Financial Summary for the Year Ending December 2025 [IFRS] (Consolidated)

Summary of Business Results

For the fiscal year ending December 2025, consolidated net sales decreased by 0.4% YoY to 2,058.3 billion yen, while operating income increased by 1.3% YoY to 127.5 billion yen. Profit before tax improved significantly to 124.8 billion yen, compared to a loss of 50.1 billion yen in the previous period. Net income attributable to owners of parent turned positive to 69.2 billion yen. By segment, Automotive and Architectural Glass recorded increases in both sales and profit, whereas Electronics, Chemicals, and Life Sciences segments showed decreases in both. Particularly, the Life Sciences segment benefited from the absence of impairment losses.

Financial Position and Cash Flow

Total assets increased by 60.4 billion yen from the previous period to 2,950.1 billion yen, liabilities remained almost flat at 1,218.4 billion yen, and total equity increased by 60.0 billion yen to 1,731.7 billion yen. Cash flows from operating activities amounted to 274.5 billion yen, cash outflows from investing activities were 178.4 billion yen, and cash outflows from financing activities were 114.1 billion yen, resulting in a year-end balance of cash and cash equivalents of 94.7 billion yen.

Outlook for the Next Fiscal Year

For the fiscal year ending December 2026, net sales are projected at 2,200 billion yen (an increase of 6.9% YoY), operating income at 150 billion yen (up 17.7% YoY), profit before tax at 124 billion yen (down 0.6% YoY), and net income attributable to owners of parent at 90 billion yen (up 13.2% YoY). Among segments, Architectural Glass, Chemicals, and Life Sciences are expected to achieve sales and profit growth; Automotive is expected to see lower sales but higher profits; and Electronics is forecasted to have higher sales but lower profits. Dividends are planned at 210 yen annually (105 yen interim, 105 yen year-end).