Second Quarter Financial Presentation Materials

Performance Overview

In the first half, net sales were 13,426 million yen, up 16.4% year-over-year; operating income was 1,472 million yen, up 31.6%; and interim net income was 998 million yen, up 17.2%, marking a record high for a first half. By segment, demand expansion for capacitors & modules and contributions from high value-added equipment were strong. Meanwhile, the impact of surging raw material prices was contained, and benefits from a weaker yen helped secure profit growth. Full-year guidance has been revised upward to net sales of 32,000 million yen, operating income of 3,200 million yen, and net income of 2,300 million yen.

Outlook and Capital Allocation

With the upward revision to the full-year forecast, the company will continue to accelerate growth investments. Capital expenditure will be expanded in priority areas such as capacitors for industrial equipment, and the company plans an annual dividend of 27.5 yen per share. Forex sensitivity was slightly adjusted from USD 150 yen to USD 155 yen. Segment contribution assumptions include revenue and profit growth for capacitors & modules and growth of high value-added products in power equipment systems.