Kondotec Inc. · TSE:7438
Kondotec — FY2026 Earnings Presentation
70 slides from Kondotec's earnings presentation, May 14, 2026
Slide 1: FY2026 Financial Results
Tokyo Stock Exchange (Prime Market) Securities Code : 7438 FY2026 Financial Results May 14, 2026
Slide 2: Contents
Contents 1. Highlights of FY2026 Financial Results P. 3 2. Company Overview P. 7 3. Main Products and Merchandise P. 18 4. FY2026 Financial Results and Analysis P. 24 5. FY2026 Financial Results and Analysis by Segment P. 30 6. FY2027 Financial Forecast P. 40 7. Management Strategies P. 43 8. Shareh
Slide 3: 1. Highlights of FY2026 Financial Results
1. Highlights of FY2026 Financial Results
Slide 4: Summary of FY2026 Consolidated Financial Results
Summary of FY2026 Consolidated Financial Results ⚫ Net sales increased due to capturing demand from relatively growing demand field. ⚫ Operating profit increased due to sales growth and improvement in GPM from increased sales of high-margin products and construction work, which absorbed the higher p
Slide 5: Topics in FY2026 (1)
Topics in FY2026 (1) Completion of Osaka head office reconstruction ⚫ The reconstruction of Osaka head office was completed in November 2025. ⚫ As part of our efforts to strengthen human capital, we aim to enhance employees' engagement by creating a working environment in which employees with divers
Slide 6: Topics in FY2026 (2)
Topics in FY2026 (2) Acquisition of SUZUTOH CO., LTD. in November 2025 RYUKYU BRIDGE LTD. in December 2025 ⚫ KONDOTEC acquired SUZUTOH CO., LTD., a manufacturer and supplier ⚫ KONDOTEC acquired RYUKYU BRIDGE LTD., which is engaged in of site hoardings “Safety steel site hoarding”, which are widely u
Slide 7: 2. Company Overview
2. Company Overview
Slide 8: Performance Trends
Performance Trends Since establishment in 1953, we have not incurred an ordinary loss as a result of efforts to supply products and merchandise to various industries in response to changes of the times and customer needs. 90 80,000 8,000 60 Entered into the scaffolding 70,000 construction business 7
Slide 9: Company Overview
Company Overview Company name KONDOTEC INC. Sanwa Denzai Co., Ltd. KONDOTEC INTERNATIONAL (THAILAND) CO., LTD. CHUOH GIKEN Co., Ltd. Nippon Scaffolding Holdings Co., Ltd. TECBUILD CO., LTD. Group companies TOKAI STEP CO., LTD. FUKOKU, Ltd. KURIYAMA ALUMINUM Co., Ltd. UEDA CONSTRUCTION CO., LTD. SUZU
Slide 10: Company History and Specialized Fields
Company History and Specialized Fields Company history Specialized fields (Comprehensive services based on synergy) January 1953 Established Kondo Shoten Co., Ltd. Under construction January 1989 Changed the company name to KONDOTEC INC. 1. Foundation works/steel frame construction Structural Steel
Slide 11: Sales by Segment (FY2026)
Sales by Segment (FY2026) Industrial Materials Structural Steel Materials Net sales Sales weighting Net sales Sales weighting 39,536 million yen 47 % 21,605 million yen 26 % Customers Hardware stores, Wholesalers, Home improvement centers Customers Steel structure fabricators アンカーボルト Products/ Produ
Slide 12: Distribution Channels
Distribution Channels ⚫ By offering in-house products with added value and sourcing products and merchandise from various suppliers, we have adopted a structure that allows it to meet the diversifying needs of customers. Manufacturer function (in-house production and OEM production) ◆ Suppliers Appr
Slide 13: Segment Overview: Industrial Materials
Segment Overview : Industrial Materials Business The Industrial Materials Segment manufactures, procures, and sells civil engineering and areas construction materials (primarily metal fittings through retail). By selling products and merchandise to a wide range of industries, the segment has built u
