Interim report
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Note : This document has been translated from the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( Under Japanese GAAP ) Company name : Fudo Tetra Corporation Listing : Tokyo Stock Exchange Securities code : 1813 URL : https://www.fudotetra.co.jp Representative : Shinya Okuda Inquiries : Daisuke Kitagaki Telephone : + 81-03 ) 5644-8500 President , Representative Director General Manager of Finance Department , Administration Unit Scheduled date to commence dividend payments : Preparation of supplementary material on financial results : None Holding of financial results briefing : None August 6 , 2026 ( Yen amounts are rounded to the nearest million , unless otherwise noted . ) 1. Consolidated financial results for the three months ended June 30 , 2026 ( from April 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated operating results ( cumulative ) ( Percentages indicate year - on - year changes . ) Net sales Operating profit Ordinary profit Three months ended June 30 , 2026 Millions of yen 20,531 June 30 , 2025 Note : Comprehensive income 16,848 21.9 29.2 % Millions of yen 1,410 % 41.2 Millions of yen 1,260 % Profit attributable to owners of parent Millions of yen % 12.1 735 0.3 999 1,124 732 For the three months ended June 30 , 2026 : For the three months ended June 30 , 2025 : ¥ 851 million [ 16.9 % ] ¥ 728 million [ - % ] Basic earnings per share Diluted earnings per share Three months ended June 30 , 2026 June 30 , 2025 ( 2 ) Consolidated financial position Yen 48.50 48.42 Yen As of June 30 , 2026 Total assets Net assets Millions of yen 62,414 71,168 Millions of yen As of June 30 , 2026 : As of March 31 , 2026 : Equity - to - asset ratio 37,633 % 59.5 38,541 53.5 ¥ 37,156 million ¥ 38,077 million March 31 , 2026 Reference : Equity
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22222..... CCCCCaaaaassssshhhhh dddddiiiiivvvvviiiiidddddeeeeennnnndddddsssss Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended - 0.00 - 115.00 115.00March 31, 2026 Fiscal year ending -March 31, 2027 Fiscal year ending March 31, 2027 (Forecast) 30.00 - 85.00 115.00 Note: Revisions to the forecast of cash dividends most recently announced: None Note:The interim dividend for the fiscal year ending March 31, 2027 is scheduled to be 30 yen, as a commemorative dividend for the 20th anniversary of the merger. 33333..... CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuulllllttttt fffffooooorrrrreeeeecccccaaaaassssstttttsssss fffffooooorrrrr ttttthhhhheeeee fffffiiiiissssscccccaaaaalllll yyyyyeeeeeaaaaarrrrr eeeeennnnndddddiiiiinnnnnggggg MMMMMaaaaarrrrrccccchhhhh 3333311111,,,,, 22222000002222277777 (((((fffffrrrrrooooommmmm AAAAAppppprrrrriiiiilllll 11111,,,,, 22222000002222266666 tttttooooo MMMMMaaaaarrrrrccccchhhhh 3333311111,,,,, 22222000002222277777))))) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Full year 81,000 (0.9) 4,800 (18.9) 4,900 (20.0) 3,200 (28.3) 211.23 Note: Revisions to the financial result forecast most recently announced: None ***** NNNNNooooottttteeeeesssss (1) Significant changes in the scope of consolidation during the period: None Newly included: - companies( ) Excluded: - companies( ) (2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2026 16,489,522 shares As of March 31, 2026 16,489,522 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 1,338,828 shares As of March 31, 2026 1,340,168 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026 15,149,609 shares Three months ended June 30, 2025 15,123,435 shares Note: The Company introduced the Board Incentive Plan (BIP) trust in the second quarter of the fiscal year ended March 31, 2017. Shares of the Company held by the Plan’s trust account (145,861 shares for the three months ended June 30, 2026) are included in treasury shares. In addition, the shares of the Company held by the Plan’strust account are included in treasury shares to be deducted in the calculation of the average number of shares outstanding during the period in calculating such average. * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None
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Quarterly Consolidated Financial Statements and Primary Notes Quarterly Consolidated Balance Sheet (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 10,433 9,165 Notes receivable, accounts receivable from completed construction contracts and other 4,874 3,329 Contract assets 27,625 23,979 Electronically recorded monetary claims - operating 1,883 1,305 Costs on construction contracts in progress 794 749 Real estate for sale 115 117 Raw materials and supplies 1,417 1,524 Accounts receivable - other 1,826 895 Deposits paid 434 1,054 Other 2,447 1,860 Allowance for doubtful accounts (170) (152) Total current assets 51,678 43,824 Non-current assets Property, plant and equipment 12,963 12,690 Intangible assets 850 856 Investments and other assets Investment securities 3,553 3,391 Other 2,157 1,688 Allowance for doubtful accounts (34) (34) Total investments and other assets 5,676 5,045 Total non-current assets 19,490 18,590 Total assets 71,168 62,414 Liabilities Current liabilities Notes payable, accounts payable for construction contracts and other 6,706 6,983 Short-term borrowings 15,000 7,500 Income taxes payable 1,610 90 Contract liabilities 1,208 3,801 Provisions 2,561 676 Other 3,316 3,580 Total current liabilities 30,402 22,630
