Fiscal Year 2025 Q3 Financial Presentation Materials

Overview of Financial Results

In the consolidated results for the third quarter of fiscal year 2025, net sales decreased by 10,609 million yen year-over-year to 671,264 million yen, and operating income declined by 5,137 million yen to 59,066 million yen. Ordinary income stood at 60,233 million yen, and net income attributable to owners of parent significantly decreased to 17,774 million yen year-over-year. Key factors included increased operating income from domestic cement price hikes and cost improvements, offset by reduced revenue and earnings at overseas subsidiaries and a 24.4 billion yen impairment loss recorded at the Philippine subsidiary.

Segment Performance and Environmental Factors

The domestic cement business saw an increase in operating income due to price increases and cost improvements despite a decline in sales volume. Overseas subsidiaries experienced reduced earnings, affected by decreased demand in the U.S. and efforts toward price hikes and cost reductions. The Asia-Pacific region posted a decline primarily due to the impairment loss in the Philippines. Environmental business and building materials & construction civil engineering businesses showed mixed sales fluctuations, with corresponding increases and decreases in operating income. The exchange rate was 148.1 yen/USD, trending stronger against the yen compared to the previous year.