Financial Summary for the Third Quarter of the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

Overview of Performance

Consolidated results for the third quarter of the fiscal year ending March 2026 showed net sales of 498,722 million yen (3.6% decrease YoY), operating income of 12,711 million yen (50.4% decrease YoY), ordinary income of 21,944 million yen (36.4% decrease YoY), and net income attributable to owners of parent of 18,572 million yen (21.9% decrease YoY). The Environment & Recycling segment performed well with a 21.0% increase in sales, while the Smelting segment posted an operating loss, and the Electronic Materials segment experienced significant declines in both sales and earnings. The stronger yen against the dollar and rising precious metals prices impacted results, along with an expansion of derivative valuation losses.

Capital Policy and Outlook

The annual dividend forecast for the fiscal year ending March 2026 was revised upward to 318 yen (ordinary dividend of 218 yen and special dividend of 100 yen). Additionally, a portion of shares in Fujita Kanko Inc., an equity-method affiliate, will be transferred to NSSK-GAMMA2 LLC, resulting in a planned special gain of approximately 23,000 million yen. A resolution was also passed for share buybacks, planning to acquire up to 1,230,000 shares at a total cost of 10,000 million yen. Full-year performance forecasts indicate ordinary income exceeding previous projections, supported by the expected recognition of special gains.