REG - Maruwa Co Ld - Final Results
08/05/2026 08:00
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RNS Number : 5851D Maruwa Co Ld 08 May 2026
DISCLAIMER:
This document has been translated from a part of 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.
May 8, 2026
Consolidated Financial Results
for the Fiscal Year Ended March 31, 2026
(Under Japanese GAAP)
Company name: MARUWA CO., LTD.
Listing: Tokyo Stock
Exchange / Nagoya Stock Exchange
Securities code: 5344
URL:
https://www.maruwa-g.com/
Representative: Toshiro Kambe, Representative
Director and President
Inquiries: Daisuke Yamaguchi,
Director and Head of Administration Division
Telephone: +81-561-51-0841
Scheduled date of annual general meeting of
shareholders: June 19,
2026
Scheduled date to commence dividend
payments:
June 22, 2026
Scheduled date to file annual securities
report:
June 12, 2026
Preparation of supplementary material on financial
results: Yes
Holding of financial results
briefing:
Yes (for institutional investors and analysts)
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
(Percentages indicate year-on-year changes.)
Net sales Operating profit Ordinary profit Profit attributable to owners of parent
Fiscal year ended Millions of yen % Millions of yen % Millions of yen % Millions of yen %
March 31, 2026 74,476 3.7 24,976 (7.2) 26,321 (2.6) 18,163 (5.6)
March 31, 2025 71,849 16.7 26,914 35.9 27,033 28.0 19,242 26.5
Note: Comprehensive income For the fiscal year ended March 31,
2026: \20,550
million 4.4%
For the fiscal year ended March 31,
2025: \19,677
million 23.0%
Basic earnings per share Diluted earnings per share Return on equity Ratio of ordinary profit to total assets Ratio of operating profit to net sales
Fiscal year ended Yen Yen % % %
March 31, 2026 1,472.03 - 13.2 17.3 33.5
March 31, 2025 1,559.45 - 16.2 20.4 37.5
(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 162,691 147,262 90.5 11,933.87
March 31, 2025 142,285 127,854 89.9 10,361.04
Reference: Equity
As of March 31, 2026:
\147,262 million
As of March 31, 2025:
\127,854 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 Millions of yen Millions of yen Millions of yen Millions of yen
March 31, 2026 16,933 (21,757) (1,216) 66,986
March 31, 2025 25,351 (7,682) (1,512) 71,568
2. Cash dividends
Annual dividends per share Total cash dividends (Total) Payout ratio (Consolidated) Ratio of dividends to net assets (Consolidated)
First quarter-end Second quarter-end Third quarter-end Fiscal Total
year-end
Yen Yen Yen Yen Yen Millions of yen % %
Fiscal year ended - 47.00 - 47.00 94.00 1,159 6.0 1.0
March 31, 2025
Fiscal year ended - 51.00 - 51.00 102.00 1,258 6.9 0.9
March 31, 2026
Fiscal year ending 55.00 55.00 110.00 -
March 31, 2027
(Forecast)
3. Forecast of consolidated financial results for the fiscal year ending March
31, 2027 (from April 1, 2026 to March 31, 2027)
(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 % Yen % Yen % Yen
Six months ending 39,400 19.0 13,500 24.5 - - - - -
September 30, 2026
Fiscal year ending 84,100 12.9 29,700 18.9 - - - - -
March 31, 2027
Note: We do not disclose specific forecasts for profits below ordinary income
because they are expected to fluctuate mainly due to foreign exchange factors
and are difficult to forecast at this time.
* Notes
(1) Significant changes in the scope of consolidation during the period:
None
(2) Changes in accounting policies, changes in accounting estimates, and
restatement
(i) Changes in accounting policies due to revisions to accounting
standards and other regulations: None
(ii) Changes in accounting policies due to other reasons: None
(iii) Changes in accounting estimates: None
(iv) Restatement: None
(3) Number of issued shares (common shares)
(i) Total number of issued shares at the end of the period
(including treasury shares)
As of March 31, 2026 12,372,000 shares
As of March 31, 2025 12,372,000 shares
(ii) Number of treasury shares at the end of the period
As of March 31, 2026 32,114 shares
As of March 31, 2025 32,112 shares
(iii) Average number of shares outstanding during the period
Fiscal year ended March 31, 2026 12,338,999 shares
Fiscal year ended March 31, 2025 12,339,106 shares
Reference Overview of non-consolidated financial results
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 Millions of yen % Millions of yen % Millions of yen % Millions of yen %
March 31, 2026 56,138 3.4 20,901 (6.6) 24,956 8.8 18,192 10.0
March 31, 2025 54,290 18.2 22,371 36.7 22,935 17.8 16,544 13.1
Basic earnings per share Diluted earnings per share
Fiscal year ended Yen Yen
March 31, 2026 1,474.40 -
March 31, 2025 1,340.85 -
(2) Non-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 139,821 127,441 91.1 10,327.58
March 31, 2025 122,238 110,376 90.3 8,944.73
Reference: Equity
As of March 31, 2026:
\127,441 million
As of March 31, 2025:
\110,376 million
* Financial results reports are exempt from audit conducted by certified
public accountants or an audit firm.
