Infroneer Holdings Inc. · TSE:5076

Infroneer — Q1 FY2026 Earnings Presentation

55 slides from Infroneer's earnings presentation, Aug 7, 2026

  1. Slide 1: FY26 1st Quarter Financial Presentation

    INFRONEER Holdings FY26 1st Quarter Financial Presentation August 7, 2026

  2. Slide 2: FY26 Financial Results Supplementary Material INDEX

    FY26 Financial Results Supplementary Material INDEX 1 1. Management Environment Recognition = Appendix = Segments Highlights* 2. Financial Summary 1. Building Construction 3. Capital Strategies & Return Policy 2. Civil Engineering / FY26 1Q Results and FY26 Forecast 3. Infrastructure Management 4. P

  3. Slide 3: Management Environment Recognition

    1. Management Environment Recognition  Our recognitions and approaches to the market environment, order environment, and material prices, etc. 2 Market Our Segments Our Recognitions Our Approaches Conditions Conditions While floor area starts nationwide have continued to decline, construction unit

  4. Slide 4: Financial Summary

    2. Financial Summary 3 Segments Financial Summary • For the segment as a whole, net sales and profit increased YoY due to the integration of Sumitomo Mitsui Construction and the business growth of both companies. The segment is expected to achieve its full-year plan, and orders received are also acc

  5. Slide 5: Financial Summary

    2. Financial Summary 4 Segments Financial Summary • For the segment as a whole, net sales and profit decreased YoY. However, for the full fiscal year, net sales and profit are expected to increase due to the consolidation of Swing. ― The MAEDA CORP. Group's operating profit from SPCs currently in op

  6. Slide 6: Capital Strategy & Shareholder Return Policy / FY26 1Q Results and Full-Year Outlook

    3. Capital Strategy & Shareholder Return Policy / FY26 1Q Results and Full-Year Outlook 5 Medium-term Vision 2027 FY25 Results FY26 Forecast Notes Work to improve profit Capital margins toward achieving ROE 12.0％ 16.0％ 11.1％ Efficiency the targets of the Medium- term Vision. Optical Equity 30％or 32.

  7. Slide 7: Performance Figures for INFRONEER Holdings

    4-1. Performance Figures for INFRONEER Holdings 6 Business Profits Profits （billion yen） IFRS Business Profits 1Q Business Profit Business Profit Margin （billion yen） Profits 1Q Profits Profits Margin 100.0 100.0 84.1 86.7 76.6 85.5 80.0 80.0 6.8% 5.9% 60.0 7.5% 51.5 48.5 6.0% 60.0 46.4 33.5 32.5 40

  8. Slide 8: Performance Figures for INFRONEER Holdings

    4-2. Performance Figures for INFRONEER Holdings  FY26 1Q results recorded higher net sales and profit YoY, achieving the highest levels since the establishment of 7 INFRONEER Holdings in terms of Net sales, Business profit, EBITDA, and Net income.  For the full year of FY26, Net sales, Business pr

  9. Slide 9: Segment Performance Figures

    5. Segment Performance Figures 8 （billion yen） ※ FY25 FY26 FY25 FY26 YoY YoY Progress Full year 1Q Results 1Q Results Forecast② ②ー① Results① Net sales 191.6 308.4 116.7 21.3% 1,124.9 1,445.0 320.1 Building Construction 82.2 137.5 55.3 22.0% 497.7 624.4 126.7 ※ Civil Engineering 32.4 85.1 52.7 23.3%

  10. Slide 10: Major factors for Changes in the Consolidated Balance Sheet

    6. Major factors for Changes in the Consolidated Balance Sheet 9 Assets Liabilities and Equity （Billion yen） （Billion yen） 2,023.1 +18.0 2,041.1 (1,931.0)※1 (+19.6) (1,950.6)※1 +18.0 2,041.1 2,023.1 Major Factors Major Factors Liabilities with ※2 interest 569.6 Repayment of borrowings 958.1 573.3 ▲3

  11. Slide 11: Trends in Stock Price

    7. Trends in Stock Price (As of August 6,2026) 10  Achieved a record high Stock price since the establishment of the Holdings on July 15, 2026. Promote management with a strong focus on capital efficiency through the implementation of the capital strategy set forth in the INFRONEER Medium-term Vis

