Cti Engineering Co., Ltd. · TSE:9621
Cti Engineering — Q3 2025 Earnings Presentation
41 slides from Cti Engineering's earnings presentation, Nov 12, 2025
Slide 1: Q3 FY2025 (63rd Term) Financial Results
Q3 FY2025 (63rd Term) Financial Results 12 November 2025 Tokyo Stock Exchange / Code number：9621
Slide 2: Contents
・ Q3 FY2025 (63rd Term) Financial Results ・ Appendix CONTENTS 2
Slide 3: Contents
・ Q3 FY2025 (63rd Term) Financial Results ・ Appendix CONTENTS 3
Slide 4: Highlights from Q3 FY2025 (63rd Term) Financial Results
Highlights from Q3 FY2025 (63rd Term) Financial Results Q3 FY2025(63rd Term) ◼ Orders received are strong, increased by 15.2% YoY ◼ Sales are on track, at the same level as the same period of last year ◼ Operating income decreased by 13.5% YoY Affected by increased SG&A expenses and deteriorated cos
Slide 5: Q3 FY2025 Financial Highlight (Consolidated)
Q3 FY2025 (63rd Term)-Financial Highlight（Consolidated） Orders Received Sales Operating Income Net Income Attributable to Owners of the Parent JPY 88,964 million JPY 73,270 million JPY 6,489 million JPY 4,311 million FY2024 (62nd) JPY 77,228 million FY2024 (62nd) JPY 72,197 million FY2024 (62nd) JPY
Slide 6: Financial Highlight (Actual vs. Forecast)
Q3 FY2025 (63rd Term) -Financial Highlight （ Actual vs. Forecast ） Orders Received and Sales are progressing on track against the FY2025(63 rd Term) plan Operating Income and Net Income are slightly behind the FY2025(63 rd Term) plan FY2025(63rd) FY2025(63rd) Plan 3Q Actual vs. Forecast 0％ 50％ 100％
Slide 7: Profit and Loss Statement (Consolidated)
Q3 FY2025 (63rd Term) - Profit and Loss Statement (Consolidated) （JPY million） Q3 FY2025 (63rd Term) FY2025 (63rd Term) (FY Plan) Q3 FY2024 (62nd Term) Change(¥) Change(%) Achievement (YoY) (YoY) vs. Plan(%) Orders Received 77,228 88,964 +11,735 +15.2% 100,000 89.0% Sales 72,197 73,270 +1,072 +1.5%
Slide 8: Results Outline by Segment: Domestic Business
Q3 FY2025 (63rd Term) Results Outline by Segment: Domestic Business Orders Received and Sales exceeded the strong results of the same period of last year, while Operating Income was slightly behind the previous year ・Orders Received have progressed strongly following Q2 due to proactive efforts to t
Slide 9: Results Outline by Segment: Overseas Business
Q3 FY2025 (63rd Term) Results Outline by Segment: Overseas Business Orders Received increased YoY, while Sales are at the same level as the previous year ・The performance of Warterman Group Plc is in line with the FY2025(63rd Term) plan ・Orders Received are steady due to large-scale Orders Received
Slide 10: FY2025 (63rd Term) Plan (Consolidated/Non-Consolidated)
FY2025 (63rd Term) Plan (Consolidated/Non-Consolidated) ・Full-year forecast remains unchanged due to expected improvement in profitability ・Net Income per share is expected to improve towards the end of the fiscal year due to the acquisition of own shares （JPY million） Mid-Term FY2024 (62nd Term) FY
Slide 11: (Reference Data) Full-year forecast
(Reference Data) Full-year forecast ◼ Quarterly Sales are increasing compared to the previous period due to strong Orders Received and the resulting increase in backlog orders ◼ SG&A expenses YoY are gradually declining toward the end of the period (billion yen) Trend of Sales and SG&A expenses YoY
Slide 12: Acquisition of Own Shares
Acquisition of Own Shares We have decided to acquire of own shares in accordance with the shareholder returns policy* in the Mid-Term Management Plan 2027 * Aim for a total return ratio of 35-50%, and flexibly implement additional returns while taking into account the progress of growth investment,
Slide 13: Contents
・ Q3 FY2025 (63rd Term) Financial Results ・ Appendix CONTENTS 13
Slide 14: Corporate Profile
Corporate Profile Ever since founded in 1945, CTI Engineering has focused on great importance to people and technology. We are “Japan’s first consulting engineer company " developed with high technological capabilities. Business Philosophy Company Name CTI Engineering Co.,Ltd. We strive to create a
Slide 15: Role of the Consulting Engineers
Role of the Consulting Engineers Infrastructure developments are carried out mainly by three parties: (1) National and Local Governments, (2) Consulting Engineers, and (3) Construction Companies. For “National and Local Governments" that decide projects and make plans, We "Consulting Engineers" prov
Slide 16: Business Process of Consulting Engineers
