SUMINOE Co., Ltd. Financial Summary for the First Quarter of the Fiscal Year Ending May 2027 (Japanese GAAP) (Consolidated)

Overview of Results

For the first quarter of this fiscal year, consolidated net sales were 25,981 million yen, an increase of 2.0% year-over-year. Operating income was 379 million yen, ordinary income was 406 million yen, and quarterly net income was -121 million yen, resulting in a loss. Ordinary income fell below the prior year partly due to foreign exchange gains/losses, and after tax effects net income turned negative. By segment, the Interior business remained solid, while Vehicle Interior in the automotive-related segment recorded lower profits and Functional Materials returned to a loss. The financial summary did not revise the full-year forecast and left current projections unchanged.

Outlook and Financial Position

At the end of Q1, total assets were 90,929 million yen and the equity ratio was 36.9%, indicating a relatively stable position. There is no change to the full-year forecast; cumulative results through Q2 and the full-year outlook remain as previously announced. However, performance concentration may continue depending on foreign exchange fluctuations, raw material price trends, and production conditions in the Vehicle Interior division. Dividend policy remains to pay 40 yen at the end of fiscal 2026 and an expected 42 yen at the end of fiscal 2027.