NIPPON SHARYO
NIPPON SHARYO, LTD.
Company highlights
A company that turns made-to-order work, such as rolling stock, into sales as the work progresses.
Vol.10, Chapter 3 (as of 2026-09-12)
Key figures
Period Apr 2025 to Mar 2026ConsolidatedJapanese GAAP
Business revenue model
Featured in
Vol.10, Chapter 3 (as of 2026-09-12)
“Kaisha no Shikumi: Order Backlog and the Cost of Completion”, Chapter 3: Nippon Sharyo: When a Redesign Reaches Costs and Cash Flow
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 ¥99.97 billion and operating profit ¥11.62 billion, with an order backlog of ¥199.39 billion at the end of the year. Advances received from customers stood at ¥5.15 billion.
The company discloses when the backlog is expected to become sales, segment by segment: rolling stock within four years, with about 40% of it within one year.
The move that changed Nippon Sharyo
In November 2017 it ended the contract for bi-level passenger cars for the United States and decided to pay a settlement of $328,942,000.
In November 2012, Nippon Sharyo and Sumitomo Corporation jointly took an order for 130 bi-level passenger cars, 42 for California and 88 for the Midwest. The contract was worth $352 million, about ¥28.0 billion at the exchange rate of the time. It had to meet the Buy America provisions, under which materials and parts made in the United States are used in principle. The main causes the company gave in later years were car body strength requirements of a kind it had not handled before, the use of American materials and parts, and the large-scale redesign that followed the sudden failure of the bogie maker. In November 2017 it ended the original contract and switched to 137 single-level passenger cars built by an alternative maker. The settlement payment came to about ¥37.2 billion at ¥113 to the dollar, and in the same month the company borrowed ¥35.0 billion from JR Central. Listed securities, the head office, and the land and buildings of the Toyokawa works were among the assets pledged as collateral for that loan.
Coverage in the book
- An Order for Rolling Stock Takes Four Years to Become Sales
- Of the ¥199.39 Billion Backlog, ¥142.62 Billion Is Rolling Stock
- In the Same Company, One Business Turns Its Orders into Sales in a Year and Another Takes Four
- In the Year Advances Received Rose, Operating Cash Flow Was ¥8.00 Billion
- All Four Businesses Turned a Profit
Related books, articles and videos
“Kaisha no Shikumi: Order Backlog and the Cost of Completion”
Chapter 3: NIPPON SHARYO
“Nippon Sharyo: When a Redesign Reaches Costs and Cash Flow”
“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
NIPPON SHARYO
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 | Share | Margin | Last year | |
| 鉄道車両事業 | ¥48.6 billion | 48.6% | ¥44.7 billion | ¥4.6 billion | 35.9% | 9.5% | ¥2.7 billion |
| Construction machinery | ¥22.0 billion | 22.1% | ¥22.8 billion | ¥3.9 billion | 30.9% | 17.9% | ¥4.3 billion |
| 輸送用機器・鉄構事業 | ¥21.8 billion | 21.9% | ¥22.2 billion | ¥3.2 billion | 24.6% | 14.4% | ¥1.8 billion |
| Engineering | ¥7.5 billion | 7.5% | ¥6.5 billion | ¥1.1 billion | 8.6% | 14.8% | ¥-0.8 billion |
| Total of the businesses | ¥99.9 billion | 100.0% | ¥12.8 billion | 100.0% | |||
Revenue and profit
NIPPON SHARYO
Period Apr 2025 to Mar 2026Source Annual securities reports
Amounts by account
| Group | Account | Amount | Consolidated / Non-consolidated |
|---|---|---|---|
| Selling, general and administrative expenses | Salaries, allowances and bonuses | ¥3.1 billion | Consolidated |
| Provision for bonuses | ¥0.4 billion | Consolidated | |
| Research and development expenses | ¥0.4 billion | Consolidated | |
| Depreciation | ¥0.1 billion | Parent only | |
| Retirement benefit expenses | ¥-40.00 million | Consolidated | |
| Provision of allowance for doubtful accounts | ¥-8.00 million | Consolidated | |
| Profit by stage | Gross profit (loss) | ¥19.6 billion | Consolidated |
| Ordinary income | ¥12.0 billion | Consolidated | |
| Net income | ¥11.7 billion | Consolidated | |
| Operating income | ¥11.6 billion | Consolidated |
NIPPON SHARYO
Selling, general and administrative expenses
Period Apr 2025 to Mar 2026Source Annual securities reports
- Salaries, allowances and bonuses ¥3.1 billion
- Provision for bonuses ¥0.4 billion
- Research and development expenses ¥0.4 billion
- Depreciation ¥0.1 billion
- Other (not itemized) ¥4.0 billion
Performance, financial position and capital allocation
Long-term changes in performance
