TAKAMATSU CONSTRUCTION GROUP CO., LTD.
1762・Prime Market・Construction
Building Construction Business
Core construction segment accounting for approximately 48% of group sales
| Period | Current | Previous | Change |
|---|---|---|---|
| Completed construction revenue (full year) | ¥172,838 million | ¥163,044 million | ↑ |
| Segment profit (full year) | ¥12,465 million | ¥3,778 million | ↑ |
| Orders received (full year) | ¥223,648 million | ¥209,298 million | ↑ |
| Segment profit margin | approx. 7.2% | approx. 2.3% | ↑ |
| Share of net sales | 48.3% | 47.0% | ↑ |
Business Details
The segment covers a broad range of private and public building construction work centered on Takamatsu Corporation, Aoki Asunaro Construction Co., Ltd., Kongo Gumi Co., Ltd. and Nakamura Shaji Co., Ltd. (temple and shrine construction), Takamatsu Build Co., Ltd., and Daisho Kogyo Co., Ltd. It also includes reform/maintenance (Takamatsu Techno Service Co., Ltd.) and renovation (M's Co., Ltd.). Backed by solid demand for private-sector capital investment, the order backlog has built up, and in FY2026 (ending March 2026) both completed construction revenue and orders received reached record-high levels. Segment profit improved sharply, rising 229.9% year on year.
Recent Overview
Segment profit improved sharply, up 229.9% year on year, marking a record-high level
In the building construction business for FY2026 (ending March 2026), both completed construction revenue of ¥172,838 million (up 6.0% year on year) and orders received of ¥223,648 million (up 6.9% year on year) increased. Segment profit improved substantially to ¥12,465 million from ¥3,778 million in the prior year (up 229.9% year on year). This appears to reflect not only sustained solid private capital investment appetite but also an improvement in profitability on certain projects that had weighed on earnings in the prior period. With the order backlog building up, further increases in completed construction revenue are expected in future periods.
Key Products
Growth Drivers
- Solid order environment supported by sustained private capital investment appetite
- Continuation of public construction investment under national resilience (land strengthening) measures
- Expectations for future increases in completed construction revenue as the order backlog builds up
- Recovery and improvement in segment profit margin driven by improved construction profitability
- Promotion of productivity improvement measures through DX and AI utilization
- Expansion of the value chain through collaboration with the real estate development business (establishment of Takamatsu Toshi Kaihatsu)
Risks
- Deterioration in construction profitability due to persistently high construction material and labor costs
- Constraints on construction capacity due to chronic shortage of construction workers
- Risk of slowdown in private construction investment due to rising mortgage rates and elevated construction costs
- Surge in materials and equipment prices amid geopolitical risks such as the situation in the Middle East
- Risk of economic downturn due to changes in the external environment, including US trade policy
- Risk of prolonged negotiations with clients over design changes and cost increases on certain projects
Last updated: June 18, 2026