  12. Slide 12: Impact on Financial Indicators brought by issuance of Bond-Type Class Shares

    8. 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 11 estimation of PBR.  ROE and EPS will be deducted by the preferred dividend, resulting in a decrease in

  13. Slide 13: Appendix

    Maeda Corp Sumitomo Mitsui Construction Building Construction Maeda Corp Sumitomo Mitsui Construction Civil Engineering Maeda Corp Group Japan Wind Development Swing Infrastructure Appendix Management MAEDA ROAD Road Civil Engineering MAEDA SEISAKUSHO Machinery

  14. Slide 14: Segment Highlights

    Maeda Corp Sumitomo Mitsui Construction Building Construction Maeda Corp Sumitomo Mitsui Construction Civil Engineering Maeda Corp Group Japan Wind Development Swing Infrastructure Segment Highlights Management MAEDA ROAD Road Civil Engineering MAEDA SEISAKUSHO Machinery

  15. Slide 15: Building Construction: Trends in Net Sales, Gross Profit, and Operating Profit

    Building construction segment (Real estate included) 1-1. Trends in Net Sales, Gross Profit, and Operating Profit 14 Building Construction  FY26 1Q Results : Higher Net sales and profits YoY due to the completion of several high-margin projects.  FY26 Full-Year : Full-year Gross profit forecast re

  16. Slide 16: Building Construction: Orders Received and Profit Margin

    Building construction segment (Real estate included) 1-2. Trends in Orders Received and Profit Margin of Orders Received 15  FY26 1Q : Orders received and profit margin of orders received both increased YoY, supported by orders for large-scale public sector projects, with full- Building Constructio

  17. Slide 17: Building Construction: Transitions of Backlog

    Building construction segment (Real estate included) 1-3. Transitions of Backlog 16  MAEDA CORP. maintained a high level of both orders received and profit margin of orders received in the building Building Construction construction business. Backlogs at the beginning of the fiscal year are expecte

  18. Slide 18: Maeda Corp: Trends in order ratios by building use

    Maeda Corp. Building construction segment (Domestic, Real estate included） 1-4. Trends in order ratios by building use. 17 Building Construction  The proportion of offices and condominium projects is expected to increase, driven by orders for large-scale data centers and urban redevelopment project

  19. Slide 19: Sumitomo Mitsui Construction: Trends in order ratios by building use

    Sumitomo Mitsui Construction Building construction segment (Domestic, Real estate included） 1-5. Trends in order ratios by building use. 18 Building Construction  Large-scale project orders are expected, primarily in the healthcare and welfare facilities, condominium, and commercial facilities sect

  20. Slide 20: Segment Highlights

    Maeda Corp Sumitomo Mitsui Construction Building Construction Maeda Corp Sumitomo Mitsui Construction Civil Engineering Maeda Corp Group Japan Wind Development Swing Infrastructure Segment Highlights Management MAEDA ROAD Road Civil Engineering MAEDA SEISAKUSHO Machinery

  21. Slide 21: Civil Engineering: Trends in Net Sales, Gross Profit, and Operating Profit

    Civil engineering segment 2-1. Trends in Net Sales, Gross Profit, and Operating Profit 20  FY26 1Q : Due to the steady progress of projects on hand at the beginning of the fiscal year and projects awarded during the period, as well as increased profit from Building Construction projects completed d

  22. Slide 22: Civil Engineering: Orders Received and Profit Margin

    Civil engineering segment 2-2. Trends in Orders Received and Profit Margin of Orders Received 21  FY26 1Q Supported by orders for large-scale public-sector projects, orders received increased significantly YoY, while the profit margin of orders received Building Construction remained at a high leve

  23. Slide 23: Civil Engineering: Transitions of Backlog

    Civil engineering segment 2-3. Transitions of Backlog 22  MAEDA CORP.'s orders received and backlogs are expected to remain at a high level. Building Construction  Sumitomo Mitsui Construction's orders received increased YoY, and the profit margin of orders received remains at a high level. Backlo

  24. Slide 24: Segment Highlights

    Maeda Corp Sumitomo Mitsui Construction Building Construction Maeda Corp Sumitomo Mitsui Construction Civil Engineering Maeda Corp Group Japan Wind Development Swing Infrastructure Segment Highlights Management MAEDA ROAD Road Civil Engineering MAEDA SEISAKUSHO Machinery

