Ano Kaisha no Shikumi
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TOYO ENGINEERING

TOYO ENGINEERING CORPORATION

Company highlights

A company that takes on plant work from design to construction, where profit is decided by the cost of completing it.

Vol.10, Chapter 6 (as of 2026-09-12)

Key figures

Period Apr 2025 to Mar 2026

RevenueDisclosed —
Operating marginCalculated Could not be retrieved
Net assets to total assetsCalculated 16.7%

Business revenue model

Featured in

Vol.10, Chapter 6 (as of 2026-09-12)

“Kaisha no Shikumi: Order Backlog and the Cost of Completion”, Chapter 6: Toyo Engineering: A Backlog on the Books, and an Operating Loss

Book’s reference date 2026-09-12 / data last checked 2026-10-20

Key points in this volumeAn order backlog represents expected future revenue, not guaranteed profit. The profit from each order depends on the contract price and the total cost of completing the work, often over several years.

Sales in the year ended March 2026 were ¥182.9 billion and the operating loss ¥19.0 billion, for an operating margin of minus 10.4%. The consolidated order backlog of ¥269.4 billion at the year-end is 1.47 times annual sales.

On a gas-fired power project in Brazil, talks with the customer on revising the price and the schedule did not reach agreement, and the company filed for arbitration in July 2025. Provisions for loss on construction contracts rose from ¥100 million in the year ended March 2022 to ¥3.3 billion in the year ended March 2026.

The move that changed Toyo Engineering

With the discussions on additional consideration and the schedule still unresolved, it filed for arbitration in July 2025.

On work taken on for a fixed amount, the contract amount does not change of itself when the schedule slips or the costs rise. Getting the customer to take on the increase means agreeing a revision of the contract, or, where no agreement is reached, settling the matter through arbitration or litigation. Toyo Engineering carried the discussions on and then filed for arbitration in July 2025. In the same year it took both the additional costs from the delay and the possibility that receivables cannot be collected into its accounts. The result of the arbitration will come later, and its amount is not in the accounts for this year.

Coverage in the book

  • A ¥269.4 Billion Backlog and a ¥19.0 Billion Operating Loss in the Same Year
  • What the Company Takes On Is One Package from Design to Commissioning
  • Four Operating Losses and Seven Years without a Dividend in Ten Fiscal Years
  • The Consolidated Order Backlog Is ¥269.4 Billion, 1.47 Times Annual Sales
  • On a Brazilian Power Plant Ordered in 2022, the Discussions Reached No Agreement

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Cover of “Kaisha no Shikumi: Order Backlog and the Cost of Completion” “Kaisha no Shikumi: Order Backlog and the Cost of Completion” Chapter 6: TOYO ENGINEERING “Toyo Engineering: A Backlog on the Books, and an Operating Loss” “Ano Kaisha no Shikumi” series, Vol.10 — Kindle and paperback Find it on Amazon →
note東洋エンジニアリングは受注残2,694億円と営業損失190億円が同じ期にある　10会計年度のうち営業損失は4回、無配は7回 (Japanese) 2026-10-01 Video東洋エンジニアリングは受注残2,694億円と営業損失190億円が同じ期にある。10会計年度のうち営業損失は4回、無配は7回 (Japanese) 2026-10-10 Video東洋エンジニアリングは受注残2,694億円と営業損失190億円が同じ期にある　10会計年度のうち営業損失は4回、無配は7回 (Japanese) 2026-10-10

Company profile

Securities code 6330 / EDINET code E01661 / Construction / Fiscal year end March 31

千葉市美浜区中瀬１丁目１番地／Capital stock ¥18,198 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Official website: https://www.toyo-eng.com/jp/ja/
Official website: gBizINFO (Ministry of Economy, Trade and Industry).

Company details
細井栄治 Representative
11/1/1944 Date of incorporation
14 Consolidated subsidiaries

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Apr 2025 to Mar 2026) · filed 2026-06-23

Profitability Could not be retrieved
Growth Could not be retrieved
Capital efficiency ★☆☆☆☆position among all companies 3.3%

Business activities and revenue composition

Revenue and profit by business segment

Disclosed segments (business divisions used in reporting): one

Revenue and profit

Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Employee payrolls and allowances ¥11.2 billion Consolidated
Research and development expenses ¥2.6 billion Consolidated
Miscellaneous expenses ¥2.0 billion Parent only
Outsourcing expenses ¥1.2 billion Parent only
Retirement benefit expenses ¥1.2 billion Consolidated
Depreciation ¥0.9 billion Consolidated
Traveling and transportation expenses ¥0.5 billion Parent only
Taxes and dues ¥0.3 billion Parent only
Supplies expenses ¥0.3 billion Parent only
Provision for bonuses ¥0.3 billion Consolidated
Investigation and research expenses ¥0.3 billion Parent only
Employees' bonuses ¥0.3 billion Parent only
Directors' compensations ¥0.2 billion Parent only
Legal welfare expenses ¥0.2 billion Parent only
Provision of allowance for doubtful accounts ¥0.1 billion Parent only
Advertising expenses ¥95.00 million Parent only
Insurance expenses ¥83.00 million Parent only
Rents ¥81.00 million Parent only
Welfare expenses ¥33.00 million Parent only
Entertainment expenses ¥29.00 million Parent only
Communication expenses ¥18.00 million Parent only
Retirement payments ¥16.00 million Parent only
Utilities expenses ¥14.00 million Parent only
Repair and maintenance ¥13.00 million Parent only
Profit by stage Operating income ¥-19.0 billion Consolidated
Net income ¥-14.9 billion Consolidated
Ordinary income ¥-11.4 billion Consolidated

