Consolidated Financial Results
for the Fiscal Year Ended March 31, 2022
[Japanese GAAP]May 11, 2022
Company name: SEIKITOKYU KOGYO CO., LTD.
Stock exchange listing: Tokyo Stock Exchange
Code number: 1898
URL: https://www.seikitokyu.co.jp
Representative: Yoshikazu Taira, Representative Director, President
Contact: Takanori Kawano, General Manager, Finance Department
Phone: +81-3-6672-9421
Scheduled date of general shareholders’ meeting: June 23, 2022
Scheduled date of commencing dividend payments: June 24, 2022
Scheduled date of filing securities report: June 23, 2022
Availability of supplementary explanatory materials on annual financial results: Unavailable
Schedule of annual financial results briefing session: Scheduled (for institutional investors and analysts)(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 1, 2021 to March 31, 2022)(1) Consolidated Operating Results(% indicates year-on-year changes)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Fiscal year ended
Million yen%
Million yen%
Million yen%
Million yen%
March 31, 2022
85,132(5.4)
4,418 (47.8)
4,358 (48.1)
3,304 (36.2)
March 31, 2021
90,025
14.5
8,470
42.1
8,395
39.7
5,180 (20.8)(Note) Comprehensive income: Fiscal year ended March 31, 2022: ¥ 3,992 million [(33.6)%]
Fiscal year ended March 31, 2021: ¥ 6,010 million [(3.7)%]
DilutedRatio ofRatio of
Basic earnings
Return on
earnings per
ordinary profit
operating profit
per share
equityshare
to total assets
to net sales
Fiscal year ended
Yen
Yen
%
%
%
84.81
–
8.1
5.5
5.2
March 31, 2022
March 31, 2021
128.45
–
13.4
10.9
9.4
(Reference) Equity in earnings of affiliated companies: Fiscal year ended March 31, 2022: ¥– million
Fiscal year ended March 31, 2021: ¥– million(2) Consolidated Financial Position
Total assets
Million yen

Net assets

Equity ratio

Net assets per share

Million yen%

Yen78,295
As of March 31, 2022
40,497
79,409As of March 31, 2021
40,790(Reference) Equity: As of March 31, 2022: ¥40,497 million
As of March 31, 2021: ¥40,790 million

51.7
51.4

1,082.33
1,010.99(3) Consolidated Cash Flows

Fiscal year ended
March 31, 2022
March 31, 2021

Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Million yen

Million yen

Million yen

4,646
1,138

(3,668)(3,622)(2,232)
2,343

Cash and cash
equivalents
at end of period

Million yen

12,814
14,035

2. Dividends
1stquarterend
Fiscal year ended
March 31, 2021
Fiscal year ended
March 31, 2022
Fiscal year ending
March 31, 2023
(Forecast)

Annual dividends
2nd
3rd
Yearquarter- quarterend
end
end

Total
dividends(annual)

Total

Payout ratio(consolidated)

Ratio ofdividends to
net assets(consolidated)

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

–

0.00

–

43.00

43.00

1,734

33.5

4.5

–

0.00

–

30.00

30.00

1,122

35.4

2.9

–

0.00

–

30.00

30.00

34.0

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March
31, 2023)(% indicates year-on-year changes)
Profit attributable to
Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per shareFirst half
Full year

Million yen

42,80092,600

%

10.7
8.8

Million yen

1,300
5,000

%

(25.8)
13.2

Million yen

1,300
5,000

%

(25.2)
14.7

Million yen

800
3,300

%

(32.8)(0.1)* Notes:(1) Changes in significant subsidiaries during the period under review(Changes in specified subsidiaries resulting in changes in scope of consolidation): No(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(Note) For details, please see “3. Consolidated Financial Statements and Primary Notes (5) Notes to Consolidated Financial
Statements (Changes in accounting policies)” on page 9 of the attachment.

(3) Number of shares issued (common shares)
1) Total number of shares issued at the end of the period (including treasury shares):
March 31, 2022:
40,414,407 shares
March 31, 2021:
40,414,407 shares2) Total number of treasury shares at the end of the period:
March 31, 2022:
2,996,909 shares
March 31, 2021:
67,641 shares
3) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year):Year ended March 31, 2022:
38,967,451 sharesYear ended March 31, 2021:
40,330,810 shares

