Financial Summary for the Six-Month Period Ended March 2027 (Second Quarter) [Japanese GAAP]

Overview of Operating Results

For the current interim period, net sales exceeded the same period of the previous year, with both the Ceramics and Engineering segments recording revenue increases. Net sales amounted to 6,657,681 thousand yen, operating income was 940,294 thousand yen, ordinary income was 992,428 thousand yen, and net income for the period was 716,944 thousand yen, all substantially above the prior-year levels. The Ceramics segment benefited from steady demand in the electronic components market, while the Engineering segment was supported by increased capital expenditures. Financial position improved with higher total assets and net assets, and the equity ratio remained at a high level. Cash and deposits decreased, but acquisition of investment securities and valuation gains lifted assets. The full-year forecast is expected to remain unchanged based on the disclosed assumptions.

Outlook and Impact for Shareholders

The solid interim results reflect growth in both the Ceramics and Engineering segments. Continued demand could drive further revenue growth and sustain improved profit margins. Financially, a high equity ratio and healthy cash flows are maintained, supporting the likely continuation of the dividend policy; however, the recent decline in cash is influenced by asset management activities. Overall, investors can expect stable growth, while monitoring capital policy and asset management trends is advisable.