NIPPON SHARYO
Long-term revenue, profit and asset trends
Period 2013 to 2026Source Annual securities reportsDisclosed
NIPPON SHARYO
Recent performance trends
Source Annual securities reports
Year-on-year comparison
| Item | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net sales | ¥94.0B | ¥98.0B | ¥88.1B | ¥96.3B | ¥100.0B |
| Year on year (%) | -5.5% | +4.2% | -10.1% | +9.4% | +3.8% |
| Ordinary income (loss) | ¥6.3B | ¥4.5B | ¥6.3B | ¥7.3B | ¥12.0B |
| Change from prior year | -32.1% | -28.9% | +40.3% | +15.7% | +64.3% |
| Ordinary income (loss) as a share of Net sales | 6.7% | 4.6% | 7.2% | 7.6% | 12.0% |
| Change (percentage points) | -2.6 points◆ | -2.1 points◆ | +2.6 points◆ | +0.4 points | +4.4 points◆ |
Fiscal periods marked for changes
Earlier fiscal periods (6)
- 2014Net sales year on year +49.7%, Ordinary income (loss) as a share of revenue +2.8 points
- 2015Net sales year on year -22.5%, Ordinary income (loss) as a share of revenue -13.9 points, Ordinary income (loss) profit to loss
- 2017Ordinary income (loss) as a share of revenue +4.1 points
- 2018Ordinary income (loss) as a share of revenue +12.8 points, Ordinary income (loss) loss to profit
- 2019Ordinary income (loss) as a share of revenue +2.0 points
- 2022Ordinary income (loss) as a share of revenue -2.6 points
- 2023Ordinary income (loss) as a share of revenue -2.1 points
- 2024Ordinary income (loss) as a share of revenue +2.6 points
- 2026Ordinary income (loss) as a share of revenue +4.4 points
NIPPON SHARYO
Earnings and net assets per share over time
Unit yenSource Annual securities reports
NIPPON SHARYO
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 | ¥94.0 billion | ¥98.0 billion | ¥88.1 billion | ¥96.3 billion | ¥100.0 billion |
| Ordinary income (loss) | ¥6.3 billion | ¥4.5 billion | ¥6.3 billion | ¥7.3 billion | ¥12.0 billion |
| Net income (loss) attributable to owners of parent | ¥5.2 billion | ¥3.1 billion | ¥5.4 billion | ¥6.4 billion | ¥11.7 billion |
| Comprehensive income | ¥3.0 billion | ¥3.4 billion | ¥11.4 billion | ¥2.9 billion | ¥18.2 billion |
| Net assets | ¥48.0 billion | ¥51.1 billion | ¥62.2 billion | ¥64.6 billion | ¥82.2 billion |
| Total assets | ¥132.9 billion | ¥124.4 billion | ¥136.4 billion | ¥131.2 billion | ¥152.6 billion |
| Net assets per share | 3,316.74 yen | 3,531.25 yen | 4,312.21 yen | 4,480.23 yen | 5,700.1 yen |
| Basic earnings (loss) per share | 362.14 yen | 216.08 yen | 372.93 yen | 444.62 yen | 808.18 yen |
| Equity-to-asset ratio | 36.0% | 41.0% | 45.6% | 49.3% | 53.9% |
| Return on equity | 11.2% | 6.3% | 9.5% | 10.1% | 15.9% |
| Net cash provided by (used in) operating activities | ¥14.5 billion | ¥7.2 billion | ¥-2.5 billion | ¥1.4 billion | ¥8.0 billion |
| Net cash provided by (used in) investing activities | ¥-2.6 billion | ¥-1.6 billion | ¥-1.4 billion | ¥-1.7 billion | ¥-1.2 billion |
| Net cash provided by (used in) financing activities | ¥-3.6 billion | ¥-11.4 billion | ¥-4.0 billion | ¥-3.6 billion | ¥-4.6 billion |
| Cash and cash equivalents | ¥29.1 billion | ¥23.3 billion | ¥15.3 billion | ¥11.5 billion | ¥13.7 billion |
Parent only indicators (14 items)
| Item | 4 years ago | 3 years ago | 2 years ago | Last year | This year |
|---|---|---|---|---|---|
| Net sales | ¥92.3 billion | ¥96.8 billion | ¥86.6 billion | ¥94.3 billion | ¥99.1 billion |
| Ordinary income (loss) | ¥6.0 billion | ¥4.2 billion | ¥6.0 billion | ¥6.9 billion | ¥12.0 billion |
| Net income (loss) | ¥5.7 billion | ¥3.0 billion | ¥5.2 billion | ¥6.2 billion | ¥14.0 billion |
| Capital stock | ¥11.8 billion | ¥11.8 billion | ¥11.8 billion | ¥11.8 billion | ¥11.8 billion |
| Total number of issued shares (common stock) | 14,675,000 shares | 14,675,000 shares | 14,675,000 shares | 14,675,000 shares | 14,675,000 shares |
| Net assets | ¥43.2 billion | ¥46.3 billion | ¥54.5 billion | ¥57.4 billion | ¥70.9 billion |
| Total assets | ¥125.6 billion | ¥116.8 billion | ¥124.3 billion | ¥119.4 billion | ¥133.9 billion |
| Net assets per share | 2,996.5 yen | 3,207.41 yen | 3,775.28 yen | 3,975.1 yen | 4,915.49 yen |
| Dividend per share | 20 yen | 20 yen | 25 yen | 35 yen | 45 yen |
| Interim dividend per share | 10 yen | 10 yen | 10 yen | 15 yen | 20 yen |
| Basic earnings (loss) per share | 397.82 yen | 204.74 yen | 358.46 yen | 429.01 yen | 970.56 yen |
| Equity-to-asset ratio | 34.4% | 39.6% | 43.8% | 48.1% | 53.0% |
| Return on equity | 13.8% | 6.6% | 10.3% | 11.1% | 21.8% |
| Payout ratio | 5.0% | 9.8% | 7.0% | 8.2% | 4.6% |
