Notice Regarding the Differences Between Individual Financial Results for the Fiscal Year Ending March 2026 and the Previous Fiscal Year

Overview of Individual Financial Results

For the fiscal year ending March 2026, individual net sales were 74,373 million yen, a 2.7% increase year-over-year, and operating income was 5,608 million yen, an 18.2% increase YoY. On the other hand, ordinary income declined by 29.6% YoY to 7,069 million yen, and net income attributable to owners of parent also decreased by 30.2% YoY to 5,813 million yen. The increase in net sales was driven by growth in primary battery sales for medical devices and infrastructure applications, as well as increased licensing income, offsetting declines in sales of discontinued prismatic lithium-ion batteries and semiconductor-related products. The rise in operating income was contributed by improved profitability in primary batteries and increased licensing revenue.

Reasons for Decrease in Ordinary Income and Net Income

The decline in ordinary income and net income was primarily due to reduced dividend income received from consolidated subsidiaries. This caused both ordinary income and net income to decrease compared to the previous fiscal year.