Jgc Holdings Corporation TSE:1963

Financial Results[PDF:412.9 KB]

Published

Source: MarketScreener

[Translation] The following statements are an English-language translation of the original Japanese-language document for your reference purpose only. In case that there is any discrepancy between the original Japanese version and this English version, the Japanese version shall prevail. (All financial information has been prepared in accordance with accounting principles generally accepted in Japan.)

February 10, 2026

Consolidated Third Quarter Financial Statements

(For the fiscal year ending March 31, 2026)

Name of listed company: JGC HOLDINGS CORPORATION Stock exchange: Tokyo

Code number: 1963

Representative Tel: 045-682-1111

Title: Representative Director, Chairman, President & Chief Executive Officer (CEO) URL: https://www.jgc.com

Name: Masayuki Sato

Contact

Title: Executive Officer

Name: Shinichi Taguchi

Scheduled Date of Payment of Dividends:-Financial Results Supplement Materials: Yes

Financial Results Presentation Meeting: Yes (for analysts and institutional investors)

Note: All amounts are rounded down to the nearest million yen.

  1. Consolidated financial results for 3Q of ending March 31, 2026 (April 1, 2025 - December 31, 2025)

    1. Consolidated financial results Note: Percentage indicates changes from the previous term.

      Net sales

      Operating profit

      Ordinary profit

      Profit attributable to

      owners of parent

      (Millions of yen)

      (%)

      (Millions of yen)

      (%)

      (Millions of yen)

      (%)

      (Millions of yen)

      (%)

      3Q of ending March 31, 2026

      566,816

      (6.2)

      26,707

      -

      42,685

      -

      29,905

      -

      3Q of ended March 31, 2025

      604,138

      0.5

      (19,207)

      -

      157

      (99.3)

      (3,969)

      -

      Note: Comprehensive income (millions of yen):

      3Q of fiscal year ending March 31, 2026:

      47,819 (-%)

      3Q of fiscal year ended March 31, 2025:

      1,509 ((88.9)%)

      Earnings per share

      Earnings per share (diluted)

      (Yen)

      (Yen)

      3Q of fiscal year ending March 31, 2026

      123.70

      123.61

      3Q of fiscal year ended March 31, 2025

      (16.43)

      -

    2. Consolidated financial position

    Total assets

    Total net assets

    Equity ratio

    (Millions of yen)

    (Millions of yen)

    (%)

    As of December 31, 2025

    830,988

    430,559

    51.6

    As of March 31, 2025

    784,175

    392,260

    49.8

    Reference: Equity (millions of yen): As of December 31, 2025: 428,866 As of March 31, 2025: 390,656

  2. Dividends

    Annual dividends per share (Yen)

    1Q

    term-end

    2Q

    term-end

    3Q

    term-end

    Term-end

    Annual

    Fiscal year ended March 31,

    2025

    -

    -

    -

    40.00

    40.00

    Fiscal year ending March 31,

    2026

    -

    -

    -

    Fiscal year ending March 31,

    2026 (Forecasts)

    40.00

    40.00

    Note: Revision to the latest forecast announcement: None

  3. Earnings forecasts for fiscal year ending March 31, 2026 (April 1, 2025 - March 31, 2026)

    Note: Percentage indicates changes from the previous term.

    Net sales

    Operating profit

    Ordinary profit

    Profit attributable to owners of parent

    Earnings per share

    (Millions of yen)

    (%)

    (Millions of yen)

    (%)

    (Millions of yen)

    (%)

    (Millions of yen)

    (%)

    (Yen)

    Full Year

    740,000

    (13.8)

    31,000

    -

    44,000

    288.7

    30,000

    -

    124.09

    Note: Revision to the latest forecast announcement: Yes

  4. Others

  1. Important changes in scope of consolidation

    (Newly added) None (Excluded) None

  2. Adoption of simplified accounting methods or special accounting methods for preparing quarterly consolidated financial statements: Yes

  3. Changes of accounting principles, procedures and presentation

    1. Changes due to revisions of accounting standards: None

    2. Changes other than the above (a): None

    3. Changes in accounting estimates: None

    4. Restatement: None

  4. Number of shares outstanding

    1. Number of shares outstanding at term-end (including treasury shares):

As of December 31, 2025:

(b) Number of treasury shares at term-end:

259,793,008

As of March 31, 2025:

259,618,792

As of December 31, 2025:

17,941,937

As of March 31, 2025:

17,940,716

(c) Average number of shares outstanding during this period:

3Q of fiscal year ending March 31, 2026:

241,764,169

3Q of fiscal year ended March 31, 2025

241,609,704

  1. Review by a certified public accountant or audit firm of the attached quarterly consolidated financial statements: Yes (optional)

  2. The forecasts given above are based on information available at the time of compilation and are inherently subject to a variety of risks and uncertainties.

