{
  "commentary": [
    {
      "heading": "PL──補修専業の高収益体質",
      "paragraphs": [
        "連結売上高は2008年6月期414億円から2025年6月期907億円へ17年で2.2倍に拡大し、営業利益率は2008年6月期8.1%から2025年6月期22.9%へ改善した。連結営業利益は2008年33.6億円から2025年208億円へ6.2倍に伸び、ROEは2018年6月期10.2%から2025年6月期14.5%へ4.3ポイント上昇している。社会資本メンテナンス国策化（2013年〜）に伴う発注量の拡大と、補修専業の競争優位を反映した収益構造の高度化が連動した結果である。"
      ]
    },
    {
      "heading": "BS──積み上がる純資産と高い自己資本比率",
      "paragraphs": [
        "連結純資産は2018年6月期741億円から2025年6月期1,064億円へ7年で43%増加した。自己資本比率は2018年〜2025年6月期にかけて79〜82%水準で推移し、有利子負債依存度の低い財務体質が定着している。一方、現預金等の期末残高は2018年146億円から2025年325億円へ拡大し、稼ぐ仕組みが完成して資本が積み上がる局面に入った。配当性向60%・自己株式取得50億円による総還元性向93%（2025年6月期）の強化は、この資本配分課題への直接的な応答である。"
      ]
    },
    {
      "heading": "セグメント／地域構成",
      "paragraphs": [
        "報告セグメントは「国内建設」と「その他（工事材料の製造・販売）」の2区分で、国内建設の売上は2025年6月期868億円（前期比6.7%増）。工事材料は同期83億円で、国内建設6割・その他4割の構成比は近年安定している。地域別では2019年4月の三井物産との合弁SB&M設立以降、海外売上が出始めた段階で、2025年6月期にタイCPAC SB&M Lifetime Solutionが創業以来初の黒字化を達成した。"
      ]
    }
  ],
  "financials": [
    {
      "FY": "FY07",
      "period": "2008/6",
      "unit": "百万円",
      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 41416,
      "sales_jp": "売上高",
      "cost_of_sales": null,
      "cost_of_sales_jp": null,
      "sga": null,
      "sga_jp": null,
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": null,
      "gross_profit_jp": null,
      "operating_profit": null,
      "operating_profit_jp": null,
      "ordinary_profit": 3368,
      "ordinary_profit_jp": "経常利益",
      "extraordinary_income": null,
      "extraordinary_income_jp": null,
      "extraordinary_loss": null,
      "extraordinary_loss_jp": null,
      "net_profit": 2796,
      "net_profit_jp": "親会社株主に帰属する当期純利益"
    },
    {
      "FY": "FY08",
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      "unit": "百万円",
      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 42737,
      "sales_jp": "売上高",
      "cost_of_sales": null,
      "cost_of_sales_jp": null,
      "sga": null,
      "sga_jp": null,
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": null,
      "gross_profit_jp": null,
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      "operating_profit_jp": null,
      "ordinary_profit": 4816,
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      "extraordinary_income": null,
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      "extraordinary_loss_jp": null,
      "net_profit": 1941,
      "net_profit_jp": "親会社株主に帰属する当期純利益"
    },
    {
      "FY": "FY09",
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      "unit": "百万円",
      "accounting_standard": "JGAAP",
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      "sales": 50582,
      "sales_jp": "売上高",
      "cost_of_sales": null,
      "cost_of_sales_jp": null,
      "sga": null,
      "sga_jp": null,
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": null,
      "gross_profit_jp": null,
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      "operating_profit_jp": null,
      "ordinary_profit": 7930,
      "ordinary_profit_jp": "経常利益",
      "extraordinary_income": null,
      "extraordinary_income_jp": null,
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      "extraordinary_loss_jp": null,
      "net_profit": 4371,
      "net_profit_jp": "親会社株主に帰属する当期純利益"
    },
    {
      "FY": "FY10",
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      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 47430,
      "sales_jp": "売上高",
      "cost_of_sales": null,
      "cost_of_sales_jp": null,
      "sga": null,
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      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": null,
      "gross_profit_jp": null,
      "operating_profit": null,
      "operating_profit_jp": null,
      "ordinary_profit": 7994,
      "ordinary_profit_jp": "経常利益",
      "extraordinary_income": null,
      "extraordinary_income_jp": null,
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      "extraordinary_loss_jp": null,
      "net_profit": 4784,
      "net_profit_jp": "親会社株主に帰属する当期純利益"
    },
    {
      "FY": "FY11",
