Financial Summary for the Third Quarter of the Fiscal Year Ending December 2026 (Japan GAAP) (Consolidated)

Overview of Performance

For the nine-month consolidated period of the fiscal year ending December 2026, despite continued global economic uncertainty, the valve business benefited from price revisions and foreign exchange effects, demand expansion for semiconductor equipment, and the addition of the VITEX Group to consolidation, resulting in revenue increasing 18.6% YoY to 155,178 million yen. Operating income rose despite headwinds such as higher raw material and component costs and reduced sales volumes in some overseas markets, driven by contributions from VITEX and movements in copper prices. Ordinary income and net income also exceeded the prior year. There is no change to the full-year forecast.

Segment Performance and Financial Position

The Valve Business posted revenue of 120,344 million yen and operating income of 15,295 million yen. The Metal Solution Business recorded revenue of 32,720 million yen and operating income of 1,344 million yen. Other businesses reported revenue of 2,112 million yen and operating income of 137 million yen. The segment name has been changed from "Copper Products Business" to "Metal Solution Business," and the increase in goodwill is provisional recognition due to the consolidation of the VITEX Group rather than acquisition-related expenses. Cash and cash equivalents were 3,229 million yen, net assets were 12,553 million yen, and the equity ratio remained stable at 56.5%.