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

Overview of Results

Consolidated net sales for the interim period reached 94,158 hundred million yen, showing growth compared with the prior year. However, sustained high raw material costs and equipment issues in certain segments led to a slowdown in EBITDA, operating income and ordinary income. By segment, refractory products and engineering weighed on profits, while sales were expanded by contributions from insulation materials, advanced equipment and engineering. Including recorded extraordinary gains, interim net income rose significantly to 6,283 hundred million yen. Supplementary earnings materials and an institutional investor briefing will be held.

Outlook and Dividends

For full-year earnings guidance, assumptions have been maintained, expecting expanded sales in the second half, progress in price pass-through and resolution of equipment issues, which should eliminate the first-half drivers of profit decline. The annual dividend is expected to be 95.00 yen for the fiscal year (47.00 yen at the end of the second quarter, 48.00 yen at year-end), and the shareholder return policy will be maintained. The company intends to continue disclosure to the market through the earnings presentation.