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

Performance Overview

In the cumulative consolidated third quarter period of the fiscal year ending March 2026, net sales amounted to 1,443.571 billion yen (6.0% increase YoY), operating income was 106.587 billion yen (3.7% increase YoY), and ordinary income was 109.216 billion yen (0.4% increase YoY). Meanwhile, net income attributable to owners of parent was 76.196 billion yen, representing a 0.9% decrease YoY. The construction business saw a 0.7% decline in completed orders YoY and a 15.1% decline in operating income; however, the real estate leasing business performed steadily with net sales of 894.543 billion yen (3.1% increase YoY) and operating income of 67.312 billion yen (7.9% increase YoY). The real estate development business, influenced by the consolidation of a subsidiary, recorded significant growth with net sales of 87.787 billion yen (159.5% increase YoY) and operating income of 9.514 billion yen (160.6% increase YoY).

Financial Position and Future Outlook

At the end of the third quarter of the fiscal year ending March 2026, total assets stood at 1,298.332 billion yen (an increase of 76.340 billion yen from the previous fiscal year-end), and net assets were 491.841 billion yen (an increase of 24.475 billion yen from the previous fiscal year-end), with an equity ratio of 38.1% (a 0.3 point decrease from the previous fiscal year-end). The full-year consolidated earnings forecast for the fiscal year ending March 2026 was revised to project net sales of 1.98 trillion yen (0.5% increase from previous forecast), operating income of 135 billion yen (8.0% increase), and net income attributable to owners of parent of 95 billion yen (5.6% increase), reflecting expectations for higher revenues and profits. The dividend forecast was also revised, with the year-end dividend set at 74.60 yen considering the stock split.