Financial Report for Fiscal Year ended March 31, 2026

The following statements are an English translation of the original Japanese document.

May 15, 2026

(All financial information has been prepared in accordance with accounting principles generally accepted in Japan.)

(Round down to one million yen)

1. Consolidated Operating Performance (April 1, 2025 through March 31, 2026)
   1. Consolidated operating results (% indicates increase ratio over previous year)

      	Sales		Operating income		Ordinary income		Profit attributable to owners of parent
      Year ended	million yen	%	million yen	%	million yen	%	million yen	%
      March 31, 2026	286,127	3.6	23,320	29.8	24,790	24.3	15,594	41.4
      March 31, 2025	276,212	(5.9)	17,971	(1.6)	19,938	0.4	11,026	(29.3)

      (Note) Comprehensive income	Year ended March 31, 2026	24,924 million yen	101.2 %
      	Year ended March 31, 2025	12,387 million yen	(51.6) %

      	Basic earnings per share	Diluted earnings per share	Ratio of Profit to Shareholders' Equity	Ratio of Ordinary Income to Total Assets	Ratio of Operating Income to Net Sales
      Year ended	yen	yen	%	%	%
      March 31, 2026	245.14	-	10.1	8.9	8.2
      March 31, 2025	169.44	-	7.6	7.5	6.5

      (Note) 1 Equity in earnings of affiliates Year ended March 31, 2026 1 million yen

      Year ended March 31, 2025 3 million yen

      2 The Company conducted a 2-for-1 share split of shares of common share, with an effective date of April 1, 2025. "Basic earnings per share" is calculated assuming that the share split was executed at the beginning of the previous consolidated fiscal year.

   2. Consolidated financial position

      	Total assets	Net assets	Equity capital ratio	Net assets per share
      As of	million yen	million yen	%	yen
      March 31, 2026	286,820	170,232	56.1	2,555.19
      March 31, 2025	268,448	156,486	55.2	2,282.91

      (Note) 1 Shareholders' Equity As of March 31, 2026 160,975 million yen

      As of March 31, 2025 148,053 million yen

      2 The Company conducted a 2-for-1 share split of shares of common share, with an effective date of April 1, 2025. "Net assets per share" is calculated assuming that the share split was executed at the beginning of the previous consolidated fiscal year.

   3. Consolidated cash flows

      	Cash Flows from Operating Activities	Cash Flows from Investing Activities	Cash Flows from Financing Activities	Cash and cash equivalents at the end of period
      Year ended	million yen	million yen	million yen	million yen
      March 31, 2026	64,700	748	(23,475)	86,359
      March 31, 2025	(21,219)	(4,982)	1,907	42,013

2. Dividends

   	Dividends per share					Dividends Paid (Total)	Dividends Payout Ratio (Consolidated)	Ratio of Dividends to Net Assets (Consolidated)
   	1Q	2Q	3Q	Year End	Total (annually)
   Year ended	yen	yen	yen	yen	yen	million yen	%	%
   March 31, 2025	-	60.00	-	84.00	144.00	4,690	42.5	3.2
   March 31, 2026	-	40.00	-	70.00	110.00	6,974	44.9	4.5
   Year ending March 31,	-	50.00	-	69.00	119.00		41.6
   2027 (Forecast)

   (Note) 1 Dividends Paid (Total) for the fiscal year ended March 31, 2025 and March 31, 2026 includes dividends of 21 million yen and of 41 million yen for treasury shares owned by trust assets of "Board Benefit Trust (BBT)" respectively.

   2 The Company conducted a 2-for-1 share split of shares of common share, with an effective date of April 1, 2025. The amounts shown for the fiscal year ended March 31, 2025 are the actual amount of dividends paid before the share split.

3. Consolidated Earnings Forecast for Fiscal Year Ending March 31, 2027 (April 1, 2026 through March 31, 2027)

   (% indicates increase ratio over previous year)

   	Sales		Operating income		Ordinary income		Profit attributable to owners of parent		Basic earnings per share
   Full year	million yen	%	million yen	%	million yen	%	million yen	%	yen
   	307,000	7.3	23,800	2.1	25,000	0.8	18,000	15.4	285.72

