Company profile

MASARU CORPORATION

EDINET
E00254
Securities
1795
Industry
Construction
Latest annual securities report
2025-12-24 Annual Securities Report PDF HTML
Latest financial report
2026-05-14 Semiannual Securities Report PDF HTML
Latest filing
2026-06-02 Treasury Share Repurchase Status Report PDF HTML
Compare this company

Industry position

Construction

View details
Profitability Average Current Bottom 46% 5-year trend Broadly stable
Financial strength Above average Based on Equity ratio Current Top 37% 5-year trend Broadly stable
Growth Strong Current Top 15% 5-year trend Improving
Cash generation Strong Current Top 21% 5-year trend Improving

Latest half-year results

H1 FY2026

2025/10/01 - 2026/03/31

Consolidated · Japanese GAAP · Cumulative YTD

For H1 FY2026, revenue was ¥5.15 billion, down 10.0% year over year. Operating income was ¥444.86 million, up 5.9% year over year. Net income was ¥291.96 million, up 5.7% year over year.

Revenue ¥5.15B down 10.0% year over year
Operating income ¥444.86M up 5.9% year over year
Net income ¥291.96M up 5.7% year over year
Operating cash flow -¥144.58M
Free cash flow -¥167.43M
Total assets ¥8.71B

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2025

Consolidated Japanese GAAP

Revenue reached ¥10.65 billion, up 19.0% year over year. Operating income was ¥638.16 million, up 56.6% year over year. Operating margin was 6.0%. Net income was ¥405.23 million, up 46.1% year over year. ROE was 7.7%; equity ratio was 59.9%; free cash flow was ¥1.25 billion.

Revenue ¥10.65B up 19.0% year over year
Operating income ¥638.16M up 56.6% year over year
Net income ¥405.23M up 46.1% year over year
Total assets¥8.81B
Total equity—
Operating cash flow¥1.24B
Free cash flow¥1.25B

Industry position details

Construction

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Average

Operating margin Bottom 55% / ROE Bottom 64%

Financial strength Above average
Based on Equity ratio

Equity ratio Top 41%

Growth Strong

Revenue growth Top 20% / 3-year revenue CAGR Top 20%

Cash generation Strong

Operating cash flow margin Top 23% / Free cash flow margin Top 28%

Profitability Industry position history Broadly stable
2025 Bottom 47% 2024 Bottom 36% 2023 Top 39% 2022 Bottom 21% 2021 Bottom 41%
Financial strength Industry position history Broadly stable
2025 Top 42% 2024 Top 41% 2023 Top 29% 2022 Top 21% 2021 Top 35%
Growth Industry position history Improving
2025 Top 12% 2024 Bottom 43% 2023 Bottom 49% 2022 Bottom 10% 2021 Bottom 15%
Cash generation Industry position history Improving
2025 Top 11% 2024 Bottom 43% 2023 Bottom 49% 2022 Bottom 23% 2021 Bottom 32%
Profitability Operating margin 6.0% Industry median 6.2% Bottom 55% Comparison sample 22
Profitability ROE 7.7% Industry median 9.0% Bottom 64% Comparison sample 22
Financial strength Equity ratio 59.9% Industry median 56.1% Top 41% Comparison sample 22
Growth Revenue growth +19.0% Industry median +4.8% Top 20% Comparison sample 21
Growth 3-year revenue CAGR +15.2% Industry median +6.3% Top 20% Comparison sample 20
Cash generation Operating cash flow margin 11.6% Industry median 4.1% Top 23% Comparison sample 22
Cash generation Free cash flow margin 11.7% Industry median 2.5% Top 28% Comparison sample 22