Dividend history
| Fiscal year | Annual dividend per share | Of which interim | Payout ratio (as reported, parent only) | Flag |
|---|---|---|---|---|
| FY ending 3/2026 | ¥45 | ¥20 | 4.6% | |
| FY ending 3/2025 | ¥35 | ¥15 | 8.2% | |
| FY ending 3/2024 | ¥25 | ¥10 | 7.0% | |
| FY ending 3/2023 | ¥20 | ¥10 | 9.8% | |
| FY ending 3/2022 | ¥20 | ¥10 | 5.0% | |
| FY ending 3/2021 | ¥10 | Could not be retrieved | 1.7% | |
| 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 2017 | Could not be retrieved | Could not be retrieved | Could not be retrieved | |
| FY 2016 | Could not be retrieved | Could not be retrieved | Could not be retrieved | |
| FY ending 3/2015 | ¥2.5 | ¥2.5 | Could not be retrieved | |
| FY ending 3/2014 | ¥5 | ¥2.5 | 13.0% | |
| FY ending 3/2013 | ¥5 | ¥2.5 | 19.8% |
NIPPON SHARYO
Dividends per share over time
Unit yenSource Annual securities reports
Shareholder composition
Share ownership by holder category
NIPPON SHARYO
Unit %Source Annual securities reports
- Financial institutions13.33%
- Securities firms2.13%
- Other corporations53.54%
- Foreign holders (institutions)8.98%
- Foreign holders (individuals)0.01%
- Individuals and others22.01%
Major shareholders
| Rank | Shareholder | Shareholding ratio | Shares held |
|---|---|---|---|
| 1 | 東海旅客鉄道㈱ | 50.95% | 7,352,000 |
| 2 | 日本マスタートラスト信託銀行㈱(信託口) | 5.94% | 856,000 |
| 3 | ㈱日本カストディ銀行(信託口) | 2.9% | 419,000 |
| 4 | 日本車輌従業員持株会 | 1.95% | 281,000 |
| 5 | UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT(常任代理人 シティバンク、エヌ・エイ東京支店) | 1.08% | 155,000 |
| 6 | 村松 俊三 | 1.01% | 146,000 |
| 7 | ㈱三菱UFJ銀行 | 0.98% | 141,000 |
| 8 | RE FUND 107-CLIENT AC(常任代理人 シティバンク、エヌ・エイ東京支店) | 0.91% | 131,000 |
| 9 | 日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行㈱) | 0.9% | 129,000 |
| 10 | GOLDMAN SACHS BANK EUROPE SE(常任代理人 ゴールドマン・サックス証券㈱) | 0.87% | 125,000 |
Research and development expenses and capital expenditure
| Fiscal year | Research and development | Capital expenditure |
|---|---|---|
| FY ending 3/2026 | ¥1.6 billion | ¥4.3 billion |
| FY ending 3/2025 | ¥1.6 billion | Could not be retrieved |
| FY ending 3/2021 | ¥1.8 billion | ¥3.0 billion |
| FY ending 3/2020 | ¥1.5 billion | Could not be retrieved |
| FY ending 3/2017 | ¥1.6 billion | Could not be retrieved |
| FY ending 3/2016 | ¥1.4 billion | Could not be retrieved |
Research and development expenses and capital expenditure by segment (FY ending 3/2026)
| Segment | Research and development | Capital expenditure |
|---|---|---|
| 鉄道車両事業 | ¥0.5 billion | ¥1.2 billion |
| Construction machinery | ¥0.7 billion | ¥1.1 billion |
| 輸送用機器・鉄構事業 | ¥44.00 million | ¥0.4 billion |
| Engineering | ¥48.00 million | ¥11.00 million |
Revenue scale in the same industry
NIPPON SHARYO
Source Annual securities reports of each company
Transportation Equipment: 86 companies · revenue · largest first・FY Mar 2026・Consolidated・Disclosed
- 1 TOYOTA MOTOR ¥50.7T
- 2 HONDA MOTOR ¥21.8T
- 3 NISSAN MOTOR ¥12.0T
- … 44 companies
- 48 GMB ¥105.3B
- 49 MIKUNI ¥103.4B
- 50 NIPPON SHARYOThis company ¥100.0B
- 51 DAIHATSU INFINEARTH MFG.CO ¥88.1B
- 52 Imasen Electric Industrial ¥87.1B
- … 34 companies
Workforce information
Women 13.5 yrs Average length of service by gender
Women 211 Employees by gender
Administrative filings and published information
Workplace information filings
| Item | Value |
|---|---|
| Employees | 2,419 |
| Childcare leave taken, men |
82.4% |
| Childcare leave taken, women |
100% |
Greenhouse gas emissions
| Category | Emissions |
|---|---|
| 特定事業所排出者 | 9,817 t-CO2 |
| Sites covered by the report | 1 |
Audit and disclosure information
| Item | Value |
|---|---|
| Audit firm | 有限責任監査法人トーマツ |
| Audit fees (this year, total) | ¥73.00 million |
| Non-audit fees (this year, total) | Not applicable |
| Non-audit fees (this year, network firms) | ¥22.00 million |
| Going concern note | Cannot be determined |
| Accounting standard | Japanese GAAP |
Sources and methodology
Retrieved disclosed figures
Major management indicators (5 years) (28 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Comprehensive income | ¥18.2 billion | Consolidated |
| Net cash provided by (used in) operating activities | ¥8.0 billion | Consolidated |
| Net sales | ¥100.0 billion | Consolidated |
| Net cash provided by (used in) investing activities | ¥-1.2 billion | Consolidated |
| Cash and cash equivalents | ¥13.7 billion | Consolidated |
| Net assets | ¥82.2 billion | Consolidated |