* Proper use of earnings forecasts, and other special matters
(Cautions on forward-looking statements, etc.)
The forward-looking statements, including forecasts of financial results,
contained in these materials are based on information available to the Company
and on certain assumptions deemed to be reasonable. Actual financial results
may differ from the results anticipated in the statements due to various
factors.
Overview of Operating Results, etc.
(1) Business Results
During the fiscal year ended March 31, 2026, concerns over geopolitical
risks persisted due to developments in the Middle East and Ukraine, as well as
heightened attention to monetary policies in various countries and tariff
policies involving the United States and other countries. In the high-tech
market, rapid technological advancements and active investments were observed
across a wide range of fields related to generative AI.
In our business, working within this business environment, market conditions
in the automotive-related business softened, and in the semiconductor-related
business, the recovery in general-purpose memory that had been expected in the
second half was shifted. Meanwhile, demand related to next-generation
high-speed communications remained at a high level throughout the fiscal year,
and from the fourth quarter, a significant increase in production commenced
due to the full-scale launch of a successor model.
As a result, consolidated net sales for the fiscal year ended March 31, 2026
increased 3.7% from the previous fiscal year to 74,476 million yen. Operating
profit decreased by 7.2% from the previous fiscal year to 24,976 million yen,
ordinary profit was decreased by 2.6% from the previous fiscal year to 26,321
million yen, and profit attributable to owners of parent decreased by 5.6%
from the previous fiscal year to 18,163 million yen.
In addition, at the end of the fiscal year, there had been a delay in the
recovery of general-purpose memory and a temporary decline in yield during the
ramp-up of certain new products, and both issues have now been resolved.
In the fourth quarter, a significant increase in production commenced due to
the launch of a next-generation high-speed communication-related successor
model, resulting in record-high quarterly sales and profits.
Looking ahead, while the global economic environment is expected to remain
uncertain due to geopolitical risks such as the situation in the Middle East,
we will continue to steadily focus on strengthening our business foundation
toward the achievement of our medium-term plan targeting net sales of 100
billion yen in the fiscal year ending March 31, 2029.
Sales and profits by segment are as follows.
(Ceramic Components Business)
In the automotive-related business, market conditions softened, and in the
semiconductor-related business, the recovery in general-purpose memory that
had been expected in the second half was delayed. Meanwhile, demand related to
next-generation high-speed communications remained at a high level throughout
the fiscal year, and from the fourth quarter, a significant increase in
production commenced due to the full-scale launch of a successor model.
As a result, consolidated net sales for the fiscal year ended March 31, 2026
increased 2.1% from the previous fiscal year to 63,797 million yen, and
segment profit decreased by 9.3% from the previous fiscal year to 24,573
million yen.
(Lighting Equipment Business)
This segment performed strongly, supported by increasing demand for LED
lighting driven by the government's target of fully transitioning from
fluorescent lighting to LED lighting by 2030, as well as growing demand for
office renovation projects. Sales of high value-added lighting for offices and
LED lighting installation projects for public facilities remained strong. In
addition, high-end lighting for the luxury new condominium market also
performed robustly.
As a result, consolidated net sales for the first nine months of the fiscal
year ending March 31, 2026 increased 14.1% from the same period of last year
to 10,679 million yen, and segment profit increased 49.0% from the previous
fiscal year to 2,141 million yen.
(2) Financial Conditions
(Assets)
Current assets at the fiscal year ended March 31, 2026, totaled 103,175
million yen, an increase of 2,885 million yen from the end of the previous
fiscal year. This was mainly due to an increase in raw materials and supplies.
