Interim report
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Translation Notice : This document is an excerpt translation of the original Japanese document and is only for reference purposes . In the event of any discrepancy between this translated document and the original Japanese document , the latter shall prevail . Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( Based on Japanese GAAP ) Accounting Financial Ac Standards Fo FASF MEMBERSHIP Company Name : FUJIMI INCORPORATED Stock Exchange Listing : Tokyo , Nagoya Stock Code : Representative : 5384 Chairman URL https://www.fujimiinc.co.jp/english/ Keishi Seki Senior General Manager Inquiries : Toshihiro Kawashima TEL + 81-52-503-8181 Finance Division Scheduled Date to Commence Dividend Payments : Preparation of supplementary material on quarterly financial results : Holding of quarterly financial results meeting : None None August 5 , 2026 ( Amounts less than one million yen are rounded down ) 1. Consolidated Financial results for the three months ended June 30 , 2026 ( from April 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated Operating Results ( cumulative ) % indicates YoY changes Profit Attributable to Net Sales Millions of yen Three months ended June 30 , 2026 Three months ended June 30 , 2025 ( Note ) Comprehensive income : Three months ended June 30 , 2026 : Three months ended June 30 , 2025 : 19,520 16,394 % 19.1 11.2 Operating Profit Millions of yen 4,607 3,257 % 41.5 24.1 Ordinary Profit Millions of yen Owners of Parent 4,831 % 75.7 Millions of yen % 3,371 81.0 2,750 A 7.4 1,862 A10.4 Earnings per Share ¥ 4,168 million [ 51.4 % ] ¥ 2,753 million [ A21.1 % ] Diluted Earnings per Share Yen Yen Three months ended June 30 , 2026 Three months ended June 30 , 2025 45.45 25.10 ( 2 ) Consolidated Financial Position As of June 30 , 2026 As of March 31 , 2026 ( Reference ) Equity : 2. Cash Dividends Total Assets Millions of yen 120,848 121,302 Net Assets Equity Ratio Net Assets per Share Millions of yen % Yen 85,973 84,715 70.4 69.1 1,147.55 1,130.59 As of June 30 , 2026 : ¥ 85,128 million As of March 31 , 2026 : ¥ 83,871 million 1st quarter - end 2nd quarter - end Annual Dividends per Share 3rd quarter - end Fiscal year - end Total Yen Yen 36.67 Yen Yen 38.33 Yen 75.00 Year ended March 31 , 2026 Year ending March 31 , 2027 Year ending March 31 , 2027 38.50 ( Forecast ) ( Note ) Revisions to the most recently disclosed dividend forecasts : None 38.50 77.00 3. Forecast of Consolidated Financial Results for the Year Ending March 31 , 2027 ( from April 1 , 2026 to March 31 , 2027 ) % indicates YoY changes : full year vs. previous fiscal year ; quarter vs. same quarter of previous year Net Sales Operating Profit Ordinary Profit Millions of yen Six months ending September 30 , 2026 36,200 % Millions of yen 8.1 7,450 % Millions of yen 15.1 7,500 Profit Attributable to Owners of Parent % Millions of yen % 19.9 Earnings per Share Yen 5,500 17.7 74.14 Full Year 74,800 7.8 14,500 4.9 14,500 2.3 10,400 14.8 140.19 ( Note ) Revisions to the most recently disclosed financial results forecasts : None
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4. Notes (1) Changes in significant subsidiaries during the three months ended June 30, 2026 (changes in specified subsidiaries resulting in the change in scope of consolidation): None (2) Application of special accounting methods for preparing quarterly consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements Changes in accounting policies due to revisions to accounting standards and other regulations: None Changes in accounting policies due to other reasons: None Changes in accounting estimates: None Restatement of prior period financial statements: None (4) Number of issued shares (common shares) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2026 80,098,500 shares As of March 31, 2026 80,098,500 shares Number of treasury shares at the end of the period As of June 30, 2026 5,915,405 shares As of March 31, 2026 5,915,244 shares Average number of shares during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026 74,183,210 shares Three months ended June 30, 2025 74,183,315 shares (Note) The Company’s shares held by the “Board Benefit Trust (BBT)” and “Employee Stock Ownership Plan (J-ESOP)” are included both in the number of treasury shares at the end of the period and in the number of treasury shares which is deducted in calculating the average share number during the period. Review of the quarterly consolidated financial statements contained in this report by certified public accountants or an audit firm: Yes (voluntary) The financial forecast and other forward-looking statements are based on information available to management at the present time and on certain assumptions judged by management to be reasonable. Due to various factors, actual performance and financial results in future periods may differ materially from the forecast.
