Tokyu ConstructionTOKYU CONSTRUCTION CO.,LTD.1720東証プライム建設業FY ending Mar 2026, consolidated, J-GAAP

Tokyu Construction FY ending Mar 2026 results

About 76% of Tokyu Construction's sales come from Construction (construction), with Construction (engineering) and Real estate making up much of the rest.

Out of every ¥100 of sales, about ¥5 is left as operating profit.

Revenue changed +16.4% from the prior year, operating profit +84.5%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +16.4% · profit +84.5%, calculated from disclosed figures.

Operating leverage: 5.15× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +16.4%¥293.1B → ¥341.2B
Gross profit: +31.1%¥28.7B → ¥37.6B
Operating income: +84.5%¥8.84B → ¥16.3B
Net income attributable to owners: +101.9%¥6.63B → ¥13.4B
Operating cash flow: -83.2%¥41.2B → ¥6.91B
Free cash flow: -92.4%¥38.5B → ¥2.94B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥341.2B, up 16.4% from ¥293.1B a year earlier.
Operating income climbed 84.5% from ¥8.84B to ¥16.3B, and net income attributable to owners rose 101.9% from ¥6.63B to ¥13.4B.
Cash was a different story: operating cash flow fell 83.2%, from ¥41.2B to ¥6.91B.

What drove the change

Overseas work shrank, but more domestic private and public projects lifted completed work in both building and civil engineering.
The main reason gross profit grew was additional design changes the company secured on domestic civil engineering projects.
A gain on selling investment securities, booked as extraordinary income, also boosted net income.
Operating cash flow was held down by growing receivables from clients and higher inventories.

Things to watch

Sudden swings in material and labor costs, including effects of the Middle East situation, could squeeze project margins.
Fewer skilled workers and the cap on overtime hours may limit how much work the company can take on.
A serious construction defect could bring large repair costs and cost the company future orders.

Annual Securities Report (23rd fiscal period) / 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 (23rd fiscal period) / 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 Tokyu Construction sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥89
SG&A: ¥6
Operating profit: ¥5
Net profit kept: ¥4

Annual margin trends

Gross margin11.0%

Operating margin4.8%

Net margin3.9%

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 (construction)¥259.2B
76%
Op. margin 6.0%Industry: General Contractors
Construction (engineering)¥74.3B
22%
Op. margin 13.1%Industry: General Contractors
Real estate¥7.59B
2%
Op. margin 14.2%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23期(2025/04/01－2026/03/31)
ID S100YFDZ2026-06-19Open
EDINET (FSA Japan)
有価証券報告書－第22期(2024/04/01－2025/03/31)
ID S100W0EF2025-06-20Open
EDINET (FSA Japan)
有価証券報告書－第21期(2023/04/01－2024/03/31)
ID S100TUHH2024-06-26Open
EDINET (FSA Japan)
有価証券報告書－第20期(2022/04/01－2023/03/31)
ID S100R6UJ2023-06-28Open
EDINET (FSA Japan)
有価証券報告書－第19期(令和3年4月1日－令和4年3月31日)
ID S100OFLQ2022-06-27Open
EDINET (FSA Japan)
有価証券報告書－第18期(令和2年4月1日－令和3年3月31日)
ID S100LOJH2021-06-25Open

Extracted from XBRL: 51 / Derived from other figures: 1

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

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