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

Overview of Business Performance

For the fiscal year ending March 2026, consolidated results saw an increase in sales driven by growth in the rolling stock and engineering businesses, with net sales reaching 99,971 million yen (up 3.8% YoY). Operating income was 11,615 million yen (up 67.5% YoY), ordinary income was 11,986 million yen (up 64.2% YoY), and net income attributable to owners of parent was 11,661 million yen (up 81.8% YoY), marking a significant profit increase. By segment, the rolling stock business performed strongly at 48,556 million yen (up 8.5% YoY), construction machinery business was 22,040 million yen (down 3.4% YoY), transportation equipment and steel structure business was 21,846 million yen (down 1.5% YoY), and the engineering business was 7,452 million yen (up 13.8% YoY).

Financial Position and Dividend Status

Total assets amounted to 152,564 million yen (an increase of 21,399 million yen YoY), total liabilities were 70,316 million yen (an increase of 3,800 million yen YoY), and net assets increased by 17,599 million yen to 82,248 million yen, resulting in an equity ratio of 53.9%. Cash flows increased by 8,002 million yen from operating activities, decreased by 1,210 million yen from investing activities, and decreased by 4,608 million yen from financing activities. The dividend was increased to 45 yen annually (up from 35 yen the prior year), with a planned annual dividend of 50 yen for the fiscal year ending March 2027.

Earnings Forecast for Fiscal Year Ending March 2027

The consolidated earnings forecast for the fiscal year ending March 2027 anticipates net sales of 107,000 million yen (up 7.0% YoY), operating income of 8,800 million yen (down 24.2% YoY), ordinary income of 9,300 million yen (down 22.4% YoY), and net income attributable to owners of parent of 7,500 million yen (down 35.7% YoY). While sales growth is expected, profits are projected to decline due to risks associated with heightened tensions in the Middle East.