INFRONEER Holdings Inc. · TSE:5076

INFRONEER — Q2 FY2026 Earnings Presentation

71 slides from INFRONEER's earnings presentation, Nov 11, 2026

  1. Slide 1: FY26 2nd Quarter Financial Presentation

    INFRONEER Holdings FY26 2nd Quarter Financial Presentation November 11, 2026

  2. Slide 2: FY26 2nd Quarter Financial Results Index

    FY26 2nd Quarter Financial Results INDEX 1 = Supplementary Materials = 1. Overview of Public Offering Holdings Consolidated 2. Financial Results Summary 1. Capital Strategy and Return Policy /FY26 2Q Results and Full Year Forecast 3. Business Profit Growth 2. Performance Figures for INFRONEER Holdin

  3. Slide 3: Overview of Public Offering

    1. Overview of Public Offering 2 Overview Structure Global offering (Reg.S +144A)/ 55 million shares(OA* 7.17 million shares Including) Domestic/Overseas Ratio Japan : Overseas＝35% : 65% Total Offering Amount ¥114.9 billion(If all 7.17 million OA shares are issued) Dilution Rate 17.9% Repayment of S

  4. Slide 4: Financial Results Summary

    2. Financial Results Summary 3 FY26 2Q net sales totaled ¥660.8 billion, business profit ¥39.9 billion, EBITDA ¥66.0 billion, and net income ¥65.9 billion. Net sales, business profit, EBITDA and net income reached record highs since the establishment of INFRONEER Holdings. The FY26 full-year forec

  5. Slide 5: Business Profit Growth

    3. Business Profit Growth 4  FY26 business profit is projected at a record high of ¥92.7 billion, reflecting ¥5.2 billion from Swing and ¥7.5 billion from earnings revisions (¥1.5 billion in 1Q and ¥6.0 billion in 2Q), on top of the initial plan of ¥80.0 billion. FY26 Business growth Record High (A

  6. Slide 6: Approach to Finance Income

    4. Approach to Finance Income 5  Executed a ¥20 billion investment in “TB Investment Limited Partnership”, which was established in 2023 with the aim of taking Toshiba private and enhancing its corporate value.  Fair value valuations are conducted at each reporting period, and a valuation gain of

  7. Slide 7: Shareholder Returns

    5. Shareholder Returns 6  the FY26 2Q results announcement, the full-year dividend forecast was maintained at ¥132 per share (interim: ¥65; year-end: ¥67).  EPS is expected to be ¥291.7, more than Approx. 30% above the forecast at the beginning of FY26. 295.5 229.3 291.7 132 120 129.4 130.5 124.6

  8. Slide 8: Change in the Attribution of EPC Profit in Infrastructure Management

    6. Change in the Attribution of EPC Profit in the Infrastructure Management Business 7  Based on dialogue with overseas institutional investors and analysts, the segment profit disclosure method has been revised to clarify the earnings structure of the infrastructure management business and more ap

  9. Slide 9: FY26 2Q Results and Forecast (Building Construction)

    7. FY26 2Q Results and FY26 Full-Year Forecast (Building Construction) 8 Segment Financial Results Summary • For the segment as a whole, both net sales and profit increased YoY, driven by the integration of ARSOCIA CONSTRUCTION and business growth at both companies. The segment is expected to achiev

  10. Slide 10: FY26 2Q Results and Forecast (Civil Engineering)

    7. FY26 2Q Results and FY26 Full-Year Forecast (Civil Engineering) 9 Segment Financial Results Summary 9 • For the segment as a whole, net sales and profit increased YoY, driven by the integration of ARSOCIA CONSTRUCTION and business growth at both companies. The segment expects to achieve its full-

  11. Slide 11: FY26 2Q Results and Forecast (Infrastructure Management)

    7. FY26 2Q Results and FY26 Full-Year Forecast (Infrastructure Management) 10 Segment Financial Results Summary 10 • For the segment as a whole, net sales increased while profit decreased YoY. For the full year, net sales and profit are expected to increase due to the integration of Swing. ― MAEDA C

