Nittoc Construction Co., Ltd. Second Quarter (Mid-term) Financial Summary [Japanese GAAP] (Consolidated)

Key Points of Results

Net sales for the mid-term were 39,746 million yen, an increase of 5.5% year on year. On the profit side, operating income was 2,497 million yen, ordinary income was 2,529 million yen, and net income attributable to owners of parent for the mid-term was 1,517 million yen, all exceeding the prior-year comparable period. Orders received were 43,453 million yen, a slight decrease. Profitability improved through an improved gross profit margin contributed by a large-scale slope protection construction project. The company intends to continue growth investments, including making Chiken Techno Co., Ltd. a wholly owned subsidiary, and to strengthen human capital investment and technical capabilities under the medium-term management plan.

Outlook and Capital Allocation

The full-year earnings forecast has been revised based on mid-term progress. The company re-evaluated second-half construction progress and expense plans and disclosed revisions that incorporate the consolidated impact of Chiken Techno. There is no revision to the most recent dividend forecast. The company will continue growth investments in the ground and foundation improvement sector to enhance long-term earnings power and corporate value.