Actual results may vary significantly from forecasts due to factors including, but not limited to, changes in the economic or business environment and exchange rate fluctuations. For the assumptions underlying the performance forecasts, please refer to the "Outline of Financial Results 9 M FY2025" disclosed on TDnet today.

  • Attached Contents

１．Overview of Operating Results and Others 4

（１）Overview of Business Results for the Third Quarter of the Current Consolidated Fiscal Year (FY2025) 4

（２）Overview of Financial Condition for the Third Quarter of the Current Consolidated Fiscal Year (FY2025) 4

２．Consolidated Financial Statements and Notes 5

（１）Consolidated Balance Sheets 5

（２）Consolidated Statement of Operations and Comprehensive Income 7

Consolidated Statement of Operations 7

Consolidated Statement of Comprehensive Income 8

（３）Notes to Consolidated Financial Statements 9

(Application of specific Accounting Treatment for Preparing Consolidated Financial

Statements) 9

(Segment Information, etc.) 9

(Notes in the Event of Significant Changes in Shareholder's Equity) 10

(Going Concern) 10

(Notes on Consolidated Statement of Cash Flows) 10

(Significant Subsequent Events) 10

３．Others 11

(References) Sales, Orders Received, and Backlog (Consolidated) 11

１．Overview of Operating Results and Others

（１）Overview of Operation Results for the Third Quarter of the Current Consolidated Fiscal Year (FY2025) This information is disclosed in the"Outline of Financial Results 9 M FY2025"on TDnet.

（２）Overview of Financial Position for the Third Quarter of the Current Consolidated Fiscal Year (FY2025) This information is disclosed in the"Outline of Financial Results 9 M FY2025"on TDnet.

２．Consolidated Financial Statements and notes

（１）Consolidated Balance Sheets

Consolidated Balance Sheet

As of March 31, 2025

As of December 31,

2025

(Millions of yen)

(Millions of yen)

ASSETS

Current assets

Cash and deposits

333,701

356,479

Notes receivable, trade receivables, contract assets and other

154,314

142,227

Costs on construction contracts in progress

15,212

19,050

Merchandise and finished goods

8,149

7,511

Work in process

3,887

6,070

Raw materials and supplies

5,162

5,842

Accounts receivable - other

30,175

36,543

Other

11,460

13,562

Allowance for doubtful accounts

(796)

(760)

Total current assets

561,267

586,529

Non-current assets

Property, plant and equipment

Buildings and structures

84,191

85,463

Machinery, vehicles, tools, furniture and fixtures

84,371

86,846

Land

24,993

25,462

Leased assets

2,917

2,989

Construction in progress

3,220

6,184

Accumulated depreciation

(111,396)

(115,505)

Total property, plant and equipment

88,296

91,442

Intangible assets

Software

14,034

14,878

Other

200

150

Total intangible assets

14,234

15,028

Investments and other assets

Investment securities

80,386

100,007

Long-term loans receivable

11,248

11,637

Retirement benefit asset

7,134

7,163

Deferred tax assets

24,756

21,342

Other

21,236

14,366

Allowance for doubtful accounts

(24,385)

(16,527)

Total investments and other assets

120,376

137,988

Total non-current assets

222,907

244,459

Total assets

784,175

830,988

As of March 31, 2025

As of December 31,

2025

(Millions of yen)

(Millions of yen)

LIABILITIES

Current liabilities

Notes payable, accounts payable for construction contracts and other

Short-term borrowings

Current portion of bonds payable Current portion of long-term borrowings Income taxes payable

Contract liabilities Provision for bonuses

Provision for bonuses for directors (and other officers) Provision for loss on construction contracts

Provision for warranties for completed construction Other

Total current liabilities Non-current liabilities

Bonds payable

Long-term borrowings Retirement benefit liability

Provision for retirement benefits for directors (and other

officers)

Provision for share-based payments Deferred tax liabilities

Deferred tax liabilities for land revaluation Other

Total non-current liabilities

126,436

106,935

250

396

10,000

-

752

819

2,556

15,199

105,097

137,645

8,996

8,604

209

128

35,707

31,307

1,236

763

55,685

47,405

346,928

349,205

10,000

20,000

13,887

14,220

12,439

11,652

212

168

-

133

3,730

918

1,028

1,028

3,686

3,102

44,985

51,224

Total liabilities

391,914

400,429

NET ASSETS

Shareholders' equity

Share capital

23,885

23,994

Capital surplus

25,465

25,573

Retained earnings

340,488

360,566

Treasury shares

(25,486)

