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

Overview of Business Results

For the cumulative consolidated period of the third quarter of the fiscal year ending March 2026, net sales reached 1,429.3 billion yen (7.6% increase YoY), supported by steady progress in large-scale projects in progress which increased completed construction volume. Operating income rose significantly to 74.5 billion yen (108.6% increase YoY), ordinary income to 80.5 billion yen (95.5% increase YoY), and quarterly net income attributable to owners of parent increased to 80.9 billion yen (99.6% increase YoY). The profit growth was driven by an increase in completed construction volume, improved construction profitability, and increased gains from disposals in development projects.

Financial Position and Revision to Earnings Guidance

Total assets at the end of the third quarter increased to 2,574.3 billion yen compared to the previous fiscal year-end, while liabilities rose to 1,663.6 billion yen due to an increase in consolidated interest-bearing debt. Although net assets declined reflecting treasury stock acquisition and additional subsidiary share acquisition, the equity ratio improved to 34.9%. The full-year earnings forecast has been revised upward to net sales of 2,010.0 billion yen (an increase of 100.0 billion yen from prior forecast), operating income of 110.0 billion yen (up 32.0 billion yen), and net income attributable to owners of parent of 110.0 billion yen (up 35.0 billion yen). The annual dividend forecast was also raised to 65 yen (up 21 yen from previous forecast).