Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Summary of Results

For the nine-month consolidated cumulative period ended December 2025, net sales amounted to 671.26 billion yen (1.6% YoY decrease), operating income was 59.06 billion yen (8.0% YoY decrease), and ordinary income was 60.23 billion yen (7.6% YoY decrease). Net income attributable to owners of parent for the quarter significantly declined to 17.77 billion yen (66.1% YoY decrease) due to impairment losses recorded by the Philippine subsidiary. Segmentally, the cement business saw a decrease in domestic sales volume and an impact from the widespread adoption of the five-day workweek in construction sites; the resources business recorded sales volume declines but achieved revenue and profit growth through price pass-through; the environmental business experienced sluggishness in some operations; while the building materials and civil engineering business was affected by weak sales and rising costs.

Financial Position and Revision of Earnings Forecast

Total assets increased to 1.454752 trillion yen from the previous fiscal year-end, along with an increase in liabilities; however, net assets decreased due to a decline in the foreign currency translation adjustment account. The full-year consolidated earnings forecast was revised downward, with net income attributable to owners of parent cut by 62.2% from the previous forecast of 45 billion yen to 17 billion yen. Forecasts for net sales and operating income remain unchanged. The dividend forecast remains at an annual 100 yen (50 yen interim and 50 yen year-end).