TOYO ENGINEERING

Selling, general and administrative expenses

Period Apr 2025 to Mar 2026Source Annual securities reports

Employee payrolls and allowances ¥11.2 billion (58.6%)59%Research and development expenses ¥2.6 billion (13.8%)14%Miscellaneous expenses ¥2.0 billion (10.5%)11%Outsourcing expenses ¥1.2 billion (6.2%)6%Retirement benefit expenses ¥1.2 billion (6.1%)6%Depreciation ¥0.9 billion (4.7%)¥19.1B
  • Employee payrolls and allowances　¥11.2 billion
  • Research and development expenses　¥2.6 billion
  • Miscellaneous expenses　¥2.0 billion
  • Outsourcing expenses　¥1.2 billion
  • Retirement benefit expenses　¥1.2 billion
  • Depreciation　¥0.9 billion

Performance, financial position and capital allocation

Finance
16.7% Net assets to total assets Industry median 56.5% FY ending 3/2026 · consolidated / calculated
-5.7% Return on assets (ROA)
¥742.79 Net assets per share
¥9.5 billion Free cash flow
¥261.1 billion Total assets
Capital allocation
18.9% Property, plant and equipment purchases relative to depreciation ★☆☆☆☆ position among all companies FY ending 3/2026 · consolidated / calculated
15.7% Return to shareholders ★★☆☆☆ position among all companies FY ending 3/2026 · consolidated / calculated
17.3% Investment securities to net assets ★★★★☆ position among all companies FY ending 3/2026 · consolidated / calculated

TOYO ENGINEERING

Long-term revenue, profit and asset trends

Period 2013 to 2026Source Annual securities reportsDisclosed

Mark on the chart
7 -5 -16 -28 2013 2015 2017 2019 2021 2023 2025 2026 Ordinary income 2015　Ordinary income (loss) profit to loss 2016　Ordinary income (loss) loss to profit 2018　Ordinary income (loss) profit to loss 2019　Ordinary income (loss) loss to profit 2026　Ordinary income (loss) profit to loss -11Latest value 2026 -11¥ billion 7Highest in the period shown 2024 7¥ billion -28Lowest in the period shown 2018 -28¥ billion ¥ billion

TOYO ENGINEERING

Recent performance trends

Source Annual securities reports

7 1 -5 -11 4 years ago 3 years ago 2 years ago Last year This year Ordinary income ¥ billion

Year-on-year comparison

Period 2013 to 2026Disclosed

Item20222023202420252026
Ordinary income (loss) ¥3.1B ¥3.9B ¥7.0B ¥6.5B -¥11.4B
Change from prior year +12.4% +24.4% +79.9% -7.7% profit to loss◆

Fiscal periods marked for changes

Earlier fiscal periods (2)
  • 2015Ordinary income (loss) profit to loss
  • 2016Ordinary income (loss) loss to profit
  • 2018Ordinary income (loss) profit to loss
  • 2019Ordinary income (loss) loss to profit
  • 2026Ordinary income (loss) profit to loss

TOYO ENGINEERING

Earnings and net assets per share over time

Unit yenSource Annual securities reports

168 27 -114 -255 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 1,277 851 426 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen

TOYO ENGINEERING

Return on equity over time

Unit %Source Annual securities reports

17 12 6 0 4 years ago 3 years ago 2 years ago Last year This year Return on equity (ROE, %)
Consolidated indicators (13 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Ordinary income (loss) ¥3.1 billion ¥3.9 billion ¥7.0 billion ¥6.5 billion ¥-11.4 billion
Net income (loss) attributable to owners of parent ¥1.6 billion ¥1.6 billion ¥9.8 billion ¥2.0 billion ¥-14.9 billion
Comprehensive income ¥4.5 billion ¥4.5 billion ¥15.1 billion ¥-3.2 billion ¥-14.9 billion
Net assets ¥44.6 billion ¥49.1 billion ¥64.2 billion ¥60.2 billion ¥43.7 billion
Total assets ¥240.9 billion ¥256.3 billion ¥286.0 billion ¥286.6 billion ¥261.1 billion
Net assets per share 766.81 yen 885.04 yen 1,276.77 yen 1,174.35 yen 742.79 yen
Basic earnings (loss) per share 27.65 yen 28.11 yen 167.59 yen 34.49 yen -255.03 yen
Equity-to-asset ratio 18.4% 19.1% 22.4% 20.9% 16.7%
Return on equity 3.8% 3.5% 17.4% 3.3% Could not be retrieved
Net cash provided by (used in) operating activities ¥-6.8 billion ¥15.6 billion ¥6.0 billion ¥-23.1 billion ¥9.3 billion
Net cash provided by (used in) investing activities ¥-7.9 billion ¥-9.5 billion ¥7.3 billion ¥-19.8 billion ¥0.2 billion
Net cash provided by (used in) financing activities ¥7.6 billion ¥-1.6 billion ¥-1.1 billion ¥0.7 billion ¥6.3 billion
Cash and cash equivalents ¥89.8 billion ¥95.9 billion ¥109.1 billion ¥72.5 billion ¥87.0 billion
Parent only indicators (12 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Ordinary income (loss) ¥1.0 billion ¥-0.9 billion ¥10.3 billion ¥2.0 billion ¥-12.5 billion
Net income (loss) ¥1.0 billion ¥-0.6 billion ¥15.8 billion ¥1.7 billion ¥-13.7 billion
Capital stock ¥18.2 billion ¥18.2 billion ¥18.2 billion ¥18.2 billion ¥18.2 billion
Total number of issued shares (common stock) 38,558,000 shares 38,558,000 shares 38,558,000 shares 38,558,000 shares 52,588,000 shares
Net assets ¥12.4 billion ¥11.1 billion ¥26.3 billion ¥27.3 billion ¥11.3 billion
Total assets ¥164.5 billion ¥166.2 billion ¥188.6 billion ¥165.9 billion ¥130.3 billion
Net assets per share -67.71 yen -101.56 yen 294.11 yen 320.21 yen 128.22 yen
Dividend per share Could not be retrieved Could not be retrieved 12 yen 25 yen Could not be retrieved
Basic earnings (loss) per share 17.3 yen -10.2 yen 268.78 yen 28.58 yen -233.87 yen
Equity-to-asset ratio 7.5% 6.7% 13.9% 16.4% 8.7%
Return on equity 8.8% Could not be retrieved 84.3% 6.3% Could not be retrieved
Payout ratio Could not be retrieved Could not be retrieved 4.5% 87.5% Could not be retrieved

Dividend history

Source: reporting company’s key figures, annual securities reports · 7 years (2013 to 2025)Parent-onlyDisclosed

1 periods Consecutive increases (own definition) through FY ending 3/2025
2 periods Consecutive periods with dividends (site definition) through FY ending 3/2025
+108.3% 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 3/2025 ¥25 Could not be retrieved 87.5%
FY ending 3/2024 ¥12 Could not be retrieved 4.5%
FY 2023 Could not be retrieved Could not be retrieved Could not be retrieved
FY 2022 Could not be retrieved Could not be retrieved Could not be retrieved
FY 2021 Could not be retrieved Could not be retrieved Could not be retrieved
FY 2020 Could not be retrieved Could not be retrieved Could not be retrieved
FY 2019 Could not be retrieved Could not be retrieved Could not be retrieved
FY 2018 Could not be retrieved Could not be retrieved Could not be retrieved
FY ending 3/2017 ¥2 Could not be retrieved 90.1%
FY ending 3/2016 ¥4 Could not be retrieved Could not be retrieved
FY ending 3/2015 ¥4 ¥4 Could not be retrieved
FY ending 3/2014 ¥3 Could not be retrieved Could not be retrieved
FY ending 3/2013 ¥5 Could not be retrieved 22.2%

TOYO ENGINEERING

Dividends per share over time

Unit yenSource Annual securities reports

25 17 8 0 4 years ago 3 years ago 2 years ago Last year This year Dividend per share yen

Shareholder composition

As of 2026-03-31Disclosed

Share ownership by holder category

68,548 Shareholders
7.44% Foreign holders (total) Industry median 7.37%
47.68% Individuals and others Industry median 40.72%

TOYO ENGINEERING

Unit %Source Annual securities reports

  • Financial institutions16.44%
  • Securities firms7.30%
  • Other corporations21.14%
  • Foreign holders (institutions)7.10%
  • Foreign holders (individuals)0.34%
  • Individuals and others47.68%

Major shareholders

RankShareholderShareholding ratioShares held
1 三井物産株式会社 14.94% 8,754,000
2 インテグラルTeam投資事業有限責任組合 9.23% 5,411,000
3 株式会社日本カストディ銀行(三井住友信託銀行再信託分・三井化学株式会社退職給付信託口) 8.77% 5,140,000
4 日本マスタートラスト信託銀行株式会社(信託口) 3.8% 2,228,000
5 株式会社SBI証券 2.49% 1,457,000
6 大成建設株式会社 1.71% 1,000,000
7 Innovation Alpha Team L.P.PO Box 309, Ugland House Grand Cayman, KY1-1104 Cayman Islands 1.42% 829,000
8 BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE(常任代理人 株式会社三菱UFJ銀行) 1.02% 598,000
9 楽天証券株式会社共有口 0.92% 537,000
10 株式会社三井住友銀行 0.8% 470,000

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 2 years (2021 to 2026)Disclosed

¥2.6 billion Research and development
¥1.5 billion Capital expenditure
Fiscal year Research and development Capital expenditure
FY ending 3/2026 ¥2.6 billion ¥1.5 billion
FY ending 3/2021 ¥2.3 billion Could not be retrieved

