Financial Summary for the Third Quarter of Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

Summary of Business Results for the Third Quarter of Fiscal Year Ending March 2026

During the cumulative third quarter of the consolidated period, net sales amounted to 41,262 million yen (9.2% year-over-year increase), driven by strong demand in the core electronic materials segment due to increased smartphone and semiconductor requirements, and favorable sales in the industrial structural materials segment from aircraft honeycomb panels and FRP pressure vessels for water treatment. Operating income increased to 4,115 million yen (8.0% year-over-year increase), while ordinary income decreased to 3,986 million yen (2.5% year-over-year decrease) due to foreign exchange losses. Net income attributable to owners of parent for the quarter was 2,977 million yen (0.9% year-over-year decrease). By segment, electronic materials recorded net sales of 26,706 million yen (12.2% year-over-year increase), industrial structural materials achieved 9,650 million yen (19.2% year-over-year increase), while display materials declined to 2,745 million yen (27.7% year-over-year decrease).

Financial Position and Outlook

At the end of the third quarter, total assets were 76,997 million yen (an increase of 5,260 million yen from the end of the previous fiscal year), total liabilities were 28,514 million yen (increase of 5,337 million yen), and net assets amounted to 48,482 million yen (a decrease of 76 million yen). The equity ratio declined to 63.0%. The dividend forecast was revised, increasing the year-end dividend from 44 yen to 53 yen, with an annual dividend forecast of 97 yen (previous period: 96 yen). The full-year earnings forecast has also been revised; please refer to separate published materials for details. Additionally, the company resolved to establish a subsidiary in California, USA, and to increase capital in an existing subsidiary, aiming to expand business in the US market.