Financial Summary for Disclosure of Stock Information under Japanese Standards (Consolidated)

Performance overview

Sales for this period reached a record high. Major segments such as automotive-grade substrates, smartphones, and satellite communication substrates performed well, driving overall sales. On the other hand, increases in raw material costs, costs for new plant start-ups, and M&A-related expenses rose. Both operating income, ordinary income, and net income attributable to owners of the parent increased YoY. The impact of adding a new consolidated subsidiary and the acquisition/retirement of a bond-type preferred stock affected the financial position. The full-year forecast was left unchanged from the previous announcement.

Outlook and capital strategy

Full-year performance is forecast as sales of 320,000 million yen, operating income of 38,000 million yen, and net income attributable to owners of the parent of 27,000 million yen, with earnings per share expected to be 1,051.95 yen. As the quarterly consolidation scope expands, goodwill has arisen, and the company aims to maintain excess profitability through business expansion. However, raw material price effects and cost recovery for new plants may suppress profits.