Financial Summary for the Third Quarter of the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

Overview of Business Performance

In the consolidated cumulative third quarter period of the fiscal year ending March 2026, net sales amounted to 40.918 billion yen (24.1% decrease YoY), operating income was 3.387 billion yen (54.5% decrease YoY), ordinary income was 3.666 billion yen (52.2% decrease YoY), and net income attributable to owners of parent for the quarter was 2.423 billion yen (34.7% decrease YoY). In the core bridge business, the order volume for new construction-related projects continued to decline, resulting in a challenging business environment; however, orders related to large-scale renewal and maintenance projects showed an increasing trend. By segment, net sales for Miyaji Engineering were 29.001 billion yen (7.4% decrease YoY) with operating income of 2.886 billion yen (2.5% decrease YoY), and net sales for M.M. Bridge were 11.918 billion yen (47.2% decrease YoY) with operating income of 534 million yen (88.1% decrease YoY).

Financial Position and Outlook

Total assets amounted to 77.587 billion yen, a decrease of 13.010 billion yen from the end of the previous fiscal year; total liabilities were 29.011 billion yen, a decrease of 13.012 billion yen. Net assets remained almost flat at 48.575 billion yen. The equity ratio improved to 53.5%. There is no change to the full-year consolidated performance forecast or dividend forecast, with an annual dividend planned at 97 yen 50 sen. Although a challenging business environment is expected to continue, improvement is anticipated in the medium term due to recovery in orders for large-scale renewal and maintenance projects as well as progress on large-scale projects. Specific details of the next medium-term management plan (fiscal years 2027–2031) will be announced during the current medium-term plan period.