FY2025 Q3 Earnings Presentation Materials

Performance Overview

In FY2025 Q3, net sales reached ¥306.0 billion (15.4% YoY increase), marking a record high. The gross profit margin rose to 22.8%, operating income was ¥39.095 billion (86.8% YoY increase), ordinary income was ¥41.453 billion (81.0% YoY increase), and quarterly net income was ¥31.255 billion (88.0% YoY increase), achieving significant profit growth. Orders received also hit a record ¥336.757 billion (6.3% YoY increase), driven by strong construction demand, productivity improvements, and initiatives to enhance profitability.

Segment and Regional Trends

On a standalone basis, profit margins improved due to productivity gains and profitability initiatives, with both domestic and overseas subsidiaries increasing sales and profits. Overseas subsidiaries led by Singapore, Thailand, and India achieved net sales of ¥60.371 billion (24.1% YoY increase), with substantial profit growth. By country and region, sales increased mainly in Singapore and Malaysia, while orders were driven by battery and pharmaceutical-related industries in India.

Capital Policy and Shareholder Returns

The dividend forecast for the fiscal year ending March 2026 has been revised upward to an annual dividend of ¥112 per share (previously planned at ¥105). The payout ratio is expected at 40.3%, with shareholder returns fundamentally based on dividends, and plans to continue dividend increases aligned with profit growth. Additionally, a stock split (1 share to 2 shares) was implemented on October 1, 2025, and the dividend setting reflects the increase in the number of shares.