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(Millions of yen) As of March 31, 2026 As of June 30, 2026 Non-current liabilities Provisions 112 107 Long-term borrowings 450 450 Retirement benefit liability 659 609 Lease liabilities 347 355 Long-term accounts payable - other 596 549 Other 60 81 Total non-current liabilities 2,225 2,150 Total liabilities 32,627 24,781 Net assets Shareholders' equity Share capital 5,000 5,000 Capital surplus 14,756 14,756 Retained earnings 18,979 17,954 Treasury shares (1,803) (1,800) Total shareholders' equity 36,932 35,910 Accumulated other comprehensive income Valuation difference on available-for-sale securities 802 812 Foreign currency translation adjustment 275 321 Remeasurements of defined benefit plans 68 113 Total accumulated other comprehensive income 1,145 1,246 Non-controlling interests 464 477 Total net assets 38,541 37,633 Total liabilities and net assets 71,168 62,414
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Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statement of Income For the Three-Month Period (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Net sales Net sales of completed construction contracts 16,406 20,077 Net sales in sideline businesses 442 454 Total net sales 16,848 20,531 Cost of sales Cost of sales of completed construction contracts 13,360 16,567 Cost of sales in sideline businesses 299 309 Total cost of sales 13,658 16,875 Gross profit Gross profit on completed construction contracts 3,046 3,510 Gross profit on sideline businesses 143 146 Total gross profit 3,190 3,656 Selling, general and administrative expenses 2,191 2,245 Operating profit 999 1,410 Non-operating income Interest income 5 5 Dividend income 139 100 Patent enforcement income 0 0 Share of profit of entities accounted for using equity method 28 - Foreign exchange gains - 9 Other 11 13 Total non-operating income 183 127 Non-operating expenses Interest expenses 27 43 Share of loss of entities accounted for using equity method - 223 Provision of allowance for doubtful accounts - 1 Commission expenses 4 5 Guarantee commission 10 6 Foreign exchange losses 17 - Other 1 0 Total non-operating expenses 58 278 Ordinary profit 1,124 1,260 Extraordinary income Gain on sale of non-current assets 7 5 Total extraordinary income 7 5 Extraordinary losses Loss on sale of non-current assets 10 - Loss on retirement of non-current assets 0 0 Total extraordinary losses 10 0 Profit before income taxes 1,121 1,265 Income taxes - current 28 83 Income taxes - deferred 367 432 Total income taxes 395 515 Profit 727 750 Profit (loss) attributable to non-controlling interests (5) 15 Profit attributable to owners of parent 732 735
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Quarterly Consolidated Statement of Comprehensive Income For the Three-Month Period (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Profit 727 750 Other comprehensive income Valuation difference on available-for-sale securities 14 10 Foreign currency translation adjustment (69) 46 Remeasurements of defined benefit plans, net of tax 56 45 Total other comprehensive income 1 101 Comprehensive income 728 851 Comprehensive income attributable to Comprehensive income attributable to owners of parent 734 835 Comprehensive income attributable to non-controlling interests (6) 16
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Highlights (results for the period under review and full-year forecasts) (Millions of yen) Three months ended June 30, 2025 (actual) Three months ended June 30, 2026 (actual) Increase (decrease) from three months ended June 30, 2025 Orders on hand at beginning of period Civil engineering 56,748 52,661 (4,087) Soil improvement 18,547 20,011 1,463 Blocks 309 425 116 Company total 75,188 73,068 (2,120) Orders received Civil engineering 8,878 3,817 (5,061) Soil improvement 23,270 18,361 (4,909) Blocks 626 662 36 Company total 32,636 22,694 (9,942) Net sales Civil engineering 7,517 8,881 1,365 Soil improvement 9,196 11,534 2,338 Blocks 339 253 (86) Company total 16,848 20,531 3,684 Operating profit Civil engineering 287 45 (242) Soil improvement 1,012 1,442 430 Blocks (148) (155) (7) Company total 999 1,410 412 * The total for the three segments does not correspond to the total for the entire company because the total for the entire company includes figures other than the three segments and consolidated adjustments.