Fiscal Year Ending March 2026 Q3 Financial Summary [IFRS] (Consolidated)

Summary of Performance

For the cumulative third quarter of the fiscal year ending March 2026 (April 1, 2025 to December 31, 2025), net sales amounted to JPY 1,858.566 billion, an 11.3% increase year-over-year. Operating income was JPY 230.737 billion (10.4% YoY increase), profit before income taxes was JPY 235.07 billion (7.8% YoY increase), and net income attributable to owners of the parent was JPY 181.208 billion (12.6% YoY increase). Strong demand for components in ICT and industrial equipment markets resulted in revenue growth across all segments. Despite the negative impact of foreign exchange fluctuations reducing sales by approximately JPY 29.4 billion and operating income by about JPY 9.3 billion, profitability was secured through structural reforms and rationalization.

Financial Position and Dividends

Total assets were JPY 4.336754 trillion (22.5% YoY increase), total liabilities were JPY 2.227388 trillion (increased from the previous year), and equity attributable to owners of the parent was JPY 2.093967 trillion (16.3% YoY increase). The annual dividend is forecasted at JPY 34 (post-stock split basis), calculated with consideration of the 5-for-1 stock split effective October 1, 2024.

Trends in Product Sales

All segments—capacitors, inductive devices, other passive components, passive components, sensor application products, magnetic application products, and energy application products—recorded revenue growth. Especially, energy devices (mainly targeting the ICT market) performed strongly with a 14.4% YoY increase. Overseas sales amounted to JPY 1,724.725 billion, up 11.9% YoY, and the overseas sales ratio to consolidated net sales increased to 92.8%.

Revised Earnings Forecast and Outlook

The full-year earnings forecast for the fiscal year ending March 2026 has been revised to project net sales of JPY 2.47 trillion (4.2% increase from previous forecast), operating income of JPY 265 billion (8.2% increase), profit before income taxes of JPY 270 billion (8.0% increase), and net income attributable to owners of the parent of JPY 190 billion (5.6% increase). Capital expenditures and R&D expenses are also increased, with an additional one-time structural reform cost of approximately JPY 3 billion, totaling around JPY 13 billion for the full year.