   (1)	Significant changes in the scope of consolidation during the period				: None
   (2)	Changes in accounting policies, changes in accounting estimates and restatements
   	(i)	Changes in accounting policies due to revisions of accounting standards etc.			: None
   	(ii)	Changes in accounting policies other than (i)			: None
   	(iii)	Changes in accounting estimates			: None
   	(iv)	Restatements			: None
   (3)	Number of shares issued (common shares)
   (i) Number of shares issued at end of period (including treasury shares)
   		As of March 31, 2026	63,464,018	shares
   		As of March 31, 2025	67,164,018	shares
   (ii) Number of treasury shares at end of period
   		As of March 31, 2026	464,423	shares
   		As of March 31, 2025	2,311,280	shares
   (iii) Average number of shares during the period
   		Year ended March 31, 2026	63,615,389	shares
   		Year ended March 31, 2025	65,076,530	shares
   (Note) 1		The Company conducted a 2-for-1 share split of shares of common share, with an effective date of April 1, 2025. "Number of shares issued (common shares)" is calculated assuming that the share split was executed at the beginning of the previous consolidated fiscal year.
   	2	The Company has introduced the "Board Benefit Trust (BBT)" as its performance-linked and share-based compensation plan and its own shares remaining in the Trust are included as treasury shares. The number of treasury shares owned by the Trust as of March 31, 2026 and as of March 31, 2025 are 419,000 and 298,800, respectively. The average number of treasury shares owned by the Trust for the year ended March 31, 2026 and for the year ended March 31, 2025 are 314,869 and 298,862, respectively.

4. Others

1. Non-Consolidated Operating Performance (April 1, 2025 through March 31, 2026)
   1. Non-Consolidated operating result (% indicates increase ratio over previous year)

      	Sales		Operating income		Ordinary income		Profit
      Year ended	million yen	%	million yen	%	million yen	%	million yen	%
      March 31, 2026	145,404	0.5	12,156	22.9	21,485	25.7	17,374	69.2
      March 31, 2025	144,624	(8.8)	9,893	6.0	17,087	15.4	10,266	(24.6)
      	Basic earnings per share	Diluted earnings per share
      Year ended	yen		yen
      March 31, 2026	273.11		-
      March 31, 2025	157.75		-

      (Note) The Company conducted a 2-for-1 share split of shares of common share, with an effective date of April 1, 2025. "Basic earnings per share" is calculated assuming that the share split was executed at the beginning of the previous fiscal year.

   2. Non-Consolidated financial position

      	Total assets	Net assets	Equity capital ratio	Net assets per share
      As of	million yen	million yen	%	yen
      March 31, 2026	175,225	127,895	73.0	2,030.10
      March 31, 2025	172,965	115,842	67.0	1,786.24

      (Note) 1 Shareholders' Equity As of March 31, 2026 127,895 million yen

      As of March 31, 2025 115,842 million yen

      2 The Company conducted a 2-for-1 share split of shares of common share, with an effective date of April 1, 2025. "Net assets per share" is calculated assuming that the share split was executed at the beginning of the previous fiscal year.

2. Non-Consolidated Earnings Forecast for Fiscal Year Ending March 31, 2027 (April 1, 2026 through March 31, 2027)

‌1 Consolidated Financial Statements

1. Consolidated Balance Sheets

   		Millions of yen
   As of March 31, 2025		As of March 31, 2026
   Assets
   Current assets
   Cash and deposits	47,556	90,664
   Notes receivable, accounts receivable from completed construction contracts and other	151,900	112,879
   Costs on uncompleted construction contracts	2,437	2,445
   Raw materials and supplies	1,011	1,013
   Other	9,270	11,732
   Allowance for doubtful accounts	(1,240)	(1,370)
   Total current assets	210,935	217,365
   Non-current assets
   Property, plant and equipment
   Buildings and structures	12,829	12,766
   Machinery, vehicles, tools, furniture and fixtures	10,394	10,016
   Land	2,102	2,108
   Other	881	898
   Accumulated depreciation	(12,464)	(12,239)
   Total property, plant and equipment	13,742	13,549
   Intangible assets
   Goodwill	715	970
   Other	1,232	1,334
   Total intangible assets	1,947	2,305
   Investments and other assets
   Investment securities	26,324	32,939
   Deferred tax assets	832	931
   Net defined benefit asset	11,792	15,281
   Other	2,975	4,555
   Allowance for doubtful accounts	(101)	(107)
   Total investments and other assets	41,822	53,599
   Total non-current assets	57,513	69,454
   Total assets	268,448	286,820

