Financial Summary for the 3rd Quarter of Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

Overview of Operating Results

For the cumulative third quarter period of the fiscal year ending March 2026, net sales amounted to ¥298,621 million, a 10.5% increase year-over-year. Operating income was ¥44,527 million, up 27.7%, and ordinary income increased by 21.5% to ¥43,633 million. Net income attributable to owners of the parent for the quarter was ¥31,000 million, a 25.0% increase. The Electronics segment remained solid despite some effects of production adjustments, recording net sales of ¥171,913 million, up 18.2%, and operating income rising 65.9% to ¥33,037 million. In contrast, the Ceramics segment saw declines in both net sales and operating income compared to the previous year due to slowed demand. The Others segment experienced decreased net sales due to reduced housing starts impacted by amendments to the Building Standards Act; however, progress on large-scale construction projects contributed to an overall 5.2% increase in net sales versus the prior year.

Financial Position and Cash Flow Overview

Total assets stood at ¥1,054,118 million, down 2.5% from the end of the previous consolidated fiscal year, while net assets increased 10.5% to ¥549,541 million, resulting in an equity ratio rise to 51.5%. Cash flow from operating activities increased to ¥72,690 million, cash outflows from investing activities decreased to ¥80,414 million, and cash outflows from financing activities increased to ¥4,748 million.