Fiscal Year Ending March 2026 Q3 Financial Summary〔IFRS〕(Consolidated)

Overview of Business Results

In the nine-month consolidated cumulative period of the fiscal year ending March 2026, revenue was JPY 997.719 billion (2.7% YoY increase), core operating income was JPY 146.247 billion (4.6% YoY increase), operating income was JPY 146.111 billion (13.5% YoY increase), and net income attributable to owners of the parent was JPY 93.140 billion (20.2% YoY increase). Foreign exchange effects contributed positive impacts of about JPY 3.7 billion to revenue and about JPY 1.0 billion to core operating income. By segment, Japan posted revenue of JPY 295.374 billion (0.1% YoY decrease) while segment profit increased to JPY 39.126 billion (14.1% YoY increase); the United States recorded revenue of JPY 265.268 billion (1.8% YoY decrease) and segment profit of JPY 37.075 billion (12.1% YoY decrease); Europe’s revenue was JPY 258.232 billion (3.8% YoY increase) with segment profit of JPY 51.279 billion (8.4% YoY increase); Asia & Oceania achieved revenue of JPY 154.060 billion (16.9% YoY increase) and segment profit of JPY 14.875 billion (15.7% YoY increase); and Thermos recorded revenue of JPY 24.754 billion (0.9% YoY increase) with segment profit of JPY 4.840 billion (10.8% YoY increase).

Overview of Financial Position and Cash Flows

At the end of the third quarter of the fiscal year ending March 2026, total assets amounted to JPY 2.66767 trillion, up JPY 249.472 billion from the end of the previous consolidated fiscal year, and the equity ratio attributable to owners of the parent rose to 43.8%. Cash flows from operating activities generated inflow of JPY 181.280 billion (16.5% YoY increase), cash flows from investing activities recorded outflow of JPY 150.017 billion (22.0% YoY increase), and cash flows from financing activities posted outflow of JPY 53.256 billion (42.2% YoY increase). The balance of cash and cash equivalents at the end of the quarter was JPY 132.916 billion.

Revision to Consolidated Earnings Guidance

Revisions have been made to the full-year earnings guidance for the fiscal year ending March 2026. Revenue is forecast at JPY 1.33 trillion (1.7% YoY increase), core operating income at JPY 196.0 billion (3.6% YoY increase), operating income at JPY 194.3 billion (17.1% YoY increase), and net income attributable to owners of the parent at JPY 123.5 billion (25.0% YoY increase). For details, please refer to the “Notice Regarding Revision of Earnings Guidance” announced on February 4, 2026.

Overview of Business Combinations

On July 1, 2025, the Australian subsidiary acquired Coregas Pty Ltd and three other companies to expand the industrial gas business in Australia and New Zealand. The acquisition cost was JPY 71.521 billion, with goodwill recorded at JPY 27.771 billion. The acquisition contributed JPY 13.556 billion to revenue and JPY 0.787 billion to quarterly profit in the consolidated cumulative period through Q3 2026. The European subsidiary is also in the process of acquiring a home healthcare service business in Spain.