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

Overview of Business Performance

During the cumulative Q3 consolidated period of FY March 2026, the recovery in demand related to liquid crystal displays was moderate due to uncertainties surrounding U.S. tariff policies and an inventory adjustment phase. Net sales totaled ¥34,870 million (0.9% decrease YoY), operating income was ¥4,573 million (8.6% decrease YoY), ordinary income was ¥4,575 million (9.3% decrease YoY), and net income attributable to owners of parent for the quarter was ¥3,321 million (16.0% decrease YoY). By segment, net sales in Chemicals were ¥32,295 million (3.5% decrease YoY), and Equipment Systems were ¥2,575 million (47.5% increase YoY).

Overview of Financial Position

Total assets increased by ¥1,033 million from the previous fiscal year-end to ¥55,147 million, and net assets increased by ¥1,660 million to ¥39,663 million, resulting in the equity ratio rising 1.7 points to 71.9% from 70.2%. The increase was mainly due to higher current assets and retained earnings.

Dividend Status

The annual dividend forecast for FY March 2026 is ¥75 per share, representing a decrease from ¥125 in the previous fiscal year. Note that a 2-for-1 stock split of common shares was implemented as of April 1, 2025.

FY March 2026 Full-Year Earnings Forecast

The full-year forecast projects net sales of ¥48,500 million (1.8% increase YoY), operating income of ¥6,000 million (5.5% decrease YoY), ordinary income of ¥5,900 million (6.9% decrease YoY), and net income attributable to owners of parent of ¥4,000 million (8.6% decrease YoY). Earnings per share are forecasted at ¥241.34.