  12. Slide 12: FY26 2Q Results and Forecast (Road Civil Engineering)

    7. FY26 2Q Results and FY26Full-Year Forecast (Road Civil Engineering) 11 Segment Financial Results Summary •Despite the impact of unfavorable weather conditions, net sales and profit increased YoY overall, driven by an improved profit margin of orders received in the Construction business Road Civi

  13. Slide 13: FY26 2Q Results and Forecast (Machinery)

    7. FY26 2Q Results and FY26 Full-Year Forecast (Machinery) 12 Segment Financial Results Summary • Performance remained solid, driven by the benefits of business succession in the Mie area and increased sales in the Construction Machinery business. Machinery • Although the first half was affected by

  14. Slide 14: Stock Price Trends and IR Initiatives in FY26

    8. Stock Price Trends and IR Initiatives in FY26 13  Achieved a record high Stock price since the establishment of the Holdings on September 1, 2026  Conducted IR meetings in Asia in June and in Europe and North America in July, actively engaging in communication with overseas investors  Followin

  15. Slide 15: Reference: Financial Indicators Including Public Offering Impact

    【Reference】 Financial Indicators (Including the Impact of the Public Offering and Bond-Type Class Shares) 14  ROE and EPS will be deducted by the preferred dividend, resulting in a decrease in net income attributable to common shareholders.  Bond-type class shares are distinguished from common sha

  16. Slide 16: Reference: Restricted Conversion Clause of Convertible Bonds

    【Reference】Restricted conversion clause of Euro-Yen Convertible Bonds with Share option 15  Conversion into new shares is permitted in the following quarter if the stock price exceeds 150% of the latest conversion price for at least 20 consecutive trading days from the beginning of the fiscal year

  17. Slide 17: Integrated Report 2026 Published

    Integrated Report 2026 Published 16 ”Kosaku Shima” Outside Director！ Introducing Our Evolution into an Integrated Infrastructure Service Company Through Manga Highlights of the Integrated Report 1 Special Dialogue INFRONEER×HITACHI Toshiaki Higashihara, Chairman of Hitachi, Ltd., and Kibe, our Presi

  18. Slide 18: Supplementary Materials

    Holdings 17 Consolidated MAEDA CORP. ARSOCIA CONSTRUCTION Building Construction MAEDA CORP. ARSOCIA CONSTRUCTION Civil Engineering Supplementary Materials MAEDA CORP. Group Japan Wind Development Swing Infrastructure Management MAEDA ROAD Road Civil Engineering MAEDA SEISAKUSHO Machinery

  19. Slide 19: Holdings Consolidated

    Holdings 18 Consolidated MAEDA CORP. ARSOCIA CONSTRUCTION Building Construction MAEDA CORP. ARSOCIA CONSTRUCTION Civil Engineering Holdings Consolidated MAEDA CORP. Group Japan Wind Development *Unless otherwise noted, figures are based on the Swing consolidated results of INFRONEER Holdings Inc. In

  20. Slide 20: Capital Strategy & Shareholder Return Policy

    1. Capital Strategy & Shareholder Return Policy / FY26 2Q Results and Full-Year Outlook 19 FY26 2Q Medium-term Vision 2027 FY25 Results Forecast Notes Capital Continue efforts to improve ROE 12.0％ 16.0％ 13.7％ Efficiency the operating profit margin Optical Equity 30％or 31.8%(2Q) 30.2％ Expansion of fi

  21. Slide 21: Performance Figures for INFRONEER Holdings (1)

    2-1. Performance Figures for INFRONEER Holdings 20 Business Profit Net income (billion yen) IFRS Business Profit 2Q Business Profit Business Profit Margin (billion yen) Net income 2Q Net income Net income Margin 100 92.7 100.0 84.1 76.6 82.2 80.0 6.8% 5.8% 51.5 48.5 7.5％ 60.0 50 46.4 6.5％ 33.5 32.6