Fixed assets totaled 59,515 million yen, up 17,520 million yen from the end of
the previous fiscal year. This was due to an increase in construction in
progress.
As a result, total assets amounted to 162,691 million yen, up 20,405 million
yen from the end of the previous fiscal year.
(Liabilities)
Current liabilities at the end of the fiscal year ending March 31, 2026,
amounted to 14,856 million yen, up 923 million yen from the end of the
previous fiscal year. This was mainly due to an increase in accounts payable.
Fixed liabilities came to 571 million yen, up 73 million yen from the end of
the previous fiscal year. This was mainly due to an increase in deferred tax
liabilities.
As a result, total liabilities amounted to 15,428 million yen, up 997 million
yen from the end of the previous fiscal year.
(Net Assets)
Total net assets were 147, 262 million yen at the fiscal year ended March 31,
2026, up 19,408 million yen from the end of the previous fiscal year. This was
due to profit attributable to owners of parent company of 18,163 million yen.
As a result, the equity ratio was 90.5% (89.9% at the end of the previous
fiscal year).
(3) Overview of Cash Flows
Cash and cash equivalents at the end of the current consolidated fiscal year
decreased by 4,581 million yen from the end of the previous fiscal year,
totaling 66,986 million yen.
The cash flow status for the fiscal year is as follows.
Net cash provided by operating activities amounted to 16,933 million yen, a
decrease of 8,418 million yen from the previous fiscal year.
Net cash used in investing activities amounted to 21,757 million yen, an
increase of 14,074 million yen from the previous fiscal year.
Net cash used in financing activities amounted to 1,216 million yen, a
decrease of 296 million yen from the previous fiscal year.
(4) Future Outlook
In the outlook for the fiscal year ending March 31, 2027, the global economic
environment is expected to remain uncertain due to geopolitical risks such as
the situation in the Middle East, and therefore we have set our guidance
conservatively, taking these risks into account.
Current outlook by segment is as follows.
In the tele communication-related business, demand for a successor model
related to next-generation high-speed communications is expected to grow
further. To respond to the significant increase in demand, we will strengthen
our production capacity through the commencement of operations at a new
building at the Seto Plant.
In the automotive-related business, amid moderating growth in the new energy
vehicle market, we aim to achieve growth by further expanding our market share
through differentiated products. At the same time, to further enhance
profitability, we will strengthen our earnings by introducing AI and robotics.
In the semiconductor-related business, demand for general-purpose memory is
expected to expand in earnest from the second half of the fiscal year. To meet
robust demand, we will enhance our production capacity through the start of
operations at two new buildings at the Miharu Plant.
In the industrial equipment-related business, demand related to power modules
is expected to remain firm, while demand for new products in the medical field
is expected to increase.
In the lighting equipment-related business is expected to perform strongly,
supported by increasing LED demand driven by the government's target of fully
transitioning from fluorescent lighting to LED lighting by 2030. Both public
and high-end lighting are expected to show solid performance.
As we expect to continue achieving record-high performance, the dividend for
the fiscal year ending March 31, 2027, is scheduled to be increased by 8 yen,
the same as in the previous fiscal year, resulting in a planned dividend of
110 yen per share.
The foreign exchange rate is based on the assumption of 153 yen to the U.S.
dollar.
Consolidated Earnings Forecast for the Second Quarter (Cumulative) of the
Fiscal Year Ending March 2027 (Unit: Million
Yen)
Results Forecast Year on year (%)
(FY2025) (FY2026)
Net Sales 33,115 39,400 19.0
Operating Profit 10,843 13,500 24.5
Consolidated Earnings Forecast for the Full Fiscal Year Ending March
2027 (Unit: Million Yen)
Results Forecast Year on year (%)
(FY2025) (FY2026)
Net Sales 74,476 84,100 12.9
Operating Profit 24,976 29,700 18.9
The above earnings forecasts are based on information available as of the date
of this announcement. If revisions become necessary due to various factors in
the future, such changes will be disclosed promptly.