Yen

21.38
88.19

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 1, 2021 - March 31,
2022)(1) Non-consolidated Operating Results(% indicates year -on-year changes)
Net sales
Operating profit
Ordinary profit
ProfitYear ended
Million yen%
Million yen%
Million yen%
Million yen%
March 31, 2022
81,168(4.2)
4,089 (48.8)
4,025 (49.4)
3,083 (35.6)
March 31, 2021
84,699
14.2
7,988
47.8
7,960
43.5
4,784 (22.2)

Year ended
March 31, 2022
March 31, 2021

Basic earnings
per share

Diluted earnings
per share

Yen

Yen

79.12
118.62––(2) Non-consolidated Financial Position
Total assets

Net assets

Million yen

As of March 31, 2022
76,773As of March 31, 2021
77,822(Reference) Equity: As of March 31, 2022: ¥37,041 million
As of March 31, 2021: ¥38,234 million

Equity ratio

Net assets per share

Million yen%

Yen

37,041
38,23448.2
49.1

989.94947.64

2. Non-consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 toMarch 31, 2023)(% indicates year-on-year changes)
Basic earnings
Net sales
Ordinary profit
Profitper shareFirst half
Full year

Million yen

40,80088,000

%

10.1
8.4

Million yen

1,200
4,600

%

(26.9)
14.3

Million yen

800
3,100

%

(31.2)
0.6

Yen

21.38
82.85

* These consolidated financial results are outside the scope of audit by certified public accountants or an audit firm.
* Explanation of the proper use of financial results forecast and other notes
1. Financial results forecasts are determined based on information currently available and may contain various
uncertain factors. Thus, actual results and outcomes may differ from these forecasts.
2. The Company is planning to hold a briefing session for institutional investors and analysts on Friday, June 3, 2022.
The briefing materials to be distributed at the session are scheduled to be promptly posted on the Company’s website
after the session is held.

Consolidated Financial Statements and Primary Notes(1) Consolidated Balance Sheets(Million yen)
As of March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts and other
Costs on construction contracts in progress
Raw materials and supplies
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Machinery, vehicles, tools, furniture andfixtures
Land
Construction in progress
Accumulated depreciation
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Total investments and other assets
Total non-current assets
Total assets

1

As of March 31, 2022

14,035

12,814

34,15034,942

2,565
386
2,683
53,821

459
401
2,871
51,489

9,220

9,824

20,681

21,511

14,327245(20,820)
23,655263

14,217763(21,464)
24,852
250

288
847
533
1,669
25,58879,409

290
947
464
1,703
26,80678,295

(Million yen)
As of March 31, 2021
Liabilities
Current liabilities
Notes payable, accounts payable forconstruction contracts and other
Short-term borrowings
Income taxes payable
Advances received on construction contracts inprogress
Provision for warranties for completed
construction
Provision for loss on construction contracts
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

2

As of March 31, 2022

21,767

20,722

7
1,147

107
494

2,070

1,921

15

32

7
1,645
4,216
30,877

5
1,861
4,163
29,307

5,000
2,597
144
7,742
38,619

6,900
1,505
84
8,490
37,7972,000
519
38,767(40)
41,2462,000
521
40,248(2,502)40,266

21

22

(15)
(461)
(455)
40,79079,4094203
231
40,49778,295

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Million yen)
For the fiscal year ended
March 31, 2021
Net sales
Net sales of completed construction contracts
Net sales of finished goods
Net sales in real estate business and otherTotal net sales
Cost of sales
Cost of sales of completed construction contracts
Cost of finished goods soldCost of sales in real estate business and otherTotal cost of sales
Gross profit
Gross profit on completed construction contracts
Gross profit - finished goods
Gross profit on real estate business and otherTotal gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income
Operating fee
Insurance fee income
Foreign exchange gains
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Syndicated loan origination fee
Commission for purchase of treasury shares
Miscellaneous expenses
Total non-operating expenses
Ordinary profit

3

For the fiscal year ended
March 31, 2022

74,357
15,559107
90,02569,69915,326
105
85,132

63,491
12,33588
75,914

61,212
13,60286
74,901

10,8663,224
19
14,111
5,640
8,470

8,487
1,724
19
10,231
5,812
4,418

1
7
25
11
17
5
39
108

0
7
19
–
–
17
32
77

12
31
96
–
43
183
8,395

38
23
–
53
22
137
4,358

For the fiscal year ended
March 31, 2021
Extraordinary income
Gain on sale of non-current assets
Compensation income
Gain on sale of investment securities
Reversal of provision for retirement benefits
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current assets
Expenses on dismantlement of non-current assets
Loss on sale of shares of subsidiaries andassociates
Loss on valuation of investment securities
Impairment losses
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

