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

Performance Overview

For the cumulative third quarter period of the fiscal year ending March 2026, net sales increased 10.5% year-on-year to 298.6021 billion yen. Operating income rose 27.7% to 44.527 billion yen, ordinary income increased 21.5% to 43.633 billion yen, and quarterly net income attributable to owners of the parent grew 25.0% to 31.0 billion yen. Despite global economic uncertainties and the impact of U.S. tariff policies, steady order intake in the electronics business and cost reduction activities in manufacturing led to both higher sales and profits. By segment, the electronics business performed robustly with net sales of 171.913 billion yen (up 18.2% YoY) and operating income of 33.037 billion yen (up 65.9% YoY). The ceramics business recorded net sales of 60.587 billion yen (down 2.4% YoY) and operating income of 5.903 billion yen (down 36.8% YoY).

Financial Position and Cash Flow Status

Total assets were 1.054118 trillion yen, a decrease of 2.5% compared to the end of the previous fiscal year, while net assets increased 10.5% to 549.541 billion yen, resulting in an equity ratio of 51.5%. Cash flow from operating activities increased to 72.690 billion yen, whereas cash outflows from investing activities amounted to 80.414 billion yen, and cash outflows from financing activities were 47.48 billion yen.

Dividend Status

The forecasted dividend for the fiscal year ending March 2026 is a year-end dividend of 10 yen per share adjusted for the stock split, with the annual dividend amount unknown (50 yen if not adjusted for the stock split). There have been no recent revisions to the dividend forecast.

Stock Split and Outstanding Shares

A 2-for-1 stock split of common shares was implemented as of January 1, 2026. As a result, the number of outstanding shares increased to 2,817,211,114 shares. The total number of authorized shares was changed to 4.6 billion.

Full-year Earnings Guidance

For the fiscal year ending March 2026, the consolidated full-year earnings guidance forecasts net sales of 420.0 billion yen (up 13.7% YoY), operating income of 61.0 billion yen (up 28.1% YoY), ordinary income of 57.0 billion yen (up 19.0% YoY), and net income attributable to owners of the parent of 37.0 billion yen (up 9.8% YoY). Earnings per share are projected at 132.50 yen (after accounting for the stock split).