Consolidated Financial Summary for the Third Quarter of the Fiscal Year Ending March 2026 (Japanese GAAP)

Overview of Business Performance

During the cumulative consolidated period of the third quarter of the fiscal year ending March 2026, net sales amounted to ¥151,403 million (2.8% YoY increase), operating income to ¥13,601 million (7.7% YoY increase), ordinary income to ¥14,061 million (8.5% YoY increase), and net income attributable to owners of parent to ¥10,183 million (15.8% YoY increase). The domestic interior segment experienced a decline in sales due to a sluggish construction market and the impact of a fire accident at a supplier’s factory, but operating income slightly increased due to expanded sales of high value-added products and price revision effects. The overseas segment contributed to overall sales and profit growth through steady performance in North America and recovery in Southeast Asia.

Financial Position and Future Outlook

Total assets stood at ¥181,894 million (a decrease of ¥2,029 million from the end of the previous fiscal year), total liabilities were ¥65,754 million (a decrease of ¥4,358 million), and total net assets amounted to ¥116,139 million (an increase of ¥2,329 million), improving the equity ratio to 63.4%. The number of shares outstanding remained unchanged at 59,200,000 shares, and the number of treasury shares decreased to 408,298 shares. There is no revision to the consolidated earnings forecast, with full-year net sales expected to be ¥210,000 million (4.8% YoY increase) and operating income forecast at ¥19,000 million (4.7% YoY increase).