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

Overview of Performance

For the first quarter of the cumulative period, net sales were 15,175 million yen, down about 17.1% from the same period last year, due mainly to a decline in orders and sales, which reduced gross profit and caused relatively changes in selling, general and administrative expenses. By segment, the construction business contributed significantly with sales of 13,604 million yen and operating income of 648 million yen, while other segments such as steel structures, ports, and others showed mixed results in sales and profits. The full-year outlook remains unchanged: net sales 75,000 million yen, operating income 4,000 million yen, ordinary income 4,500 million yen, and net income attributable to owners of the parent 2,750 million yen.

Outlook and Capital Situation

The financial position remains stable with total assets of 78,680 million yen and a shareholders' equity ratio of 66.8%. While cash and deposits increased, attention should be paid to changes in under-construction work in progress and short-term borrowings. There is no revision to the full-year performance forecast, and it is necessary to monitor public investment trends, material costs, and labor shortages. The dividend forecast is expected to remain at the disclosed level.