Infroneer Holdings Inc. · TSE:5076
Infroneer — FY2025 Earnings Presentation
17 slides from Infroneer's earnings presentation, May 13, 2026
Slide 1: FY25 Financial Presentation
INFRONEER Holdings FY25 Financial Presentation 【Presentation Materials】 May 13, 2026
Slide 2: Index
INDEX 2 1. FY25 Financial Results Summary / FY26 Business Plan 2. FY25 / FY26 Business Profit 3. Shareholder Returns 4. FY25 Results and FY26 Guidance (by Segment) 5. Regarding the Acquisition of Shares in Swing 6. Regarding the Tender Offer for SUMIKEN MITSUI ROAD 7. Stock Price Trends and IR Initi
Slide 3: FY25 Financial Summary / FY26 Business Plan
1. FY25 Financial Summary / FY26 Business Plan 3 FY25 Full-year Results: Net sales of ¥1,124.9 billion, business profit of ¥84.1 billion, EBITDA of ¥128.7 billion, and profit of ¥76.6 billion. Driven by the integration of Sumitomo Mitsui Construction into the Group and business growth, net sales,
Slide 4: FY25 Business Profit
2. FY25 Business Profit 4 FY25 business profit reached ¥84.1 billion, up from the initial plan of ¥54.5 billion, driven by the management integration of Sumitomo Mitsui Construction, gains on the sale of Toyo Construction shares, and business growth across segments, representing an increase of app
Slide 5: FY26 Business Profit
2. FY26 Business Profit 5 FY25 business profit was ¥84.1 billion; however, after adjusting for business profit from Sumitomo Mitsui Construction in the first half and gains on the sale of Toyo Construction shares, the normalized level is ¥73.8 billion. FY26 plan of ¥80.0 billion represents an in
Slide 6: [Reference] FY25 Financial Results / FY26 Business Plan
[Reference] FY25 Financial Results / FY26 Business Plan 6 （billion yen) FY24 FY25 FY26 Revised Plan Results Results Plan on Feb.10 Net sales 847.5 1,130.0 1,124.9 1,366.0 Gross profit 115.5 (13.6%) 155.4 (13.8%) 164.0 (14.6%) 197.2 (14.4%) SG&A 68.3 (8.1%) 92.6 (8.2%) 94.2 (8.4%) 118.2 (8.7%) Equity
Slide 7: [Reference] Segment Performance Figures YOY
[Reference] Segment Performance Figures 【YOY】 FY24 FY25 （billion yen） FY26 7 ②Revised ①Results ③Results (③-①) (③-②) ④Forecast (④-③) ※ on Feb.10 Net Sales 847.5 1,130.0 1,124.9 277.3 -5.1 1,366.0 241.1 Building Construction 363.4 498.7 497.7 134.3 -1.0 622.4 126.7 Civil Engineering 146.4 265.1 265.0
Slide 8: Shareholder Returns
3. Shareholder Returns 8 At the time of the 3Q financial results, the full-year dividend was planned at ¥92 (¥30 interim, ¥62 year- end) ; however, it has now been increased to a full-year dividend of ¥120 (¥30 interim, ¥90 year-end). EPS came in at ¥295.5, representing an increase of more than
Slide 9: FY25 Results and FY26 Guidance (Building construction)
4. FY25 Results and FY26 Guidance (Building construction) 9 Segments Financial Summary Across the segment as a whole, net sales and profits increased year on year, driven by the integration of Sumitomo Mitsui Construction and business growth. ― MAEDA CORPORATION achieved higher net sales and profits
Slide 10: FY25 Results and FY26 Guidance (Civil Engineering)
4. FY25 Results and FY26 Guidance (Civil Engineering) 10 Segment Financial Summary Across the segment as a whole, net sales and profits increased year on year, driven by the integration of Sumitomo Mitsui Construction and business growth. ― MAEDA CORPORATION recorded higher net sales and profits yea
Slide 11: FY25 Results and FY26 Guidance (Road Civil Engineering)
4. FY25 Results and FY26 Guidance (Road Civil Engineering) 11 Segment Financial Summary • In FY25, despite the implementation of a full two-day weekend system, net sales and profits increased year on year through the thorough management of profit margins at the time of order receipt and appropriate
Slide 12: FY25 Results and FY26 Guidance (Infrastructure Management / Machinery)
4. FY25 Results and FY26 Guidance (Infrastructure Management / Machinery ) 12 Segment Financial Summary • Across the segment as a whole, net sales increased year on year. ― The MAEDA CORPORATION Group recorded higher net sales and profits year on year, driven by the steady progress of the concession
Slide 13: Regarding the Acquisition of Shares of Swing Corporation
5. Regarding the Acquisition of Shares of Swing Corporation 13 INFRONEER will acquire all shares of Swing Corporation on July 1, 2026. Company Overview After Share Acquisition Company name Swing Corporation Establishment April 1977 Masanori Yasuda, President and Representative Chief Executive Office
Slide 14: Regarding the Tender Offer for SUMIKEN MITSUI ROAD
6. Regarding the Tender Offer for SUMIKEN MITSUI ROAD 14 A consolidated subsidiary, Sumitomo Mitsui Construction Co., Ltd., resolved on March 9, 2026 to acquire shares of SUMIKEN MITSUI ROAD through a tender offer conducted in accordance with the Financial Instruments and Exchange Act, and implement
Slide 15: FY25 Stock Price Trends and IR Initiatives
7. FY25 Stock Price Trends and IR Initiatives 15 On February 9, 2026, the stock price reached its highest level since the establishment of INFRONEER, rising to approximately 2.2 times the stock price at the beginning of the fiscal year IR activities were conducted in Asia, Europe, and North Amer
Slide 16: [Reference] Impact on Financial Indicators of Bond-Type Class Shares
[Reference] Impact on Financial Indicators brought by issuance of Bond-Type Class Shares Bond-type class shares are distinguished from common shares and are excluded from the net assets at the time of 16 estimation of PBR. ROE and EPS will be deducted by the preferred dividend, resulting in a de
Slide 17: Disclaimer
【 Disclaimer】 The performance figures stated in this document are based on the numbers from the financial results report etc., rounded to the nearest billion yen. In addition, forward-looking statements such as performance plans are based on judgments made using information available as of the date