Kanadevia
Kanadevia Corporation
Company highlights
A company that builds waste treatment plants and then operates and maintains them.
Vol.10, Chapter 4 (as of 2026-09-12)
Key figures
Period Apr 2025 to Mar 2026ConsolidatedJapanese GAAP
Business revenue model
Featured in
Vol.10, Chapter 4 (as of 2026-09-12)
“Kaisha no Shikumi: Order Backlog and the Cost of Completion”, Chapter 4: Kanadevia: Years of Construction, Then Decades of Operation
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 ¥645.22 billion and operating profit ¥12.19 billion. The order backlog at the end of the year was ¥2,284.7 billion, which works out at 3.54 times sales when calculated from the disclosed figures.
The company discloses that 64% of the backlog is continuing business, such as operation and maintenance, and 36% is EPC. About 25% is expected to become sales within one year, about 27% in one to three years and about 48% four years out or later.
The move that changed Kanadevia
Kanadevia Inova bought the company that had been operating a plant its own group built, and completed the acquisition on March 13, 2026.
The Dublin plant was delivered by Kanadevia Inova, then named Hitachi Zosen Inova, as the main contractor for its design, construction and commissioning, and it began operating in 2017. What the company acquired is Encyclis Ireland Operations, which had carried out the operation and maintenance of the plant after it began running. In the announcement of the acquisition agreement in March 2025, the company said it would take over the operation and maintenance work for the remaining 38 years through to 2062. The plant generates electricity for about 115,000 households. The company calls a project developed as a single package, with long-term O&M following the EPC, a Recurrent Origination, and distinguishes it from one-off EPC work for third parties. For the year ending March 2029, Kanadevia Inova has set out a target it calls the 40/40/20 model: recurring business 40%, projects of that integrated kind 40%, and one-off EPC for third parties 20%. Goodwill stood at ¥1.08 billion ($6.75 million) at the end of the year ended March 2023, ¥4.26 billion at the end of the year ended March 2024, ¥14.06 billion at the end of the year ended March 2025 and ¥31.11 billion at the end of the year ended March 2026, and the company says it comes from acquisitions of O&M companies and similar deals.
Coverage in the book
- When the Construction Ends, the Operating Contract Begins
- 64% of the Backlog Is Operation and Maintenance after Construction
- Construction Is Recognized as Sales by Progress, Operation over the Period of the Service
- The Backlog for a Single Plant Holds Both Construction and Operation
- Sales of the Recurring Business in the Environment Segment Reached ¥249.21 Billion
Related books, articles and videos
“Kaisha no Shikumi: Order Backlog and the Cost of Completion”
Chapter 4: Kanadevia
“Kanadevia: Years of Construction, Then Decades of Operation”
“Ano Kaisha no Shikumi” series, Vol.10 — Kindle and paperback
Find it on Amazon →
Company profile
Tables scroll sideways
Disclosed data
Business activities and revenue composition
Kanadevia
Revenue and profit by business segment
Period Apr 2025 to Mar 2026Source Annual securities reportsConsolidated・Disclosed
| Business | Net sales to external customers | Operating income | ||||
|---|---|---|---|---|---|---|
| This year | Share | Last year | This year | Margin | Last year | |
| Environmental | ¥505.2 billion | 78.6% | ¥453.5 billion | ¥16.7 billion | 3.3% | ¥25.4 billion |
| 脱炭素化 | ¥69.2 billion | 10.8% | ¥70.2 billion | ¥-2.5 billion | -3.6% | ¥0.1 billion |
| Machinery | ¥68.5 billion | 10.6% | ¥83.0 billion | ¥-2.4 billion | -3.5% | ¥1.0 billion |
| Total of the businesses | ¥642.9 billion | 100.0% | ||||
Revenue and profit
Kanadevia
Period Apr 2025 to Mar 2026Source Annual securities reports
Amounts by account
| Group | Account | Amount | Consolidated / Non-consolidated |
|---|---|---|---|
| Selling, general and administrative expenses | Salaries and allowances | ¥37.8 billion | Consolidated |
| Other | ¥31.2 billion | Consolidated | |
| Experiment and research expenses | ¥12.6 billion | Consolidated | |
| Selling expenses | ¥9.3 billion | Consolidated | |
| Traveling and transportation expenses | ¥3.4 billion | Consolidated | |
| Rent expenses | ¥2.5 billion | Consolidated | |
| Amortization of goodwill | ¥2.4 billion | Consolidated | |
| Profit by stage | Gross profit (loss) | ¥109.1 billion | Consolidated |
| Ordinary income | ¥13.6 billion | Consolidated | |
| Operating income | ¥12.2 billion | Consolidated | |
| Net income | ¥11.1 billion | Consolidated |
Kanadevia
Selling, general and administrative expenses
Period Apr 2025 to Mar 2026Source Annual securities reports
- Salaries and allowances ¥37.8 billion
- Other ¥31.2 billion
- Experiment and research expenses ¥12.6 billion
- Selling expenses ¥9.3 billion
- Traveling and transportation expenses ¥3.4 billion
- Rent expenses ¥2.5 billion
Performance, financial position and capital allocation
