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

Overview of Performance

For the consolidated cumulative third quarter period of the fiscal year ending March 2026, net sales amounted to ¥172,033 million (up 13.4% YoY), operating income was ¥17,503 million (up 19.5% YoY), ordinary income was ¥18,893 million (up 18.4% YoY), and net income attributable to owners of parent for the quarter was ¥14,778 million (up 17.7% YoY), all reaching record highs. Although there were sales weaknesses in some automotive manufacturers within the electronic components industry, growth in demand for AI servers, gaming consoles, and smartphones contributed positively. Recovery in automotive circuit boards, strong demand for smartphone and tablet circuit boards, and expansion of ODM projects drove the sales increase. Despite the impact of soaring resource prices, increased plant operating rates, higher sales of high-profit build-up circuit boards, and productivity improvements enabled profit growth.

Financial Position and Dividend Status

Total assets increased by ¥71,215 million from the previous consolidated fiscal year-end to ¥327,582 million, and net assets grew by ¥19,591 million to ¥135,197 million. The equity ratio declined from 42.2% in the previous year to 39.0%. The increase in current assets was mainly due to increases in cash and deposits, notes and accounts receivable, and inventories. Liabilities also increased, notably with a rise in long-term borrowings. Regarding dividends, the annual dividend forecast was revised upwards to ¥115.00 (from ¥88.00 in the previous year), anticipating an increase.