Financial Summary for Q3 of Fiscal Year Ending March 2026 [IFRS] (Consolidated)

Overview of Business Results

For Q3 of the fiscal year ending March 2026, consolidated results showed revenue of 81,070 million yen (0.3% increase YoY), operating income of 8,412 million yen (31.1% increase YoY), profit before tax of 9,414 million yen (29.9% increase YoY), and net income attributable to owners of the parent of 6,322 million yen (28.9% increase YoY). Orders received increased to 86,823 million yen (6.0% increase YoY) and order backlog rose to 42,363 million yen (15.8% increase YoY). By segment, although the Communication Measurement segment recorded a revenue decline, operating income improved; the PQA segment saw increases in both revenue and profit; while the Environmental Measurement segment posted declines in both revenue and profit.

Financial Position and Cash Flow Status

As of the end of Q3, total assets stood at 168,527 million yen (an increase of 8,701 million yen from the previous fiscal year-end), total liabilities were 40,578 million yen (an increase of 5,019 million yen), and total equity amounted to 127,949 million yen (an increase of 3,681 million yen). The equity attributable to owners of the parent ratio decreased to 75.9%. Cash flow from operating activities was positive at 9,318 million yen, cash flow from investing activities was negative at 12,490 million yen, and cash flow from financing activities was negative at 5,756 million yen, resulting in free cash flow of negative 3,171 million yen.

Earnings Guidance

The full-year earnings forecast for the fiscal year ending March 2026 remains unchanged, with revenue projected at 123,000 million yen (8.9% increase YoY), operating income at 15,000 million yen (23.7% increase YoY), and net income attributable to owners of the parent at 11,000 million yen (18.8% increase YoY). The dividend forecast also remains unchanged at an annual 40 yen (20 yen interim, 20 yen year-end).