Financial Summary for November 2025 Fiscal Year (Japanese GAAP) (Consolidated)

Summary of Performance

For the consolidated fiscal year ending November 2025, net sales reached 160,619 million yen (3.3% YoY increase), operating income was 20,330 million yen (7.7% YoY increase), ordinary income was 22,354 million yen (12.8% YoY increase), and net income attributable to owners of parent was 14,334 million yen (6.7% YoY increase). By region, Japan and Asia posted year-on-year increases in both sales and profits, Europe and Africa saw sales growth but a decrease in operating income, and the Americas experienced flat sales with reduced operating income. The overseas sales ratio slightly increased to 68.2%. The equity ratio improved to 67.5%.

Dividends and Outlook

The annual dividend for the fiscal year ending November 2025 was 88 yen per share (interim dividend of 28 yen and year-end dividend of 60 yen), representing an increase of 28 yen from the previous year. The year-end dividend includes a commemorative dividend of 28 yen marking the 88th anniversary of the company's founding. For the fiscal year ending November 2026, the Company forecasts net sales of 165,000 million yen (2.7% YoY increase), operating income of 22,000 million yen (8.2% YoY increase), and net income attributable to owners of parent of 15,400 million yen (7.4% YoY increase). The dividend policy targets a consolidated payout ratio of 45% or a shareholder equity dividend rate of 3.5%, whichever is higher, aiming at stable dividends and improved capital efficiency.