Q3 Financial Summary for Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

Performance Overview

For the cumulative consolidated third quarter period of the fiscal year ending March 2026, net sales amounted to JPY 106,449 million (a 3.0% increase YoY), operating income was JPY 11,565 million (a 25.1% increase YoY), ordinary income was JPY 12,185 million (a 25.5% increase YoY), and net income attributable to owners of the parent was JPY 8,265 million (a 19.7% increase YoY). The increase in net sales was driven by growth in private railway construction projects, with profits also on an upward trend. By segment, the civil engineering business posted net sales of JPY 72,550 million (an 11.1% increase YoY) with increased profit, while the building construction business recorded net sales of JPY 27,461 million (a 12.4% decrease YoY) but also increased profits.

Financial Position and Dividend Status

Total assets stood at JPY 180,566 million (a decrease of JPY 548 million since the previous fiscal year-end), net assets were JPY 127,678 million (an increase of JPY 6,900 million since the previous fiscal year-end), and the equity ratio rose to 70.0%. The annual dividend forecast for the fiscal year ending March 2026 is JPY 140 (up from JPY 135 last year), indicating an increase. The full-year earnings forecast expects net sales of JPY 165,000 million (a 3.1% increase YoY), operating income of JPY 16,000 million (a 3.1% increase YoY), and net income attributable to owners of the parent of JPY 12,000 million (a 3.8% increase YoY).