Financial Summary for Q3 FY2026 (Japanese GAAP) (Consolidated)

Overview of Business Performance

During the cumulative third quarter period of the fiscal year ending March 2026, net sales reached a record high of 851.1 billion yen, up 7.6% year-on-year. Operating income increased 8.2% YoY to 74.0 billion yen despite pressures from higher personnel expenses and rising raw material costs, supported by increased demand in the Plant & System business. Ordinary income rose 8.5% YoY to 74.2 billion yen. Meanwhile, net income attributable to owners of parent for the quarter was 48.5 billion yen, down 12.5% YoY, reflecting the absence of special gains recorded in the prior year. By segment, both net sales and operating income in the Energy and Industry divisions exceeded the previous year's corresponding period; the Semiconductor division posted higher net sales but lower operating income; and the Food Distribution division saw declines in both net sales and operating income.

Financial Position and Outlook

Total assets increased by 67.0 billion yen from the previous fiscal year-end to 1.3792 trillion yen, and net assets rose by 62.8 billion yen to 793.5 billion yen, improving the equity ratio to 54.6%. Although interest-bearing debt increased, the debt-to-equity ratio remained stable at 0.2x. Free cash flow increased by 12.1 billion yen. The full-year earnings forecast for the fiscal year ending March 2026 remains unchanged, with net sales expected at 1.185 trillion yen (up 5.5% YoY), operating income at 128.5 billion yen (up 9.2% YoY), and net income attributable to owners of parent at 89.0 billion yen (down 3.5% YoY).