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

Overview of Performance

In the cumulative consolidated period of Q3 for the fiscal year ending March 2026, net sales were JPY 52,225 million (1.7% decrease YoY), operating income was JPY 17,124 million (13.2% decrease YoY), ordinary income was JPY 18,029 million (10.0% decrease YoY), and net income attributable to owners of parent was JPY 12,332 million (11.7% decrease YoY). The next-generation high-speed communications segment maintained a high level of performance, while the automotive and semiconductor related segments showed signs of recovery following weakness in the first half. By segment, the ceramic components business recorded net sales of JPY 45,023 million (3.4% decrease YoY) and profit of JPY 16,906 million (15.5% decrease YoY), while the lighting equipment business posted net sales of JPY 7,201 million (9.8% increase YoY) and profit of JPY 1,418 million (61.9% increase YoY).

Financial Position and Future Outlook

Total assets amounted to JPY 152,670 million, an increase of JPY 10,384 million from the end of the previous consolidated fiscal year, and net assets rose to JPY 140,835 million, up JPY 12,981 million. The equity ratio increased to 92.2%. Total liabilities were JPY 11,835 million, a decrease of JPY 2,596 million. There is no change in the full-year earnings forecast for the fiscal year ending March 2026, with expected net sales of JPY 75,100 million (4.5% increase YoY) and operating income of JPY 27,000 million (0.3% increase YoY). Increased production in next-generation high-speed communications from Q4 and recovery in automotive and semiconductor segments are anticipated, and efforts to strengthen the framework towards the medium-term plan targeting net sales of JPY 100 billion in fiscal 2028 are underway.