   		Millions of yen
   As of March 31, 2025		As of March 31, 2026
   Liabilities
   Current liabilities
   Notes payable, accounts payable for construction contracts and other	49,590	44,070
   Short-term loans payable	13,200	1,247
   Income taxes payable	1,892	5,027
   Advances received on uncompleted construction contracts	19,668	27,449
   Provision for warranties for completed construction	689	698
   Provision for loss on construction contracts	356	747
   Provision for directors' bonuses	172	247
   Other	15,461	22,651
   Total current liabilities	101,030	102,139
   Non-current liabilities
   Long-term loans payable	116	35
   Deferred tax liabilities	8,306	10,695
   Provision for directors' retirement benefits	42	53
   Provision for share awards	54	100
   Provision for share awards for directors	439	831
   Net defined benefit liability	1,473	1,781
   Provision for loss on closing of factory	-	493
   Other	498	457
   Total non-current liabilities	10,931	14,447
   Total liabilities	111,962	116,587
   Net assets
   Shareholders' equity
   Capital stock	6,455	6,455
   Capital surplus	3,772	3,687
   Retained earnings	118,270	119,768
   Treasury shares	(4,969)	(1,057)
   Total shareholders' equity	123,528	128,853
   Accumulated other comprehensive income
   Valuation difference on available-for-sale securities	11,688	16,596
   Deferred gains or losses on hedges	(5)	8
   Foreign currency translation adjustment	10,383	11,355
   Accumulated remeasurements of defined benefit plans	2,458	4,163
   Total accumulated other comprehensive income	24,524	32,122
   Non-controlling interests	8,433	9,256
   Total net assets	156,486	170,232
   Total liabilities and net assets	268,448	286,820

2. Consolidated Income Statements and Consolidated Statements of Comprehensive Income Consolidated Income Statements

   		Millions of yen
   	Year ended March 31, 2025 Apr. 1, 2024 - Mar. 31, 2025	Year ended March 31, 2026 Apr. 1, 2025 - Mar. 31, 2026
   Net sales of completed construction contracts	276,212	286,127
   Cost of sales of completed construction contracts	231,207	230,867
   Gross profit on completed construction contracts	45,005	55,259
   Selling, general and administrative expenses
   Directors' compensations	922	972
   Employees' salaries and allowances	10,885	12,733
   Provision for directors' bonuses	174	248
   Retirement benefit expenses	208	300
   Provision for directors' retirement benefits	9	10
   Provision for share awards for directors	169	391
   Provision for share awards	30	59
   Correspondence and transportation expenses	1,599	1,969
   Provision of allowance for doubtful accounts	(0)	285
   Rents	1,380	1,669
   Depreciation	1,365	1,511
   Amortization of goodwill	503	121
   Other	9,786	11,664
   Total selling, general and administrative expenses	27,034	31,938
   Operating income	17,971	23,320
   Non-operating income
   Interest income	781	785
   Dividend income	677	706
   Dividend income of insurance	191	155
   Real estate rent	151	200
   Foreign exchange gains	201	-
   Share of profit of entities accounted for using equity method	3	1
   Other	464	241
   Total non-operating income	2,471	2,090
   Non-operating expenses
   Interest expenses	301	322
   Rent expenses on real estates	16	13
   Foreign exchange losses	-	124
   Provision of allowance for doubtful accounts	1	4
   Other	185	155
   Total non-operating expenses	504	621
   Ordinary income	19,938	24,790

   		Millions of yen
   	Year ended March 31, 2025 Apr. 1, 2024 - Mar. 31, 2025	Year ended March 31, 2026 Apr. 1, 2025 - Mar. 31, 2026
   Extraordinary income
   Gain on disposal of non-current assets	42	166
   Gain on sales of investment securities	2,388	1,442
   Total extraordinary income	2,431	1,608
   Extraordinary losses
   Loss on disposal of non-current assets	8	17
   Impairment loss	3,339	402
   Loss on valuation of investment securities	-	30
   Loss on liquidation of subsidiaries and associates	2	-
   Provision for loss on closing of factory	-	473
   Total extraordinary losses	3,349	924
   Profit before income taxes	19,020	25,474
   Income taxes-current	6,003	8,904
   Income taxes-deferred	504	(781)
   Total income taxes	6,507	8,122
   Profit	12,512	17,351
   Profit attributable to non-controlling interests	1,485	1,756
   Profit attributable to owners of parent	11,026	15,594

   Consolidated Statements of Comprehensive Income

   		Millions of yen
   Year ended March 31, 2025 Apr. 1, 2024 - Mar. 31, 2025		Year ended March 31, 2026 Apr. 1, 2025 - Mar. 31, 2026
   Profit	12,512	17,351
   Other comprehensive income
   Valuation difference on available-for-sale securities	(2,684)	4,907
   Deferred gains or losses on hedges	52	13
   Foreign currency translation adjustment	2,951	963
   Remeasurements of defined benefit plans	(499)	1,664
   Share of other comprehensive income of entities accounted for using equity method	55	22
   Total other comprehensive income	(125)	7,572
   Comprehensive income	12,387	24,924
   Comprehensive income attributable to :
   Owners of parent	10,496	23,192
   Non-controlling interests	1,890	1,731

