Fiscal Year Ending May 2027: First Quarter Financial Summary [Japanese GAAP] (Consolidated)

Overview of Results

Consolidated net sales for the first quarter were 6,219 million yen, an increase of 9.5% year-over-year. Operating income was 123 million yen and ordinary income was 76 million yen, both significantly higher. Net income attributable to owners of parent for the quarter was 51 million yen, returning to profitability from a loss in the same period last year. By segment, the Timber, Distribution, Construction, Real Estate Leasing, and Automotive divisions contributed, with the Construction division performing particularly well due to improved profit margins on orders received and completed projects. There is no change to the full-year forecast.

Financial Position and Outlook

Total assets stood at 17,197 million yen and net assets were in the 56 million yen range, showing slight improvement from the end of the previous fiscal year. Although cash and deposits decreased and short-term borrowings increased, total liabilities declined due to reductions in long-term borrowings. The consolidated full-year earnings forecast remains unchanged since the announcement in July 2026. Under the medium-term plan "TO PLAN 2029," the company continues to strengthen the profitability of existing businesses and improve its financial structure.