December 2025 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Operating Results

For the fiscal year ending December 2025, consolidated results showed net sales of JPY 76,285 million (3.0% Year-over-Year increase), operating income of JPY 4,108 million (6.2% decrease), ordinary income of JPY 4,953 million (6.8% decrease), and net income attributable to owners of parent of JPY 4,331 million (8.0% increase). The disaster prevention and infrastructure segment performed solidly with improved gross profit margin, resulting in segments with increased operating income. However, the environmental & energy and international businesses experienced declines due to weakened demand and deteriorating business conditions. The financial position remains stable with an equity ratio of 71.8%, and operating cash flow significantly improved.

Dividends and Earnings Forecast

The annual dividend for the fiscal year ending December 2025 is forecasted at JPY 110 per share, up from JPY 86 the previous year. The consolidated earnings forecast for fiscal year ending December 2026 anticipates net sales of JPY 75 billion (1.7% Year-over-Year decrease), operating income of JPY 4.2 billion (2.2% increase), ordinary income of JPY 4.8 billion (3.1% decrease), and net income attributable to owners of parent of JPY 3.9 billion (10.0% decrease). While a short-term decline in the offshore wind power field is expected, recovery in the international business is projected to drive an increase in operating income.