| Ordinary income (loss) | ¥12.0 billion | Consolidated |
| Total assets | ¥152.6 billion | Consolidated |
| Return on equity | 15.9% | Consolidated |
| Equity-to-asset ratio | 53.9% | Consolidated |
| Net income (loss) attributable to owners of parent | ¥11.7 billion | Consolidated |
| Net cash provided by (used in) financing activities | ¥-4.6 billion | Consolidated |
| Basic earnings (loss) per share | 808.18 yen | Consolidated |
| Net assets per share | 5,700.1 yen | Consolidated |
| Dividend per share | 45 yen | Parent only |
| Net sales | ¥99.1 billion | Parent only |
| Net income (loss) | ¥14.0 billion | Parent only |
| Total number of issued shares (common stock) | 14,675,000 shares | Parent only |
| Net assets | ¥70.9 billion | Parent only |
| Ordinary income (loss) | ¥12.0 billion | Parent only |
| Total assets | ¥133.9 billion | Parent only |
| Return on equity | 21.8% | Parent only |
| Equity-to-asset ratio | 53.0% | Parent only |
| Capital stock | ¥11.8 billion | Parent only |
| Payout ratio | 4.6% | Parent only |
| Interim dividend per share | 20 yen | Parent only |
| Basic earnings (loss) per share | 970.56 yen | Parent only |
| Net assets per share | 4,915.49 yen | Parent only |
Employees (11 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Number of employees | 2,176 people | Consolidated |
| Number of employees | 2,176 people | Consolidated |
| Wage gap between men and women (all employees) | 73.9% | Parent only |
| Average length of service (years) | 16.1 years | Parent only |
| Average annual salary | ¥7.03 million | Parent only |
| Average age (years) | 40.3 years old | Parent only |
| Number of employees | 2,061 people | Parent only |
| Number of employees | 2,061 people | Parent only |
| Number of employees | 2,061 people | Parent only |
| Wage gap between men and women (regular employees) | 78.4% | Parent only |
| Wage gap between men and women (non-regular employees) | 67.4% | Parent only |
Other disclosed items (14 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Net sales to external customers | ¥100.0 billion | Consolidated |
| Average number of temporary employees | 234 people | Consolidated |
| Average number of temporary employees | 234 people | Consolidated |
| Number of associates accounted for using equity method | 2 companies | Consolidated |
| Increase in property plant and equipment and intangible assets | ¥4.4 billion | Consolidated |
| Write-downs of inventories | ¥82.00 million | Consolidated |
| Depreciation | ¥2.6 billion | Consolidated |
| Number of consolidated subsidiaries | 3 companies | Consolidated |
| Rate of male employees taking childcare leave (all employees) | 82.4% | Parent only |
| Average number of temporary employees | 188 people | Parent only |
| Average number of temporary employees | 188 people | Parent only |
| Average number of temporary employees | 188 people | Parent only |
| Total return on the share price index | 202.2% | Parent only |
| Ratio of female employees in managerial positions | 0.3% | Parent only |
Shares (19 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Number of shares held in others names treasury shares etc | 2,600 shares | Consolidated |
| Number of shares held | 9,739,000 shares | Consolidated |
| Total number of shares held treasury shares etc | 247,500 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 | 2 issues | 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 | 6 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 | Consolidated |
| Total sale amount for decreased shares shares not listed investment shares held for purposes other than pure investment reporting company | ¥4.00 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 | ¥2.5 billion | Consolidated |
| Number of shares | 14,675,012 shares | Consolidated |
| Shareholding ratio treasury shares etc | 1.7% | Consolidated |
| Shareholding ratio | 67.5% | Consolidated |
| Number of shares held in own name treasury shares etc | 244,900 shares | Consolidated |
| Number of voting rights | 143,591 units | Consolidated |
| Carrying amount on the balance sheet | ¥1.9 billion | Consolidated |
| Carrying amount on the balance sheet | ¥14.0 billion | Consolidated |
| Number of issues | 50 issues | Consolidated |
| Number of issues | 17 issues | Consolidated |
| Total shareholder return | 143.8% | 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 | ¥1.6 billion | Consolidated |
| Research and development expenses | ¥1.6 billion | Consolidated |
