Consolidated statement of financial position

(Unit: million JPY)

	As of March 31, 2025	As of March 31, 2026
Assets
Current assets
Cash and cash equivalents	39,592	39,820
Trade receivables	70,530	70,283
Inventories	51,694	53,095
Other financial assets	4,308	4,925
Other current assets	6,665	8,055
Total current assets	172,790	176,180
Non-current assets
Property, plant and equipment	48,374	49,242
Goodwill	206,500	221,524
Intangible assets	80,649	74,371
Investments accounted for using equity method	1,821	730
Other financial assets	13,932	10,988
Deferred tax assets	6,120	6,482
Other non-current assets	2,293	2,990
Total non-current assets	359,691	366,330
Total assets	532,482	542,510
Liabilities and equity
Liabilities
Current liabilities
Trade and other payables	65,665	72,379
Borrowings	34,278	78,254
Income taxes payable	4,207	2,588
Provisions	7,725	8,234
Other financial liabilities	5,812	5,709
Other current liabilities	22,865	22,467
Total current liabilities	140,555	189,634
Non-current liabilities
Trade and other payables	597	537
Borrowings	220,982	156,303
Retirement benefit liability	5,544	5,962
Provisions	4,575	4,955
Other financial liabilities	8,358	11,278
Deferred tax liabilities	9,291	11,472
Other non-current liabilities	1,405	1,487
Total non-current liabilities	250,755	191,995
Total liabilities	391,310	381,630
Equity
Share capital	48,623	48,785
Capital surplus	42,039	42,636
Retained earnings	2,991	(3,846)
Treasury shares	(568)	(568)
Other components of equity	48,553	74,662
Equity attributable to owners of parent	141,639	161,668
Non-controlling interests	(468)	(788)
Total equity	141,171	160,880
Total liabilities and equity	532,482	542,510

Consolidated statement of profit or loss

(Unit: million JPY)

	Fiscal year ended March 31, 2025	Fiscal year ended March 31, 2026
Revenue	361,593	364,403
Cost of sales	195,369	199,138
Gross profit	166,224	165,264
Selling, general and administrative expenses	144,249	144,664
Other income	1,761	2,818
Other expenses	784	810
Share of profit (loss) of investments accounted for using equity method	(371)	79
Operating profit	22,580	22,688
Finance income	1,504	341
Finance costs	5,262	16,640
Profit before taxes	18,823	6,390
Income tax expense	8,458	6,170
Profit	10,364	219
Profit (loss) attributable to
Owners of parent	10,485	492
Non-controlling interests	(120)	(273)
Earnings per share
Basic earnings per share (Unit: JPY)	83.13	3.90
Diluted earnings per share (Unit: JPY)	82.58	3.87

Consolidated statement of comprehensive income

(Unit: million JPY)

	Fiscal year ended March 31, 2025	Fiscal year ended March 31, 2026
Profit	10,364	219
Other comprehensive income
Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans	(228)	845
Net change in fair value of equity instruments designated as measured at fair value through other comprehensive income	1,102	(3,450)
Items that may be reclassified to profit or loss
Effective portion of cash flow hedges	(14)	17
Exchange differences on translation of foreign operations	(4,929)	26,893
Share of other comprehensive income of investments accounted for using equity method	(11)	(380)
Other comprehensive income, net of taxes	(4,081)	23,925
Comprehensive income	6,283	24,144
Comprehensive income attributable to
Owners of parent	6,400	24,464
Non-controlling interests	(116)	(319)
Comprehensive income	6,283	24,144

Consolidated statement of changes in equity

(Unit: million JPY)

	Equity attributable to owners of parent
	Share capital	Capital surplus	Retained earnings	Treasury shares	Other components of equity
					Remeas- urements of defined benefit plans	Net change in fair value of equity instruments designated as measured at fair value through other comprehen sive income	Effective portion of cash flow hedges
As of April 1, 2024	48,423	41,797	(2,773)	(568)	-	(1,110)	(3)
Comprehensive income
Profit	-	-	10,485	-	-	-	-
Other comprehensive income	-	-	-	-	(228)	1,102	(14)
Total comprehensive income	-	-	10,485	-	(228)	1,102	(14)
Issuance of new shares	200	(154)	-	-	-	-	-
Purchase of treasury shares	-	-	-	-	-	-	-
Dividends to owners of parent	-	-	(4,917)	-	-	-	-
Forfeiture of share acquisition rights and Restricted Stock Unit	-	(203)	199	-	-	-	-
Share-based payment transactions	-	600	-	-	-	-	-
Transfer from other components of equity to retained earnings	-	-	(3)	-	228	(225)	-
Transactions with owners	200	242	(4,720)	-	228	(225)	-
As of March 31, 2025	48,623	42,039	2,991	(568)	-	(233)	(17)

(Unit: million JPY)

