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

Performance Overview

Consolidated results for the third quarter of the fiscal year ending March 2026 were net sales of ¥27,589 million (down 3.7% YoY), operating income of ¥1,868 million (down 7.6% YoY), ordinary income of ¥3,010 million (down 3.2% YoY), and net income attributable to owners of parent for the quarter of ¥2,741 million (down 11.0% YoY). Although the core business experienced a reactionary decline following large projects in the previous year, steady sales and profit growth in the sewerage-related business maintained a stable earnings base. The precast business also performed steadily, mainly in public-sector projects. A stock split (1 share to 2 shares) was implemented on January 1, 2026, and per-share profit figures are calculated on a post-split basis.

Financial Position and Outlook

Total assets increased by ¥1,066 million from the end of the previous consolidated fiscal year to ¥58,307 million, net assets increased by ¥2,882 million to ¥45,965 million, and the equity ratio improved to 78.0%. Liabilities decreased by ¥1,816 million. There is no revision to the full-year earnings guidance for the fiscal year ending March 2026, with net sales projected at ¥40,000 million (up 7.9% YoY), operating income at ¥2,300 million (up 13.7% YoY), ordinary income at ¥3,400 million (up 11.5% YoY), and net income attributable to owners of parent at ¥3,000 million (down 1.5% YoY). Under the medium-term management plan '23-27 Plan R,' efforts will be made to strengthen competitiveness in the core business and promote growth in the sewerage-related business aiming for sustainable growth.