  22. Slide 22: Performance Figures for INFRONEER Holdings (2)

    2-2. Performance Figures for INFRONEER Holdings 21  FY26 2Q results recorded higher net sales and profit YoY, achieving the highest levels since the establishment of INFRONEER Holdings in terms of Net sales, Business profit, EBITDA, and Net income.  FY26, Net sales, Business profit, and EBITDA are

  23. Slide 23: Segment Performance Figures

    3. Segment Performance Figures 22 (billion yen) * FY25 FY26 FY25 FY26 YoY YoY Progress 2QResults 2QResults Full-Year Results ① Revised Forecast ② ②–① Net sales 424.5 660.8 236.3 46.5% 1,124.9 1,422.0 297.1 Building Construction 179.9 277.8 98.0 48.3% 483.6 575.2 91.6 Civil Engineering 78.1 173.5 95.

  24. Slide 24: Major Factors for Changes in the Consolidated Balance Sheet

    4. Major factors for Changes in the Consolidated Balance Sheet 23 Assets Liabilities and Equity +9.6 2,032.7 (billion yen) 2,023.1 (billion yen) (+12.7) (1,943.7)*1 2,023.1 +9.6 2,032.7 (1,931.0)※1 Major Factors Major Factors Liabilities with interest *2 Bonds and Borrowings 590.9 *2 573.3 +17.6 Cur

  25. Slide 25: Business Environment

    5. Business Environment  Our recognitions and approaches to the market environment, order environment, and material prices, etc. 24 Market Our Segment Market Outlook Our Initiatives Conditions Conditions While construction starts continue to decline, Improve profitability by strengthening project s

  26. Slide 26: Highlights by Segment

    Holdings 25 Consolidated MAEDA CORP. ARSOCIA CONSTRUCTION Building Construction MAEDA CORP. ARSOCIA CONSTRUCTION Civil Engineering Highlights by Segment MAEDA CORP. Group Japan Wind Development *Figures are based on the consolidated results of Swing each business company and do not take into account

  27. Slide 27: Building Construction: Net Sales, Gross Profit and Operating Profit

    Building Construction Segment (Real estate included) 1-1. Trends in Net Sales, Gross Profit and Operating Profit 26 Consolidated  FY26 2Q：Net sales and profit increased YoY, driven by the completion of several highly profitable projects.  FY26 Full Year：The full-year profit forecast has been revis

  28. Slide 28: 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 27 Consolidated  FY26 2Q：Orders received remained strong, driven by orders for large-scale private-sector projects. Profit margin of orders received improved YoY.  FY26 Full Yea

  29. Slide 29: Building Construction: Construction Backlog

    Building Construction Segment 1-3. Trends in Construction Backlog 28 Consolidated  MAEDA CORP. continues to maintain high levels of orders received and profit margins on orders received in the building construction business. Backlogs are expected to remain high, as in the previous fiscal year.  AR

  30. Slide 30: Maeda Corp. Order Ratios by Building Use

    Maeda Corp. Building construction segment (Domestic, Real estate included） 1-4. Trends in order ratios by building use 29 Consolidated  The share of offices, condominium, and factories is expected to increase, driven by orders for large-scale data centers, redevelopment projects, and waste treatmen

  31. Slide 31: ARSOCIA CONSTRUCTION Order Ratios by Building Use

    ARSOCIA CONSTRUCTION Building construction segment (Domestic, Real estate included） 1-5. Trends in order ratios by building use 30 Consolidated  Large-scale orders are expected for senior care facilities, luxury hotels, factories, and other projects. Building Construction 【 】 indicate Profit margin

