Ushio Inc. Fiscal Year Ending March 31, 2027 – Second Quarter (Interim) Financial Summary [Japanese GAAP] (Consolidated)

Overview of Results

Ushio Inc. achieved increases in both revenue and profit in the second quarter (interim) of the fiscal year ending March 31, 2027, with net sales showing strong growth. By segment, Industrial Process, Visual Imaging, Life Science, Photonics Solution, and other areas all recorded expansion in sales and profits. Despite currency effects and rising raw material costs, profitability improved through cost reductions and better product mix. The company announced a revision to its full-year outlook, now forecasting net sales of 220,000 million yen, operating income of 18,000 million yen, and net income attributable to owners of parent of 12,000 million yen.

Financial Position and Outlook

At the end of the interim period, total assets stood at 366,905 million yen and net assets at 219,519 million yen. The equity ratio was 59.8%. Cash and cash equivalents decreased to 70,600 million yen. Meanwhile, increases in contract liabilities and unrealized gains on investment securities affected the financial structure. Interim period cash flows were positive 13,022 million yen from operating activities, positive 2,683 million yen from investing activities, and a large negative from financing activities, resulting in a cash balance at period-end of approximately 70,642 million yen. Going forward, the company will focus on growth investments and raw material cost management.