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

Overview of Performance

For the cumulative third quarter period of the fiscal year ending March 2026, net sales amounted to 131,986 million yen, representing a 5.4% decrease compared to the same period last year; however, operating income increased by 22.6% to 3,227 million yen, and ordinary income rose 37.2% to 3,818 million yen. Meanwhile, net income attributable to owners of parent for the quarter was 2,726 million yen, a 15.4% decrease compared to the prior year. While the domestic economy is on a gradual recovery trend, attention should be paid to U.S. trade policies and rising prices. In the construction industry, private capital investment is continuing a modest recovery, whereas housing construction remains weak. Meanwhile, the public sector maintains a stable order environment.

Financial Position and Outlook

Total assets increased by 58,736 million yen from the previous fiscal year-end to 283,839 million yen, while total liabilities rose by 50,390 million yen to 205,377 million yen. The equity ratio declined to 27.5% from 31.0% in the same period last year. There are no changes to the full-year earnings forecast, with net sales expected at 179,000 million yen (3.3% decrease YoY), operating income at 4,600 million yen (33.0% increase), and net income attributable to owners of parent at 4,400 million yen (28.3% increase). The dividend forecast anticipates an increase to 160.00 yen at the fiscal year-end.