Financial Summary for the Third Quarter of Fiscal Year Ending February 2026 [Japanese GAAP] (Consolidated)

Overview of Business Performance

In the cumulative consolidated period for the third quarter of the fiscal year ending February 2026, net sales amounted to 54,474 million yen (8.8% increase YoY), operating income was 11,307 million yen (1.6% increase YoY), ordinary income was 11,570 million yen (0.0% increase YoY), and net income attributable to owners of parent was 7,062 million yen (3.1% decrease YoY), with net sales achieving a record high. Although there were cost increases in raw materials and labor and impacts from overseas conditions, gains in new customers for the industrial waste treatment business and increases in high value-added construction material projects contributed to performance.

Financial Condition and Dividend Status

Total assets decreased to 102,884 million yen compared to the previous fiscal year-end, and net assets also decreased to 82,143 million yen; however, the equity ratio improved to 77.5%. The number of shares outstanding was 48,000,000 shares, down from 51,000,000 shares at the previous fiscal year-end. Dividends of 36 yen were paid at the end of the second quarter, with a forecasted year-end dividend of 40 yen and an annual dividend forecast of 76 yen, representing an increase from the previous fiscal year.

Outlook

The consolidated full-year earnings forecast for the fiscal year ending February 2026 anticipates net sales of 70,000 million yen (4.0% increase YoY), operating income of 15,700 million yen (9.6% increase YoY), ordinary income of 15,800 million yen (6.5% increase YoY), and net income attributable to owners of parent of 9,900 million yen (6.3% increase YoY). Earnings per share are forecasted at 208.73 yen.