Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Earnings Overview

For the cumulative third quarter period of the fiscal year ending March 2026, net sales amounted to JPY 29,874 million (up 14.1% YoY), mainly contributed by large existing projects for offices and medical facilities in the air conditioning instrumentation-related business. Operating income was JPY 7,916 million (up 37.6%), ordinary income was JPY 8,162 million (up 38.1%), and net income attributable to owners of parent was JPY 5,668 million (up 45.4%), achieving profit growth. By segment, the air conditioning instrumentation-related business recorded orders of JPY 36,693 million (up 13.8%), net sales of JPY 27,006 million (up 13.7%), and segment profit of JPY 11,113 million (up 34.1%). The industrial systems-related business also performed well with orders of JPY 3,472 million (up 21.0%), net sales of JPY 2,868 million (up 18.2%), and segment profit of JPY 550 million (up 72.1%).

Capital Policy and Future Outlook

A stock split scheduled for April 1, 2026, will split 1 share into 4 shares with the record date of March 31, 2026. This will increase the number of shares outstanding from 16,395,000 shares to 65,580,000 shares and change the total number of authorized shares from 65.58 million to 262.32 million shares. The purpose of the stock split is to improve liquidity by lowering the price per investment unit and to expand the investor base. The dividend forecast is set at JPY 152 annual dividend (an increase of JPY 30 compared to the previous year), anticipating a dividend increase. The full-year earnings forecast for fiscal year ending March 2026 has also been revised; please refer to separately published materials for details.