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

Summary of Results

For the cumulative consolidated third quarter period of the fiscal year ending March 2026, net sales increased 24.2% YoY to ¥75,060 million, operating income increased 41.9% YoY to ¥4,080 million, ordinary income increased 33.9% YoY to ¥3,918 million, and net income attributable to owners of the parent for the quarter increased 21.7% YoY to ¥2,601 million. The construction segment recorded net sales of ¥73.7 billion (up 24.0% YoY) and operating income of ¥5.5 billion (up 29.0% YoY) due to progress on large-scale projects. The real estate segment reported net sales of ¥307 million (down 1.6% YoY) and operating income of ¥197 million (up 12.7% YoY).

Financial Position and Outlook

Total assets stood at ¥109.588 billion, up ¥17.6 billion from the end of the previous consolidated fiscal year, while net assets increased by ¥1.6 billion to ¥51.534 billion. Conversely, the equity ratio declined to 45.6% from 52.6% the prior year. The full-year earnings guidance for the fiscal year ending March 2026 anticipates net sales of ¥100.6 billion, ordinary income of ¥5.5 billion, and net income attributable to owners of the parent of ¥3.7 billion. A board resolution regarding a tender offer and capital and business alliance agreement has also been announced; however, there is no intention to delist.