Financial Summary for the Third Quarter of the Fiscal Year Ending March 2026 [Japanese GAAP]

Overview of Business Performance

For the third quarter of the fiscal year ending March 2026, consolidated net sales were 23,247 million yen (up 9.1% YoY), operating income was 2,934 million yen (up 40.5% YoY), ordinary income was 3,148 million yen (up 40.0% YoY), and net income attributable to owners of parent was 2,062 million yen (up 43.3% YoY). Improvement in gross profit margin and increased completion value of existing construction projects contributed to the profit growth. Segment-wise, net sales in the Environmental Systems Business amounted to 14,596 million yen (up 11.6% YoY), and the Pipe and Machinery Materials Business was 8,651 million yen (up 5.3% YoY). The Pipe and Machinery Materials Business experienced an operating loss as the increase in cost of sales could not be fully passed on through pricing.

Financial Position and Earnings Guidance

Total assets stood at 37,695 million yen, net assets at 25,030 million yen, and the equity ratio rose to 65.7%. The full-year earnings guidance projects net sales of 33,500 million yen (up 6.6% YoY), operating income of 4,600 million yen (up 14.3% YoY), ordinary income of 4,800 million yen (up 13.7% YoY), and net income attributable to owners of parent of 3,350 million yen (up 16.6% YoY). The annual dividend forecast has been revised to 75 yen, reflecting the post-stock split amount.