Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 532KB

Company name: ORGANO CORPORATION Listing: Tokyo Stock Exchange Securities code: 6368

URL: https://www.organo.co.jp/english/

Representative: Masayuki Yamada, Representative Director and President

May 13, 2026

Inquiries: Minoru Ando, General Manager of Accounting Dept., Corporate Management and Planning

TEL: +81-3-5635-5111

Scheduled date of ordinary general meeting of shareholders: June 26, 2026 Scheduled date to commence dividend payments: June 29, 2026

Scheduled date to file annual securities report: June 25, 2026 Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for institutional investors and analysts)

(Millions of yen with fractional amounts discarded, unless otherwise noted)

1. Consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)

   1. Consolidated operating results (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Fiscal year ended March 31, 2026 March 31, 2025	Millions of yen 177,654 163,269	% 8.8 8.6	Millions of yen 37,648 31,120	% 21.0 38.0	Millions of yen 38,130 31,639	% 20.5 35.1	Millions of yen 28,401 24,150	% 17.6 39.5

      Note: Comprehensive income: Fiscal year ended March 31, 2026 ¥30,378 million [19.7%]

      Fiscal year ended March 31, 2025 ¥25,376 million [32.8%]

      	Basic earnings per share	Diluted earnings per share	Return on equity	Ratio of ordinary profit to total assets	Operating profit ratio
      Fiscal year ended	Yen	Yen	%	%	%
      March 31, 2026	617.74	-	21.5	18.2	21.2
      March 31, 2025	525.37	-	21.7	16.8	19.1

      (Reference) Share of profit (loss) of entities accounted for using equity method Fiscal year ended March 31, 2026 ¥163 million

      Fiscal year ended March 31, 2025 ¥122 million

   2. Consolidated financial position

      	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
      As of	Millions of yen	Millions of yen	%	Yen
      March 31, 2026	224,867	142,962	63.6	3,109.08
      March 31, 2025	194,396	121,194	62.2	2,631.24

      (Reference) Equity: As of March 31, 2026 ¥142,962 million

      As of March 31, 2025 ¥120,947 million

   3. Consolidated cash flows

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
   Fiscal year ended March 31, 2026 March 31, 2025	Millions of yen 13,099 21,100	Millions of yen (2,743) (2,130)	Millions of yen 3,118 (20,821)	Millions of yen 31,055 16,751

2. Cash dividends

   	Annual dividends per share					Total cash dividends (annual)	Payout ratio (consolidated)	Ratio of dividends to net assets (consolidated)
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen	Yen	Yen	Yen	Yen	Millions of yen 7,363 9,204	%	%
   Fiscal year ended March 31, 2025	-	71.00	-	89.00	160.00		30.5	6.6
   Fiscal year ended March 31, 2026	-	95.00	-	105.00	200.00		32.4	7.0
   Fiscal year ending March 31, 2027 (Forecast)	-	110.00	-	22.00	-		33.7

   Note: As the Company will implement a five-for-one share split of its common shares effective October 1, 2026, the year-end dividend per share for the fiscal year ending March 31, 2027 (forecast) is stated to reflect the impact of this share split, and the total amount of cash dividends (annual) is indicated as “–”. Excluding the impact of the share split, for the fiscal year ending March 31, 2027 (forecast), the year-end dividend per share would be ¥110 and annual dividends per share would be ¥220.

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 2027)

(Percentages indicate year-on-year changes.)

Note: The consolidated earnings forecast for the fiscal year ending March 31, 2027 includes the impact of the share split on basic earnings per share. Excluding the impact of the share split, basic earnings per share would be ¥652.42.

1. Significant changes in the scope of consolidation during the period: Yes Newly included: -

   Excluded: 1 company (PT Lautan Organo Water)

   Note: For more details, please refer to “Significant changes in the scope of consolidation during the fiscal year under review” on page 16 of the attached material.

2. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

3. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares)

      As of March 31, 2026	46,359,700 shares
      As of March 31, 2025	46,359,700 shares

   2. Number of treasury shares at the end of the period

      As of March 31, 2026	377,352 shares
      As of March 31, 2025	393,638 shares

   3. Average number of shares outstanding during the period

Note: The Company has introduced an Officer Share Delivery Trust, and shares of the Company held by the Trust have been included in treasury shares excluded from the calculation of the number of treasury shares at the end of the period and the average number of shares outstanding during the period.

1. Non-consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)

   1. Non-consolidated operating results (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit
      Fiscal year ended March 31, 2026 March 31, 2025	Millions of yen 106,796 98,305	% 8.6 6.3	Millions of yen 20,151 18,273	% 10.3 41.8	Millions of yen 27,818 23,348	% 19.1 45.0	Millions of yen 22,503 20,698	% 8.7 63.3

      	Basic earnings per share	Diluted earnings per share
      Fiscal year ended March 31, 2026 March 31, 2025	Yen 489.45 450.28	Yen - -

   2. Non-consolidated financial position

      	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
      As of March 31, 2026 March 31, 2025	Millions of yen 167,137 142,595	Millions of yen 106,574 92,369	% 63.8 64.8	Yen 2,317.72 2,009.51

      (Reference) Equity: As of March 31, 2026 ¥106,574 million

      As of March 31, 2025 ¥92,369 million

      • Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.

      • Proper use of earnings forecasts, and other special matters (Caution regarding forward-looking statements and others)

   The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Consequently, any statements herein do not constitute assurances regarding actual results by the Company. Actual business and other results may differ substantially due to various factors. Please refer to “(4) Future outlook” in “1. Overview of operating results, etc.” on page 7 of the attached material for the suppositions that form the assumptions for earnings forecasts and cautions concerning the use thereof.

   Attached Material

   Index

   1. Overview of operating results, etc 2
      1. Overview of operating results for the fiscal year under review 2
      2. Overview of financial position for the fiscal year under review 6
      3. Overview of cash flows for the fiscal year under review 6
      4. Future outlook 7
   2. Basic policy regarding the selection of accounting standards 7
   3. Consolidated financial statements and significant notes thereto 8
      1. Consolidated balance sheet 8
      2. Consolidated statement of income and consolidated statement of comprehensive income 10Consolidated statement of income 10Consolidated statement of comprehensive income 11
      3. Consolidated statement of changes in equity 12
      4. Consolidated statement of cash flows 14
      5. Notes to consolidated financial statements 16
   Notes on premise of going concern 16Significant changes in the scope of consolidation during the fiscal year under review 16Segment information, etc 16Per share information 20Significant subsequent events 21
   1. Overview of operating results, etc.
      1. Overview of operating results for the fiscal year under review

         During the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026), the global economy continued to face uncertainty due to concerns over geopolitical risks, including energy supply instability, rising prices, and impacts on supply chains stemming from the escalating situation in the Middle East, in addition to the impact of U.S. trade policy and the slowdown in the Chinese economy. However, the global economy remained on a gradual recovery trend overall.

         In the electronics industry, the Organo Group’s main market, demand for power semiconductors, including those for automotive applications, remained sluggish due to the slowdown in the growth of the electric vehicle (EV) market. However, capital investment for mass production of cutting-edge semiconductors remained at a high level throughout the year, driven by the rapid expansion of demand for generative artificial intelligence (AI) and the full-scale ramp-up of investment in data centers. In the general industry, and in the social infrastructure field, such as electric power/water supply and sewage, steady growth has been seen mainly driven by demand for maintenance services.

         Under these conditions, while promoting order-taking and delivery activities for large-scale projects in Japan and overseas, the Organo Group strove to expand production and delivery capacities. Initiatives included establishment of a local engineering structure in the U.S., strengthening of our solutions structure in Japan and overseas, and establishment of a new site in India. In addition to promoting technology development and intellectual property strategies aligned with our business strategy, we worked to strengthen our management foundation by expanding investment in human resources in Japan and overseas, enhancing sustainability and governance, and renewing the core systems.

         As a result, for the fiscal year ended March 31, 2026, orders received increased by 11.0% year on year to ¥167,956 million, net sales increased by 8.8% year on year to ¥177,654 million, operating profit increased by 21.0% year on year to ¥37,648 million, ordinary profit increased by 20.5% year on year to

         ¥38,130 million, profit attributable to owners of parent increased by 17.6% year on year to ¥28,401 million, and return on equity (ROE) was 21.5%, compared to 21.7% for the previous fiscal year. Orders received were lower than the initial plan but remained at a level exceeding the previous fiscal year’s result. Net sales and all kinds of profits surpassed the actual results of the previous fiscal year and the levels of the initial plan across the board and achieved record highs as in the previous fiscal year. The carry-over balance for the order backlog, which will form the basis for sales from the next fiscal year onward, was ¥96,503 million (down 8.8% year on year), remaining at a high level.

         (Millions of yen)

         Category	80th term Fiscal year ended March 31, 2025	81st term (Fiscal year under review) Fiscal year ended March 31, 2026		Year-on-year	Actual-to-forecast
         		Initial plan	Actual result
         Orders received	151,272	180,000	167,956	11.0%	(6.7)%
         Carry-over balance for order backlog	105,778	110,778	96,503	(8.8)%	(12.9)%
         Net sales	163,269	175,000	177,654	8.8%	1.5%
         Operating profit	31,120	31,500	37,648	21.0%	19.5%
         Operating profit ratio (%)	19.1	18.0	21.2	-	-
         Ordinary profit	31,639	32,000	38,130	20.5%	19.2%
         Profit attributable to owners of parent	24,150	24,200	28,401	17.6%	17.4%
         Return on equity (ROE) (%)	21.7	18.8	21.5	-	-

         Results by segment are as follows.

         [Water Treatment Engineering Business Unit]

         Net sales ratio 84.6%

Orders received ¥141,685 million (Up 12.2% year on year)

Net sales ¥151,961 million (Up 10.0% year on year)

Operating profit ¥34,339 million (Up 25.4% year on year)

Major Business

• Major Business and Products

Plant Division

Service Solutions Division

• Customers and Markets

  Pure and ultrapure water production facilities Industrial process water treatment facilities Wastewater treatment and recovery facilities Valuable material recovery facilities Production processing-related facilities

  Replacement of expendable items Maintenance Operational support services Renovation and reconditioning

  Electronics industry

  Semiconductors Flat panel display Electronic parts

  Electric power/ water supply and sewage Power plants Water purification

  plants Sewage treatment plants

  General industry

  Pharmaceuticals, cosmetics

  Food and beverage Machinery and chemicals

  Contract water treatment Comprehensive maintenance

  • Orders received

    Orders received increased 12.2% year on year to ¥141,685 million. In the electronics industry, although orders received were lower than the initial forecast because the timing of the receiving of orders for some large-scale projects was delayed to the next fiscal year, orders received increased year on year due to securing large semiconductor projects in Taiwan, the U.S., and Europe, as well as strong performance of the Service Solutions Division, such as facility-owned services and various maintenance services. In the general industry, orders received decreased, reflecting the trend of orders for some large projects, but solutions projects such as various maintenance services remained strong. In the social infrastructure field, orders received increased due to securing of orders for new and expanded thermal power plant projects.

  • Net sales

    Net sales increased 10.0% year on year to ¥151,961 million. In the electronics industry, net sales increased, reflecting strong performance of the Service Solutions Division, such as facility-owned services and various maintenance services, in addition to steady progress in plant projects in Japan, Taiwan, and the U.S. In the general industry, net sales increased, reflecting steady progress in plant projects in the electronics peripherals field and strong performance of the Service Solutions Division. In the social infrastructure field, sales were robust centering on maintenance of thermal and nuclear power plants.

  • Operating profit

    Operating profit increased 25.4% year on year to ¥34,339 million. Factors contributing to the increase in operating profit include expanded net sales, primarily in the electronics industry, and increased sales in the relatively high-margin Service Solutions Division. Furthermore, steady progress in profitable plant projects and improved gross profit margin resulting from efforts to improve profitability, mainly in overseas plant projects, as well as cost reductions had a large impact on offsetting an increase in selling, general and administrative expenses, primarily composed of personnel expenses and IT-related expenses.

    [Performance Products Business Unit]

    Net sales ratio 15.4%

Orders received ¥26,270 million (Up 5.3% year on year)

Net sales ¥25,693 million (Up 2.2% year on year)

Operating profit ¥3,309 million (Down 11.5% year on year)

• Orders received/Net sales

  Orders received increased 5.3% year on year to ¥26,270 million and net sales increased 2.2% year on year to ¥25,693 million. Despite the impact of streamlining low-margin transactions in the Food Products Division, in the Standard Water Equipment and Functional Materials Division, orders and sales increased for small-scale pure water production systems for medical and research institutions and functional materials for advanced separation and refinement of electronic materials used in semiconductor manufacturing. In the Water Treatment Chemicals Division, orders and sales for RO membrane protection chemicals and wastewater treatment chemicals for the electronics industry were strong. As a result, both orders received and net sales of the Performance Products Business Unit increased.

• Operating profit

  Operating profit decreased 11.5% year on year to ¥3,309 million. Gross profit margin improved due to increased net sales and factors such as growth in sales of relatively high-margin products such as water treatment chemicals and functional materials for the electronics industry and the streamlining of low-margin transactions in the Food Products Division. However, the increase in selling, general, and administrative expenses, primarily composed of personnel expenses, was not fully offset, resulting in a slight decrease in operating profit.

Looking ahead, there are concerns about shortages and price increases of petrochemical products and other goods against the backdrop of geopolitical risks such as the situation in the Middle East. If these impacts persist for an extended period, they are expected to affect procurement of various raw materials and transportation costs. However, at this point in time, no circumstances have arisen that would significantly affect our earnings, and we anticipate a high level of capital investment, particularly in cutting-edge semiconductors, in the electronics industry, our core market.

Based on these assumptions, with respect to the earnings forecasts for the fiscal year ending March 31, 2027, plans call for orders received of ¥230,000 million (up 36.9% year on year), net sales of ¥200,000 million (up 12.6% year on year), operating profit of ¥40,000 million (up 6.2% year on year), ordinary profit of ¥40,000 million (up 4.9% year on year), profit attributable to owners of parent of ¥30,000 million (up 5.6% year on year), and return on equity (ROE) of 20.0%.

Regarding orders received, we anticipate receiving orders for large-scale projects for cutting-edge semiconductors in Japan, Taiwan, and the U.S. Regarding net sales, we anticipate steady progress mainly in large-scale projects for cutting-edge semiconductors overseas. We also expect expansion of the Service Solutions Division’s business, such as facility-owned services and various maintenance services, and robust performance of the Performance Products Business Unit. In terms of profit, we anticipate increases in profits due to the expansion of sales.

(Millions of yen, %)

Category

Fiscal year ended March 31,

2026

Fiscal year ending March 31,

2027

Initial plan

Change

1. Basic policy regarding the selection of accounting standards

   The Organo Group will prepare its consolidated financial statements in accordance with Japanese GAAP for the time being.

   Meanwhile, we will remain attentive to developments in Japan and overseas with respect to the International Financial Reporting Standards (IFRS).

2. Consolidated financial statements and significant notes thereto

1. Consolidated balance sheet

   (Millions of yen)

   As of March 31, 2025 As of March 31, 2026

   Assets

   Current assets

   Cash and deposits	16,751	31,055
   Notes receivable - trade	677	203
   Accounts receivable - trade	42,549	47,786
   Electronically recorded monetary claims - operating	4,502	3,991
   Contract assets	36,223	33,202
   Investments in leases	35,512	53,856
   Merchandise and finished goods	8,010	8,552
   Work in process	11,169	5,386
   Raw materials and supplies	3,345	4,625
   Other	5,719	3,426
   Allowance for doubtful accounts	(94)	(82)
   Total current assets	164,367	192,002
   Non-current assets
   Property, plant and equipment
   Buildings and structures	19,937	21,376
   Accumulated depreciation	(13,992)	(14,356)
   Buildings and structures, net	5,944	7,019
   Machinery, equipment and vehicles	7,298	7,551
   Accumulated depreciation	(6,206)	(6,464)
   Machinery, equipment and vehicles, net	1,091	1,087
   Land	12,437	12,570
   Construction in progress	690	246
   Other	7,078	7,483
   Accumulated depreciation	(5,726)	(6,004)
   Other, net	1,352	1,478
   Total property, plant and equipment	21,516	22,402
   Intangible assets	1,120	1,572
   Investments and other assets
   Investment securities	2,373	2,723
   Retirement benefit asset	2,260	3,262
   Deferred tax assets	2,391	2,535
   Other	505	509
   Allowance for doubtful accounts	(138)	(141)
   Total investments and other assets	7,391	8,889
   Total non-current assets	30,028	32,864
   Total assets	194,396	224,867

   (Millions of yen)

   As of March 31, 2025 As of March 31, 2026

   Liabilities

   Current liabilities

   Notes and accounts payable - trade 23,438 19,953

   Electronically recorded obligations - operating 4,648 2,959

   Short-term borrowings 18,877 28,402

   Income taxes payable 5,042 6,512

   Contract liabilities 2,564 3,516

   Provision for product warranties 1,349 1,324

   Provision for bonuses 2,161 2,338

   Provision for loss on construction contracts 34 18

   Provision for share awards for directors (and

   other officers)

   103 90

   Total current liabilities 64,401 70,939

   Other 6,180 5,823

   Long-term borrowings 3,680 6,000

   Non-current liabilities

   Retirement benefit liability 4,984 4,702

   Deferred tax liabilities 25 90

   Total non-current liabilities 8,799 10,965

   Other 110 172

   Net assets

   Total liabilities 73,201 81,904

   Share capital 8,225 8,225

   Shareholders’ equity

   Retained earnings 100,982 120,916

   Capital surplus 7,508 7,508

   Total shareholders’ equity 115,969 136,008

   Treasury shares (746) (642)

   Accumulated other comprehensive income Valuation difference on available-for-sale securities

   256 324

   Foreign currency translation adjustment 3,397 4,624

   Remeasurements of defined benefit plans	1,323	2,005
   Total accumulated other comprehensive income	4,978	6,954
   Non-controlling interests	246	-
   Total net assets	121,194	142,962
   Total liabilities and net assets	194,396	224,867

2. Consolidated statement of income and consolidated statement of comprehensive income Consolidated statement of income

   (Millions of yen)

   	Fiscal year ended	Fiscal year ended
   	March 31, 2025	March 31, 2026
   	(From April 1, 2024 to	(From April 1, 2025 to
   	March 31, 2025)	March 31, 2026)
   Net sales	163,269	177,654
   Cost of sales	108,087	112,570
   Gross profit	55,182	65,084
   Selling, general and administrative expenses	24,061	27,435
   Operating profit	31,120	37,648
   Non-operating income
   Interest income	120	263
   Dividend income	31	18
   Foreign exchange gains	383	271
   Share of profit of entities accounted for using equity method	122	163
   Other	123	94
   Total non-operating income	780	811
   Non-operating expenses
   Interest expenses	246	298
   Other	15	31
   Total non-operating expenses	262	330
   Ordinary profit	31,639	38,130
   Extraordinary income
   Gain on sale of non-current assets	4	4
   Gain on sale of investment securities	724	150
   Gain on sale of shares of subsidiaries and – 40 associates

   Total extraordinary income 728 195

   Extraordinary losses

   Loss on sale of non-current assets	-	0
   Loss on abandonment of non-current assets	9	15
   Total extraordinary losses	9	15
   Profit before income taxes	32,358	38,309
   Income taxes - current	8,107	10,360
   Income taxes - deferred	63	(452)
   Total income taxes	8,171	9,908
   Profit	24,186	28,401
   Profit attributable to non-controlling interests	36	-
   Profit attributable to owners of parent	24,150	28,401

   Consolidated statement of comprehensive income

   Fiscal year ended March 31, 2025

   (From April 1, 2024 to

   March 31, 2025)

   (Millions of yen) Fiscal year ended March 31, 2026

   (From April 1, 2025 to

   March 31, 2026)

   Profit 24,186	28,401
   Other comprehensive income
   Valuation difference on available-for-sale (517)	64
   Foreign currency translation adjustment 1,486	1,232
   Remeasurements of defined benefit plans, net of 220	683
   Share of other comprehensive income of entities (0) accounted for using equity method	(5)
   Total other comprehensive income	1,189 1,976
   Comprehensive income	25,376 30,378
   Comprehensive income attributable to

   securities

   tax

   Comprehensive income attributable to owners of parent

   Comprehensive income attributable to non-controlling interests

   25,322 30,378

   53 -

3. Consolidated statement of changes in equity

(Millions of yen)

(Millions of yen)

Share of loss (profit) of entities accounted for using equity method

Loss (gain) on sale of shares of subsidiaries and associates

122 (163)

– (40)

Loss (gain) on sale of non-current assets (4) (4)

Purchase of property, plant and equipment (2,262) (2,072) Proceeds from sale of property, plant and

4 4

equipment

(Millions of yen)

1. Notes to consolidated financial statements Notes on premise of going concern

   No items to report

   Significant changes in the scope of consolidation during the fiscal year under review

   The Company transferred part of its shareholding in the consolidated subsidiary PT Lautan Organo Water (hereinafter, “LOW”) to PT Lautan Air Indonesia, a subsidiary of PT Lautan Luas Tbk that is the Company’s partner in the joint venture LOW on April 11, 2025.

   With this transfer of shares, LOW ceased to be a consolidated subsidiary and has become an equity-method affiliate of the Company.

   Segment information, etc.

   [Segment information]

   1. Overview of reportable segments

      The reportable segments of the Company are the business units for which the Company is able to obtain respective financial information separately in order for the Board of Directors to conduct periodic reviews to determine the distribution of management resources and evaluate their business results.

      Based on a system of separate business units according to the product and service, the Company formulates comprehensive strategies for Japan and overseas for products and services handled by each business unit, etc., and carries out its business activities.

      Therefore, the Company is comprised of product and service segments based on the business units, etc., and the two reportable segments, Water Treatment Engineering Business Unit and Performance Products Business Unit, handle products with similar qualities and economic characteristics and services with similar contents.

      Each reportable segment and the major products and businesses in the segments are as follows.

      Reportable Segment	Major Products and Business
      Water Treatment Engineering Business Unit	Plant Division	Pure and ultrapure water production facilities, Industrial process water treatment facilities, Wastewater treatment and recovery facilities, Valuable material recovery facilities, Production processing-related facilities
      	Service Solutions Division	Replacement of expendable items, Maintenance, Operational support services, Renovation and reconditioning, Contract water treatment, Comprehensive maintenance
      Performance Products Business Unit	Water Treatment Chemicals Division	RO membrane protection chemicals, Wastewater treatment chemicals, Cooling water treatment chemicals, Cleaning chemicals, Boiler water treatment chemicals
      	Standard Water Equipment and Functional Materials Division	Pure and ultrapure water production systems, Filters Functional materials (separation and refinement materials)
      	Food Products Division	Food ingredients, Food processing agents

   2. Calculation of net sales, profit (loss), assets, liabilities, and other items by reportable segment

      The accounting methods used for reportable segments are the same as the accounting methods adopted for the preparation of consolidated financial statements.

      Intersegment sales or transfers are determined by referencing general trading conditions in consideration of market prices, etc.

      Moreover, the figures for segment profit are based on operating profit, and there are no discrepancies with the operating profit shown in the consolidated statement of income.

   3. Net sales, profit (loss), assets, liabilities, and other items by reportable segment

Fiscal year ended March 31, 2025 (From April 1, 2024 to March 31, 2025)

(Millions of yen)

Notes: 1. The adjustments of ¥6,938 million for segment assets are mainly deferred tax assets, retirement benefit asset, and prepaid expenses.

1. “Depreciation” and “Increase in property, plant and equipment and intangible assets” include amortization of and an increase in long-term prepaid expenses.

Fiscal year ended March 31, 2026 (From April 1, 2025 to March 31, 2026)

(Millions of yen)

Notes: 1. The adjustments of ¥8,562 million for segment assets are mainly deferred tax assets, retirement benefit asset, and prepaid expenses.

2. “Depreciation” and “Increase in property, plant and equipment and intangible assets” include amortization of and an increase in long-term prepaid expenses.

[Related information]

Fiscal year ended March 31, 2025 (From April 1, 2024 to March 31, 2025)

1. Information by product and service

   This information has been omitted, as identical information is disclosed in segment information.

2. Information by region

   1. Net sales

      (Millions of yen)

      Japan	Taiwan	U.S.	China	Southeast Asia	Other	Total
      100,225	27,854	2,324	20,543	12,112	208	163,269

      Note: Net sales are classified into countries or regions based on customers’ location.

   2. Property, plant and equipment

   This information has been omitted as the amount of property, plant and equipment located in Japan is more than 90% of property, plant and equipment in the consolidated balance sheet.

3. Information by major customer

(Millions of yen)

Note: Net sales comprise sales to Taiwan Semiconductor Manufacturing Company, Ltd. and to its corporate group.

Fiscal year ended March 31, 2026 (From April 1, 2025 to March 31, 2026)

1. Information by product and service

   This information has been omitted, as identical information is disclosed in segment information.

2. Information by region

   1. Net sales

      Japan	Taiwan	U.S.	China	Southeast Asia	Other	Total
      111,128	44,220	9,710	6,185	5,601	808	177,654

      (Millions of yen)

      Note: Net sales are classified into countries or regions based on customers’ location. (Change in the method of presentation)

      In the previous fiscal year, “U.S.” was included in “Other.” However, due to its increased materiality, it is presented separately from the current fiscal year. To reflect this change in presentation, “2. Information by region (1) Net sales” for the fiscal year ended March 31, 2025 has been reclassified. As a result, the 2,533 million yen previously reported under “Other” for the fiscal year ended March 31, 2025 has been reclassified as 2,324 million yen under “U.S.” and 208 million yen under “Other.”

   2. Property, plant and equipment

   This information has been omitted as the amount of property, plant and equipment located in Japan is more than 90% of property, plant and equipment in the consolidated balance sheet.

3. Information by major customer

(Millions of yen)

Note: Net sales comprise sales to Taiwan Semiconductor Manufacturing Company, Ltd. and to its corporate group.

[Information relating to impairment loss of non-current assets by each reportable segment]

No items to report

[Information relating to amortization of goodwill and unamortized balance by each reportable segment]

No items to report

[Information relating to gain on bargain purchase by each reportable segment] No items to report

Notes: 1. Diluted earnings per share is not presented since no potential shares exist.

