Notice Regarding Differences Between Consolidated Earnings Forecast and Actual Results for the Second Quarter (Interim) of the Fiscal Year Ending March 2027

Overview of Variances

We announce the differences between the consolidated earnings forecast and actual results for the second quarter of the fiscal year ending March 2027. Due to the early completion of some large projects scheduled for the second half and improved construction efficiency, net sales, operating income, ordinary income, and interim net income attributable to owners of the parent exceeded the prior forecast. There is no change to the full-year earnings forecast. Interim net income per share, calculated taking into account the stock split (implemented on October 1, 2026), also exceeded the prior forecast.

Impact on Shareholders and Future Outlook

The variance is primarily due to the early completion of large projects in the second half and improved construction efficiency; it does not affect the full-year earnings forecast, and steady progress is expected going forward. Comparison metrics assuming the stock split are presented, and medium-term improvement in profit indicators including dilution effects is expected. Note that this variance disclosure is presented separately from the financial summary (earnings report).