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      "unit": "百万円",
      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 44368,
      "sales_jp": "売上高",
      "cost_of_sales": null,
      "cost_of_sales_jp": null,
      "sga": null,
      "sga_jp": null,
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": null,
      "gross_profit_jp": null,
      "operating_profit": null,
      "operating_profit_jp": null,
      "ordinary_profit": 6867,
      "ordinary_profit_jp": "経常利益",
      "extraordinary_income": null,
      "extraordinary_income_jp": null,
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      "net_profit": 3687,
      "net_profit_jp": "親会社株主に帰属する当期純利益"
    },
    {
      "FY": "FY12",
      "period": "2013/6",
      "unit": "百万円",
      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 51792,
      "sales_jp": "売上高",
      "cost_of_sales": null,
      "cost_of_sales_jp": null,
      "sga": null,
      "sga_jp": null,
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": null,
      "gross_profit_jp": null,
      "operating_profit": null,
      "operating_profit_jp": null,
      "ordinary_profit": 7221,
      "ordinary_profit_jp": "経常利益",
      "extraordinary_income": null,
      "extraordinary_income_jp": null,
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      "extraordinary_loss_jp": null,
      "net_profit": 4349,
      "net_profit_jp": "親会社株主に帰属する当期純利益"
    },
    {
      "FY": "FY13",
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      "unit": "百万円",
      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 49599,
      "sales_jp": "売上高",
      "cost_of_sales": null,
      "cost_of_sales_jp": null,
      "sga": null,
      "sga_jp": null,
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": null,
      "gross_profit_jp": null,
      "operating_profit": null,
      "operating_profit_jp": null,
      "ordinary_profit": 7932,
      "ordinary_profit_jp": "経常利益",
      "extraordinary_income": null,
      "extraordinary_income_jp": null,
      "extraordinary_loss": null,
      "extraordinary_loss_jp": null,
      "net_profit": 5008,
      "net_profit_jp": "親会社株主に帰属する当期純利益"
    },
    {
      "FY": "FY14",
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      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 52124,
      "sales_jp": "売上高",
      "cost_of_sales": 39480,
      "cost_of_sales_jp": "売上原価",
      "sga": 3499,
      "sga_jp": "販売費及び一般管理費",
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": 12643,
      "gross_profit_jp": "売上総利益",
      "operating_profit": 9144,
      "operating_profit_jp": "営業利益",
      "ordinary_profit": 9480,
      "ordinary_profit_jp": "経常利益",
      "extraordinary_income": 0,
      "extraordinary_income_jp": "特別利益",
      "extraordinary_loss": 13,
      "extraordinary_loss_jp": "特別損失",
      "net_profit": 5926,
      "net_profit_jp": "親会社株主に帰属する当期純利益"
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    {
      "FY": "FY15",
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      "unit": "百万円",
      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 52334,
      "sales_jp": "売上高",
      "cost_of_sales": 39624,
      "cost_of_sales_jp": "売上原価",
      "sga": 3406,
      "sga_jp": "販売費及び一般管理費",
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": 12709,
      "gross_profit_jp": "売上総利益",
      "operating_profit": 9303,
      "operating_profit_jp": "営業利益",
      "ordinary_profit": 9648,
      "ordinary_profit_jp": "経常利益",
      "extraordinary_income": 16,
      "extraordinary_income_jp": "特別利益",
      "extraordinary_loss": 140,
      "extraordinary_loss_jp": "特別損失",
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      "net_profit_jp": "親会社株主に帰属する当期純利益"
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    {
      "FY": "FY16",
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      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 53250,
      "sales_jp": "売上高",
      "cost_of_sales": 39452,
      "cost_of_sales_jp": "売上原価",
      "sga": 3637,
      "sga_jp": "販売費及び一般管理費",
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": 13797,
      "gross_profit_jp": "売上総利益",