3. Consolidated Statements of Changes in Net Assets

   Year ended March 31, 2025 (April 1, 2024 through March 31, 2025)

   Millions of yen

   	Shareholders' equity
   	Capital stock	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
   Balance at the beginning of current period	6,455	3,620	111,869	(2,969)	118,974
   Changes of items during the period	-
   Dividends of surplus			(4,625)		(4,625)
   Profit attributable to owners of parent			11,026		11,026
   Purchase of treasury shares				(2,000)	(2,000)
   Disposal of treasury shares				0	0
   Cancellation of treasury shares					-
   Purchase of shares of consolidated subsidiaries		152			152
   Net changes of items other than shareholders' equity
   Total changes of items during the period		152	6,401	(2,000)	4,553
   Balance at the end of current period	6,455	3,772	118,270	(4,969)	123,528

   Millions of yen

   	Accumulated other comprehensive income					Non-controlling interests	Total net assets
   	Valuation difference on available-for-sale securities	Deferred gains or losses on hedges	Foreign currency translation adjustment	Remeasurements of defined benefit plans	Total accumulated other comprehensive income
   Balance at the beginning of current period	14,373	(57)	7,757	2,981	25,054	7,532	151,562
   Changes of items during the period
   Dividends of surplus							(4,625)
   Profit attributable to owners of parent							11,026
   Purchase of treasury shares							(2,000)
   Disposal of treasury shares							0
   Cancellation of treasury shares							-
   Purchase of shares of consolidated subsidiaries							152
   Net changes of items other than shareholders' equity	(2,684)	52	2,626	(523)	(530)	901	370
   Total changes of items during the period	(2,684)	52	2,626	(523)	(530)	901	4,924
   Balance at the end of current period	11,688	(5)	10,383	2,458	24,524	8,433	156,486

   Year ended March 31, 2026 (April 1, 2025 through March 31, 2026)

   Millions of yen

   	Shareholders' equity
   	Capital stock	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
   Balance at the beginning of current period	6,455	3,772	118,270	(4,969)	123,528
   Changes of items during the period	-
   Dividends of surplus			(5,271)		(5,271)
   Profit attributable to owners of parent			15,594		15,594
   Purchase of treasury shares				(5,443)	(5,443)
   Disposal of treasury shares		138		312	450
   Cancellation of treasury shares		(217)	(8,825)	9,043	-
   Purchase of shares of consolidated subsidiaries		(6)			(6)
   Net changes of items other than shareholders' equity
   Total changes of items during the period		(85)	1,497	3,912	5,324
   Balance at the end of current period	6,455	3,687	119,768	(1,057)	128,853

   Millions of yen

   	Accumulated other comprehensive income					Non-controlling interests	Total net assets
   	Valuation difference on available-for-sale securities	Deferred gains or losses on hedges	Foreign currency translation adjustment	Remeasurements of defined benefit plans	Total accumulated other comprehensive income
   Balance at the beginning of current period	11,688	(5)	10,383	2,458	24,524	8,433	156,486
   Changes of items during the period
   Dividends of surplus							(5,271)
   Profit attributable to owners of parent							15,594
   Purchase of treasury shares							(5,443)
   Disposal of treasury shares							450
   Cancellation of treasury shares							-
   Purchase of shares of consolidated subsidiaries							(6)
   Net changes of items other than shareholders' equity	4,907	13	971	1,704	7,597	823	8,421
   Total changes of items during the period	4,907	13	971	1,704	7,597	823	13,746
   Balance at the end of current period	16,596	8	11,355	4,163	32,122	9,256	170,232

4. Consolidated Statements of Cash Flows

(Segment information)

1. Sales, profits or losses, assets, liabilities and other items by reportable segments

   Year ended March 31, 2025 (April 1, 2024 through March 31, 2025)

   Millions of yen

   	Reportable segments			Eliminations/ Corporate	Consolidated
   	Green Technology System Division	Paint Finishing System Division	Total
   Sales
   Sales to customers	169,420	106,792	276,212	-	276,212
   Intersegment	23	163	186	(186)	-
   Total	169,443	106,956	276,399	(186)	276,212
   Segment profit	15,299	4,256	19,555	382	19,938
   Segment assets	134,943	98,086	233,029	35,418	268,448
   Other items
   Depreciation expenses	1,266	853	2,119	(269)	1,850
   Amortization of goodwill	431	72	503	-	503
   Interest income	366	407	773	8	781
   Interest expenses	31	219	250	51	301
   Share of profit of entities accounted for using equity method	-	3	3	-	3
   Investments in associates accounted for using the equity method	-	701	701	-	701
   Increase in tangible and intangible assets	2,395	913	3,308	391	3,700

   (Note) 1. The amount of Eliminations/ Corporate is as follows:

   1. Eliminations/ Corporate of Segment profit of 382 million yen includes non-allocatable common profits (net amount of common profit and loss) of 408 million yen and other adjustment of minus 26 million yen.

