First Quarter Financial Summary for the FY2027 (Consolidated)

Performance Overview

Verite recorded 2,088 million yen in sales for the first quarter, achieving a year-on-year increase of 22.9%. Operating income was 66 million yen, ordinary income 53 million yen, and quarterly net income 21 million yen, turning profitable. Improvements in gross margin and cost control contributed to profit growth. The balance sheet remains stable with total assets of 8,415 million yen and equity ratio of 50.4%. The full-year outlook remains unchanged from the previous announcement.

Outlook and Dividends

For the full year, the company projects sales of 9,694 million yen, operating income of 800 million yen, ordinary income of 744 million yen, and net income attributable to owners of the parent of 418 million yen. There is no change to the dividend forecast, with a total annual dividend of 6.00 yen including the year-end dividend. Although the current business environment remains uncertain, the company will pursue stable growth under the Diversity with Brilliance brand strategy by advancing gross margin improvements and product development.