Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
August 8, 2025
Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending March 31, 2026 (Based on Japanese GAAP)
Company name: Carlit Co., Ltd. (hereafter "the Company")
Listed exchange: Prime Market, Tokyo Stock Exchange Code number: 4275 URL: https://www.carlithd.co.jp
Representative: Hirofumi Kaneko, Representative Director and President Inquiries: Akira Yamamoto, General Manager of Finance Department Telephone: +81-3-6893-7075
Scheduled date to commence dividend payments: -Preparation of explanatory materials for financial results: No Holding of financial results briefing: No
(Amounts are rounded down to the nearest million yen)
Consolidated financial results for the first three months of the fiscal year ending March 31, 2026 (from April 1, 2025 to June 30, 2025)
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Three months ended
Jun. 30, 2025
Jun. 30, 2024
Millions of yen
8,655
8,760
%
(1.2)
(0.7)
Millions of yen
445
378
%
17.7
(26.5)
Millions of yen
581
533
%
8.9
(21.2)
Millions of yen
299
365
%
(18.1)
(27.8)
Note: Comprehensive income For the three months ended Jun. 30, 2025: ¥981 million [3.9%]
For the three months ended Jun. 30, 2024: ¥945 million [(11.3)%]
Basic earnings per share
Diluted earnings per share
Three months ended
Jun. 30, 2025
Jun. 30, 2024
Yen
12.79
15.49
Yen
-
-
Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
Jun. 30, 2025
Mar. 31, 2025
Millions of yen
55,346
53,012
Millions of yen
37,095
37,479
%
67.0
70.7
Yen
1,603.30
1,590.20
Reference: Shareholders' equity: As of Jun. 30, 2025: ¥37,095 million
As of Mar. 31, 2025: ¥37,479 million
Cash dividends
Annual dividends per share
1st quarter-end
2nd quarter-end
3rd quarter-end
Fiscal year-end
Total
Yen
-
-
Yen
Yen
-
Yen
Yen
Fiscal year ended Mar. 31, 2025
0.00
36.00
36.00
Fiscal year ending Mar. 31, 2026
Fiscal year ending Mar. 31, 2026
(Forecast)
0.00
-
36.00
36.00
Note: Revisions to the forecast of cash dividends most recently announced: None
Forecasts of consolidated financial results for the fiscal year ending March 31, 2026
(from April 1, 2025 to March 31, 2026) (Percentages indicate year-on-year changes)
Net sales | Operating profit | Ordinary | profit | Profit attributable to owners of parent | Basic earnings per share | ||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Six months ending Sep. 30, 2025 | 18,500 | 2.5 | 1,100 | (7.9) | 1,200 | (13.2) | 800 | (15.9) | 34.68 |
Full year | 39,000 | 5.6 | 3,100 | 1.7 | 3,350 | 0.9 | 2,700 | 5.0 | 117.04 |
Note: Revisions to the forecasts of consolidated financial results most recently announced: None
* Notes
Significant changes in the scope of consolidation during the period: None
Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes
Note: For details, please refer to "2. Quarterly Consolidated Financial Statements, (3) Notes to Quarterly Consolidated Financial Statements, Adoption of Accounting Treatment Specific to the Preparation of Quarterly Consolidated Financial Statements" on page 10 of the attached document.
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: None
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of Jun. 30, 2025
24,050,000 shares
As of Mar. 31, 2025
24,050,000 shares
Number of treasury shares at the end of the period
As of Jun. 30, 2025
912,859 shares
As of Mar. 31, 2025
480,859 shares
Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended Jun. 30, 2025 | 23,377,141 shares | Three months ended Jun. 30, 2024 | 23,569,180 shares |
Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit corporation: Yes (voluntary)
Proper use of earnings forecasts, and other special matters (Notice concerning forward-looking statements)
The forward-looking statements described in this document, such as business forecasts, are based on information available at the time of release of these materials and reasonable assumptions made by the Company, and do not represent a commitment from the Company that they will be achieved. Actual financial results, etc. may differ significantly from this forecast due to various factors. For assumptions used for earnings forecasts and notes on the use of earnings forecasts, please refer to "1. Overview of Business Results (3) Explanation of Forward-Looking Statements Including Forecasts of Consolidated Financial Results" on page 5 of the attached document.