      Non-allocatable common profits are mainly general administrative expense, dividends income etc. those are not attributed to any reportable segments.

   2. Eliminations/ Corporate of Segment assets of 35,418 million yen are elimination of receivable and payable

      etc. of minus 3,807 million yen and non-allocatable common assets those are not allocated to any segments of 39,226 million yen.

      Non-allocatable common assets are mainly cash and deposit, securities, property, plant and equipment, intangible assets and net defined benefit asset etc. those are not attributed to any reportable segments.

   3. Eliminations/ Corporate of increase in tangible and intangible assets of 391 million yen are building and structure, machinery, equipment, vehicles, tools, furniture and fixtures and software etc. those are not attributed to any reportable segments.

   4. The allocation method of assets for reportable segments is different from that of related sales and expenses.

2. Segment profit is adjusted in the ordinary income of the consolidated income statement.

   Year ended March 31, 2026 (April 1, 2025 through March 31, 2026)

   Millions of yen

   	Reportable segments			Eliminations/ Corporate	Consolidated
   	Green Technology System Division	Paint Finishing System Division	Total
   Sales
   Sales to customers	183,043	103,084	286,127	-	286,127
   Intersegment	133	4	137	(137)	-
   Total	183,176	103,088	286,265	(137)	286,127
   Segment profit	20,820	4,365	25,185	(395)	24,790
   Segment assets	126,866	98,431	225,297	61,522	286,820
   Other items
   Depreciation expenses	1,406	1,080	2,486	(340)	2,145
   Amortization of goodwill	-	121	121	-	121
   Interest income	316	467	784	0	785
   Interest expenses	39	116	156	166	322
   Share of profit of entities accounted for using equity method	-	1	1	-	1
   Investments in associates accounted for using the equity method	-	726	726	-	726
   Increase in tangible and intangible assets	1,040	1,065	2,105	594	2,700

   (Note) 1. The amount of Eliminations/ Corporate is as follows:

   1. Eliminations/ Corporate of Segment profit of minus 395 million yen includes non-allocatable common profits (net amount of common profit and loss) of minus 404 million yen and other adjustment of 8 million yen.

      Non-allocatable common profits are mainly general administrative expense, dividends income etc. those are not attributed to any reportable segments.

   2. Eliminations/ Corporate of Segment assets of 61,522 million yen are elimination of receivable and payable

      etc. of minus 5,292 million yen and non-allocatable common assets those are not allocated to any segments of 66,815 million yen.

      Non-allocatable common assets are mainly cash and deposit, securities, property, plant and equipment, intangible assets and net defined benefit asset etc. those are not attributed to any reportable segments.

   3. Eliminations/ Corporate of increase in tangible and intangible assets of 594 million yen are building and structure, machinery, equipment, vehicles, tools, furniture and fixtures and software etc. those are not attributed to any reportable segments.

   4. The allocation method of assets for reportable segments is different from that of related sales and expenses.

2. Segment profit is adjusted in the ordinary income of the consolidated income statement.

1. Sales by regions

   Year ended March 31, 2025 (April 1, 2024 through March 31, 2025)

   Millions of yen

   Japan	North America	South East Asia		East Asia		India	Other	Total
   		Thailand	Other South East Asia	China	Other East Asia
   144,577	33,052	19,224	35,343	17,566	4,302	19,888	2,257	276,212

   Year ended March 31, 2026 (April 1, 2025 through March 31, 2026)

   Millions of yen

   Japan	North America	South East Asia		East Asia		India	Other	Total
   		Thailand	Other South East Asia	China	Other East Asia
   142,096	33,115	17,732	32,012	11,767	5,350	32,566	11,486	286,127

2. Property, plant and equipment As of March 31, 2025

   Millions of yen
   Japan	Thailand	Indonesia	China	India	Other	Total
   7,626	393	269	653	4,159	640	13,742

   As of March 31, 2026

   Millions of yen
   Japan	Thailand	Indonesia	China	India	Other	Total
   7,248	646	218	624	4,223	588	13,549

3. Impairment loss of the non-current assets by reportable segments Year ended March 31, 2025 (April 1, 2024 through March 31, 2025)

   Millions of yen

   	Reportable segments			Eliminations/ Corporate	Consolidated
   	Green Technology System Division	Paint Finishing System Division	Total
   Impairment loss	3,339	-	3,339	0	3,339

   (Note) Eliminations/ Corporate is generated from impairment loss of idle assets.

