Financial Summary for the Six Months Ended March 2027 (Q2) [Japanese GAAP] (Consolidated)

Overview of Results

For the six months ended March 2027, consolidated net sales expanded to 69,767 million yen (Year-over-Year +6.4%). However, operating income decreased to 4,302 million yen (Year-over-Year -12.1%) due to the impact of unrealized profit elimination and increased selling, general and administrative expenses. Ordinary income was 4,332 million yen (Year-over-Year -15.0%), and net income attributable to owners of parent was 3,455 million yen (Year-over-Year -12.0%). By segment, Japan performed steadily, while demand trends varied across the Americas, Europe and Asia & Oceania. The company has left its full-year forecast unchanged from the previously announced figures.

Shareholder Returns and Financial Position

At the end of the interim period, total assets were 1,240,099 million yen and net assets were approximately 677,? million yen (the specific figure is provided later in the main text), resulting in an equity ratio of 54.4% (prior fiscal year-end: 54.1%), essentially flat. The current dividend policy indicates an annual dividend of 100 yen (forecast for the fiscal year ending March 2027), with an interim dividend calculated at 50 yen. There were impacts during the interim period due to increased intra-group trading inventory, but the financial base remains stable.