Supplementary Materials for Q3 FY March 2026 Financial Results

Overview of Business Performance

In Q3 FY March 2026, consolidated orders received amounted to JPY 169,791 million (YoY +26.4%) and net sales reached JPY 128,158 million (YoY +11.2%). Growth was supported by domestic construction including warehouses, residential and office renovations, accumulation of large-scale civil engineering projects, and favorable sales progress at overseas subsidiary EVERGREEN. Gross profit increased to JPY 15,457 million (YoY +22.8%), with operating income at JPY 7,179 million (+35.0%), ordinary income at JPY 7,048 million (+31.2%), and quarterly net income attributable to owners of parent at JPY 4,867 million (+38.6%), representing substantial profit growth. Selling, general and administrative expenses rose 13.8% YoY due to increased personnel expenses and provisions, but this did not outpace profit growth. The equity ratio improved to 43.3% compared to the same period last year.

Outlook and Dividend

The full-year consolidated earnings forecast was revised upward owing to steady performance in domestic operations and strong results at overseas subsidiary EVERGREEN. Orders received are projected to increase approximately 30.4% from the initial plan of JPY 151,500 million to JPY 197,500 million. Net sales are expected at JPY 174,600 million (+2.5% from initial plan), operating income at JPY 7,550 million (+7.4%), ordinary income at JPY 7,370 million (+8.1%), and net income at JPY 5,000 million (+4.8%), all forecasting profit growth. The dividend forecast was also raised by JPY 2.0 from JPY 41.5 to JPY 43.5, indicating strengthened shareholder returns.