Slide 14: Segment Overview: Structural Steel Materials
Segment Overview : Structural Steel Materials Business The Structural Steel Materials Segment manufactures, procures, and sells construction-related areas materials to nationwide steel structure fabricators. High-margin business maintained through supply of high market share products with a high Str
Slide 15: Segment Overview: Electrical Equipment
Segment Overview : Electrical Equipment Business The Electrical Equipment Segment procures and sells electrical equipment to consumer electrical areas appliance stores and electrical construction contractors. The segment generates steady earnings through providing a wide range of merchandise from St
Slide 16: Segment Overview: Scaffolding Construction
Segment Overview : Scaffolding Construction Business The Scaffolding Construction Segment provides scaffolding construction services and procures, areas sells and rents out temporary scaffolding materials to building contractors and medium-sized general contractors Strengths The segment provides a w
Slide 17: Market Size for Main Products and Merchandise
Market Size for Main Products and Merchandise Market size for main products, merchandise and corresponding market shares (FY2025) Market overview and initiatives ◼ Estimated volume of steel frame demand ➢ Market overview JIS certification (1000 tons) The robust demand for large low- Turnbuckle brace
Slide 18: 3. Main Products and Merchandise
3. Main Products and Merchandise
Slide 19: Sales Fields
Sales Fields We supply roughly 50,000 products and merchandise to various industries in response to changes of the times and customer needs. Wind power generation Agriculture and horticulture Railroad and railroad bridge Agriculture and forestry Prefabricated Wooden construction construction Slope C
Slide 20: Turnbuckle Braces
Turnbuckle Braces ⚫ Turnbuckle braces are connected cornerwise to prevent the collapse of buildings exposed to lateral pressure. ⚫ Turnbuckle braces are used as seismic bracing products in prefabricated steel-frame houses and steel constructions such as shopping centers, factories and warehouses. Th
Slide 21: Anchor Bolts
Anchor Bolts ⚫ Anchor bolts are important materials used to connect a building structure to a concrete foundation. Their main purpose is to prevent the building connected to the concrete foundation from tilting and falling over. After construction work アンカーボルト Anchor bolts Anchor frame (Kon-base Eco
Slide 22: Container Bags
Container Bags ⚫ Container bags are used in a wide range of settings such as 1) transportation and storage of feedstuff, fertilizer, plastic pellets, and industrial waste; 2) rubble disposal and decontamination work; and 3) post-disaster reconstruction work (used as large sandbags). 21
Slide 23: Scaffolding Installation
Scaffolding Installation ⚫ Our group provide scaffolding services for various projects – from houses to medium-rise buildings and civil- engineering works such as bridges. Overpass repair Condominium construction 22
Slide 24: 4. FY2026 Financial Results and Analysis
4. FY2026 Financial Results and Analysis
Slide 25: FY2026 Consolidated Financial Results
FY2026 Consolidated Financial Results Vs. FY2025 (million yen) YoY FY2025 FY2026 Amount % Net sales 79,175 83,949 +4,773 +6.0% Gross profit 17,517 18,766 +1,249 +7.1% SG&A expenses 13,051 14,122 +1,070 +8.2% Operating profit 4,465 4,644 +178 +4.0% Ordinary profit 4,679 4,851 +172 +3.7% Profit attrib
Slide 26: Operating Profit Analysis (Consolidated)