Consolidated balance sheet
(Millions of yen)
As of March 31, 2025 As of March 31, 2026
Assets
Current assets
Cash and deposits 71,793 67,185
Notes receivable - trade 139 47
Accounts receivable - trade 12,420 13,624
Electronically recorded monetary claims - operating 1,319 1,505
Merchandise and finished goods 2,645 2,309
Work in process 3,803 5,354
Raw materials and supplies 5,398 8,631
Other 2,832 4,525
Allowance for doubtful accounts (62) (8)
Total current assets 100,290 103,175
Non-current assets
Property, plant and equipment
Buildings and structures, net 14,996 19,634
Machinery, equipment and vehicles, net 13,039 14,722
Land 5,047 5,750
Construction in progress 5,474 16,351
Other, net 798 819
Total property, plant and equipment 39,356 57,277
Intangible assets
Other 444 438
Total intangible assets 444 438
Investments and other assets
Investment securities 482 110
Deferred tax assets 639 621
Investment property, net 920 907
Other 152 160
Allowance for doubtful accounts (0) (0)
Total investments and other assets 2,194 1,799
Total non-current assets 41,995 59,515
Total assets 142,285 162,691
(Millions of yen)
As of March 31, 2025 As of March 31, 2026
Liabilities
Current liabilities
Notes and accounts payable - trade 2,965 4,254
Electronically recorded obligations - operating 840 697
Income taxes payable 4,929 3,942
Provision for bonuses 1,191 1,170
Provision for bonuses for directors (and other officers) 149 133
Other 3,856 4,659
Total current liabilities 13,933 14,856
Non-current liabilities
Deferred tax liabilities 131 213
Other 366 358
Total non-current liabilities 498 571
Total liabilities 14,431 15,428
Net assets
Shareholders' equity
Share capital 8,646 8,646
Capital surplus 12,103 12,170
Retained earnings 105,705 122,660
Treasury shares (198) (198)
Total shareholders' equity 126,257 143,279
Accumulated other comprehensive income
Valuation difference on available-for-sale securities 39 53
Foreign currency translation adjustment 1,556 3,930
Total accumulated other comprehensive income 1,596 3,983
Total net assets 127,854 147,262
Total liabilities and net assets 142,285 162,691
Consolidated statement of income
(Millions of yen)
Fiscal year ended Fiscal year ended
March 31, 2025
March 31, 2026
Net sales 71,849 74,476
Cost of sales 32,377 35,318
Gross profit 39,472 39,158
Selling, general and administrative expenses 12,558 14,182
Operating profit 26,914 24,976
Non-operating income
Interest income 331 616
Rental income 126 112
Foreign exchange gains - 561
Other 110 178
Total non-operating income 567 1,468
Non-operating expenses
Interest expenses 0 0
Foreign exchange losses 382 -
Rent expenses on real estate for investments 53 57
Loss on extinguishment of share-based payment expenses 1 41
Other 10 23
Total non-operating expenses 448 122
Ordinary profit 27,033 26,321
Extraordinary income
Gain on sale of non-current assets 0 1
Gain on sale of investment securities - 147
Subsidy income 2,592 42
Total extraordinary income 2,592 191
Extraordinary losses
Loss on sale and retirement of non-current assets 105 37
Loss on tax purpose reduction entry of non-current assets 2,360 42
Other - 14
Total extraordinary losses 2,466 93
Profit before income taxes 27,159 26,418
Income taxes - current 8,069 8,220
Income taxes - deferred (152) 34
Total income taxes 7,917 8,255
Profit 19,242 18,163
Profit attributable to owners of parent 19,242 18,163
Consolidated statement of comprehensive income
(Millions of yen)
Fiscal year ended Fiscal year ended
March 31, 2025
March 31, 2026
Profit 19,242 18,163
Other comprehensive income
Valuation difference on available-for-sale securities (131) 13
Foreign currency translation adjustment 567 2,373
Total other comprehensive income 435 2,386
Comprehensive income 19,677 20,550
Comprehensive income attributable to
Comprehensive income attributable to owners of parent 19,677 20,550
Consolidated statement of changes in equity
Fiscal year ended March 31, 2025
(Millions of yen)
Shareholders' equity Accumulated other comprehensive income Total net assets
Share capital Capital surplus Retained earnings Treasury shares Total shareholders' equity Valuation difference on available-for-sale securities Foreign currency translation adjustment Total accumulated other comprehensive income
Balance at beginning of period 8,646 12,031 87,573 (210) 108,042 171 989 1,161 109,203
Changes during period
Dividends of surplus (1,110) (1,110) (1,110)
Profit attributable to owners of parent 19,242 19,242 19,242
Purchase of treasury shares (1) (1) (1)
Disposal of treasury shares 72 13 85 85
