FY March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Performance Overview

During the cumulative consolidated period for FY March 2026 Q3, net sales increased to JPY 52,638 million (up 4.7% YoY), however, operating income decreased to JPY 4,040 million (down 26.1% YoY), ordinary income decreased to JPY 4,278 million (down 23.2% YoY), and net income attributable to owners of parent decreased to JPY 3,350 million (down 6.6% YoY), mainly due to soaring raw material costs and increased labor expenses. Domestic operations recorded net sales of JPY 45,914 million (up 5.4% YoY), but profits declined impacted by higher raw material costs, with segment income decreasing to JPY 2,841 million (down 30.2% YoY). Global operations posted net sales of JPY 6,724 million (down 0.1% YoY) and segment income of JPY 1,283 million (down 8.1% YoY).

Financial Position and Outlook

As of the end of FY March 2026 Q3, total assets stood at JPY 40,794 million (an increase of JPY 5,980 million from the previous term-end), liabilities were JPY 21,583 million (an increase of JPY 3,830 million), and net assets were JPY 19,211 million (an increase of JPY 2,150 million). The equity ratio declined by 1.9 points to 47.1%. Cash flow from operating activities generated JPY 1,368 million, while cash used for investing activities was JPY 3,913 million and cash used for financing activities was JPY 2,829 million. There is no revision to the full-year earnings forecast, which anticipates net sales of JPY 72,300 million (up 7.2% YoY), operating income of JPY 5,100 million (down 24.9% YoY), and net income attributable to owners of parent of JPY 4,100 million (down 17.4% YoY).