Property and facilities (1 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Capital expenditures | ¥4.3 billion | Consolidated |
Audit (5 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Fees for audit and attestation services - reporting company | ¥73.00 million | Consolidated |
| Fees for audit and attestation services - total | ¥73.00 million | Consolidated |
| Fees for non-audit services - reporting company | ¥8.00 million | Consolidated |
| Fees for non-audit services - total | ¥22.00 million | Consolidated |
| Non audit fees consolidated subsidiaries network firms | ¥14.00 million | Consolidated |
Accounts unique to this company (8 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Revenue | ¥0.1 billion | Consolidated |
| Revenue | ¥2.2 billion | Consolidated |
| Revenue | ¥10.00 million | Consolidated |
| Revenue | ¥2.2 billion | Consolidated |
| Revenue | ¥30.00 million | Consolidated |
| Change in average annual salary from the previous year | 4.8% | Parent only |
| Revenue | ¥0.1 billion | Parent only |
| Revenue | ¥30.00 million | Parent only |
Balance sheet (132 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥0.3 billion | Consolidated |
| Other | ¥1.6 billion | Consolidated |
| Other | ¥4.5 billion | Consolidated |
| Other | ¥1.2 billion | Consolidated |
| Valuation difference on available-for-sale securities | ¥7.4 billion | Consolidated |
| Other, net | ¥0.8 billion | Consolidated |
| Lease obligations | ¥2.1 billion | Consolidated |
| Lease assets, net | ¥1.5 billion | Consolidated |
| Work in process | ¥28.1 billion | Consolidated |
| Retained earnings | ¥55.4 billion | Consolidated |
| Advances received | ¥5.1 billion | Consolidated |
| Semi finished goods | ¥1.4 billion | Consolidated |
| Raw materials and supplies | ¥2.7 billion | Consolidated |
| Notes receivable - trade | ¥33.5 billion | Consolidated |
| Provision for loss on order received | ¥71.00 million | Consolidated |
| Merchandise and finished goods | ¥2.2 billion | Consolidated |
| Non-current liabilities | ¥23.5 billion | Consolidated |
| Non-current assets | ¥65.5 billion | Consolidated |
| Land | ¥14.1 billion | Consolidated |
| Allowance for construction loss | ¥24.00 million | Consolidated |
| Buildings and structures, net | ¥8.4 billion | Consolidated |
| Construction in progress | ¥0.2 billion | Consolidated |
| Investments and other assets | ¥35.5 billion | Consolidated |
| Investment securities | ¥17.2 billion | Consolidated |
| Notes and accounts payable - trade | ¥7.9 billion | Consolidated |
| Property, plant and equipment | ¥29.8 billion | Consolidated |
| Income taxes refund receivable | ¥0.6 billion | Consolidated |
| Income taxes payable | ¥37.00 million | Consolidated |
| Accrued expenses | ¥4.6 billion | Consolidated |
| Shareholders' equity | ¥66.8 billion | Consolidated |
| Machinery, equipment and vehicles, net | ¥4.9 billion | Consolidated |
| Current liabilities | ¥46.8 billion | Consolidated |
| Current assets | ¥87.0 billion | Consolidated |
| Accumulated depreciation | ¥-49.6 billion | Consolidated |
| Intangible assets | ¥0.3 billion | Consolidated |
| Cash and cash equivalents | ¥13.7 billion | Consolidated |
| Cash and deposits | ¥5.1 billion | Consolidated |
| Short-term loans receivable with resale agreement | ¥8.8 billion | Consolidated |
| Net assets | ¥82.2 billion | Consolidated |
| Net assets | ¥82.2 billion | Consolidated |
| Total assets | ¥152.6 billion | Consolidated |
| Total assets | ¥152.6 billion | Consolidated |
| Deferred tax liabilities | ¥7.1 billion | Consolidated |
| Deferred tax assets | ¥0.2 billion | Consolidated |
| Treasury stock | ¥-0.5 billion | Consolidated |
| Valuation and translation adjustments | ¥15.4 billion | Consolidated |
| Liabilities | ¥70.3 billion | Consolidated |
| Liabilities and net assets | ¥152.6 billion | Consolidated |
| Allowance for doubtful accounts | ¥-9.00 million | Consolidated |
| Allowance for doubtful accounts | ¥-3.00 million | Consolidated |
| Capital surplus | ¥0.2 billion | Consolidated |
| Capital stock | ¥11.8 billion | Consolidated |
| Provision for bonuses | ¥2.2 billion | Consolidated |
| Remeasurements of defined benefit plans | ¥8.0 billion | Consolidated |
| Net defined benefit liability | ¥0.3 billion | Consolidated |
| Net defined benefit asset | ¥16.6 billion | Consolidated |
| Long-term loans payable | ¥13.7 billion | Consolidated |
| Electronically recorded obligations - operating | ¥5.4 billion | Consolidated |
