Financial Summary for Q3 of the Fiscal Year Ending February 2026 [Japanese GAAP] (Consolidated)

Overview of Performance

For the cumulative third quarter period of the fiscal year ending February 2026 (March 1, 2025 to November 30, 2025), net sales were ¥102.756 billion (9.8% YoY increase), operating income was ¥12.679 billion (21.0% YoY increase), ordinary income was ¥14.323 billion (32.3% YoY increase), and net income attributable to owners of parent was ¥13.310 billion (55.9% YoY increase). Despite ongoing global economic uncertainties, steady progress was made mainly in the Marine and Industrial segments, with a notable improvement in profit levels. The equity ratio improved to 62.4% compared to the previous year, indicating strengthening of the financial base.

Segment Performance and Future Outlook

The Marine segment performed well with increased sales of equipment for commercial vessels, recording net sales of ¥89.449 billion (11.7% YoY increase) and operating income of ¥13.270 billion (26.6% YoY increase). The Industrial segment posted net sales of ¥10.780 billion (2.7% YoY increase), but operating income decreased due to rising costs in the defense equipment business. The Wireless LAN and Handheld Terminal segment experienced soft demand, leading to net sales of ¥2.360 billion (16.5% YoY decrease) and operating income of ¥41 million (82.0% YoY decrease). For the full fiscal year ending February 2026, the company forecasts net sales of ¥137.5 billion (8.3% YoY increase), operating income of ¥16.0 billion (21.4% YoY increase), and net income attributable to owners of parent of ¥15.5 billion (35.3% YoY increase). The annual dividend is planned at 150 yen.