FYE March 2025 First Quarter Financial Results Summary [Japanese GAAP] (Consolidated)

Overview of Results

For the consolidated cumulative period of this quarter, revenue rose 8.6% year-on-year to 20,497 million yen, operating income increased 62.9% to 1,205 million yen, ordinary income rose 97.7% to 1,534 million yen, and net income attributable to owners of the parent rose 125.2% to 1,082 million yen. Construction: revenue 19,558 million yen, segment income 1,060 million yen, solid performance. Golf course: revenue 8.5 million yen, segment income 0.7 million yen, decline. Hotel: revenue 717 million yen, segment income 135 million yen, increase. Advertising agency: revenue 175 million yen, loss of 50 million yen. Full-year results forecast unchanged from the previous release.

Financial Position and Outlook

At the end of Q1, total assets were 86,020 million yen, net assets 53,682 million yen, and equity ratio rose to 61.8%. Increases in cash and deposits and in marketable securities were factors. Liabilities rose to 32,319 million yen due to increases in construction-in-progress and other items. The full-year consolidated earnings forecast remains unchanged from the May 12, 2023 release.