taiseitaisei corporation1801東証プライム建設業FY ending Mar 2026, consolidated, J-GAAP

taisei FY ending Mar 2026 results

About 60% of taisei's sales come from Building construction, with Civil engineering and Real estate development making up much of the rest.

Out of every ¥100 of sales, about ¥9 is left as operating profit.

Revenue changed -3.0% from the prior year, operating profit +56.4%.

Revenue and profit pattern

Revenue down, profit up

Revenue -3.0% · profit +56.4%, calculated from disclosed figures.

Operating leverage: -18.67× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: -3.0%¥2.15T → ¥2.09T
Gross profit: +42.8%¥231.1B → ¥330.1B
Operating income: +56.4%¥120.2B → ¥188B
Net income attributable to owners: +37.3%¥123.8B → ¥170B
Operating cash flow: Back to profit-¥13.8B → ¥147.3B
Free cash flow: Back to profit-¥45.8B → ¥69.7B

Results at a glance

Revenue fell 3.0% to ¥2.09T. Big domestic building jobs were mostly at an early stage, so less of that work turned into sales.
Operating income still rose 56.4% to ¥188B. Taisei had fewer money-losing building projects this year.
Operating cash flow went from -¥13.8B a year earlier to ¥147.3B.

What drove the change

Many large domestic building projects were still in early stages, which held back building revenue.
Better margins in civil and building work, with far fewer loss-making building projects.
Toyo Construction became a consolidated subsidiary, adding civil engineering revenue; gains on selling investment securities lifted net income.

Things to watch

If Japan's construction market shrinks quickly or competition gets tougher, orders and profit could fall.
Material prices that can't be passed on to clients hurt project profits; the company points to material and energy costs tied to the Middle East.
Aging site workers and few young recruits could lead to delays and higher costs.

Amended Annual Securities Report, 166th fiscal term / Management's analysis of financial position, operating results and cash flows · Amended Annual Securities Report, 166th fiscal term / Business risks

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

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

FY ending Mar 2026

Cost of sales: ¥84
SG&A: ¥7
Operating profit: ¥9
Net profit kept: ¥8

Annual margin trends

Gross margin15.8%

Operating margin9.0%

Net margin8.1%

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¥1.25T
60%
Op. margin 6.3%Industry: General Contractors
Civil engineering¥679.7B
33%
Op. margin 14.1%Industry: General Contractors
Real estate development¥144.2B
7%
Op. margin 16.6%Industry: Real Estate Development & Leasing
Other¥16.6B
1%
Op. margin 14.2%

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)
訂正有価証券報告書－第166期(2025/04/01－2026/03/31)
ID S100YDJC2026-06-18Open
EDINET (FSA Japan)
有価証券報告書－第165期(2024/04/01－2025/03/31)
ID S100VY002025-06-17Open
EDINET (FSA Japan)
有価証券報告書－第164期(2023/04/01－2024/03/31)
ID S100TL7V2024-06-21Open
EDINET (FSA Japan)
有価証券報告書－第163期(2022/04/01－2023/03/31)
ID S100R0RE2023-06-28Open
EDINET (FSA Japan)
有価証券報告書－第162期(令和3年4月1日－令和4年3月31日)
ID S100OB6L2022-06-29Open
EDINET (FSA Japan)
有価証券報告書－第161期(令和2年4月1日－令和3年3月31日)
ID S100LMW12021-06-28Open

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

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