Three Months Ended March 31, 2026
Supplementary Materials for Financial ResultsMay 11, 2026
Executive Summary
Market Condition
Demand for renewal and development of water infrastructure facilities due to their aging, as well as for disaster prevention
and mitigation, remains strong
Demand remains strong in the private sector due to facility renewal of domestic plants
Demand related to semiconductors picked up
Financial Highlights for Q1Both net sales and operating profit increased on the back of the high-level orders backlog
Orders received increased significantly in Manufacturing business due to an order received for a large project for marine product seed production facilities (worth 2.7 bn yen)
No change in business plan
Expect both net sales (44.0 bn yen) and operating profit (6.3 bn yen) to renew respective highs for the fourth consecutive year
At present, the business plan does not include any impact from the Middle East situation
Market
Condition
Demand for renewal and development of water infrastructure facilities due to their aging, as well as for disaster prevention and
mitigation, remains strong
Demand remains strong in the private sector due to facility renewal of domestic plants
Demand related to semiconductors picked up
*All comparisons are year-on-year
14.81bn yen
（0.31bn yen / 2.1% ）
5.41bn yen
（0.56bn yen /
Net sales in Trading business increased considerably
Net Sales
Net sales in Manufacturing business remained flat while those in Engineering business decreased
Gross Profit
Gross profit increased in Engineering and
Trading businesses
Gross profit remained flat in Manufacturing business
Orders Received
11.45bn yen
（3.30bn yen / 40.5% ）
Orders Backlog
32.77bn yen
（5.38bn yen / 19.6% ）
Orders received increased significantly due to an order received for a large project in Manufacturing business
Orders received decreased in Engineering
business but increased in Trading business
Orders backlog increased substantially in Manufacturing business partly due to the order received for the large project
Orders backlog in Engineering business increased while that in Trading business
11.6% ）
Ordinary Profit
Operating Profit
An increase in gross profit exceeded an
increase in SG&A expenses, mainly personnel
decreased
Profit
3.48bn yen
（0.47bn yen /15.9% ）
expenses
3.51bn yen（0.46bn yen / 15.3% ）
2.43bn yen（0.31bn yen / 14.8% ）
Q1 Performance(Unit: mn yen) Net Sales | FY2024 Q1 | FY2025 Q1 | FY2026 Q1 | Year-on-Year | ||||
13,762 | Ratio (%) | 14,504 | Ratio (%) | 14,814 | Ratio (%) | Change (%) + 2.1 | Change + 310 | |
100.0 | 100.0 | 100.0 | ||||||
Gross Profit | 4,649 | 33.8 | 4,854 | 33.5 | 5,419 | 36.6 | +11.6 | +565 |
SG&A Expenses | 1,803 | 13.1 | 1,852 | 12.7 | 1,939 | 13.1 | +4.7 | +87 |
Operating Profit | 2,846 | 20.6 | 3,002 | 20.7 | 3,480 | 23.5 | +15.9 | +478 |
Ordinary Profit | 2,899 | 21.0 | 3,050 | 21.0 | 3,518 | 23.7 | +15.3 | +468 |
Profit | 2,005 | 14.6 | 2,118 | 14.5 | 2,433 | 16.4 | +14.8 | +315 |
Orders Received | 10,065 | - | 8,153 | - | 11,458 | - | +40.5 | +3,305 |
Orders Backlog | 27,723 | - | 27,399 | - | 32,779 | - | +19.6 | +5,380 |
(Unit: mn yen) | FY2024 Q1 | FY2025 Q1 | FY2026 Q1 | Year-on-Year | ||
Change (%) | Change | |||||
Manufacturing | Orders Received | 1,996 | 1,173 | 4,482 | + 281.9 | + 3,309 |
Net Sales | 2,160 | 2,276 | 2,244 | - 1.4 | - 32 | |
Gross Profit | 902 | 1,005 | 1,011 | + 0.6 | + 6 | |
Engineering | Orders Received | 5,150 | 3,919 | 3,757 | - 4.1 | - 162 |
Net Sales | 7,724 | 9,131 | 8,573 | - 6.1 | - 558 | |
Gross Profit | 2,732 | 2,930 | 3,170 | + 8.2 | + 240 | |
Trading | Orders Received | 2,917 | 3,060 | 3,218 | + 5.2 | + 158 |
Net Sales | 3,877 | 3,096 | 3,997 | + 29.1 | + 901 | |
Gross Profit | 1,014 | 918 | 1,237 | + 34.8 | + 319 | |
Field | FY2024 Q1 | FY2025 Q1 | FY2026 Q1 | Change | Change factors |
Measuring | 247 | 337 | 421 | + 84 |
|
Energy-saving/ creating | 346 | 152 | 175 | + 23 | |
Deodorizing | 485 | 176 | 248 | + 72 | |
Water treatment plants | 850 | 389 | 3,219 | + 2,830 | |
Medical | 67 | 117 | 415 | +298 |
Field | FY2024 Q1 | FY2025 Q1 | FY2026 Q1 | Change | Change factors | ||
- 0.03bn yen (- 1.4%) 2,160 2,276 2,244 FY2024 FY2025 FY2026 1Q 1Q 1Q | Measuring | 448 | 434 | 456 | + 22 |
| |
Energy-saving/ creating | 242 | 207 | 190 | - 17 | |||
Deodorizing | 582 | 632 | 866 | + 234 | |||
Water treatment plants | 824 | 798 | 660 | - 138 | |||
Medical | 63 | 204 | 70 | - 134 | |||
6
© EBARA JITSUGYO CO.,LTD.