(25,486)

Total shareholders' equity

364,353

384,648

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

19,886

39,007

Deferred gains or losses on hedges

1,180

679

Revaluation reserve for land

(10,955)

(10,955)

Foreign currency translation adjustment

12,141

12,095

Remeasurements of defined benefit plans

4,050

3,391

Total accumulated other comprehensive income

26,303

44,217

Non-controlling interests

1,604

1,692

Total net assets

392,260

430,559

Total liabilities and net assets

784,175

830,988

（２）Consolidated Statement of Operations and Comprehensive Income

Consolidated Statement of Operations

3Q of fiscal year ended March 31,

2025

(Apr. 1, 2024 -

Dec. 31, 2024)

3Q of fiscal year ending March 31,

2026

(Apr. 1, 2025 -

Dec. 31, 2025)

(Millions of yen)

(Millions of yen)

Net sales

604,138

566,816

Cost of sales

600,986

519,162

Gross profit

3,152

47,653

Selling, general and administrative expenses

22,359

20,946

Operating profit (loss)

(19,207)

26,707

Non-operating income Interest income Dividend income Foreign exchange gains

Share of profit of entities accounted for using equity method

Other

Total non-operating income Non-operating expenses

Interest expenses

Other

Total non-operating expenses

13,072

8,813

622

2,508

3,160

3,751

2,860

1,419

882

590

20,598

17,082

949

918

283

185

1,233

1,104

Ordinary profit

157

42,685

Extraordinary Income

Gain on sale of investment securities

Total extraordinary income Extraordinary losses

Loss on retirement of non-current assets

Total extraordinary losses

-

1,596

-

1,596

47

93

47

93

Profit before income taxes

109

44,189

Income taxes

4,095

14,321

Profit (Loss)

(3,985)

29,867

Loss attributable to non-controlling interests

(15)

(38)

Profit (Loss) attributable to owners of parent

(3,969)

29,905

Consolidated Statement of Comprehensive Income

3Q of fiscal year ended March 31,

2025

(Apr. 1, 2024 -

Dec. 31, 2024)

3Q of fiscal year ending March 31,

2026

(Apr. 1, 2025 -

Dec. 31, 2025)

(Millions of yen)

(Millions of yen)

Profit (Loss)

(3,985)

29,867

Other comprehensive income

Valuation difference on available-for-sale securities

274

4,538

Deferred gains or losses on hedges

(335)

8

Foreign currency translation adjustment

(738)

372

Remeasurements of defined benefit plans

(306)

(644)

Share of other comprehensive income of entities accounted for using equity method

6,599

13,676

Total other comprehensive income

5,494

17,951

Comprehensive income

1,509

47,819

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

1,441

47,820

Comprehensive income attributable to non-controlling interests

67

(1)

（３）Notes to Consolidated Financial Statements

(Application of specific Accounting Treatment for Preparing Consolidated Financial Statements)

(Tax expense calculation)

After applying tax effect accounting to profit before income taxes for the fiscal year, which includes this third quarter ended December 31, 2025, the Company makes a reasonable estimate of the effective tax rate and multiplies the profit before income taxes by that estimated effective tax rate.

(Segment Information, etc.)

3Q of fiscal year ended March 31, 2025 (April 1, 2024 - December 31, 2024) (Millions of yen)

Reportable segment

Others

Total

Adjustment

Consolidated

Total Engineering

Functional Materials Manufacturing

Subtotal

Net sales

Sales to external customers Inter-segment sales or transfers

561,376

2

39,785

87

601,161

89

2,976

2,515

604,138

2,605

-

(2,605)

604,138

-

Total

561,379

39,872

601,251

5,492

606,743

(2,605)

604,138

Segment profit (loss)

(19,886)

5,843

(14,042)

793

(13,248)

(5,958)

(19,207)

Notes:

  1. "Others" includes business activities of consulting, management of real estate and water desalination.

  2. Adjustments to segment profit (loss) include corporate expenses not allocated to individual segments and the elimination of transactions between segments.

