Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Performance Overview

For the consolidated nine-month period ended March 2026, net sales were 39,189 million yen, a 6.2% decrease compared to the same period of the previous year. Operating income was 5,260 million yen (10.5% decrease YoY), ordinary income was 5,502 million yen (7.7% decrease YoY), and net income attributable to owners of parent was 3,616 million yen (5.5% decrease YoY). The main reason for the decrease in net sales was the recording of emergency temporary housing construction and disaster area reconstruction work due to the Noto Peninsula earthquake in the previous fiscal year. While the economic environment shows a decline in energy prices and easing inflation, concerns remain regarding labor market tightness, rising interest rates, and international frictions. In the construction industry, issues such as rising material costs and labor shortages causing construction delays are prevalent.

Financial Position and Outlook

At the end of the third quarter of fiscal 2026, total assets were 67,925 million yen, an increase of 2,594 million yen from the end of the previous period, and total liabilities were 17,440 million yen, increasing by 906 million yen. Net assets grew by 1,687 million yen to 50,484 million yen, with an equity ratio of 74.3%, maintaining a sound financial condition. There is no revision to the consolidated earnings forecast for the fiscal year ending March 2026, with net sales expected at 55,500 million yen (1.1% decrease YoY), operating income of 7,800 million yen (2.8% decrease YoY), and net income attributable to owners of parent at 5,300 million yen (3.7% decrease YoY). The dividend forecast remains unchanged at an annual 85 yen.