Revenue scale in the same industry

Revenue of this company: not retrieved (no comparison)

Workforce information

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

973 Employees (parent only) Industry median 738
42.4 Average age Industry median 43.5
15.3 years Average length of service Industry median 15.7 years
¥9.20 million Average annual salary Industry median ¥8.02 million
People and organisation
¥-4.17 million Operating income per employee
73.0% Wage gap between men and women
5.6% Women in managerial positions
21.0% Share of female employees
77.4% Men taking childcare leave
Men 778
Women 197 Employees by gender
29 / 501 Female managers
2 / 32 Female officers
1,225 Average temporary staff

Administrative filings and published information

Workplace information filings

Filed 2026-09-25Disclosed

ItemValue
Employees 1,074
Average monthly overtime (statutory overtime plus work on statutory days off)
Scope: 正社員		 0 hours
Annual paid leave taken
Scope: 正社員		 61.1%
Share of managers who are women 5.8%
Share of board members who are women 6.3%

Audit and disclosure information

Annual securities report, year ended 2026-03-31Disclosed

ItemValue
Audit firm EY新日本有限責任監査法人
Audit fees (this year, total) ¥92.00 million
Non-audit fees (this year, total) ¥0.00 million
Audit fees (this year, network firms) ¥18.00 million
Non-audit fees (this year, network firms) ¥31.00 million
Going concern note Cannot be determined
Accounting standard Japanese GAAP

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Accounts unique to this company (7 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥182.9 billion Consolidated
Revenue ¥-0.2 billion Consolidated
Revenue ¥66.2 billion Parent only
Revenue 6,240,000 Parent only
Change in average annual salary from the previous year -3.9% Parent only
Revenue ¥2.2 billion Parent only
Revenue ¥24.1 billion Parent only

Major management indicators (5 years) (21 items)

ItemValueConsolidated / Non-consolidated
Comprehensive income ¥-14.9 billion Consolidated
Net cash provided by (used in) operating activities ¥9.3 billion Consolidated
Net cash provided by (used in) investing activities ¥0.2 billion Consolidated
Cash and cash equivalents ¥87.0 billion Consolidated
Net assets ¥43.7 billion Consolidated
Ordinary income (loss) ¥-11.4 billion Consolidated
Total assets ¥261.1 billion Consolidated
Equity-to-asset ratio 16.7% Consolidated
Net income (loss) attributable to owners of parent ¥-14.9 billion Consolidated
Net cash provided by (used in) financing activities ¥6.3 billion Consolidated
Basic earnings (loss) per share -255.03 yen Consolidated
Net assets per share 742.79 yen Consolidated
Net income (loss) ¥-13.7 billion Parent only
Total number of issued shares (common stock) 52,588,000 shares Parent only
Net assets ¥11.3 billion Parent only
Ordinary income (loss) ¥-12.5 billion Parent only
Total assets ¥130.3 billion Parent only
Equity-to-asset ratio 8.7% Parent only
Capital stock ¥18.2 billion Parent only
Basic earnings (loss) per share -233.87 yen Parent only
Net assets per share 128.22 yen Parent only

Employees (10 items)

ItemValueConsolidated / Non-consolidated
Number of employees 4,559 people Consolidated
Number of employees 4,559 people Consolidated
Wage gap between men and women (all employees) 73.0% Parent only
Average length of service (years) 15.3 years Parent only
Average annual salary ¥9.20 million Parent only
Average age (years) 42.4 years old Parent only
Number of employees 973 people Parent only
Number of employees 973 people Parent only
Wage gap between men and women (regular employees) 73.5% Parent only
Wage gap between men and women (non-regular employees) 61.3% Parent only

Other disclosed items (10 items)

ItemValueConsolidated / Non-consolidated
Average number of temporary employees 1,225 people Consolidated
Average number of temporary employees 1,225 people Consolidated
Number of associates accounted for using equity method 3 companies Consolidated
Number of unconsolidated subsidiaries accounted for using equity method 0 companies Consolidated
Number of consolidated subsidiaries 14 companies Consolidated
Rate of male employees taking childcare leave (all employees) 77.4% Parent only
Average number of temporary employees 202 people Parent only
Average number of temporary employees 202 people Parent only
Total return on the share price index 202.2% Parent only
Ratio of female employees in managerial positions 5.6% Parent only

Shares (18 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 26,426,000 shares Consolidated
Total number of shares held treasury shares etc 231,100 shares Consolidated
Number of voting rights held 210,577 units Consolidated
Number of issues whose number of shares decreased shares not listed investment shares held for purposes other than pure investment reporting company 1 issues Consolidated
Number of issues whose number of shares decreased shares other than those not listed investment shares held for purposes other than pure investment reporting company 2 issues Consolidated
Total sale amount for decreased shares shares not listed investment shares held for purposes other than pure investment reporting company ¥17.00 million Consolidated
Total sale amount for decreased shares shares other than those not listed investment shares held for purposes other than pure investment reporting company ¥1.1 billion Consolidated
Number of shares 58,828,807 shares Consolidated
Shareholding ratio treasury shares etc 0.4% Consolidated
Shareholding ratio 45.1% Consolidated
Ratio of voting rights held 40.5% Consolidated
Number of shares held in own name treasury shares etc 231,100 shares Consolidated
Number of voting rights 519,806 units Consolidated
Carrying amount on the balance sheet ¥1.3 billion Consolidated
Carrying amount on the balance sheet ¥2.1 billion Consolidated
Number of issues 16 issues Consolidated
Number of issues 6 issues Consolidated
Total shareholder return 337.0% Parent only