   Year ended March 31, 2026 (April 1, 2025 through March 31, 2026)

   Millions of yen

   	Reportable segments			Eliminations/ Corporate	Consolidated
   	Green Technology System Division	Paint Finishing System Division	Total
   Impairment loss	-	402	402	0	402

   (Note) Eliminations/ Corporate is generated from impairment loss of idle assets.

4. Amortization of goodwill and the unamortized balance by reportable segments As of March 31, 2025

Millions of yen

(Note) Amortization of goodwill is omitted because this information is already disclosed in "Sales, profits or losses, assets, liabilities and other items by reportable segments".

As of March 31, 2026

Millions of yen

(Note) Amortization of goodwill is omitted because this information is already disclosed in "Sales, profits or losses, assets, liabilities and other items by reportable segments".

‌2 Non-consolidated Financial Statements

1. Balance Sheets (Non-consolidated)

   		Millions of yen
   	As of March 31, 2025	As of March 31, 2026
   Assets
   Current assets
   Cash and deposits	5,308	30,618
   Notes receivable-trade	160	23
   Electronically recorded monetary claims	2,419	3,344
   Accounts receivable from completed construction contracts	102,898	71,992
   Costs on uncompleted construction contracts	33	40
   Raw materials and supplies	308	393
   Prepaid expenses	752	900
   Accounts receivable-other	2,695	2,761
   Other	2,087	1,529
   Allowance for doubtful accounts	(59)	(191)
   Total current assets	116,603	111,411
   Non-current assets
   Property, plant and equipment
   Buildings	6,816	6,911
   Accumulated depreciation	(2,119)	(2,389)
   Buildings, net	4,697	4,522
   Structures	314	279
   Accumulated depreciation	(96)	(80)
   Structures, net	218	198
   Machinery and equipment	1,625	1,634
   Accumulated depreciation	(922)	(1,059)
   Machinery and equipment, net	702	574
   Vehicles	2	3
   Accumulated depreciation	(2)	(2)
   Vehicles, net	0	1
   Tools, furniture and fixtures	1,066	1,123
   Accumulated depreciation	(786)	(892)
   Tools, furniture and fixtures, net	279	230
   Land	1,005	1,005
   Leased assets	17	17
   Accumulated depreciation	(6)	(9)
   Leased assets, net	11	8
   Construction in progress	15	40
   Total property, plant and equipment	6,931	6,581
   Intangible assets
   Software	848	1,021
   Other	274	137
   Total intangible assets	1,122	1,158

   		Millions of yen
   	As of March 31, 2025	As of March 31, 2026
   Investments and other assets
   Investment securities	25,609	32,205
   Shares of subsidiaries and associates	12,482	12,751
   Investments in capital	0	0
   Long-term loans receivable	292	237
   Long-term loans receivable from employees	11	7
   Lease and guarantee deposits	1,304	1,321
   Long-term prepaid expenses	491	664
   Prepaid pension cost	8,259	8,925
   Other	15	15
   Allowance for doubtful accounts	(158)	(56)
   Total investments and other assets	48,308	56,073
   Total non-current assets	56,362	63,813
   Total assets	172,965	175,225
   Liabilities
   Current liabilities
   Notes payable-trade	458	113
   Electronically recorded obligations - operating	11,957	7,151
   Accounts payable for construction contracts	13,807	10,450
   Short-term loans payable	12,051	1,611
   Lease liabilities	2	2
   Accounts payable-other	8,391	10,907
   Accrued expenses	775	796
   Income taxes payable	1,325	4,234
   Advances received on uncompleted construction contracts	1,028	2,405
   Deposits received	294	475
   Unearned revenue	17	17
   Provision for warranties for completed construction	140	182
   Provision for loss on construction contracts	237	0
   Provision for directors' bonuses	169	244
   Other	861	1,309
   Total current liabilities	51,518	39,904
   Non-current liabilities
   Long-term loans payable	100	28
   Lease liabilities	8	5
   Deferred tax liabilities	4,705	6,140
   Provision for retirement benefits	99	101
   Provision for share awards	54	100
   Provision for share awards for directors	439	831
   Other	195	218
   Total non-current liabilities	5,604	7,425
   Total liabilities	57,123	47,329

