KajimaKAJIMA CORPORATION1812東証プライム建設業FY ending Mar 2026, consolidated, J-GAAP

Kajima FY ending Mar 2026 results

About 39% of Kajima's sales come from Construction, with Overseas associate companies and Engineering making up much of the rest.

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

Revenue changed +5.3% from the prior year, operating profit +58.5%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +5.3% · profit +58.5%, calculated from disclosed figures.

Operating leverage: 10.96× (profit growth ÷ revenue growth)

FY ending Mar 2025 → FY ending Mar 2026

Revenue for FY ending Mar 2026 was ¥3.07T, up +5.3% from ¥2.91T.
Profit grew much faster: operating income rose +58.5% from ¥151.9B to ¥240.8B, and net income rose +40.9% to ¥177.3B.
Operating cash flow climbed from ¥30.6B to ¥114.6B, and free cash flow swung from -¥39.2B to a positive ¥58.5B.

In civil works, several large projects won major change orders and extra work at the same time, lifting gross margin sharply.
In building work, large projects neared completion, and better pricing at the order stage plus tighter risk control on site raised margins.
Demand for construction in Japan is running above what contractors can build, so bidding competition has eased.
Overseas, fewer U.S. property sales weighed on revenue, but lower costs on projects in Europe and Southeast Asia helped profit.

If rising material and labor costs cannot be passed on to clients, project margins could shrink.
The pool of skilled construction workers is shrinking, which could make it harder to staff projects.
The company expects lower revenue and profit next year, partly because many building projects are still in early stages.

Annual Securities Report (129th 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 (129th term) / 事業等のリスク

FY ending Mar 2025 → FY ending Mar 2026

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

FY ending Mar 2026

Gross margin13.9%

Operating margin7.8%

Net margin5.8%

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

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

FY ending Mar 2026

Construction¥1.18T
39%
Op. margin 7.1%Industry: General Contractors
Overseas associate companies¥1.09T
36%
Op. margin 2.4%Industry: General Contractors
Engineering¥430.8B
14%
Op. margin 17.8%Industry: General Contractors
Domestic associate companies¥271.1B
9%
Op. margin 13.2%Industry: General Contractors
Development¥92.7B
3%
Op. margin 19.0%Industry: Real Estate Development & Leasing

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

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第129期(2025/04/01－2026/03/31)
ID S100YGGI2026-06-24Open
EDINET (FSA Japan)
有価証券報告書－第128期(2024/04/01－2025/03/31)
ID S100W14C2025-06-25Open
EDINET (FSA Japan)
有価証券報告書－第127期(2023/04/01－2024/03/31)
ID S100TP3I2024-06-26Open
EDINET (FSA Japan)
有価証券報告書－第126期(2022/04/01－2023/03/31)
ID S100R2GR2023-06-29Open
EDINET (FSA Japan)
有価証券報告書－第125期(令和3年4月1日－令和4年3月31日)
ID S100OBLA2022-06-29Open
EDINET (FSA Japan)
有価証券報告書－第124期(令和2年4月1日－令和3年3月31日)
ID S100LN572021-06-28Open

Extracted from XBRL: 54 / Derived from other figures: 2

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