Summary of Consolidated Financial Results for the Six Months Ended September 30, 2025 150.41 KB

Representative:

President & CEO

Tadateru Mitani

Inquiries:

Director & CFO

Daigou Uchida

TEL 03-3514-6003

As of September 30, 2025 61,772,500 shares

As of March 31, 2025 61,772,500 shares

As of September 30, 2025 202,123 shares

As of March 31, 2025 202,085 shares

Six months ended September 30, 2025 61,570,407 shares

Six months ended September 30, 2024 61,570,346 shares

Cash and deposits

8,445

8,621

Notes and accounts receivable - trade

18,162

21,923

Electronically recorded monetary claims - operating

3,596

3,600

Accounts receivable from completed construction contracts

8,263

6,952

Merchandise and finished goods

2,365

2,516

Work in process

566

584

Costs on construction contracts in progress

93

142

Raw materials and supplies

1,565

1,440

Other

3,044

2,997

Allowance for doubtful accounts

(42)

(57)

Total current assets

46,060

48,722

Non-current assets

Property, plant and equipment

Buildings and structures, net

9,809

9,931

Land

4,058

4,058

Other, net

2,597

2,863

Total property, plant and equipment

16,465

16,852

Intangible assets

Software

667

818

Other

318

281

Total intangible assets

985

1,100

Investments and other assets

Investment securities

27,440

33,988

Other

2,593

2,559

Allowance for doubtful accounts

(50)

(73)

Total investments and other assets

29,984

36,475

Total non-current assets

47,436

54,428

Total assets

93,496

103,151

Notes and accounts payable - trade

11,146

13,992

Electronically recorded obligations - operating

1,772

1,800

Accounts payable for construction contracts

2,342

2,231

Short-term borrowings

14,085

13,969

Income taxes payable

766

657

Provision for bonuses for directors (and other officers)

222

78

Provision for loss on orders received

4

5

Provision for warranties for completed construction

15

19

Provision for product warranties

284

-

Provision for shareholder benefit program

73

-

Other

6,073

6,007

Total current liabilities

36,786

38,762

Provision for retirement benefits for directors (and other

officers)

591 503

Retirement benefit liability

380

397

Asset retirement obligations

279

280

Other

5,421

7,500

Total non-current liabilities

9,137

11,015

Total liabilities

45,924

49,777

Net assets

Shareholders' equity

Share capital

4,808

4,808

Capital surplus

3,390

3,383

Retained earnings

28,160

29,660

Treasury shares

(42)

(42)

Total shareholders' equity

36,316

37,810

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

10,508

14,981

Deferred gains or losses on hedges

0

8

Foreign currency translation adjustment

508

352

Remeasurements of defined benefit plans

44

38

Total accumulated other comprehensive income

11,062

15,381

Non-controlling interests

192

181

Total net assets

47,572

53,373

Total liabilities and net assets

93,496

103,151

Six months ended

September 30, 2024

Six months ended

September 30, 2025

Net sales

48,719

56,621

Cost of sales

39,505

45,825

Gross profit

9,213

10,796

Selling, general and administrative expenses

8,457

9,102

Operating profit

755

1,694

Non-operating income

Interest income

16

22

Dividend income

252

339

Share of profit of entities accounted for using equity method

111

171

Rent income on real estate and facilities

77

78

Foreign exchange gains

39

64

Other

100

126

Total non-operating income

598

803

Non-operating expenses

Interest expenses

80

96

Rent expenses on real estate and facilities

56

58

Other

54

61

Total non-operating expenses

191

216

Ordinary profit

1,163

2,280

Extraordinary income

Gain on sale of non-current assets

315

0

Gain on sale of investment securities

506

72

Gain on sale of shares of subsidiaries and associates

-

104

Subsidy income

-

35

Gain on change in equity

69

1

Gain on extinguishment of tie-in shares

22

-

Total extraordinary income

914

215

Extraordinary losses

Loss on sale of non-current assets

0

0

Loss on retirement of non-current assets

132

4

Loss on valuation of investment securities

6

1

Total extraordinary losses

138

6

Profit before income taxes

1,938

2,489

Income taxes

657

640

Profit

1,281

1,848

Profit attributable to non-controlling interests

9

9

Profit attributable to owners of parent

1,271

1,839

Consolidated statements of comprehensive income (cumulative)

