Notice of Revision to Full-Year Earnings Forecast for the Fiscal Year Ending November 2026

Performance Overview

We have revised the full-year earnings forecasts for the fiscal year ending November 2026, raising net sales and profit outlooks on both a consolidated and non-consolidated basis. Third-quarter progress exceeded initial expectations, and through corrective pricing and strict cost control while incorporating raw material price fluctuations, results improved. On a consolidated basis, net sales have been revised up to 6,785 million yen, operating income to 571 million yen, ordinary income to 616 million yen, net income attributable to owners of parent to 495 million yen, and net income per share to 497.31 yen. On a non-consolidated basis, net sales are revised to 6,714 million yen, operating income to 555 million yen, ordinary income to 606 million yen, net income to 490 million yen, and net income per share to 491.69 yen.

Outlook and Drivers

Aligned with the medium-term management plan, we will continue strict profit management to address rising raw material prices and increasing expenses. Assuming material cost increases due to Middle East developments, we will continue reviewing the sales portfolio and corrective pricing. We intend to make cautious forecast adjustments based on market trends going forward.