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大成温調株式会社 logo

TAISEI ONCHO CO., LTD.

1904Standard MarketConstruction

大成温調株式会社 logo
TAISEI ONCHO CO., LTD.1904

Japan

The largest segment, centered on domestic facilities construction, accounting for approximately 77% of consolidated net sales

PeriodCurrentPreviousChange
Net sales (external customers)¥47,527 million¥47,386 million
Segment profit¥3,457 million¥2,486 million
Orders received (non-consolidated)¥53,954 million¥51,948 million
Backlog (non-consolidated, period-end)¥49,431 million¥42,027 million
Segment assets¥39,706 million¥35,812 million
Depreciation¥368 million¥286 million
Amortization of goodwill¥102 million¥102 million

Business Details

This segment comprises Taisei Onchoh Co., Ltd. itself, together with domestic subsidiaries such as Onchoh Ecosystems Co., Ltd. and Woodtech Co., Ltd. Its core business is the design and construction of building facilities in general, centered on HVAC (heating and cooling), plumbing and sanitary, and electrical installation work, and it also includes the sale of air conditioning/heating equipment and septic tank maintenance operations. Customers include both public-sector and private clients, with the business developed around two axes: new construction work and renovation/maintenance and repair work. Orders received in FY2026 (ending March 2026) continued to build up, reaching ¥53,954 million (up 3.9% year on year), and the order backlog also remained at a high level.

Recent Overview

While net sales were flat, segment profit improved substantially, up 39% year on year

In the Japan segment for FY2026 (ending March 2026), net sales were roughly flat at ¥47,527 million (up 0.3% year on year), while segment profit improved substantially to ¥3,457 million (up 39.1% year on year from ¥2,486 million in the prior period). On a non-consolidated basis, cost of completed construction decreased to ¥35,932 million (from ¥36,923 million in the prior period), improving the gross profit margin. Orders received built up to ¥53,954 million, up 3.9% year on year, and the next-period carry-forward backlog reached a high level of ¥49,431 million, up 17.6% from the prior period-end. As the first year of the new medium-term management plan "LIVZON DREAM 2030 2nd half!," the policy is to promote expansion into advanced engineering fields and maximize stock-type revenue.

Key Products

service
Facilities construction business (new construction)

Handles the design and construction of HVAC, plumbing/sanitary, and electrical facilities for new-build projects such as semiconductor plants, data centers, medical facilities, and office buildings. In FY2026 (ending March 2026), completed construction revenue from new construction work (non-consolidated) was ¥23,459 million, with the carry-forward backlog into the next period at a high level of ¥41,405 million.

service
Facilities construction business (renovation/maintenance and repair, etc.)

A business addressing renewal demand, handling equipment upgrades in existing buildings, energy-saving renovations, and maintenance/repair work. In FY2026 (ending March 2026), completed construction revenue from renovation/maintenance and repair work (non-consolidated) was ¥20,082 million, with a carry-forward backlog into the next period of ¥8,026 million. A stable revenue source expected to see continued demand.

product
Sale of air conditioning/heating equipment and other business

Onchoh Ecosystems Co., Ltd. sells air conditioning and heating equipment in addition to conducting facilities construction operations. This is recorded as other revenue within the Japan segment, amounting to ¥79,894 thousand in FY2026 (ending March 2026).

Growth Drivers

  • Steady trends in private-sector capital investment in growth areas such as semiconductor plants, data centers, and medical facilities
  • Continued demand from redevelopment projects centered on major metropolitan areas
  • A high-level build-up in the next-period carry-forward backlog to ¥49,431 million, driven by orders received of ¥53,954 million (up 3.9% year on year)
  • Stable order intake for renovation work driven by ongoing demand for equipment upgrades and energy-saving renovations in existing buildings
  • Promotion of expansion into advanced engineering fields and maximization of stock-type revenue under the new medium-term management plan "LIVZON DREAM 2030 2nd half!"

Risks

  • Construction costs remaining at elevated levels due to persistently high materials and equipment prices and rising labor costs
  • Constraints on construction capacity due to chronic shortages of engineers and skilled workers
  • Ongoing burden of goodwill amortization (¥102 million in the current period)
  • The impact of declining real income due to yen depreciation and rising prices on domestic demand and private-sector capital investment
  • Impact on materials and equipment procurement costs from unstable international conditions and exchange rate movements

Last updated: June 24, 2026