Operating Profit Analysis (Consolidated) Operating profit analysis (million yen) Quarterly GPM Consolidated Parent 182 △794 845 △55 23.7% 23.8% 23.3% Impact of acquisition of 23.0% 23.1% several companies as 22.8% 23.0% subsidiaries 4,644 22.7% 4,465 22.6% 22.1% 22.9% 22.3% 22.0% 21.9% 21.8% FY2025
Slide 27: FY2026 Consolidated Financial Results vs. Forecast
FY2026 Consolidated Financial Results Vs. Forecast (million yen) Operating profit analysis (million yen) FY2026 FY2026 Change Forecast Actual Amount % Net sales 85,000 83,949 △1,050 △1.2% △239 677 Gross profit 19,400 18,766 △633 △3.3% △393 SG&A 14,800 14,122 △677 △4.6% 4,644 expenses 4,600 Operating
Slide 28: Consolidated Balance Sheet [Assets]
Consolidated Balance Sheet [Assets] (million yen) FY2025 FY2026 Change Cash and deposits 15,476 15,654 +178 Notes and receivable-trade, 11,578 11,953 +375 and contract assets Current assets Electronically recorded 4,828 5,976 +1,147 monetary claims operating Inventories 8,227 8,728 +501 Other 628 68
Slide 29: Consolidated Balance Sheet [Liabilities and Net Assets]
Consolidated Balance Sheet [Liabilities and Net Assets] (million yen) FY2025 FY2026 Change Notes and accounts payable-trade 4,685 5,503 +818 Electronically recorded obligations-operations 9,648 7,863 △1,785 Current liabilities Breakdown Electronically recorded obligations–operations 10,933 8,697 △2,
Slide 30: 5. FY2026 Financial Results and Analysis by Segment
5. FY2026 Financial Results and Analysis by Segment
Slide 31: FY2026 Financial Results by Segment
FY2026 Financial Results by Segment (million yen) Change Full-year FY2025 FY2026 Progress (%) forecast Net sales 37,328 39,536 +5.9% 40,200 △1.7% Industrial Materials Segment profit or loss 2,454 2,726 +11.1% 2,629 +3.7% EBITDA 2,819 3,147 +11.7% － － Net sales 21,131 21,605 +2.2% 23,270 △7.2% Struct
Slide 32: Industrial Materials
Industrial Materials Net sales and segment profit or loss (million yen) ◼ YoY ◼ Quarterly Net sales Segment profit or loss 10,461 10,198 39,536 YoY 9,822 9,235 9,105 9,441 9,434 9,165 37,328 +5.9% 2,726 YoY 749 729 2,454 611 656 640 590 595 606 +11.1% FY2025 FY2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY2025 FY2
Slide 33: Industrial Materials: Segment Profit Analysis
Industrial Materials Segment profit or loss analysis (million yen) Quarterly GPM 29.0% 30.0% 29.8% 28.9% manufactured 26.7% 26.0% 26.8% in-house Products 17.2% 378 △405 △53 481 △128 30.7% 30.8% Major increase/decrease merchandise 29.6% 29.5% 29.3% factors Imported 28.7% 28.8% Operating profit 2,726
Slide 34: Structural Steel Materials
Structural Steel Materials Net sales and segment profit or loss (million yen) ◼ YoY ◼ Quarterly Net sales 5,760 Segment profit or loss 5,597 5,432 5,418 5,548 21,605 YoY 5,280 5,040 21,131 +2.2% 4,658 1,394 YoY 414 427 394 1,254 342 333 △10.0% 306 209 220 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY2025 FY2026 FY2025
Slide 35: Structural Steel Materials: Segment Profit Analysis
Structural Steel Materials Segment profit or loss analysis (million yen) Quarterly GPM manufactured 27.8% 27.8% 27.7% 26.9% 28.0% 26.4% in-house Products 24.2% 23.0% 43 65 △248 △0 36.5% 36.8% 35.7% merchandise 34.9% Imported 34.3% 34.4% 33.7% 33.7% 1,394 1,254 19.1% merchandise Domestically 18.9% so
Slide 36: Electrical Equipment
Electrical Equipment Net sales and segment profit or loss (million yen) ◼ YoY ◼ Quarterly Net sales Segment profit or loss 3,433 YoY 3,267 12,934 3,164 3,068 11,335 +14.1% 2,845 2,864 2,919 2,706 560 176 YoY 130 413 127 129 126 108 111 +35.5% 62 FY2025 FY2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY2025 FY2025 FY