   		Millions of yen
   	As of March 31, 2025	As of March 31, 2026
   Net assets
   Shareholders' equity
   Capital stock	6,455	6,455
   Capital surplus
   Legal capital surplus	7,297	7,297
   Other capital surplus	79	-
   Total capital surpluses	7,376	7,297
   Retained earnings
   Legal retained earnings	1,613	1,613
   Other retained earnings
   Reserve for reduction entry	0	0
   Reserve for investment on information technology	1,400	1,600
   General reserve	35,720	35,720
   Retained earnings brought forward	56,585	59,662
   Total retained earnings	95,319	98,596
   Treasury shares	(4,969)	(1,057)
   Total shareholders' equity	104,181	111,291
   Valuation and translation adjustments
   Valuation difference on available-for-sale securities	11,688	16,595
   Deferred gains or losses on hedges	(27)	8
   Total valuation and translation adjustments	11,660	16,604
   Total net assets	115,842	127,895
   Total liabilities and net assets	172,965	175,225

2. Income Statements (Non-consolidated)

   		Millions of yen
   	Year ended March 31, 2025 Apr. 1, 2024 - Mar. 31, 2025	Year ended March 31, 2026 Apr. 1, 2025 - Mar. 31, 2026
   Net sales of completed construction contracts	144,624	145,404
   Cost of sales of completed construction contracts	117,228	111,218
   Gross profit on completed construction contracts	27,396	34,185
   Selling, general and administrative expenses
   Directors' compensations	353	375
   Employees' salaries and allowances	7,857	9,561
   Provision for directors' bonuses	169	244
   Retirement benefit expenses	131	213
   Provision for share awards	30	59
   Provision for share awards for directors	169	391
   Legal welfare expenses	1,031	1,110
   Welfare expenses	413	435
   Repair and maintenance	236	244
   Stationery expenses	1,044	1,326
   Correspondence and transportation expenses	847	1,231
   Power utilities expenses	64	79
   Research study expenses	508	512
   Advertising expenses	207	252
   Provision of allowance for doubtful accounts	33	124
   Entertainment expenses	117	133
   Donation	4	5
   Rents	885	1,127
   Depreciation	741	903
   Taxes and dues	569	647
   Insurance expenses	86	104
   Miscellaneous expenses	2,000	2,944
   Total selling, general and administrative expenses	17,503	22,028
   Operating income	9,893	12,156
   Non-operating income
   Interest income	33	16
   Interest on securities	4	-
   Dividends income	5,201	7,253
   Dividends income of insurance	191	155
   Real estate rent	220	270
   Foreign exchange gains	-	57
   Technical advisory fee	1,623	1,670
   Reversal of allowance for doubtful accounts	70	93
   Other	81	75
   Total non-operating income	7,427	9,592
   Non-operating expenses
   Interest expenses	58	173
   Rent expenses on real estates	34	31
   Foreign exchange losses	99	-
   Other	41	58
   Total non-operating expenses	233	264
   Ordinary income	17,087	21,485

   		Millions of yen
   	Year ended March 31, 2025 Apr. 1, 2024 - Mar. 31, 2025	Year ended March 31, 2026 Apr. 1, 2025 - Mar. 31, 2026
   Extraordinary income
   Gain on disposal of non-current assets	38	-
   Gain on sales of investment securities	2,388	1,442
   Total extraordinary income	2,426	1,442
   Extraordinary losses
   Loss on disposal of non-current assets	3	7
   Impairment loss	1	1
   Loss on valuation of investment securities	-	25
   Loss on valuation of shares of subsidiaries and associates	4,932	-
   Total extraordinary losses	4,937	34
   Income before income taxes	14,577	22,892
   Income taxes-current	3,886	6,358
   Income taxes-deferred	424	(840)
   Total income taxes	4,311	5,518
   Profit	10,266	17,374

3. Statements of Changes in Net Assets (Non-consolidated)

Year ended March 31, 2025 (April 1, 2024 through March 31, 2025)

Millions of yen

Millions of yen

Year ended March 31, 2026 (April 1, 2025 through March 31, 2026)

Millions of yen

Millions of yen

‌(Supplementary information)

1. Changes of Directors

   1. Changes of Representatives None

   2. Changes of Other Directors (as of June 24, 2026)

      1. Candidates for New Directors Director：Takuji Fukunaga

         (Managing Corporate Officer, Paint Finishing System Division Chief General Manager (current position))

         Director：Yoshihiro Matsuda

         (Managing Corporate Officer, Corporate Planning Headquarters Chief Executive, in charge of Sustainability Promotion (current position))

      2. Retiring Director Director：Masanori Nakagawa Director：Yukinori Hamanaka

2. Statement for orders-received, net sales of completed construction contracts, and construction carried forward by each division (consolidated)