  32. Slide 32: Topics: Logistics Facility and School Construction Projects

    Maeda Corp. Building construction segment 1-6. Topics: A Large-Scale Logistics Facility Creating a ”Connected” Future, 31 Consolidated and a “School of the Future” that Nurtures Children’s Potential LogiSquare Asaka B New Construction Project Yoyogi Junior High School Construction Project Building C

  33. Slide 33: Topics: Overseas Production Facilities and R&D Facilities Orders

    ARSOCIA CONSTRUCTION Building construction segment 1-7. Topics: Orders Received for “Overseas Production Facilities for Japanese Companies” and 32 Consolidated “R&D Facilities” (Tentative Name) Kashiwanoha Campus Block 136 New (Tentative Name) AISIN ROTAK Factory Expansion Project Construction Proje

  34. Slide 34: Highlights by Segment

    Holdings 33 Consolidated MAEDA CORP. ARSOCIA CONSTRUCTION Building Construction MAEDA CORPORATION ARSOCIA CONSTRUCTION Civil Engineering Highlights by Segment MAEDA CORP. Group Japan Wind Development *Figures are based on the consolidated results of Swing each business company and do not take into a

  35. Slide 35: Civil Engineering: Net Sales, Gross Profit and Operating Profit

    Civil Engineering Segment 2-1. Trends in Net Sales, Gross Profit and Operating Profit 34 Consolidated  FY26 2Q：Net sales and profit of completed construction contracts progressed steadily, and design changes for projects completed this fiscal year also remained strong, resulting in higher net sales

  36. Slide 36: Civil Engineering: Orders Received and Profit Margin

    Civil Engineering Segment 2-2. Trends in Orders Received and and Profit Margin of Orders Received 35 Consolidated  FY26 2Q：Orders received and the profit margin of orders received improved significantly YoY, driven by large-scale public-sector orders.  FY26 Full Year：The full-year plan is expected

  37. Slide 37: Civil Engineering: Construction Backlog

    Civil Engineering Segment 2-3. Trends in Construction Backlog 36 Consolidated  Orders received and backlogs at MAEDA CORP. are expected to remain high.  ARSOCIA CONSTRUCTION’s backlogs increased YoY and continue to remain high. Building Construction Backlog ARSOCIA CONSTRUCTION Non-Consolidated MA

  38. Slide 38: Topics: NEXCO Four-Lane Widening and Water Pipeline Projects

    Maeda Corp. Civil engineering segment 2-4. Topics: Orders Received for “NEXCO Four-Lane Widening Project” and “Water Pipeline 37 Consolidated Duplication Project” Matsuyama Expressway Nakayama-Minami Pipeline Development Project (Eastern Inagawa) ■Project Location Construction Project ■Project Locat

  39. Slide 39: Topics: Noto Peninsula Recovery and Pipe Jacking Work

    ARSOCIA CONSTRUCTION Civil engineering segment 2-5. Topics: Order Received “Noto Peninsula Earthquake Disaster Recovery Work” and ”Tokyo 38 Consolidated Metropolitan Government Bureau of Waterworks Pipe Jacking Work” Note Noto Peninsula Earthquake Disaster Recovery Work Tokyo Metropolitan Government

  40. Slide 40: Highlights by Segment

    INFRONEER 39 Consolidated MAEDA CORP. ARSOCIA CONSTRUCTION Building Construction MAEDA CORP. ARSOCIA CONSTRUCTION Civil Engineering Highlights by Segment MAEDA CORP.Group Japan Wind Development *Figures are based on the consolidated results of Swing each business company and do not take into account

  41. Slide 41: Infrastructure Management: Net Sales, Gross Profit, EBITDA

    Maeda Corp. Group Infrastructure management segment 3-1-1. Trends in Net Sales, Gross Profit, EBITDA 40 Consolidated  FY26 2Q：Profits from operating SPCs, including Aichi Road Concession, remained on track against the full-year plan.  FY26 Full Year：The full-year plan is expected to be achieved th

