KOMAIHALTEC Inc.
5915・Standard Market・Metal Products
Bridge Business
Core business accounting for approximately 38% of Group revenue. Provides integrated design, fabrication, erection, and repair services for steel bridges.
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue | ¥13,170 million (FY2026, ending March 2026) | ¥15,856 million (FY2025, ended March 2025) | ↓ |
| Segment Profit | ¥2,151 million (FY2026, ending March 2026) | ¥2,560 million (FY2025, ended March 2025) | ↓ |
| Orders Received | ¥17,281 million (FY2026, ending March 2026) | ¥18,433 million (FY2025, ended March 2025) | ↓ |
| Order Backlog | ¥28,498 million (end of FY2026, ending March 2026) | ¥24,388 million (end of FY2025, ended March 2025) | ↑ |
| Segment Profit Margin | 16.3% (FY2026, ending March 2026) | 16.1% (FY2025, ended March 2025) | — |
Business Details
The Bridge Business is a core business of the Komaihaltec Group, accounting for approximately 38% of the Group's revenue. It has an in-house structure capable of completing the entire process, from steel bridge cost estimation to design, fabrication, and on-site construction. Against a backdrop of expressway and railway bridge construction driven by national resilience policies and maintenance demand for bridges built during the period of high economic growth, the segment focuses on new bridge construction as well as seismic reinforcement and aging repair work. Main customers are public institutions such as the regional development bureaus of the Ministry of Land, Infrastructure, Transport and Tourism.
Recent Overview
Revenue decreased 16.9% year on year, while order backlog increased 16.9%, expanding the future revenue base.
In FY2026 (ending March 2026), Bridge Business revenue decreased to ¥13,170 million (down 16.9% year on year). Meanwhile, orders received were limited to ¥17,281 million (down 6.3% year on year), while the order backlog built up to ¥28,498 million (up 16.9% from the end of the prior fiscal year). The segment profit margin was maintained at 16.3%, roughly in line with the prior period, owing to the acquisition of additional change contracts on large-scale projects and thorough profitability management. Amid continued fierce competition for orders due to a decline in the number of bridge construction contracts issued, the buildup in order backlog suggests a recovery in revenue from the next fiscal period onward.
Key Products
Growth Drivers
- The order backlog has built up to ¥28,498 million (up 16.9% from the end of the prior fiscal year), and revenue recognition from this backlog is expected in future periods
- Medium- to long-term demand for repair and renewal of aging social infrastructure is expected to continue from the perspective of disaster prevention and national resilience
- Competitive advantage from an integrated structure covering cost estimation, design, fabrication, and on-site construction
- Capturing new demand through new product development such as steel-concrete composite bridges
- Ability to demonstrate technical capabilities in responding to natural disaster demand and in large-scale, long-duration new bridge construction projects
Risks
- Bridge construction order volumes remain at low levels, and fierce competition for orders continues amid a decline in the number of contracts issued
- The lag between order receipt and revenue recognition is lengthening due to larger-scale, longer-duration projects and a shortage of construction personnel
- In addition to soaring raw material prices and rising labor costs, a shortage of engineers poses a challenge to securing profitability
- Risk of spillover effects on domestic construction investment due to geopolitical risk and uncertainty in overseas economies
- Revenue continued to decline sharply in FY2026 (ending March 2026), down 16.9% year on year, and the outlook for a recovery in the order environment remains unclear
Last updated: June 25, 2026