1. When calculating net assets per share in the fiscal year ended March 31, 2026, common shares of the Company held by the Officer Share Delivery Trust have been included in treasury shares excluded from the total number of issued shares at the end of the period (54 thousand shares at the end of the fiscal year ended March 31, 2025; 38 thousand shares at the end of the fiscal year ended March 31, 2026). Moreover, when calculating basic earnings per share, they have been included in treasury shares excluded from the calculation of the average number of shares outstanding during the period (53 thousand shares in the fiscal year ended March 31, 2025; 43 thousand shares in the fiscal year ended March 31, 2026).

2. The basis for the calculation of basic earnings per share is as follows.

   	Fiscal year ended March 31, 2025 (From April 1, 2024 to March 31, 2025)	Fiscal year ended March 31, 2026 (From April 1, 2025 to March 31, 2026)
   Profit attributable to owners of parent (millions of yen)	24,150	28,410
   Amounts not attributable to common shareholders (millions of yen)	-	-
   Profit attributable to owners of parent related to common shares (millions of yen)	24,150	28,410
   Average number of common shares outstanding during the period (thousands of shares)	45,968	45,976

3. The basis for the calculation of net assets per share is as follows.

Share split and partial amendments to the Articles of Incorporation in relation to the share split

At a meeting of the Board of Directors held on May 13, 2026, the Company resolved to implement a share split and make partial amendments to the Articles of Incorporation in relation to the share split.

1. Purpose of the share split

   The purpose of the share split is to create a more investment-friendly environment by reducing the price per investment unit of the Company’s shares so as to improve liquidity of the shares and broaden the investor base.

2. Outline of the share split

   1. Method of share split

      The Company will implement a five-for-one share split of its common shares owned by shareholders recorded in the closing register of shareholders with a record date of September 30, 2026.

   2. Increase in the number of shares due to the share split

      (i)	Total number of issued shares before the share split	46,359,700 shares
      (ii)	Increase in the number of shares due to the share split	185,438,800 shares
      (iii)	Total number of issued shares after the share split	231,798,500 shares
      (iv)	Total number of shares authorized to be issued after the share split	507,840,000 shares

   3. Schedule of the share split

      Public notice of record date: September 14, 2026 (scheduled)

      Record date: September 30, 2026

      Effective date: October 1, 2026

   4. Impact on per share information

   The per-share information, assuming that the share split had been implemented at the beginning of the fiscal year ended March 31, 2025 is as follows.

   	Fiscal year ended March 31, 2025 (From April 1, 2024 to March 31, 2025)	Fiscal year ended March 31, 2026 (From April 1, 2025 to March 31, 2026)
   Net assets per share	¥526.25	¥621.82
   Basic earnings per share	¥105.07	¥123.55

3. Partial amendments to the Articles of Incorporation in relation to the share split

   1. Reason for the amendments to the Articles of Incorporation

      In conjunction with the share split, pursuant to Article 184, paragraph 2 of the Companies Act, the Company will amend the total number of authorized shares prescribed in Article 6 (Total Number of Shares Authorized to Be Issued) of the current Articles of Incorporation on October 1, 2026.

   2. Details of the amendments to the Articles of Incorporation The details of the amendments are as follows.

      (Underlines indicate amended sections.)

      Current Articles of Incorporation	Proposed Amendments
      Article 6. (Total Number of Shares Authorized to Be Issued) The total number of shares authorized to be issued by the Company shall be 101,568,000 shares.	Article 6. (Total Number of Shares Authorized to Be Issued) The total number of shares authorized to be issued by the Company shall be 507,840,000 shares.

   3. Schedule of the amendments to the Articles of Incorporation Date of Board of Directors resolution: May 13, 2026

   Effective date: October 1, 2026

4. Other

The amount of the Company’s share capital will not change as a result of the share split.