  42. Slide 42: Performance Figures for Major Group Companies

    Maeda Corp. Group Infrastructure management segment 3-1-2. Performance figures for major group companies (Infrastructure Management) 41 Consolidated (million yen) Consolidated Miotsukushi Industrial Water Miura Sewerage Concession Co., Ltd. Aichi Road Concession Co., Ltd. ※1 subsidiaries Concession

  43. Slide 43: Major Infrastructure Management Projects in Japan

    Maeda Corp. Group Infrastructure management segment 3-1-3. Major Infrastructure Management Projects in Japan 42  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

  44. Slide 44: Three Projects Win PPP/PFI Best Practice Awards

    Maeda Corp. Group Infrastructure management segment 3-1-4. Topics: Three INFRONEER Group Projects Win PPP/PFI Best Practice Awards 43 Consolidated Recognized for leadership and innovation, winning two Minister’s Awards and one Excellence Award Minister’s Award Building Construction Excellence Award

  45. Slide 45: JWD: Net Sales, Gross Profit, EBITDA

    JWD Consolidated Infrastructure Management Segment 3-2-1. Trends in Net Sales, Gross Profit, EBITDA 44 Consolidated  FY26 2Q：Wind Farm Increase etc., costs lower profit  FY26 Full Year：Full-Year Forecast Revised, FIT Project Conversion to Own Power Source and , NewProject Start of Operations from

  46. Slide 46: JWD: Projects in Operation and under Development

    JWD Consolidated Infrastructure Management Segment 3-2-2. Trends in Projects in Operation and under Development 45 Consolidated  FY26 3Q 3Project, New Start of Operations Planned Building Construction No of Project* MW 60 60 (projects) (MW) 3,312 3,274 3,366 3,416 3,500 3,182 48 50 48 50 45 45 50 3

  47. Slide 47: Projects Status by Japan Wind Development

    JWD Consolidated Infrastructure management segment 3-2-3. Projects Status by Japan Wind Development 46  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

  48. Slide 48: Start of Retail Electricity Business

    JWD Consolidated Infrastructure Management Segment 3-2-4. Topics: “Start of retail electricity business” 47 Consolidated * Launching a retail electricity business utilizing post-FIT wind power in April 2026 Building Construction POINT  Provide a “fully fixed-rate plan” powered by wind-generated ele

  49. Slide 49: Swing: Net Sales, Gross Profit and Operating Profit

    Swing Corp. Consolidated Infrastructure Management Segment 3-3-1. Trends in Net Sales, Gross Profit and Operating Profit 48 Consolidated  FY26 2Q：Net sales from the engineering business (EPC and maintenance) and asset management business (operations and chemicals) remained solid.  FY26 Full Year：F

  50. Slide 50: Swing: Engineering Project Orders and Results

    Swing Corp. Consolidated Infrastructure Management Segment 3-3-2. 【EngineeringProject*1】 49 Consolidated Trends in Orders Received, Net Sales, Gross Profit, and Operating Profit  FY26 2Q：Although orders received were lower YoY, Net sales and profit increased YoY due to progress on large-scale EPC p

  51. Slide 51: Swing: Asset Management Project Orders and Results

    Swing Corp. Consolidated Infrastructure Management Segment 3-3-3. 【Asset ManagementProject*1】 50 Consolidated Trends in Orders Received, Net Sales, Gross Profit, and Operating Profit  FY26 2Q：Orders received and Net sales for operations and chemicals remained solid.  FY26 Full Year：Orders received

  52. Slide 52: MIZU MIRAI HIROSHIMA 15th Anniversary

    Swing Corp. Consolidated Infrastructure Management Segment 3-3-4. Topics: ”MIZU MIRAI HIROSHIMA 15th Anniversary” 51 連 結 MIZU MIRAI HIROSHIMA, Japan’s first public-private water utility company established through a private-sector-led initiative. 15th anniversary in September. Actively expanding ope

