Fiscal Year Ending March 2026 Q3 (FY2025 3Q) Financial Summary

Overview of Financial Results

In the cumulative third quarter of the fiscal year ending March 2026, net sales on completed construction contracts amounted to 388.2 billion yen (up 42.1 billion yen year-over-year), and gross profit on completed construction contracts reached 91.1 billion yen (up 58.3 billion yen year-over-year), resulting in a significant improvement of the gross profit margin to 23.5%. Operating income was 77.7 billion yen (up 57.9 billion yen year-over-year), ordinary income was 83.1 billion yen (up 58.1 billion yen year-over-year), and net income attributable to owners of parent was 78.2 billion yen (up 57.3 billion yen year-over-year), achieving substantial profit growth. This reflects the results of a profitability review following the signing of the Golden Pass LNG contract.

Order Trends and Capital Policy

Order intake was 244.4 billion yen, and order backlog amounted to 656.8 billion yen, with progress in EPC orders in the domestic metals and advanced materials sectors, reaching a progress rate of 98% against this fiscal year's order intake target. Regarding capital policy, a decision was made to amend the terms of Class A preferred shares aiming for full redemption of all shares during the current mid-term management plan period. The next mid-term plan aims for a full-scale growth trajectory to achieve growth over the next 10 years. The equity ratio improved significantly to 22.3%.