Long-term changes in performance
Kanadevia
Long-term revenue, profit and asset trends
Period 2013 to 2026Source Annual securities reportsDisclosed
Kanadevia
Recent performance trends
Source Annual securities reports
Year-on-year comparison
| Item | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net sales | ¥441.8B | ¥492.7B | ¥555.8B | ¥610.5B | ¥645.2B |
| Year on year (%) | +8.1% | +11.5% | +12.8% | +9.8% | +5.7% |
| Ordinary income (loss) | ¥11.8B | ¥17.8B | ¥25.6B | ¥24.3B | ¥13.6B |
| Change from prior year | -0.1% | +51.4% | +43.8% | -5.1% | -44.0% |
| Ordinary income (loss) as a share of Net sales | 2.7% | 3.6% | 4.6% | 4.0% | 2.1% |
| Change (percentage points) | -0.2 points | +1.0 points | +1.0 points | -0.6 points | -1.9 points |
Kanadevia
Earnings and net assets per share over time
Unit yenSource Annual securities reports
Kanadevia
Return on equity over time
Unit %Source Annual securities reports
Consolidated indicators (14 items)
| Item | 4 years ago | 3 years ago | 2 years ago | Last year | This year |
|---|---|---|---|---|---|
| Net sales | ¥441.8 billion | ¥492.7 billion | ¥555.8 billion | ¥610.5 billion | ¥645.2 billion |
| Ordinary income (loss) | ¥11.8 billion | ¥17.8 billion | ¥25.6 billion | ¥24.3 billion | ¥13.6 billion |
| Net income (loss) attributable to owners of parent | ¥7.9 billion | ¥15.6 billion | ¥19.0 billion | ¥22.1 billion | ¥11.1 billion |
| Comprehensive income | ¥9.0 billion | ¥10.8 billion | ¥26.5 billion | ¥31.1 billion | ¥12.2 billion |
| Net assets | ¥132.9 billion | ¥141.3 billion | ¥168.9 billion | ¥197.9 billion | ¥203.4 billion |
| Total assets | ¥461.2 billion | ¥479.7 billion | ¥533.6 billion | ¥609.7 billion | ¥718.6 billion |
| Net assets per share | 779.08 yen | 828.47 yen | 965.21 yen | 1,125.91 yen | 1,169.89 yen |
| Basic earnings (loss) per share | 46.87 yen | 92.43 yen | 112.74 yen | 131.33 yen | 66.2 yen |
| Equity-to-asset ratio | 28.5% | 29.1% | 30.5% | 31.1% | 27.4% |
| Return on equity | 6.1% | 11.5% | 12.6% | 12.6% | 5.8% |
| Net cash provided by (used in) operating activities | ¥26.9 billion | ¥28.0 billion | ¥0.5 billion | ¥24.8 billion | ¥11.6 billion |
| Net cash provided by (used in) investing activities | ¥0.9 billion | ¥-2.5 billion | ¥-21.5 billion | ¥-56.6 billion | ¥-48.0 billion |
| Net cash provided by (used in) financing activities | ¥-8.8 billion | ¥-7.8 billion | ¥-2.6 billion | ¥30.1 billion | ¥41.5 billion |
| Cash and cash equivalents | ¥66.0 billion | ¥84.9 billion | ¥69.8 billion | ¥68.7 billion | ¥77.3 billion |
Parent only indicators (13 items)
| Item | 4 years ago | 3 years ago | 2 years ago | Last year | This year |
|---|---|---|---|---|---|
| Net sales | ¥221.1 billion | ¥223.8 billion | ¥209.3 billion | ¥216.3 billion | ¥214.5 billion |
| Ordinary income (loss) | ¥6.7 billion | ¥4.2 billion | ¥10.2 billion | ¥5.0 billion | ¥4.4 billion |
| Net income (loss) | ¥1.7 billion | ¥8.1 billion | ¥7.8 billion | ¥11.1 billion | ¥10.0 billion |
| Capital stock | ¥45.4 billion | ¥45.4 billion | ¥45.4 billion | ¥45.4 billion | ¥45.4 billion |
| Total number of issued shares (common stock) | 170,214,000 shares | 170,214,000 shares | 170,214,000 shares | 170,214,000 shares | 170,214,000 shares |
| Net assets | ¥90.4 billion | ¥96.3 billion | ¥94.5 billion | ¥101.5 billion | ¥107.5 billion |
| Total assets | ¥324.3 billion | ¥324.1 billion | ¥325.6 billion | ¥355.0 billion | ¥413.8 billion |
| Net assets per share | 536.61 yen | 571.58 yen | 560.55 yen | 603.66 yen | 639.01 yen |
| Dividend per share | 12 yen | 18 yen | 23 yen | 25 yen | 25 yen |
| Basic earnings (loss) per share | 10.22 yen | 47.83 yen | 46.41 yen | 65.92 yen | 59.57 yen |
| Equity-to-asset ratio | 27.9% | 29.7% | 29.0% | 28.6% | 26.0% |
| Return on equity | 1.9% | 8.6% | 8.2% | 11.3% | 9.6% |
| Payout ratio | 117.4% | 37.6% | 49.6% | 37.9% | 42.0% |
Dividend history
| Fiscal year | Annual dividend per share | Of which interim | Payout ratio (as reported, parent only) | Flag |
|---|---|---|---|---|
| FY ending 3/2026 | ¥25 | Could not be retrieved | 42.0% | |
| FY ending 3/2025 | ¥25 | Could not be retrieved | 37.9% | |
| FY ending 3/2024 | ¥23 | Could not be retrieved | 49.6% | |
| FY ending 3/2023 | ¥18 | Could not be retrieved | 37.6% | |
| FY ending 3/2022 | ¥12 | Could not be retrieved | 117.4% | |
| FY ending 3/2021 | ¥12 | Could not be retrieved | 51.4% | |
| FY ending 3/2020 | ¥12 | Could not be retrieved | 342.9% | |
| FY ending 3/2019 | ¥12 | Could not be retrieved | 26.3% | |
| FY ending 3/2018 | ¥12 | Could not be retrieved | Could not be retrieved | |
| FY ending 3/2017 | ¥12 | Could not be retrieved | 68.8% | |
| FY ending 3/2016 | ¥12 | Could not be retrieved | 70.6% | |
| FY ending 3/2015 | ¥10 | Could not be retrieved | 31.5% | |
| FY ending 3/2014 | ¥10 | Could not be retrieved | 35.8% | Stock split or share consolidation noted |
| FY ending 3/2013 | ¥2 | Could not be retrieved | 24.0% |
Kanadevia
Dividends per share over time
Unit yenSource Annual securities reports
Shareholder composition
Share ownership by holder category
Kanadevia
