FY2026 Q3 Financial Summary〔IFRS〕(Consolidated)

Performance Overview

During the cumulative consolidated third quarter period of the fiscal year ending March 2026, net sales slightly increased to JPY 127,979 million (Year-over-Year +1.1%), whereas operating income sharply declined to JPY 4,655 million (Year-over-Year △41.9%). This was due to loss recognition associated with the commencement of civil rehabilitation proceedings of a business partner and temporary expenses caused by timing differences in recognizing loss compensation from non-controlling shareholders. Although profit before tax and quarterly net income attributable to owners of the parent fell below the prior year due to exchange loss/gain impacts, they exceeded the plan.

Business Segment Trends and Financial Position

In the electricity retail business, sales volume increased by 22.4% year-over-year, resulting in net sales of JPY 44,049 million (Year-over-Year +4.9%), surpassing the plan. The trading business saw a decline in operating income due to losses related to a business partner’s civil rehabilitation, though net sales and sales volume increased. The power generation business operated biomass power plants approximately according to plan, and the fuel business exceeded planned profits due to falling prices and increased sales. Total assets were JPY 156,429 million (up JPY 3,047 million from the previous consolidated fiscal year-end), total liabilities were JPY 81,499 million (up JPY 597 million), and total equity was JPY 74,930 million (up JPY 2,449 million), with the equity ratio attributable to owners of the parent rising to 43.4%.