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⚫ FUKUDA Fiscal Year Ending December 2026 Second Quarter Financial Results Presentation August 2026 Fukuda Corporation Securities Code : 1899 © 2026 Fukuda Corporation .
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Contents 2 Ⅰ. Second Quarter Financial Results Ⅰ-１Consolidated Profit and Loss Summary Ⅰ-２Consolidated Segment Performance Summary Ⅰ-３Consolidated Balance Sheet Summary Ⅱ. Financial Outlook Ⅱ-１Full-Year Financial Results Forecast Ⅱ-２Dividends / Shareholder Returns Ⅱ-３Orders Forecast Ⅱ-４Financial Performance Trends (Reference) Ｐ１０ © 2026 Fukuda Corporation. Ｐ９ Ｐ８ Ｐ７ Ｐ６ Ｐ４ Ｐ３
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Ⅰ-1 Consolidated Financial Results Summary 3 2Q FY2025 2Q FY2026 Change Percentage Change Net sales 77,503 88,862 11,358 14.7％ Gross profit 8,551 10,998 2,446 28.6％ Selling, general and administrative expenses (SG&A) 4,955 5,178 222 4.5％ Operating profit 3,596 5,819 2,223 61.8％ Ordinary profit 3,802 6,074 2,272 59.8％ Profit attributable to owners of parent 2,555 4,380 1,824 71.4％ Net sales increased as large-scale private-sector building construction projects carried over from the previous fiscal year progressed steadily without delays. Gross profit increased due to higher net sales, steady progress of construction projects, and a reduction in unprofitable projects. Operating profit and other profit categories also increased year on year. © 2026 Fukuda Corporation. Revenue and profit both increased year on year. Unit: JPY million
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Ⅰ-2 Consolidated Segment Performance Summary (Net Sales) 4 ・Net sales increased year on year in all segments. ・Building Construction recorded a significant increase, driven mainly by the steady progress of large-scale construction projects. ・The Real Estate segment posted a slight increase in net sales due to sales performance at subsidiaries. © 2026 Fukuda Corporation. Net sales increased year on year in all segments. Segment name 2Q FY2025 2Q FY2026 Change Percentage Change By business Civil engineering 31,310 32,158 848 2.7％ Building Construction 39,348 49,114 9,765 24.8％ Construction -related 5,498 5,848 349 6.4％ Real Estate 1,013 1,392 379 37.5％ Others 333 348 15 4.6％ Segment subtotal 77,503 88,862 11,358 14.7％ Corporate expenses - - - - Total 77,503 88,862 11,358 14.7％ Unit: JPY million
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Ⅰ-2 Consolidated Segment Performance Summary (Operating Profit) 5 ・The Civil Engineering segment recorded an increase year on year, reflecting improved profit margins across the Group. ・The Building Construction segment recorded a significant increase year on year, driven by the high profitability of large-scale building construction projects. ・The Construction-related segment recorded a decrease year on year due to an increase in intersegment sales. © 2026 Fukuda Corporation. Building Construction recorded a significant increase in operating profit. Segment name 2Q FY2025 2Q FY2026 Change Percentage Change By business Civil engineering 1,345 1,667 321 23.9％ Building Construction 2,176 4,940 2,763 126.9％ Construction -related △77 △923 △846 △1095.9％ Real Estate 205 186 △18 △9.2％ Others 24 25 0 3.6％ Segment subtotal 3,675 5,896 2,220 60.4％ Corporate expenses △79 △76 2 3.1％ Total 3,596 5,819 2,223 61.8％ Unit: JPY million
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Ⅰ-3 Consolidated Balance Sheet Summary 6 2Q FY2025 2Q FY2026 Change Percentage Change Current assets 104,770 115,221 10,451 10.0％ Non-current assets 37,609 40,753 3,143 8.4％ Total assets 142,379 155,974 13,594 9.5％ Current liabilities 49,401 55,356 5,954 12.1％ Non-current liabilities 7,102 7,648 545 7.7％ Total liabilities 56,503 63,004 6,500 11.5％ Net assets 85,875 92,969 7,094 8.3％ Total liabilities and net assets 142,379 155,974 13,594 9.5％ Equity ratio 60.1％ 59.4％ △0.7％ － Total assets increased due mainly to higher cash and deposits and trade receivables. Although trade payables decreased, total liabilities increased 11.5% year on year, mainly due to an increase in advances received on construction contracts in progress and other liabilities. As both total assets and total liabilities increased, the equity ratio declined from 60.1% to 59.4%. © 2026 Fukuda Corporation. Equity ratio declined. Unit: JPY million
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Ⅱ-1 Full-Year Financial Results Forecast 7 As of the second quarter, net sales had reached 50.6% of the original forecast, while each profit category achieved progress of approximately 80%. Looking ahead, net sales are expected to exceed the original forecast, supported by the steady progress of construction projects, particularly large-scale private-sector building construction projects. Profit is also expected to increase due to the maintenance of safety and quality standards, steady progress of construction projects, and a reduction in unprofitable projects. Based on these factors, the Company has revised upward both its net sales and profit forecasts. Original Forecast Revised Forecast Change Percentage Change 2Q FY2026 Actual Progress vs. Original Forecast Progress vs. Revised Forecast Net sales 175,600 190,500 14,900 8.5％ 88,862 50.6％ 46.6％ Operating profit 7,600 9,300 1,700 22.4％ 5,819 76.6％ 62.6％ Ordinary profit 7,800 9,600 1,800 23.1％ 6,074 77.9％ 63.3％ Profit attributable to owners of parent 5,000 6,400 1,400 28.0％ 4,380 87.6％ 68.4％ Both net sales and profit forecasts were revised upward. © 2026 Fukuda Corporation. (Note)Please refer to Page 9 for Fukuda Corporation’s non- consolidated second-quarter orders received and orders forecast. Unit: JPY million
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Ⅱ-2 Dividends / Shareholder Returns 8 ROE is expected to increase from the 6% range to the 7% range. The Company has also raised its basic dividend and plans to increase the year-end dividend by ¥10 per share from the original forecast to ¥140 per share. The dividend payout ratio is expected to remain in the 30% range. Annual dividend forecast: ¥140 per share Basic dividend increased © 2026 Fukuda Corporation. (Note)The Company conducted a stock split at a ratio of two shares of common stock for each share held, with an effective date of July 1, 2026. Therefore, the forecast year-end dividend of ¥140 per share for the fiscal year ending December 2026 is equivalent to ¥280 per share on a pre-stock-split basis.
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Ⅱ-３ Orders Forecast 9 Original Forecast Revised Forecast Change Percentage Change 2Q FY2026 Actual Progress vs. Original Forecast Consolidated 172,500 172,500 － 0％ 93,970 54.5％ Non-Consolidated 100,400 100,400 － 0％ 52,482 52.3％ No change from the original forecast. Although orders received as of the second quarter decreased year on year, they have progressed steadily in line with the original forecast. However, shortages of engineers and labor continue to be a challenge, and growth in orders during the second half remains uncertain. Accordingly, the forecast has been left unchanged. © 2026 Fukuda Corporation. Unit: JPY million
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Ⅱ-4 Financial Performance Trends (Reference) 10 © 2026 Fukuda Corporation.
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11 Forward-looking statements, including earnings forecasts, contained in this presentation are based on information available and judgments made as of the date of this presentation. Actual results may differ materially due to various uncertainties and other factors. Contact: Corporate Planning Department, Corporate Management Office TEL +81-25-266-9111（main） © 2026 Fukuda Corporation.