  53. Slide 53: Highlights by Segment

    Holdings 52 Consolidated MAEDA CORP. ARSOCIA CONSTRUCTION Building Construction MAEDA CORP. ARSOCIA CONSTRUCTION Civil Engineering Highlights by Segment MAEDA CORP.Group Japan Wind Development *Figures are based on the consolidated results of Swing each business company and do not take into account

  54. Slide 54: MAEDA Road: Net Sales, Gross Profit and Operating Profit

    MAEDA Road Consolidated Road Civil Engineering 4-1. Trends in Net Sales, Gross Profit and Operating Profit 53 Consolidated  FY26 2Q：Net sales and profit increased YoY due to improved profit margins on orders received and cost pass-through measures reflecting rising straight asphalt prices.  FY26 F

  55. Slide 55: MAEDA Road: Construction Business Trends

    MAEDA Road Consolidated Road Civil Engineering 54 4-2. 【Construction Business】 Trends in Orders Received, Net Sales, Gross and Operating Profit Consolidated  FY26 2Q：Although net sales decreased slightly due to adverse weather conditions, profit increased YoY as a result of improved profit margins

  56. Slide 56: MAEDA Road: Manufacturing and Sales Business

    MAEDA Road Consolidated Road Civil Engineering 55 4-3. 【Manufacturing and Sales Business】 Trends in Net Sales, Gross Profit and Operating Profit Consolidated  FY26 2Q：Net sales increased YoY due to cost pass-through measures implemented in April. Despite the impact of adverse weather conditions, pr

  57. Slide 57: Support as Title Sponsor of the Izumo Ekiden

    MAEDA Road Consolidated Road Civil Engineering 4-4. Topics: Support as “the Title Sponsor of the 37th Izumo Ekiden” 56 Consolidated  In addition to its title sponsorship of the 38th Izumo Ekiden, MAEDA ROAD is expanding its title sponsorship to include the Mount Fuji Women’s Ekiden 2026 starting th

  58. Slide 58: Highlights by Segment

    Holdings 57 Consolidated MAEDA CORP. ARSOCIA CONSTRUCTION Building Construction MAEDA CORP. ARSOCIA CONSTRUCTION Civil Engineering Highlights by Segment MAEDA CORP.Group Japan Wind Development *Figures are based on the consolidated results of Swing each business company and do not take into account

  59. Slide 59: MAEDA SEISAKUSHO: Net Sales, Gross Profit and Operating Profit

    MAEDA SEISAKUSHO Consolidated Machinery 5-1. Trends in Net Sales, Gross Profit and Operating Profit 58 Consolidated  FY26 2Q：Performance remained solid, reflecting the effects of the business succession at four locations in Mie. Profit remained at the previous year’s level.  FY26 Full Year：In addi

  60. Slide 60: Construction Machinery and Industrial Machinery Results

    MAEDA SEISAKUSHO Consolidated Machinery 5-2. 【Construction Machinery※1 / Industrial Machinery & Steel Products※2 】 59 Consolidated Trends in Net Sales, Gross Profit and Operating Profit※3  FY26 2Q：In Construction Machinery, both net sales and profit increased YoY, reflecting the effects of the busi

  61. Slide 61: Local Community and Environment Contribution

    MAEDA SEISAKUSHO Consolidated Machinery 5-3.Topics: Local Community / Society Environment contribution 60 Consolidated ✓Deepen collaboration with local communities and continuously contribute to local communities and conserve the natural environment. Building Construction Key Initiatives Initiatives

  62. Slide 62: FY26 2Q Results and FY26 Full-Year Forecast

    61 FY26 2Q Results and FY26 Full-Year Forecast

  63. Slide 63: MAEDA CORP. FY26 2Q Results & Full-Year Plan

    1. MAEDA CORP. 【Consolidated】 FY26 2Q Results & Full-Year Plan（billion yen） aa FY25 2Q Results FY26 2Q Results YoY change FY26 Full-Year Plan (2QRevised) 2Q Progress 62 Net Sales 268.1 292.1 24.0 612.4 47.7% Total 177.6 183.8 6.2 389.8 47.1% Building Domestic 169.3 173.2 3.9 - -% Construction Overse

