First Quarter Financial Summary for the Fiscal Year Ending March 2027 (Japan GAAP) (Consolidated)

Business Performance Summary

For the first nine months of the consolidated fiscal quarter, net sales were 3,929百万円, up 5.5% year on year. Ordinary income expanded to the 48百万円 range, and net income attributable to owners of the parent for the quarter turned positive to 22百万円. By segment, the paper and paper-related wholesale business posted net sales of 4,070百万円 and real estate leasing 12百万円, remaining solid. The full-year outlook is for net sales of 16,400百万円, operating income of 157百万円, ordinary income of 222百万円, and net income attributable to owners of the parent of 155百万円, with an upward revision anticipated.

Outlook and Capital Allocation

Medium-term plan remains in place, aiming to stabilize the earnings base through demand creation and strengthening high value-added products. Dividends are expected to be unchanged from the latest projection. Segment-wise, driven by digitalization and recovery in overseas demand, demand is expected in the technical paper, speciality paper, and high-value packaging areas. The full-year forecast is set conservatively given market uncertainties, but improvements are anticipated in both sales and profits year over year.