Supplementary Explanation Materials for the Third Quarter of Fiscal Year 2025

Performance Overview

For the cumulative third quarter of fiscal 2025, net sales were 172 billion yen, a 13.4% increase compared to the same period last year. Operating income was 17.5 billion yen (19.5% increase YoY), ordinary income was 18.9 billion yen (18.4% increase YoY), and net income attributable to owners of parent was 14.8 billion yen (17.7% increase YoY), achieving higher sales and profits. The electronic circuit board segment remained solid, and the electronic equipment segment also saw increased sales. The average exchange rate during the period was 149.28 yen to the US dollar (153.03 yen in the same period last year).

Revision of Earnings Guidance and Dividend

The full-year earnings forecast for fiscal 2025 has been revised upward with net sales projected at 235 billion yen (5.4% increase from the previous forecast), operating income at 25 billion yen (6.4% increase), ordinary income at 24.5 billion yen (11.4% increase), and net income attributable to owners of parent at 20 billion yen (11.1% increase). The dividend amount has also been raised to 115 yen, a 27.8% increase from the previous forecast. By product, electronic circuit board sales are expected to increase by 7.1% to 195 billion yen.