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

Overview of Performance

The consolidated performance for the fiscal year ending March 2026 was impacted by sluggish demand in the domestic construction sector, decline in sales volume, soaring prices of steel scrap, and increased procurement costs due to yen depreciation. Net sales were 191.7072 billion yen (6.5% decrease YoY), operating income was 9.813 billion yen (28.1% decrease YoY), ordinary income was 11.089 billion yen (24.0% decrease YoY), and net income attributable to owners of parent was 8.051 billion yen (28.9% decrease YoY). In the steel business segment, net sales declined to 174.308 billion yen, with ordinary income down by 10.289 billion yen. Conversely, the agricultural materials business saw net sales increase to 12.716 billion yen, with ordinary income rising by 275 million yen.

Financial Position and Dividends

Total assets increased by 1.347 billion yen from the previous fiscal year-end, to 255.507 billion yen. Liabilities decreased mainly due to a reduction in long-term borrowings. Net assets increased reflecting the recording of net income and dividend payments, improving the equity ratio from 52.8% to 56.3%. The year-end dividend is planned at 80 yen, making the full-year dividend 180 yen (including an interim dividend of 100 yen). Although achieving the goals of the Mid-term Vision 2025 has become difficult, the earnings forecast for the fiscal year ending March 2027 anticipates net sales of 200 billion yen, operating income of 6.5 billion yen, and net income of 4.3 billion yen.