| Electronically recorded monetary claims - operating | ¥3.3 billion | Consolidated |
| Current portion of long-term loans payable | ¥16.8 billion | Consolidated |
| Other | ¥32.00 million | Parent only |
| Other | ¥0.2 billion | Parent only |
| Other | ¥0.2 billion | Parent only |
| Other | ¥0.4 billion | Parent only |
| Other | ¥17.00 million | Parent only |
| Valuation difference on available-for-sale securities | ¥7.2 billion | Parent only |
| Other capital surplus | ¥0 | Parent only |
| Other, net | ¥50.00 million | Parent only |
| Software | ¥0.2 billion | Parent only |
| Work in process | ¥28.2 billion | Parent only |
| Investments in capital | ¥3.00 million | Parent only |
| Retained earnings | ¥52.4 billion | Parent only |
| Legal retained earnings | ¥0.2 billion | Parent only |
| Unearned revenue | ¥0 | Parent only |
| Advances received | ¥5.1 billion | Parent only |
| Prepaid pension cost | ¥5.1 billion | Parent only |
| Prepaid expenses | ¥0.1 billion | Parent only |
| Advance payments trade | ¥0.4 billion | Parent only |
| Semi finished goods | ¥1.4 billion | Parent only |
| Raw materials and supplies | ¥2.6 billion | Parent only |
| Notes receivable - trade | ¥0.1 billion | Parent only |
| Provision for loss on order received | ¥71.00 million | Parent only |
| Merchandise and finished goods | ¥2.1 billion | Parent only |
| Non-current liabilities | ¥17.4 billion | Parent only |
| Non-current assets | ¥50.8 billion | Parent only |
| Land | ¥14.3 billion | Parent only |
| Accounts receivable - trade and contract assets | ¥32.5 billion | Parent only |
| Allowance for construction loss | ¥24.00 million | Parent only |
| Tools, furniture and fixtures | ¥0.8 billion | Parent only |
| Buildings, net | ¥7.5 billion | Parent only |
| Construction in progress | ¥0.2 billion | Parent only |
| Investments and other assets | ¥22.2 billion | Parent only |
| Investment securities | ¥15.8 billion | Parent only |
| Right of using facilities | ¥43.00 million | Parent only |
| Property, plant and equipment | ¥28.4 billion | Parent only |
| Income taxes refund receivable | ¥0.6 billion | Parent only |
| Accrued expenses | ¥4.6 billion | Parent only |
| Accounts payable - other | ¥3.4 billion | Parent only |
| Shareholders' equity | ¥63.7 billion | Parent only |
| Structures, net | ¥0.8 billion | Parent only |
| Machinery and equipment, net | ¥4.7 billion | Parent only |
| Current liabilities | ¥45.6 billion | Parent only |
| Current assets | ¥83.1 billion | Parent only |
| Intangible assets | ¥0.3 billion | Parent only |
| Cash and deposits | ¥2.4 billion | Parent only |
| Short-term loans receivable with resale agreement | ¥8.8 billion | Parent only |
| Claims provable in bankruptcy claims provable in rehabilitation and other | ¥3.00 million | Parent only |
| Net assets | ¥70.9 billion | Parent only |
| Net assets | ¥70.9 billion | Parent only |
| Total assets | ¥133.9 billion | Parent only |
| Deferred tax liabilities | ¥3.4 billion | Parent only |
| Retained earnings brought forward | ¥52.2 billion | Parent only |
| Treasury stock | ¥-0.5 billion | Parent only |
| Valuation and translation adjustments | ¥7.2 billion | Parent only |
| Liabilities | ¥63.0 billion | Parent only |
| Liabilities and net assets | ¥133.9 billion | Parent only |
| Accounts payable - trade | ¥7.5 billion | Parent only |
| Allowance for doubtful accounts | ¥-9.00 million | Parent only |
| Allowance for doubtful accounts | ¥-3.00 million | Parent only |
| Capital surplus | ¥0 | Parent only |
| Capital stock | ¥11.8 billion | Parent only |
| Provision for bonuses | ¥2.2 billion | Parent only |
| Vehicles, net | ¥0.1 billion | Parent only |
| Provision for retirement benefits | ¥0.2 billion | Parent only |
| Long-term loans payable | ¥13.7 billion | Parent only |
| Long-term prepaid expenses | ¥0.6 billion | Parent only |
| Investments in capital of subsidiaries and affiliates | ¥18.00 million | Parent only |
| Shares of subsidiaries and associates | ¥0.4 billion | Parent only |
| Electronically recorded obligations - operating | ¥5.3 billion | Parent only |
| Electronically recorded monetary claims - operating | ¥3.5 billion | Parent only |
| Deposits received | ¥0.3 billion | Parent only |
| Current portion of long-term loans payable | ¥16.8 billion | Parent only |
Statement of income (87 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥29.00 million | Consolidated |
| Other | ¥0.1 billion | Consolidated |
| Other comprehensive income | ¥6.5 billion | Consolidated |
