Summary of Consolidated Financial Results for the Fiscal Year Ending February 2026

Summary of Financial Results for FY Ending February 2026

Net sales for the fiscal year ending February 2026 slightly increased to 93.22 billion yen (Year-over-Year +1.0%), while operating income declined to 5.28 billion yen (Year-over-Year -17.3%). Net income attributable to owners of parent was also down to 3.45 billion yen (Year-over-Year -11.8%). The main reasons for the decline in operating income were the non-recurring gain of 750 million yen from the previous year's real estate sales, increased shareholder benefit expenses, and higher upfront investment costs. By segment, the construction machinery and real estate businesses recorded decreased earnings, whereas the trading business saw increased profits. On the balance sheet, net assets rose by 1.2 billion yen, and cash flows were positive 12.4 billion yen from operating activities, negative 6.5 billion yen from investing activities, and negative 11.4 billion yen from financing activities.

Earnings Forecast and Shareholder Return Policy for FY Ending February 2027

For the fiscal year ending February 2027, net sales are forecasted at 100.0 billion yen (Year-over-Year +7.3%), and operating income is expected to increase to 5.8 billion yen (Year-over-Year +9.8%). Growth is anticipated mainly in the construction machinery rental business, where the effects of upfront investments and initiatives under the medium-term management plan are beginning to materialize. Regarding shareholder returns, as the first year of the '2028 Medium-Term Management Plan,' a dividend per share of 100 yen is planned, resulting in a high payout ratio of 143.3%.