For the First Quarter of the Fiscal Year Ending March 2027 Financial Summary (Japanese GAAP) [Consolidated]

Overview (Financial Results)

Nisseki Manufacturing Co., Ltd. reported consolidated results for the first quarter of the fiscal year ending March 2027 with revenue of 10,211 million yen (YoY +8.0%), operating income of 798 million yen (+35.9%), ordinary income of 1,101 million yen (+42.1%), and net income attributable to owners of the parent of 848 million yen (+48.1%). By segment, heat exchangers remained solid, process engineering benefited from large projects, and valves were flat/soft. The financial position remains strong with total assets of 83,072 million yen, net assets of 64,350 million yen, and an equity ratio of 77.2%. An earnings briefing document has been released, and full-year guidance remains unchanged.

Outlook and Shareholder Return

Full-year guidance is unchanged from the outlook published in May 2026. No revision to the dividend outlook has been announced. Under the medium-term plan 'Challenge2028,' the company will continue to win orders that promote energy-saving and labor-saving initiatives. While raw material costs and personnel costs are rising, the company aims to improve profitability through higher value-added across segments and strict cost control.