Interim report
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1 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. October 15, 2026 Consolidated Financial Results for the Nine Months Ended September 30, 2026 (Under Japanese GAAP) Company name: HIOKI E.E.CORPORATION Listing: Tokyo Stock Exchange Securities code: 6866 URL: https://www.hioki.com/ja Representative: Takahiro Okazawa, President Inquiries: Takehisa Obara, Executive Officer, Director of Corporate Planning Department, Administration Division Telephone: +81-268-28-0555 Scheduled date to commence dividend payments: - Preparation of supplementary material on financial results: None Holding of financial results briefing: None (Yen amounts are rounded down to millions, unless otherwise noted.) 1. