Fiscal Year Ending March 2026 3rd Quarter Financial Summary [Japanese Standards] (Consolidated)

Overview of Performance

For the cumulative 3rd quarter of the fiscal year ending March 2026, consolidated performance recorded net sales of JPY 254,116 million (9.3% year-over-year increase), operating income of JPY 28,959 million (39.2% year-over-year increase), ordinary income of JPY 30,803 million (48.2% year-over-year increase), and quarterly net income attributable to owners of the parent of JPY 20,537 million (58.8% year-over-year increase). Strong performance in the domestic and overseas watch business as well as global brands, combined with revenue and profit growth in the Device Solutions and System Solutions businesses, indicate an overall solid recovery in earnings. The equity ratio rose to 43.9%, strengthening the financial base.

Dividends and Full-Year Earnings Forecast

The annual dividend was revised upward to JPY 150.00 per share (previous forecast was JPY 130.00), with a policy aiming for a consolidated dividend payout ratio of 30% or more. The full-year consolidated earnings forecast was also revised upward to net sales of JPY 328,000 million (7.6% year-over-year increase), operating income of JPY 29,000 million (36.5% year-over-year increase), and net income attributable to owners of the parent of JPY 20,000 million (50.2% year-over-year increase). All segments performed strongly, with significant growth particularly in the Emotional Value Solutions business.