Token Corporation
Q1 FY2027 Financial Summary (Japan GAAP) (Consolidated)
Net sales were 94,890 million yen (YoY +1.4%), operating income was 4,574 million yen (−18.5%), ordinary income was 4,749 million yen (−17.5%), and net income attributable to owners of parent was 3,182 million yen (−24.5%); overall, profit declined due to factors such as a decline in gross margin on completed contracts caused by rising materials prices. Full-year guidance unchanged. Dividends undecided. Segments comprise construction, real estate leasing, and others. Cash and deposits declined; current assets fell. Backlog remains strong at the individual (non-consolidated) level, but consolidated figures follow the quarterly summary.
Key Figures
- Net sales: 94,809百万円（YoY +1.4%）
- Operating income: 4,574百万円（YoY △18.5%）
- Net income attributable to owners of parent: 3,182百万円（YoY △24.5%）
AI要約
Performance overview
Consolidated net sales for the first quarter of this period were 94,809 million yen, up 1.4% year over year, while profits declined as operating income fell; ordinary income and net income also underperformed vs. prior year. A notable factor was the decline in gross margin on completed contracts, amplified by rising construction materials prices. By segment, construction and real estate leasing contributed, but overall profitability remained below the prior year. Full-year guidance unchanged. There are no special notes on cash flow during the period, but cash and deposits decreased. Backlog remained firm, with construction orders at high levels.
Outlook and impact on investors
This year, driven by new orders and stable real estate leasing income, total net sales are expected to trend upward; however, progress of ongoing contracts and project-specific margin fluctuations may persist, keeping full-year guidance a key focus. Downstream effects from material price movements, mid-to-long-term housing market trends, and supply-demand balance in the construction industry could further pressure margins. From a shareholder-value perspective, the equity ratio remains stable, supporting financial soundness.
Net sales trend
Operating income trend
Segment revenue share
Forecast vs. actual
Toden Corporation
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