Notice Regarding Revision of Earnings Guidance for Our Subsidiary (Nankai Tatsumura Construction Co., Ltd.)

Details of the Earnings Guidance Revision

Nankai Tatsumura Construction Co., Ltd. has revised its earnings guidance for the fiscal year ending March 2026, reducing consolidated net sales from the previous forecast of 48,500 million yen to 45,800 million yen, a 5.6% decrease. Conversely, operating income was upwardly revised from 2,230 million yen to 2,840 million yen, a 27.4% increase; ordinary income from 2,240 million yen to 2,850 million yen, a 27.2% increase; and net income attributable to owners of parent from 1,520 million yen to 2,090 million yen, a 37.5% increase. Non-consolidated earnings guidance similarly shows a decrease in net sales but improvement in profitability.

Reasons for Revision and Future Outlook

The decline in net sales is due to selective order intake and decreased planned volume, but improvements in profit from existing projects are expected to result in operating income and other profits exceeding previous guidance. There is no change to the consolidated earnings guidance of NANKAI Co., Ltd. itself, and this revision is limited to the subsidiary’s earnings guidance. Going forward, the company intends to closely monitor market conditions and order status and to disclose earnings trends as appropriate.