Unit %Source Annual securities reports
- Financial institutions32.26%
- Securities firms6.02%
- Other corporations1.30%
- Foreign holders (institutions)36.46%
- Foreign holders (individuals)0.03%
- Individuals and others23.91%
- Government and municipalities0.02%
Major shareholders
| Rank | Shareholder | Shareholding ratio | Shares held |
|---|---|---|---|
| 1 | 日本マスタートラスト信託銀行株式会社(信託口) | 17.26% | 29,082,000 |
| 2 | 株式会社日本カストディ銀行(信託口) | 5.33% | 8,980,000 |
| 3 | STATE STREET BANK AND TRUST COMPANY 505301(常任代理人 株式会社みずほ銀行) | 3.3% | 5,556,000 |
| 4 | STATE STREET BANK AND TRUST COMPANY 505223(常任代理人 株式会社みずほ銀行) | 3.19% | 5,370,000 |
| 5 | 株式会社三菱UFJ銀行 | 3.14% | 5,291,000 |
| 6 | STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行) | 2.38% | 4,013,000 |
| 7 | HSBC-FUND SERVICES HSBC - 006 MF EFM(常任代理人 香港上海銀行東京支店) | 1.84% | 3,100,000 |
| 8 | HSBC BANK PLC A/C M AND G(ACS)VALUE PARTNERSCHINA EQUITY FUND(常任代理人 香港上海銀行東京支店) | 1.83% | 3,086,000 |
| 9 | カナデビア職員持株会 | 1.56% | 2,636,000 |
| 10 | THE BANK OF NEW YORK MELLON 140042(常任代理人 株式会社みずほ銀行) | 1.56% | 2,621,000 |
Research and development expenses and capital expenditure
| Fiscal year | Research and development | Capital expenditure |
|---|---|---|
| FY ending 3/2026 | ¥12.6 billion | ¥25.2 billion |
| FY ending 3/2025 | ¥12.0 billion | Could not be retrieved |
| FY ending 3/2021 | ¥6.7 billion | ¥10.8 billion |
| FY ending 3/2020 | ¥6.9 billion | Could not be retrieved |
| FY ending 3/2017 | ¥7.1 billion | Could not be retrieved |
| FY ending 3/2016 | ¥6.5 billion | Could not be retrieved |
Research and development expenses and capital expenditure by segment (FY ending 3/2026)
| Segment | Research and development | Capital expenditure |
|---|---|---|
| Environmental | ¥6.9 billion | ¥17.6 billion |
| 脱炭素化 | ¥2.0 billion | ¥1.7 billion |
| Machinery | ¥1.1 billion | ¥4.8 billion |
Revenue scale in the same industry
Kanadevia
Source Annual securities reports of each company
Machinery: 221 companies · revenue · largest first・each company’s latest fiscal year・Consolidated・Disclosed
- 1 DAIKIN INDUSTRIESFY Mar 2026 ¥5.0T
- 2 Mitsubishi Heavy IndustriesFY Mar 2026 ¥5.0T
- 3 KUBOTAFY Dec 2025 ¥3.0T
- … 9 companies
- 13 MakitaFY Mar 2026 ¥777.6B
- 14 DAIFUKUFY Dec 2025 ¥660.7B
- 15 KanadeviaThis companyFY Mar 2026 ¥645.2B
- 16 SEGA SAMMYFY Mar 2026 ¥487.5B
- 17 HOSHIZAKIFY Dec 2025 ¥485.9B
- … 204 companies
Workforce information
Women 12.3 yrs Average length of service by gender
Women 396 Employees by gender
Administrative filings and published information
Workplace information filings
| Item | Value |
|---|---|
| Employees | 3,804 |
| Average monthly overtime (statutory overtime plus work on statutory days off) |
12.3 hours |
| Annual paid leave taken (all employees) | 78.1% |
| Childcare leave taken, men |
101% |
| Childcare leave taken, women |
100% |
| Share of managers who are women | 4.4% |
| Share of board members who are women | 12.9% |
Subsidy award information
| Date approved | Subsidy | Ministry | Amount |
|---|---|---|---|
| 2019-07-19 | 令和元年度質の高いインフラの海外展開に向けた事業実施可能性調査事業費補助金(ミャンマー国でのパッケージ型浄水設備による上水供給事業可能性調査事業) | 経済産業省 | ¥19.72 million |
| 2019-07-19 | 令和元年度質の高いインフラの海外展開に向けた事業実施可能性調査事業費補助金(ミャンマー国でのパッケージ型浄水設備による上水供給事業可能性調査事業) | 経済産業省 | ¥23.99 million |
Greenhouse gas emissions
| Category | Emissions |
|---|---|
| 特定事業所排出者 | 18,217 t-CO2 |
| Sites covered by the report | 5 |
Audit and disclosure information
| Item | Value |
|---|---|
| Audit firm | 有限責任あずさ監査法人 |
| Audit fees (this year, total) | ¥0.2 billion |
| Non-audit fees (this year, total) | ¥14.00 million |
| Audit fees (this year, network firms) | ¥0.2 billion |
| Non-audit fees (this year, network firms) | ¥0.1 billion |
| Going concern note | Cannot be determined |
| Accounting standard | Japanese GAAP |
Sources and methodology
Retrieved disclosed figures
Major management indicators (5 years) (27 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Comprehensive income | ¥12.2 billion | Consolidated |
| Net cash provided by (used in) operating activities | ¥11.6 billion | Consolidated |
| Net sales | ¥645.2 billion | Consolidated |
| Net cash provided by (used in) investing activities | ¥-48.0 billion | Consolidated |
| Cash and cash equivalents | ¥77.3 billion | Consolidated |
| Net assets | ¥203.4 billion | Consolidated |
| Ordinary income (loss) | ¥13.6 billion | Consolidated |
| Total assets | ¥718.6 billion | Consolidated |
| Return on equity | 5.8% | Consolidated |
| Equity-to-asset ratio | 27.4% | Consolidated |
| Net income (loss) attributable to owners of parent | ¥11.1 billion | Consolidated |
| Net cash provided by (used in) financing activities | ¥41.5 billion | Consolidated |
| Basic earnings (loss) per share | 66.2 yen | Consolidated |
| Net assets per share | 1,169.89 yen | Consolidated |
| Dividend per share | 25 yen | Parent only |
| Net sales | ¥214.5 billion | Parent only |
| Net income (loss) | ¥10.0 billion | Parent only |
| Total number of issued shares (common stock) | 170,214,000 shares | Parent only |
| Net assets | ¥107.5 billion | Parent only |
