HasekoHASEKO Corporation1808東証プライム建設業FY ending Mar 2026, consolidated, J-GAAP

Haseko FY ending Mar 2026 results

About 64% of Haseko's sales come from Construction-related Business, with Real estate related Business and Condominium Management and Operation Business making up much of the rest.

Out of every ¥100 of sales, about ¥8 is left as operating profit.

Revenue changed +8.1% from the prior year, operating profit +16.6%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +8.1% · profit +16.6%, calculated from disclosed figures.

Operating leverage: 2.04× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +8.1%¥1.18T → ¥1.27T
Gross profit: +14.0%¥166.5B → ¥189.8B
Operating income: +16.6%¥84.7B → ¥98.7B
Net income attributable to owners: +59.2%¥34.5B → ¥54.8B
Operating cash flow: +3919.8%¥3.92B → ¥157.4B
Free cash flow: Back to profit-¥16.7B → ¥136.3B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥1.27T, up +8.1% from ¥1.18T.
Operating income grew faster, rising +16.6% to ¥98.7B, and net income rose +59.2% to ¥54.8B.
Operating cash flow jumped from ¥3.92B to ¥157.4B, and free cash flow turned positive at ¥136.3B after a negative prior year.

What drove the change

Construction contracts were won on better terms, which raised the gross margin on completed projects.
More construction was completed, and the group handed over more condos, sold more income properties and closed more brokerage deals.
Cash flow improved mainly because inventories fell, freeing up cash.

Things to watch

The business leans heavily on building condos for sale, so orders can swing with new supply, sales conditions and interest rates.
Rising prices or shortages of building materials, including from Middle East tensions, could push up costs and delay handovers.
Subsidiary Haseko Reform is under a Japan Fair Trade Commission investigation over suspected antitrust violations in large-scale repair contracts; the financial impact is not yet known.

Annual Securities Report (109th term) / Management's analysis of financial position, results and cash flows · Annual Securities Report (109th term) / Business risks

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Haseko sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥85
SG&A: ¥7
Operating profit: ¥8
Net profit kept: ¥4

Annual margin trends

Gross margin14.9%

Operating margin7.8%

Net margin4.3%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Construction-related Business¥820.1B
64%
Op. margin 8.4%Industry: General Contractors
Real estate related Business¥290.2B
23%
Op. margin 12.3%Industry: Condominium Developers
Condominium Management and Operation Business¥158.5B
12%
Op. margin 5.2%Industry: Real Estate Brokerage & Management
Overseas Business¥4.31B
0%
Op. margin -141.0%

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第109期(2025/04/01－2026/03/31)
ID S100YJVQ2026-06-25Open
EDINET (FSA Japan)
有価証券報告書－第108期(2024/04/01－2025/03/31)
ID S100W5AH2025-06-26Open
EDINET (FSA Japan)
有価証券報告書－第107期(2023/04/01－2024/03/31)
ID S100TQ782024-06-27Open
EDINET (FSA Japan)
有価証券報告書－第106期(2022/04/01－2023/03/31)
ID S100R9ZC2023-06-29Open
EDINET (FSA Japan)
有価証券報告書－第105期(令和3年4月1日－令和4年3月31日)
ID S100OJQ22022-06-29Open
EDINET (FSA Japan)
有価証券報告書－第104期(令和2年4月1日－令和3年3月31日)
ID S100LUVF2021-06-29Open

Extracted from XBRL: 53 / Derived from other figures: 1

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