  25. Slide 25: Infrastructure Management: Net Sales, Gross Profit, and EBITDA

    Maeda Corp. Group Infrastructure management segment 3-1-1. Trends in Net Sales, Gross Profit, and EBITDA 24  FY26 1Q : Due to the absence of one-time gains recorded in the previous fiscal year, net sales and profit decreased YoY. Building Construction  FY26 Full-Year : With the steady progress of

  26. Slide 26: Infrastructure Management: Full-Year Profit Contribution

    Maeda Corp. Group Infrastructure management segment 3-1-2. Full-Year Profit Contribution 25  FY26 1Q : Operating profit from SPCs for the IG Arena and Aichi Sky Expo, both launched in the previous fiscal year, progressed steadily in Building Construction line with the plan.  FY26 Full-Year : Contr

  27. Slide 27: Performance figures for major group companies

    Maeda Corp. Group Infrastructure management segment 3-1-3. Performance figures for major group companies (Infrastructure Management) 26 （million yen） Building Construction Consolidated Miotsukushi Industrial Water Miura Sewerage Concession Co., Ltd. Aichi Road Concession Co., Ltd. ※1 subsidiaries Co

  28. Slide 28: Major Infrastructure Management Projects in Japan

    Maeda Corp. Group Infrastructure management segment 3-1-4. Major Infrastructure Management Projects in Japan 27  Proven track record in various infrastructure services. Building Construction  Utilize our extensive operational know-how backed by our track record to acquire future projects Concessio

  29. Slide 29: JWD: Trends in Net Sales, Gross Profit, and EBITDA

    JWD Consolidated Infrastructure management segment 3-2-1. Trends in Net Sales, Gross Profit, and EBITDA 28  FY26 1Q : Although power generation decreased YoY due to worsening wind conditions and increased output curtailment, results were Building Construction generally in line with the plan.  FY26

  30. Slide 30: JWD: Transition of ongoing and developing projects

    JWD Consolidated Infrastructure management segment 3-2-2. The transition of ongoing and developing projects 29  FY26 Full-Year Scheduled to commence commercial operation of two new projects in 3Q and one new project in 4Q. Building Construction No of Project* MW 3,312 3,274 3,366 3,366 （件） （MW） 3,1

  31. Slide 31: Projects Status by Japan Wind Development

    JWD Consolidated Infrastructure management segment 3-2-3. Projects Status by Japan Wind Development 30  From development to operation, our group handles all phases of the wind power business. Building Construction  Prioritizing coexistence with the community, we always promote development through

  32. Slide 32: Swing: Trends in Net Sales, Gross Profit, and EBITDA

    Swing Corp. Consolidated Infrastructure management segment 3-3-1. Trends in Net Sales, Gross Profit, and EBITDA 31  FY26 1Q Net sales in both the Engineering Business (EPC and maintenance services) and the Asset Management Business (operations and Building Construction pharmaceutical products) rema

  33. Slide 33: Swing Engineering Business: Orders Received, Net Sales and Profit

    Swing Corp. Consolidated Infrastructure management segment 3-3-2. 【Engineering Business※1】 Trends in Orders Received, Net Sales, Gross Profit, and Operating Profit 32  FY26 1Q : Although orders received decreased compared with the same period of the previous year, net sales and profit increased due

  34. Slide 34: Swing Asset Management Business: Orders Received, Net Sales and Profit

    Swing Corp. Consolidated Infrastructure management segment 3-3-3. 【Asset Management Business※1】 Trends in Orders Received, Net Sales, Gross Profit, and Operating Profit 33  FY26 1Q : Orders received and net sales from operations and pharmaceutical products remained strong. Building Construction  F

  35. Slide 35: Segment Highlights

    Maeda Corp Sumitomo Mitsui Construction Building Construction Maeda Corp Sumitomo Mitsui Construction Civil Engineering Maeda Corp Group Japan Wind Development Swing Infrastructure Segment Highlights Management MAEDA ROAD Road Civil Engineering MAEDA SEISAKUSHO Machinery