| Ordinary income (loss) | ¥4.4 billion | Parent only |
| Total assets | ¥413.8 billion | Parent only |
| Return on equity | 9.6% | Parent only |
| Equity-to-asset ratio | 26.0% | Parent only |
| Capital stock | ¥45.4 billion | Parent only |
| Payout ratio | 42.0% | Parent only |
| Basic earnings (loss) per share | 59.57 yen | Parent only |
| Net assets per share | 639.01 yen | Parent only |
Employees (11 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Number of employees | 12,666 people | Consolidated |
| Number of employees | 12,666 people | Consolidated |
| Wage gap between men and women (all employees) | 79.2% | Parent only |
| Average length of service (years) | 15.8 years | Parent only |
| Average annual salary | ¥8.30 million | Parent only |
| Average age (years) | 43.9 years old | Parent only |
| Number of employees | 4,088 people | Parent only |
| Number of employees | 4,088 people | Parent only |
| Number of employees | 4,088 people | Parent only |
| Wage gap between men and women (regular employees) | 80.0% | Parent only |
| Wage gap between men and women (non-regular employees) | 70.7% | Parent only |
Shares (16 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Number of shares held | 69,739,000 shares | Consolidated |
| Total number of shares held treasury shares etc | 1,713,200 shares | Consolidated |
| Number of issues whose number of shares increased shares other than those 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 not listed investment shares held for purposes other than pure investment reporting company | 3 issues | Consolidated |
| Total acquisition cost for increased shares shares other than those not listed investment shares held for purposes other than pure investment reporting company | ¥0.5 billion | Consolidated |
| Total sale amount for decreased shares shares not listed investment shares held for purposes other than pure investment reporting company | ¥70.00 million | Consolidated |
| Number of shares | 170,214,843 shares | Consolidated |
| Shareholding ratio treasury shares etc | 1.0% | Consolidated |
| Shareholding ratio | 41.4% | Consolidated |
| Number of shares held in own name treasury shares etc | 1,713,200 shares | Consolidated |
| Number of voting rights | 1,680,277 units | Consolidated |
| Carrying amount on the balance sheet | ¥2.5 billion | Consolidated |
| Carrying amount on the balance sheet | ¥0.5 billion | Consolidated |
| Number of issues | 59 issues | Consolidated |
| Number of issues | 2 issues | Consolidated |
| Total shareholder return | 124.0% | Parent only |
Other disclosed items (9 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Net sales to external customers | ¥645.2 billion | Consolidated |
| Number of associates accounted for using equity method | 37 companies | Consolidated |
| Investments accounted for using equity method | ¥30.5 billion | Consolidated |
| Increase in property plant and equipment and intangible assets | ¥25.3 billion | Consolidated |
| Depreciation | ¥15.6 billion | Consolidated |
| Number of consolidated subsidiaries | 168 companies | Consolidated |
| Rate of male employees taking childcare leave (all employees) | 100.0% | Parent only |
| Total return on the share price index | 202.2% | Parent only |
| Ratio of female employees in managerial positions | 4.8% | Parent only |
Research and development (2 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Research and development expenses included in general and administrative expenses and manufacturing cost for current period | ¥12.6 billion | Consolidated |
| Research and development expenses | ¥12.6 billion | Consolidated |
Property and facilities (1 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Capital expenditures | ¥25.2 billion | Consolidated |
Audit (10 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Fees for audit and attestation services - reporting company | ¥0.1 billion | Consolidated |
| Fees for audit and attestation services - total | ¥0.2 billion | Consolidated |
| Fees for audit and attestation services - total | ¥0.2 billion | Consolidated |
| Fees for audit and attestation services - consolidated subsidiaries | ¥0.2 billion | Consolidated |
| Fees for audit and attestation services - consolidated subsidiaries | ¥69.00 million | Consolidated |
| Fees for non-audit services - reporting company | ¥21.00 million | Consolidated |
| Fees for non-audit services - reporting company | ¥14.00 million | Consolidated |
| Fees for non-audit services - total | ¥0.1 billion | Consolidated |
| Fees for non-audit services - total | ¥14.00 million | Consolidated |
| Non audit fees consolidated subsidiaries network firms | ¥82.00 million | Consolidated |
Accounts unique to this company (19 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Revenue | ¥1.4 billion | Consolidated |
| Revenue | ¥0.2 billion | Consolidated |
| Revenue | ¥1.0 billion | Consolidated |
| Revenue | ¥0.5 billion | Consolidated |
| Revenue | ¥0.2 billion | Consolidated |
| Revenue | ¥0.2 billion | Consolidated |
| Revenue | ¥0.2 billion | Consolidated |
