At the 63rd fiscal year (2025) financial results briefing, it was explained that operating income fell short of the plan by approximately 900 million yen, primarily due to increased SG&A expenses and delays in securing large overseas 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"9621","jir_company_name":"Construction Technology Research Institute Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-02","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/9621-20260302-01.pdf","jir_short_summary":"At the 63rd fiscal year (2025) financial results briefing, it was explained that operating income fell short of the plan by approximately 900 million yen, primarily due to increased SG&A expenses and delays in securing large overseas projects.","jir_summary":"### Overview of Performance\nOperating income for the 63rd fiscal year (2025) fell short of the plan by approximately 900 million yen. The main factors were increased SG&A expenses and delays in orders for large projects at Overseas Construction Technology Research International, which caused non-productive time among engineers, thereby raising the cost ratio. The SG&A increase was impacted by approximately 350 million yen in one-time expenses due to lower overseas business utilization rates (including about 100 million yen in M&A expenses and 100 million yen in indemnity insurance) as well as permanent cost increases due to personnel additions. In the domestic construction consulting business, engineer recruitment was generally in line with the plan and working hours decreased, with no order restrictions imposed.\n\n### Outlook and Capital Efficiency\nThe backlog of uncompleted orders has increased compared to the previous fiscal year, which is expected to contribute to higher sales and profitability next fiscal year. The policy is to avoid accepting low-profit projects unless there is future potential, with risk assessment meetings evaluating risks including profitability. Although ROE has not reached target levels due to declining profitability and special losses, priority is being given to securing profitability and growth investments. Going forward, investment management conscious of capital efficiency and possible reduction in net assets size will be considered. Measures to improve overseas business utilization include pre-adjustments for engineer dispatch and optimized job allocation domestically.","jir_financial_highlights":"Operating Income: Unknown (Approximately 900 million yen short of plan)\nSG&A Expenses: Unknown (Exceeded plan by over 900 million yen)\nOrders from Local Governments: Unknown (Increased by 4 billion yen YoY)","jir_category":"","jir_hashtags":"#ConstructionTechnologyResearchInstitute, #FinancialResultsBriefing, #JapanStocks","jir_key_figures":"Operating Income Shortfall Factor: Approximately 900 million yen below plan\nSG&A Expenses Increase: Exceeded plan by about 900 million yen (including 150 million yen from decreased overseas business utilization, 100 million yen M&A expenses, and 100 million yen indemnity insurance)\nIncrease in Local Government Orders: 4 billion yen YoY increase","jir_meta_title":"Construction Technology Research Institute 63rd Fiscal Year Financial Results Briefing: Operating Income Approximately 900 Million Yen Shortfall and Increased SG&A Expenses","jir_meta_description":"Summary of Construction Technology Research Institute's 63rd fiscal year financial results briefing. Operating income was approximately 900 million yen below plan, mainly due to increased SG&A expenses and delays in large overseas project orders. Local government orders increased by 4 billion yen, with prospects for capital efficiency improvements also indicated.","jir_og_title":"Construction Technology Research Institute 63rd Fiscal Year Financial Results Briefing: Explanation of Operating Income Shortfall Factors","jir_og_description":"Explanation of the background behind the operating income shortfall, details on increased SG&A expenses, and reasons for increased local government orders at the 2025 fiscal year financial results briefing.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":16784,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-32242","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n