Sincere Co., LTD. Financial Summary for the Third Quarter of the Fiscal Year Ending December 2026

Overview of Performance

Consolidated net sales for the third quarter amounted to 5,739,532 thousand yen, a 5.9% increase year-over-year. However, operating income decreased to 377,366 thousand yen, down 4.5% year-over-year, due to factors including higher raw material costs. Ordinary income was 382,185 thousand yen, showing a slight increase, while quarterly net income attributable to owners of parent decreased by 6.2% to 231,900 thousand yen. The full-year outlook has been revised upward, with projected net sales of 7,776 million yen, ordinary income of 454 million yen, net income of 282 million yen, and earnings per share of 43.10 yen. Supplementary materials to the financial results have been prepared and the dividend forecast is expected to be maintained.

Segment Trends and Financial Position

With the contact lens business as the core, color contact lenses contributed significantly, and the Sincere S series continued to expand sales alongside new product launches. On the expenditure side, segment profit declined slightly due to higher raw material costs and upfront investments. Meanwhile, the financial position remains stable with total assets of 5,334,822 thousand yen, net assets of 2,896,092 thousand yen, and an equity ratio of 54.3%. While there are factors supporting quarterly net income, the profit amount was restrained compared with the previous period.