Strengthening Human Capital, Quality and Connectivity under the FY2024 Medium-Term Management Plan

「Revenue was ¥1 billion above plan, an increase of 1.3%. In terms of profit, profit margins improved as initiatives to prioritize order profitability, which have continued since the previous fiscal year, steadily took hold, together with efforts to improve productivity. As a result, operating profit was ¥800 million above plan, an increase of 21.5%, and ordinary profit was ¥1.4 billion above plan, an increase of 34.6%, partly due to the recognition of derivative valuation gains associated with exchange-rate movements. Net income attributable to owners of the parent was ¥800 million above plan, an increase of 26.1%, due to the recognition of extraordinary gains from the sale of cross-shareholdings and rental real estate to improve asset efficiency.」

「Against this backdrop, the group formulated the FY2024 Medium-Term Management Plan (FY2024-FY2026) last year, setting “Building a strong and resilient Q'd with ‘people’ at the center” as its basic policy and addressing its key issues. During the interim period, the virtuous cycle of investment centered on “people” is steadily producing results, with orders increasing substantially year on year. The group will continue working to further expand orders and achieve its profit targets.」

「Revenue was ¥2.22 billion below plan, a decrease of 24.8%. In terms of profit, although the company reduced expenses and recorded actuarial differences under retirement benefit accounting as reductions in cost of sales and selling, general and administrative expenses, lower revenue and other factors resulted in operating profit being ¥500 million below plan, a decrease of 16.7%, and ordinary profit being ¥200 million below plan, a decrease of 7.2%. Net income attributable to owners of the parent was ¥0 billion below plan, a decrease of 3.3%.」

「For example, in June this year, the company reorganized into functional organizations such as sales, estimating and construction, and established new branches serving as locally rooted sales bases to strengthen its sales capabilities and competitiveness. This enabled it to integrate previously dispersed information, knowledge and skills, leading to orders from new customers and new business areas.」

「The group formulated the “FY2024 Medium-Term Management Plan (FY2024-FY2026)” to adapt to changes in the business environment and achieve sustainable growth. With the goal of achieving its targets for the final year, FY2026, it has placed “people” at the highest priority and is addressing 3 key issues.」