Business Process of Consulting Engineers The role of consulting engineers is to provide consulting services such as surveys, planning, and design, etc. as a partner to national and local governments that make project decisions and planning. We undertake almost all the workflow, but in accordance wit
Slide 17: Basic Workflow of Consultant Engineers
Basic Workflow of Consultant Engineers ➢ Project size : Mostly tens of millions of yen. In recent years, the number of large-scale projects is increasing by several hundred million. ➢ Number of projects : Thousands per year ➢ Project period : Basically 1 year, but multi-year large-scale projects are
Slide 18: Importance of Consulting Engineers
Importance of Consulting Engineers Infrastructure Development Yashio City road Infrastructure Maintenance and sinkhole accident Management Define a Construction Plan Survey Design Maintenance project management management Efficient and Effective infrastructure Importance of inspection, evaluation, a
Slide 19: Quarterly Sales Amounts and Operating Income (Consolidated)
(Reference Data) Quarterly Sales Amounts and Operating Income (Consolidated) Since CTI Engineering Group has a lot of public projects, work progress tends to concentrate at the end of fiscal year, resulting in a tendency for sales and income to be clustered towards 1Q. (after the adoption of Account
Slide 20: The History of CTI Engineering Co., Ltd.
The History of CTI Engineering Co., Ltd. The history of the Construction Technology Institute (the predecessor of CTI Engineering Co., Ltd.) begins in December 1944, as Japan headed toward its defeat in World War II. Our Founding: amidst Japan’s The board of directors of the Japan Civil Engineering
Slide 21: The History of CTI Engineering Co., Ltd.
The History of CTI Engineering Co., Ltd. Number of employees: 3,966 Sales : JPY 97.6billion Achieved sustainable growth through human resource 2017 enhancement Yodo River, Yodo River system Waterman joined CTI group (Osaka City, Osaka Prefecture) and M&A (1971-1980） Onagawa Central District, Onagawa
Slide 22: Transition of Sales/Operating Income/Number of Engineers
Transition of Sales/Operating Income/Number of engineers（Non-consolidated） Sales(Non-Consolidated) Number of （JPY billion） Engineers 800 Achieved 1,940 2,000 sustainable sales 1,900 growth by increasing human resources 1,749 1,800 1,658 1,700 600 1,557 1,600 1,461 1,500 1,387 1,400 400 1,304 1,300 1
Slide 23: Consolidated Group Company (Domestic)
Consolidated Group Company (Domestic) Trans Environ Provides professional services related Provides professional services related mental portation to urban development, urban planning to geological surveying and analysis, Social Urban Japan Urban and town planning, land readjustment Chi-ken Sogo gro
Slide 24: Our Position in the Construction Consulting Industry
Our Position in the Construction Consulting Industry (Non-consolidated) Ranked 3rd in Sales, 1st in Current Term Income in FY 2024 (JPY Million) Construction Current term Company Name Consulting Division Sales Income 1 Integrated Design & Engineering Holdings(ID&E) * 1 64,208 6,329 2 Pacific Consult
Slide 25: Our Strength
Our Strength Industry Professional Japan’s Stable Engineers First Customer Base Leader with Consulting Centred on the Order Received Advanced Public Sector in the Engineer Technical Skills River Sector Since the founding of the As we receive 90% of orders Leveraging our experiences in We are a group
Slide 26: Our Strengths
Our Strengths Order Received Amount by Source (2024) Order Received Amount by Contract Method (2024) １ Private, ２ etc. Price Orders 9％ Competition Received Strength in 23% Proposal from National Government technical 38% government competition Local Gov. 38％ 46% Government Negotiated Contracts Former
Slide 27: Business Fields of Domestic Segment
Business fields of Domestic Segment The Company's (non-consolidated) business fields consist of the following four business divisions. ▮62nd (2024) Period Orders Composition Ratio (Domestic) Water and Land Transportation and Urban Environmental and social Construction Management Business Sector Busi
Slide 28: Our Position in the Industry (Results in 2024)
Our Position in the Industry (Results in 2024) Our strengths lie in the domestic public sector and the river sector. The Construction management Business Sector is growing. (JPY Million) Our company Watershed and Land Business Unit Transportation and Urban Business Sector Business Sector Rivers, ero
