Financial Summary for Q3 Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

Business Performance Overview

For the cumulative consolidated third quarter period of the fiscal year ending March 2026, net sales reached ¥291.67 billion (6.9% YoY increase), operating income was ¥20.832 billion (20.2% YoY increase), ordinary income was ¥22.572 billion (22.0% YoY increase), and net income attributable to owners of parent was ¥15.736 billion (24.0% YoY increase), achieving record results for a third quarter. In the Electrical Materials segment, despite continued increases in logistics costs and raw material prices, sales were strong particularly in redevelopment projects in metropolitan areas and large-scale properties, resulting in net sales of ¥199.726 billion (8.1% YoY increase). In the Industrial Equipment segment, sales reached ¥30.254 billion (8.1% YoY increase) driven by a recovery in capital investment demand. The In-house Products segment posted net sales of ¥61.626 billion (2.7% YoY increase) supported by steady shipments of room air conditioners.

Financial Position and Future Outlook

At the end of the consolidated third quarter period, total assets amounted to ¥282.89 billion, an increase of ¥3.825 billion compared to the previous fiscal year-end. Total liabilities were ¥97.437 billion, a decrease of ¥8.522 billion, and net assets were ¥185.371 billion, an increase of ¥12.347 billion. These changes primarily reflect an increase in the market value of investment securities and the accumulation of retained earnings. Treasury stock increased to 2,048,468 shares. There is no change to the earnings guidance announced on May 15, 2025, for the fiscal year ending March 2026.