4

For the fiscal year ended
March 31, 2022

90
4
0
–
94

20
77
–
0
98

44
23
155

27
10
30

–

4

0
1,166
1,389
7,100
1,332
586
1,919
5,180
–
5,180

–
56
128
4,327
1,123
(100)
1,023
3,304
–
3,304

Consolidated Statements of Comprehensive Income(Million yen)

ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net oftax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interests

For the fiscal year ended
March 31, 2021
5,180

For the fiscal year ended
March 31, 2022
3,304

24

1

0

20

806

665

830
6,010

687
3,992

6,010

3,992

–

–

5

(3) Consolidated Statements of Changes in Equity
Fiscal year ended March 31, 2021 (from April 1, 2020 to March 31, 2021)(Million yen)
Shareholders’ equity
Share capital
Balance at beginning of period
Changes during period
Dividends of surplus
Profit attributable to owners ofparentPurchase of treasury shares
Disposal of treasury shares
Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period

Balance at beginning of period
Changes during period
Dividends of surplus
Profit attributable to owners ofparentPurchase of treasury shares
Disposal of treasury shares
Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period

Capital surplus

2,000

510

Retainedearnings

Treasury shares

35,480(71)(1,893)(1,893)

5,180

5,180

9

–

9
519

2,000

Total
shareholders’equity37,9193,286
38,767

(0)
31

(0)
40

31
(40)

3,326
41,246

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency Remeasurements
difference onothertranslationof defined benefit
available-for-salecomprehensive
adjustment
plans
securities
income(2)(16)(1,267)(1,286)

Total net assets

36,632(1,893)
5,180
(0)
40

24

0

806

830

830

24
21

0
(15)

806
(461)

830
(455)

4,157
40,7906

Fiscal year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)(Million yen)
Shareholders’ equity
Share capital
Balance at beginning of period
Cumulative effects of changes inaccounting policies
Restated balance
Changes during period
Dividends of surplus
Profit attributable to owners ofparentPurchase of treasury shares
Disposal of treasury shares
Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period

Balance at beginning of period
Cumulative effects of changes inaccounting policies
Restated balance
Changes during period
Dividends of surplus
Profit attributable to owners ofparentPurchase of treasury shares
Disposal of treasury shares
Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period

Capital surplus

2,000

519

Retainedearnings

Treasury shares

38,767

(40)

(88)
2,000

519

1
521

(88)

38,678(40)

41,157(1,734)(1,734)

3,304

3,304

1

–
2,000

Total
shareholders’equity41,246

1,569
40,248(2,500)38(2,500)39(2,462)(2,502)(891)
40,266

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency Remeasurements
difference onothertranslationof defined benefit
available-for-salecomprehensive
adjustment
plans
securities
income
21
(15)
(461)
(455)

Total net assets

40,790
(88)

21

(15)

(461)

(455)

40,701(1,734)3,304(2,500)
39

1

20

665

687

687

1
22

20
4

665
203

687
231

(203)
40,497

7

(4) Consolidated Statements of Cash Flows(Million yen)
For the fiscal year ended
March 31, 2021
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Loss (gain) on sale of property, plant and equipment
Loss on retirement of property, plant and equipment
Impairment losses
Expenses on dismantlement of non-current assets
Decrease (increase) in trade receivables
Decrease (increase) in costs on construction contracts inprogress
Increase (decrease) in trade payables
Increase (decrease) in advances received on construction
contracts in progress
Increase (decrease) in accrued consumption taxes
Decrease (increase) in accounts receivable - other
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Dismantling of property, plant and equipment
Proceeds from sale of shares of subsidiaries and associates
resulting in change in scope of consolidation
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Dividends paid
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

8

For the fiscal year ended
March 31, 2022

7,100
1,842
4
377
(567)
(8)
12
(45)
23
1,166
155
(8,150)

4,327
1,997
5
216
(575)
(8)
38
6
10
56
30
664

3,442

(138)

(1,864)(1,023)(3,145)

712

1,617
9
(4)
1,964
8
(5)
(829)
1,138

343
(166)
(215)
6,283
8
(34)
(1,611)
4,646(3,730)161–(3,516)
122
(185)

–

8

(54)
(3,622)(97)(3,668)

(100)
5,000
(665)
(0)
(1,890)
2,343
6
(133)
14,16914,035(0)
2,000–(2,500)(1,731)(2,232)33(1,220)14,035
12,814

