Q3 FY2026 Financial Summary (Consolidated) under Japanese GAAP

Overview of results

For the third-quarter cumulative period, net sales were JPY 16,272 million, down 5.2% YoY; operating profit was JPY 514 million, down 41.1%; ordinary profit was JPY 609 million; and profit attributable to owners of parent was JPY 386 million, all below the previous year. The company implemented new digital initiatives and improved inventories, but demand polarization in the construction market and higher material costs affected results, with some summer stoppages at sites contributing. The full-year outlook remains at net sales of JPY 2,100,000 thousand, operating profit of JPY 650,000 thousand, and net income of JPY 550,000 thousand. Note that treasury stock reductions reduced paid-in capital and retained earnings.

Impact on shareholders and outlook

While acknowledging the current downside, productivity improvements from digitalization and better inventories continue to support gross margin. The dividend policy remains unchanged from the most recently announced plan, with an annual total of JPY 6 per share including the interim dividend of JPY 3. In the third quarter alone, there were special items such as treasury stock back entries affecting net profit. Going forward, the company will monitor demand polarization and raw material price trends, and pursue initiatives to reduce costs and expand new items to improve performance.