Fiscal Year Ending March 2026 3rd Quarter Financial Summary [Japanese GAAP] (Consolidated)

Overview of Business Results

During the cumulative third quarter period of the fiscal year ending March 2026, net sales amounted to 86,120 million yen (4.5% Year-over-Year increase), operating income was 6,314 million yen (33.6% increase YoY), ordinary income reached 6,825 million yen (41.9% increase YoY), and net income attributable to owners of parent for the quarter was 4,541 million yen (43.5% increase YoY). The main driver of profit growth was the favorable progress in the Heavy Scaffolding Business and successful efforts to improve profitability. The Construction Machinery Business also achieved higher revenue and profits due to profit improvements through asset restructuring.

Overview of Financial Position

Total assets increased to 118,759 million yen (10.9% rise from the end of the previous fiscal year), mainly due to increased cash and deposits and inventories following the consolidation of FUCHI Co., Ltd. as a subsidiary. Net assets also rose to 72,792 million yen (9.8% increase). However, the equity ratio declined from 61.9% to 57.7% as the increase in liabilities exceeded the increase in net assets.

Dividend Status

The annual dividend forecast for the fiscal year ending March 2026 is 65 yen (including a year-end dividend of 40 yen), representing an increase from the previous year’s 54 yen. The recent dividend forecast has been revised upward.

Revision of Full-Year Earnings Guidance

The full-year consolidated earnings forecast for the fiscal year ending March 2026 has been upwardly revised to net sales of 113 billion yen (2.7% increase compared to the previous forecast), operating income of 7.8 billion yen (13.9% increase), ordinary income of 8.3 billion yen (22.2% increase), and net income attributable to owners of parent of 5.5 billion yen (21.1% increase). The main factor for the upward revision is the increase in sales and profits in the Heavy Scaffolding Business.