Slide 37: Electrical Equipment: Segment Profit Analysis
Electrical Equipment Segment profit or loss analysis (million yen) Quarterly GPM and the number of projects 17.3% 17.0% 16.9% △54 16.7% Gross Profit Margin 16.2% 16.2% △100 301 16.1% 15.7% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY2025 FY2025 FY2025 FY2025 FY2026 FY2026 FY2026 FY2026 560 413 38 The number of projec
Slide 38: Scaffolding Construction
Scaffolding Construction Net sales and segment profit or loss (million yen) ◼ YoY ◼ Quarterly Net sales Segment profit or loss 2,788 YoY 2,684 2,627 2,557 9,872 2,414 9,380 +5.2% 2,122 2,145 1,912 209 248 124 123 100 YoY 11 6 132 △46.7% △73 △123 FY2025 FY2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY2025 FY2025 FY
Slide 39: Scaffolding Construction: Segment Profit Analysis
Scaffolding Construction Segment profit or loss analysis (million yen) Sales fluctuations by service type (million yen) FY2025 FY2026 Construction sales 5,190 4,782 64 △118 2,689 2,599 786 833 733 676 △56 389 572 248 △5 Detached Large properties Bridges/ Rental sales Material sales houses/renovation
Slide 40: 6. FY2027 Financial Forecast
6. FY2027 Financial Forecast
Slide 41: FY2027 Consolidated Financial Forecast
FY2027 Consolidated Financial Forecast (million yen) FY2026 FY2027 Change Actual Forecast Amount % Net sales 83,949 91,000 +7,050 +8.4% Gross profit 18,766 20,950 +2,183 +11.6% SG&A expenses 14,122 16,000 +1,877 +13.3% Operating profit 4,644 4,950 +305 +6.6% Ordinary profit 4,851 5,150 +298 +6.2% Pr
Slide 42: FY2027 Financial Forecast by Segment
FY2027 Financial Forecast by Segment (million yen) FY2026 FY2027 Change Actual Forecast Amount % Industrial Materials Net sales 39,536 44,416 +4,879 +12.3% Segment profit or loss 2,726 3,119 +393 +14.4% Structural 21,605 23,371 +1,766 +8.2% Materials Net sales Steel Segment profit or loss 1,254 1,18
Slide 43: 7. Management Strategies
7. Management Strategies
Slide 44: Materiality
Materiality ⚫ In engaging in corporate activities, we recognize that management that takes social sustainability into consideration leads to the sustainable growth. ⚫ We have identified our materiality and link it to sustainable corporate growth by incorporating it in the management strategy. Materi
Slide 45: Towards Achieving Billion Yen Sales Target
Towards Achieving 100 Billion Yen Sales Target ⚫ We target consolidated sales of 100 billion yen in the 2020s by strengthening the earnings capability of existing core businesses and expanding into fields with growth prospects. 100 billion yen Medium-term management M&A strategies plan (FY2027–FY202
Slide 46: Cultivation of New Customers
Organic Growth Cultivation of New Customers ⚫ We achieve a monthly average of one new customer per sales representative. In addition, we exploit a yearly average of 10 dormant customers per sales representative. These activities from the source for 20,000 sales customers. ⚫ We are working to expand
Slide 47: Offer of New Products and Merchandise/Diversifying Sales Methods and Services
Organic Growth Offer of New Products and Merchandise/Diversifying Sales Methods and Services Offer of new products and merchandise Diversifying sales methods and services ⚫ For the purpose of developing new merchandise, joint New ◼ Launch of website, “Tsurikata” for lifting Products and Merchandise
Slide 48: Expansion of Operating Sites
Organic Growth Expansion of Operating Sites ⚫ We strive for expansion of operating sites which maintained a local-community-oriented sales structures in order to respond quickly to customer needs. Recently, we have opened the Hokuriku Office and established Environment & Energy Group in April 2025.
