Third Quarter Financial Summary for the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)

Overview of Results

Net sales for the quarter reached 28,320 million yen, up 3.1% year-over-year, and operating income rose 17.5% to 4,072 million yen, showing solid performance. Ordinary income increased slightly to 3,700 million yen, while net income declined by 52.6% year-over-year due to the absence of gains on sales of investment securities recorded in the prior period. By segment, carbon products performed steadily, silicon carbide products achieved higher sales and profits due to strong demand, and other segments realized profitability improvements through price maintenance and cost reductions.

Outlook and Capital Policy

Full-year forecasts have been maintained at net sales of 41,000 million yen, operating income of 4,300 million yen, ordinary income of 4,600 million yen, and net income attributable to owners of parent of 2,700 million yen. The company has conducted a share buyback and will continue a policy of strengthening shareholder returns. Dividends are expected at 100 yen at year-end for the fiscal year ending December 2026, with a full-year forecast of 200 yen.