Nishio : Financial Results for Q3 FY9/2025

Q3 FY 9/23

Q3 FY 9/24

YoY Change

YoY

（％）

Q3 FY 9/25

YoY Change

YoY

（％）

Net sales

138,073

148,535

10,461

107.6

163,101

14,566

109.8

Rental-related business

Others

132,421

5,652

142,429

6,105

10,008

453

107.6

108.0

157,048

6,053

14,619

△ 52

110.3

99.1

Operating income

11,698

13,903

2,204

118.8

14,778

874

106.3

Rental-related business

Others

11,002

582

13,213

395

2,211

△187

120.1

67.9

14,100

348

887

△ 46

106.7

88.2

Adjustment amount

113

294

180

259.9

328

34

111.8

Non-operating income and expenses

△376

△407

△30

-

△ 595

△ 188

-

Ordinary income

11,322

13,495

2,173

119.2

14,182

686

105.1

Extraordinary income and losses

29

442

412

1,512.8

△ 75

△ 517

-

Profit before income taxes

11,351

13,938

2,586

122.8

14,106

168

101.2

Profit attributable to owners of parent

7,351

9,200

1,849

125.2

9,372

171

101.9

Q3 FY 9/23

Q3 FY 9/24

YoY Change

YoY

（％）

Q3 FY 9/25

YoY Change

YoY

（％）

Cash and deposits

45,564

48,807

3,243

107.1

57,711

8,903

118.2

Notes and accounts receivable

- trade, and contract assets

42,293

45,352

3,058

107.2

46,734

1,382

103.0

Other current assets

19,388

20,083

694

103.6

21,262

1,179

105.9

Assets for rent, net

83,419

87,921

4,501

105.4

88,665

743

100.8

Land

36,653

36,773

119

100.3

37,413

640

101.7

Buildings and structures, net

14,369

25,048

10,678

174.3

29,333

4,284

117.1

Other fixed assets

21,489

15,690

△5,798

73.0

10,861

△ 4,829

69.2

Investments

8,015

9,811

1,795

122.4

9,001

△ 809

91.8

Total assets

271,194

289,488

18,293

106.7

300,983

11,495

104.0

Notes and accounts payable - trade

24,990

25,630

640

102.6

30,297

4,666

118.2

Accounts payable - facilities

11,511

12,954

1,443

112.5

13,061

106

100.8

Lease obligations

42,194

41,235

△958

97.7

41,601

365

100.9

Loans payable・Bonds payable

53,997

57,160

3,162

105.9

58,197

1,037

101.8

Other liabilities

17,133

21,725

4,592

126.8

20,330

△ 1,395

93.6

Total liabilities

149,826

158,706

8,880

105.9

163,488

4,781

103.0

Shareholders' equity

117,461

125,817

8,356

1,151

-

△94

107.1

132,572

6,754

144

-

△ 184

105.4

Accumulated other

comprehensive income

1,623

2,775

170.9

2,919

105.2

Subscription rights to shares

10

10

100.0

10

100.0

Non-controlling interests

2,272

2,177

95.8

1,992

91.5

Total net assets

121,368

130,781

9,413

107.8

137,495

6,713

105.1

Total liabilities and net assets

271,194

289,488

18,293

106.7

300,983

11,495

104.0

Q3 FY 9/23

Q3 FY 9/24

YoY Change

YoY

（％）

Q3 FY 9/25

YoY Change

YoY

（％）

Capital expenditure

/ Depreciation

Capital expenditure

38,373

36,977

△1,396

96.4

32,993

△3,983

89.2

Rental assets

27,091

29,685

2,594

109.6

28,726

△959

96.8

Company assets

11,282

7,291

△3,990

64.6

4,266

△3,024

58.5

Depreciation

27,609

28,871

1,262

104.6

29,346

474

101.6

Rental assets

24,503

25,467

964

103.9

25,578

110

100.4

Company assets

3,106

3,404

297

109.6

3,768

363

110.7

KPI

EBITDA

39,307

42,775

3,467

108.8

44,124

1,349

103.2

Q3 FY 9/23

Q3 FY 9/24

YoY Change

YoY

（％）

Q3 FY 9/25

YoY Change

YoY

（％）

Equity ratio

(Mid-term plan target 50% or more)

43.9％

44.4％

+0.5％

-

45.0%

＋0.6％

-

Interest - bearing debts to monthly sales ratio

( 〃 6.5 months or less)

6.3months

6.0months

△0.3months

-

5.5months

△0.5months

-

Cash and deposits to monthly sales ratio

( 〃 1.5 months or more)

3.0months

3.0months

±0.0months

-

3.2months

＋0.2months

-

Q3 FY 9/23

Q3 FY 9/24

YoY Change

YoY

（％）

Q3 FY 9/25

YoY Change

YoY

（％）

NISHIO RENT ALL CO.,LTD.

82,737

87,120

4,382

105.3

98,273

11,153

112.8

SACOS CORPORATION

13,738

14,170

432

103.1

11,645

△ 2,525

82.2

NISHIO WORK SUPPORT CO., LTD.

1,634

1,722

87

105.4

1,931

209

112.1

SAN OH CO.,LTD.

2,200

2,924

724

132.9

6,258

3,333

214.0

NISHIO T&M CO.,LTD.