Slide 49: Response to Natural Disasters
Organic Growth Response to Natural Disasters Response to “New stage” published by Response to natural disasters Ministry of Land, Infrastructure, Transport and Tourism ⚫ We have established a structure that allows it to rapidly ⚫ The Ministry of Land, Infrastructure, Transport and Tourism has respon
Slide 50: Increasing Presence in Foreign Markets
Periphery-Strengthening Growth Increasing Presence in Foreign Markets ⚫ Based on our view that increasing presence in foreign markets where growth is expected will contribute to enhancing our earning capability, we established a subsidiary in Thailand in November 2012. We executed a capital increase
Slide 51: M&A Strategy
Toward Accelerating Organic Growth Strategies and Periphery-Strengthening Growth Strategies M&A Strategy (Corporate Acquisitions and Capital/Business Tie-Ups ) ⚫ We view that pursuing corporate acquisitions and capital/business tie-ups is an important strategy to strengthen our business platform. Fo
Slide 52: Acquisition of SUZUTOH CO., LTD. in November 2025
M&A Strategy Latest Acquisition (1) Acquisition of SUZUTOH CO., LTD. in November 2025 ⚫ KONDOTEC acquired SUZUTOH CO., LTD., a manufacturer and supplier of site hoardings “Safety steel site hoarding”, which are widely used across Japan on construction sites, as a subsidiary. SUZUTOH CO., LTD. also s
Slide 53: Acquisition of RYUKYU BRIDGE LTD. in December 2025
M&A Strategy Latest Acquisition (2) Acquisition of RYUKYU BRIDGE LTD. in December 2025 ⚫ KONDOTEC acquired RYUKYU BRIDGE LTD., which is engaged in the development, manufacturing, delivery, and sales of construction materials in house with a robust customer base in Okinawa, as a subsidiary. Overview
Slide 54: Business Activities Paying Attention to the Environment
Business Activities Paying Attention to the Environment Provision of optimal products and merchandise for Initiatives for reducing environmental burdens environment measures ◼ Box wall ◼ Acquisition of ISO14001 This is a cost-effective flood prevention system that can We obtained ISO14001 certificat
Slide 55: Enhancement of human capital
Enhancement of human capital ⚫ We view that developing and securing diverse human resources as the core pillar of our management policy to pursue human capital management. Diversity indicators and targets Support for athletes ⚫ Based on our recognition of the need to ensure diversity, We have been s
Slide 56: Initiatives for Enhancing Employees' Motivation
Initiatives Initiatives for Enhancing Employees’ Motivation ⚫ We have introduced an employee restricted stock program. By issuing shares as an incentive to employees, we encourage employees to boost their motivation and morale toward enhancing performance. ⚫ We target DOE of at least 4.0% and looks
Slide 57: Strengthening of Corporate Governance
Initiatives Strengthening of Corporate Governance ⚫ KONDOTEC recognizes that strengthening and enhancing corporate governance through increasing soundness, transparency and efficiency of management and maximizing corporate value is one of the most important management objectives. KONDOTEC has introd
Slide 58: 8. Shareholder Return
8. Shareholder Return
Slide 59: Dividends and Shareholder Incentive Plan
Dividends and Shareholder Incentive Plan ⚫ We target ROE of 10% or more and DOE of 4.0% or more with the aim of continuing to increase dividends. Transition in dividends Shareholder incentive plan Since initial listing: No decrease in dividends ⚫ Shareholders can redeem reward points for over 4,000
