ShimizuSHIMIZU CORPORATION1803東証プライム建設業FY ending Mar 2026, consolidated, J-GAAP

Shimizu FY ending Mar 2026 results

About 72% of Shimizu's sales come from Construction business of the Corporation, with Other and Road Construction and Paving Work making up much of the rest.

Out of every ¥100 of sales, about ¥6 is left as operating profit.

Revenue changed +5.8% from the prior year, operating profit +67.1%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +5.8% · profit +67.1%, calculated from disclosed figures.

Operating leverage: 11.50× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +5.8%¥1.94T → ¥2.06T
Gross profit: +32.0%¥195.5B → ¥258.1B
Operating income: +67.1%¥71B → ¥118.7B
Net income attributable to owners: +91.8%¥66B → ¥126.6B
Operating cash flow: -73.8%¥159.1B → ¥41.6B
Free cash flow: -145.6%¥125B → -¥57B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥2.06T, up +5.8% from ¥1.94T.
Profit rose much faster: operating income climbed +67.1% to ¥118.7B, and net income attributable to owners rose +91.8% to ¥126.6B.
Cash was a different story. Operating cash flow fell from ¥159.1B to ¥41.6B, and free cash flow turned negative at -¥57B.

What drove the change

Domestic building projects became more profitable, which raised gross profit on construction work.
Net income also got a lift from gains on selling investment securities, booked as extraordinary income.
Operating cash flow shrank because more money was tied up in receivables from customers.

Things to watch

If material prices or labor rates rise sharply after a contract is signed and cannot be passed on, project profits can suffer.
The skilled construction workforce is aging, and a shortage of new workers could hold back the company's capacity to build.
Serious accidents or quality defects on site could bring large repair costs and delays.

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 Shimizu sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥87
SG&A: ¥7
Operating profit: ¥6
Net profit kept: ¥6

Annual margin trends

Gross margin12.5%

Operating margin5.8%

Net margin6.2%

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 business of the Corporation¥1.48T
72%
Op. margin 6.1%Industry: General Contractors
Other¥371.7B
18%
Op. margin 8.2%
Road Construction and Paving Work¥155.7B
8%
Op. margin 6.8%Industry: General Contractors
Real estate business of the Corporation¥52.6B
3%
Op. margin 31.8%Industry: Real Estate Development & Leasing

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124期(2025/04/01－2026/03/31)
ID S100YDXD2026-06-22Open
EDINET (FSA Japan)
有価証券報告書－第123期(2024/04/01－2025/03/31)
ID S100W7C52025-06-27Open
EDINET (FSA Japan)
有価証券報告書－第122期(2023/04/01－2024/03/31)
ID S100TSMP2024-06-27Open
EDINET (FSA Japan)
有価証券報告書－第121期(2022/04/01－2023/03/31)
ID S100R7BX2023-06-29Open
EDINET (FSA Japan)
有価証券報告書－第120期(令和3年4月1日－令和4年3月31日)
ID S100OG9M2022-06-29Open
EDINET (FSA Japan)
有価証券報告書－第119期(令和2年4月1日－令和3年3月31日)
ID S100LSED2021-06-29Open

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

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