  36. Slide 36: MAEDA Road: Trends in Net Sales, Gross Profit and Operating Profit

    MAEDA Road Consolidated Road Civil Engineering 4-1. Trends in Net Sales, Gross Profit and Operating Profit 35  FY26 1Q : Through an improved profit margin of orders received and price pass-through measures in response to rising straight Building Construction asphalt prices, net sales and profit inc

  37. Slide 37: MAEDA Road Construction Business: Orders Received, Net Sales and Profit

    MAEDA Road Consolidated Road Civil Engineering 36 4-2. 【Construction Business】 Trends in Orders Received, Net Sales, Gross and Operating Profit  FY26 1Q : Despite flat net sales, profit increased YoY due to an improvement in the profit margin of orders received. Building Construction  FY26 Full-Ye

  38. Slide 38: MAEDA Road Manufacturing and Sales Business

    MAEDA Road Consolidated Road Civil Engineering 37 4-3. 【Manufacturing and Sales Business】 Trends in Net Sales, Gross Profit and Operating Profit  FY26 1Q : Through progress in price pass-through measures implemented since April, net sales increased YoY, and profit Building Construction remained at

  39. Slide 39: Segment Highlights

    Maeda Corp Sumitomo Mitsui Construction Building Construction Maeda Corp Sumitomo Mitsui Construction Civil Engineering Maeda Corp Group Japan Wind Development Swing Infrastructure Segment Highlights Management MAEDA ROAD Road Civil Engineering MAEDA SEISAKUSHO Machinery

  40. Slide 40: MAEDA SEISAKUSHO: Trends in Net Sales, Gross Profit and Operating Profit

    MAEDA SEISAKUSHO Consolidated Machinery 5-1. Trends in Net Sales, Gross Profit and Operating Profit 39  FY26 1Q : The effects of the transfer of operations among the four Mie locations contributed to net sales and profit Building Construction growth.  FY26 Full-Year : In addition to the full-year

  41. Slide 41: MAEDA SEISAKUSHO: Construction Machinery / Industrial Machinery & Steel Products

    MAEDA SEISAKUSHO Consolidated Machinery 5-2. 【Construction Machinery※1 / Industrial Machinery & Steel Products※2 】 Trends in Net Sales, Gross Profit and Operating Profit※3 40  FY26 1Q ： In Construction Machinery, the transfer of operations in the Mie district contributed to increases in both net sa

  42. Slide 42: FY26 1Q Results and FY26 Full-year Forecast

    FY26 1Q Results and FY26 Full-year Forecast

  43. Slide 43: MAEDA CORP. Consolidated FY26 1Q Results & Full-Year Plan

    1. MAEDA CORP. 【Consolidated】 FY26 1Q Results & Full-Year Plan （billion yen） 42 FY25 FY26 YoY FY26 1Q 1Q Results 1Q Results change Full-year Plan progress Net Sales 122.4 135.1 12.7 614.1 22.0% Total 82.2 87.4 5.2 399.9 21.9% Building Domestic 80.0 86.1 6.1 - - Construction Overseas 2.1 1.3 -0.8 - -

  44. Slide 44: MAEDA ROAD Consolidated FY26 1Q Results & Full-Year Plan

    2. MAEDA ROAD 【Consolidated】 FY26 1Q Results & Full-Year Plan （billion yen） 43 FY25 FY26 YoY FY26 1Q 1Q Results 1Q Results change Full-year Plan progress 59.7 61.2 1.5 22.4% Net Sales 274.0 Construction 40.8 40.8 -0 21.5% Business 190.0 Manufacturing and 18.9 20.4 1.6 24.3% Sales Business 84.0 8.2 (

  45. Slide 45: MAEDA SEISAKUSHO Consolidated FY26 1Q Results & Full-Year Plan

    3. MAEDA SEISAKUSHO 【Consolidated】 FY26 1Q Results & Full-Year Plan 44 （billion yen） FY25 FY26 YoY FY26 1Q 1Q Results 1Q Results change Full-year Plan Progress Net Sales 9.0 9.5 0.5 47.6 20.0% Construction 5.8 6.4 0.6 21.4% Machinery 29.9 Industrial Machinery 2.7 2.5 -0.2 16.6% & Steel Products 15.1

