Summary of Consolidated Financial Results for the Three Months Ended June 30, 2025

August 7, 2025

Company name: ASANUMA CORPORATION Listing: Tokyo Stock Exchange Securities code: 1852

URL: https://www.asanuma.co.jp

Representative: Makoto Asanuma, Representative Director, President & C.E.O

Inquiries: Marika Asanuma, Executive Officer, General Manager of Corporate Communications Division

Telephone: +81-6-6585-5500

Scheduled date to commence dividend payments: －

Preparation of supplementary material on financial results: Yes Holding of financial results briefing: None

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

1. Consolidated financial results for the Three months ended June 30, 2025 (from April 1, 2025 to June 30, 2025)
   1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Three months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      June 30, 2025	42,707	32.7	1,112	105.5	1,085	56.6	712	97.5
      June 30, 2024	32,189	6.7	541	-	693	568.3	360	-

      Note: Comprehensive income For the three months ended June 30, 2025: ¥602 million [ 59.7% ]

      For the three months ended June 30, 2024: ¥376 million [ (32.5%) ]

      	Basic earnings per share	Diluted earnings per share
      Three months ended	Yen	Yen
      June 30, 2025	8.84	-
      June 30, 2024	4.47	-

   2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio
   As of	Millions of yen	Millions of yen	%
   June 30, 2025	105,233	44,622	42.0
   March 31, 2025	115,240	46,138	39.7

   Reference: Equity

   As of June 30, 2025: ¥44,225 million

   As of March 31,2025: ¥45,708 million

2. Cash dividends

   	Annual dividends per share
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen	Yen	Yen	Yen	Yen
   Fiscal year ended March 31, 2025	-	15.00	-	26.00	41.00
   Fiscal year ending March 31, 2026	-
   Fiscal year ending March 31, 2026 (Forecast)		16.00	-	25.50	41.50

   Note: Revisions to the forecast of cash dividends most recently announced: None

3. Forecast of consolidated financial results for the year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

Percentage indicate year-on-year changes

Note: Revisions to financial forecast for the current quarter：None

1. Significant changes in the scope of consolidation during the period: None Newly included: －

   Excluded: －

2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:

   None

3. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

4. Number of issued shares (common shares)

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

      As of June 30, 2025	80,786,290 shares
      As of March 31, 2025	80,786,290 shares

   2. Number of treasury shares at the end of the period

      As of June 30, 2025	177,705 shares
      As of March 31, 2025	177,635 shares

   3. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

• Review of the accompanying quarterly consolidated financial statements by a certified public accountant or auditing firm: None

• Proper use of earnings forecasts, and other special matters

The above forecasts are based on information available at the time of publication of this document. Actual results may differ from the forecast figures due to various factors in the future. For assumptions underlying the forecasts.

〇Table of contents of the attached documents

- 1 -

１．Quarterly Consolidated Finance Statements

（１）Quarterly Consolidated Balance Sheet

Assets

(Millions of yen) As of March 31, 2025 As of June 30, 2025

Current assets

Cash and deposits 16,833 13,846 Notes receivable, accounts receivable

from completed construction contracts and other

Costs on construction contracts in progress

73,588 68,016

1,900 1,939

Other inventories 74 81

Accounts receivable - other 4,632 3,112

Other 823 1,322

Allowance for doubtful accounts (188) (304)

Total current assets 97,664 88,015 Non-current assets

Property, plant and equipment 4,874 4,850

Intangible assets

Goodwill 853 767

Other 1,850 1,699

Total intangible assets 2,703 2,467 Investments and other assets

Investment securities 6,277 6,556

Retirement benefit asset 1,708 1,711

Other 3,041 2,662

Allowance for doubtful accounts (1,029) (1,029)

Total investments and other assets 9,997 9,900

Total non-current assets 17,576 17,218

Total assets 115,240 105,233

Liabilities

Current liabilities

Accounts payable for construction contracts

20,885 17,115

Short-term borrowings 8,310 4,000

Current portion of long-term borrowings 1,036 1,040

Current portion of bonds payable 600 600

Accounts payable - other 220 525

Income taxes payable 2,044 372

Advances received on construction contracts in progress

Provision for warranties for completed construction

Provision for loss on construction contracts

8,569 8,586

717 780

75 70

Suspense receipt of consumption taxes 7,184 7,694

Other 3,243 3,764

Total current liabilities 52,885 44,548 Non-current liabilities

Bonds payable 390 390

Long-term borrowings 11,221 11,145

Retirement benefit liability 4,198 4,111

Other 405 413

Total non-current liabilities 16,216 16,061

Total liabilities 69,102 60,610

(Millions of yen) As of March 31, 2025 As of June 30, 2025

Accumulated other comprehensive income

Valuation difference on available-for-

sale securities

2,029

2,218

Foreign currency translation adjustment 1,348 1,011

Remeasurements of defined benefit plans (81) (35)

Total accumulated other comprehensive

income

3,296 3,194

（２）Quarterly Consolidated Statement of Income and Comprehensive income Consolidated Statement of Income

(Millions of yen)

