FY2025 Q3 Financial Results Presentation

Overview of FY2025 Q3 Financial Results

Order intake for FY2025 Q3 was 5,029.1 billion yen (13% YoY increase), driven by a significant rise in the energy sector. Although the aerospace, defense, and space segment saw a decline in large projects compared to the previous year, it maintained a high level. Revenue was 3,326.9 billion yen (9% YoY increase), with growth in the energy, plant & infrastructure, and aerospace, defense & space segments. Operating income increased significantly to 301.2 billion yen (26% YoY increase), led by GTCC, iron and steel machinery, and defense & space segments. Net income attributable to owners of parent was 210.9 billion yen (23% YoY increase), reflecting the rise in operating income. EBITDA stood at 393.1 billion yen (Year-over-Year increase of 68.1 billion yen), and free cash flow strengthened to 167.6 billion yen (Year-over-Year increase of 311.4 billion yen), demonstrating enhanced cash generation capability.

Financial Position and Segment Performance

At the end of FY2025 Q3, total assets amounted to 7,393 billion yen (increase of 734.1 billion yen from the previous year-end), with liabilities and equity increasing by the same amount. Fixed assets decreased by 197.5 billion yen, while current assets increased. Interest-bearing debt was significantly reduced to 573.9 billion yen (a decrease of 428.3 billion yen YoY), improving the debt-to-equity ratio to 0.21 (down 0.20 YoY), reflecting enhanced financial soundness. The equity ratio improved to 35.9% (up 1.7 points YoY). By segment, energy order intake sharply increased to 2,857 billion yen (year-over-year increase of 889.9 billion yen), with strong GTCC performance. Plant & infrastructure, logistics, refrigeration & drive systems, and aerospace, defense & space segments all posted higher revenue and profits. Aerospace, defense & space also saw increased revenue and profit supported by steady construction progress.