Net changes in items other than shareholders' equity (131) 567 435 435
Total changes during period - 72 18,131 11 18,215 (131) 567 435 18,650
Balance at end of period 8,646 12,103 105,705 (198) 126,257 39 1,556 1,596 127,854
Consolidated statement of changes in equity
Fiscal year ended March 31, 2026
(Millions of yen)
Shareholders' equity Accumulated other comprehensive income Total net assets
Share capital Capital surplus Retained earnings Treasury shares Total shareholders' equity Valuation difference on available-for-sale securities Foreign currency translation adjustment Total accumulated other comprehensive income
Balance at beginning of period 8,646 12,103 105,705 (198) 126,257 39 1,556 1,596 127,854
Changes during period
Dividends of surplus (1,209) (1,209) (1,209)
Profit attributable to owners of parent 18,163 18,163 18,163
Purchase of treasury shares (6) (6) (6)
Disposal of treasury shares 66 7 74 74
Net changes in items other than shareholders' equity 13 2,373 2,386 2,386
Total changes during period - 66 16,954 0 17,021 13 2,373 2,386 19,408
Balance at end of period 8,646 12,170 122,660 (198) 143,279 53 3,930 3,983 147,262
Consolidated statement of cash flows
(Millions of yen)
Fiscal year ended Fiscal year ended
March 31, 2025
March 31, 2026
Cash flows from operating activities
Profit before income taxes 27,159 26,418
Depreciation 4,690 5,334
Increase (decrease) in allowance for doubtful accounts (71) (76)
Loss (gain) on sale of investment securities - (147)
Loss (gain) on sale and retirement of non-current assets 105 35
Loss on tax purpose reduction entry of non-current assets 2,360 42
Interest and dividend income (340) (627)
Interest expenses 0 0
Subsidy income (2,592) (42)
Decrease (increase) in trade receivables 2,248 (1,043)
Decrease (increase) in inventories (2,001) (4,257)
Increase (decrease) in trade payables (944) 1,261
Other, net 409 (1,355)
Subtotal 31,023 25,542
Interest and dividends received 340 627
Interest paid (0) (0)
Income taxes refund (paid) (6,011) (9,235)
Net cash provided by (used in) operating activities 25,351 16,933
Cash flows from investing activities
Net decrease (increase) in time deposits - 48
Purchase of property, plant and equipment (9,912) (22,474)
Payments for retirement of property, plant and equipment (74) -
Purchase of intangible assets (185) (50)
Purchase of investment securities (219) (42)
Proceeds from sale of investment securities - 580
Subsidies received 2,692 142
Other, net 16 38
Net cash provided by (used in) investing activities (7,682) (21,757)
Cash flows from financing activities
Repayments of long-term borrowings (400) -
Purchase of treasury shares (1) (6)
Dividends paid (1,110) (1,209)
Net cash provided by (used in) financing activities (1,512) (1,216)
Effect of exchange rate change on cash and cash equivalents 398 1,458
Net increase (decrease) in cash and cash equivalents 16,554 (4,581)
Cash and cash equivalents at beginning of period 55,013 71,568
Cash and cash equivalents at end of period 71,568 66,986
(Notes on segment information, etc.)
Segment Information
1. Overview of Reporting Segments
The Company's reporting segments are those of the Company's constituent units
for which segregated financial information is available and is subject to
periodic review by the Board of Directors in order to determine the allocation
of management resources and evaluate performance.
The Company establishes business divisions for each product and service at its
headquarters, and each business division formulates a comprehensive strategy
for the products and services it handles in Japan and overseas and develops
business activities.
Accordingly, the Company is comprised of product and service segments based on
the Business Unit, with two reporting segments: the Ceramic Components
Business and the Lighting Equipment Business.
The Ceramic Components segment manufactures and sells electronic components,
ceramic substrates, and products related to semiconductor manufacturing
equipment. The Lighting Equipment Business manufactures and sells lighting
equipment that uses LEDs in addition to conventional lighting equipment.
2. Method of calculating the amount of sales, profits or losses, assets and
other items for each reporting segment
The method of accounting for the reported business segments is the accounting
method adopted in the preparation of consolidated financial statements.
It is the same as the method of.
Profit in the reporting segment is a figure based on operating income.
Internal sales and transfers between segments are based on prevailing market
prices.