| Valuation difference on available for sale securities net of tax | ¥0.1 billion | Consolidated |
| Dividends from surplus | ¥-0.6 billion | Consolidated |
| Comprehensive income | ¥18.2 billion | Consolidated |
| Insurance | ¥29.00 million | Consolidated |
| Interest income | ¥78.00 million | Consolidated |
| Rent income | ¥40.00 million | Consolidated |
| Dividend income | ¥0.4 billion | Consolidated |
| Operating income | ¥11.6 billion | Consolidated |
| Operating income | ¥11.6 billion | Consolidated |
| Non-operating income | ¥0.7 billion | Consolidated |
| Non-operating expenses | ¥0.4 billion | Consolidated |
| Net cash provided by (used in) operating activities | ¥8.0 billion | Consolidated |
| Gain on sales of non-current assets | ¥21.00 million | Consolidated |
| Loss on sales and retirement of noncurrent assets | ¥0.2 billion | Consolidated |
| Cost of sales | ¥80.4 billion | Consolidated |
| Gross profit (loss) | ¥19.6 billion | Consolidated |
| Net sales | ¥100.0 billion | Consolidated |
| Net sales | ¥100.0 billion | Consolidated |
| Net income | ¥11.7 billion | Consolidated |
| Net income | ¥11.7 billion | Consolidated |
| Net income (loss) | ¥11.7 billion | Consolidated |
| Net income (loss) | ¥11.7 billion | Consolidated |
| Gain on sales of investment securities | ¥1.8 billion | Consolidated |
| Net cash provided by (used in) investing activities | ¥-1.2 billion | Consolidated |
| Share of profit of investments accounted for using equity method | ¥0.1 billion | Consolidated |
| Share of other comprehensive income of investments accounted for using equity method | ¥89.00 million | Consolidated |
| Interest expenses | ¥0.2 billion | Consolidated |
| Income taxes - current | ¥0.1 billion | Consolidated |
| Income taxes | ¥-0.3 billion | Consolidated |
| Income taxes - deferred | ¥-0.4 billion | Consolidated |
| Foreign exchange gains | ¥5.00 million | Consolidated |
| Foreign currency translation adjustment net of tax | ¥2.2 billion | Consolidated |
| Extraordinary income | ¥1.8 billion | Consolidated |
| Extraordinary loss | ¥2.5 billion | Consolidated |
| Effect of exchange rate change on cash and cash equivalents | ¥-2.00 million | Consolidated |
| Net increase (decrease) in cash and cash equivalents | ¥2.2 billion | Consolidated |
| Research and development expenses | ¥0.4 billion | Consolidated |
| Income (loss) before income taxes | ¥11.3 billion | Consolidated |
| Income (loss) before income taxes | ¥11.3 billion | Consolidated |
| Ordinary income | ¥12.0 billion | Consolidated |
| Salaries, allowances and bonuses | ¥3.1 billion | Consolidated |
| Deferred gains or losses on hedges net of tax | ¥1.00 million | Consolidated |
| Purchase of treasury stock | ¥-1.00 million | Consolidated |
| Comprehensive income attributable to owners of parent | ¥18.2 billion | Consolidated |
| Net cash provided by (used in) financing activities | ¥-4.6 billion | Consolidated |
| Selling, general and administrative expenses | ¥8.0 billion | Consolidated |
| Provision of allowance for doubtful accounts | ¥-8.00 million | Consolidated |
| Provision for bonuses | ¥0.4 billion | Consolidated |
| Remeasurements of defined benefit plans net of tax | ¥4.1 billion | Consolidated |
| Retirement benefit expenses | ¥-40.00 million | Consolidated |
| Other | ¥79.00 million | Parent only |
| Other | ¥0.1 billion | Parent only |
| Dividends from surplus | ¥-0.6 billion | Parent only |
| Insurance | ¥29.00 million | Parent only |
| Interest income | ¥62.00 million | Parent only |
| Rent income | ¥58.00 million | Parent only |
| Dividend income | ¥0.7 billion | Parent only |
| Operating income | ¥11.4 billion | Parent only |
| Non-operating income | ¥0.9 billion | Parent only |
| Non-operating expenses | ¥0.3 billion | Parent only |
| Gain on sales of non-current assets | ¥21.00 million | Parent only |
| Loss on sales and retirement of noncurrent assets | ¥0.2 billion | Parent only |
| Cost of sales | ¥80.0 billion | Parent only |
| Gross profit (loss) | ¥19.0 billion | Parent only |
| Net sales | ¥99.1 billion | Parent only |
| Net income (loss) | ¥14.0 billion | Parent only |
| Net income (loss) | ¥14.0 billion | Parent only |
| Gain on sales of investment securities | ¥1.8 billion | Parent only |
| Interest expenses | ¥0.2 billion | Parent only |
| Income taxes - current | ¥-4.00 million | Parent only |
| Income taxes | ¥-0.5 billion | Parent only |
| Income taxes - deferred | ¥-0.4 billion | Parent only |
| Depreciation | ¥0.1 billion | Parent only |
