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

Performance Overview

For the nine months ended March 2026, consolidated net sales were 59,675 million yen (YoY -5.5%), operating income was 5,889 million yen (YoY -32.6%), ordinary income was 6,169 million yen (YoY -31.2%), and quarterly net income attributable to owners of parent was 4,025 million yen (YoY -33.7%). The decrease in sales and profits was influenced by the global economic environment, cautious capital investments, and a decline in the semiconductor-related market.

Segment Performance

The Pipe Systems segment recorded net sales of 36,185 million yen (YoY -8.7%) and operating income of 5,124 million yen (YoY -29.1%), showing decreases in both sales and profits. The Resin segment posted net sales of 17,246 million yen (YoY +1.4%) but operating income declined to 651 million yen (YoY -30.3%). The Water Treatment & Resource Development segment had net sales of 6,244 million yen (YoY -4.7%) and operating income of 222 million yen (YoY -50.7%), also recording decreases in sales and profits.

Financial Position and Dividends

Total assets increased to 108,414 million yen compared to the previous fiscal year-end, and net assets increased to 79,137 million yen. The equity ratio stood at 72.4%. A dividend of 60 yen was paid at the end of the second quarter, and the annual dividend forecast is 120 yen, representing an increase from the previous year.

Full-Year Earnings Forecast for FY March 2026

The consolidated full-year earnings forecast anticipates net sales of 80,000 million yen (YoY -6.1%), operating income of 7,000 million yen (YoY -37.1%), ordinary income of 7,300 million yen (YoY -35.1%), and net income attributable to owners of parent of 4,800 million yen (YoY -37.0%). Earnings per share are expected to be 255.54 yen.