Research and development (1 items)

ItemValueConsolidated / Non-consolidated
Research and development expenses ¥2.6 billion Consolidated

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥1.5 billion Consolidated

Audit (10 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥5.00 million Consolidated
Fees for audit and attestation services - reporting company ¥92.00 million Consolidated
Fees for audit and attestation services - total ¥18.00 million Consolidated
Fees for audit and attestation services - total ¥92.00 million Consolidated
Fees for audit and attestation services - consolidated subsidiaries ¥13.00 million Consolidated
Fees for non-audit services - reporting company ¥16.00 million Consolidated
Fees for non-audit services - reporting company ¥0 Consolidated
Fees for non-audit services - total ¥31.00 million Consolidated
Fees for non-audit services - total ¥0 Consolidated
Non audit fees consolidated subsidiaries network firms ¥15.00 million Consolidated

Balance sheet (140 items)

ItemValueConsolidated / Non-consolidated
Other ¥2.2 billion Consolidated
Other ¥8.1 billion Consolidated
Other ¥24.2 billion Consolidated
Other ¥8.1 billion Consolidated
Other ¥5.2 billion Consolidated
Valuation difference on available-for-sale securities ¥1.2 billion Consolidated
Lease obligations ¥0.6 billion Consolidated
Lease assets ¥2.1 billion Consolidated
Retained earnings ¥12.5 billion Consolidated
Notes receivable, accounts receivable from completed construction contracts and other ¥76.9 billion Consolidated
Non-current liabilities ¥35.3 billion Consolidated
Non-current assets ¥47.4 billion Consolidated
Land ¥2.3 billion Consolidated
Provision for warranties for completed construction ¥41.00 million Consolidated
Allowance for construction loss ¥3.3 billion Consolidated
Buildings and structures ¥7.0 billion Consolidated
Construction in progress ¥43.00 million Consolidated
Investments and other assets ¥32.3 billion Consolidated
Investment securities ¥7.5 billion Consolidated
Notes payable accounts payable for construction contracts and other cns ¥55.4 billion Consolidated
Property, plant and equipment ¥10.0 billion Consolidated
Accounts receivable - other ¥8.5 billion Consolidated
Advances received on construction contracts in progress ¥56.8 billion Consolidated
Costs on uncompleted construction contracts ¥9.8 billion Consolidated
Income taxes payable ¥1.5 billion Consolidated
Shareholders' equity ¥34.8 billion Consolidated
Machinery, vehicles, tools, furniture and fixtures ¥7.8 billion Consolidated
Current liabilities ¥182.1 billion Consolidated
Current assets ¥213.7 billion Consolidated
Accumulated depreciation and impairment loss ¥-9.2 billion Consolidated
Forward exchange contracts ¥3.9 billion Consolidated
Forward exchange contracts ¥2.0 billion Consolidated
Foreign currency translation adjustment ¥2.3 billion Consolidated
Intangible assets ¥5.2 billion Consolidated
Cash and cash equivalents ¥87.0 billion Consolidated
Cash and deposits ¥105.2 billion Consolidated
Short-term loans payable ¥36.3 billion Consolidated
Net assets ¥43.7 billion Consolidated
Net assets ¥43.7 billion Consolidated
Total assets ¥261.1 billion Consolidated
Deferred gains or losses on hedges ¥-1.3 billion Consolidated
Deferred tax liabilities ¥6.7 billion Consolidated
Deferred tax assets ¥1.2 billion Consolidated
Treasury stock ¥-0.5 billion Consolidated
Valuation and translation adjustments ¥8.7 billion Consolidated
Liabilities ¥217.4 billion Consolidated
Liabilities and net assets ¥261.1 billion Consolidated
Allowance for doubtful accounts ¥-4.4 billion Consolidated
Allowance for doubtful accounts ¥-2.2 billion Consolidated
Capital surplus ¥4.6 billion Consolidated
Capital stock ¥18.2 billion Consolidated
Provision for bonuses ¥0.8 billion Consolidated
Remeasurements of defined benefit plans ¥6.5 billion Consolidated
Net defined benefit liability ¥1.5 billion Consolidated
Net defined benefit asset ¥15.3 billion Consolidated
Long-term loans payable ¥23.9 billion Consolidated
Long-term loans receivable ¥4.6 billion Consolidated
Provision for loss on business of subsidiaries and affiliates ¥0.2 billion Consolidated
Non-controlling interests ¥0.2 billion Consolidated
