Financial Results for Fiscal Year Ending March 2026

Performance Overview

The consolidated results for the fiscal year ending March 2026 show construction revenue of 493.9 billion yen (YoY +37.0 billion yen), total construction profit of 100.5 billion yen (YoY +58.2 billion yen), operating income of 82.1 billion yen (YoY +57.7 billion yen), ordinary profit of 92.5 billion yen (YoY +60.3 billion yen), and net income of 84.7 billion yen (YoY +57.7 billion yen), representing significant growth. The order backlog reached 298.0 billion yen, exceeding the initial forecast of 250.0 billion yen, supported by profit improvements from the Golden Path LNG project. The yen depreciated from 150 yen to 160 yen.

Financial Position and Outlook

On the balance sheet, current assets increased to 488.9 billion yen (YoY +51.6 billion yen), current liabilities decreased to 370.8 billion yen (YoY -38.8 billion yen), and net assets grew to 115.9 billion yen (YoY +90.4 billion yen), with the equity ratio improving significantly to 22.2% (+17.0pt). For fiscal 2026, earnings forecasts include construction revenue of 340.0 billion yen, total construction profit of 29.5 billion yen, operating income of 10.0 billion yen, ordinary profit of 14.0 billion yen, net income of 12.0 billion yen, and order backlog of 300.0 billion yen. While aiming for growth driven by stabilized Middle Eastern projects and domestic order expansion, the outlook remains cautious given uncertainties.