Gross Profit Margin
FY2026 1Q
FY2024 FY2025 1Q 1Q
1,011
+ 0.00bn yen
(+ 0.6%)
Gross profit remained flat and gross profit margin increased only slightly
45.1%
44.2%
41.8%
902
1,005
Q1 Results by Segment (Year-on-Year)
Manufacturing
(Unit: mn yen)
+ 3.30bn yen
(+ 281.9%)
FY2024 FY2025 FY2026 1Q 1Q 1Q
4,482
1,173
1,996
Gross Profit
Net Sales
Orders Received
Orders Received
Orders Received
(Unit: mn yen)
Trading
(Unit: mn yen)
- 0.16bn yen
(- 4.1%)
Orders received
decreased slightly year-on-year despite the continued market condition
FY2024 FY2025 FY2026 1Q 1Q 1Q
3,757
3,919
5,150
+ 0.15bn yen
(＋ 5.2%)
Orders received
increased on the back of strong domestic demand for capital investment (in the manufacturing and other industries)
FY2024 FY2025 FY2026
1Q 1Q 1Q
3,060
2,917
3,218
- 0.55bn yen
(- 6.1%)
Sales were recorded as
planned on the back of the orders backlog, but declined year-on-year
FY2024 FY2025 FY2026 1Q 1Q 1Q
7,724
8,573
9,131
+ 0.90bn yen
(＋ 29.1%)
Net sales increased on
the back of strong domestic demand for capital investment (in the manufacturing and other industries)
FY2024 FY2025 FY2026 1Q 1Q 1Q
3,096
3,877
3,997
Gross Profit Margin
1Q
1Q
FY2025 FY2026
FY2024 1Q
decrease in net sales
3,170
2,930
2,732
37.0% ⚫ Gross profit increased
due to a rise in gross
profit margin despite a
32.1%
+ 0.24bn yen
(+ 8.2%)
35.4%
Gross Profit Margin
FY2026 1Q
FY2024 FY2025 1Q 1Q
Gross profit increased
with profit margin secured at the same level as the previous year
1,237
918
1,014
29.7% 30.9%
26.2%
+ 0.31bn yen
(＋ 34.8%)
Gross Profit
Gross Profit
Net Sales
Net Sales
© EBARA JITSUGYO CO.,LTD. 7
Trends in Net Sales, Gross Profit, Orders Received, and Orders Backlog
|
| (Unit: mn yen) | |||||||||
Trend in Net Sales | Trend in Orders Received | ||||||||||
11,754 2,034 6,949 | 13,390 2,568 6,991 | 13,762 2,160 7,724 | 14,504 2,276 9,131 | 14,814 2,244 8,573 | 6,799 1,745 2,079 | 7,063 1,807 2,795 | 10,065 1,996 5,150 | 8,153 1,173 3,919 | 11,458 4,482 3,757 | ||
2,770 | 3,830 | 3,877 | 3,096 | 3,997 | 2,975 | 2,461 | 2,917 | 3,060 | 3,218 | ||
FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | ||
1Q | 1Q | 1Q | 1Q | 1Q | 1Q | 1Q | 1Q | 1Q | 1Q | ||
3,948 893 2,294 | Trend in Gross Profit 4,188 4,649 4,854 902 1,005 1,122 2,140 2,732 2,930 | 5,419 1,011 3,170 | 19,881 2,883 11,574 | Trend in Orders Backlog 27,723 27,399 22,924 3,948 3,641 3,750 18,975 17,964 | 32,779 6,993 20,268 | ||||||
761 | 925 | 1,014 | 918 | 1,237 | 5,423 | 4,985 | 4,799 | 5,793 | 5,517 | ||
FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | ||
1Q | 1Q | 1Q | 1Q | 1Q | 1Q | 1Q | 1Q | 1Q | 1Q | ||
© EBARA JITSUGYO CO.,LTD. | 8 | ||||||||||
No change in business plan
Market conditions remain strong in both the public and private sectors, and we recognize that the favorable market conditions will continue in the future
Net sales are expected to increase on the back of the high-level orders backlog (up 2.3 bn yen from the previous period)
Plan to increase orders received and net sales, especially in disaster prevention and mitigation, storage batteries, and fisheries, which are focus areas that will drive business growth
Plan to increase SG&A expenses in response to rising labor costs and higher R&D expenses stemming from active development investment
At present, the business plan does not include any impact from the Middle East situation
(Unit: mn yen) Net Sales | FY2024 Results | FY2025 Results | FY2026 Plan | Year-on-Year | ||||
37,503 | Ratio (％) | 41,211 | Ratio (％) | 44,000 | Ratio (％) | Change (％) | Change | |
100.0 | 100.0 | 100.0 | + 6.8 | + 2,789 | ||||
Gross Profit | 11,727 | 31.3 | 13,927 | 33.8 | 14,200 | 32.3 | + 2.0 | + 273 |
SG&A Expenses | 7,475 | 19.9 | 7,806 | 18.9 | 7,900 | 18.0 | + 1.2 | + 94 |
Operating Profit | 4,251 | 11.3 | 6,121 | 14.9 | 6,300 | 14.3 | + 2.9 | + 179 |
Ordinary Profit | 4,443 | 11.8 | 6,316 | 15.3 | 6,500 | 14.8 | + 2.9 | + 184 |
Profit | 3,157 | 8.4 | 4,384 | 10.6 | 4,500 | 10.2 | + 2.6 | + 116 |
Orders Received | 39,833 | - | 43,598 | - | 46,000 | - | + 5.5 | + 2,402 |
Orders Backlog | 33,750 | - | 36,136 | - | 38,136 | - | + 5.5 | + 2,000 |
(Unit: mn yen) | FY2022 Q1 | FY2023 Q1 | FY2024 Q1 | FY2025 Q1 | FY2026 Q1 | |||||||
Result | YoY | Result | YoY | Result | YoY | Result | YoY | Result | YoY | |||
Orders received | Measuring | 514 | +87.6% | 353 | -31.3% | 247 | -30.0% | 337 | +36.2% | 421 | +24.9% | |
Energy-saving/ creating | 90 | -23.1% | 216 | +140.0% | 346 | +60.2% | 152 | -55.9% | 175 | +15.1% | ||
Deodorizing | 250 | +6.8% | 243 | -2.8% | 485 | +99.6% | 176 | -63.6% | 248 | +40.9% | ||
Water treatment plants | 407 | +51.3% | 743 | +82.6% | 850 | +14.4% | 389 | -54.1% | 3,219 | +727.5% | ||
Medical | 484 | -25.3% | 252 | -47.9% | 67 | -73.4% | 117 | +73.8% | 415 | +254.7% | ||
Manufacturing | 1,745 | +13.2% | 1,807 | +3.6% | 1,996 | +10.5% | 1,173 | -41.2% | 4,482 | +281.9% | ||
Engineering | 2,079 | -51.2% | 2,795 | +34.4% | 5,150 | +84.3% | 3,919 | -23.9% | 3,757 | -4.1% | ||
Trading | 2,975 | +13.5% | 2,461 | -17.3% | 2,917 | +18.5% | 3,060 | +4.9% | 3,218 | +5.2% | ||
Total | 6,799 | -19.3% | 7,063 | +3.9% | 10,065 | +42.5% | 8,153 | -19.0% | 11,458 | + 40.5% | ||
Net sales | Measuring | 455 | +3.2% | 451 | -0.9% | 448 | -0.7% | 434 | -3.1% | 456 | +5.1% | |
Energy-saving/ creating | 124 | +13.8% | 268 | +116.1% | 242 | -9.7% | 207 | -14.2% | 190 | -8.2% | ||
Deodorizing | 508 | -8.5% | 582 | +14.6% | 582 | +0.0% | 632 | +8.5% | 866 | +37.0% | ||
Water treatment plants | 540 | -43.9% | 878 | +62.6% | 824 | -6.2% | 798 | -3.1% | 660 | -17.3% | ||
Medical | 407 | -82.3% | 389 | -4.4% | 63 | -83.8% | 204 | +220.5% | 70 | -65.7% | ||
Manufacturing | 2,034 | -53.4% | 2,568 | +26.2% | 2,160 | -15.9% | 2,276 | +5.4% | 2,244 | -1.4% | ||
Engineering | 6,949 | -6.3% | 6,991 | +0.6% | 7,724 | +10.5% | 9,131 | +18.2% | 8,573 | -6.1% | ||
Trading | 2,770 | -5.7% | 3,830 | +38.2% | 3,877 | +1.2% | 3,096 | -20.2% | 3,997 | +29.1% | ||
Total | 11,754 | -20.2% | 13,390 | +13.9% | 13,762 | +2.8% | 14,504 | +5.4% | 14,814 | +2.1% | ||
Gross profit | Manufacturing | 893 | -53.0% | 1,122 | +25.6% | 902 | -19.6% | 1,005 | +11.4% | 1,011 | +0.6% | |
Engineering | 2,294 | -2.7% | 2,140 | -6.7% | 2,732 | +27.7% | 2,930 | +7.3% | 3,170 | +8.2% | ||
Trading | 761 | -3.4% | 925 | +21.6% | 1,014 | +9.6% | 918 | -9.5% | 1,237 | +34.8% | ||
Total | 3,948 | -21.8% | 4,188 | +6.1% | 4,649 | +11.0% | 4,854 | +4.4% | 5,419 | +11.6% | ||
Selling, general and administrative expenses | 1,613 | +7.3% | 1,710 | +6.0% | 1,803 | +5.4% | 1,852 | +2.7% | 1,939 | +4.7% | ||
Operating profit | 2,334 | -34.1% | 2,478 | +6.2% | 2,846 | +14.8% | 3,002 | +5.5% | 3,480 | +15.9% | ||
Non-operating profit | 55 | 51 | 69 | 67 | 80 | |||||||
Non-operating expenses | 18 | 38 | 16 | 18 | 42 | |||||||
Ordinary profit | 2,372 | -33.7% | 2,492 | +5.0% | 2,899 | +16.3% | 3,050 | 5.2% | 3,518 | +15.3% | ||
Extraordinary income | 140 | - | - | 1 | - | |||||||
Extraordinary losses | 11 | - | - | 0 | 2 | |||||||
Profit before income taxes | 2,501 | -35.7% | 2,492 | -0.4% | 2,899 | +16.3% | 3,052 | +5.3% | 3,515 | +15.2% | ||
Profit | 1,733 | -36.0% | 1,723 | -0.6% | 2,005 | +16.4% | 2,118 | +5.6% | 2,433 | +14.8% | ||
(Unit: mn yen) | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | |||||||
Result | YoY | Result | YoY | Result | YoY | Result | YoY | Plan | YoY | |||
Orders received | Measuring | 1,908 | +11.1% | 1,682 | -11.8% | 1,289 | -23.4% | 2,060 | +59.8% | 2,100 | +1.9% | |
Energy-saving/ creating | 1,120 | +51.6% | 1,018 | -9.1% | 922 | -9.4% | 851 | -7.7% | 900 | +5.8% | ||
Deodorizing | 1,264 | +5.6% | 1,622 | +28.3% | 1,908 | +17.6% | 1,464 | -23.3% | 1,500 | +2.5% | ||
Water treatment plants | 2,228 | +5.6% | 2,328 | +4.5% | 3,281 | +40.9% | 2,797 | -14.8% | 5,500 | +96.6% | ||
Medical | 1,106 | -25.1% | 605 | -45.3% | 343 | -43.3% | 343 | 0.0% | 500 | +45.8% | ||
Manufacturing | 7,626 | +5.3% | 7,255 | -4.9% | 7,743 | +6.7% | 7,517 | -2.9% | 10,500 | +39.7% | ||
Engineering | 16,349 | -6.2% | 20,835 | +27.4% | 20,500 | -1.6% | 24,358 | +18.8% | 23,000 | -5.6% | ||
Trading | 10,667 | +3.2% | 10,360 | -2.9% | 11,589 | +11.9% | 11,721 | +1.1% | 12,500 | +6.6% | ||
Total | 34,643 | -1.1% | 38,452 | +11.0% | 39,833 | +3.6% | 43,598 | +9.5% | 46,000 | +5.5% | ||
Net sales | Measuring | 1,350 | -10.8% | 1,792 | +32.7% | 1,693 | -5.5% | 1,694 | +0.1% | 2,000 | +18.1% | |
Energy-saving/ creating | 637 | +8.0% | 1,503 | +135.9% | 1,005 | -33.1% | 840 | -16.4% | 900 | +7.1% | ||
Deodorizing | 1,252 | +22.4% | 1,403 | +12.1% | 1,350 | -3.7% | 1,646 | +21.9% | 1,500 | -8.9% | ||
Water treatment plants | 2,060 | +1.3% | 2,251 | +9.3% | 2,676 | +18.9% | 2,904 | +8.5% | 3,200 | +10.2% | ||
Medical | 989 | -70.9% | 705 | -28.7% | 385 | -45.4% | 421 | +9.4% | 500 | +18.8% | ||
Manufacturing | 6,288 | -26.6% | 7,654 | +21.7% | 7,111 | -7.1% | 7,506 | +5.6% | 8,100 | +7.9% | ||
Engineering | 14,408 | -1.9% | 17,671 | +22.6% | 18,872 | +6.8% | 22,450 | +19.0% | 23,600 | +5.1% | ||
Trading | 9,532 | +3.2% | 10,954 | +14.9% | 11,520 | +5.2% | 11,254 | -2.3% | 12,300 | +9.3% | ||
Total | 30,229 | -6.9% | 36,280 | +20.0% | 37,503 | +3.4% | 41,211 | +9.9% | 44,000 | +6.8% | ||
Gross profit | Manufacturing | 2,580 | -32.2% | 3,260 | +26.4% | 2,871 | -11.9% | 3,119 | +8.7% | 3,250 | +4.2% | |
Engineering | 4,234 | -3.8% | 5,201 | +22.8% | 5,682 | +9.3% | 7,532 | +32.6% | 7,600 | +0.9% | ||
Trading | 2,467 | +8.1% | 2,680 | +8.6% | 3,173 | +18.4% | 3,274 | +3.2% | 3,350 | +2.3% | ||
Total | 9,282 | -11.5% | 11,142 | +20.0% | 11,727 | +5.2% | 13,927 | +18.8% | 14,200 | +2.0% | ||
Selling, general and administrative expenses | 6,525 | +0.3% | 7,117 | +9.1% | 7,475 | +5.0% | 7,806 | +4.4% | 7,900 | +1.2% | ||
Operating profit | 2,756 | -30.8% | 4,025 | +46.0% | 4,251 | +5.6% | 6,121 | +44.0% | 6,300 | +2.9% | ||
Non-operating profit | 241 | 241 | 255 | 287 | 300 | |||||||
Non-operating expenses | 68 | 103 | 63 | 92 | 100 | |||||||
Ordinary profit | 2,929 | -28.7% | 4,164 | +42.1% | 4,443 | +6.7% | 6,316 | +42.2% | 6,500 | +2.9% | ||
Extraordinary income | 140 | 201 | 116 | 103 | - | |||||||
Extraordinary losses | 21 | 0 | 20 | 258 | - | |||||||
Profit before income taxes | 3,048 | -30.6% | 4,365 | +43.2% | 4,539 | +4.0% | 6,161 | +35.7% | 6,500 | +5.5% | ||
Profit | 2,169 | +31.3% | 3,141 | +44.8% | 3,157 | +0.5% | 4,384 | +38.8% | 4,500 | +2.6% | ||
This presentation contains descriptions about our future performance. These descriptions do not warranty future performance and entail risks and uncertainties. Please note that future performance can differ from the forecast values due to factors such as changes in the management environment. The purpose of this presentation is only to provide information and not to solicit business deals.
This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.