Reference Material for Consolidated Financial Results for the Fiscal Year Ending November 2025

Summary of Performance

In the consolidated financial results for the fiscal year ending November 2025, net sales reached 251,533 million yen (up 4.6% YoY), operating income was 7,381 million yen (up 17.0% YoY), ordinary income was 9,927 million yen, and net income attributable to owners of parent was 5,870 million yen. Net sales showed steady growth, and operating income increased significantly. By segment, Energy & Solutions posted the highest net sales of 120,870 million yen (up 1.1%), with operating income at 4,287 million yen (up 44.6%), performing strongly. Housing and Engineering & Maintenance also achieved both sales and profit growth.

Outlook and Capital Expenditure

For the fiscal year ending November 2026, the business plan forecasts net sales of 260,000 million yen (up 3.4% YoY) and operating income of 7,500 million yen (up 1.6%). However, ordinary income is expected to decline to 8,400 million yen (down 15.4%), and net income attributable to owners of parent to 5,200 million yen (down 11.4%). The impact of derivative profits and losses related to foreign exchange forward contracts is not included. Capital expenditure is planned to increase to 14,658 million yen, and depreciation expense is also expected to rise to 7,509 million yen.