Deposit from customer ¥5.4 billion Consolidated
Other ¥0.8 billion Parent only
Other ¥0.7 billion Parent only
Other ¥2.2 billion Parent only
Other ¥16.2 billion Parent only
Valuation difference on available-for-sale securities ¥1.1 billion Parent only
Software ¥3.1 billion Parent only
Software in progress ¥1.8 billion Parent only
Lease obligations ¥37.00 million Parent only
Lease obligations ¥21.00 million Parent only
Lease assets ¥0.1 billion Parent only
Lease assets, net ¥53.00 million Parent only
Suspense receipt ¥8.8 billion Parent only
Retained earnings ¥-10.9 billion Parent only
Prepaid pension cost ¥4.3 billion Parent only
Prepaid expenses ¥0.8 billion Parent only
Notes receivable - trade ¥1.8 billion Parent only
Right of trademark ¥7.00 million Parent only
Non-current liabilities ¥26.1 billion Parent only
Non-current assets ¥29.3 billion Parent only
Accounts receivable from completed construction contracts ¥27.1 billion Parent only
Provision for warranties for completed construction ¥29.00 million Parent only
Allowance for construction loss ¥74.00 million Parent only
Accounts payable for construction contracts ¥24.8 billion Parent only
Tools, furniture and fixtures ¥1.9 billion Parent only
Tools, furniture and fixtures ¥0.9 billion Parent only
Buildings ¥3.3 billion Parent only
Buildings, net ¥3.0 billion Parent only
Construction in progress ¥0 Parent only
Investments and other assets ¥20.4 billion Parent only
Investment securities ¥3.4 billion Parent only
Property, plant and equipment ¥4.0 billion Parent only
Accounts receivable - other ¥5.3 billion Parent only
Advances received on construction contracts in progress ¥29.4 billion Parent only
Costs on uncompleted construction contracts ¥4.0 billion Parent only
Income taxes payable ¥0.6 billion Parent only
Accrued expenses ¥0.5 billion Parent only
Accounts payable - other ¥0.3 billion Parent only
Shareholders' equity ¥11.4 billion Parent only
Machinery and equipment ¥0.1 billion Parent only
Machinery and equipment, net ¥42.00 million Parent only
Current liabilities ¥92.9 billion Parent only
Current assets ¥101.0 billion Parent only
Accumulated depreciation and impairment loss ¥-71.00 million Parent only
Accumulated depreciation and impairment loss ¥-1.0 billion Parent only
Accumulated depreciation and impairment loss ¥-0.3 billion Parent only
Accumulated depreciation and impairment loss ¥-78.00 million Parent only
Accumulated depreciation and impairment loss ¥-4.00 million Parent only
Forward exchange contracts ¥2.0 billion Parent only
Forward exchange contracts ¥0.8 billion Parent only
Intangible assets ¥5.0 billion Parent only
Cash and deposits ¥49.0 billion Parent only
Short-term loans payable ¥19.9 billion Parent only
Net assets ¥11.3 billion Parent only
Net assets ¥11.3 billion Parent only
Total assets ¥130.3 billion Parent only
Deferred gains or losses on hedges ¥-1.2 billion Parent only
Deferred tax liabilities ¥1.1 billion Parent only
Retained earnings brought forward ¥-10.9 billion Parent only
Treasury stock ¥-0.5 billion Parent only
Valuation and translation adjustments ¥-45.00 million Parent only
Liabilities ¥119.0 billion Parent only
Liabilities and net assets ¥130.3 billion Parent only
Allowance for doubtful accounts ¥-4.6 billion Parent only
Allowance for doubtful accounts ¥-8.0 billion Parent only
Capital surplus ¥4.5 billion Parent only
Legal capital surplus ¥4.5 billion Parent only
Capital stock ¥18.2 billion Parent only
Provision for bonuses ¥0.4 billion Parent only
Vehicle and delivery equipment ¥4.00 million Parent only
Vehicles, net ¥0 Parent only
Long-term loans payable ¥23.9 billion Parent only
Long-term prepaid expenses ¥71.00 million Parent only
Long-term loans receivable ¥0.1 billion Parent only
Provision for loss on business of subsidiaries and affiliates ¥0.2 billion Parent only
Investments in capital of subsidiaries and affiliates ¥0.9 billion Parent only
Shares of subsidiaries and associates ¥8.4 billion Parent only
Long-term loans receivable from subsidiaries and affiliates ¥7.1 billion Parent only
Telephone subscription right ¥10.00 million Parent only
Deposit from customer ¥4.0 billion Parent only
Deposits received ¥1.6 billion Parent only

Statement of income (97 items)

