FY2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Performance

In the cumulative third quarter period of FY2026, net sales were 111,862 million yen (14.8% decrease YoY), operating income was 8,348 million yen (36.8% decrease YoY), ordinary income was 7,520 million yen (42.0% decrease YoY), and net income attributable to owners of parent was 5,483 million yen (39.7% decrease YoY). Sales volume decreased by 8.9% YoY, with the high-performance materials segment declining by 12.2% and the general materials segment by 7.0%. The economic environment continues to be affected by US tariff policies and global economic instability; however, while the high-performance materials sector is strong in the AI and energy-related industries, overall demand remains sluggish across a wide range of sectors.

Outlook and Dividends

The consolidated full-year earnings forecast for FY2026 anticipates net sales of 148,000 million yen (14.0% decrease YoY), operating income of 11,000 million yen (35.2% decrease YoY), ordinary income of 10,000 million yen (38.3% decrease YoY), and net income attributable to owners of parent of 7,000 million yen (39.5% decrease YoY). The dividend forecast remains unchanged at 220 yen annually. Despite ongoing economic uncertainties, focus will remain on securing appropriate roll margins for stainless steel general materials and expanding the market in the high-performance materials segment.