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

Overview of Performance

Consolidated results for the third quarter of the fiscal year ending March 2026 recorded net sales of JPY 203.698 billion (3.3% YoY decrease). Operating income increased to JPY 2.003 billion (13.9% YoY increase), ordinary income rose to JPY 2.56 billion (11.7% YoY increase), but net income attributable to owners of parent for the quarter declined to JPY 971 million (11.4% YoY decrease). The decline in net sales was mainly due to sluggishness in the energy business, while the non-energy business delivered steady growth resulting in higher revenue and profit.

Segment Performance

The Energy Wholesale & Retail Peripheral Business (BtoC) recorded net sales of JPY 47.046 billion (3.4% YoY decrease) and operating income of JPY 236 million (167.2% YoY increase). The Energy Solutions Business (BtoB) posted net sales of JPY 139.928 billion (4.3% YoY decrease) and operating income of JPY 760 million (38.1% YoY decrease). The Non-Energy Business achieved net sales of JPY 16.567 billion (6.6% YoY increase) and operating income of JPY 827 million (104.4% YoY increase), marking increases in both revenue and profit.

Financial Position and Dividends

Total assets were JPY 1,103.4 billion (an increase of JPY 4.46 billion from the previous fiscal year-end), and net assets stood at JPY 564.41 billion (up JPY 1.211 billion). The equity ratio was 51.1%, down 1.0 percentage point YoY. The dividend forecast remains unchanged at an interim dividend of JPY 90 and an annual dividend of JPY 90.

Share Buyback and Cancellation

On October 31, 2025, 900,000 shares of treasury stock were cancelled, reducing the total number of shares outstanding to 11,046,591. At an extraordinary Board of Directors meeting held on February 10, 2026, a resolution was passed to acquire up to 100,000 shares of treasury stock with a total acquisition amount of JPY 500 million. The acquisition period is scheduled from February 12, 2026, to July 31, 2026. The cancellation date is undecided.

Full-Year Earnings Guidance

For the full fiscal year ending March 2026, the earnings forecast projects net sales of JPY 367.3 billion (15.8% YoY increase), operating income of JPY 4.4 billion (9.7% YoY increase), ordinary income of JPY 4.9 billion (9.3% YoY increase), and net income attributable to owners of parent of JPY 3.0 billion (4.9% YoY decrease). Earnings per share are forecasted at JPY 275.75.