FY March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Business Overview

For the cumulative third quarter of FY March 2026, net sales reached JPY 888,157 million (up 13.6% YoY), driven by increased demand for servers targeting generative AI and strong semiconductor manufacturing equipment investments. Operating income decreased to JPY 28,268 million (down 14.9% YoY), impacted by higher selling, general and administrative expenses and foreign exchange fluctuations. Ordinary income was JPY 24,822 million (down 20.4% YoY), and net income attributable to owners of parent for the quarter was JPY 18,341 million (down 19.0% YoY). By segment, net sales for the Integrated Circuits and Other Electronic Devices business totaled JPY 766,331 million (up 14.5% YoY) with operating income of JPY 16,663 million (down 30.4% YoY), while the Cybersecurity and Other IT Solutions business posted net sales of JPY 121,880 million (up 8.2% YoY) and operating income of JPY 11,604 million (up 25.1% YoY).

Financial Position and Outlook

Total assets stood at JPY 652,004 million, up JPY 95,565 million from the end of the previous consolidated fiscal year, and net assets rose by JPY 17,281 million to JPY 278,758 million. The equity ratio declined to 41.2% from 45.4% in the same period last year. The annual dividend forecast for FY March 2026 is set at JPY 70.00 per share (with a year-end dividend of JPY 35.00). The full-year forecasts for FY March 2026 project net sales of JPY 1,200,000 million (up 16.0% YoY), operating income of JPY 40,000 million (up 0.9% YoY), and net income attributable to owners of parent of JPY 27,000 million (up 6.8% YoY), with a note acknowledging potential revisions to the earnings guidance.