#Earnings

Operating revenue for the fiscal year ending May 2026 is revised to JPY 176.89 billion (11.1% YoY increase), operating income to JPY 9.657 billion (18.5% YoY increase), net income attributable to owners of parent to JPY 8.369 billion (21.3% YoY increase), and dividend per unit to JPY 3,169 (5.6% increase).

The consolidated earnings guidance for the fiscal year ending December 2025 has been upwardly revised to net sales of 70,700 million yen (+1.0% from previous forecast) and operating income of 10,800 million yen (+8.0%). The dividend forecast has also been raised, with a year-end dividend of 30 yen, resulting in an increased annual dividend of 55 yen.

Net sales of 34,845 million yen (15.5% YoY increase), operating income of 2,817 million yen (19.9% YoY decrease), quarterly net income attributable to owners of parent of 1,795 million yen (9.2% YoY decrease), full-year sales target for FY2026 August of 150,000 million yen (progress rate 23.2%)

The full-year consolidated operating income forecast for the fiscal year ending February 2026 has been revised upward by 27.9% to 5,500 million yen, and net income attributable to owners of parent has been revised upward by 25.0% to 5,000 million yen.

Revised consolidated net sales forecast for the fiscal year ending May 2026 upward by 1,000 million yen (0.8%) to 132,000 million yen, and operating income by 1,500 million yen (42.9%) to 5,000 million yen.

For the fiscal year ending February 2026, net sales have been revised down by 1.5% from the previous forecast to 468,000 million yen. Conversely, operating income has been revised upward by 17.3% to 8,800 million yen, and net income attributable to owners of parent has been significantly revised upward by 77.8% to 8,000 million yen.

Upward revision of consolidated earnings guidance for the fiscal year ending February 2026 to net sales of 113,500 million yen (9.1% increase from previous forecast), operating income of 10,000 million yen (11.1% increase), and net income attributable to owners of parent of 3,800 million yen (5.6% increase).

For Q3 FY2026, consolidated net sales reached JPY 46.68 billion (YoY 110.0%), operating income was JPY 7.19 billion (YoY 179.6%), and quarterly net income attributable to owners of parent was JPY 3.61 billion (YoY 177.9%), setting new record highs.

Net sales for Q1 2026 were 3.72 billion yen (23.0% YoY increase), and operating income was 840 million yen (25.0% YoY increase), marking a new record high. Order volumes also rose significantly, maintaining steady growth.

Net sales reached 12.32 billion yen (YoY +46.3%), and operating income was 2.36 billion yen (YoY +36.1%), maintaining high growth. Rizol was made a subsidiary, with consolidation starting from 4Q.

Revised full-year consolidated earnings forecast for the fiscal year ending May 2026 to net sales of 319.9 billion yen (up 2.2% from the previous forecast) and operating income of 6.7 billion yen (down 35.0%).

Partial errors in the 2026 February Period Q3 Earnings Presentation Materials were corrected. The main content includes corrections to cumulative period notations for sales and SG&A breakdowns of group companies.