Financial Summary for the Third Quarter of Fiscal 2026 (Japanese GAAP) (Consolidated)

Overview of Business Results

Net sales for the cumulative third-quarter period of fiscal 2026 were 26,058 million yen, a 2.1% decrease compared to the same period last year. Operating income was 1,499 million yen, down 39.0% YoY, and net income attributable to owners of parent for the quarter was 1,155 million yen, down 43.1% YoY. In the domestic market, system sales of professional mobile radio equipment and expanded sales of IP radios contributed to increased revenues, whereas the overseas market experienced a decline due to the impact of tariff policies and economic uncertainties in North America. Particularly, the North American segment recorded an operating loss.

Financial Position and Outlook

Total assets increased by 2,994 million yen compared to the previous fiscal year-end to 76,883 million yen, and net assets grew by 1,917 million yen to 69,277 million yen, resulting in a decrease in equity ratio to 90.1%. Liabilities increased primarily due to a rise in deferred tax liabilities. There is no change to the full-year consolidated earnings forecast, anticipating net sales of 36,000 million yen (down 3.9% YoY), operating income of 2,550 million yen (down 31.5% YoY), and net income attributable to owners of parent of 1,980 million yen (down 32.9% YoY).