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1Scan for outdated or missing drivers - takes under a minute2Repair Windows errors before they cause bigger problems3Fix the driver behind crashes, sound loss and screen glitchesTo track Tokyu Construction’s profit growth, compare sales, gross profit, operating income and their margins across matching fiscal periods and on the same reporting basis. For FY2026, the year ended March 31, 2026, the company reported consolidated net sales of ¥341.1 billion, operating income of ¥16.3 billion, profit attributable to owners of parent of ¥13.3 billion and return on equity (ROE) of 12.6%. Those figures show the reported outcome; they do not, on their own, establish a multi-year growth trend or independently prove what caused it.
Start with the fiscal year and reporting basis
Tokyu Construction Co., Ltd. is listed on the Tokyo Stock Exchange Prime Market under security code 1720. Its fiscal year runs from April 1 through March 31, so FY2026 ended March 31, 2026. Confirm both the fiscal period and whether a figure is consolidated or non-consolidated before comparing it with another period. Consolidated results cover the group; non-consolidated results cover the individual company. They are different series, not interchangeable measures. See the company’s stock overview for its listing and fiscal calendar.
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Read the income statement from sales to profit
Sales indicate the revenue recognized from work during the period, but sales growth alone does not show whether the work became more profitable. Follow the statement down through profit measures, keeping the same periods and reporting basis.
Sales, gross profit and gross margin
Gross profit is sales minus the direct costs associated with generating that revenue. Gross margin is gross profit divided by sales. Looking at both helps answer whether higher revenue was accompanied by stronger profit before corporate overhead. Tokyu Construction’s financial information includes construction results and breakdowns such as building and civil engineering; use those categories only when comparing like-for-like reported figures. The company’s financial highlights provide historical information.
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Operating income and operating margin
Operating income measures profit from ordinary operations before non-operating and extraordinary items. Operating margin is operating income divided by sales. Compare the growth rates of sales and operating income, then compare operating margin across periods. If operating income grows faster than sales, the operating margin has expanded; if it grows more slowly, the margin has narrowed. Check the actual figures rather than inferring a margin trend from revenue alone.
Ordinary income and parent-attributable profit
Ordinary income and profit attributable to owners of parent sit below operating income in the earnings picture and can change for reasons beyond operating performance. If parent-attributable profit rises, inspect the intervening lines before calling it an improvement in operations. Tokyu Construction’s financial information and results materials provide the relevant statements.
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What Tokyu Construction reported for FY2026
In its shareholder message, Representative Director and President Koji Hisada reported the following consolidated FY2026 figures:
| Measure | FY2026 result |
|---|---|
| Net sales | ¥341.1 billion |
| Operating income | ¥16.3 billion |
| Profit attributable to owners of parent | ¥13.3 billion |
| ROE | 12.6% |
Hisada said net sales reached a record, supported by domestic construction demand. He described profit as significantly exceeding the initial forecast and wrote: “In terms of profit, results significantly exceeded our initial forecasts, driven by on-site ingenuity through the utilization of digital technology and the rational reflection of cost fluctuations in contract prices.” This is management’s explanation of the result, not an independently established breakdown of the causes. The figures and explanation appear in the company’s president’s message.
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Do not mix FY2025 non-consolidated results with FY2026 consolidated results
Tokyu Construction’s FY2025 summary reports non-consolidated net sales of ¥263,945 million and operating income of ¥6,770 million. These figures are for the individual company, not the consolidated group. They should not be placed beside the FY2026 consolidated figures as if they formed a directly comparable year-over-year series. Use the same basis for both periods to calculate growth or margin changes. The company’s FY2025 summary and financial information also break out building construction, civil engineering and real-estate activity.
Check the documents before calling a trend
A single year shows a result, not whether profit is growing over time. To assess the trend, use multiple periods from the company’s historical results and verify that any later revised or newly published figures are included. The IR library links to financial results, securities reports and integrated reports; the company’s financial highlights are another entry point.
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- Compare sales growth with gross-profit growth and gross margin.
- Compare operating-income growth with operating margin.
- Keep ordinary income and parent-attributable profit distinct from operating results.
- Use the same fiscal periods, currency units and consolidated or non-consolidated basis throughout.
The company’s financial materials provide reported values and management commentary. They do not replace an investor’s own assessment of the figures.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Treat forecasts as forecasts
Hisada’s message says FY2026 profit exceeded the initial forecast and gives management’s account of factors behind that outcome. An initial forecast is not the same as the final result, and the company cautions that actual performance may differ from forward-looking information. Its disclosure policy notes that economic conditions, market trends and other factors can affect results. Treat forecasts as company expectations, not guarantees.
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Check for a newer reporting period
FY2026 is the full-year period ended March 31, 2026; it should not be described as the latest performance without checking for newer disclosures. Before making a current-period comparison, consult Tokyu Construction’s IR library and latest financial release for FY2027 quarterly results and any updated full-year forecast.
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