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KindenKINDEN CORPORATION1944東証プライム建設業FY ending Mar 2026, consolidated, J-GAAP

Kinden FY ending Mar 2026 results

Kinden brought in ¥750.7B in revenue.

Out of every ¥100 of sales, about ¥12 is left as operating profit.

Revenue changed +6.5% from the prior year, operating profit +48.0%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +6.5% · profit +48.0%, calculated from disclosed figures.

Operating leverage: 7.41× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+6.5%¥705.1B → ¥750.7B
Gross profit
+33.2%¥132.8B → ¥176.9B
Operating income
+48.0%¥61B → ¥90.3B
Net income attributable to owners
+47.0%¥47.3B → ¥69.4B
Operating cash flow
+257.2%¥24.5B → ¥87.7B
Free cash flow
+208.1%¥11.1B → ¥34.1B

Results at a glance

  • Revenue for FY ending Mar 2026 was ¥750.7B, up +6.5% from ¥705.1B.
  • Profits rose far faster: gross profit grew +33.2% to ¥176.9B, and operating income climbed +48.0% from ¥61B to ¥90.3B.
  • Net income attributable to owners reached ¥69.4B, up +47.0%.
  • Operating cash flow jumped from ¥24.5B to ¥87.7B, leaving free cash flow of ¥34.1B.

What drove the change

  • The year began with a larger backlog, new orders stayed firm, and projects moved ahead on schedule
  • Customers increasingly accepted higher construction costs in pricing, and productivity gains and cost cutting also lifted margins
  • SG&A rose on wage increases and goodwill amortization from a newly acquired subsidiary

Things to watch

  • Fierce price competition for private-sector work could hurt margins if construction demand shrinks
  • Sudden rises in material prices or subcontractor labor costs can erode project profits
  • Spending cuts by the Kansai Electric Power group, a major customer, would weigh on results

Annual securities report (112th 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 (112th 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 Kinden sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥76
SG&A
¥12
Operating profit
¥12
Net profit kept
¥9

Annual margin trends

Gross margin23.6%
FY ending Mar 2021: 17.8%17.8%FY ending Mar 2022: 17.1%17.1%FY ending Mar 2023: 16.3%16.3%FY ending Mar 2024: 16.4%16.4%FY ending Mar 2025: 18.8%18.8%FY ending Mar 2026: 23.6%23.6%FY21FY22FY23FY24FY25FY26
Operating margin12.0%
FY ending Mar 2021: 7.7%7.7%FY ending Mar 2022: 6.5%6.5%FY ending Mar 2023: 6.1%6.1%FY ending Mar 2024: 6.5%6.5%FY ending Mar 2025: 8.6%8.6%FY ending Mar 2026: 12.0%12.0%FY21FY22FY23FY24FY25FY26
Net margin9.3%
FY ending Mar 2021: 5.8%5.8%FY ending Mar 2022: 4.7%4.7%FY ending Mar 2023: 4.7%4.7%FY ending Mar 2024: 5.1%5.1%FY ending Mar 2025: 6.7%6.7%FY ending Mar 2026: 9.3%9.3%FY21FY22FY23FY24FY25FY26

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

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第112期(2025/04/01－2026/03/31)

    ID S100YFY82026-06-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第111期(2024/04/01－2025/03/31)

    ID S100W2EW2025-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第110期(2023/04/01－2024/03/31)

    ID S100TSST2024-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第109期(2022/04/01－2023/03/31)

    ID S100R7442023-06-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第108期(令和3年4月1日－令和4年3月31日)

    ID S100OGUF2022-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第107期(令和2年4月1日－令和3年3月31日)

    ID S100LMWJ2021-06-25Open

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

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

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