| Revenue | ¥2.7 billion | Consolidated |
| Revenue | ¥-0.2 billion | Consolidated |
| Revenue | ¥0.8 billion | Consolidated |
| Revenue | ¥0.2 billion | Consolidated |
| Change in average annual salary from the previous year | 4.8% | Parent only |
| Revenue | ¥0.2 billion | Parent only |
| Revenue | ¥1.0 billion | Parent only |
| Revenue | ¥0.5 billion | Parent only |
| Revenue | ¥1.0 billion | Parent only |
| Revenue | ¥0.2 billion | Parent only |
| Revenue | ¥48.00 million | Parent only |
| Revenue | ¥2.5 billion | Parent only |
Balance sheet (163 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥5.7 billion | Consolidated |
| Other | ¥9.2 billion | Consolidated |
| Other | ¥46.2 billion | Consolidated |
| Other | ¥63.0 billion | Consolidated |
| Other | ¥31.8 billion | Consolidated |
| Valuation difference on available-for-sale securities | ¥1.4 billion | Consolidated |
| Goodwill | ¥31.1 billion | Consolidated |
| Goodwill | ¥31.1 billion | Consolidated |
| Lease obligations | ¥9.5 billion | Consolidated |
| Lease obligations | ¥1.9 billion | Consolidated |
| Lease assets | ¥0.9 billion | Consolidated |
| Lease assets, net | ¥0.3 billion | Consolidated |
| Work in process | ¥7.9 billion | Consolidated |
| Right of use assets-PPE | ¥15.1 billion | Consolidated |
| Right of use assets, net-PPE | ¥10.7 billion | Consolidated |
| Provision for construction on warranties | ¥19.7 billion | Consolidated |
| Retained earnings | ¥125.8 billion | Consolidated |
| Raw materials and supplies | ¥12.2 billion | Consolidated |
| Notes receivable - trade | ¥261.2 billion | Consolidated |
| Merchandise and finished goods | ¥2.4 billion | Consolidated |
| Non-current liabilities | ¥136.7 billion | Consolidated |
| Non-current assets | ¥295.4 billion | Consolidated |
| Land | ¥52.1 billion | Consolidated |
| Revaluation reserve for land | ¥-20.00 million | Consolidated |
| Contract liabilities | ¥54.9 billion | Consolidated |
| Allowance for construction loss | ¥8.0 billion | Consolidated |
| Tools, furniture and fixtures | ¥23.2 billion | Consolidated |
| Tools, furniture and fixtures | ¥5.4 billion | Consolidated |
| Buildings and structures | ¥81.2 billion | Consolidated |
| Buildings and structures, net | ¥29.9 billion | Consolidated |
| Construction in progress | ¥4.7 billion | Consolidated |
| Provision for directors' retirement benefits | ¥21.00 million | Consolidated |
| Investments and other assets | ¥88.8 billion | Consolidated |
| Investment securities | ¥37.2 billion | Consolidated |
| Notes and accounts payable - trade | ¥60.7 billion | Consolidated |
| Securities | ¥1.00 million | Consolidated |
| Property, plant and equipment | ¥143.6 billion | Consolidated |
| Income taxes payable | ¥3.8 billion | Consolidated |
| Accrued expenses | ¥99.2 billion | Consolidated |
| Shareholders' equity | ¥177.7 billion | Consolidated |
| Provision for share-based compensation | ¥27.00 million | Consolidated |
| Machinery, equipment and vehicles | ¥118.0 billion | Consolidated |
| Machinery, equipment and vehicles, net | ¥40.5 billion | Consolidated |
| Current liabilities | ¥378.6 billion | Consolidated |
| Current assets | ¥423.2 billion | Consolidated |
| Accumulated depreciation | ¥-0.6 billion | Consolidated |
| Accumulated depreciation | ¥-4.4 billion | Consolidated |
| Accumulated depreciation | ¥-17.7 billion | Consolidated |
| Accumulated depreciation | ¥-51.3 billion | Consolidated |
| Accumulated depreciation | ¥-77.5 billion | Consolidated |
| Foreign currency translation adjustment | ¥5.6 billion | Consolidated |
| Intangible assets | ¥62.9 billion | Consolidated |
| Cash and cash equivalents | ¥77.3 billion | Consolidated |
| Cash and deposits | ¥78.0 billion | Consolidated |
| Short-term loans payable | ¥66.2 billion | Consolidated |
| Bond issuance cost | ¥59.00 million | Consolidated |
| Net assets | ¥203.4 billion | Consolidated |
| Net assets | ¥203.4 billion | Consolidated |
| Total assets | ¥718.6 billion | Consolidated |
| Total assets | ¥718.6 billion | Consolidated |
| Deferred gains or losses on hedges | ¥1.9 billion | Consolidated |
| Deferred tax liabilities | ¥6.5 billion | Consolidated |
| Deferred tax assets | ¥25.6 billion | Consolidated |
| Deferred assets | ¥59.00 million | Consolidated |
| Treasury stock | ¥-1.3 billion | Consolidated |
| Provision for loss on litigation | ¥0.6 billion | Consolidated |
| Valuation and translation adjustments | ¥19.1 billion | Consolidated |
| Liabilities | ¥515.2 billion | Consolidated |
| Liabilities and net assets | ¥718.6 billion | Consolidated |
| Allowance for doubtful accounts | ¥-0.7 billion | Consolidated |
| Allowance for doubtful accounts | ¥-1.6 billion | Consolidated |
| Capital surplus | ¥7.8 billion | Consolidated |
| Capital stock | ¥45.4 billion | Consolidated |
| Asset retirement obligations | ¥1.6 billion | Consolidated |
| Remeasurements of defined benefit plans | ¥10.1 billion | Consolidated |
| Net defined benefit liability | ¥14.8 billion | Consolidated |
| Net defined benefit asset | ¥14.5 billion | Consolidated |
