TOA Corporation Financial Summary for the Second Quarter (Interim) of the Fiscal Year Ending March 2027

Overview of Results

Consolidated revenue for the interim period was 160,155 million yen, a decrease of 2.8% year-over-year. By segment, domestic civil engineering and overseas operations maintained solid demand. Operating income was 13,602 million yen, up 22.1% year-over-year; ordinary income was 13,434 million yen, up 21.8%; and net income was 9,198 million yen, up 20.0%. Progress on large-scale port construction projects contributed during the interim period, and order intake remained firm. The financial position at the interim period end showed total assets of 319,603 million yen, a shareholders' equity ratio of 38.9%, and net assets of 125,534 million yen.

Outlook and Dividends

The full-year earnings forecast for the fiscal year ending March 2027 has been revised to revenue of 355,000 million yen, operating income of 24,700 million yen, ordinary income of 24,300 million yen, net income attributable to owners of parent of 16,500 million yen, and earnings per share of 210.01 yen. The interim dividend is 42.5 yen, and the year-end dividend is also expected to be 42.5 yen, resulting in an annual dividend of 85 yen. The financial position is trending toward improvement, and measures to enhance capital efficiency, including consideration of share buybacks, are being examined.