Q1 of Fiscal Year Ending March 2027 Financial Summary (Japanese GAAP) [Consolidated]

Performance Overview

As multiple EPC projects in the energy sector continue, the Golden Pass LNG project has transitioned to a new JV structure, and expansion of the North Field East LNG project is advancing. The first-quarter cumulative period orders were 309.92 billion yen, with revenue of 867.63 billion yen, showing a slight decrease year over year. Operating income, ordinary income, and net income attributable to owners of the parent all declined YoY. The impact of Middle East conditions is considered minimal, while progress on construction and safety/quality management remains an urgent issue.

Financial Position and Outlook

Total assets decreased, with net assets of 66,247 million yen and an equity ratio of 15.2% continuing to decline. Increases/decreases in treasury stock reflect the acquisition and cancellation of A-type preferred stock, and changes to the notes on capital surplus and retirement benefits have influenced the figures. There is no change to the full-year earnings forecast as of the disclosure date. However, changes in accounting estimates have affected certain items in the quarterly settlements.