Financial Summary for the Fiscal Year Ending December 2025 [Japanese GAAP] (Consolidated)

Overview of Financial Results

For the fiscal year ending December 2025, consolidated net sales amounted to 377.35 billion yen, a 0.6% decrease compared to the previous fiscal year. Operating income decreased by 23.9% to 4.89 billion yen, and ordinary income decreased by 23.7% to 5.13 billion yen. However, net income attributable to owners of parent increased by 18.4% to 4.837 billion yen. By segment, sales of fine carbon-related products declined while sales of electrode-related products increased. Cash flow from operating activities generated an inflow of 631 million yen, resulting in a cash and cash equivalents balance at the end of the period of 15.035 billion yen.

Dividends and Future Outlook

The annual dividend for the fiscal year ending December 2025 is planned at 200 yen per share (100 yen interim dividend and 100 yen year-end dividend). The consolidated earnings guidance for the fiscal year ending December 2026 forecasts net sales of 410 billion yen (8.7% increase YoY), operating income of 4.3 billion yen (10.6% decrease YoY), ordinary income of 4.6 billion yen (9.9% decrease YoY), and net income attributable to owners of parent of 2.7 billion yen (44.1% decrease YoY). The assumed exchange rate is 145 yen per US dollar.