Financial Summary for the Fiscal Year Ending November 2025 [Japanese GAAP] (Consolidated)

Overview of Business Performance

Consolidated results for the fiscal year ending November 2025 recorded net sales of 251,533 million yen (up 4.6% YoY), operating income of 7,381 million yen (up 17.0% YoY), ordinary income of 9,927 million yen (up 21.2% YoY), and net income attributable to owners of parent of 5,870 million yen (up 11.8% YoY). Growth was driven by the Energy & Solutions, Engineering & Maintenance, and Housing segments. Meanwhile, the Car Life Support and Animal Healthcare segments posted operating losses. The company newly consolidated Yasue Komuten Co., Ltd., aiming to expand its residential and lifestyle business domains.

Financial Position and Cash Flow Status

Total assets were 218,345 million yen (an increase of 16,064 million yen from the previous fiscal year), liabilities amounted to 124,777 million yen (up 8,115 million yen), and net assets stood at 93,567 million yen (up 7,949 million yen). Cash flow from operating activities increased by 16,160 million yen, cash flow from investing activities decreased by 12,426 million yen, and cash flow from financing activities increased by 1,752 million yen, resulting in cash and cash equivalents of 31,511 million yen.

Outlook and Medium-term Management Plan

For the fiscal year ending November 2026, earnings forecasts anticipate net sales of 260,000 million yen (up 3.4% YoY), operating income of 7,500 million yen (up 1.6% YoY), ordinary income of 8,400 million yen (down 15.4% YoY), and net income attributable to owners of parent of 5,200 million yen (down 11.4% YoY). The 6th Medium-Term Management Plan (fiscal years November 2026 to November 2030) focuses on cross-sector collaboration, linkage, co-creation and transformation to establish the “SALA for Living” and “SALA for Business” business models. Priority strategies include creating new value, improving the profitability of existing businesses, human resource development, and promoting DX, aiming to achieve the 2030 vision.

Dividend Policy

The basic dividend policy is to maintain dividends at least at the previous fiscal year level, targeting a consolidated payout ratio of 40% or higher excluding the impact of derivative gains and losses related to foreign exchange forward contracts. The annual dividend for the fiscal year ending November 2025 is 32 yen (16 yen interim dividend and 16 yen year-end dividend), resulting in an adjusted payout ratio of 45.7%. The dividend for the fiscal year ending November 2026 is planned in accordance with the same policy.