MATSUI CONSTRUCTION CO., LTD.
1810・Standard Market・Construction
Construction Business
The core segment of Matsui Corporation. Construction Contracting for building and civil engineering work accounts for approximately 98% of consolidated net sales.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment net sales (net sales of completed construction contracts) | ¥94,470 million | ¥97,100 million | ↓ |
| Segment profit (operating profit) | ¥6,203 million | ¥3,642 million | ↑ |
| Gross profit on completed construction contracts | ¥10,261 million | ¥6,808 million | ↑ |
| Orders received (non-consolidated, Construction Business total) | ¥101,396 million | ¥103,387 million | ↓ |
| Balance carried forward to next period (non-consolidated, Construction Business total) | ¥111,998 million | ¥103,604 million | ↑ |
| Segment assets | ¥32,289 million | ¥35,393 million | ↓ |
Business Details
Engages in the contracting business covering building construction, civil engineering, and other general construction work. Serves both public sector and private sector clients, leveraging temple and shrine construction techniques backed by a history dating back to its founding in 1586. Focuses mainly on construction work for public facilities, schools, and cultural facilities, and achieved substantial profit growth in FY2026 (ending March 2026) through improvement in gross profit margin on completed construction contracts. Building Construction Contracting accounts for approximately 97% of sales, while Civil Engineering Contracting, though small in scale, has seen an increasing order trend.
Recent Overview
Net sales declined, but operating profit rose substantially by 70.3% year on year owing to improvement in the gross profit margin on completed construction contracts.
Net sales of completed construction contracts for FY2026 (ending March 2026) decreased to ¥94,470 million (down 2.7% year on year), but segment profit rose substantially to ¥6,203 million (up 70.3% year on year), driven by improvement in the gross profit margin on completed construction contracts. The non-consolidated balance carried forward to the next period increased to ¥111,998 million (up 8.1% year on year), with the building construction balance carried forward particularly strong at ¥110,462 million (up 8.5% year on year). Orders received declined slightly to ¥101,396 million (down 1.9% year on year), but selective order-taking with an emphasis on profitability is considered to have contributed to the improvement in profit margin.
Key Products
Growth Drivers
- Continued improvement in gross profit margin on completed construction contracts (progress in passing on higher material costs, etc. on new projects)
- Improved visibility of future sales due to buildup of the balance carried forward to the next period (non-consolidated Construction Business total of ¥111,998 million, up 8.1% year on year)
- Expansion of the building construction balance carried forward (¥110,462 million, up 8.5% year on year)
- Continuation of a resilient demand environment supported by steady public investment and increased corporate capital expenditure
- Strengthened project profitability management through a shift toward selective order-taking
Risks
- Increasing difficulty in managing construction costs due to persistently high labor and material costs
- Shortage of skilled construction workers amid the declining birthrate and aging population
- Risk of shortages and price increases in building materials stemming from unstable crude oil supply due to Middle East tensions
- Risk of economic downturn and slowdown in capital expenditure due to the impact of US trade policy
- Increased costs associated with compliance with overtime work regulations
Last updated: June 25, 2026