Slide 29: Our Position in the Industry (Results in 2024)
Our Position in the Industry (Results in 2024) Construction Management Business Sector Sales increased by 50% compared to last year (JPY Million) Construction Our company Environmental and Social Business Sector Management Business Unit Business Sector Construction plan and Sales Rank Construction e
Slide 30: Consolidated Group Company (Overseas)
Consolidated Group Company (Overseas) We are expanding globally with two subsidiaries, Waterman and CTI International. 62nd Term (2024) 62nd Term (2024) Composition of Overseas Composition of Overseas Segment Sales Segment Sales Waterman Group Plc 18% CTI Engineering International 82% 81% History Hi
Slide 31: Sales of Waterman Group Plc after the Acquisition
Sales of Waterman Group Plc after the Acquisition ・ Sales of Waterman Group Plc have progressed steadily since 2017 ・ After our acquisition, public sector Sales have increased FY2024(62nd Term) Composition of Overseas (Unit ：Millions of GBP) Sales Trends (GBP) Segment Sales (Unit: ％) Waterman Group
Slide 32: Mid-Term Management Plan 2027: Five Key Factors
Mid-Term Management Plan 2027 Appendix : Five Key Factors to Express “How we should be" Based on the five key factors that express ideal state of CTI Engineering Group, the measures to be implemented in the Mid- Term Management Plan 2027 are consolidated into two pillars. Acquisition of Human Resour
Slide 33: Mid-Term Management Plan 2027: Rationale for Numerical Targets
Mid-Term Management Plan 2027 Appendix : Rationale for Numerical Targets ● Important management figures in 2027 Continue to strengthen our workforce at an annual growth rate of around 5% and aim for net sales of JPY 110 billion or more Sales (achieve SPRONG2030, our mid- to long-term vision, ahead o
Slide 34: External Environment: Public Works Expenditures and Construction Investments
Mid-Term Management Plan 2027 Appendix : External Environment (Trend of Public Works Expenditures and Construction Investments) The market for consulting engineering business, our core business, is strongly influenced by government budget allocations and construction investment. Public works expendi
Slide 35: External Environment: Disaster Prevention and National Resilience Policy
Mid-Term Management Plan 2027 Appendix : External Environment (Disaster prevention and mitigation, national resilience policy) • Government approved the “The First Medium-Term National Resilience Implementation Plan” in June 2025 • The plan covers the five-year period from FY2026 to FY2030 with an e
Slide 36: External Environment: Unit Price for Design Engineers
Mid-Term Management Plan 2027 Appendix : External Environment (Unit Price for Design Engineers) ● Unit Price for Design Engineers: A unit price used for estimating design work outsourcing (design, surveying, geology, etc.) ordered by the Ministry of Land, Infrastructure, Transport and Tourism, which
Slide 37: Business Philosophy
Business Philosophy We strive to create a safe, Comfortable and enriching society Using world-class technology and expertise. CTI Engineering Co., Ltd. has faced social issues with integrity throughout its history as a pioneering consulting engineer. It has worked to solve a variety of infrastructur
Slide 38: Disclaimer
Disclaimer • Any forward-looking statements as part of information disclosed by the Company, such as (but not restricted to) information pertaining to future plans, outlooks, management strategy, etc., are based on the information available at the time of disclosure and/or on certain assumptions dee
Slide 39: 3Q / 63rd term (2025) Financial Results: Supplementary Data
3Q / 63th term (2025) Fi n a nc i al R e su lt s 〔Supplementary Data〕 CTI Engineering Co.,Ltd..
Slide 40: Order Status (Non-consolidated): Orders received by month
1. Order Status (Non-consolidated) (1) Orders received by month (JPY million, rounded down to the nearest million, %) Item Our company Consulting Engineering (50 companies) (Note) 2023 2024 2025 2023 2024 2025 Change Change Change Change Change Change Month Amount Amount Amount Amount Amount Amount
Slide 41: Cumulative Orders Received (Non-Consolidated)
2025 Cumulative Orders Received 2024 (JPY million) (Non-Consolidated) 2023 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 2025 Cumulative Orders Received 2024 (JPY million) Consulting Engineering (50 companies) 2023 800,000 700,000 600,