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FUJIMI INCORPORATED FY2027 First Quarter Financial Results 1 (Supplementary Materials) Table of Contents Contents Page 1. Overview of Business Results and Financial Position…………………………………………………... (1) Overview of Business Results………………………………………..………………………………. (2) Overview of Financial Position………………………………………………..…………………..… (3) Information Concerning Revision of Financial Forecast.…………………………………………. 2. Consolidated Financial Statements………………………………………...….…………………….…... (1) Consolidated Balance Sheets……………………………………………………………….………... (2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income… 2 2 3 3 4 4 6
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FUJIMI INCORPORATED FY2027 First Quarter Financial Results 2 1. Overview of Business Results and Financial Position (1) Overview of Business Results During the first three months of our FY2027, concerns about geopolitical risks and a global economic recession increased. The tensions between Russia and Ukraine continued, while military conflicts in the Middle East have resulted in higher energy prices and logistics costs, as well as shortages of petrochemical products including naphtha. In addition, China’s economic growth rate is slowing down, and the U.S. proposed new tariffs ahead of the expiration of the temporary tariffs, which led to continuing uncertainty regarding the outlook for the global economy. In the global semiconductor market, demand for semiconductor devices for PCs, smartphones, and automotive applications was affected by the shortage and price surge of general memory semiconductor devices. However, robust demand for advanced semiconductor devices for AI applications drove the market, and the overall semiconductor market remained solid. The consolidated results for this period are shown below. Consolidated Results for the First Three Months of Fiscal Year 2027: Millions of JPY FY ended June 30, 2025 FY ended June 30, 2026 Change YoY Net Sales 16,394 19,520 19.1% Operating Profit 3,257 4,607 41.5% Ordinary Profit 2,750 4,831 75.7% Profit Attributable to Owners of Parent 1,862 3,371 81.0% Segment Operating Results by Region (i) Japan Net sales in Japan increased by 18.0% to JPY 11,051 million compared with the same term in the previous fiscal year. Operating profit increased by 40.8% to JPY 3,841 million. The increases were mainly due to firm demand for products for semiconductor devices and silicon wafers. (ii) North America Net sales in North America decreased by 2.9% to JPY 1,865 million compared with the same term in the previous fiscal year. Operating profit increased by 44.7% to JPY 116 million. The decrease in net sales was mainly due to an accounting adjustment to reduce both net sales and cost of sales for tariff-related charges booked through the previous fiscal year, although sales remained firm driven mainly by products for semiconductor devices. The increase in operating profit was mainly due to the impact of foreign exchange rates. (iii) Asia Net sales in Asia increased by 37.7% to JPY 6,010 million compared with the same term in the previous fiscal year. Operating profit increased by 43.8% to JPY 1,674 million. The increases were mainly due to higher sales of products for advanced logic semiconductor devices and hard disk substrates. (iv) Europe Net sales in Europe decreased by 20.6% to JPY 593 million compared with the same term in the previous fiscal year. Operating profit decreased by 29.4% to JPY 52 million. The decreases were mainly due to weak sales of products for semiconductor devices and silicon wafers. Segment Operating Results by Application (i) Silicon Wafers Regarding products for silicon wafers, net sales of lapping abrasive products increased by 8.6% to JPY 1,979 million compared with the same term in the previous fiscal year. Net sales of polishing slurry products increased by 1.1% to JPY 3,435 million compared with the same term in the previous fiscal year. However, the increases were 8.6% compared with the previous quarter. (ii) Semiconductor Devices Regarding products for the CMP process of semiconductor devices, net sales increased by 28.3% to JPY 10,606 million compared with the same term in the previous fiscal year. The increase was mainly due to firm demand for products for both advanced logic and memory semiconductor devices.
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FUJIMI INCORPORATED FY2027 First Quarter Financial Results 3 (iii) Hard Disks Regarding products for hard disk substrates, net sales increased by 45.9% to JPY 662 million compared with the same term in the previous fiscal year. The increase was mainly due to favorable customer operations, as well as inventory adjustments of our products by the customer following the improvements in the production process during the previous fiscal year. (iv) General Industries Regarding products for general industries, net sales increased by 6.5% to JPY 1,756 million compared with the same term in the previous fiscal year. The increase was mainly due to higher sales for high-speed data communication application. (2) Overview of Financial Position Summary of Total Assets, Total Liabilities and Net Assets as of June 30, 2026 Total assets decreased by JPY 454 million to JPY 120,848 million compared with the end of the previous fiscal year mainly due to a decrease of JPY 4,275 million in cash and deposits, despite increases of JPY 1,864 million in notes and accounts receivable r trade, of JPY 989 million in buildings and structures, net in non-current assets, and of JPY 843 million in investment securities. Total liabilities decreased by JPY 1,712 million to JPY 34,874 million compared with the end of the previous fiscal year mainly due to decreases of JPY 2,258 million in accounts payable - facilities, and of JPY 970 million in provision for bonuses, despite an increase of JPY 1,482 million in other in current liabilities. Net assets increased by JPY 1,258 million to JPY 85,973 million compared with the end of the previous fiscal year mainly due to increases of JPY 479 million in retained earnings, of JPY 456 million in foreign currency translation adjustment, and of JPY 350 million in valuation difference on available-for-sale securities. (3) Information Concerning Revision of Financial Forecast As for the forecast of consolidated financial results for the fiscal year ending March 31, 2027, there is no change from the figures announced on May 14, 2026. Should any revision to the forecast become necessary, it will be disclosed promptly.
