Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Summary of Financial Results

For the cumulative third quarter period of the fiscal year ending March 2026 (April 1, 2025 to December 31, 2025), net sales were JPY 131,422 million (12.9% YoY increase), operating income was JPY 11,332 million (64.4% YoY increase), ordinary income was JPY 11,524 million (61.7% YoY increase), and net income attributable to owners of parent for the quarter was JPY 7,584 million (51.8% YoY increase). The increase in sales was mainly driven by increased orders in the Maintenance and Tank segments, with completed construction value increasing YoY across all segments. The significant rise in operating income is due to the absence of one-off special expenses that were incurred in the previous year.

Financial Position and Dividend Status

Total assets increased to JPY 145,246 million from the previous consolidated fiscal year-end, and net assets also rose to JPY 88,658 million; however, the equity ratio decreased to 60.3% from 73.8% at the end of the previous fiscal year. The number of outstanding shares remained at 54,168,053 shares, and treasury shares decreased to 154,958 shares. The annual dividend is forecasted at JPY 104, representing an increase from the previous fiscal year.

Full-Year Earnings Guidance for Fiscal Year Ending March 2026

The consolidated full-year earnings forecast for the fiscal year ending March 2026 anticipates net sales of JPY 168,000 million (6.8% YoY increase), operating income of JPY 13,800 million (27.1% YoY increase), ordinary income of JPY 14,000 million (26.2% YoY increase), net income attributable to owners of parent of JPY 9,300 million (14.8% YoY increase), and net income per share of 172.27 yen. No revisions have been made to the most recent earnings forecast.