FY2026 Q3 Financial Results Presentation

Overview of Financial Performance

Operating income for the cumulative Q3 period of FY2026 was 124.8 billion yen (Year-over-Year +45%) and net sales were 614.5 billion yen (Year-over-Year +19%). Operating income excluding one-time factors was 122.3 billion yen (Year-over-Year +51%), supported by increased sales of core products and rising copper prices. The full-year operating income forecast was upwardly revised by 25 billion yen to 150 billion yen, and the dividend forecast was increased by 6 yen to 27 yen per share. By segment, semiconductor materials and information and telecommunications materials in the focus business remained strong, and the base business also posted increased sales and profits.

Business Trends and Growth Strategy

Sales volume of semiconductor materials increased significantly year-over-year due to rising AI server demand, particularly InP (Indium Phosphide) substrates, which showed strong sales for data centers, prompting a decision to further invest in production capacity. In the functional materials segment, titanium copper grew 43% driven by expanding demand for AI servers. The company accelerated its shift toward high value-added products due to the end of phosphor bronze production, and is focusing on new businesses related to next-generation semiconductors and energy.