Financial Results Summary for the Fiscal Year Ending March 2026 [Japanese Accounting Standards] (Consolidated)

Performance Overview

The consolidated performance for the fiscal year ending March 2026 recorded net sales of 115,680 million yen (up 3.7% YoY), operating profit of 8,012 million yen (up 16.9% YoY), ordinary income of 8,790 million yen (up 28.2% YoY), and net income attributable to owners of the parent of 5,853 million yen (up 28.8% YoY). Despite stable demand in public works projects, labor shortages and rising construction costs persisted, but demand remained strong centered on large-scale redevelopment projects in the Tokyo metropolitan area. Additionally, the company recognized gains on sales of investment securities as special income following the consolidation of FUCHI Pte. Ltd. and its two subsidiaries in Singapore. ROE improved to 8.5%, an increase of 1.5 points from the previous year.

Financial Position and Cash Flows

Total assets increased to 122,537 million yen (up 14.4% YoY), and shareholders’ equity grew to 75,683 million yen (up 14.2% YoY), reflecting a strengthened financial base. Cash flows from operating activities amounted to 10,661 million yen, an increase from the previous year, while cash flows from investing activities were negative at 2,069 million yen, and cash flows from financing activities were negative at 1,244 million yen. The balance of cash and cash equivalents at the end of the period rose significantly to 10,492 million yen.

Dividend Situation

The annual dividend for the fiscal year ending March 2026 is set at 69 yen (interim 25 yen, end of period 44 yen), an increase from 54 yen in the previous year. The payout ratio is 39.7%, and the dividend yield on shareholders’ equity is 3.4%. The dividend forecast for the fiscal year ending March 2027 is also 69 yen.

Earnings Forecast for the Fiscal Year Ending March 2027

For the full fiscal year ending March 2027, net sales are projected to be 115 billion yen (a decrease of 0.6% YoY), operating profit is expected to be 8.4 billion yen (up 4.8%), ordinary income to be 8.6 billion yen (down 1.3%), and net income attributable to owners of the parent to be 5.7 billion yen (down 2.6%). Operating profit is forecasted to increase, but net income is expected to decrease, excluding extraordinary gains from non-operating income. The company plans to expand its business areas and reallocate assets toward more profitable products.