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FUJIMI INCORPORATED FY2027 First Quarter Financial Results 4 2. Consolidated Financial Statements (1) Consolidated Balance Sheets (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 31,346 27,071 Notes and accounts receivable - trade 13,681 15,546 Merchandise and finished goods 6,935 7,035 Work in process 1,504 1,688 Raw materials and supplies 6,482 6,463 Other 1,255 1,224 Allowance for doubtful accounts ˚19 ˚19 Total current assets 61,186 59,010 Non -current assets Property, plant and equipment Buildings and structures, net 26,713 27,702 Land 8,475 8,488 Construction in progress 8,875 8,261 Other, net 7,125 7,712 Total property, plant and equipment 51,189 52,164 Intangible assets 1,644 1,649 Investments and other assets Investment securities 6,079 6,923 Deferred tax assets 330 255 Retirement benefit asset 568 595 Other 313 259 Allowance for doubtful accounts ˚9 ˚9 Total investments and other assets 7,282 8,024 Total non -current assets 60,116 61,837 Total assets 121,302 120,848
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FUJIMI INCORPORATED FY2027 First Quarter Financial Results 5 (Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 4,375 4,792 Current portion of long -term borrowings 1,071 1,071 Income taxes payable 2,879 1,982 Provision for bonuses 2,146 1,176 Provision for bonuses for directors (and other officers) ʵ 30 Accounts payable - other 1,654 1,721 Accounts payable - facilities 4,092 1,834 Provision for share awards 141 148 Other 1,780 3,262 Total current liabilities 18,142 16,020 Non -current liabilities Long-term borrowings 16,160 15,892 Deferred tax liabilities 566 1,227 Retirement benefit liability 535 551 Provision for share awards 47 35 Other 1,134 1,146 Total non -current liabilities 18,445 18,853 Total liabilities 36,587 34,874 Net assets Shareholders' equity Share capital 4,753 4,753 Capital surplus 5,038 5,038 Retained earnings 68,698 69,177 Treasury shares ˚4,416 ˚4,416 Total shareholders' equity 74,073 74,552 Accumulated other comprehensive income Valuation difference on available-for- sale securities 2,655 3,006 Foreign currency translation adjustment 6,640 7,096 Remeasurements of defined benefit plans 501 473 Total accumulated other comprehensive income 9,797 10,576 Non -controlling interests 844 845 Total net assets 84,715 85,973 Total liabilities and net assets 121,302 120,848
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FUJIMI INCORPORATED FY2027 First Quarter Financial Results 6 (2) Consolidated Statements of Income (cumulative) and Consolidated Statements of Comprehensive Income (cumulative) (ⅰ) Consolidated Statements of Income (cumulative) (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Net sales 16,394 19,520 Cost of sales 9,119 10,262 Gross profit 7,275 9,257 Selling, general and administrative expenses 4,017 4,649 Operating profit 3,257 4,607 Non -operating income Interest income 71 68 Dividend income 71 121 Foreign exchange gains ʵ 99 Other 22 31 Total non -operating income 165 319 Non -operating expenses Interest expenses 11 61 Loss on retirement of non -current assets 1 31 Foreign exchange losses 612 ʵ Other 46 3 Total non -operating expenses 672 96 Ordinary profit 2,750 4,831 Extraordinary losses Plant reorganization expenses 14 ʵ Total extraordinary losses 14 ʵ Profit before income taxes 2,735 4,831 Income taxes - current 359 857 Income taxes - deferred 497 584 Total income taxes 856 1,441 Profit 1,879 3,389 Profit attributable to non -controlling interests 16 17 Profit attributable to owners of parent 1,862 3,371
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FUJIMI INCORPORATED FY2027 First Quarter Financial Results 7 (ⅱ) Consolidated Statements of Comprehensive Income (cumulative) (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Profit 1,879 3,389 Other comprehensive income Valuation difference on available-for- sale securities 193 350 Foreign currency translation adjustment 685 456 Remeasurements of defined benefit plans, net of tax ˚5 ˚28 Total other comprehensive income 874 778 Comprehensive income 2,753 4,168 Comprehensive income attributable to Comprehensive income attributable to owners of parent 2,736 4,150 Comprehensive income attributable to non- controlling interests 16 17