FY March 2026 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Business Performance

For the fiscal year ending March 2026, consolidated net sales were 129,429 million yen, a 0.3% decrease year-over-year. Operating income was 7,891 million yen, down 15.3%, and ordinary income was 8,601 million yen, down 12.0%. However, net income attributable to owners of parent was 8,260 million yen, up 102.0%. The increase in profit was due to the recognition of special gains associated with the transfer of equity in consolidated subsidiaries. By segment, the Energy business recorded net sales of 42,458 million yen, remaining flat year-over-year; Functional Materials increased by 2.6% to 32,614 million yen; Optical & Systems grew 1.3% to 36,413 million yen; meanwhile, the Value Creation business decreased 8.6% to 17,944 million yen.

Financial Condition and Cash Flow Overview

Total assets amounted to 180,467 million yen, up 9.7% year-over-year. Net assets were 90,183 million yen, down 4.2%, with an equity ratio of 48.2%. Cash flows from operating activities generated inflows of 8,925 million yen, investing activities involved outflows of 15,058 million yen, and financing activities yielded inflows of 2,911 million yen. The ending balance of cash and cash equivalents stood at 31,557 million yen.

Dividend Status and Earnings Forecast

For the fiscal year ending March 2026, the annual dividend was 50 yen (an interim dividend of 25 yen and a year-end dividend of 25 yen), unchanged from the previous year. Consolidated earnings forecast for the fiscal year ending March 2027 anticipates net sales of 143,000 million yen (up 10.5% YoY), operating income of 10,000 million yen (up 26.7%), net income attributable to owners of parent of 6,700 million yen (down 18.9%), and net income per share of 181.76 yen. Dividend forecast is an increase to 56 yen annually (28 yen interim, 28 yen year-end).