GECOSS CORPORATION
9991・Prime Market・Wholesale Trade
Heavy Temporary Construction Business
Gecoss's core segment, centered on the rental and sale of temporary steel materials for construction
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment revenue | ¥103,643 million | ¥99,800 million | ↑ |
| Segment ordinary income | ¥8,604 million | ¥6,630 million | ↑ |
| Segment assets | ¥119,607 million | ¥99,135 million | ↑ |
| Increase in tangible and intangible fixed assets | ¥915 million | ¥1,241 million | ↓ |
| Depreciation | ¥1,542 million | ¥1,294 million | ↑ |
| Segment ordinary income margin | 8.3% | 6.6% | ↑ |
Business Details
Centered on the rental and sale of temporary steel materials for construction work, the segment also engages in the design and construction of temporary works, and the manufacture and sale of specially processed products. It comprises the parent company along with consolidated subsidiaries and FUCHI Pte. Ltd. (made a consolidated subsidiary from FY2026 (ending March 2026)), among others. Large-scale redevelopment projects in the greater Tokyo metropolitan area serve as the primary source of demand, and the segment accounts for approximately 89% of consolidated net sales, making it the core segment. The company is pursuing both improved profitability and expansion of business domains (steel structure processing/bridges, overseas) in tandem.
Recent Overview
Demand for redevelopment in the greater Tokyo metropolitan area drove significant increases in both revenue and profit, while consolidation of FUCHI accelerated overseas expansion
In FY2026 (ending March 2026), construction starts and progress proceeded smoothly, centered on large-scale redevelopment projects in the greater Tokyo metropolitan area, resulting in segment revenue of ¥103,643 million (up 3.9% year on year) and ordinary income of ¥8,604 million (up 29.8% year on year), a significant increase in profit. The temporary works field, up 17.6% year on year, served as the driving force. FUCHI Pte. Ltd. of Singapore was made a consolidated subsidiary, achieving the incorporation of overseas business. For FY2027 (ending March 2027), the company forecasts revenue of ¥103,000 million and ordinary income of ¥8,200 million, a slight decrease.
Key Products
Growth Drivers
- Robust construction demand centered on large-scale redevelopment projects in the greater Tokyo metropolitan area (solid in both public and private sectors)
- Improved profitability through price optimization activities to secure compensation commensurate with costs
- Full-scale incorporation of the Singapore business and expansion of overseas synergies through the consolidation of FUCHI Pte. Ltd.
- Capturing infrastructure renewal demand by strengthening nationwide expansion in the steel structure processing/bridge field
- Expansion of business domains through establishing an operating structure in areas adjacent to earth retention work and increasing civil engineering orders
Risks
- Risk of some projects being suspended or postponed due to tight labor supply-demand and rising construction costs
- Impact of rising prices and interest rates on construction investment
- Impact of prolonged uncertainty in the Middle East on rising logistics costs and procurement of coating raw materials
- Provisional nature of the purchase price allocation associated with the consolidation of FUCHI Pte. Ltd. (the ¥401 million gain on negative goodwill is a provisional figure)
- Risk of a deteriorating order environment outside the greater Tokyo metropolitan area due to widening regional demand disparities
Last updated: June 18, 2026