Summary of Consolidated Financial Results for the Year Ended March 31, 2026

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
   1. Consolidated operating results (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Fiscal year ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      March 31, 2026	95,998	4.4	4,763	83.8	4,415	76.2	4,456	78.1
      March 31, 2025	91,923	1.6	2,591	211.3	2,506	246.6	2,502	-

      Note: Comprehensive income	For the fiscal year ended March 31, 2026:	¥	6,364 million [	59.7%]
      	For the fiscal year ended March 31, 2025:	¥	3,985 million [	(4.9) %]

      	Basic earnings per share	Diluted earnings per share	Rate of return on equity	Ordinary profit to total assets ratio	Operating profit to net sales ratio
      Fiscal year ended	Yen	Yen	%	%	%
      March 31, 2026	106.69	-	5.6	3.4	5.0
      March 31, 2025	59.95	-	3.3	2.0	2.8

      Reference: Share of profit (loss) of entities accounted for using equity method

      For the fiscal year ended March 31, 2026:	¥	(320) million
      For the fiscal year ended March 31, 2025:	¥	(268) million

   2. Consolidated financial position

      	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
      As of	Millions of yen	Millions of yen	%	Yen
      March 31, 2026	134,518	84,266	61.4	1,976.68
      March 31, 2025	128,538	78,226	59.6	1,834.61

      Reference: Equity

      As of March 31, 2026:	¥	82,604 million
      As of March 31, 2025:	¥	76,564 million

      (3) Consolidated cash flows
      	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
      Fiscal year ended	Millions of yen	Millions of yen	Millions of yen	Millions of yen
      March 31, 2026	7,779	(2,379)	(2,010)	30,586
      March 31, 2025	5,299	(3,809)	275	26,901

2. Cash dividends

   	Annual dividends per share					Total cash dividends (Total)	Payout ratio (Consolidated)	Ratio of dividends to net assets (Consolidated)
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
   Fiscal year ended	-	6.00	-	7.00	13.00	542	21.7	0.7
   March 31, 2025
   Fiscal year ended	-	8.00	-	25.00	33.00	1,379	30.9	1.7
   March 31, 2026
   Fiscal year ending March 31, 2027 (Forecast)	-	8.00	-	12.00	20.00		30.9

3. Consolidated financial result forecasts for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 2027)

(Percentages indicate year-on-year changes.)

1. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares)

(iii) Average number of shares outstanding during the period

1. Non-consolidated operating results (Percentages indicate year-on-year changes.)

   	Net sales		Operating profit		Ordinary profit		Profit
   Fiscal year ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
   March 31, 2026	7,058	0.8	635	31.3	588	23.9	877	(43.1)
   March 31, 2025	7,005	5.6	484	262.2	475	158.9	1,542	184.1

   	Basic earnings per share	Diluted earnings per share
   Fiscal year ended	Yen	Yen
   March 31, 2026	21.00	-
   March 31, 2025	36.94	-

2. Non-consolidated financial position

Reference: Equity

• Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.

• Explanation concerning the appropriate use of forecasts and other special instructions (Caution regarding forward-looking statements, etc.)

Results forecasts and other forward-looking statements contained in this report are based on the assumptions, beliefs, and uncertainties in light of information available to the Company's management as of the publication date and do not represent promises by the Company or its management that these performance figures will be attained. Actual results may differ materially from forecasts due to a variety of factors.

