Financial Summary for the Third Quarter of the Fiscal Year Ending March 2026 (Japanese GAAP) (Consolidated)

Performance Overview

For the cumulative third quarter period of the fiscal year ending March 2026, net sales were JPY 104,190 million (0.8% decrease YoY), operating income was JPY 7,860 million (3.1% decrease YoY), ordinary income was JPY 10,915 million (1.7% decrease YoY), and net income attributable to owners of the parent for the quarter was JPY 8,681 million (5.6% decrease YoY). By segment, net sales in the Industrial Equipment Business were JPY 42,069 million (1.7% decrease YoY), with operating income of JPY 1,064 million (30.8% decrease YoY). The Ceramics & Materials Business saw increased sales, the Engineering Business experienced sales declines, and the Tableware Business posted sales decreases and operating losses.

Financial Position and Stock Split

Total assets increased to JPY 224,741 million compared to the previous consolidated fiscal year-end, and net assets also grew to JPY 160,639 million; however, the equity ratio declined to 71.0% from 75.6% at the previous fiscal year-end. The number of outstanding shares was 28,103,498, and treasury shares totaled 605,609 shares. Additionally, a stock split will be implemented on the record date of March 31, 2026, splitting each share into two, resulting in a total of 56,206,996 shares outstanding after the split.