  64. Slide 64: MAEDA ROAD FY26 2Q Results & Full-Year Plan

    2. MAEDA ROAD 【Consolidated】 FY26 2Q Results & Full-Year Plan （billion yen） 63 FY25 FY26 YoY FY26 2Q 2Q Results 2Q Results change Full-year Plan progress 125.4 127.2 1.8 274.0 46.4% Net Sales Construction 86.3 85.3 -1.0 190.0 44.9% Business Manufacturing and 39.2 41.8 2.6 84.0 49.8% Sales Business 1

  65. Slide 65: MAEDA SEISAKUSHO FY26 2Q Results & Full-Year Plan

    3. MAEDA SEISAKUSHO 【Consolidated】 FY26 2Q Results & Full-Year Plan 64 （billion yen） FY25 FY26 YoY FY26 2Q 2Q Results 2Q Results change Full-year Plan Progress Net Sales 19.7 21.2 1.5 47.6 44.5% Construction Machinery 12.4 14.0 1.6 29.9 46.8% Industrial Machinery & Steel Products 6.1 5.9 -0.2 15.1 3

  66. Slide 66: Japan Wind Development FY26 2Q Results & Full-Year Plan

    4. Japan Wind Development Co., Ltd. 【Consolidated】 FY26 2Q Results & Full-Year Plan （billion yen） 65 FY25 FY26 YoY FY26 2Q 2Q Results 2Q Results change Full-year Plan Progress Net Sales 2.0 2.2 0.2 5.9 37.0% Development 0.8 0.9 0.1 3.0 29.0% O&M 1.1 1.0 - 0.1 2.4 42.4% Others 0.1 0.3 0.2 0.5 58.8% G

  67. Slide 67: ARSOCIA CONSTRUCTION FY26 2Q Results & Full-Year Plan

    5. ARSOCIA CONSTRUCTION 【Consolidated】 FY26 2Q Results & Full-Year Plan 66 FY25 FY26 YoY FY26 Full-year Plan 2Q （billion yen） 2Q Results 2Q Results Change (2QRevised) Progress Net Sales 189.3 188.7 -0.5 417.2 45.2% Total 95.0 92.8 -2.2 201.4 46.1% Building Domestic 72.2 61.7 -10.5 139.4 44.3% Constr

  68. Slide 68: Swing FY26 2Q Results & Full-Year Plan

    6. Swing 【Consolidated】 FY26 2Q Results & Full-Year Plan 67 （billion yen） FY25 FY26 YoY FY26 2Q 2Q Results 1Q Results Change Full-year Plan Progress Net Sales 33.5 38.4 4.9 95.1 40.4% Engineering Business 13.8 18.0 4.2 50.1 35.9% Asset Management Business 19.7 20.4 0.7 45.0 45.3% Gross Profit 6.2 (1

  69. Slide 69: Key INFRONEER Group Companies (MAEDA Corporation Group)

    7-1. FY26 2Q Results & Full-Year Plan of Key INFRONEER Group Companies 68 (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 2Q Results 2Q Results 2Q Results 2Q Results 2Q

  70. Slide 70: Key INFRONEER Group Companies (ASC Group)

    7-2. FY26 2Q Results & FY26 Full-Year Plan of Key INFRONEER Group Companies 69 (ASC Group) （million yen） ARSOCIA Steel Structures ARSOCIA ROAD CO., LTD.※1 DPS Bridge Works Co., Ltd. Domestic Engineering Co., Ltd. Consolidated FY26 FY26 FY26 FY25 FY26 FY25 FY26 FY25 FY26 Subsidiary22 Full-Year Full-Y

  71. Slide 71: 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 — Q2 FY2026 Earnings Presentation on 6ix