Q1 FY2027 IFRS Consolidated Financial Results (UNAUDITED)

Business Overview

Consolidated net sales for the first quarter of the fiscal year ending March 2027 reached 246.3 billion yen, up 17.2% year on year, mainly due to a weaker yen and higher sales of automotive glass on a local currency basis. Operating income was 8.83 billion yen, up, with improved profitability in the high-function glass business and higher sales volumes of solar panel glass contributing. By segment, Architectural Glass net sales were 10.08 billion yen with operating income of 0.866 billion yen; Automotive Glass net sales were 13.27 billion yen with operating income of 0.119 billion yen; High-function Glass net sales were 1.258 billion yen with operating income of 0.218 billion yen. An earnings presentation material is available; however, no earnings briefing was held.

Outlook and Financial Position

The full-year outlook for FY2027 remains unchanged from the previous disclosure. Major capital policy actions include funding from Apollo Fund, privatization via stock consolidation and buyback, and debt-to-equity conversion (pseudo-DES); however, timing of completion is not yet determined. As of end-June 2026, total assets exceed 112.4 billion yen, total liabilities exceed 9,351 billion yen, and net borrowings are about 5,231 billion yen. Quarter-to-date cash flows from operating activities were negative, and free cash flow remained in negative territory despite a YoY improvement.