Consolidated Financial Statements and Primary Notes

1. Consolidated Balance Sheet

   		(Millions of yen)
   As of March 31, 2025		As of March 31, 2026
   Assets
   Current assets
   Cash and deposits	21,879	21,979
   Notes and accounts receivable - trade, and contract assets	16,034	16,581
   Securities	5,199	13,201
   Inventories	1,819	1,741
   Income taxes refund receivable	158	84
   Other	4,437	3,105
   Allowance for doubtful accounts	(1)	(4)
   Total current assets	49,526	56,689
   Non-current assets
   Property, plant and equipment
   Buildings and structures	37,186	38,496
   Accumulated depreciation	(18,480)	(19,742)
   Buildings and structures, net	18,706	18,753
   Machinery, equipment and vehicles	25,043	25,404
   Accumulated depreciation	(17,777)	(18,608)
   Machinery, equipment and vehicles, net	7,265	6,795
   Tools, furniture and fixtures	2,088	2,426
   Accumulated depreciation	(1,538)	(1,737)
   Tools, furniture and fixtures, net	550	688
   Land	16,771	14,510
   Leased assets	161	142
   Accumulated depreciation	(134)	(119)
   Leased assets, net	26	23
   Construction in progress	82	125
   Total property, plant and equipment	43,403	40,896
   Intangible assets
   Software	1,264	956
   Software in progress	69	-
   Goodwill	618	385
   Other	138	140
   Total intangible assets	2,091	1,482
   Investments and other assets
   Investment securities	17,354	18,107
   Long-term loans receivable	18	23
   Long-term prepaid expenses	4,802	5,295
   Retirement benefit asset	5,593	7,508
   Deferred tax assets	2,411	1,474
   Other	3,316	3,040
   Allowance for doubtful accounts	(14)	(23)
   Total investments and other assets	33,483	35,426
   Total non-current assets	78,978	77,804
   Deferred assets
   Bond issuance costs	33	24
   Total deferred assets	33	24
   Total assets	128,538	134,518

   		(Millions of yen)
   As of March 31, 2025		As of March 31, 2026
   Liabilities
   Current liabilities
   Short-term borrowings	50	50
   Current portion of long-term borrowings	511	1,827
   Lease liabilities	7	3
   Accounts payable - other	10,118	9,758
   Accrued expenses	2,569	3,123
   Income taxes payable	292	2,346
   Provision for bonuses for directors (and other officers)	71	160
   Provision for dismantling costs	-	245
   Other	6,877	5,855
   Total current liabilities	20,498	23,370
   Non-current liabilities
   Long-term borrowings	4,658	1,924
   Bonds payable	10,000	10,000
   Lease liabilities	24	23
   Retirement benefit liability	6,067	5,675
   Asset retirement obligations	1,438	1,562
   Long-term guarantee deposits	6,400	6,404
   Deferred tax liabilities	180	286
   Other	1,043	1,004
   Total non-current liabilities	29,813	26,880
   Total liabilities	50,312	50,251
   Net assets
   Shareholders' equity
   Share capital	5,299	5,299
   Capital surplus	6,026	6,032
   Retained earnings	55,765	59,870
   Treasury shares	(57)	(24)
   Total shareholders' equity	67,033	71,178
   Accumulated other comprehensive income
   Valuation difference on available-for-sale securities	3,461	4,733
   Remeasurements of defined benefit plans	6,069	6,693
   Total accumulated other comprehensive income	9,531	11,426
   Non-controlling interests	1,662	1,662
   Total net assets	78,226	84,266
   Total liabilities and net assets	128,538	134,518

2. Consolidated Statements of Income and Comprehensive Income

   Consolidated Statement of Income

   		(Millions of yen)
   For the fiscal year ended March 31, 2025		For the fiscal year ended March 31, 2026
   Net sales	91,923	95,998
   Cost of sales	61,759	63,485
   Gross profit	30,164	32,513
   Selling, general and administrative expenses	27,572	27,750
   Operating profit	2,591	4,763
   Non-operating income
   Interest and dividend income	259	303
   Derivative income	62	10
   Other	142	164
   Total non-operating income	464	478
   Non-operating expenses
   Interest expenses	87	111
   Share of loss of entities accounted for using equity method	268	320
   Loss on disposal of non-current assets	34	13
   Provision of allowance for doubtful accounts	4	-
   Loss on investments in investment partnerships	89	263
   Other	64	117
   Total non-operating expenses	549	825
   Ordinary profit	2,506	4,415
   Extraordinary income
   Gain on sale of non-current assets	-	2,435
   Gain on sale of investment securities	1,303	394
   Gain on forgiveness of debts	22	-
   Gain on change in equity	-	46
   Gain on sale of businesses	-	720
   Total extraordinary income	1,326	3,596
   Extraordinary losses
   Impairment losses	187	170
   Loss on sale of investment securities	-	41
   Loss on venue closing	-	43
   Expenses related to relocation of subsidiaries	-	535
   Loss on liquidation of subsidiaries	120	53
   Total extraordinary losses	307	844
   Profit before income taxes	3,525	7,167
   Income taxes - current	460	2,412
   Income taxes - deferred	615	287
   Total income taxes	1,076	2,699
   Profit	2,449	4,468
   Profit (loss) attributable to non-controlling interests	(52)	11
   Profit attributable to owners of parent	2,502	4,456