ItemValueConsolidated / Non-consolidated
Other comprehensive income ¥70.00 million Consolidated
Valuation difference on available for sale securities net of tax ¥79.00 million Consolidated
Dividends from surplus ¥-1.5 billion Consolidated
Comprehensive income ¥-14.9 billion Consolidated
Interest income ¥1.3 billion Consolidated
Dividend income ¥0.2 billion Consolidated
Operating income ¥-19.0 billion Consolidated
Non-operating income ¥11.8 billion Consolidated
Non-operating expenses ¥4.2 billion Consolidated
Net cash provided by (used in) operating activities ¥9.3 billion Consolidated
Cost of sales of completed construction contracts cns ¥176.5 billion Consolidated
Gross profit on completed construction contracts cns ¥6.4 billion Consolidated
Net sales of completed construction contracts ¥182.9 billion Consolidated
Net income ¥-14.9 billion Consolidated
Net income ¥-14.9 billion Consolidated
Net income (loss) ¥-14.9 billion Consolidated
Net income (loss) ¥-14.9 billion Consolidated
Employee payrolls and allowances ¥11.2 billion Consolidated
Net cash provided by (used in) investing activities ¥0.2 billion Consolidated
Share of profit of investments accounted for using equity method ¥8.4 billion Consolidated
Share of other comprehensive income of investments accounted for using equity method ¥0.1 billion Consolidated
Interest expenses ¥3.1 billion Consolidated
Income taxes - current ¥3.7 billion Consolidated
Income taxes ¥3.5 billion Consolidated
Income taxes - deferred ¥-0.2 billion Consolidated
Depreciation ¥0.9 billion Consolidated
Foreign exchange losses ¥0.6 billion Consolidated
Foreign currency translation adjustment net of tax ¥-2.2 billion Consolidated
Effect of exchange rate change on cash and cash equivalents ¥-1.2 billion Consolidated
Net increase (decrease) in cash and cash equivalents ¥14.5 billion Consolidated
Research and development expenses ¥2.6 billion Consolidated
Research and development expenses ¥2.6 billion Consolidated
Income (loss) before income taxes ¥-11.4 billion Consolidated
Income (loss) before income taxes ¥-11.4 billion Consolidated
Ordinary income ¥-11.4 billion Consolidated
Deferred gains or losses on hedges net of tax ¥-0.8 billion Consolidated
Disposal of treasury stock ¥0 Consolidated
Purchase of treasury stock ¥-4.00 million Consolidated
Comprehensive income attributable to owners of parent ¥-14.9 billion Consolidated
Net cash provided by (used in) financing activities ¥6.3 billion Consolidated
Selling, general and administrative expenses ¥25.5 billion Consolidated
Provision for bonuses ¥0.3 billion Consolidated
Remeasurements of defined benefit plans net of tax ¥2.9 billion Consolidated
Retirement benefit expenses ¥1.2 billion Consolidated
Miscellaneous income ¥1.9 billion Consolidated
Miscellaneous expenses ¥0.5 billion Consolidated
Comprehensive income attributable to non-controlling interests ¥8.00 million Consolidated
Net income (loss) attributable to non-controlling interests ¥18.00 million Consolidated
Entertainment expenses ¥29.00 million Parent only
Insurance expenses ¥83.00 million Parent only
Repair and maintenance ¥13.00 million Parent only
Dividends from surplus ¥-1.5 billion Parent only
Interest income ¥0.5 billion Parent only
Dividend income ¥16.3 billion Parent only
Operating income ¥0.3 billion Parent only
Non-operating income ¥18.9 billion Parent only
Non-operating expenses ¥31.7 billion Parent only
Rents ¥81.00 million Parent only
Outsourcing expenses ¥1.2 billion Parent only
Cost of sales of completed construction contracts cns ¥54.6 billion Parent only
Gross profit on completed construction contracts cns ¥11.6 billion Parent only
Net sales of completed construction contracts ¥66.2 billion Parent only
Advertising expenses ¥95.00 million Parent only
Net income (loss) ¥-13.7 billion Parent only
Net income (loss) ¥-13.7 billion Parent only
Directors' compensations ¥0.2 billion Parent only
Employee payrolls and allowances ¥2.8 billion Parent only
Employees' bonuses ¥0.3 billion Parent only
Interest expenses ¥0.7 billion Parent only
Traveling and transportation expenses ¥0.5 billion Parent only
Interest on securities ¥23.00 million Parent only
Utilities expenses ¥14.00 million Parent only
Income taxes - current ¥0.9 billion Parent only
Income taxes ¥1.2 billion Parent only
Income taxes - deferred ¥0.3 billion Parent only
Legal welfare expenses ¥0.2 billion Parent only
Supplies expenses ¥0.3 billion Parent only
Depreciation ¥77.00 million Parent only
Foreign exchange gains ¥0.9 billion Parent only
Research and development expenses ¥2.6 billion Parent only
Welfare expenses ¥33.00 million Parent only
Taxes and dues ¥0.3 billion Parent only
Income (loss) before income taxes ¥-12.5 billion Parent only
Ordinary income ¥-12.5 billion Parent only
Disposal of treasury stock ¥0 Parent only
Purchase of treasury stock ¥-4.00 million Parent only
Investigation and research expenses ¥0.3 billion Parent only
Selling, general and administrative expenses ¥11.3 billion Parent only
Provision of allowance for doubtful accounts ¥5.7 billion Parent only
Provision of allowance for doubtful accounts ¥0.1 billion Parent only
Provision for bonuses ¥49.00 million Parent only
Retirement benefit expenses ¥-73.00 million Parent only
Retirement payments ¥16.00 million Parent only
Communication expenses ¥18.00 million Parent only
Miscellaneous income ¥1.2 billion Parent only
Miscellaneous expenses ¥1.3 billion Parent only
Miscellaneous expenses ¥2.0 billion Parent only

