Fiscal Year Ending March 2026 3rd Quarter Financial Summary〔IFRS〕(Consolidated)

Overview of Business Results

In the cumulative consolidated period for the 3rd quarter of the fiscal year ending March 2026, sales revenue increased significantly to JPY 384,655 million (3.1% YoY increase), and operating income rose substantially to JPY 28,640 million (95.0% YoY increase). Net income attributable to owners of parent for the quarter was also strong at JPY 19,569 million (71.9% YoY increase). The precious metals recycling business saw increased operating income driven by higher platinum recovery and improved profitability, while the North American refining-related business boosted profits due to increased raw material arrivals and business scale expansion. Although the catalyst segment experienced a profit decline, overall, the precious metals segment operating income significantly increased. Equity-method investment gains/losses from the environmental preservation business remained at the same level as the previous year.

Financial Position and Outlook

Total assets increased significantly to JPY 935,317 million compared to the previous fiscal year-end, but total liabilities also rose to JPY 774,413 million, causing the equity ratio attributable to owners of parent to decline to 17.2%. Although cash flow from operating activities decreased, the increase in borrowings through financing activities resulted in cash and cash equivalents of JPY 7,314 million. The full-year earnings guidance was revised upward to sales revenue of JPY 585,000 million, operating income of JPY 35,000 million, and net income attributable to owners of parent of JPY 23,900 million. An annual dividend of JPY 125 per share, a JPY 5 increase from the previous forecast, is planned.