  3. Segment profit (loss) is reconciled to operating profit on the consolidated statement of operations.

3Q of fiscal year ending March 31, 2026 (April 1, 2025- December 31, 2025) (Millions of yen)

Reportable segment

Others

Total

Adjustment

Consolidated

Total Engineering

Functional Materials Manufacturing

Subtotal

Net sales

Sales to external customers Inter-segment sales or transfers

520,734

1

42,707

1

563,441

2

3,374

2,387

566,816

2,390

-

(2,390)

566,816

-

Total

520,735

42,709

563,444

5,762

569,207

(2,390)

566,816

Segment profit

26,157

5,789

31,946

796

32,743

(6,035)

26,707

Notes:

  1. "Others" includes business activities of consulting, management of real estate and water desalination.

  2. Adjustments to segment profit include corporate expenses not allocated to individual segments and the elimination of transactions between segments.

  3. Segment profit is reconciled to operating profit on the consolidated statement of operations.

(Notes in the Event of Significant Changes in Shareholder's Equity)

Not applicable.

(Going Concern)

Not applicable.

(Notes on Consolidated Statement of Cash Flows)

Consolidated Statement of Cash Flows has not been prepared for the third quarter of the current consolidated fiscal year. Depreciation (including amortization related to intangible assets excluding goodwill) for the third quarter of the current consolidated fiscal year is as follows.

3Q of fiscal year ended March 31, 2025

(April 1- December 31,2024)

(Millions of yen)

3Q of fiscal year ending March 31, 2026

(April 1- December 31,2025)

Depreciation 7,699 8,213

（Significant Subsequent Events)

（Cancellation of Tresury Shares）

The Company resolved at the meeting of the Board of Directors held on February 10, 2026, to cancel treasury shares pursuant to the provisions of Article 178 of the Companies Act.

（１）Types of shares to be cancelled Common shares

（２）Total number of shares to be cancelled 15,500,000 shares (Representing 5.97% of the total number of shares issued before the cancellation)

（３）Scheduled cancellation date February 27, 2026

（４）Total number of shares issued after the cancellation 244,293,008 shares

  1. Others Sales, Orders Received and Backlog (Consolidated)

    (Millions of yen)

    March 31, 2025

    December 31, 2025

    Business area

    Outstanding Contracts

    New Contracts

    Sales

    Outstanding Contracts

    Total Engineering Business

    1,404,603

    300,828

    520,734

    1,176,037

    Domestic

    Energy Transition

    Oil and gas

    10,842

    29,746

    24,983

    15,606

    LNG

    -

    -

    -

    -

    Chemical

    3,018

    20,621

    6,957

    16,682

    Clean energy

    52,735

    18,147

    37,688

    33,167

    Others

    313

    1,451

    711

    1,049

    Subtotal

    66,910

    69,967

    70,340

    66,505

    Healthcare & life sciences

    57,198

    12,739

    24,606

    45,331

    Industrial & urban infrastructure

    7,748

    6,824

    6,234

    8,338

    Others

    53

    113

    67

    99

    Domestic Subtotal

    131,910

    89,644

    101,248

    120,274

    Overseas

    Energy Transition

    Oil and gas

    347,788

    106,747

    136,220

    318,482

    LNG

    435,118

    92,494

    197,575

    348,356

    Chemical

    92,161

    4,208

    62,227

    30,042

    Clean energy

    2,611

    2,184

    2,729

    2,074

    Others

    392,232

    1,069

    16,126

    354,787

    Subtotal

    1,269,911

    206,704

    414,879

    1,053,742

    Healthcare & life sciences

    625

    2,388

    2,411

    48

    Industrial & urban infrastructure

    1,913

    2,250

    2,130

    1,952

    Others

    242

    (159)

    63

    19

    Overseas Subtotal

    1,272,693

    211,183

    419,486

    1,055,763

    Functional Materials Manufacturing Business

    7,167

    44,339

    42,707

    8,704

    Other Businesses

    1,080

    7,360

    3,374

    4,931

    Grand Total

    1,412,852

    352,527

    566,816

    1,189,673

    Notes:

    1. The figure for outstanding contracts for "Total Engineering Business" at the end of the third quarter of the current consolidated fiscal year includes a downward adjustment of ¥8,659 million due to foreign currency translation, amendments and changes in contract amounts and others in the third quarter of the current consolidated fiscal year.

    2. The figure for outstanding contracts for "Functional Materials Manufacturing Business" at the end of the third quarter of the current consolidated fiscal year includes a downward adjustment of ¥95 million due to foreign currency translation, amendments and changes in contract amounts and others in the third quarter of the current consolidated fiscal year.

    3. The figure for outstanding contracts for "Other Businesses" at the end of the third quarter of the current consolidated fiscal year includes a downward adjustment of ¥134 million due to foreign currency translation, amendments and changes in contract amounts and others in the third quarter of the current consolidated fiscal year.