| Long-term loans payable | ¥96.5 billion | Consolidated |
| Long-term loans receivable | ¥3.1 billion | Consolidated |
| Electronically recorded obligations - operating | ¥6.4 billion | Consolidated |
| Non-controlling interests | ¥6.6 billion | Consolidated |
| Current portion of bonds payable | ¥10.0 billion | Consolidated |
| Other | ¥0.2 billion | Parent only |
| Other | ¥2.0 billion | Parent only |
| Other | ¥6.5 billion | Parent only |
| Other | ¥1.8 billion | Parent only |
| Other | ¥1.9 billion | Parent only |
| Valuation difference on available-for-sale securities | ¥-23.00 million | Parent only |
| Other capital surplus | ¥4.2 billion | Parent only |
| Software | ¥2.0 billion | Parent only |
| Lease obligations | ¥0.5 billion | Parent only |
| Lease obligations | ¥0.2 billion | Parent only |
| Lease assets, net | ¥0.7 billion | Parent only |
| Work in process | ¥3.4 billion | Parent only |
| Provision for construction on warranties | ¥2.3 billion | Parent only |
| Retained earnings | ¥52.5 billion | Parent only |
| Legal retained earnings | ¥3.5 billion | Parent only |
| Prepaid expenses | ¥0.8 billion | Parent only |
| Advance payments trade | ¥17.3 billion | Parent only |
| Raw materials and supplies | ¥2.0 billion | Parent only |
| Notes receivable - trade | ¥3.3 billion | Parent only |
| Non-current liabilities | ¥102.2 billion | Parent only |
| Non-current assets | ¥210.3 billion | Parent only |
| Land | ¥47.6 billion | Parent only |
| Revaluation reserve for land | ¥-0.3 billion | Parent only |
| Accounts receivable - trade | ¥44.5 billion | Parent only |
| Contract liabilities | ¥9.7 billion | Parent only |
| Contract assets | ¥66.6 billion | Parent only |
| Allowance for construction loss | ¥3.6 billion | Parent only |
| Tools, furniture and fixtures | ¥1.0 billion | Parent only |
| Buildings, net | ¥14.6 billion | Parent only |
| Construction in progress | ¥2.0 billion | Parent only |
| Investments and other assets | ¥131.4 billion | Parent only |
| Investment securities | ¥4.2 billion | Parent only |
| Notes payable trade | ¥3.00 million | Parent only |
| Right of using facilities | ¥83.00 million | Parent only |
| Securities | ¥1.00 million | Parent only |
| Property, plant and equipment | ¥74.9 billion | Parent only |
| Accounts receivable - other | ¥11.1 billion | Parent only |
| Income taxes payable | ¥0.3 billion | Parent only |
| Accrued expenses | ¥34.5 billion | Parent only |
| Accounts payable - other | ¥4.6 billion | Parent only |
| Shareholders' equity | ¥106.8 billion | Parent only |
| Provision for share-based compensation | ¥27.00 million | Parent only |
| Structures, net | ¥3.4 billion | Parent only |
| Machinery and equipment, net | ¥5.6 billion | Parent only |
| Current liabilities | ¥204.1 billion | Parent only |
| Current assets | ¥203.4 billion | Parent only |
| Intangible assets | ¥4.0 billion | Parent only |
| Patent right | ¥0 | Parent only |
| Cash and deposits | ¥21.9 billion | Parent only |
| Short-term loans payable | ¥59.7 billion | Parent only |
| Short-term loans receivable with resale agreement | ¥28.4 billion | Parent only |
| Bond issuance cost | ¥6.00 million | Parent only |
| Advances paid | ¥4.0 billion | Parent only |
| Net assets | ¥107.5 billion | Parent only |
| Net assets | ¥107.5 billion | Parent only |
| Total assets | ¥413.8 billion | Parent only |
| Deferred gains or losses on hedges | ¥1.0 billion | Parent only |
| Deferred tax assets | ¥13.7 billion | Parent only |
| Deferred assets | ¥6.00 million | Parent only |
| Retained earnings brought forward | ¥49.0 billion | Parent only |
| Treasury stock | ¥-1.3 billion | Parent only |
| Valuation and translation adjustments | ¥0.7 billion | Parent only |
| Liabilities | ¥306.3 billion | Parent only |
| Liabilities and net assets | ¥413.8 billion | Parent only |
| Accounts payable - trade | ¥21.9 billion | Parent only |
| Allowance for doubtful accounts | ¥-2.5 billion | Parent only |
| Allowance for doubtful accounts | ¥-1.5 billion | Parent only |
| Capital surplus | ¥10.2 billion | Parent only |
| Legal capital surplus | ¥5.9 billion | Parent only |
| Capital stock | ¥45.4 billion | Parent only |
| Asset retirement obligations | ¥0.8 billion | Parent only |
| Vehicles, net | ¥18.00 million | Parent only |
| Provision for retirement benefits | ¥12.6 billion | Parent only |
| Long-term loans payable | ¥86.7 billion | Parent only |
| Long-term prepaid expenses | ¥1.3 billion | Parent only |
| Long-term loans receivable | ¥71.1 billion | Parent only |
| Investments in capital of subsidiaries and affiliates | ¥3.2 billion | Parent only |
| Shares of subsidiaries and associates | ¥38.3 billion | Parent only |
| Electronically recorded obligations - operating | ¥3.9 billion | Parent only |
| Deposits received | ¥45.7 billion | Parent only |
| Current portion of bonds payable | ¥10.0 billion | Parent only |
Statement of income (90 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥4.2 billion | Consolidated |
| Other | ¥1.8 billion | Consolidated |
| Other | ¥31.2 billion | Consolidated |
