Supplemental Explanation Materials for Fiscal Year Ending March 2027 — Second Quarter

Summary of Results

Consolidated net sales for 2Q were 33,024 million yen, a 4.0% increase year-on-year. Strengthened coordination between sales and rental in core businesses supported steady performance in construction equipment and rental-related segments, while housing equipment and electronic equipment segments saw declines in sales and profits. Operating income increased 12.0% year-on-year, but ordinary income decreased -7.4% due to valuation losses on foreign currency-denominated assets. Interim net income attributable to owners of parent decreased 2.4% year-on-year to 897 million yen. Excluding the impact of foreign exchange losses, the overall situation appears to be one of stable growth.

Capital Policy and Financial Position

Total assets stood at 76,639 million yen, the equity ratio was 43.8%, and the D/E ratio was 0.92x, indicating a well-balanced financial position. Treasury stock acquisition is ongoing, with total shares acquired at 586,400 shares and acquisition cost approximately 629,866 thousand yen, representing 53.3% progress toward the cap. Combined with an increase in readily realizable current assets, financial flexibility remains relatively solid.