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

Overview of Financial Results

For the cumulative third quarter period of the fiscal year ending March 2026, consolidated net sales amounted to JPY 149,568 million (YoY -2.5%), operating income was JPY 17,562 million (YoY +18.7%), ordinary income was JPY 18,484 million (YoY +14.5%), and net income attributable to owners of parent was JPY 12,281 million (YoY -18.2%). Net sales decreased due to delays in progress in some indoor electrical work, air conditioning piping work, and information and communication work, although distribution line construction and underground transmission and transformation line construction increased. Operating income increased due to thorough cost management, improved construction efficiency, and promotion of cost reductions. Ordinary income also increased alongside operating income growth; however, quarterly net income declined due to a reversal effect from reduced corporate tax following the dissolution of an equity-method affiliated company.

Financial Position and Dividend Status

Total assets increased to JPY 303,267 million from the previous consolidated fiscal year-end, and net assets also rose to JPY 241,640 million. The equity ratio improved to 78.6%. An annual dividend of JPY 130 (JPY 65 at the second quarter-end and JPY 65 at the fiscal year-end) is forecast, representing a dividend increase from JPY 120 in the previous term.

Full-Year Earnings Outlook

The full-year consolidated earnings forecast for the fiscal year ending March 2026 anticipates net sales of JPY 232,000 million (YoY +4.6%), operating income of JPY 24,000 million (YoY +10.6%), ordinary income of JPY 24,800 million (YoY +5.8%), and net income attributable to owners of parent of JPY 16,100 million (YoY -19.1%). Earnings per share are forecast at JPY 297.26. There are no revisions from the most recent earnings forecast.