| Other comprehensive income | ¥0.8 billion | Consolidated |
| Valuation difference on available for sale securities net of tax | ¥-0.2 billion | Consolidated |
| Amortization of goodwill | ¥2.4 billion | Consolidated |
| Dividends from surplus | ¥-4.2 billion | Consolidated |
| Comprehensive income | ¥12.2 billion | Consolidated |
| Interest income | ¥2.7 billion | Consolidated |
| Dividend income | ¥0.3 billion | Consolidated |
| Operating income | ¥12.2 billion | Consolidated |
| Operating income | ¥12.2 billion | Consolidated |
| Non-operating income | ¥10.1 billion | Consolidated |
| Non-operating expenses | ¥8.7 billion | Consolidated |
| Net cash provided by (used in) operating activities | ¥11.6 billion | Consolidated |
| Cost of sales | ¥536.2 billion | Consolidated |
| Gross profit (loss) | ¥109.1 billion | Consolidated |
| Net sales | ¥645.2 billion | Consolidated |
| Net sales | ¥645.2 billion | Consolidated |
| Net income | ¥11.1 billion | Consolidated |
| Net income | ¥11.1 billion | Consolidated |
| Net income (loss) | ¥11.4 billion | Consolidated |
| Net income (loss) | ¥11.4 billion | Consolidated |
| Loss on valuation of investment securities | ¥50.00 million | Consolidated |
| Net cash provided by (used in) investing activities | ¥-48.0 billion | Consolidated |
| Share of profit of investments accounted for using equity method | ¥2.7 billion | Consolidated |
| Share of other comprehensive income of investments accounted for using equity method | ¥1.0 billion | Consolidated |
| Guarantee commission | ¥1.0 billion | Consolidated |
| Interest expenses | ¥2.3 billion | Consolidated |
| Traveling and transportation expenses | ¥3.4 billion | Consolidated |
| Income taxes - current | ¥3.4 billion | Consolidated |
| Income taxes | ¥-0.3 billion | Consolidated |
| Income taxes - deferred | ¥-3.7 billion | Consolidated |
| Impairment loss | ¥1.9 billion | Consolidated |
| Impairment loss | ¥1.9 billion | Consolidated |
| Foreign exchange losses | ¥3.3 billion | Consolidated |
| Foreign currency translation adjustment net of tax | ¥3.2 billion | Consolidated |
| Extraordinary income | ¥2.0 billion | Consolidated |
| Extraordinary loss | ¥4.6 billion | Consolidated |
| Effect of exchange rate change on cash and cash equivalents | ¥3.4 billion | Consolidated |
| Net increase (decrease) in cash and cash equivalents | ¥8.6 billion | Consolidated |
| Income (loss) before income taxes | ¥11.0 billion | Consolidated |
| Income (loss) before income taxes | ¥11.0 billion | Consolidated |
| Ordinary income | ¥13.6 billion | Consolidated |
| Salaries and allowances | ¥37.8 billion | Consolidated |
| Deferred gains or losses on hedges net of tax | ¥0.6 billion | Consolidated |
| Disposal of treasury stock | ¥52.00 million | Consolidated |
| Purchase of treasury stock | ¥-16.00 million | Consolidated |
| Subsidy income | ¥0.2 billion | Consolidated |
| Comprehensive income attributable to owners of parent | ¥11.6 billion | Consolidated |
| Experiment and research expenses | ¥12.6 billion | Consolidated |
| Gain on bargain purchase | ¥1.6 billion | Consolidated |
| Net cash provided by (used in) financing activities | ¥41.5 billion | Consolidated |
| Selling expenses | ¥9.3 billion | Consolidated |
| Selling, general and administrative expenses | ¥96.9 billion | Consolidated |
| Rent expenses | ¥2.5 billion | Consolidated |
| Remeasurements of defined benefit plans net of tax | ¥-3.9 billion | Consolidated |
| Comprehensive income attributable to non-controlling interests | ¥0.6 billion | Consolidated |
| Net income (loss) attributable to non-controlling interests | ¥0.2 billion | Consolidated |
| Other | ¥1.8 billion | Parent only |
| Other | ¥2.5 billion | Parent only |
| Dividends from surplus | ¥-4.2 billion | Parent only |
| Interest income | ¥2.1 billion | Parent only |
| Dividend income | ¥2.5 billion | Parent only |
| Operating income | ¥1.9 billion | Parent only |
| Non-operating income | ¥6.4 billion | Parent only |
| Non-operating expenses | ¥3.9 billion | Parent only |
| Cost of sales | ¥178.2 billion | Parent only |
| Gross profit (loss) | ¥36.3 billion | Parent only |
| Net sales | ¥214.5 billion | Parent only |
| Net income (loss) | ¥10.0 billion | Parent only |
| Net income (loss) | ¥10.0 billion | Parent only |
| Gain on sales of investment securities | ¥9.8 billion | Parent only |
| Interest expenses | ¥1.4 billion | Parent only |
| Traveling and transportation expenses | ¥0.9 billion | Parent only |
| Income taxes - current | ¥-1.6 billion | Parent only |
| Income taxes | ¥-63.00 million | Parent only |
| Income taxes - deferred | ¥1.5 billion | Parent only |
| Impairment loss | ¥1.9 billion | Parent only |
| Extraordinary income | ¥10.0 billion | Parent only |
| Extraordinary loss | ¥4.4 billion | Parent only |
| Income (loss) before income taxes | ¥10.0 billion | Parent only |
| Ordinary income | ¥4.4 billion | Parent only |
| Salaries and allowances | ¥8.9 billion | Parent only |
| Disposal of treasury stock | ¥52.00 million | Parent only |