| Foreign exchange gains | ¥5.00 million | Parent only |
| Extraordinary income | ¥1.8 billion | Parent only |
| Extraordinary loss | ¥0.2 billion | Parent only |
| Research and development expenses | ¥0.4 billion | Parent only |
| Income (loss) before income taxes | ¥13.6 billion | Parent only |
| Ordinary income | ¥12.0 billion | Parent only |
| Salaries, allowances and bonuses | ¥2.8 billion | Parent only |
| Purchase of treasury stock | ¥-1.00 million | Parent only |
| Selling, general and administrative expenses | ¥7.6 billion | Parent only |
| Provision of allowance for doubtful accounts | ¥-8.00 million | Parent only |
| Provision for bonuses | ¥0.4 billion | Parent only |
Statement of changes in equity (4 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Total changes during the period | ¥17.6 billion | Consolidated |
| Net changes in items other than shareholders' equity | ¥6.5 billion | Consolidated |
| Total changes during the period | ¥13.6 billion | Parent only |
| Net changes in items other than shareholders' equity | ¥0.1 billion | Parent only |
Statement of cash flows (33 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥1.3 billion | Consolidated |
| Other | ¥-0.2 billion | Consolidated |
| Other | ¥-5.00 million | Consolidated |
| Increase decrease in notes and accounts payable trade | ¥1.1 billion | Consolidated |
| Proceeds from insurance income | ¥29.00 million | Consolidated |
| Interest expenses paid | ¥-0.2 billion | Consolidated |
| Interest and dividends income received | ¥0.5 billion | Consolidated |
| Increase (decrease) in advances received | ¥4.0 billion | Consolidated |
| Insurance | ¥-29.00 million | Consolidated |
| Interest and dividend income | ¥-0.5 billion | Consolidated |
| Increase decrease in provision for loss on order received | ¥-0.5 billion | Consolidated |
| (Increase) decrease in notes receivable, trade receivables, contract assets and other | ¥-6.0 billion | Consolidated |
| Payments into time deposits | ¥-2.00 million | Consolidated |
| Subtotal | ¥8.9 billion | Consolidated |
| Increase (decrease) in provision for loss on construction contracts | ¥-46.00 million | Consolidated |
| Purchase of investment securities | ¥-0 | Consolidated |
| Proceeds from sales of investment securities | ¥2.5 billion | Consolidated |
| Loss (gain) on sales of long-term investment securities | ¥-1.8 billion | Consolidated |
| Equity in earnings losses of affiliates | ¥-0.1 billion | Consolidated |
| Interest expenses | ¥0.2 billion | Consolidated |
| Purchase of property plant and equipment | ¥-3.5 billion | Consolidated |
| Proceeds from sales of property plant and equipment | ¥4.00 million | Consolidated |
| Losses (gains) on disposal or sales of property, plant and equipment | ¥95.00 million | Consolidated |
| Decrease (increase) in inventories | ¥-4.3 billion | Consolidated |
| Income taxes refund (paid) | ¥-1.2 billion | Consolidated |
| Depreciation | ¥2.6 billion | Consolidated |
| Increase (decrease) in allowance for doubtful accounts | ¥-8.00 million | Consolidated |
| Increase (decrease) in provision for bonuses | ¥0.3 billion | Consolidated |
| Increase (decrease) in net defined benefit liability | ¥10.00 million | Consolidated |
| Inorease (decrease) in asset for retirement benefits | ¥-1.0 billion | Consolidated |
| Dividends | ¥-0.6 billion | Consolidated |
| Proceeds from long term loans payable | ¥69.00 million | Consolidated |
| Repayment of long term loans payable | ¥-4.1 billion | Consolidated |
Basic indicators
| Item | Value | Consolidated / Non-consolidated | Source |
|---|---|---|---|
| Net cash provided by (used in) operating activities | ¥8.0 billion | Consolidated | Disclosed |
| Dividend per share | 45 | Parent only | Disclosed |
| Number of employees | 2,176 | Consolidated | Disclosed |
| Net assets | ¥82.2 billion | Consolidated | Disclosed |
| Net sales | ¥100.0 billion | Consolidated | Disclosed |
| Operating income | ¥11.6 billion | Consolidated | Disclosed |
| Ordinary income | ¥12.0 billion | Consolidated | Disclosed |
| Net income | ¥11.7 billion | Consolidated | Disclosed |
| Total assets | ¥152.6 billion | Consolidated | Disclosed |
| Operating margin | 11.6% | Consolidated | Calculated |
| Net margin | 11.7% | Consolidated | Calculated |
| Sales per employee | 45942555 yen | Consolidated | Calculated |
| Total asset turnover | 0.66 times | Consolidated | Calculated |
| Net assets to total assets | 53.9% | Consolidated | Calculated |