Fiscal Year Ending March 2027 Second Quarter (Interim) Financial Summary [Japanese GAAP] (Consolidated)

Overview of Results

For the second quarter of the fiscal year ending March 2027, consolidated results recorded revenue of 153,759 million yen, a substantial increase year-over-year, and operating income improved markedly to 9,760 million yen. Ordinary income was 9,956 million yen, and interim net income attributable to owners of parent was 8,620 million yen, all significantly exceeding the prior year. By segment, major segments including power infrastructure, social systems and industrial electronics & mobility all performed steadily. Supplementary financial materials and an earnings presentation were provided, and the full-year forecasts were revised upward to revenue of 370,000 million yen, operating income of 35,000 million yen, ordinary income of 35,000 million yen, and net income of 26,000 million yen.

Outlook and Capital Allocation

The full-year forecasts were revised upward from the previous guidance, with continued demand expected in AI/DX-related capital expenditures and growth in power infrastructure and EV-related areas. However, the dividend payment start date and year-end dividend forecast are TBD, so capital policy and shareholder returns require continued attention. Financial position remains solid with total assets of 366,578 million yen and an equity ratio of 49.2%. Current assets have decreased in part, but measures suggesting stabilization of long-term cash generation capability are indicated.