Statement of changes in equity (4 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥-16.5 billion Consolidated
Net changes in items other than shareholders' equity ¥55.00 million Consolidated
Total changes during the period ¥-15.9 billion Parent only
Net changes in items other than shareholders' equity ¥-0.8 billion Parent only

Statement of cash flows (37 items)

ItemValueConsolidated / Non-consolidated
Other ¥-2.3 billion Consolidated
Other ¥35.00 million Consolidated
Other ¥-37.00 million Consolidated
Increase (decrease) in other liabilities ¥3.8 billion Consolidated
Decrease (increase) in other assets ¥-2.4 billion Consolidated
Amortization of goodwill ¥-3.00 million Consolidated
Repayments of finance lease obligations ¥-0.6 billion Consolidated
Increase decrease in notes and accounts payable trade ¥-29.9 billion Consolidated
Interest expenses paid ¥-2.0 billion Consolidated
Interest and dividends income received ¥9.0 billion Consolidated
Interest and dividend income ¥-1.6 billion Consolidated
Decrease increase in notes and accounts receivable trade ¥37.2 billion Consolidated
Net decrease increase in time deposits ¥0.4 billion Consolidated
Subtotal ¥5.1 billion Consolidated
Increase (decrease) in provision for loss on construction contracts ¥0.8 billion Consolidated
Proceeds from sales of investment securities ¥1.1 billion Consolidated
Loss (gain) on sales of long-term investment securities ¥-0.9 billion Consolidated
Equity in earnings losses of affiliates ¥-8.4 billion Consolidated
Interest expenses ¥3.1 billion Consolidated
Purchase of property plant and equipment ¥-0.6 billion Consolidated
Proceeds from sales of property plant and equipment ¥0.2 billion Consolidated
Loss gain on sales of property plant and equipment ¥-0.2 billion Consolidated
(Increase) decrease in accounts receivables other ¥5.5 billion Consolidated
Increase (decrease) in advances received on uncompleted constructions contracts ¥3.9 billion Consolidated
Decrease (increase) in costs on construction contracts in progress ¥-0.3 billion Consolidated
Income taxes paid ¥-2.7 billion Consolidated
Depreciation ¥3.0 billion Consolidated
Foreign exchange loss (gain) ¥67.00 million Consolidated
Purchase of intangible assets ¥-0.9 billion Consolidated
Decrease/increase in short-term loans payable ¥2.4 billion Consolidated
Net decrease increase in short term loans receivable ¥-10.00 million Consolidated
Increase (decrease) in allowance for doubtful accounts ¥74.00 million Consolidated
Increase (decrease) in net defined benefit liability ¥-0.5 billion Consolidated
Dividends ¥-1.5 billion Consolidated
Proceeds from long term loans payable ¥9.8 billion Consolidated
Repayment of long term loans payable ¥-3.8 billion Consolidated
Decrease (increase) in deposits paid ¥5.4 billion Consolidated
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥9.3 billion ConsolidatedDisclosed
Dividend per share Not disclosedNot applicable Not disclosed
Number of employees 4,559 ConsolidatedDisclosed
Net assets ¥43.7 billion ConsolidatedDisclosed
Operating income ¥-19.0 billion ConsolidatedDisclosed
Ordinary income ¥-11.4 billion ConsolidatedDisclosed
Net income ¥-14.9 billion ConsolidatedDisclosed
Total assets ¥261.1 billion ConsolidatedDisclosed
Operating margin Not disclosedNot applicableNot calculated (a required value is not disclosed)
Net margin Not disclosedNot applicableNot calculated (a required value is not disclosed)
Sales per employee Not disclosedNot applicableNot calculated (a required value is not disclosed)
Total asset turnover Not disclosedNot applicableNot calculated (a required value is not disclosed)
Net assets to total assets 16.7%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

  • Net assets to total assets 16.7%　Net assets ÷ total assets 　＝ ¥43.7 billion ÷ ¥261.1 billion
    Net assets ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).

Company details

  • Representative　President and Director, gBizINFO
  • Date of incorporation　gBizINFO · 81 years since incorporation
  • Consolidated subsidiaries　Annual Securities Report

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

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
  • Property, plant and equipment purchases relative to depreciation　Purchase of property, plant and equipment ÷ depreciation。Purchase of property, plant and equipment ¥0.6 billion, over depreciation ¥3.0 billion
  • Return to shareholders　(dividends paid + purchase of treasury stock) ÷ net cash provided by operating activities。Dividends paid ¥1.5 billion (no treasury stock purchase disclosed), over operating cash flow ¥9.3 billion
  • Investment securities to net assets　Investment securities ÷ net assets。Investment securities ¥7.5 billion, over net assets ¥43.7 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.

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: 4,559 (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

  • 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
  • Women in managerial positions　Reporting company (parent only)
  • Share of female employees　gBizINFO, covering その他
  • Men taking childcare leave　Reporting company (parent only)
  • Employees by gender　gBizINFO
  • Female managers　gBizINFO: 29 women among 501 managers
  • Female officers　gBizINFO: 2 women among 32 officers
  • 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 TOYO ENGINEERING CORPORATION on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 9010001024113 / 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
  • No reproduction of the book’s content. Figures from the same filings; text written separately