Asahi Kogyosha Co., Ltd. · TSE:1975
Asahi Kogyosha — FY2026 Earnings Presentation
25 slides from Asahi Kogyosha's earnings presentation, May 14, 2026
Slide 1: Financial results briefing materials for the fiscal year ended March 2026
Financial results briefing materials for the fiscal year ended March 2026 May 14, 2026 TSE Prime Market (Securities Code: 1975) Asahi Kogyosha Writeup of Asahi Kogyosha Financial Results Briefing Website (logmi Finance)
Slide 2: Agenda
Agenda Overview of consolidated financial results for the fiscal 1 P. 3 year ended March 2026 Consolidated performance forecast for the fiscal year 2 P. 13 ending March 2027 3 Returns to shareholders P. 17 4 Appendix P. 21 © ASAHI KOGYOSHA CO.,LTD. 2
Slide 3: 1. Overview of consolidated financial results for the fiscal year ended March 2026
1. Overview of consolidated financial results for the fiscal year ended March 2026 © ASAHI KOGYOSHA CO.,LTD. 3
Slide 4: Overview of consolidated financial results for the fiscal year ended March 2026
Overview of consolidated financial results for the fiscal year ended March 2026 ▎ Orders grew significantly, driven by strong construction demand, primarily from production environment facilities. ▎ Net sales surpassed 100.0 billion yen, supported by steady progress of a substantial work order backl
Slide 5: Trends in quarterly results ①
Trends in quarterly results ① ▎ Orders far surpassed the initial target of 100.0 billion yen. ▎ Net sales grew sharply in the fourth quarter, as in usual years, when completion of construction projects is typically concentrated. ▎ Keeping pace with sales growth, profits at respective stages reached
Slide 6: Trends in quarterly results ②
Trends in quarterly results ② ▎ Net sales grew in stages from the first through the fourth quarter, as project progress accelerated toward the fiscal year-end due to numerous construction projects completed at the end of March, as in usual years. ▎ While gross profit margin typically rises sharply i
Slide 7: Orders, net sales, and operating income by segment
Orders, net sales, and operating income by segment ▎ Installation Work Division: Orders, net sales, and operating income all grew, leading to results significantly higher than in the previous year, by capturing strong demand for capital investment. ▎ Equipment Division: Operating loss was substantia
Slide 8: Actual results by segment: Orders
Actual results by segment: Orders ▎ Overall orders increased significantly from the previous year. ▎ Installation Work Division: Orders increased across all fields by capturing strong demand for capital investment. ▎ Equipment Division: FPD-related orders showed a recovering trend despite an overall
Slide 9: Actual results by segment: Net sales
Actual results by segment: Net sales ▎ Overall sales grew significantly from the previous year. ▎ Installation Work Division: In addition to sales from transportation/communication and health/medical environment facilities, sales from production environment facilities, including data centers, rose b
Slide 10: Carryovers for the subsequent fiscal year
Carryovers for the subsequent fiscal year ▎ Overall carryovers were up 14.5% from the previous fiscal year, securing a substantial construction volume to support business results in the current fiscal year and beyond. ▎ In particular, carryovers grew sharply for production environment facilities due
Slide 11: Balance sheet
Balance sheet ▎ Total assets increased by 19,835 million yen from the end of the previous fiscal year due to growth in accounts receivable (notes receivable, accounts receivable from completed construction contracts and other) and cash and deposits, associated with favorable progress on orders and s
Slide 12: Statement of cash flows
Statement of cash flows ▎ Cash flow from operating activities was positive by 12,732 million yen, due primarily to significant growth in profit before income taxes. ▎ Cash flow from investing activities was negative 5,472 million yen, due primarily to the acquisition of shares associated with a capi
Slide 13: 2. Consolidated performance forecast for the fiscal year ending March 2027
2. Consolidated performance forecast for the fiscal year ending March 2027 © ASAHI KOGYOSHA CO.,LTD. 13
Slide 14: Consolidated performance forecast for the fiscal year ending March 2027
Consolidated performance forecast for the fiscal year ending March 2027 ▎ Given the current state of our construction system, orders are expected to remain largely unchanged from the previous fiscal year. ▎ Net sales are projected to increase, backed by high carryovers. ▎ Profits at respective stage
Slide 15: Outlook by segment
Outlook by segment ▎ Installation Work Division: We plan net sales growth due to steady progress on the work order backlog, though orders are expected to decline slightly, given the current state of our construction system. ▎ Equipment Division: Orders are expected to increase based on continuing re
Slide 16: Long-term performance trends (past 10 years)
Long-term performance trends (past 10 years) ▎ Growth has continued despite changes in the external environment. ▎ In FY 3/2027, we plan to achieve record profits for the fourth year in a row aiming for further growth under the new Medium- term Management Plan. Trends in orders, net sales, and opera
Slide 17: 3. Returns to shareholders
3. Returns to shareholders © ASAHI KOGYOSHA CO.,LTD. 17
Slide 18: Dividend trends and forecasts
Dividend trends and forecasts ▎ Earnings per share is expected to remain broadly flat year on year. ▎ Annual dividend is planned at 144 yen per share, unchanged from the previous year. ▎ Payout ratio will be maintained in the 40% range. FY 3/26 FY 3/27 initial Difference FY 3/24 FY 3/25 Change (%) A
Slide 19: Shareholder return policy
Shareholder return policy During the period covered by new Medium-term Management Plan (FY 3/2027 - FY 3/2029) ▎Setting DOE of 6.0% or higher as a new shareholder return metric, in addition to a consolidated dividend payout ratio of 40% or higher ▎A policy of implementing stable, continuous sharehol
Slide 20: Topic: Publication of Shared Research analysis report
Topic: Publication of Shared Research analysis report ▎New corporate analysis report from Shared Research Inc. scheduled for release in June 2026 We plan to release a new corporate analysis report from Shared Research Inc. on June 17, 2026(tentative). Shared Research prepares its reports by gath
Slide 21: Appendix
Appendix © ASAHI KOGYOSHA CO.,LTD. 21
Slide 22: Business lines
Business lines A rare presence in the industry with its combination of engineering and manufacturing capabilities 5,681 million yen Equipment Division 5.4 % Independent development, design, manufacture, and sale of precision environmental control equipment, dryer systems, and other equipment for sem
Slide 23: Installation Work Division: Business content and domains
Installation Work Division: Business content and domains ▎ The Installation Work Division performs air-conditioning installation and sanitation installation work using air, water, and heat technologies and provides one-stop engineering for customer environment facilities, from planning and proposal
Slide 24: Equipment Division
Equipment Division ▎The Equipment Division develops, manufactures, and sells precision environmental control equipment to leading-edge industries in the fields of manufacturing equipment for semiconductors, FPDs, and electronics. ▎By supplying primarily on an OEM basis, the division has focused on d
Slide 25: Inquiries: Public Relations & Investor Relations Office
This document contains forward-looking statements regarding industry trends and the activities undertaken by Asahi Kogyosha based on current plans, estimates, expectations, and forecasts. Various risks and uncertainties are inherent in these forward-looking statements. Risks, uncertainties and other