	Equity attributable to owners of parent				Non- controlling interests	Total
	Other components of equity			Total
	Exchange differences on translation of foreign operations	Share of other comprehensive income of investments accounted for using equity method	Total
As of April 1, 2024	53,380	369	52,635	139,515	(351)	139,163
Comprehensive income
Profit	-	-	-	10,485	(120)	10,364
Other comprehensive income	(4,933)	(11)	(4,085)	(4,085)	3	(4,081)
Total comprehensive income	(4,933)	(11)	(4,085)	6,400	(116)	6,283
Issuance of new shares	-	-	-	45	-	45
Acquisition of treasury shares	-	-	-	-	-	-
Dividends to owners of parent	-	-	-	(4,917)	-	(4,917)
Forfeiture of share acquisition rights and Restricted Stock Unit	-	-	-	(3)	-	(3)
Share-based payment transactions	-	-	-	600	-	600
Transfer from other components of equity to retained earnings	-	-	3	-	-	-
Transactions with owners	-	-	3	(4,275)	-	(4,275)
As of March 31, 2025	48,447	357	48,553	141,639	(468)	141,171

(Unit: million JPY)

	Equity attributable to owners of parent
	Share capital	Capital surplus	Retained earnings	Treasury shares	Other components of equity
					Remeas- urements of defined benefit plans	Net change in fair value of equity instruments designated as measured at fair value through other comprehen sive income	Effective portion of cash flow hedges
As of March 31, 2025	48,623	42,039	2,991	(568)	-	(233)	(17)
Comprehensive income
Profit	-	-	492	-	-	-	-
Other comprehensive income	-	-	-	-	845	(3,450)	17
Total comprehensive income	-	-	492	-	845	(3,450)	17
Issuance of new shares	161	169	-	-	-	-	-
Purchase of treasury shares	-	-	-	(0)	-	-	-
Dividends to owners of parent	-	-	(5,306)	-	-	-	-
Forfeiture of share acquisition rights and Restricted Stock Unit	-	(183)	112	-	-	-	-
Share-based payment transactions	-	609	-	-	-	-	-
Transfer from other components of equity to retained earnings	-	-	(2,136)	-	(845)	2,982	-
Transactions with owners	161	596	(7,330)	(0)	(845)	2,982	-
As of March 31, 2026	48,785	42,636	(3,846)	(568)	-	(701)	-

(Unit: million JPY)

	Equity attributable to owners of parent				Non- controlling interests	Total
	Other components of equity			Total
	Exchange differences on translation of foreign operations	Share of other comprehensive income of investments accounted for using equity method	Total
As of March 31, 2025	48,447	357	48,553	141,639	(468)	141,171
Comprehensive income
Profit	-	-	-	492	(273)	219
Other comprehensive income	26,940	(380)	23,971	23,971	(46)	23,925
Total comprehensive income	26,940	(380)	23,971	24,464	(319)	24,144
Issuance of new shares	-	-	-	331	-	331
Acquisition of treasury shares	-	-	-	(0)	-	(0)
Dividends to owners of parent	-	-	-	(5,306)	-	(5,306)
Forfeiture of share acquisition rights and Restricted Stock Unit	-	-	-	(70)	-	(70)
Share-based payment transactions	-	-	-	609	-	609
Transfer from other components of equity to retained earnings	-	-	2,136	-	-	-
Transactions with owners	-	-	2,136	(4,435)	-	(4,435)
As of March 31, 2026	75,387	(23)	74,662	161,668	(788)	160,880

Consolidated statement of cash flows

(Unit: million JPY)

	Fiscal year ended March 31, 2025	Fiscal year ended March 31, 2026
Cash flows from operating activities
Profit before taxes	18,823	6,390
Depreciation and amortization	27,871	27,119
Interest expenses	4,929	5,876
Decrease (increase) in trade receivables	3,061	3,989
Decrease (increase) in inventories	(193)	2,229
Increase (decrease) in trade payables	(2,602)	2,917
Other	(1,915)	5,655
Subtotal	49,974	54,178
Interest and dividends received	354	309
Interest paid	(6,568)	(5,334)
Income taxes paid	(3,977)	(7,021)
Income taxes refund	2,160	326
Net cash provided by operating activities	41,941	42,458
Cash flows from investing activities
Purchase of property, plant and equipment, and intangible assets	(11,610)	(9,093)
Proceeds from sales of property, plant and equipment, and intangible assets	902	448
Proceeds from sale of investments accounted for using equity method	307	296
Other	1,927	(106)
Net cash used in investing activities	(8,473)	(8,454)
Cash flows from financing activities
Net increase (decrease) in short-term borrowings	(2,329)	(2,063)
Proceeds from short-term borrowings	ー	50,195
Proceeds from long-term borrowings	1,962	185,801
Repayments of long-term borrowings	(27,003)	(260,404)
Repayments of lease liabilities	(6,814)	(5,931)
Dividends paid to owners of parent	(4,916)	(5,306)
Other	32	(2,111)
Net cash used in financing activities	(39,068)	(39,821)
Effect of exchange rate changes on cash and cash equivalents	(1,851)	6,044
Net increase (decrease) in cash and cash equivalents	(7,451)	227
Beginning balance of cash and cash equivalents	47,044	39,592
Ending balance of cash and cash equivalents	39,592	39,820