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Tobishima lifts dividend to ¥105 as annual profit rises

Sales held near flat at ¥139.26bn, while ordinary income rose to ¥5.97bn and the annual dividend increased to ¥105 a share from ¥90. Higher profit and a fatter payout make for a decent civil-engineering postcard, even if the filing does not spell out the project mix.

Jun 24, 20262 min read
Editorial illustration of a major construction site with cranes and bridge work, symbolizing Tobishima's higher profit and dividend.

TOBISHIMA HOLDINGS ended the year to March 2026 with a better payout and better profits, even though sales stayed close to the prior year's level. Net sales were ¥139.26bn versus ¥138.26bn a year earlier, while ordinary income rose to ¥5.97bn from ¥5.73bn and profit attributable to owners of parent climbed to ¥4.85bn from ¥3.72bn.

Shareholders got a lift as well. The annual dividend was ¥105 a share, up from ¥90, and basic earnings per share improved to ¥253.01 from ¥194.46.

Tobishima at a glance
Source: TOBISHIMA HOLDINGS annual securities report for the year ended March 31, 2026.
MetricYear to Mar. 2025Year to Mar. 2026
Net sales¥138.26bn¥139.26bn
Ordinary income¥5.73bn¥5.97bn
Parent profit¥3.72bn¥4.85bn
Dividend per share¥90.00¥105.00

The balance sheet also moved higher. Total assets stood at ¥163.10bn at March 31, up from ¥157.17bn, while net assets rose to ¥54.41bn from ¥50.45bn. Comprehensive income increased to ¥5.68bn from ¥2.88bn, and net assets per share improved to ¥2,836.57 from ¥2,629.92.

Separately, Tobishima's internal control report said financial-reporting controls were effective as of March 31. The evaluation covered the parent and two consolidated subsidiaries, while 17 consolidated subsidiaries and one equity-method affiliate were left outside the company-wide assessment on materiality grounds. Tobishima Construction Co., Ltd., which accounts for about two-thirds of consolidated sales, was the main site tested, with construction revenue, costs, receivables and work-in-progress processes included in the review.

That leaves one obvious limit to the quick read: the filings show the result and the payout, but not a segment-by-segment bridge for why profits improved. What they do show is a contractor finishing the year with higher earnings, a higher dividend and an internal control report that said financial-reporting controls were effective.