Earnings Presentation Materials for Fiscal Year Ending December 2025

Overview of Fiscal Year Ending December 2025

For the fiscal year ending December 2025, net sales amounted to 502,339 million yen (up 1.5% YoY), operating income was 26,401 million yen (up 59.2% YoY), ordinary income reached 29,327 million yen (up 20.2% YoY), and net income attributable to owners of parent totaled 13,920 million yen (up 35.4% YoY). The increase in net sales was mainly driven by growth in the wireless and communications business, while significant profit growth in this segment contributed to the increases in operating, ordinary, and net income.

Segment Performance Trends

The wireless and communications segment posted net sales of 251,837 million yen (up 7.4% YoY) and operating income of 17,668 million yen (up 133.1% YoY), achieving significant revenue and profit growth. The microdevices segment recorded net sales of 62,400 million yen (down 2.8% YoY) and an operating loss of 5,505 million yen (loss narrowed). The materials segment reported net sales of 157,318 million yen (down 1.3% YoY) and operating income of 5,403 million yen (up 16.1% YoY). The real estate segment showed net sales of 17,939 million yen (down 23.8% YoY) and operating income of 12,667 million yen (down 28.4% YoY).

Earnings Outlook for Fiscal Year Ending December 2026

For the fiscal year ending December 2026, net sales are forecasted at 511,000 million yen (up 1.7% YoY), reflecting higher orders in the wireless and communications and microdevices segments. However, operating income is projected to decline to 21,000 million yen (down 20.5% YoY), mainly due to shrinking scale of real estate sales. The microdevices segment plans to record approximately 6 billion yen in restructuring expenses.

Progress on the Medium-Term Management Plan 2026

Focusing on accelerating growth in the wireless/communications and microdevices businesses while advancing structural reforms. In fiscal 2025, structural reforms including an early retirement incentive program were initiated, reviewing growth strategies while verifying the potential to achieve an operating margin of 10%. Aiming to achieve net sales of 300 billion yen and operating income of 30 billion yen by fiscal 2030. Efforts are underway to accelerate creation of new businesses in the wireless and communications domain, including establishment of the FI Division.