For the Fiscal Year Ending March 2027 Q1 Financial Summary [Japan GAAP] (Consolidated)

Summary of Results

The first quarter cumulative sales were 24,136 million yen, up 20.6% year over year. Operating income was 5,598 million yen, up 31.4%; ordinary income was 5,580 million yen, up 30.7%; and net income attributable to owners of the parent was 3,548 million yen, up 22.1%. EBITDA stood at 8,778 million yen, with an EBITDA margin of 36.4%, remaining at a high level. The dominant segment was the environmental-related business, with expansion in the mix. The full-year forecast remains unchanged from the previous release. A supplemental materials for the results and a results briefing are planned.

Financial Position and Outlook

Total assets were 250,826 million yen, net assets were 114,170 million yen, and the shareholders' equity ratio was 44.2%, an improvement of 2.0 percentage points from the previous year. A decrease in current assets was due to reductions in cash and deposits. With a decline in long-term borrowings, total liabilities stood at 136,656 million yen. There is no update to the consolidated earnings forecast for the fiscal year ending March 2027 as of the results announcement. Going forward, continued growth is expected from ongoing infrastructure development projects and resource recycling initiatives.