Q1 Financial Summary for the Fiscal Year Ending May 2027 (Japanese GAAP) (Consolidated)

Overview of Performance

Consolidated net sales for the quarter were 15,702 hundred million yen, operating income was 2,574 hundred million yen, ordinary income was 2,438 hundred million yen, and net income attributable to owners of parent was 1,410 hundred million yen. By segment, Rental Development advanced sales activities and sold seven projects, recording net sales of 7,804 hundred million yen and segment income of 1,987 hundred million yen. Value Up reported net sales of 738 hundred million yen and segment income of 134 million yen. Construction Contracting recorded net sales of 7,156 hundred million yen and segment income of 75.1 million yen. The figures reflect the impact of consolidating Ogawa Construction as a consolidated subsidiary.

Outlook and Financial Position

As of the quarter, total assets amounted to 46,538 million yen, liabilities were 28,038 million yen, and net assets were 18,499 million yen, resulting in an equity ratio of 31.9%, up from the previous term. The full-year forecast remains unchanged, and the financial summary contains no new revisions to forward-looking statements. Each segment—Rental Development, Value Up and Construction Contracting—is progressing according to plan, and the company will consider revisions to its outlook depending on future market conditions.