| Purchase of treasury stock | ¥-16.00 million | Parent only |
| Experiment and research expenses | ¥7.7 billion | Parent only |
| Selling expenses | ¥8.3 billion | Parent only |
| Selling, general and administrative expenses | ¥34.4 billion | Parent only |
| Rent expenses | ¥1.2 billion | Parent only |
Statement of changes in equity (4 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Total changes during the period | ¥5.5 billion | Consolidated |
| Net changes in items other than shareholders' equity | ¥-1.5 billion | Consolidated |
| Total changes during the period | ¥6.0 billion | Parent only |
| Net changes in items other than shareholders' equity | ¥0.1 billion | Parent only |
Statement of cash flows (45 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥-6.7 billion | Consolidated |
| Other | ¥-2.1 billion | Consolidated |
| Other | ¥-0.4 billion | Consolidated |
| Increase (decrease) in other current liabilities | ¥17.0 billion | Consolidated |
| Decrease (increase) in other current assets | ¥-18.0 billion | Consolidated |
| Amortization of goodwill | ¥2.4 billion | Consolidated |
| Payments for transfer of business2 | ¥-4.7 billion | Consolidated |
| Increase decrease in notes and accounts payable trade | ¥0.5 billion | Consolidated |
| Increase decrease in provision for construction warranties ope cfves | ¥1.1 billion | Consolidated |
| Interest expenses paid | ¥-2.3 billion | Consolidated |
| Interest and dividends income received | ¥3.4 billion | Consolidated |
| Interest and dividend income | ¥-3.0 billion | Consolidated |
| (Increase) decrease in notes receivable, trade receivables, contract assets and other | ¥-33.0 billion | Consolidated |
| Increase (decrease) in contract liabilities | ¥13.5 billion | Consolidated |
| Proceeds from withdrawal of time deposits | ¥0.6 billion | Consolidated |
| Payments into time deposits | ¥-0.7 billion | Consolidated |
| Subtotal | ¥15.1 billion | Consolidated |
| Increase (decrease) in provision for loss on construction contracts | ¥1.4 billion | Consolidated |
| Purchase of investment securities | ¥-0.8 billion | Consolidated |
| Valuation gains (losses) on investment securities | ¥50.00 million | Consolidated |
| Equity in earnings losses of affiliates | ¥-2.7 billion | Consolidated |
| Interest expenses | ¥2.3 billion | Consolidated |
| Purchase of property plant and equipment | ¥-21.7 billion | Consolidated |
| Proceeds from sales of property plant and equipment | ¥98.00 million | Consolidated |
| Increase/(decrease) in accounts payable - expenses | ¥10.4 billion | Consolidated |
| Decrease (increase) in inventories | ¥0.3 billion | Consolidated |
| Income taxes paid | ¥-4.5 billion | Consolidated |
| Depreciation | ¥15.6 billion | Consolidated |
| Impairment loss | ¥1.9 billion | Consolidated |
| Foreign exchange loss (gain) | ¥3.3 billion | Consolidated |
| Purchase of intangible assets | ¥-3.6 billion | Consolidated |
| Decrease/increase in short-term loans payable | ¥27.7 billion | Consolidated |
| Redemption of bonds | ¥-10.0 billion | Consolidated |
| Increase decrease in provision for loss on litigation | ¥-0.2 billion | Consolidated |
| Gain on bargain purchase | ¥-1.6 billion | Consolidated |
| Increase (decrease) in allowance for doubtful accounts | ¥-0.4 billion | Consolidated |
| Increase (decrease) in net defined benefit liability | ¥-1.0 billion | Consolidated |
| Payments for acquisition in subsidiaries resulting in change in scope of consolidation | ¥-19.1 billion | Consolidated |
| Proceeds from sales of shares of subsidiaries resulting in change in scope of consolidation | ¥5.0 billion | Consolidated |
| Payments for sale of shares of subsidiaries resulting in change in scope of consolidation | ¥-0.7 billion | Consolidated |
| Dividends | ¥-4.2 billion | Consolidated |
| Proceeds from long term loans payable | ¥32.8 billion | Consolidated |
| Repayment of long term loans payable | ¥-4.3 billion | Consolidated |
| Payments of long-term loans receivable | ¥-0.2 billion | Consolidated |
| Payments for investments in capital of subsidiaries and affiliates | ¥-0.3 billion | Consolidated |
Basic indicators
| Item | Value | Consolidated / Non-consolidated | Source |
|---|---|---|---|
| Net cash provided by (used in) operating activities | ¥11.6 billion | Consolidated | Disclosed |
| Dividend per share | 25 | Parent only | Disclosed |
| Number of employees | 12,666 | Consolidated | Disclosed |
| Net assets | ¥203.4 billion | Consolidated | Disclosed |
| Net sales | ¥645.2 billion | Consolidated | Disclosed |
| Operating income | ¥12.2 billion | Consolidated | Disclosed |
| Ordinary income | ¥13.6 billion | Consolidated | Disclosed |
| Net income | ¥11.1 billion | Consolidated | Disclosed |
| Total assets | ¥718.6 billion | Consolidated | Disclosed |
| Operating margin | 1.9% | Consolidated | Calculated |
| Net margin | 1.7% | Consolidated | Calculated |
| Sales per employee | 50941260 yen | Consolidated | Calculated |
| Total asset turnover | 0.9 times | Consolidated | Calculated |
| Net assets to total assets | 28.3% | Consolidated | Calculated |