Financial Results Presentation for the Third Quarter of Fiscal Year Ending March 2026

Overview of Performance

In the cumulative third quarter of the fiscal year ending March 2026, orders received amounted to 314.2 billion yen (up 0.5% year-over-year), net sales were 303.6 billion yen (up 0.9% year-over-year), and operating income was 38.9 billion yen (up 10.1% year-over-year), resulting in overall revenue and profit growth. Operating profit significantly increased to 40.2 billion yen (up 15.9% year-over-year), and net income attributable to owners of parent also performed well at 27.4 billion yen (up 13.1% year-over-year). In the Electronics segment, despite a decline in sales of equipment and precision cleaning, operating income remained on par with the previous year due to improved cost ratios. The General Water Treatment segment saw revenue and profit growth driven by increased sales of equipment and maintenance, as well as expansion of the CSV business.

Segment Performance and Outlook

In the Electronics segment, receipt of large orders and construction progress are planned for Q4, expecting high levels of orders received and net sales. The General Water Treatment segment experienced increases in orders and sales from public-sector projects in North America and construction progress in Japan. The CSV business also expanded, improving operating profit margin year-over-year. Capital expenditures were 20.5 billion yen, down year-over-year, while depreciation expenses slightly increased to 23.2 billion yen. Research and development expenses remained steady at 5.9 billion yen, maintaining the same level as the previous year. Progress is assessed to be on track against the full-year forecast.