9M FY2025 Financial Summary for the Third Quarter Ending March 2026

Overview of Performance

For the third quarter of the fiscal year ending March 2026, consolidated results include net sales of 566.8 billion yen (YoY △37.3 billion yen), operating income of 26.7 billion yen (+45.9 billion yen), ordinary income of 42.6 billion yen (+42.5 billion yen), and net income attributable to owners of parent for the quarter of 29.9 billion yen (+33.8 billion yen). Gross profit was 47.6 billion yen, with a significant improvement in profit margin to 8.4%. Large-scale domestic and overseas projects progressed steadily, and the functional material manufacturing business also performed well due to improvements in market conditions.

Segment Trends and Revision of Earnings Forecast

The Comprehensive Engineering segment achieved net sales of 520.7 billion yen and segment profit of 26.1 billion yen, improving profit margin to 5.0% from the previous year. The Functional Materials Manufacturing segment recorded net sales of 42.7 billion yen and profit of 5.7 billion yen, remaining nearly flat. Order intake was 300.8 billion yen, below the previous year, but major large-scale projects are underway. The full-year earnings forecast has been revised to net sales of 740.0 billion yen, operating income of 31.0 billion yen, and net income of 30.0 billion yen, with an expected improvement in profit margins. Dividends are planned at 40 yen per share.