Moriya Shokai Co., Ltd. (TSE: 1798), a general construction contractor based in Nagano Prefecture, reported results for the year ended March 31, 2026. Under Japanese GAAP, consolidated revenue rose 1.2% to ¥50.86 billion, operating profit jumped 68.5% to ¥3.86 billion, ordinary profit rose 65.0% to ¥3.91 billion and net profit attributable to owners rose 66.2% to ¥2.74 billion. EPS was ¥251.76 (split-adjusted).
Margins surge on project mix
A more favourable mix of construction projects and firmer margins drove the sharp profit gain, even as revenue was broadly flat. Comprehensive income rose 79.7% to ¥3.01 billion.
Solid balance sheet
Total assets stood at ¥38.32 billion, net assets at ¥18.75 billion and the equity ratio at 48.9%.
Dividend and outlook
The company raised its dividend to ¥180 for the year — a ¥150 ordinary payout plus a ¥30 commemorative dividend marking its 110th anniversary — up from ¥100 the previous year. It carried out a five-for-one share split effective April 1, 2026. For the year to March 2027 it guides revenue of ¥49.00 billion (−3.6%), operating profit of ¥2.55 billion (−34.0%) and net profit of ¥1.70 billion (−38.0%), for EPS of ¥155.90 on the post-split share count.
| Metric | FY3/26 | FY3/25 | YoY |
|---|---|---|---|
| Revenue (¥m) | 50,855 | 50,266 | +1.2% |
| Operating profit (¥m) | 3,861 | 2,291 | +68.5% |
| Ordinary profit (¥m) | 3,912 | 2,371 | +65.0% |
| Net profit attrib. (¥m) | 2,743 | 1,650 | +66.2% |
| EPS (¥) | 251.76 | 151.67 | +66.0% |
| Equity ratio | 48.9% | 46.7% | +2.2pp |
| FY3/27 OP guidance (¥m) | 2,550 | 3,861 | −34.0% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.