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

Overview of Performance

For the third quarter of the fiscal year ending March 2026 (April 1, 2025 to December 31, 2025), consolidated results were net sales of 303,604 million yen (0.9% YoY increase), operating profit of 38,862 million yen (10.1% YoY increase), operating income of 40,227 million yen (15.9% YoY increase), profit before tax for the quarter of 40,010 million yen (15.3% YoY increase), and net income attributable to owners of the parent for the quarter of 27,404 million yen (13.1% YoY increase). While the global economy was impacted in part by tariff policies and export restrictions, it maintained a moderate recovery trend. Domestically, manufacturing production remained flat and capital investment showed steady momentum.

Segment Performance Overview

In the Electronics Market segment, orders received were 143,258 million yen (3.7% YoY decrease), net sales were 136,495 million yen (2.5% YoY decrease), and operating profit was 18,490 million yen (1.7% YoY decrease). Despite improved profitability in water treatment equipment, revenue decline had an impact. Conversely, the General Water Treatment Market segment saw orders received of 170,892 million yen (4.3% YoY increase), net sales of 167,108 million yen (3.9% YoY increase), operating profit of 20,376 million yen (23.8% YoY increase), and operating income of 20,741 million yen (31.6% YoY increase), achieving both revenue and profit growth.

Financial Condition and Cash Flow Status

Total assets amounted to 571,194 million yen (an increase of 22,245 million yen from the previous consolidated fiscal year-end), total liabilities were 218,455 million yen (an increase of 8,011 million yen), and total equity was 352,738 million yen (an increase of 14,234 million yen). Cash flow from operating activities resulted in inflows of 36,114 million yen, cash flow from investing activities recorded outflows of 24,500 million yen, and cash flow from financing activities had outflows of 12,865 million yen.

Earnings Guidance

The consolidated earnings forecast for the full fiscal year ending March 2026 projects net sales of 425,000 million yen (3.9% YoY increase), operating profit of 54,000 million yen (9.8% YoY increase), operating income of 53,500 million yen (71.1% YoY increase), net income attributable to owners of the parent of 36,300 million yen (78.8% YoY increase), and basic earnings per share of 330.61 yen. There are no revisions from the most recent earnings forecast.