(5) Notes to Consolidated Financial Statements(Notes on going concern assumption)
Not applicable.
(Changes in accounting policies)(Application of the “Accounting Standard for Revenue Recognition” and relevant implementation guidance)
The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29,
March 31, 2020; hereinafter, the “Revenue Recognition Standard”) and relevant implementation guidance
effective from the beginning of the fiscal year ended March 31, 2022. Accordingly, the Company recognizes
revenue as the amount expected to be received in exchange for promised goods or services at the time when thecontrol of the goods or services is transferred to the customer. As a result of this application, the Company has
made the following primary change of revenue recognition.
Revenue recognition for construction contracts
The Company previously applied the percentage of completion method for the construction work whose
outcome from the completed portion was deemed definite, and the completed contract method for otherconstruction work whose progress of completion was unable to be measured. However, the Company haschanged to recognize revenue over a certain period of time as it satisfies its performance obligation. The
progress of completion toward satisfaction of performance obligations is measured based on the proportion of
the cost incurred as of the end of each fiscal year to the estimated total cost of the construction work. For
construction contracts whose progress of completion toward satisfaction of performance obligations cannot be
estimated reasonably, the Company recognizes revenue by the cost recovery method when it is probable thatthe cost incurred will be recovered.
The application of the Revenue Recognition Standard, etc. is in accordance with the transitional treatment
stipulated in the proviso of Paragraph 84 of the Revenue Recognition Standard. The cumulative effect ofretrospectively applying the new accounting policy to periods prior to the beginning of the fiscal year ended
March 31, 2022 has been added to or deducted from the retained earnings at the beginning of the fiscal year
ended March 31, 2022, and the new accounting policy is applied from the said balance.
As a result, net sales and cost of sales increased by ¥111 million and ¥144 million, respectively, for the fiscal
year ended March 31, 2022. There were minimal impacts on operating profit, ordinary profit, profit before
income taxes and the beginning balance of retained earnings for the fiscal year ended March 31, 2022.
(Application of the “Accounting Standard for Fair Value Measurement” and relevant implementation guidance)
The Company has applied the “Accounting Standard for Fair Value Measurement” (ASBJ Statement No. 30,
July 4, 2019; hereinafter, the “Fair Value Measurement Standard”) and relevant implementation guidance
effective from the beginning of the fiscal year ended March 31, 2022. In accordance with the transitional
treatment stipulated in Paragraph 19 of the Fair Value Measurement Standard and Paragraph 44-2 of the“Accounting Standard for Financial Instruments” (ASBJ Statement No. 10, July 4, 2019), the Company applies
the new accounting policy set forth by the Fair Value Measurement Standard, etc. over future periods. The
application of the new accounting policy had no impact on the consolidated financial statements.
(Additional information)(Accounting estimates as to the impact of COVID-19)
While it is difficult to accurately predict the future impact and period of convergence of the COVID-19
pandemic, the Company has made accounting estimates for the total amount of revenue recognized over acertain period of time as it satisfies its performance obligation, the total amount of construction cost,
impairment of non-current assets, the recoverability of deferred tax assets, etc. based on the assumption that the
future impact of COVID-19 will be minimal as the construction business and the pavement materials
manufacturing and sales business in Japan continue to show solid financial results.

9

(Segment information, etc.)
1. Overview of reportable segments
Reportable segments of the Group are components of the Group about each of which financial information isseparately available and that are regularly evaluated by the Board of Directors, etc. to decide the allocation ofmanagement resources and assess financial results.
The Group, primarily each business control division of the Company, formulates a comprehensive strategy forthe construction business and the pavement materials manufacturing and sales business and performs businessactivities.
Accordingly, the Group has the two reportable segments of the “construction business” and the “pavement
materials manufacturing and sales business.”
The “construction business” engages in businesses concerning pavement, civil engineering and otherconstruction work in general, and the “pavement materials manufacturing and sales business” in manufactureand sale of pavement materials such as asphalt mixtures.
2. Information on net sales and profit (loss) by reportable segment
For the fiscal year ended March 31, 2021 (from April 1, 2020 to March 31, 2021)(Million yen)
Reportable segment
Pavementmaterials
Construction
manufacturingbusinessand salesbusiness

Total

Others(Note 1)

Adjustments(Note 2)

Amountrecorded in
Consolidated
Statements ofIncome(Note 3)

Net sales(1) Net sales to outside
74,357
15,55989,917
107–
90,025
customers(2) Inter-segmentinternal sales or–
13,162
13,162657(13,819)–transfers
Total
74,35728,721103,079765(13,819)
90,025
Segment profit (loss)
8,428
3,163
11,591154(3,275)8,470(Note 1) The segment “Others,” which is a business segment not included in the reportable segments, comprises real estatebusiness, etc.
(Note 2) A major item of the adjustments for the segment profit is general and administrative expenses for the administrative
divisions of the head office, etc. of ¥(3,286) million, which are not attributable to any business segment.
(Note 3) Segment profit (loss) is adjusted with operating profit on the Consolidated Statements of Income.

