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

Overview of Performance

For the cumulative consolidated period of the third quarter of the fiscal year ending April 2026, net sales amounted to 282.75 billion yen (4.3% YoY increase). Operating income was 16.196 billion yen (2.8% YoY decrease), and ordinary income was 16.505 billion yen (2.9% YoY decrease). However, net income attributable to owners of parent for the quarter was 11.968 billion yen (4.5% YoY increase). In the construction business, net sales increased due to higher order volumes, and although the gross profit margin on completed construction decreased, the gross profit amount rose due to an increase in completed construction volume. The real estate rental business saw an increase in net sales from the prior year period, thanks to an increase in managed properties and maintaining high occupancy rates. Other businesses experienced a slight decrease in net sales and recorded an operating loss.

Overview of Financial Position

Total assets were 229.429 billion yen (slight increase from the end of the previous fiscal year), net assets were 141.296 billion yen (5.6% increase from the end of the previous fiscal year), and the equity ratio rose to 61.6%. Current assets were 150.596 billion yen (0.1% increase from the end of the previous fiscal year), and current liabilities were 60.947 billion yen (8.4% decrease from the end of the previous fiscal year). The increase in net assets was due to a rise in retained earnings.

Dividend Situation

The annual dividend forecast for the fiscal year ending April 2026 is 360 yen, an increase from 330 yen in the previous fiscal year. No interim dividend is planned, with payment scheduled for the year-end dividend. There have been no recent revisions to the dividend forecast.

Full-Year Earnings Forecast for Fiscal Year Ending April 2026

The consolidated earnings forecast for the fiscal year ending April 2026 anticipates net sales of 386.879 billion yen (5.5% YoY increase), operating income of 21.133 billion yen (5.1% YoY decrease), ordinary income of 21.612 billion yen (5.0% YoY decrease), and net income attributable to owners of parent of 14.664 billion yen (7.1% YoY decrease). Earnings per share are forecasted at 1,090.80 yen. There have been no revisions made to the recent earnings forecast.