JDC CORPORATION
1887・Prime Market・Construction
Civil Engineering Business
The core segment responsible for social infrastructure development returned to profitability in FY2026 (ending May 2026).
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment revenue (consolidated, including internal sales) | ¥38,031 million | ¥37,052 million | ↑ |
| Segment profit (loss) | ¥318 million | △¥4,511 million | ↑ |
| Segment assets | ¥32,433 million | ¥29,078 million | ↑ |
| Depreciation | ¥437 million | ¥506 million | ↓ |
| Non-consolidated orders received | ¥18,193 million | ¥32,898 million | ↓ |
| Non-consolidated order backlog (period-end) | ¥65,026 million | ¥74,523 million | ↓ |
| Non-consolidated revenue (civil engineering total) | ¥27,349 million | ¥24,794 million | ↑ |
Business Details
Develops social infrastructure — dams, rivers, bridges, tunnels, roads, water and sewage systems, land development, and other works — domestically and in Southeast Asia. Public-sector projects form the core of revenue, with a high proportion of competitive bidding. Promotes productivity improvement through proprietary construction methods (Twister method, dynamic compaction method, etc.) and ICT/i-Construction. Subsidiaries include Kokudo Kaihatsu Kogyo, Kaiyo Kogyo, and CSM Rental (newly consolidated in the current period). Through the replacement of unprofitable projects and strengthened construction management systems, the segment turned profitable after a large loss in the prior period.
Recent Overview
Progress in replacing unprofitable projects led to a segment turnaround to profitability following a large loss in the prior period.
In FY2026 (ended May 2026), progress in replacing unprofitable projects led to a segment profit of ¥318 million (versus a segment loss of ¥4,511 million in the prior period), achieving a turnaround to profitability. Consolidated revenue was ¥38,031 million (up 2.6% year on year). On the other hand, non-consolidated orders received declined sharply to ¥18,193 million (down 44.7% year on year), and the order backlog also fell to ¥65,026 million (down 12.7% from the prior period-end). The order forecast for FY2027 (ending May 2027) is ¥40,000 million (up 119.9% year on year), indicating an expected substantial recovery. Regarding the road collapse accident at the
Key Products
Growth Drivers
- Stable orders from public-sector clients supported by resilient public investment trends (national resilience plans, disaster prevention/mitigation)
- Improved earnings structure and establishment of a sustainable profit base following the completion of unprofitable project replacement
- Enhanced construction management systems improving construction quality and thoroughgoing profitability-focused order-taking policy
- Expected revenue recovery driven by the FY2027 (ending May 2027) order forecast of ¥40,000 million (up 119.9% year on year)
- Expanded business base through the consolidation of CSM Rental Co., Ltd. as a subsidiary
- Productivity improvement and construction period shortening through the use of ICT and i-Construction
Risks
- A sharp decline in non-consolidated orders received (¥18,193 million in FY2026, ended May 2026, down 44.7% year on year), leading to a decrease in order backlog and an impact on future revenue
- A decline in order backlog to ¥65,026 million (down 12.7% from the prior period-end), creating downward pressure on medium-term revenue
- Impact on results from the road collapse accident at the
- Cost increase risk from persistently high construction material prices and tight labor supply-demand conditions
- Risk of increased construction costs on large-scale projects and difficulty in negotiating additional contracts
- Risk of recording allowances for doubtful accounts due to concerns over collection of construction payments
- Geopolitical risk and foreign exchange risk on overseas projects (Southeast Asia)
Last updated: August 22, 2025