Fiscal Year Ending March 2026 Q3 Financial Results Presentation

Overview of Results

In the fiscal year ending December 2025, order intake reached 85.9 billion yen (YoY +48.4%), and net sales were 64.3 billion yen (YoY +13.3%), resulting in revenue growth. Gross profit was 13.6 billion yen (YoY +34.3%), operating income was 6.5 billion yen (YoY +85.3%), ordinary income was 7.2 billion yen (YoY +76.3%), and quarterly net income attributable to owners of parent was 5.1 billion yen (YoY +65.6%), all showing significant profit increases across the board. Gains of large-scale projects and steady progress of outstanding orders contributed, alongside productivity improvements and profitability enhancement measures that also supported profit growth.

Breakdown and Trends of Order Intake and Net Sales

Order intake increased year-on-year with a well-balanced acquisition of large-scale projects across customers including NTT Group, government agencies, private sector, and others. By building usage, data center/information sectors maintained strong demand, while office and large-scale redevelopment condominium projects also increased. The ratio of new construction to renovation remained nearly even, with a notable increase in large new construction projects. Net sales rose in a balanced manner across customer segments and building types, with strong contributions from large private sector projects progressing.

Revision of Earnings Guidance for Fiscal Year Ending March 2026

Based on steady order intake and progress in outstanding projects, the earnings guidance for the fiscal year ending March 2026 was upwardly revised. Order intake is forecasted at 102.0 billion yen, net sales at 94.3 billion yen, operating income at 9.4 billion yen, and quarterly net income attributable to owners of parent at 7.3 billion yen. Efforts to improve profit margins are yielding results, with expectations exceeding initial forecasts.

Revision of Dividend Forecast

In line with the shareholder return policy, the year-end dividend for the fiscal year ending March 2026 is increased to 80 yen per common share (previous forecast: 50 yen; equivalent to 40 yen after stock split). The annual dividend is planned at 130 yen. The year-end dividend will be formally decided at the annual shareholders meeting scheduled for June 2026.