Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Performance

In the cumulative consolidated period for the third quarter of the fiscal year ending March 2026, net sales were JPY 51,447 million (9.9% increase YoY), operating income was JPY 10,497 million (15.9% increase YoY), ordinary income was JPY 10,659 million (10.1% increase YoY), and net income attributable to owners of parent for the quarter was JPY 7,766 million (6.9% increase YoY). The main factors were robust sales of CMP products for advanced semiconductors and polishing materials for silicon wafers. By segment, Japan performed strongly with net sales of JPY 29,415 million (11.1% increase YoY) and operating income of JPY 8,798 million (18.2% increase YoY), while Asia also increased with net sales of JPY 14,290 million (14.0% increase YoY). On the other hand, North America saw a decrease in net sales to JPY 5,893 million (5.3% decrease YoY), but operating income increased.

Financial Position and Future Outlook

At the end of the third quarter consolidated accounting period of the fiscal year ending March 2026, total assets amounted to JPY 121,127 million, an increase of JPY 30,219 million from the previous fiscal year end. Total liabilities were JPY 39,114 million, an increase of JPY 25,102 million, and net assets increased by JPY 5,117 million to JPY 82,013 million. The equity ratio declined to 67.0% from 83.7% YoY. The consolidated earnings guidance for the fiscal year ending March 2026 remains unchanged from the previous announcement, with net sales of JPY 67,900 million (8.6% increase YoY), operating income of JPY 13,000 million (10.4% increase YoY), and net income attributable to owners of parent of JPY 9,400 million (0.3% decrease YoY).