      "operating_profit": 10160,
      "operating_profit_jp": "営業利益",
      "ordinary_profit": 10516,
      "ordinary_profit_jp": "経常利益",
      "extraordinary_income": 462,
      "extraordinary_income_jp": "特別利益",
      "extraordinary_loss": 638,
      "extraordinary_loss_jp": "特別損失",
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      "net_profit_jp": "親会社株主に帰属する当期純利益"
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    {
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      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 59682,
      "sales_jp": "売上高",
      "cost_of_sales": 44900,
      "cost_of_sales_jp": "売上原価",
      "sga": 4000,
      "sga_jp": "販売費及び一般管理費",
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": 14781,
      "gross_profit_jp": "売上総利益",
      "operating_profit": 10781,
      "operating_profit_jp": "営業利益",
      "ordinary_profit": 11187,
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      "extraordinary_income": 69,
      "extraordinary_income_jp": "特別利益",
      "extraordinary_loss": 485,
      "extraordinary_loss_jp": "特別損失",
      "net_profit": 7301,
      "net_profit_jp": "親会社株主に帰属する当期純利益"
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    {
      "FY": "FY18",
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      "unit": "百万円",
      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 60824,
      "sales_jp": "売上高",
      "cost_of_sales": 44742,
      "cost_of_sales_jp": "売上原価",
      "sga": 4354,
      "sga_jp": "販売費及び一般管理費",
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": 16082,
      "gross_profit_jp": "売上総利益",
      "operating_profit": 11727,
      "operating_profit_jp": "営業利益",
      "ordinary_profit": 12165,
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      "extraordinary_income_jp": "特別利益",
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      "extraordinary_loss_jp": "特別損失",
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      "net_profit_jp": "親会社株主に帰属する当期純利益"
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    {
      "FY": "FY19",
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      "unit": "百万円",
      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 67590,
      "sales_jp": "売上高",
      "cost_of_sales": 50270,
      "cost_of_sales_jp": "売上原価",
      "sga": 4389,
      "sga_jp": "販売費及び一般管理費",
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": 17319,
      "gross_profit_jp": "売上総利益",
      "operating_profit": 12930,
      "operating_profit_jp": "営業利益",
      "ordinary_profit": 13507,
      "ordinary_profit_jp": "経常利益",
      "extraordinary_income": 23,
      "extraordinary_income_jp": "特別利益",
      "extraordinary_loss": 325,
      "extraordinary_loss_jp": "特別損失",
      "net_profit": 9005,
      "net_profit_jp": "親会社株主に帰属する当期純利益"
    },
    {
      "FY": "FY20",
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      "unit": "百万円",
      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 80065,
      "sales_jp": "売上高",
      "cost_of_sales": 59282,
      "cost_of_sales_jp": "売上原価",
      "sga": 5050,
      "sga_jp": "販売費及び一般管理費",
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": 20782,
      "gross_profit_jp": "売上総利益",
      "operating_profit": 15732,
      "operating_profit_jp": "営業利益",
      "ordinary_profit": 16302,
      "ordinary_profit_jp": "経常利益",
      "extraordinary_income": 3,
      "extraordinary_income_jp": "特別利益",
      "extraordinary_loss": 390,
      "extraordinary_loss_jp": "特別損失",
      "net_profit": 11340,
      "net_profit_jp": "親会社株主に帰属する当期純利益"
    },
    {
      "FY": "FY21",
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      "unit": "百万円",
      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 81193,
      "sales_jp": "売上高",
      "cost_of_sales": 58638,
      "cost_of_sales_jp": "売上原価",
      "sga": 5288,
      "sga_jp": "販売費及び一般管理費",
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": 22555,
      "gross_profit_jp": "売上総利益",
      "operating_profit": 17267,
      "operating_profit_jp": "営業利益",
      "ordinary_profit": 17669,
      "ordinary_profit_jp": "経常利益",
