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

Performance Overview

For the third quarter of the fiscal year ending March 2026, consolidated performance recorded net sales of JPY 27,589 million (down 3.7% YoY), operating income of JPY 1,868 million (down 7.6% YoY), ordinary income of JPY 3,010 million (down 3.2% YoY), and quarterly net income attributable to owners of parent of JPY 2,741 million (down 11.0% YoY). Although the foundational business experienced a reactionary decline following a large-scale project in the same period last year, increased sales and profits in the sewerage-related business maintained portfolio stability. The precast concrete business also performed steadily, mainly in public sector projects.

Segment Performance and Future Outlook

The foundational business saw sales decrease by 11.1% YoY and operating income fell by 25.0%, but progress on Osaka IR-related projects is steady. The sewerage-related business showed strong results with sales up 9.9% and operating income up 18.7%, supported by rising demand for aging pipe countermeasures and the NETIS registration of new technology 'e-CON'. The solar power generation and real estate business also achieved increased sales and profits. Additionally, the resolution to make Manac Corporation a subsidiary was passed to strengthen regional business foundations in the Chubu region. There are no changes to the full-year earnings forecast.