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

Overview of Performance

Consolidated net sales for the fiscal year ending March 2026 were 72,287 million yen (12.7% YoY increase), supported by a recovery in demand for industrial equipment, as well as steady demand for automotive and AI-related devices. Operating income was 3,646 million yen (210.0% YoY increase), and ordinary income was 5,223 million yen (320.1% YoY increase). Despite rising raw material prices, increased sales, subsidy income, and gains on disposal of material working layers boosted profits. Net income attributable to owners of parent was 3,951 million yen, representing a substantial YoY increase.

Financial Position and Cash Flow Status

Consolidated assets increased to 151,550 million yen due to growth in tangible fixed assets, liabilities decreased to 62,973 million yen, and net assets increased to 88,577 million yen. The equity ratio improved to 58.4%. Cash flow from operating activities was positive 8,849 million yen, cash flow from investing activities was negative 7,417 million yen, and cash flow from financing activities was negative 510 million yen. As a result, cash and cash equivalents at the fiscal year-end totaled 27,410 million yen.

Dividend Status

The annual dividend for the fiscal year ending March 2026 is 32 yen (interim 15 yen, year-end 17 yen), with a payout ratio of 30.1%. The dividend forecast for the fiscal year ending March 2027 is an annual 39 yen (interim 19.5 yen, year-end 19.5 yen), with an expected payout ratio of 30.3%.

Outlook

For the fiscal year ending March 2027, earnings are projected as follows: net sales of 77,400 million yen (7.1% YoY increase), operating income of 2,830 million yen (22.4% YoY decrease), ordinary income of 3,300 million yen (36.8% YoY decrease), and net income attributable to owners of parent of 4,780 million yen (21.0% YoY increase). The assumed exchange rate is 1 USD = 157 yen. Risks to profit include uncertainties in Middle Eastern geopolitical developments and surging raw material prices.