Slide 60: Transition of Stock Price
Transition of Stock Price Transition of stock price (as of April 30, 2026) Ranking among listed companies Stock price (after stock split) Nikkei average stock price Among 4,021 listed companies … KONDOTEC stock price (yen) Nikkei average stock price (yen) 1,800 60,000 Highest stock price 1,743 yen (
Slide 61: 9. Highlights of Results
9. Highlights of Results
Slide 62: Highlights of Consolidated Financial Results
Highlights of Consolidated Financial Results Net sales (million yen) 83,949 million yen Operating profit (million yen) 4,644 million yen 4,950 4,673 4,644 91,000 4,465 4,355 83,949 4,085 79,175 3,907 75,447 76,873 3,516 3,537 3,594 3,441 3,354 66,139 60,599 59,562 57,828 52,811 50,211 50,410 16/3 17
Slide 63: Highlights of Consolidated Financial Results
Highlights of Consolidated Financial Results 40,566 Net assets (million yen) million yen ROE (%) Target 10 % or more 40,566 38,350 35,920 33,285 11.4 32,066 10.9 10% or 10.7 10.7 10.4 more 28,387 29,022 10.0 26,756 9.3 24,745 8.8 22,719 7.7 7.9 21,102 5.4 16/3 17/3 18/3 19/3 20/3 21/3 22/3 23/3 24/3
Slide 64: Highlights of Consolidated Financial Results
Highlights of Consolidated Financial Results 16/3 17/3 18/3 19/3 20/3 21/3 22/3 23/3 24/3 25/3 26/3 27/3 (forecast) Result of Operations (million yen) Net sales 50,211 50,410 52,811 57,828 60,599 59,562 66,139 75,447 76,873 79,175 83,949 91,000 Operating profit 3,441 3,516 3,537 3,907 4,085 3,354 3,
Slide 65: Quarterly Highlights
Quarterly Highlights Consolidated Net sales (million yen) 21,235 21,748 21,563 20,137 20,042 20,170 20,465 19,193 19,080 19,102 18,965 19,134 19,505 19,300 18,762 17,862 16,971 17,036 16,326 14,978 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 22/3 23/3 24/3 25/3 26/3 Operating profit
Slide 66: Quarterly Highlights: Industrial Materials
Quarterly Highlights Industrial Materials Net sales (million yen) 10,198 10,461 10,075 9,822 9,655 9,732 9,237 9,288 9,256 9,234 9,235 9,165 9,441 9,434 8,965 9,105 8,692 8,591 7,826 8,104 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 22/3 23/3 24/3 25/3 26/3 Segment profit or loss (mi
Slide 67: Quarterly Highlights: Structural Steel Materials
Quarterly Highlights Structural Steel Materials Net sales (million yen) 5,760 5,453 5,517 5,548 5,597 5,396 5,280 5,432 5,418 5,244 5,019 5,040 4,847 4,876 4,658 4,328 4,475 4,299 3,954 3,516 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 22/3 23/3 24/3 25/3 26/3 Segment profit or loss
Slide 68: Quarterly Highlights: Electrical Equipment
Quarterly Highlights Electrical Equipment Net sales (million yen) 3,433 3,267 3,164 3,068 2,845 2,864 2,919 2,716 2,706 2,467 2,441 2,478 2,512 2,323 2,370 2,401 2,126 2,226 2,223 1,933 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 22/3 23/3 24/3 25/3 26/3 Segment profit or loss (milli
Slide 69: Quarterly Highlights: Scaffolding Construction
Quarterly Highlights Scaffolding Construction Net sales (million yen) 2,788 2,684 2,627 2,504 2,557 2,414 2,280 2,198 2,205 2,138 2,145 2,070 2,085 2,122 2,001 1,923 1,912 1,795 1,746 1,702 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 22/3 23/3 24/3 25/3 26/3 Segment profit or loss (m
Slide 70: Official SNS accounts and contact
Official SNS accounts KONDTEC opened official Instagram and Facebook accounts. Please follow us to get to know us better and for information and updates on our products and merchandise. Instagram 2-2-1 Sakaigawa, Nishi-ku, Osaka URL：https://www.instagram.com/kondotec_official/ 550-0024 Japan Telepho