3. Information on the amount of sales, profits or losses, assets and other
items for each reporting segment
The previous fiscal year (April 1, 2024 to March 31, 2025)
(Millions of yen)
Reportable segments Adjustment amount (Note) 1 Amount recorded in consolidated financial statements (Note)2
Ceramic components Lighting equipment Total
Sales
Revenues from external customers 62,487 9,362 71,849 - 71,849
Transactions with other segments 7 37 45 (45) -
Total 62,494 9,400 71,895 (45) 71,849
Segment Profit 27,086 1,437 28,524 (1,609) 26,914
Segment Assets 130,554 9,044 139,598 2,687 142,285
Other items
Depreciation 4,461 96 4,557 132 4,690
Increase in property, plant and equipment and intangible assets 8,854 427 9,282 369 9,652
Note: 1. Segment profit adjustment of (1,609) million yen includes 53 million
yen of inter-segment elimination and (1,663) million yen of company-wide
expenses not allocated to each reporting segment. Corporate expenses are
selling, general and administrative expenses that are not attributable to the
reporting segment.
2. Segment profit is adjusted to operating income in the consolidated
statements of income.
3. Adjusted segment assets of ¥2,687 million are company-wide assets that
have not been allocated to each reporting segment. These include the parent
company's surplus funds under management (time deposits, etc.), investment
securities, etc., and assets related to the management department.
4. The 132 million yen adjustment for depreciation and amortization is mainly
depreciation and amortization of company-wide assets that have not been
allocated to each reporting segment.
5. Adjustment for the increase in property, plant and equipment and intangible
assets of 369 million yen is an increase in company-wide assets that are not
primarily allocated to each reporting segment.
The current fiscal year (April 1, 2025 to March 31, 2026)
(Millions of yen)
Reportable segments Adjustment amount (Note) 1 Amount recorded in consolidated financial statements (Note)2
Ceramic components Lighting equipment Total
Sales
Revenues from external customers 63,797 10,679 74,476 - 74,476
Transactions with other segments 9 7 17 (17) -
Total 63,806 10,687 74,493 (17) 74,476
Segment Profit 24,573 2,141 26,714 (1,738) 24,976
Segment Assets 149,102 10,244 159,346 3,344 162,691
Other items
Depreciation 4,989 146 5,135 198 5,334
Increase in property, plant and equipment and intangible assets 20,948 522 21,470 1,236 22,707
Note: 1. Segment profit adjustment of (1,738) million yen includes 90 million
yen of inter-segment transaction elimination and (1,828) million yen of
company-wide expenses not allocated to each reporting segment. Corporate
expenses are selling, general and administrative expenses that are not
attributable to the reporting segment.
2. Segment profit is adjusted to operating income in the consolidated
statements of income.
3. Adjusted segment assets of ¥3,344 million are company-wide assets that
have not been allocated to each reporting segment. These include the parent
company's surplus funds under management (time deposits, etc.), investment
securities, etc., and assets related to the management department.
4. The 198 million yen adjustment for depreciation and amortization is mainly
depreciation and amortization of company-wide assets that have not been
allocated to each reporting segment.
5. The adjustment for the increase in property, plant and equipment and
intangible assets of 1,236 million yen is an increase in company-wide assets
that are not primarily allocated to each reporting segment.
Other Matters
(1) Basic Policy on Profit Distribution and Dividends
1. Basic Policy on Profit Distribution
Our basic policy on profit distribution is to place importance on maintaining
stable and continuous dividend payments to shareholders, while also enhancing
flexible capital investment in new growth areas, maintaining and strengthening
research and development, and promoting initiatives related to ESG and the
SDGs.
2. Dividend of Surplus for FY2025
The year-end dividend for the fiscal year ended March 31, 2026 is scheduled to
be 51 yen per share. Accordingly, the annual dividend, including the interim
dividend, will be 102 yen per share.
3. Dividend of Surplus for FY2026
With respect to profit distribution for the fiscal year ended March, 2027,
amid a once-in-a-century period of transformation, we will prioritize
enhancing corporate value through agile initiatives focused on ESG and the
SDGs, as well as proactive research and development with a long-term
perspective. Regarding shareholder returns, we have decided to increase the
annual dividend by 8 yen, and plans to pay an annual dividend of 110 yen per
share, consisting of an interim dividend of 55 yen per share and a year-end
dividend of 55 yen per share.
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