   Consolidated Statement of Comprehensive Income

   		(Millions of yen)
   For the fiscal year ended March 31, 2025		For the fiscal year ended March 31, 2026
   Profit	2,449	4,468
   Other comprehensive income
   Valuation difference on available-for-sale securities	(62)	1,278
   Foreign currency translation adjustment	83	-
   Remeasurements of defined benefit plans, net of tax	1,615	624
   Share of other comprehensive income of entities accounted for using equity method	(100)	(7)
   Total other comprehensive income	1,535	1,895
   Comprehensive income	3,985	6,364
   Comprehensive income attributable to
   Comprehensive income attributable to owners of parent	4,039	6,352
   Comprehensive income attributable to non-controlling interests	(53)	11

3. Consolidated Statement of Changes in Equity

   For the fiscal year ended March 31, 2025

   (Millions of yen)

   	Shareholders' equity
   	Share capital	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
   Balance at beginning of period	5,299	6,000	53,764	(36)	65,028
   Changes during period
   Dividends of surplus			(501)		(501)
   Profit attributable to owners of parent			2,502		2,502
   Purchase of treasury shares				(66)	(66)
   Disposal of treasury shares		2		44	46
   Change in ownership interest of parent due to transactions with non-controlling interests		23			23
   Change in scope of consolidation					-
   Net changes in items other than shareholders' equity					-
   Total changes during period	-	25	2,001	(21)	2,005
   Balance at end of period	5,299	6,026	55,765	(57)	67,033

   	Accumulated other comprehensive income				Share acquisition rights	Non-controlling interests	Total net assets
   	Valuation difference on available-for-sale securities	Foreign currency translation adjustment	Remeasurements of defined benefit plans	Total accumulated other comprehensive income
   Balance at beginning of period	3,623	(83)	4,453	7,994	8	3,121	76,153
   Changes during period
   Dividends of surplus				-			(501)
   Profit attributable to owners of parent				-			2,502
   Purchase of treasury shares				-			(66)
   Disposal of treasury shares				-			46
   Change in ownership interest of parent due to transactions with non-controlling interests				-			23
   Change in scope of consolidation							-
   Net changes in items other than shareholders' equity	(161)	83	1,615	1,536	(8)	(1,459)	68
   Total changes during period	(161)	83	1,615	1,536	(8)	(1,459)	2,073
   Balance at end of period	3,461	-	6,069	9,531	-	1,662	78,226

   For the fiscal year ended March 31, 2026

   (Millions of yen)

   	Shareholders' equity
   	Share capital	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
   Balance at beginning of period	5,299	6,026	55,765	(57)	67,033
   Changes during period
   Dividends of surplus			(626)		(626)
   Profit attributable to owners of parent			4,456		4,456
   Purchase of treasury shares					-
   Disposal of treasury shares		5		33	38
   Change in ownership interest of parent due to transactions with non-controlling interests					-
   Change in scope of consolidation			275		275
   Net changes in items other than shareholders' equity					-
   Total changes during period	-	5	4,105	33	4,144
   Balance at end of period	5,299	6,032	59,870	(24)	71,178

   	Accumulated other comprehensive income				Share acquisition rights	Non-controlling interests	Total net assets
   	Valuation difference on available-for-sale securities	Foreign currency translation adjustment	Remeasurements of defined benefit plans	Total accumulated other comprehensive income
   Balance at beginning of period	3,461	-	6,069	9,531	-	1,662	78,226
   Changes during period
   Dividends of surplus				-			(626)
   Profit attributable to owners of parent				-			4,456
   Purchase of treasury shares				-			-
   Disposal of treasury shares				-			38
   Change in ownership interest of parent due to transactions with non-controlling interests				-			-
   Change in scope of consolidation							275
   Net changes in items other than shareholders' equity	1,271	-	624	1,895	-	0	1,895
   Total changes during period	1,271	-	624	1,895	-	0	6,040
   Balance at end of period	4,733	-	6,693	11,426	-	1,662	84,266

4. Consolidated Statement of Cash Flows

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