FY2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Summary of Performance

For the nine months ended December 31, 2025, consolidated net sales were 153.844 billion yen (3.1% decrease YoY), operating income was 3.151 billion yen (9.7% decrease YoY), and ordinary income was 3.519 billion yen (8.1% decrease YoY). Meanwhile, net income attributable to owners of parent increased to 3.409 billion yen (19.8% increase YoY), reflecting gains on sales of affiliated company shares among other factors. By segment, FA Systems reported net sales of 36.120 billion yen and operating income of 645 million yen; Refrigeration and Building Systems posted net sales of 26.508 billion yen and operating income of 1.343 billion yen; X-Tech recorded net sales of 6.034 billion yen and operating income of 84 million yen; Electronics generated net sales of 85.218 billion yen and operating income of 2.257 billion yen.

Financial Position and Outlook

Total assets increased by 6 billion yen from the previous fiscal year-end to 147.996 billion yen, and net assets rose by 760 million yen to 89.974 billion yen; however, the equity ratio fell by 2.0 points to 60.7%. Cash flows from operating activities generated 9.58 billion yen, investing activities used 1.372 billion yen, and financing activities used 2.864 billion yen. The full-year earnings forecast for FY2026 remains unchanged, projecting net sales of 215 billion yen (0.4% decrease YoY), operating income of 5.5 billion yen (0.3% increase YoY), and net income attributable to owners of parent of 5 billion yen (6.4% increase YoY).