   Millions of yen

   			Year ended March 31, 2025 (Apr. 1, 2024 - Mar. 31, 2025)						Year ended March 31, 2026 (Apr. 1, 2025 - Mar. 31, 2026)						Increase (decrease)
   			Amounts			%			Amounts			%			Amounts			%
   Orders-received
   	Green Technology System Division
   		HVAC for buildings	53,795			19.4			77,129			21.9			23,334			43.4
   		Industrial HVAC	125,402			45.2			139,458			39.7			14,056			11.2
   		Total	179,197			64.6			216,588			61.6			37,390			20.9
   		[Overseas]	[	60,386	]	[	21.8	]	[	72,342	]	[	20.6	]	[	11,955	]	[	19.8	]
   	Paint Finishing System Division		98,205			35.4			135,151			38.4			36,946			37.6
   		[Overseas]	[	79,757	]	[	28.8	]	[	113,138	]	[	32.2	]	[	33,380	]	[	41.9	]
   	Total		277,403			100.0			351,740			100.0			74,336			26.8
   		[Overseas]	[	140,143	]	[	50.6	]	[	185,480	]	[	52.8	]	[	45,336	]	[	32.4	]
   Net sales of completed construction contracts
   	Green Technology System Division
   		HVAC for buildings	36,839			13.3			46,186			16.2			9,346			25.4
   		Industrial HVAC	132,580			48.0			136,856			47.8			4,276			3.2
   		Total	169,420			61.3			183,043			64.0			13,622			8.0
   		[Overseas]	[	60,630	]	[	22.0	]	[	61,448	]	[	21.5	]	[	818	]	[	1.3	]
   	Paint Finishing System Division		106,792			38.7			103,084			36.0			(3,707)			(3.5)
   		[Overseas]	[	71,004	]	[	25.7	]	[	82,582	]	[	28.9	]	[	11,577	]	[	16.3	]
   	Total		276,212			100.0			286,127			100.0			9,914			3.6
   		[Overseas]	[	131,635	]	[	47.7	]	[	144,031	]	[	50.4	]	[	12,395	]	[	9.4	]
   Construction carried forward
   	Green Technology System Division
   		HVAC for buildings	56,015			23.4			86,958			28.6			30,943			55.2
   		Industrial HVAC	97,208			40.5			99,307			32.6			2,099			2.2
   		Total	153,223			63.9			186,265			61.2			33,042			21.6
   		[Overseas]	[	42,371	]	[	17.7	]	[	52,762	]	[	17.3	]	[	10,390	]	[	24.5	]
   	Paint Finishing System Division		86,648			36.1			118,140			38.8			31,492			36.3
   		[Overseas]	[	68,300	]	[	28.5	]	[	98,280	]	[	32.3	]	[	29,980	]	[	43.9	]
   	Total		239,871			100.0			304,405			100.0			64,534			26.9
   		[Overseas]	[	110,671	]	[	46.2	]	[	151,042	]	[	49.6	]	[	40,371	]	[	36.5	]

   (Note) 1. The amounts of orders received, net sales of completed construction contracts, and construction carried forward are the transacted amount with external customers.

   1. In the previous consolidated fiscal year, there is 23 million yen difference between net sales of completed construction contracts of 169,420 million yen and total sales of 169,443 million yen in the segment information by the Green Technology System Division.

      There is 163 million yen difference between net sales of completed construction contracts of 106,792 million yen and total sales of 106,956 million yen in the segment information by Paint Finishing System Division.

      Above differences are due to intersegment sales.

   2. In the consolidated fiscal year, there is 133 million yen difference between net sales of completed construction contracts of 183,043 million yen and total sales of 183,176 million yen in the segment information by the Green Technology System Division.

   There is 4 million yen difference between net sales of completed construction contracts of 103,084 million yen and total sales of 103,088 million yen in the segment information by Paint Finishing System Division.

   Above differences are due to intersegment sales.

   4.	Regarding foreign exchange translation of contracts carried forward from previous year in foreign consolidated subsidiaries, fluctuation amount because of foreign exchange is adjusted in the beginning balance of construction contracts carried forward. Beginning balance of construction contracts carried forward after adjustment in the fiscal year is as follows.
   	Green Technology System Division
   	HVAC for buildings	56,015	million yen
   	Industrial HVAC	96,705	million yen	[ overseas	41,868	million yen]
   	Sub total	152,720	million yen	[ overseas	41,868	million yen]
   	Paint Finishing System Division	86,072	million yen	[ overseas	67,724	million yen]
   	Total	238,793	million yen	[ overseas	109,593	million yen]

3. Statement for orders-received, net sales of completed construction contracts, and construction carried forward by each division (Non-consolidated)

Millions of yen