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2025 Consolidated Japanese GAAP 10647689000 638156000 658551000 405234000 405234000 434559000 8806700000 3529255000 5277444000 5233225000 5277444000 1238782000 9528000 -232731000 1248310000 3294863000 455.94 9.7 4422.618 3985446633.318 5932.43 901151 0.5992532958 0.599 0.0767860351 0.0460142846 0.0599337565 0.0618491956 0.0380583993 0.1163428045 0.1172376466 0.1900031673 0.5659616654 0.563656179 0.4606606304 0.0491499475 0.0682775782 1.9355441073 1.0190077583 -1.4744693257 16.7465783664 0.4455693104 0.4541685271 0.0 0.0363636364 171
FY2024 Consolidated Japanese GAAP 8947614000 407517000 421161000 277432000 277432000 293385000 8394129000 3453985000 4940143000 4925250000 4940143000 421994000 -501269000 490508000 -79275000 2279284000 313.54 12.2 3825.188 3447071991.388 5575.54 901151 0.5885235979 0.589 0.0561586982 0.0330507191 0.0455447676 0.0470696434 0.0310062549 0.0471627408 -0.0088599039 0.0361449299 -0.1921045641 -0.19334042 -0.1952824743 0.113276017 0.0391333878 0.8325494947 -4.2384679695 8.1400623017 -1.5890242 0.2201401354 -0.1996017665 0.0 0.0714285714 165
FY2023 Consolidated Japanese GAAP 8635485000 504418000 522105000 344757000 344757000 356582000 7540025000 2785926000 4754099000 4755158000 4754099000 230277000 -95690000 -68698000 134587000 1868051000 391.73 8.8 3447.224 3106469354.824 5394.8 901151 0.6305150182 0.631 0.072517842 0.0457235884 0.0584122374 0.0604604142 0.0399232932 0.0266663656 0.0155853435 0.2408020922 1.5411230114 1.2413711685 0.8011535508 0.1520692792 0.0675626911 1.8512666768 -1.457485717 0.8049416228 3.1939001728 0.0365605109 0.7921584774 0.0 0.0405405405 154
FY2022 Consolidated Japanese GAAP 6959599000 198502000 232940000 191409000 191409000 178097000 6544767000 2091540000 4453227000 4466111000 4453227000 -270511000 209165000 -352192000 -61346000 1802163000 218.58 14.0 3060.120 2757630198.120 5079.89 901151 0.680425598 0.68 0.0429820892 0.0292461137 0.0285220456 0.0334703192 0.0275028777 -0.0388687624 -0.0088145883 -0.1070763147 -0.511895131 -0.4433278926 -0.404926381 -0.1175051677 0.0184840981 -13.1174968644 28.509734763 -0.7662499185 -3.085747314 -0.1866398038 -0.4080272993 0.0 0.0206896552 148
FY2021 Consolidated Japanese GAAP 7794170000 406679000 418451000 321656000 321656000 340906000 7416210000 3043802000 4372407000 4371980000 4372407000 22324000 7088000 -199401000 29412000 2215701000 369.24 8.9 3286.236 2961394857.636 5010.23 901151 0.5895743244 0.59 0.0735649723 0.0433720189 0.0521773325 0.0536876922 0.0412687945 0.0028641921 0.0037735897 -0.3168553629 -0.443448308 -0.3493695842 -0.2301638968 -0.0292762567 0.0516797649 -0.9814940235 1.0670190335 0.2188348396 -0.9732752292 -0.0712535996 -0.2334966371 0.0 0.0507246377 145
FY2020 Consolidated Japanese GAAP 11409253000 730712000 643147000 417824000 417824000 400579000 7639877000 3482330000 4157546000 4176370000 4157546000 1206313000 -105761000 -255261000 1100552000 2385690000 481.72 7.8 3757.416 3385999185.816 4784.86 901151 0.5441901748 0.544 0.1004977455 0.0546898857 0.0640455602 0.0563706493 0.0366215036 0.1057311114 0.0964613547 0.2543333403 0.4490519941 0.2500792054 0.1411248365 -0.132843382 0.0740395816 0.0877376329 0.5268408785 -20.3661170168 0.2428734373 0.5487480841 0.137017018 0.0 -0.0212765957 138
FY2019 Consolidated Japanese GAAP 9095870000 504269000 514485000 366151000 366151000 363169000 8810262000 4939319000 3870943000 3872521000 3870943000 1109011000 -223521000 -11947000 885490000 1540399000 423.67 6.8 2880.956 2596176380.356 4474.07 901151 0.4393675239 0.439 0.0945896129 0.041559604 0.0554393368 0.0565624839 0.040254643 0.1219246757 0.0973507757 0.1037889529 0.5514202998 0.562829396 0.4100519116 0.1223246538 0.08036728 3.5113841147 0.3975061524 0.9791823129 8.0744119903 1.3099424763 0.4146854548 0.0846153846 141
FY2018 Consolidated Japanese GAAP 8240588000 325037000 329201000 259672000 259672000 239420000 7850012000 4267023000 3582988000 3581584000 3582988000 245825000 -370993000 -573887000 -125168000 666856000 299.48 9.4 2815.112 4159.52 0.4564308946 0.456 0.0724735891 0.0330791851 0.0394434232 0.039948727 0.0315113436 0.0298310024 -0.0151892074 -0.062467412 -0.2464465305 -0.2837944853 0.1983626303 -0.0083278855 0.0156043036 3.2393122596 -5.0181633073 -7.0260726211 -1.8326991139 -0.5117866391 5.2094132283 0.015625 130
FY2017 Consolidated Japanese GAAP 8789655000 431339000 459646000 216689000 216689000 234163000 7915935000 4387998000 3527937000 3506281000 3527937000 57987000 92329000 95234000 150316000 1365911000 48.23 11.1 535.353 785.36 0.4456753372 0.446 0.0614208814 0.027373772 0.0490734847 0.0522939751 0.024652731 0.0065971873 0.0171014676 -0.084310307 -0.2646932976 -0.2068244921 -0.4254810879 0.0619735618 0.0398234744 -0.876388806 3.2055661838 1.3095037683 -0.6938960864 0.2191715163 -0.4254913639 0.1327433628 128
FY2016 Consolidated Japanese GAAP 9598945000 586611000 579501000 377166000 377166000 363422000 7453985000 4061161000 3392823000 3388641000 3392823000 469108000 21954000 -307699000 491062000 1120360000 83.95 5.4 453.330 755.22 0.4551690136 0.455 0.1111658345 0.0505992432 0.0611120285 0.0603713221 0.0392924431 0.0488707874 0.0511579137 113

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp