Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (JGAAP) （PDF/618KB）

Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (JGAAP)

(May 13, 2026)

Company name Sumitomo Osaka Cement Co., Ltd Stock Exchange Listing Tokyo Stock code 5232 URL https://www.soc.co.jp/

Representative (Job Title) Representative

Director, President

General Manager, Contact Manager (Job Title) Corporate Planning

Department

(Name) Hirotsune Morohashi

(Name) Masahiko Ebisui (TEL)

+81-3-6370-

2725

Scheduled date for the Ordinary General Meeting of Shareholders

Scheduled date of submission of annual securities report

June 25, 2026 Scheduled date to commence

dividend payments

June 24, 2026

June 26, 2026

Availability of preparation of supplementary explanatory materials for financial results:

Available

Availability to hold financial briefings: Available (for institutional investors and securities

analysts)

(Figures are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (From April 1, 2025, to March 31, 2026)

   1. Consolidated Operating Results (% indicates year-on-year change)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of the parent
      	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      FY ended March 31, 2026	223,686	1.9	13,648	45.9	14,405	53.8	11,214	24.5
      FY ended March 31, 2025	219,465	(1.4)	9,351	29.0	9,367	10.5	9,008	(41.3)

      (Note)Comprehensive income FY ended March 31, 2026 13,237 million yen [122.8%]

      FY ended March 31, 2025 5,942 million yen [(63.5%)]

      	Basic earnings per share	Diluted earnings per share	Return on equity	Ratio of ordinary profit to total assets	Operating profit margin
      	Yen	Yen	%	%	%
      FY ended March 31, 2026	349.58	-	5.8	4.0	6.1
      FY ended March 31, 2025	270.37	-	4.7	2.6	4.3

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

      FY ended March 31, 2026 265 million yen

      FY ended March 31, 2025 (0) million yen

   2. Consolidated Financial Status

      	Total assets	Net assets	Equity ratio	Net assets per share
      	Millions of yen	Millions of yen	%	Yen
      As of March 31, 2026	361,980	197,948	54.0	6,162.78
      As of March 31, 2025	353,029	193,660	54.1	5,793.86

      (Reference) Equity As of March 31, 2026 195,306 million yen

      As of March 31, 2025 191,097 million yen

   3. Consolidated Cash Flow Status

      	Cash flow from operating activities	Cash flow from investing activities	Cash flow from financing activities	Cash and cash equivalents at end of period
      	Millions of yen	Millions of yen	Millions of yen	Millions of yen
      FY ended March 31, 2026	34,539	(28,566)	(5,954)	16,588
      FY ended March 31, 2025	24,885	(21,816)	(5,341)	16,511

2. Dividend Status

   	Full-year dividend					Total dividends (total)	Dividend payout ratio (consolidated)	Dividend on equity (consolidated)
   	End of 1Q	End of 2Q	End of 3Q	Year-end	Total
   	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
   FY ended March 31, 2025	-	60.00	-	60.00	120.00	3,964	44.4	2.1
   FY ended March 31, 2026	-	60.00	-	60.00	120.00	3,811	34.3	2.0
   End of March 31, 2027 (forecast)	-	60.00	-	60.00	120.00		38.0

3. Consolidated Performance Forecast for the Fiscal Year Ending March,31 2027 (From April 1, 2026, to March 31, 2027)

(% indicates year-on-year change)

* Notes

1. Significant Changes in the Scope of Consolidation during the Fiscal Year Under Review: None

2. Changes in Accounting Policies, Changes in Accounting Estimation or Restatements

   1. Changes in accounting policies due to the revision of accounting standards: None

   2. Changes in accounting policies other than (i): None

   3. Changes in accounting estimation: None

   4. Restatements: None

3. Numbers of Shares Issued (Common Shares)

(Reference) Overview of Individual Performance

1. Individual Performance of Fiscal Year Ended March 31, 2026 (from April 1, 2025, to March 31, 2026)

   1. Individual Operating Results (% indicates year-on-year change)

      	Net sales		Operating profit		Ordinary profit		Profit
      	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      FY ended March 31, 2026	179,093	1.3	6,987	130.9	9,114	114.9	8,463	24.5
      FY ended March 31, 2025	176,773	(2.6)	3,025	114.3	4,240	15.9	6,799	(47.6)

      	Basic earnings per share	Diluted earnings per share
      	Yen	Yen
      FY ended March 31, 2026	263.83	-
      FY ended March 31, 2025	204.08	-

   2. Individual Financial Status

      	Total assets	Net assets	Equity ratio	Net assets per share
      	Millions of yen	Millions of yen	%	Yen
      As of March 31, 2026	305,239	142,371	46.6	4,492.44
      As of March 31, 2025	299,440	141,644	47.3	4,294.50

      (Reference) Equity As of March 31, 2026 142,371 million yen

      As of March 31, 2025 141,644 million yen

2. Individual Earnings Forecast for the Fiscal Year Ending March 31, 2027 (From April 1, 2026 to March 31, 2027)

(% indicates year-on-year change)

*Financial reports are outside of the scope of review by certified public accountants or an audit firm.

* Explanation for the appropriate use of performance forecasts and other special notes:

The statements regarding forecasts of financial results in this report are based on information that is available to the Company at present. Therefore, there might be cases in which actual results differ materially from forecast values due to various factors. Please refer to page 4 of the attached materials for information on the above performance forecasts.

• Table of Contents of Appendix

1. Overview of Annual Results 2

   1. Overview of Consolidated Operating Results 2

   2. Overview of Consolidated Financial Status 3

   3. Outlook for Next Fiscal Year 4

   4. Basic Policy on Profit Distribution and Dividends for Current and Next Fiscal Years 4

2. Basic Approach to Selecting Accounting Standards 4

3. Consolidated Financial Statements and Significant Notes Thereto 5

   1. Consolidated Balance Sheet 5

   2. Consolidated Statement of Income and Statement of Comprehensive Income 7

   3. Consolidated Statement of Changes in Equity 9

   4. Consolidated Statement of Cash Flow 11

   5. Notes to Consolidated Financial Statements 13

      (Notes to Going Concern Assumptions) 13

      (Segment Information etc.) 13

      (Information Per Share) 17

      (Important Subsequent Matters) 17

4. Supplementary Information 18

   1. Consolidated Net Sales and Profit or Loss by Segment (YoY Comparison) 18

   2. Individual Financial Statements 19

(Individual Balance Sheet) 19

(Individual Income Statement) 20

(Individual Statement of Changes in Equity) 21

1. ‌Overview of Annual Results

   1. ‌Overview of Consolidated Operating Results

      In the current fiscal year under review, the Japanese economy was affected by rising prices; however, it continued to experience a moderate recovery, supported by improvements in employment and income conditions as well as the effects of economic measures and other factors.

      In the cement industry, domestic demand for cement was 30,532 thousand tons, down 6.5% from the previous fiscal year, as both public and private sector demand decreased due to a chronic labor shortage and the adoption of the five-day workweek in the construction industry. On the other hand, exports grew by 7.1% year on year. As a result, the total sales volume of domestic manufacturers, including exports, was down 3.8% from the previous fiscal year to 39,299 thousand tons.

      Under these circumstances, based on the "FY2023-25 Medium-Term Management Plan," which ends in the current fiscal year, our group has been working on various measures such as "improving profitability of existing businesses" to recover the profitability of the cement business and to improve profitability by acquiring market shares in next-generation optical communication parts; "building a foundation for growth" to expand scale and enhance profitability by investing resources in the electronic materials business for semiconductor manufacturing equipment, expand overseas business (the Australian business), and develop new business in the decarbonization field; and "strengthening management foundation" to develop strategies for human resources, research and development, intellectual property, and digital transformation (DX).

      As a result of the above, net sales for the current fiscal year under review totaled 223,686 million yen, up 1.9% from the previous fiscal year, due to increased sales in the cement business and advanced materials business.

      In terms of profits, ordinary profit totaled 14,405 million yen, up 5,038 million yen year on year, mainly due to higher profits in the cement business, among others. Despite the recording of impairment losses on non-current assets under extraordinary losses, profit attributable to owners of the parent was 11,214 million yen, a year-on-year increase of 2,205 million yen.

      An overview by business is as follows.

      1. Cement

         The domestic sales volume was lower than the previous fiscal year. However, mainly due to the domestic selling price being raised in response to a cost increase, net sales were 158,799 million yen, an increase of 2,359 million yen (1.5%) from the previous fiscal year, and operating profit was 5,495 million yen, an increase of 4,617 million yen (526.0%) year on year.

      2. Mineral Resources

         Due to price revisions, net sales were 17,505 million yen, an increase of 137 million yen (0.8 %) from the previous fiscal year. However, mainly due to increased mining costs, operating profit was 2,986 million yen, a decrease of 162 million yen (5.2 %) year on year.

      3. Cement-Related Products

         Net sales decreased by 571 million yen (2.4 %) year on year to 23,020 million yen, mainly due to lower sales volume of concrete structure repair and reinforcement materials as well as heavy metal pollution control materials. Operating profit was 1,480 million yen, a decrease of 358 million yen (19.5 %) year on year.

      4. Optoelectronics

         Net sales grew 222 million yen (8.9 %) year on year to 2,732 million yen, mainly due to an increase in the sales volume of optical measurement equipment. Although it was improved by 298 million yen from the previous fiscal year due to cost reductions in optical communication parts and other factors, operating loss of 56 million yen was recorded.

      5. Advanced Materials

         Net sales grew by 2,396 million yen (15.3 %) year on year to 18,074 million yen, mainly due to changes in the product mix of electronic materials for semiconductor manufacturing equipment. Operating profit grew by 214 million yen (9.5 %) year on year to 2,479 million yen.

      6. Other

      Net sales decreased by 323 million yen (8.3%) year on year to 3,553 million yen due to decreased software sales, and operating profit decreased by 223 million yen (13.8%) year on year to 1,393 million yen.

   2. ‌Overview of Consolidated Financial Status

      Total assets at the end of the current fiscal year were 361,980 million yen, up 8,950 million yen from the end of the previous fiscal year. This was mainly due to increases in property, plant and equipment and investment securities.

      Total liabilities at the end of the current fiscal year amounted to 164,031 million yen, up 4,662 million yen from the end of the previous fiscal year. This was mainly due to increases in bonds payable (including current portion of bonds payable ) and income taxes payable, despite a decrease in commercial papers.

      Net assets at the end of the current fiscal year totaled 197,948 million yen, up 4,288 million yen from the end of the previous fiscal year. This was mainly due to increases in retained earnings and valuation difference on available-for-sale securities.

      Cash and cash equivalents (hereinafter referred to as "funds") for the current fiscal year increased 34,539 million yen from operating activities, but decreased 28,566 million yen from investing activities and 5,954 million yen from financing activities, making for an increase of 77 million yen from the end of the previous fiscal year. As a result, the balance of funds at the end of the current fiscal year was 16,588 million yen (up 0.5% year on year).

      (Operating Cash Flow)

      Funds provided by operating activities were 34,539 million yen (38.8% increase in income compared with the previous fiscal year). This was mainly due to profit before income taxes of 16,041 million yen and depreciation of 23,591 million yen.

      (Investment Cash Flow)

      Funds used in investing activities were 28,566 million yen (30.9% increase in spending compared with the previous fiscal year). This was mainly due to an expenditure of 32,661 million yen for the acquisition of non-current assets, despite proceeds of 6,379 million yen from sales of investment securities.

      (Financial Cash Flow)

      Funds used in financing activities were 5,954 million yen (11.5% increase in spending compared to the previous fiscal year). This was mainly due to an expenditure of 31,000 million yen for redemption of commercial paper, despite income of 28,000 million yen from issuing commercial paper.

   3. ‌Outlook for Next Fiscal Year

      While the Japanese economy is expected to experience a moderate recovery, supported by improvements in employment and income conditions as well as the effects of economic measures, the outlook remains uncertain due to downside risks such as situations in the Middle East and the impact of the U.S. trade policies.

      In the cement industry, public-sector demand is expected to stay at the same level as the previous fiscal year, due to demands for recovery from the Noto Peninsula Earthquake and other factors. Meanwhile private-sector demand is forecasted to decline due to a labor shortage, higher construction costs, and other factors. As a whole, domestic demand for cement is expected to decline.

      The full-year earnings forecast for the fiscal year ending March 31, 2027 (FY2026) is for net sales of 234,500 million yen (up 4.8% year on year), ordinary profit of 14,500 million yen (up 0.7% year on year), and profit attributable to owners of the parent of 10,000 million yen (down 10.8 % year on year).

   4. ‌Basic Policy on Profit Distribution and Dividends for Current and Next Fiscal Years

      The Company recognizes profit distribution to shareholders as an important matter that is basically determined in accordance with earnings.

      In order to secure this profit in the future, as an organization in the cement manufacturing industry, which is an equipment industry, it is necessary to invest in constant equipment improvement and renewal, and we believe that it is essential to expand internal reserves for this purpose.

      Based on the above perspectives, we will determine stable and continuous dividends based on a comprehensive assessment of the business environment, future prospects, and distributions for the previous fiscal year.

      For the fiscal year ended March 31, 2026, we paid an interim dividend of 60.00 yen per share. We plan to propose a year-end dividend of 60.00 yen per share to the General Meeting of Shareholders.

      In addition, in the medium-term management plan starting in the fiscal year ending March 31, 2027 (fiscal 2026), we intend to maintain profitability of existing businesses, expand growth fields, and implement shareholder returns based on capital efficiency. During the 2026-28 medium-term management plan period, we will also continue to maintain an average total return ratio of 50% or more over these three years. We will set the minimum annual dividend per share at 120 yen.

      Dividends for the fiscal year ending March 31, 2027, as described in the summary information "2. Dividend Status," we expect an interim dividend of 60.00 yen per share and a year-end dividend of 60.00 yen per share.

2. ‌Basic Approach to Selecting Accounting Standards

   The Group's policy is to prepare consolidated financial statements under Japanese standards for the time being, taking into account the comparability of consolidated financial statements between periods and between companies. Regarding the application of the International Financial Reporting Standards (IFRS) we plan to respond appropriately in consideration of future domestic and international situations.

3. ‌Consolidated Financial Statements and Significant Notes Thereto

   1. ‌Consolidated Balance Sheet

      (Unit: Millions of yen)

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

      Assets

      Current assets

      Cash and deposits 16,554 16,633

Notes and accounts receivable - trade, and

contract assets

40,992 42,120

(Unit: Millions of yen) As of March 31, 2025 As of March 31, 2026

Liabilities

Current Liabilities

Notes and accounts payable - trade 28,266 27,590

Electronically recorded liabilities - operating 2,356 2,378

Short-term borrowings 18,822 17,809

Commercial papers 5,000 2,000

Current portion of long-term borrowings 8,648 9,672

Current portion of bonds payable - 5,000

Income taxes payable 1,685 4,062

Provision for bonuses 2,688 2,823

Other 16,275 15,013

Total current liabilities 83,742 86,350

Non-current liabilities

Bonds payable 25,000 25,000

Long-term borrowings 25,863 26,940

Deferred tax liabilities 9,558 10,383

Provision for retirement benefits for directors

(and other officers)

125

125

Retirement benefit liability 1,013 1,023

Provision for PCB waste disposal costs 1 -

Asset retirement obligations 263 269

Provision for share awards 127 163

Total non-current liabilities 75,626 77,680

Other 13,672 13,775

Net assets

Total liabilities 159,369 164,031

Share capital 41,654 41,654

Shareholders' equity

Retained earnings 119,737 122,541

Capital surplus 10,466 10,468

Total shareholders' equity 170,865 173,217

Treasury shares (992) (1,446)

Valuation difference on available-for-sale securities

18,394

19,560

Accumulated other comprehensive income

Remeasurements of defined benefit plans 1,385 2,124

Foreign currency translation adjustment 451 403

Non-controlling interests 2,562 2,642

Total other accumulated comprehensive income

20,231 22,088

Total net assets 193,660 197,948

Total liabilities and net assets 353,029 361,980

1. 1. ‌Consolidated Statement of Income and Statement of Comprehensive Income

      Consolidated Statement of Income

      Previous consolidated fiscal year

      (from April 1, 2024,

      to March 31, 2025)

      (Unit: Millions of yen)

      Current consolidated fiscal year

      (from April 1, 2025,

      to March 31, 2026)

      Net sales 219,465 223,686

      Cost of sales 169,388 167,034

      Gross profit 50,077 56,651

      Selling, general and administrative expenses 40,725 43,003

      Operating profit 9,351 13,648

      Non-operating income

      Interest income 138 129

      Dividend income 1,300 1,089

      Foreign exchange gains - 301

      Share of profit of entities accounted for using the

      Rental income 188 145

      equity method

      - 265

      Total non-operating income 2,273 2,914

      Other 645 983

      Interest expenses 1,029 1,279

      Non-operating expenses

      Share of loss of entities accounted for using the equity method

      0

      -

      Foreign exchange losses 516 -

      Total non-operating expenses 2,258 2,157

      Other 711 877

      Extraordinary income

      Ordinary profit 9,367 14,405

      Gain on sale of investment securities 4,361 5,465

      Gain on sale of non-current assets 75 458

      Extraordinary losses

      Total extraordinary income 4,436 5,924

      Loss on sale of non-current assets 2 1

      Loss on retirement of non-current assets 1,013 777

      Other - 265

      Impairment losses 14 3,243

      Profit before income taxes 12,773 16,041

      Total extraordinary losses 1,030 4,288

      Income taxes - deferred 1,022 (83)

      Income taxes - current 2,542 4,745

      Profit 9,208 11,378

      Total income taxes 3,564 4,662

      Profit attributable to non-controlling interests 200 164

      Profit attributable to owners of the parent 9,008 11,214

      Consolidated Statement of Comprehensive Income

      Previous consolidated fiscal year

      (from April 1, 2024,

      to March 31, 2025)

      (Unit: Millions of yen)

      Current consolidated fiscal year

      (from April 1, 2025,

      to March 31, 2026)

      Profit 9,208 11,378

      Other comprehensive income

      Valuation difference on available-for-sale

      securities

      (3,309)

      1,162

      Foreign currency translation adjustment 92 (119)

      Remeasurements of defined benefit plans (64) 739

      Share of other comprehensive income of entities

      16 75

      accounted for using the equity method

      Total other comprehensive income (3,266) 1,858

      Comprehensive income 5,942 13,237

      Comprehensive income attributable to:

      Owners of the parent 5,741 13,071

      Non-controlling interests 200 165

   2. ‌Consolidated Statement of Changes in Equity

      Previous Consolidated Fiscal Year (From April 1, 2024, to March 31, 2025)

      (Unit: Millions of yen)

      	Shareholders' equity
      	Share capital	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
      Balance at beginning of period	41,654	10,488	119,016	(311)	170,847
      Changes during the period
      Dividend of surplus			(4,037)		(4,037)
      Profit attributable to owners of the parent			9,008		9,008
      Acquisition of treasury shares				(5,176)	(5,176)
      Disposal of treasury shares		0		224	224
      Cancellation of treasury shares		(4,271)		4,271	(0)
      Transfer from retained earnings to capital surplus		4,249	(4,249)		-
      Net changes during the period to items other than shareholders' equity
      Total changes during the period	-	(21)	721	(680)	18
      Balance at end of period	41,654	10,466	119,737	(992)	170,865

      	Accumulated other comprehensive income				Non-controlling interests	Total net assets
      	Valuation difference on available-for-sale securities	Foreign currency translation adjustment	Remeasurements of defined benefit plans	Total other accumulated comprehensive income
      Balance at beginning of period	21,702	345	1,450	23,498	2,430	196,775
      Changes during the period
      Dividend of surplus						(4,037)
      Profit attributable to owners of the parent						9,008
      Acquisition of treasury shares						(5,176)
      Disposal of treasury shares						224
      Cancellation of treasury shares						(0)
      Transfer from retained earnings to capital surplus						-
      Net changes during the period to items other than shareholders' equity	(3,307)	106	(64)	(3,266)	132	(3,133)
      Total changes during the period	(3,307)	106	(64)	(3,266)	132	(3,114)
      Balance at end of period	18,394	451	1,385	20,231	2,562	193,660

      Current Consolidated Fiscal Year (From April 1, 2025, to March 31, 2026)

      (Unit: Millions of yen)

      	Shareholders' equity
      	Share capital	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
      Balance at beginning of period	41,654	10,466	119,737	(992)	170,865
      Changes during the period
      Dividend of surplus			(3,889)		(3,889)
      Profit attributable to owners of the parent			11,214		11,214
      Acquisition of treasury shares				(5,018)	(5,018)
      Disposal of treasury shares				43	43
      Cancellation of treasury shares		(4,521)		4,521	-
      Changes in parent company's equity in transactions with non-controlling shareholders		1			1
      Transfer from retained earnings to capital surplus		4,521	(4,521)		-
      Net changes during the period to items other than shareholders' equity
      Total changes during the period	-	1	2,803	(453)	2,351
      Balance at end of period	41,654	10,468	122,541	(1,446)	173,217

      	Accumulated other comprehensive income				Non-controlling interests	Total net assets
      	Valuation difference on available-for-sale securities	Foreign currency translation adjustment	Remeasurements of defined benefit plans	Total other accumulated comprehensive income
      Balance at beginning of period	18,394	451	1,385	20,231	2,562	193,660
      Changes during the period
      Dividend of surplus						(3,889)
      Profit attributable to owners of the parent						11,214
      Acquisition of treasury shares						(5,018)
      Disposal of treasury shares						43
      Cancellation of treasury shares						-
      Changes in parent company's equity in transactions with non-controlling shareholders						1
      Transfer from retained earnings to capital surplus						-
      Net changes during the period to items other than shareholders' equity	1,165	(48)	739	1,857	79	1,936
      Total changes during the period	1,165	(48)	739	1,857	79	4,288
      Balance at end of period	19,560	403	2,124	22,088	2,642	197,948

      ‌(4) Consolidated Statement of Cash Flow
      		(Unit: Millions of yen)
      	Previous consolidated	Current consolidated
      	fiscal year	fiscal year
      	(from April 1, 2024,	(from April 1, 2025
      	to March 31, 2025)	to March 31, 2026)
      Cash flow from operating activities
      Profit before income taxes	12,773	16,041
      Depreciation	22,573	23,591
      Impairment loss	14	3,243
      Amortization of goodwill	31	31
      Increase (decrease) in retirement benefit liability	(341)	(546)
      Increase (decrease) in provision for retirement 2 (0) benefits for directors (and other officers)
      Increase (decrease) in allowance for doubtful accounts	(35)	68
      Interest and dividend income	(1,438)	(1,218)
      Interest expense	1,029	1,279
      Foreign exchange losses (gains)	51	(385)
      Share of loss (profit) of entities accounted for using equity method	0	(265)
      Gain on sale of non-current assets	(75)	(458)
      Loss on sale of non-current assets	2	1
      Loss on retirement of non-current assets	186	230
      Loss (gain) on sale of investment securities	(4,361)	(5,465)
      Decrease (increase) in trade receivables	3,941	(1,928)
      Decrease (increase) in inventories	788	1,595
      Increase (decrease) in trade payables	(3,011)	(655)
      Other	(3,739)	1,557
      Subtotal	28,393	36,716
      Interest and dividends received	1,445	1,212
      Interest paid	(993)	(1,227)
      Income taxes paid	(3,960)	(2,162)
      Net cash provided by (used in) operating 24,885 34,539 activities
      Cash flow from investing activities
      Purchase of non-current assets	(27,645)	(32,661)
      Proceeds from sale of non-current assets	111	615
      Purchase of investment securities	(5)	(3,123)
      Proceeds from sale of investment securities	5,849	6,379
      Loan advances	(681)	(740)
      Proceeds from collection of loans receivable	582	980
      Other	(27)	(17)
      Net cash provided by (used in) investing activities	(21,816)	(28,566)

      (Unit: Millions of yen)

      	Previous consolidated fiscal year	Current consolidated fiscal year
      	(from April 1, 2024,	(from April 1, 2025,
      	to March 31, 2025)	to March 31, 2026)
      Cash flow from financing activities
      Net increase (decrease) in short-term borrowings	(6,450)	(1,012)
      Proceeds from long-term borrowings	8,580	11,050
      Repayments of long-term borrowings	(8,323)	(8,949)
      Proceeds from issuance of bonds	5,000	5,000
      Proceeds from issuance of commercial papers	5,000	28,000
      Redemption of commercial papers	-	(31,000)
      Proceeds from sale of treasury shares	224	43
      Purchase of treasury shares	(5,176)	(5,018)
      Dividends paid	(4,037)	(3,889)
      Dividends paid to non-controlling interests	(67)	(83)
      Other	(90)	(95)
      Net cash provided by (used in) financing (5,341) (5,954) activities
      Effect of exchange rate change on cash and cash equivalents	121	59
      Net increase (decrease) in cash and cash equivalents	(2,150)	77
      Cash and cash equivalents at beginning of period	18,662	16,511
      Cash and cash equivalents at end of period	16,511	16,588

      1. ‌Notes to Consolidated Financial Statements

         ‌(Notes to Going Concern Assumptions) Not applicable.

         ‌(Segment Information etc.)

         1. Segment Information

            1. Overview of Reportable Segments

               The Company's reportable segments are the Company's constituent units for which separate financial information is available and are subject to regular review by the Board of Directors in order to make decisions on the allocation of management resources and to evaluate performance.

               The Company consists of segments by product and service based on the cement segment and business divisions. We have six reportable segments: "Cement," "Mineral Resources," "Cement-Related Products," "Optoelectronics," "Advanced Materials," and "Other."

               The major products in each segment are as follows.

               Reportable segments	Major products
               Cement	Various cements, cement-based solidifying agents, ready-mixed concrete, electric power supply, raw material and fuel recycling, engineering
               Mineral Resources	Limestone, dolomite, calcium carbonate, aggregate, silica fine powder
               Cement-Related Products	Concrete structure repair/reinforcement (materials and construction), various admixtures, heavy metal pollution control materials, fish reefs and seaweed reefs, cathodic protection methods, various ground improvement constructions, PC (products and construction), various Hume pipes
               Optoelectronics	Optical communication parts, optical measurement equipment, optoelectronic devices
               Advanced Materials	Various ceramics, various nanoparticle materials, antibacterial agents, cosmetic materials, various functional paints
               Other	Real estate rental, software development

            2. Information About Amounts of Sales, Income or Loss, Assets, Liabilities and Other Items by Reportable Segment Previous Consolidated Fiscal Year (From April 1, 2024, to March 31, 2025) (Unit: Millions of yen)

               	Reportable segments							Note 1	Note 2
               	Cement	Mineral Resources	Cement-Related Products	Optoelectronics	Advanced Materials	Other	Total	Adjustment amount	Consolidated
               Net sales and operating profit
               Net sales
               (1) Net sales to external customers	156,440	17,367	23,591	2,510	15,678	3,876	219,465	-	219,465
               (2) Intersegment sales and transfer	3,724	2,960	2,515	2	-	4,900	14,102	(14,102)	-
               Total	160,164	20,328	26,107	2,512	15,678	8,777	233,568	(14,102)	219,465
               Segment income/loss	877	3,148	1,839	(355)	2,264	1,617	9,391	(39)	9,351
               Segment assets	258,866	42,406	19,631	1,825	20,107	20,507	363,345	(10,315)	353,029
               Other items
               Depreciation	17,520	2,530	516	97	1,403	473	22,542	31	22,573
               Amortization of goodwill	-	-	31	-	-	-	31	-	31
               Increase in tangible and intangible assets	21,209	5,124	389	103	3,913	85	30,825	-	30,825

               (Notes) 1. The adjustment amount is as follows:

               1. Segment income/loss adjustment of minus 39 million yen is intersegment transaction elimination.

               2. Adjustment of segment assets of minus 10,315 million yen is 20,593 million yen in company-wide assets that are not allocated to the business segment, and minus 30,909 million yen in intersegment transaction eliminations. Company-wide assets are mainly long-term investment funds (investment securities) of the Company and assets related to administrative departments.

               3. The depreciation adjustment amount of 31 million yen is depreciation of company-wide assets of 40 million yen and intersegment elimination of minus 8 million yen.

                  1. Segment income/loss is under adjustment with operating profit of the consolidated statement of income.

                     Current Consolidated Fiscal Year (From April 1, 2025 to March 31, 2026) (Unit: Millions of yen)

                     	Reportable segments							Note 1	Note 2
                     	Cement	Mineral Resources	Cement-Related Products	Optoelectronics	Advanced Materials	Other	Total	Adjustment amount	Consolidated
                     Net sales and operating profit
                     Net sales
                     (1) Net sales to external customers	158,799	17,505	23,020	2,732	18,074	3,553	223,686	-	223,686
                     (2) Intersegment sales and transfer	4,318	3,482	2,138	-	-	5,016	14,955	(14,955)	-
                     Total	163,117	20,988	25,158	2,732	18,074	8,570	238,642	(14,955)	223,686
                     Segment income/loss	5,495	2,986	1,480	(56)	2,479	1,393	13,778	(130)	13,648
                     Segment assets	258,809	47,327	20,356	1,400	27,835	19,966	375,695	(13,715)	361,980
                     Other items
                     Depreciation	18,529	2,856	451	89	1,205	427	23,559	31	23,591
                     Amortization of goodwill	-	-	31	-	-	-	31	-	31
                     Increase in tangible and intangible assets	16,158	5,395	397	234	8,787	571	31,544	-	31,544

                     (Notes) 1. The adjustment amount is as follows:

                     1. Segment income/loss adjustment of minus 130 million yen is intersegment transaction elimination.

                     2. Adjustment of segment assets of minus 13,715 million yen is 20,149 million yen in company-wide assets that are not allocated to the business segment, and minus 33,865 million yen in intersegment transaction elimination. Company-wide assets are mainly long-term investment funds (investment securities) of the Company and assets related to administrative departments.

                     3. The depreciation adjustment amount of 31 million yen is depreciation of company-wide assets of 37 million yen and intersegment eliminations of minus 6 million yen.

                  2. Segment income/loss is under adjustment with operating profit of the consolidated statement of income.

         2. Related Information

            Previous consolidated fiscal year (from April 1, 2024, to March 31, 2025)

            1. Information by product or service

               A description is omitted because the segment information has the same information.

            2. Information by Region

            Net sales and property, plant and equipment

            Net sales and property, plant and equipment in Japan account for more than 90% of total sales on the consolidated statement of income and property, plant and equipment on the consolidated balance sheet. Therefore, a description of information by region is omitted.

            Current consolidated fiscal year (From April 1, 2025, to March 31, 2026)

            1. Information by product or service

               A description is omitted because the segment information has the same information.

            2. Information by Region

            Net sales and property, plant and equipment

            Net sales and property, plant and equipment in Japan account for more than 90% of total sales on the consolidated statement of income and property, plant and equipment on the consolidated balance sheet. Therefore, a description of information by region is omitted.

         3. Information on Impairment Losses on Non-current Assets by Reportable Segment

            Previous Consolidated Fiscal Year (From April 1, 2024, to March 31, 2025) (Unit: millions of yen)

            	Reportable segments							Adjustment amount	Consolidated
            	Cement	Mineral Resources	Cement-Related Products	Optoelectronics	Advanced Materials	Other	Total
            Impairment loss	0	8	-	-	-	-	9	5	14

            Current Consolidated Fiscal Year (From April 1, 2025, to March 31, 2026) (Unit: millions of yen)

            	Reportable segments							Adjustment amount	Consolidated
            	Cement	Mineral Resources	Cement-Related Products	Optoelectronics	Advanced Materials	Other	Total
            Impairment loss	3,118	-	-	-	104	20	3,243	-	3,243

         4. Information on Goodwill Amortization and Unamortized Balance by Reportable Segment

      Previous Consolidated Fiscal Year (From April 1, 2024, to March 31, 2025) (Unit: millions of yen)

      	Reportable segments							Adjustment amount	Consolidated
      	Cement	Mineral Resources	Cement- Related Products	Optoelectronics	Advanced Materials	Other	Total
      Amortization amount	-	-	31	-	-	-	31	-	31
      Balance at end of period	-	-	31	-	-	-	31	-	31

      Current Consolidated Fiscal Year (From April 1, 2025, to March 31, 2026) (Unit: millions of yen)

      	Reportable segments							Adjustment amount	Consolidated
      	Cement	Mineral Resources	Cement-Related Products	Optoelectronics	Advanced Materials	Other	Total
      Amortization amount	-	-	31	-	-	-	31	-	31
      Balance at end of period	-	-	-	-	-	-	-	-	-

      ‌(Information Per Share)

      Item	Previous consolidated fiscal year From April 1, 2024, to March 31, 2025	Current consolidated fiscal year From April 1, 2025, to March 31, 2026
      Net assets per share (yen)	5,793.86	6,162.78
      Basic earnings per share (yen)	270.37	349.58

      (Notes) 1. Diluted earnings per share are not stated as there are no dilutive shares.

      2. The basis for calculating basic earnings per share is as follows.

      	Previous consolidated fiscal year From April 1, 2024, to March 31, 2025	Current consolidated fiscal year From April 1, 2025, to March 31, 2026
      Profit attributable to owners of the parent (millions of yen)	9,008	11,214
      Amount not attributable to common shareholders (millions of yen)	-	-
      Profit attributable to parent company for common shareholders (millions of yen)	9,008	11,214
      Average number of shares during the period (shares)	33,317,888	32,078,913

      ‌(Significant Subsequent Matters) Not applicable.

2. ‌Supplementary Information

   1. ‌Consolidated Net Sales and Profit or Loss by Segment (YoY Comparison)

      (Unit: millions of yen)

      		Previous consolidated fiscal year	Current consolidated fiscal year	Year-on-year basis	Year-on-year rate of change (%)
      	Cement	156,440	158,799	2,359	1.5
      	Mineral Resources	17,367	17,505	137	0.8
      	Cement-Related Products	23,591	23,020	(571)	(2.4)
      	Optoelectronics	2,510	2,732	222	8.9
      	Advanced Materials	15,678	18,074	2,396	15.3
      	Other	3,876	3,553	(323)	(8.3)
      Net sales for external customers		219,465	223,686	4,221	1.9
      	Cement	877	5,495	4,617	526.0
      	Mineral Resources	3,148	2,986	(162)	(5.2)
      	Cement-Related Products	1,839	1,480	(358)	(19.5)
      	Optoelectronics	(355)	(56)	298	-
      	Advanced Materials	2,264	2,479	214	9.5
      	Other	1,617	1,393	(223)	(13.8)
      	Adjustment amount	(39)	(130)	(90)	-
      Operating profit		9,351	13,648	4,296	45.9
      	Non-operating income	2,273	2,914	641	28.2
      	Non-operating expenses	2,258	2,157	(100)	(4.4)
      Non-operating income (expenses), net		15	756	741	-
      Ordinary profit		9,367	14,405	5,038	53.8
      	Extraordinary income	4,436	5,924	1,487	33.5
      	Extraordinary losses	1,030	4,288	3,258	316.1
      Extraordinary income (losses), net		3,405	1,635	(1,770)	(52.0)
      Profit attributable to owners of the parent		9,008	11,214	2,205	24.5

   2. ‌Individual Financial Statements (Individual Balance Sheet)‌

(Unit: millions of yen)

‌(Individual Income Statement)

(Unit: millions of yen)

‌(Individual Statement of Changes in Equity)

(From April 1, 2025, to March 31, 2026) (Unit: millions of yen)