Q1 Financial Summary for the Fiscal Year Ending December 2026 [IFRS] (Consolidated)

Performance Overview

In Q1 of the fiscal year ending December 2026, consolidated revenue was JPY 321.7 billion (11.5% YoY increase), operating income was JPY 158.8 billion (16.2% YoY increase), and quarterly profit stood at JPY 115.4 billion (18.7% YoY increase). Product sales amounted to JPY 291.6 billion (12.3% YoY increase), supported by growth in key and new products both domestically and internationally. Research and development expenses were JPY 41.9 billion (2.9% YoY increase), and selling, general and administrative expenses were JPY 24.9 billion (18.6% YoY increase), affected by higher corporate enterprise taxes. Core operating income was JPY 163.3 billion (17.1% YoY increase), and Core quarterly profit was JPY 118.6 billion (19.6% YoY increase).

Financial Position and Cash Flow Status

At the end of Q1, total assets stood at JPY 2.2651 trillion, total net assets were JPY 1.9077 trillion, resulting in a net asset ratio of 84.2%. Net cash decreased by JPY 129.6 billion from the previous period to JPY 850.1 billion. Cash flow from operating activities was JPY 122.0 billion (82.9% YoY increase), and free cash flow was JPY 112.2 billion (162.8% YoY increase). The dividend forecast remains unchanged at JPY 132 annually, down from JPY 272 in the prior period which included the 100th anniversary commemorative dividend.