Three months ended June 30, 2024

Three months ended June 30, 2025

Net sales

Net sales of completed construction contracts

31,464 41,935

Sales in other businesses 725 771

Total net sales 32,189 42,707

Cost of sales

Cost of sales of completed construction contracts

28,732 38,169

Cost of sales in other businesses 564 532

Total cost of sales 29,297 38,701 Gross profit

Gross profit on completed construction

contracts

2,732 3,766

Gross profit - other business 160 238

Total gross profit 2,892 4,005

Selling, general and administrative expenses 2,351 2,893

Operating profit 541 1,112

Non-operating income

Interest income 22 23

Dividend income 41 47

Foreign exchange gains 105 12

Share of profit of entities accounted for 0 0

using equity method

Other 48 20

Total non-operating income 218 103

Non-operating expenses

Interest expenses 36 84

Commission expenses 13 13

Guarantee commission 14 17

Provision of allowance for doubtful accounts － 13

Other 0 1

Total non-operating expenses 66 130

Ordinary profit 693 1,085

Extraordinary income

Gain on sale of non-current assets 0 0

Other 0 0

Total extraordinary income 0 0

Extraordinary losses

Loss on sale of non-current assets － 0

Loss on retirement of non-current assets － 0

Total extraordinary losses － 0

Profit before income taxes 694 1,085

Income taxes - current 83 86

Income taxes - deferred 206 283

Total income taxes 290 370

Profit 403 715

Profit attributable to non-controlling

interests 43 3

Profit attributable to owners of parent 360 712

Consolidated Statement of Comprehensive Income

(Millions of yen)

Three months ended June 30, 2024

Three months ended June 30, 2025

Profit 403 715

Other comprehensive income

Valuation difference on available-for-sale

securities

(286)

189

Foreign currency translation adjustment 287 (348)

Remeasurements of defined benefit plans, net

of tax

(27)

46

Comprehensive income 376 602

Total other comprehensive income (26) (113)

Comprehensive income attributable to

Comprehensive income attributable to owners

of parent

284

610

Comprehensive income attributable to non-

controlling interests

92 (8)

（３）Notes to the Quarterly Consolidated Financial Statement (Segment Information)

1. Three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)

   Information on the amount of sales, profit or loss, assets, liabilities and other items by reportable segment, and disaggregated information on earnings

   Millions of Yen

   	Reporting Segments			Others (Note 1)	Sub total	Adjustments	Total (Note 3)
   	Building Construction	Civil Engineering	Total
   Net sales and income
   Authorities	2,705	2,671	5,377	145	5,522	-	5,522
   Private sales	22,573	1,611	24,185	157	24,342	-	24,342
   Overseas	1,614	287	1,902	422	2,324	-	2,324
   Sales to third parties (Note 4)	26,893	4,570	31,464	725	32,189	-	32,189
   Intersegment sales	-	-	-	1	1	(1)	-
   Net sales	26,893	4,570	31,464	726	32,190	(1)	32,189
   Segment income	2,241	490	2,732	85	2,817	(2,276) (Note 2)	541

   (Note)

   １ "Others" is a business segment which is not included in the reporting segments and includes maintenance, real estate and other business

   ２ Adjustments for segment income in the amounts of (2,276) million yen, include eliminations of intersegment transactions of (0) million yen and corporate expenses of (2,275) million yen recorded as selling, general and administrative expenses not attributable to any business segments, respectively.

   ３ The total amount of segment income is adjusted to operating income on the consolidated statement of income.

   ４ Sales to third parties include revenue from contracts with customers and other revenues. Other revenues are not significant.

   ５ Assets, liabilities and others are not allocated to business segments.

2. Three months ended June 30, 2025 (from April 1, 2025 to June 30, 2025)

Information on the amount of sales, profit or loss, assets, liabilities and other items by reportable segment, and disaggregated information on earnings

Millions of Yen

(Note)

１ "Others" is a business segment which is not included in the reporting segments and includes maintenance, real estate and other business

２ Adjustments for segment income in the amounts of (2,723) million yen, include eliminations of intersegment transactions of (0) million yen and corporate expenses of (2,723) million yen recorded as selling, general and administrative expenses not attributable to any business segments, respectively.

３ The total amount of segment income is adjusted to operating income on the consolidated statement of income.

４ Sales to third parties include revenue from contracts with customers and other revenues. Other revenues are not significant.

５ Assets, liabilities and others are not allocated to business segments.

Supplementary Information

1. Overview of quarterly individual orders received

   1. Individual Orders receives (Millions of yen)

      	Orders receives
      For the three months ended June 30, 2025	55,162 7.6%
      For the three months ended June 30, 2024	51,268 26.0

      (Notes) Percentages are year-on-year ratios.

   2. Breakdown of orders receives

      Classification			For the three months ended June 30, 2024		For the three months ended June 30, 2025		Increase/decrease
      			Millions of yen	Composition ratios(%)	Millions of yen	Composition ratios(%)	Millions of yen	Percentage change(%)
      Construction works business	Building Construction	Public	1,595	3.1	6,614	12.0	5,019	314.7
      		Private	48,758	95.1	43,567	79.0	(5,191)	(10.6)
      		Total	50,354	98.2	50,182	91.0	(171)	(0.3)
      	Civil Engineering	Public	186	0.4	1,355	2.4	1,168	626.4
      		Private	728	1.4	3,624	6.6	2,896	397.7
      		Total	914	1.8	4,979	9.0	4,064	444.3
      	Total	Public	1,781	3.5	7,970	14.4	6,188	347.3
      		Private	49,487	96.5	47,192	85.6	(2,295)	(4.6)
      		Total	51,268	100	55,162	100	3,893	7.6

   3. Individual orders forecast

(Notes) Percentages are year-on-year ratios.