts, not diagrams of how the business works. Who pays whom, and for what, is not in the disclosed figures; no lines drawn from guesswork