JGC HoldingsJGC HOLDINGS CORPORATION1963東証プライム建設業FY ending Mar 2026, consolidated, J-GAAP

JGC Holdings FY ending Mar 2026 results

About 91% of JGC Holdings's sales come from Engineering, with Functional Materials Manufacturing and Other making up much of the rest.

Out of every ¥100 of sales, about ¥5 is left as operating profit.

Revenue changed -13.1% from the prior year, and it swung back to an operating profit.

Revenue and profit pattern

Turned profitable

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
-13.1%¥858.1B → ¥745.3B
Gross profit
+238.9%¥18.9B → ¥64.1B
Operating income
Back to profit-¥11.5B → ¥35.4B
Net income attributable to owners
Back to profit-¥398M → ¥41.8B
Operating cash flow
+70.9%¥46.8B → ¥79.9B
Free cash flow
+92.2%¥32.4B → ¥62.2B

Results at a glance

  • Revenue for FY ending Mar 2026 was ¥745.3B, down -13.1% from ¥858.1B a year earlier.
  • Gross profit still rose from ¥18.9B to ¥64.1B, and operating income turned from a loss of -¥11.5B to a profit of ¥35.4B.
  • Net income attributable to owners went from -¥398M to ¥41.8B.
  • Cash generation also improved: operating cash flow reached ¥79.9B (+70.9%) and free cash flow ¥62.2B (+92.2%).

What drove the change

  • Sales fell because new engineering orders were pushed back and many projects were in their final stages
  • Apart from a few troubled projects, large jobs in Japan and overseas progressed steadily and margins improved
  • In functional materials, demand grew for refinery catalysts sold overseas and for semiconductor-related fine chemicals and ceramics

Things to watch

  • Projects under way in the Middle East have been disrupted by the conflict, and the booked impact assumes work there can proceed normally by the first half of next year
  • Higher interest rates and building costs are leading some customers to delay investment decisions, especially for hydrogen, fuel ammonia and SAF plants
  • Long, large projects can lose money if politics shift, clients change plans, or a joint-venture partner fails to deliver its share

Annual securities report (130th term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual securities report (130th term) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

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

FY ending Mar 2026
Cost of sales
¥91
SG&A
¥4
Operating profit
¥5
Net profit kept
¥6

Annual margin trends

Gross margin8.6%
FY ending Mar 2021: 10.1%10.1%FY ending Mar 2022: 10.6%10.6%FY ending Mar 2023: 11.0%11.0%FY ending Mar 2024: 1.3%1.3%FY ending Mar 2025: 2.2%2.2%FY ending Mar 2026: 8.6%8.6%FY21FY22FY23FY24FY25FY26
Operating margin4.7%
FY ending Mar 2021: 5.3%5.3%FY ending Mar 2022: 4.8%4.8%FY ending Mar 2023: 6.0%6.0%FY ending Mar 2024: -2.3%-2.3%FY ending Mar 2025: -1.3%-1.3%FY ending Mar 2026: 4.7%4.7%FY21FY22FY23FY24FY25FY26
Net margin5.6%
FY ending Mar 2021: 1.2%1.2%FY ending Mar 2022: -8.3%-8.3%FY ending Mar 2023: 5.1%5.1%FY ending Mar 2024: -0.9%-0.9%FY ending Mar 2025: -0.0%-0.0%FY ending Mar 2026: 5.6%5.6%FY21FY22FY23FY24FY25FY26

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

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130期(2025/04/01-2026/03/31)

    ID S100YEFQ2026-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第129期(2024/04/01-2025/03/31)

    ID S100W7L92025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第128期(2023/04/01-2024/03/31)

    ID S100TVFX2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第127期(2022/04/01-2023/03/31)

    ID S100R8652023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第126期(令和3年4月1日-令和4年3月31日)

    ID S100OLAH2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第125期(令和2年4月1日-令和3年3月31日)

    ID S100LTOE2021-06-29Open

Extracted from XBRL: 52 / Derived from other figures: 2

Spotted an error? Report it (corrections keep the original record)

Other periods

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.