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

Business Performance Overview

In the second quarter, sales in both the kitchen division and the bathtub & washbasin division exceeded the same period of the previous year, resulting in consolidated revenue of 69,600 million yen (YoY +6.4%). Expansion of sales of higher value-added products and cost reduction efforts contributed to an operating income of 1,852 million yen (YoY +37.0%) and ordinary income of 2,138 million yen (YoY +28.6%), delivering profit growth. Interim net income was also substantially higher at 1,344 million yen. Although geopolitical risks and high raw material costs persist, strengthened sales capabilities and cost management contributed to results.

Financial Position and Outlook

At the end of the interim period, total assets stood at 94,532 million yen and the equity ratio was 65.0%, with total equity of 61,431 million yen. Cash and deposits were 18,853 million yen. The dividend policy is expected to remain unchanged, and preparation of supplementary explanatory materials for the financial statements is ongoing. The consolidated full-year earnings forecast remains unchanged, and the company will continue to monitor geopolitical risks and raw material price fluctuations while pursuing SG&A expense restraint and ongoing cost reductions.