Q1 Financial Summary for the Fiscal Year Ending September 2026 [Japanese GAAP] (Consolidated)

Performance Overview

In the first quarter of the fiscal year ending September 2026, net sales increased to 51,910 million yen (2.6% YoY increase), but operating income declined to 2,403 million yen (43.9% YoY decrease), ordinary income was 3,825 million yen (24.0% YoY decrease), and net income attributable to owners of parent decreased to 2,784 million yen (33.5% YoY decrease). By segment, the Electronic Tubes segment recorded net sales of 18,502 million yen (2.3% YoY decrease) and operating income of 4,915 million yen (4.3% YoY decrease). The Optical Semiconductors segment posted net sales of 19,875 million yen (8.8% YoY increase) and operating income of 3,218 million yen (5.7% YoY decrease). The Imaging and Measurement Instruments segment achieved net sales of 7,375 million yen (9.5% YoY increase) and operating income of 1,574 million yen (15.7% YoY decrease). The Laser segment recorded net sales of 4,655 million yen (11.2% YoY decrease) and an operating loss of 1,984 million yen (operating loss was 973 million yen in the previous year quarter).

Financial Position and Future Outlook

Total assets increased by 23,319 million yen from the end of the previous consolidated fiscal year to 478,328 million yen, while net assets decreased by 3,473 million yen to 319,981 million yen. Due to treasury stock acquisitions, the number of treasury shares reached 25,348,940 shares, recording an increase of 7,999 million yen. There is no change to the full-year earnings forecast for the fiscal year ending September 2026, with net sales expected to be 222,000 million yen (4.7% YoY increase), operating income of 17,200 million yen (6.4% YoY increase), ordinary income of 20,200 million yen (7.4% YoY increase), and net income attributable to owners of parent of 14,300 million yen (0.7% YoY increase). The foreign exchange rates assumed are 1 USD = 148 yen, 1 Euro = 170 yen, and 1 Chinese Yuan = 20 yen.