Nishimatsu ConstructionNishimatsu Construction Co., Ltd.1820東証プライム建設業FY ending Mar 2026, consolidated, J-GAAP

Nishimatsu Construction FY ending Mar 2026 results

About 55% of Nishimatsu Construction's sales come from Building construction, with Civil engineering and International Business making up much of the rest.

Out of every ¥100 of sales, about ¥7 is left as operating profit.

Revenue changed +8.0% from the prior year, operating profit +32.9%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +8.0% · profit +32.9%, calculated from disclosed figures.

Operating leverage: 4.12× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +8.0%¥366.8B → ¥396B
Gross profit: +23.1%¥44.1B → ¥54.3B
Operating income: +32.9%¥21.1B → ¥28B
Net income attributable to owners: +37.2%¥17.5B → ¥24.1B
Operating cash flow: -48.3%¥5.89B → ¥3.04B
Free cash flow: Loss-¥18.2B → -¥20.3B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥396B, up 8.0% from ¥366.8B.
Operating income grew 32.9% from ¥21.1B to ¥28B, and net income grew 37.2% from ¥17.5B to ¥24.1B.
Cash was weaker: operating cash flow fell 48.3% from ¥5.89B to ¥3.04B, and free cash flow stayed negative at -¥20.3B.

What drove the change

Domestic civil and building projects generally progressed on schedule, lifting revenue
In building construction, a profit improvement plan took hold and the company won design-change payments on large projects
Selling investment securities produced a one-off gain that boosted net income
The international business saw revenue drop and losses widen, due to delayed civil project starts and lost or delayed orders at a building subsidiary
Operating cash flow shrank as unpaid construction receivables increased

Things to watch

On long projects, rising material and labor costs can cut into planned profit if they cannot be passed on in the contract price
A shortage of engineers and subcontractors could hold back the business
A weaker property market could delay planned sales of developed properties and hurt returns

Annual Securities Report, FY ending Mar 2026 / 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, FY ending Mar 2026 / 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 Nishimatsu Construction sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥86
SG&A: ¥7
Operating profit: ¥7
Net profit kept: ¥6

Annual margin trends

Gross margin13.7%

Operating margin7.1%

Net margin6.1%

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

Building construction¥216.7B
55%
Op. margin 6.4%Industry: General Contractors
Civil engineering¥121.9B
31%
Op. margin 7.5%Industry: General Contractors
International Business¥31.6B
8%
Op. margin -7.5%Industry: General Contractors
Asset Value-Added Business¥25B
6%
Op. margin 30.9%Industry: Real Estate Development & Leasing
Regional Environmental Solutions Business¥748M
0%
Op. margin -107.6%Industry: Electric Power & Gas

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89期(2025/04/01－2026/03/31)
ID S100YEDU2026-06-19Open
EDINET (FSA Japan)
訂正有価証券報告書－第88期(2024/04/01－2025/03/31)
ID S100WA0O2025-07-01Open
EDINET (FSA Japan)
有価証券報告書－第87期(2023/04/01－2024/03/31)
ID S100TRPW2024-06-27Open
EDINET (FSA Japan)
有価証券報告書－第86期(2022/04/01－2023/03/31)
ID S100R5362023-06-29Open
EDINET (FSA Japan)
有価証券報告書－第85期(令和3年4月1日－令和4年3月31日)
ID S100OG1J2022-06-30Open
EDINET (FSA Japan)
有価証券報告書－第84期(令和2年4月1日－令和3年3月31日)
ID S100LR422021-06-30Open

Extracted from XBRL: 53 / Derived from other figures: 2

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