Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedIFRSThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in Thousand US dollars).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Although order intake declined due to changes in the specifications of the existing FPSO construction project and other factors, operating profit increased due to the recognition of revenue and gross profit from steady progress on the FPSO construction project, as well as the recognition of US$46,389 thousand in profit from investments accounted for using the equity method.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | 1,077,078 Thousand US dollars (YoY +23.4%) |
| Operating profit | 122,741 Thousand US dollars (YoY +63.2%) |
| Ordinary income | 130,424 Thousand US dollars (YoY +81.2%) |
| Profit attributable to owners of the parent | 99,144 Thousand US dollars (YoY +78.2%) |
| Net income per share | ¥231.97 |
| Equity ratio | End of the current fiscal period 31.2 / End of previous period 30.5 |
| Total assets | 4,862,082 Thousand US dollars |
| Net assets | 1,545,164 Thousand US dollars |
| Cash flows from operating activities | 670,788 Thousand US dollars |
| Cash flows from investing activities | 6,497 Thousand US dollars |
| Cash flows from financing activities | -40,790 Thousand US dollars |
| Cash and cash equivalents at end of period | 1,961,484 Thousand US dollars |
| Full-year earnings forecast | Net Sales 4,600,000 Thousand US dollars (YoY +0.4%) / Operating profit 460,000 Thousand US dollars (YoY +5.1%) / Ordinary income 500,000 Thousand US dollars (YoY -1.6%) / Net income 370,000 Thousand US dollars (YoY +2.6%) |
| Annual Dividend Forecast | ¥140 → ¥200 |
| Orders received and order backlog | Orders received 129,315 Thousand US dollars / Order backlog 17,859,461 Thousand US dollars |
| Depreciation and amortization | 9,857 Thousand US dollars |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Not disclosed |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name None |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 68,345,300 Shares |
| Treasury Shares at Period-End | 4,633 Shares |
| Factors Behind Changes in Business Performance | Although order intake declined due to changes in the specifications of the existing FPSO construction project and other factors, operating profit increased due to the recognition of revenue and gross profit from steady progress on the FPSO construction project, as well as the recognition of US$46,389 thousand in profit from investments accounted for using the equity method. |
Items this document does not state (10)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Revenue and gross profit were recognized as a result of steady progress on the FPSO construction project, and profit from investments accounted for using the equity method was also recorded. Order intake declined due to changes in the specifications of the existing FPSO construction project and other factors.