ASANUMA CORPORATION
1852・Prime Market・Construction
Construction
Asanuma Corporation's mainstay segment, covering general construction operations both domestically and overseas.
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (Construction) | ¥142,266 million | ¥141,370 million | ↑ |
| Segment profit (Construction) | ¥15,447 million | ¥14,356 million | ↑ |
| Segment profit margin (Construction) | 10.9% | 10.2% | ↑ |
| Orders received (Construction) | ¥172,786 million | ¥143,828 million | ↑ |
| Backlog carried forward (Construction) | ¥195,828 million | ¥153,185 million | ↑ |
| Completed construction revenue (Construction) | ¥130,144 million | ¥134,318 million | ↓ |
Business Details
The Construction segment is the core business of the Group, accounting for approximately 81% of consolidated net sales. Centered on domestic private-sector construction (logistics facilities, hotels, condominiums, etc.), the segment also handles government construction work and overseas construction primarily in Southeast Asia. Under the "selective order-taking" strategy, the company emphasizes securing profit margins at the time of order acceptance, with proprietary technology proposals contributing to increases in design-build and negotiated (sole-source) orders. Overseas subsidiaries (in Singapore, Thailand, etc.) also contribute to earnings.
Recent Overview
Orders received expanded sharply, up 20.1% year on year to ¥172,786 million, with the backlog carried forward reaching a record high level.
In the Construction segment for FY2026 (ending March 2026), orders received increased substantially to ¥172,786 million (up 20.1% year on year). Both government orders, at ¥31,428 million (up 40.4% year on year), and private-sector orders, at ¥141,357 million (up 16.4% year on year), expanded. Although completed construction revenue declined slightly to ¥130,144 million (down 3.1% year on year), segment profit rose to ¥15,447 million (up 7.6% year on year), and the profit margin improved to 10.9% (from 10.2% in the prior period). The backlog carried forward to the next period was maintained at a high level of ¥195,828 million (up 27.8% year on year), providing high visibility for future sales. Overseas net sales also increased substantially to ¥12,338 million from ¥7,886 million in the prior period.
Key Products
Growth Drivers
- High visibility of future sales secured through a backlog carried forward of ¥195,828 million (up 27.8% year on year)
- Resilient expansion of public construction demand driven by national resilience policy, with government construction orders received of ¥31,428 million (up 40.4% year on year)
- Continued recovery in domestic private-sector construction investment, with private-sector construction orders received of ¥141,357 million (up 16.4% year on year)
- Improvement in segment profit margin (from 10.2% to 10.9%) through thorough implementation of the "selective order-taking" strategy
- Earnings contribution from a substantial expansion in overseas construction net sales (from ¥7,886 million to ¥12,338 million)
- Increase in design-build and negotiated orders driven by patented proprietary technologies such as "Kando Block" and "Ryuutai Kizuri Dokabe"
Risks
- Risk of rising construction costs due to persistently high prices for construction materials
- Growing difficulty securing on-site workforce due to worsening labor shortages and compliance with overtime work regulations
- Risk of suppressed private-sector capital investment and real estate investment due to rising interest rates
- Risk of a downturn in the global economy stemming from US tariff policy and geopolitical risks, with spillover effects on domestic construction investment
- Risk of foreign exchange fluctuations and changes in local economic conditions at overseas subsidiaries (Southeast Asia)
- One fatal accident occurred at a worksite during the period, and strengthening the safety management system remains an ongoing challenge
Last updated: June 18, 2026