(Other special matters) Not applicable
Table of Contents
Overview of Business Results 2
Overview of Business Results for the Three Months Ended June 30, 2025 2
Overview of the Consolidated Balance Sheets as of June 30, 2025 5
Explanation of Forward-Looking Statements Including Forecasts of Consolidated Financial Results 5
Quarterly Consolidated Financial Statements 6
Quarterly Consolidated Balance Sheets 6
Quarterly Consolidated Statements of Income and Comprehensive Income 8
Quarterly Consolidated Statements of Income 8
Quarterly Consolidated Statements of Comprehensive Income 9
Notes to Quarterly Consolidated Financial Statements 10
Adoption of Accounting Treatment Specific to the Preparation of Quarterly Consolidated Financial Statements 10
Segment Information 11
Significant Changes in Amounts of Shareholders' Equity 12
Going Concern Assumption 12
Notes to Quarterly Consolidated Cash Flow Statement 12
Independent Auditor's Interim Review Report on the Quarterly Consolidated Financial Statements
(Translation) 13
1
1. Overview of Business ResultsIn our Medium-term Management Plan "Challenge 2027," which started this fiscal year, we have positioned several businesses, including ammonium perchlorate, a solid propellant ingredient for space rockets and defense-related products, as priority areas, focus areas, and development areas, and are promoting management based on a new business portfolio.
The three years from fiscal year 2025 to fiscal year 2027, which is the period of the mid-term plan, are positioned as the "Investment Promotion" stage. To achieve business growth and profit expansion in the final year, we will actively execute investments such as production capacity enhancement, new production facilities, and energy-saving and labor-saving measures.
By executing our management philosophy of "For Confidence and Infinite Challenges," we aim to promote the growth of existing businesses and establish new businesses, while also promoting management that is conscious of the cost of capital and the share price in pursuing improvements in corporate value enlisting PBR as a benchmark.
-
Overview of Business Results for the Three Months Ended June 30, 2025
Explanation of operating results
In the three months ended June 30, 2025, performances were solid in the Chemical Products segment's Explosives and Ceramics, as well as in the Metal Working segment and in the Engineering Services segment, resulting in increased profits. This is due to the positive impact of our sales efforts such as the reflection of fair prices, in addition to the solid demand in the domestic market.
On the other hand, Material assessment service, Chemicals, Silicon wafers within the Chemical Products segment, along with the Bottling segment experienced profit declines. Particularly, the inventory valuation losses in Silicon wafers and the reduction in the operation of the hot-temperature filling production line in the Bottling segment had a significant impact on the business results.
Although profit before income taxes increased compared to the same period last year, the profit attributable to owners of parent decreased. This is due to changes in the estimated effective tax rate resulting from the merger conducted on October 1, 2024.
Consequently, on the whole, the results are as follows.
(Millions of yen, unless otherwise noted)
Three months ended Jun. 30, 2024
Three months ended Jun. 30, 2025
Amount of change
Rate of change
Net sales
8,760
8,655
(104)
(1.2)%
Operating profit
378
445
67
17.7%
Ordinary profit
533
581
47
8.9%
Profit attributable to owners of parent
365
299
(66)
(18.1)%
Explanations by business segment
On October 1, 2024, the Company transitioned from a holding company into an operating holding company by merging with its consolidated subsidiaries, Japan Carlit Co., Ltd. and Silicon Technology Corporation, with the Company as the surviving entity. Accordingly, management categories were revised, and financial information of the Company that was included in the Other segment prior to this reorganization is now included in the Chemical Products segment. The year-on-year analysis uses business results for the three months ended June 30, 2024, that have been revised based on this change in reporting segments.
Our main products and services are as follows.
Chemical Products segment
Explosives = increase in sales and profit
・Industrial explosives experienced a decrease in sales volume due to reduced demand for crushing limestone, but sales increased due to the reflection of fair prices. Profit remained flat.
2
