Takasago Thermal EngineeringTakasago Thermal Engineering Co., Ltd.1969東証プライム建設業FY ending Mar 2026, consolidated, J-GAAP

Takasago Thermal Engineering FY ending Mar 2026 results

About 98% of Takasago Thermal Engineering's sales come from Equipment work, with Equipment manufacturing and sales and Other making up much of the rest.

Out of every ¥100 of sales, about ¥11 is left as operating profit.

Revenue changed +11.1% from the prior year, operating profit +47.3%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +11.1% · profit +47.3%, calculated from disclosed figures.

Operating leverage: 4.27× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +11.1%¥381.7B → ¥423.9B
Gross profit: +30.8%¥71.6B → ¥93.7B
Operating income: +47.3%¥32.4B → ¥47.7B
Net income attributable to owners: +35.6%¥27.6B → ¥37.5B
Operating cash flow: +405.1%¥5.88B → ¥29.7B
Free cash flow: +1493.0%¥1.55B → ¥24.7B

Results at a glance

Revenue grew +11.1% to ¥423.9B.
Operating income grew far faster: +47.3%, from ¥32.4B to ¥47.7B.
In short, Takasago kept more from each project it built.
Cash caught up too, with operating cash flow rising from a thin ¥5.88B to ¥29.7B.

What drove the change

Sites ran on schedule under a leaner construction setup.
The company pushed for better margins both at the bidding stage and on site.
Finished projects included Rapidus's chip plant and a new building at Mitsubishi Electric's power-device factory.

Things to watch

Ducts, piping, refrigerants and chillers can jump in price or arrive late; if contracts don't absorb that, costs overrun.
Overtime tends to pile onto a few engineers in busy periods, which can drive people out and shrink how much work the company can take on.
If Takasago or its subcontractors run short of skilled workers and miss deadlines, revenue slips.

Annual Securities Report (146th 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 (146th 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 Takasago Thermal Engineering sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥78
SG&A: ¥11
Operating profit: ¥11
Net profit kept: ¥9

Annual margin trends

Gross margin22.1%

Operating margin11.3%

Net margin8.8%

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

Equipment work¥415.4B
98%
Op. margin 11.3%Industry: Plant Engineering & Building Services
Equipment manufacturing and sales¥8.41B
2%
Op. margin 10.8%Industry: Air Conditioning
Other¥125M
0%
Op. margin 64.0%

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146期(2025/04/01－2026/03/31)
ID S100YDOU2026-06-18Open
EDINET (FSA Japan)
有価証券報告書－第145期(2024/04/01－2025/03/31)
ID S100VYJS2025-06-17Open
EDINET (FSA Japan)
有価証券報告書－第144期(2023/04/01－2024/03/31)
ID S100TNK22024-06-19Open
EDINET (FSA Japan)
有価証券報告書－第143期(2022/04/01－2023/03/31)
ID S100R30N2023-06-23Open
EDINET (FSA Japan)
有価証券報告書－第142期(令和3年4月1日－令和4年3月31日)
ID S100OAYB2022-06-21Open
EDINET (FSA Japan)
有価証券報告書－第141期(令和2年4月1日－令和3年3月31日)
ID S100LL2N2021-06-22Open

Extracted from XBRL: 54 / Derived from other figures: 1

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

Other periods

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.

Open Markdown Share on X Save image