Fiscal Year Ending February 2026 Q3 Earnings Release [Japanese Standards] (Consolidated)

Overview of Financial Performance

For the cumulative period of the third quarter of the fiscal year ending February 2026 (March 1, 2025 – November 30, 2025), net sales were ¥69,027 million (up 0.1% year-on-year), operating income was ¥4,315 million (down 20.6% year-on-year), ordinary income was ¥4,466 million (down 19.4% year-on-year), and quarterly net income attributable to owners of the parent was ¥2,816 million (down 17.5% year-on-year). The construction machinery business experienced strong sales and continued high-level investment in asset machinery, while additional provision charges and personnel investment weighed on profits. The trading business saw increased revenue and profit due to effects of new models and capturing demand in new markets. The real estate business saw a decline in profit despite steady occupancy rates, due to reduced gains from the sale of income-producing properties.

Financial Position and Dividend Status

Total assets amounted to ¥144,363 million (decreased from the previous consolidated fiscal year-end), and net assets decreased by ¥10,077 million to ¥10,077 million. The forecast dividend of ¥100 per share to be paid in a lump sum at year-end is maintained. The number of outstanding shares is 52,021,297, with 2,488,804 treasury shares. Full-year performance forecast for fiscal year ending February 2026 projects net sales of ¥100 billion (up 8.3% year-on-year), operating income of ¥6 billion (down 6.1% year-on-year), and net income attributable to owners of the parent of ¥3,650 million (down 6.7% year-on-year).