4,829

5,789

959

119.9

5,717

△ 72

98.7

Other domestic subsidiary

（13 companies）

23,262

26,523

3,260

114.0

30,240

3,716

114.0

Foreign subsidiary

（18 companies）

16,381

17,791

1,410

108.6

18,570

779

104.4

NISHIO HOLDINGS CO.,LTD.

436

3,316

2,880

760.1

7,598

4,281

229.1

Consolidation adjustments

△7,147

△10,284

△3,676

-

△17,134

△6,309

-

Total

138,073

148,535

10,461

107.6

163,101

14,566

109.8

Q3 FY 9/23

Q3 FY 9/24

YoY Change

YoY

（％）

Q3 FY 9/25

YoY Change

YoY

（％）

Hokkaido・Tohoku

14,266

14,494

228

101.6

15,011

517

103.6

Kanto

(Metropolitan area)

44,331

45,904

1,573

103.5

45,038

△866

98.1

Chubu・Tokai

12,001

12,293

292

102.4

13,065

771

106.3

Kansai

24,907

28,655

3,748

115.1

34,627

5,971

120.8

Chugoku・Shikoku

9,658

10,608

950

109.8

10,501

△107

99.0

Kyushu

6,218

7,199

981

115.8

10,194

2,994

141.6

Others

240

478

238

199.4

906

428

189.4

Domestic

111,623

119,636

8,013

107.2

129,344

9,708

108.1

Overseas

16,584

18,200

1,616

109.7

19,414

1,213

106.7

Construction machinery

128,208

137,837

9,629

107.5

148,758

10,921

107.9

Events

9,865

10,697

831

108.4

14,343

3,645

134.1

Total

138,073

148,535

10,461

107.6

163,101

14,566

109.8

Q3 FY 9/23

Q3 FY 9/24

YoY Change

YoY

（％）

Q3 FY 9/25

YoY Change

YoY

（％）

Machine for road construction work

16,616

17,973

1,356

108.2

18,720

747

104.2

Machine for building construction work

13,105

13,533

428

103.3

14,112

578

104.3

Vehicle

7,272

7,463

191

102.6

7,720

256

103.4

General purpose machine

20,437

21,862

1,424

107.0

23,817

1,955

108.9

Mud treatment plant

922

1,731

808

187.7

1,691

△39

97.7

Double Rental Income

19,955

20,636

681

103.4

21,576

939

104.6

Net sales from construction

78,309

83,201

4,891

106.2

87,638

4,437

105.3

machinery rental

Incidental Income

31,489

33,998

2,509

108.0

37,657

3,659

110.8

Sales

22,318

24,583

2,264

110.1

27,374

2,790

111.4

Others（Sales allowance

△3,909

△3,945

△36

-

△3,911

33

-

and returns etc.）

Construction machinery

128,208

137,837

9,629

107.5

148,758

10,921

107.9

Events

9,865

10,697

831

108.4

14,343

3,645

134.1

Total

138,073

148,535

10,461

107.6

163,101

14,566

109.8

Q3 FY 9/23

Q3 FY 9/24

YoY Change

YoY

（％）

Q3 FY 9/25

YoY Change

YoY

（％）

Space

Visual

1,644

938

1,643

910

△1

△27

99.9

97.0

1,783

1,002

140

92

108.5

110.2

Others

558

733

175

131.4

3,197

2,464

436.0

Facility management

3,140

3,287

146

104.7

5,984

2,697

182.1

Events and exhibitions business

6,725

7,410

685

110.2

8,358

948

112.8

Total

9,865

10,697

831

108.4

14,343

3,645

134.1

Terms used in the material

Description

①

EBITDA

It is calculated as Operating income + Depreciation cost (including assets of which full depreciation is completed in the year of the acquisition) + Lease fee

⇒ The breakdown of depreciation cost is as follows:

① Depreciation cost of rental assets

1. Cost of full depreciation of assets completed in the year of the acquisition when the acquisition price is

   under 200,000 yen

   (Color corn, impact wrench, hand cutter, interior lighting equipment, stepladder, fan, etc.)

2. Depreciation cost (fixed rate method depreciation) for the assets of which acquisition price is 200,000 yen or over

   (Asphalt finisher, backhoes, bulldozer, tire roller, dump truck, tower crane, etc.)

3. Lease depreciation cost related finance lease and operating lease acquisition

(When an asset of which acquisition price 200,000 yen or over is procured, the asset that was procured from a lease company using lease.)

② Depreciation cost for assets for internal use

1. Depreciation cost (fixed rate method depreciation) for the equipment for internal use of which acquisition

price is 200,000 yen or over

(Maintenance factory equipment of sales office, sales vehicle, office equipment, etc.)

②

Segment information (Rental business others)

Segment information of the Group is grouped into "Rental business" and "Others".

Rental business - Group of companies that handle rental and related businesses focusing on construction machinery Others - Group of companies that develop, manufacture and maintain products, management companies of insurance and group's real estate and other companies of which main business is not rental business.

③

W rental revenue

One of revenue classification that indicates "subleasing" and "sub-renting".

In general, we rent the products that we own to our users. However, when there is no products or lack of products, we rent the products from other rental companies to provide rental service to our users. It indicates the revenue from such situation.

➃

Rental associated revenue

All revenue other than rental fee that incurs at the time of the provision of rental service

It includes all revenue such as transportation fee for the delivery to user's designated location and repair fee when a product was broken due to an accident or a damage.