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

Overview of Performance

For the consolidated cumulative third quarter period of the fiscal year ending March 2026, net sales were 581.0 billion yen (12.6% YoY increase), operating income was 44.3 billion yen (200.0% YoY increase), ordinary income was 43.5 billion yen (206.1% YoY increase), and net income attributable to owners of parent for the quarter was 29.0 billion yen (217.3% YoY increase). Progress on large-scale projects and increased orders in the domestic civil engineering, domestic building construction, and overseas construction segments contributed to solid performance.

Overview of Financial Position

Total assets increased to 871.8 billion yen compared to the end of the previous consolidated fiscal year, and net assets also increased to 185.6 billion yen. On the other hand, the equity ratio declined to 21.3% from 26.1% at the end of the same period last year, mainly due to an increase in liabilities.

Dividend Status

The annual dividend forecast for the fiscal year ending March 2026 is 44 yen (an increase from the previous period), with the year-end dividend revised upward to 27 yen from the prior forecast of 17 yen. The consolidated payout ratio is projected at 37.8%.

Full-Year Earnings Guidance for Fiscal Year Ending March 2026

Full-year net sales are forecasted at 759.0 billion yen (4.3% YoY increase), operating income at 50.5 billion yen (132.7% YoY increase), ordinary income at 47.5 billion yen (152.1% YoY increase), and net income attributable to owners of parent at 32.0 billion yen (156.8% YoY increase). Driven by improved profitability of large-scale projects and steady progress of new orders, the company expects to achieve record-high sales and profits.