Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Performance Overview

For the cumulative third quarter of fiscal year ending March 2026, net sales amounted to JPY 412,102 million (up 3.8% YoY), operating income was JPY 17,482 million (up 44.2% YoY), ordinary income was JPY 19,023 million (up 53.4% YoY), and net income attributable to owners of parent was JPY 11,101 million (up 95.1% YoY). Orders received totaled JPY 493.416 billion (up 6.8% YoY), supported by increased civil engineering and waterworks construction in the Environmental & Social Innovation segment, as well as growth in global projects and merchandise sales in the ICT Solutions segment. The substantial rise in operating income was attributable not only to higher sales but also to improved operational efficiency through AI utilization.

Financial Position and Dividends

At the end of the third quarter of fiscal year ending March 2026, total assets stood at JPY 540,050 million, net assets at JPY 271,985 million, and equity ratio at 48.7%. The increase in net assets was due to recording of quarterly net income and treasury stock acquisitions. The forecasted annual dividend for FY2026 is JPY 85 per share (up from JPY 75 in previous year), with an interim dividend of JPY 40 at the end of Q2, undisclosed Q3 dividend, and a planned year-end dividend of JPY 45.

Future Outlook

There are no changes to the consolidated earnings forecast for fiscal year ending March 2026. Net sales are projected at JPY 620,000 million (up 7.2% YoY), operating income at JPY 34,000 million (up 21.5% YoY), ordinary income at JPY 34,000 million (up 23.8% YoY), and net income attributable to owners of parent at JPY 21,000 million (up 22.2% YoY). Earnings per share are expected to be JPY 236.73.