Financial Summary for the Second Quarter of the Fiscal Year Ending March 2027 (Interim) [Japanese GAAP] (Non-consolidated)

Overview of Results

For the second quarter of the fiscal year ending March 2027, the non-consolidated results recorded a significant increase in net sales to 916,957 thousand yen (a 45.2% increase Year-over-Year). However, selling, general and administrative expenses exceeded gross profit, resulting in an operating loss of 34,933 thousand yen, an improvement compared with the prior period. Ordinary loss was 34,661 thousand yen, and interim net income turned positive to 425,558 thousand yen. By segment, the Laser Devices business achieved revenue growth due to solid demand, while the Laser & Optical Solutions business saw higher contract development revenue but remained unprofitable. Total assets at the end of the interim period were 6,475,275 thousand yen, and the equity ratio remained high at 85.0%.

Outlook and Capital/Organizational Developments

During the interim period of the fiscal year ending March 2027, the Company completed facility relocations and recorded increases in assets associated with the head office move. Production capacity was strengthened by the resumption of MBE operations, and growth strategies are being pursued through partnerships related to retinal projection (collaborations with ITRI and TDK). The Company forecasts full-year net sales of 1,850,000 thousand yen and will continue efforts to reduce operating and ordinary losses and achieve profitability.