FY2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Performance

For the cumulative third quarter of FY2026 (April 1, 2025 to December 31, 2025), consolidated results showed net sales of 598,278 million yen (0.8% decrease YoY), operating income of 22,196 million yen (23.8% decrease YoY), ordinary income of 19,255 million yen (26.1% decrease YoY), and net income attributable to owners of parent of 18,440 million yen (4.0% increase YoY). While net sales remained on par with the previous year, operating and ordinary income declined, whereas net income increased. By segment, Material SU experienced decreases in both revenue and profit, while Quality of Life SU, Health Care SU, and Nutrition SU reported revenue growth.

Financial Position and Dividend Status

At the end of the third quarter of FY2026, total assets amounted to 953,481 million yen, net assets were 504,779 million yen, and the equity ratio was 50.6%. A midterm dividend of 80 yen per share is forecast for FY2026, with the full-year dividend expected to increase to 160 yen from 130 yen in the prior year.

Revision of Full-Year Earnings Forecast

The consolidated full-year earnings forecast for FY2026 projects net sales of 800,000 million yen (0.9% decrease YoY), operating income of 34,000 million yen (15.1% decrease YoY), ordinary income of 28,300 million yen (13.9% decrease YoY), and net income attributable to owners of parent of 31,500 million yen (24.5% increase YoY). Operating and ordinary income forecasts have been revised downward from previous estimates. Earnings per share are projected at 511.80 yen.