Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Business Results

For the cumulative third quarter period of the fiscal year ending March 2026, consolidated net sales amounted to 5,944.6 billion yen (down 13.6% YoY), operating income was 36.7 billion yen (down 70.2% YoY), ordinary income was 54.9 billion yen (down 66.8% YoY), and net income attributable to owners of parent was 52.6 billion yen (down 58.7% YoY). By segment, net sales in the Fuel Oil segment totaled 4,982.7 billion yen (down 13.5% YoY), with segment income falling to 13.4 billion yen (down 84.5% YoY). The Basic Chemicals segment reported net sales of 355.6 billion yen (down 17.4% YoY) and a loss of 10.6 billion yen (deteriorated YoY). Conversely, the High-Performance Materials segment posted net sales of 373.0 billion yen (down 2.1% YoY) and maintained profit growth with segment income of 29.0 billion yen (up 27.7% YoY).

Financial Position and Business Combination Overview

At the end of the third quarter of the fiscal year ending March 2026, total assets were 5,258.0 billion yen, an increase of 482.4 billion yen compared to the previous fiscal year's end, liabilities totaled 3,466.0 billion yen, up 428.1 billion yen, and net assets increased by 54.3 billion yen to 1,792.0 billion yen. The equity ratio declined from 36.0% to 33.5%. The net D/E ratio rose to 0.8. In addition, on November 5, 2025, Fuji Oil Co., Ltd., which had been an equity-method affiliate, was made a consolidated subsidiary to strengthen synergies in the fuel oil business. This led to changes in the scope of consolidation reflected in the financial statements.