      "extraordinary_income": 602,
      "extraordinary_income_jp": "特別利益",
      "extraordinary_loss": 227,
      "extraordinary_loss_jp": "特別損失",
      "net_profit": 12366,
      "net_profit_jp": "親会社株主に帰属する当期純利益"
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    {
      "FY": "FY22",
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      "unit": "百万円",
      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 83924,
      "sales_jp": "売上高",
      "cost_of_sales": 60453,
      "cost_of_sales_jp": "売上原価",
      "sga": 5346,
      "sga_jp": "販売費及び一般管理費",
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": 23470,
      "gross_profit_jp": "売上総利益",
      "operating_profit": 18124,
      "operating_profit_jp": "営業利益",
      "ordinary_profit": 18637,
      "ordinary_profit_jp": "経常利益",
      "extraordinary_income": 357,
      "extraordinary_income_jp": "特別利益",
      "extraordinary_loss": 2,
      "extraordinary_loss_jp": "特別損失",
      "net_profit": 12887,
      "net_profit_jp": "親会社株主に帰属する当期純利益"
    },
    {
      "FY": "FY23",
      "period": "2024/6",
      "unit": "百万円",
      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 85419,
      "sales_jp": "売上高",
      "cost_of_sales": 60076,
      "cost_of_sales_jp": "売上原価",
      "sga": 5676,
      "sga_jp": "販売費及び一般管理費",
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": 25343,
      "gross_profit_jp": "売上総利益",
      "operating_profit": 19666,
      "operating_profit_jp": "営業利益",
      "ordinary_profit": 20436,
      "ordinary_profit_jp": "経常利益",
      "extraordinary_income": 544,
      "extraordinary_income_jp": "特別利益",
      "extraordinary_loss": 20,
      "extraordinary_loss_jp": "特別損失",
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      "net_profit_jp": "親会社株主に帰属する当期純利益"
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    {
      "FY": "FY24",
      "period": "2025/6",
      "unit": "百万円",
      "accounting_standard": "JGAAP",
      "consolidation": "連結",
      "sales": 90712,
      "sales_jp": "売上高",
      "cost_of_sales": 64208,
      "cost_of_sales_jp": "売上原価",
      "sga": 5709,
      "sga_jp": "販売費及び一般管理費",
      "cost_others": null,
      "cost_others_jp": null,
      "gross_profit": 26503,
      "gross_profit_jp": "売上総利益",
      "operating_profit": 20794,
      "operating_profit_jp": "営業利益",
      "ordinary_profit": 21139,
      "ordinary_profit_jp": "経常利益",
      "extraordinary_income": 813,
      "extraordinary_income_jp": "特別利益",
      "extraordinary_loss": 151,
      "extraordinary_loss_jp": "特別損失",
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      "net_profit_jp": "親会社株主に帰属する当期純利益"
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  "cf": [
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      "period": "2008/6",
      "unit": "百万円",
      "accounting_standard": "JGAAP",
      "consolidation": "連結",
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      "operating_cf_jp": "営業CF",
      "investing_cf": -3097,
      "investing_cf_jp": "投資CF",
      "financing_cf": -25,
      "financing_cf_jp": "財務CF",
      "cash_equivalents": 12497,
      "cash_equivalents_jp": "現金同等物期末残高"
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      "operating_cf_jp": "営業CF",
      "investing_cf": 2640,
      "investing_cf_jp": "投資CF",
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      "financing_cf_jp": "財務CF",
      "cash_equivalents": 17550,
      "cash_equivalents_jp": "現金同等物期末残高"
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      "unit": "百万円",
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      "consolidation": "連結",
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      "operating_cf_jp": "営業CF",
      "investing_cf": -6584,
      "investing_cf_jp": "投資CF",
      "financing_cf": -1875,
      "financing_cf_jp": "財務CF",
      "cash_equivalents": 12444,
      "cash_equivalents_jp": "現金同等物期末残高"
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      "operating_cf_jp": "営業CF",
      "investing_cf": -776,
      "investing_cf_jp": "投資CF",
      "financing_cf": -2060,
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