Financial Summary for the First Quarter of the Fiscal Year Ending March 2027 (Japanese Generally Accepted Accounting Principles, Consolidated)

Overview of Results

Our group strengthened the integration of operations and technology, promoting expanded sales of core and new products. As a result, for the first quarter of the fiscal year ending March 2027, net sales reached 2,739.9 million yen, operating income 115.1 million yen, ordinary income 151.2 million yen, and net income attributable to owners of the parent 63.5 million yen, representing a substantial year-over-year increase. In terms of segments, contributions came from refractory, engineering, environment, and real estate, while coating circulation equipment slowed. Progress on new and large projects supported profitability. Financial position shows total assets of 12,103 million yen, equity ratio of 50.9%, and an increase in cash and deposits improving liquidity.

Outlook and Notes

Full-year earnings guidance remains as announced on May 14, 2026, with no interim revisions to quarterly outlook at this time. External and internal economic trends, production trends of major customers in the automotive sector, and steel-related demand and wage trends could impact future results, and timely disclosures will be made as needed. The equity ratio is maintained in the 50% range, but liquidity needs attention due to increases in short-term borrowings.