ChudenkoCHUDENKO CORPORATION1941東証プライム建設業FY ending Mar 2026, consolidated, J-GAAP

Chudenko revenue and profit

Out of every ¥100 of sales, about ¥12 is left as operating profit. Revenue changed +2.7% from the prior year, operating profit +20.7%.

Five-year trend

Revenue¥227.8B
FY ending Mar 2022: ¥190.7B¥190.7BFY ending Mar 2023: ¥189B¥189BFY ending Mar 2024: ¥201B¥201BFY ending Mar 2025: ¥221.9B¥221.9BFY ending Mar 2026: ¥227.8B¥227.8BFY22FY23FY24FY25FY26
Operating income¥26.2B
FY ending Mar 2022: ¥10.4B¥10.4BFY ending Mar 2023: ¥8.36B¥8.36BFY ending Mar 2024: ¥11.9B¥11.9BFY ending Mar 2025: ¥21.7B¥21.7BFY ending Mar 2026: ¥26.2B¥26.2BFY22FY23FY24FY25FY26
Operating margin11.5%
FY ending Mar 2022: 5.5%5.5%FY ending Mar 2023: 4.4%4.4%FY ending Mar 2024: 5.9%5.9%FY ending Mar 2025: 9.8%9.8%FY ending Mar 2026: 11.5%11.5%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin8.1%
Asset turnover0.74×
ROA6.0%
ROA6.0%
Financial leverage1.46×
ROE8.8%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin8.1%
2022: 3.5%3.5%2024: 3.9%3.9%2025: 9.0%9.0%2026: 8.1%8.1%2223242526
Asset turnover0.74×
2022: 0.68×0.68×2024: 0.73×0.73×2025: 0.77×0.77×2026: 0.74×0.74×2223242526
ROA6.0%
2022: 2.4%2.4%2023: -2.5%-2.5%2024: 2.9%2.9%2025: 6.9%6.9%2026: 6.0%6.0%2223242526
Financial leverage1.46×
2022: 1.36×1.36×2024: 1.43×1.43×2025: 1.44×1.44×2026: 1.46×1.46×2223242526
ROE8.8%
2022: 3.2%3.2%2024: 4.1%4.1%2025: 9.9%9.9%2026: 8.8%8.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.5%0.68×2.4%1.36×3.2%
2023——×-2.5%—×—
20243.9%0.73×2.9%1.43×4.1%
20259.0%0.77×6.9%1.44×9.9%
20268.1%0.74×6.0%1.46×8.8%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue18.6%
2021: 19.2%19.2%2022: 18.6%18.6%2023: 20.1%20.1%2024: 19.3%19.3%2025: 18.3%18.3%2026: 18.6%18.6%212223242526
PPE ÷ total assets13.3%
2021: 12.8%12.8%2022: 12.7%12.7%2023: 13.9%13.9%2024: 13.8%13.8%2025: 13.8%13.8%2026: 13.3%13.3%212223242526
Goodwill ÷ parent equity0.4%
2021: 1.9%1.9%2022: 1.5%1.5%2023: 1.5%1.5%2024: 1.1%1.1%2025: 0.7%0.7%2026: 0.4%0.4%212223242526
Goodwill balance¥859M
2021: ¥3.88B¥3.88B2022: ¥3.14B¥3.14B2023: ¥2.79B¥2.79B2024: ¥2.15B¥2.15B2025: ¥1.5B¥1.5B2026: ¥859M¥859M212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥193M
2021: ¥235M¥235M2022: ¥225M¥225M2023: ¥219M¥219M2024: ¥234M¥234M2025: ¥177M¥177M2026: ¥193M¥193M212223242526
R&D / revenue0.1%
2021: 0.1%0.1%2022: 0.1%0.1%2023: 0.1%0.1%2024: 0.1%0.1%2025: 0.1%0.1%2026: 0.1%0.1%212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue190,690189,032201,025221,885227,850
Cost of revenue164,450165,044172,495182,957183,052
Gross profit26,23923,98728,52938,92844,797
SG&A15,81315,62516,58217,22918,617
Operating income10,4258,36111,94721,69826,180
Pretax income11,119-3,17312,57222,58526,804
Income tax4,0243,4984,4642,4968,044
Net income attributable to owners6,682-6,9137,93719,89518,482
Operating margin5.5%4.4%5.9%9.8%11.5%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 14%
Property, plant and equipment 13%
2%
Investment securities 33%
Other assets 38%

Funding

Other liabilities 22%
Equity 78%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥25.7B¥29.4B¥29.8B¥34.4B¥43.6B
Total assets¥279.7B¥272.5B¥280.5B¥293.9B¥317.8B
Net assets¥216.3B¥202.1B¥213.9B¥229.6B¥247.8B
Share capital¥3.48B¥3.48B¥3.48B¥3.48B¥3.48B
Property, plant and equipment¥35.4B¥37.9B¥38.8B¥40.6B¥42.4B
Intangible assets excluding goodwill¥8.08B¥7.48B¥6.78B¥5.89B¥5.34B
Goodwill¥3.14B¥2.79B¥2.15B¥1.5B¥859M
Investment securities¥109.2B¥95.2B¥100.2B¥102.7B¥104.8B
Current assets¥114.9B¥119B¥122.3B¥129.7B¥142.1B
Current liabilities¥48.8B¥47.4B¥52.5B¥50.7B¥58B
Short-term borrowings¥133M————
Total liabilities¥63.4B¥70.4B¥66.6B¥64.3B¥70B
Non-controlling interests¥3.1B¥2.63B¥2.82B¥3.03B¥3.55B
Equity attributable to owners of parent¥205.8B¥192.6B¥193.4B¥206.9B¥212.7B
Retained earnings¥208.3B¥195.6B¥197.8B¥211.6B¥223.3B
Treasury stock-¥6.13B-¥6.73B-¥8.15B-¥8.8B-¥14.8B

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第110期(2025/04/01-2026/03/31)

    ID S100YD982026-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第109期(2024/04/01-2025/03/31)

    ID S100W1DZ2025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第108期(2023/04/01-2024/03/31)

    ID S100TOEW2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第107期(2022/04/01-2023/03/31)

    ID S100R26Y2023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第106期(令和3年4月1日-令和4年3月31日)

    ID S100OGIK2022-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第105期(令和2年4月1日-令和3年3月31日)

    ID S100LOEZ2021-06-25Open

Extracted from XBRL: 52 / Derived from other figures: 1

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