FY27 Mar Q2 Earnings Presentation

Earnings Summary (FY26 2Q)

FY26 2Q results set new records with revenue of 660.8 billion yen, business profit of 39.9 billion yen, EBITDA of 66.0 billion yen, and net income of 65.9 billion yen. By segment, Architecture, Civil Engineering, Infrastructure Operations, Paving, and Machinery all achieved revenue and profit increases. The FY26 full-year guidance was revised upward to revenue of 1,422.0 billion yen, business profit of 92.7 billion yen, EBITDA of 143.9 billion yen, and net income of 82.2 billion yen. The dividend was maintained at 132 yen.

Capital Policy, Returns, and IR Activities

The public offering will strengthen the capital base and expand financial flexibility. FY26 full-year equity ratio is expected at 34.2% with D/E of 0.69x. The public offering totals 114.9 billion yen with a dilution rate of 17.9%; proceeds will be used to repay short-term borrowings related to the acquisitions of Alsocia Construction and watering. The capital policy under the medium-term management plan will continue. IR activities regarding stock price trends were conducted from June and will continue going forward.