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

Overview of Performance

The consolidated results for the fiscal year ending February 2026 recorded net sales of JPY 140.616 billion (up 10.8% YoY), operating income of JPY 16.246 billion (up 23.3% YoY), ordinary income of JPY 18.291 billion (up 29.2% YoY), and net income attributable to owners of parent of JPY 16.735 billion (up 46.1% YoY), marking record highs for three consecutive years in sales and profits. Net sales and operating profit margin achieved the growth targets for the fiscal year ending February 2031 of consolidated net sales of JPY 120 billion and operating profit margin of 10% for two consecutive years. ROE improved to 20.7%. The exchange rates applied were JPY 150 to USD and JPY 169 to EUR, with limited impact from currency fluctuations.

Segment Performance and Future Outlook

The Marine Business performed well with net sales of JPY 121.147 billion (up 11.5% YoY) and segment profit of JPY 16.763 billion (up 25.7% YoY), driven by high levels of shipyard work for alternative fuel vessels for merchant ships. The Industrial Business posted net sales of JPY 15.821 billion (up 11.3% YoY) and segment profit of JPY 782 million (up 57.8% YoY). However, the Wireless LAN and Handy Terminal Business declined with net sales of JPY 3.305 billion (down 10.5% YoY) and segment profit of JPY 132 million (down 33.2% YoY). For the fiscal year ending February 2027, consolidated net sales are forecast at JPY 148.5 billion (up 5.6% YoY), operating income at JPY 17.0 billion (up 4.6% YoY), and net income attributable to owners of parent at JPY 13.0 billion (down 22.3% YoY).