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

Performance Overview

During the consolidated cumulative third quarter of the fiscal year ending March 2026, net sales amounted to JPY 39,455 million (7.9% YoY increase), operating income was JPY 5,807 million (4.2% YoY increase), ordinary income was JPY 6,639 million (3.8% YoY increase), and net income attributable to owners of the parent was JPY 4,120 million (3.7% YoY increase). In all major profit indicators, both revenue and profit increased, achieving all-time record highs. By segment, the Sales Business grew significantly by 21.7%, and the Operation & Construction Business increased by 1.6%, whereas the Development Business declined slightly by 0.5%. Despite uncertainties in the external environment, including geopolitical risks and currency fluctuations, shifts toward highly profitable businesses and expansion in the Sales Business have driven performance.

Financial Position and Outlook

At the end of the third quarter of the fiscal year ending March 2026, total assets stood at JPY 49,723 million (3.4% decrease from the previous consolidated fiscal year-end), total liabilities were JPY 16,956 million (16.7% decrease), and total net assets increased to JPY 32,767 million (5.3% increase), resulting in an improved equity ratio of 65.1%. The increase in retained earnings and valuation difference on available-for-sale securities contributed to the net asset growth. There is no change to the full-year earnings forecast for the fiscal year ending March 2026, with projections of net sales at JPY 53,500 million (3.6% YoY increase), operating income at JPY 8,300 million (4.5% YoY increase), and net income attributable to owners of the parent at JPY 4,900 million (45.1% YoY increase).