(Millions of yen)

Six months ended

Six months ended

September 30, 2024

September 30, 2025

Profit

1,281

1,848

Other comprehensive income

Valuation difference on available-for-sale securities

(527)

4,431

Deferred gains or losses on hedges

(31)

7

Foreign currency translation adjustment

(274)

(157)

Share of other comprehensive income of entities accounted

3

36

for using equity method

Total other comprehensive income

(830)

4,317

Comprehensive income

451

6,166

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

444

6,158

Comprehensive income attributable to non-controlling

6

8

Share of loss (profit) of entities accounted for using equity

method

(111) (171)

Loss (gain) on investments in investment partnerships

28

20

Loss (gain) on valuation of investment securities

6

1

Increase (decrease) in allowance for doubtful accounts

(67)

38

Increase (decrease) in provision for retirement benefits for

directors (and other officers)

29 (87)

Increase (decrease) in retirement benefit liability

29

18

Increase (decrease) in provision for loss on orders received

3

1

Increase (decrease) in provision for product warranties

-

(284)

Increase (decrease) in provision for shareholder benefit program

(59)

(73)

Interest and dividend income

(268)

(362)

Interest expenses

80

96

Loss (gain) on sale of investment securities

(506)

(72)

Loss (gain) on sale of shares of subsidiaries and associates

-

(104)

Loss (gain) on sale of non-current assets

(315)

0

Loss on retirement of non-current assets

132

4

Subsidy income

-

(35)

Loss (gain) on change in equity

(69)

(1)

Loss (gain) on extinguishment of tie-in shares

(22)

-

Decrease (increase) in trade receivables

2,422

(2,505)

Decrease (increase) in inventories

558

(111)

Increase (decrease) in trade payables

(1,424)

2,787

Other, net

(463)

178

Subtotal

2,793

2,702

Interest and dividends received

289

384

Interest paid

(85)

(96)

Income taxes paid

(824)

(830)

Net cash provided by (used in) operating activities

2,173

2,160

Six months ended

Six months ended

September 30, 2024

September 30, 2025

Cash flows from investing activities

Payments into time deposits

(119)

(75)

Proceeds from withdrawal of time deposits

124

142

Purchase of property, plant and equipment

(858)

(838)

Proceeds from sale of property, plant and equipment

137

1

Purchase of intangible assets

(120)

(283)

Purchase of investment securities

(145)

(16)

Proceeds from sale of investment securities

1,119

169

Proceeds from sale of shares of subsidiaries and associates

-

104

Loan advances

(50)

(130)

Proceeds from collection of loans receivable

3

0

Other, net

(70)

(123)

Net cash provided by (used in) investing activities

19

(1,048)

Cash flows from financing activities

Net increase (decrease) in short-term borrowings

(2,086)

(139)

Repayments of finance lease liabilities

(199)

(208)

Proceeds from long-term borrowings

180

571

Repayments of long-term borrowings

(628)

(654)

Repayments of installment payables

(29)

(11)

Dividends paid

(277)

(338)

Dividends paid to non-controlling interests

(0)

(0)

Purchase of treasury shares

(0)

(0)

Proceeds from sale of treasury shares

-

0

Other, net

51

-

Net cash provided by (used in) financing activities

(2,989)

(782)

Effect of exchange rate change on cash and cash equivalents

(96)

(56)

Net increase (decrease) in cash and cash equivalents

(893)

272

Cash and cash equivalents at beginning of period

7,717

7,282