  46. Slide 46: Japan Wind Development Consolidated FY26 1Q Results & Full-Year Plan

    4. Japan Wind Development Co., Ltd. 【Consolidated】 FY26 1Q Results & Full-Year Plan （billion yen） 45 FY25 FY26 YoY FY26 1Q 1Q Results 1Q Results change Full-year Plan Progress Net Sales 1.0 0.9 -0 6.2 15.3% 0.5 0.4 -0 12.4% Development 3.4 O&M 0.4 0.4 -0 2.4 16.5% Others 0.1 0.1 0.1 0.4 32.6% Gross

  47. Slide 47: Sumitomo Mitsui Construction Consolidated FY26 1Q Results & Full-Year Plan

    5. Sumitomo Mitsui Construction 【Consolidated】 FY26 1Q Results & Full-Year Plan 46 FY25 FY26 YoY FY26 1Q 1Q Results 1Q Results change Full-year Plan Progress （billion yen） Net Sales 94.5 92.8 △1.7 442.0 21.0% Total 49.5 43.3 △6.2 226.2 19.1% Building Domestic 37.5 31.4 △6.1 159.6 19.7% Construction

  48. Slide 48: Swing Consolidated FY26 1Q Results & Full-Year Plan

    6. Swing 【Consolidated】 FY26 1Q Results & Full-Year Plan 47 （billion yen） FY25 FY26 YoY FY26 1Q 1Q Results 1Q Results Change Full-year Plan Progress Net Sales 15.7 17.5 1.8 96.6 18.1% Engineering Business 6.2 7.7 1.5 51.8 14.9% Asset Management Business 9.5 9.8 0.3 44.8 21.9% Gross Profit 2.8 (17.8%

  49. Slide 49: Key INFRONEER Group Companies (MAEDA Corporation Group)

    7-1. FY26 1Q Results & Full-Year Plan of Key INFRONEER Group Companies 48 (MAEDA Corporation Group) （million yen） FBS CO., LTD. ※1 FUJIMI KOKEN ※1 JM ※2 Consolidated FY26 FY26 FY26 Subsidiaries FY25 FY26 FY25 FY26 FY25 FY26 Full-Year Full-Year Full-Year 1Q Results 1Q Results 1Q Results 1Q Results 1Q

  50. Slide 50: Key INFRONEER Group Companies (SMCC Group)

    7-2. FY26 1Q Results & FY26 Full-Year Plan of Key INFRONEER Group Companies 49 (SMCC Group) （million yen） Sumitomo Mitsui Construction Steel SUMIKEN MITSUI ROAD CO., LTD.※1 DPS Bridge Works Co., Ltd. Domestic Structures engineering Co., Ltd. Consolidated FY26 FY26 FY26 FY25 FY26 FY25 FY26 FY25 FY26

  51. Slide 51: Changes of segment classification

    Reproduced from FY25 4Q Financial Results Presentation Materials [Supplementary Material] Changes of segment classification  Following the business integration with Sumitomo Mitsui Construction(SMC), the segment classification of affiliated companies 50 related to both Maeda Corporation and Sumitom

  52. Slide 52: Continued Expansion of Inclusion in Global ESG Investment Indices

    [Supplementary Material] Continued Expansion of Inclusion in Global ESG Investment Indices 51  Selected for the “FTSE4Good Index Series” and the “FTSE JPX Blossom Japan Index” for the First Time! INFRONEER Holdings has been selected for the “FTSE4Good Index Series” and the “FTSE JPX Blossom Japan I

  53. Slide 53: Restricted conversion clause of Euro-Yen Convertible Bonds

    [Supplementary Material ] Restricted conversion clause of Euro-Yen Convertible Bonds with Share option 52 - In March 2024, a board of directors resolution was passed for issurance of ¥60 billion Euro-Yen denominated convertible bonds with share option (Green CBs). - Restricted conversion clause are

  54. Slide 54: Differences between Contribution to profit and Segment profit

    [Supplementary Material] Differences between “Contribution to profit” and “Segment profit” 53 • ”Contribution to profit” is the substantive contribution amount in managerial accounting, calculated by summing up the construction gross profit, other income and operating income of individual consolidat

  55. Slide 55: 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

INFRONEER Holdings — Q1 FY2026 Earnings Presentation on 6ix