For the fiscal year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)(Million yen)
Reportable segment
Pavementmaterials
Construction
manufacturingbusinessand salesbusiness
Net sales(1) Net sales to outside
customers(2) Inter-segmentinternal sales ortransfers
Total
Segment profit (loss)

Total

Others(Note 1)

Adjustments(Note 2)

Amountrecorded in
Consolidated
Statements ofIncome(Note 3)69,69915,32685,026

105–

85,132–

12,832

12,832710(13,543)–

69,6996,038

28,1591,623

97,859
7,661

816
155

(13,543)(3,398)85,1324,418

10

(Note 1)(Note 2)
(Note 3)The segment “Others,” which is a business segment not included in the reportable segments, comprises real estatebusiness, etc.
A major item of the adjustments for the segment profit is general and administrative expenses for the administrative
divisions of the head office, etc. of ¥(3,385) million, which are not attributable to any business segment.
Segment profit (loss) is adjusted with operating profit on the Consolidated Statements of Income.

11(Per share information)

Net assets per share

For the fiscal year ended
March 31, 2021
¥1,010.99

For the fiscal year ended
March 31, 2022
¥1,082.33¥128.45¥84.81

Basic earnings per share(Notes) 1. Diluted earnings per share is not described because no potential share exists.
2. The basis for the calculation of the basic earnings per share is as follows.
For the fiscal year ended
For the fiscal year ended
March 31, 2021
March 31, 2022

Basic earnings per share
Profit attributable to owners of parent(Million yen)Amount not attributable to commonshareholders (Million yen)

5,180

3,304

–

–

Profit attributable to owners of parent
relating to common shares
5,180
3,304
(Million yen)
Average number of common shares
outstanding during the period
40,33038,967(Thousand shares)(Notes) 3. The basis for the calculation of the net assets per share is as follows.
For the fiscal year ended
For the fiscal year ended
March 31, 2021
March 31, 2022
Total amount of net assets (Million yen)

40,79040,497

Balance of net assets relating to commonshares at end of period (Million yen)

40,79040,497

Number of common shares used for the
calculation of net assets per share(Thousand shares)

40,34637,417(Significant subsequent events)(Retirement of treasury shares)
The Company’s Board of Directors resolved at its meeting held on April 27, 2022 to retire treasury shares inaccordance with the provisions of Article 178 of the Companies Act.
For details, please see the “Notice Concerning the Cancellation of Treasury Shares” of April 27, 2022.

12

(6) Status of Manufacture, Orders and Sales(Million yen)Segment

Orders

Net sales

Carryforward

Construction
business

Asphalt pavement
Concrete pavement
Civil engineering, etc.
Total
Pavement materials manufacturing
and sales business
Real estate business, etc.
Total
Construction Asphalt pavementbusiness
Concrete pavement
Civil engineering, etc.
Total
Pavement materials manufacturing
and sales business
Real estate business, etc.
Total
Construction Asphalt pavementbusiness
Concrete pavement
Civil engineering, etc.
Total
Pavement materials manufacturing
and sales business
Real estate business, etc.
Total

For the fiscal year ended
March 31, 2021

For the fiscal year ended
March 31, 2022

Amount57,724845
15,37473,944

Share (%)
64.4
0.9
17.2
82.5

Amount51,034682
15,70067,417

Share (%)
61.6
0.8
19.0
81.4

Year-onyearchangesAmount(6,690)(162)
326(6,526)

15,55917.4

15,326

18.5

(232)

107
89,611
58,615
1,770
13,97274,357

0.1
100.0
65.1
2.0
15.5
82.6

105
82,85053,810640
15,24969,699

0.1
100.0
63.2
0.8
17.9
81.9

(1)
(6,761)(4,804)(1,129)1,276(4,657)

15,55917.3

15,326

18.0

(232)

107
90,02530,416308
10,25340,978

0.1
100.0
74.2
0.8
25.0
100.0

105
85,132
26,195325
10,01736,538

0.1
100.0
71.7
0.9
27.4
100.0

(1)
(4,892)(4,220)16(236)(4,439)

–

–

–

–

–

–
40,978–100.0–
36,538–100.0–(4,439)13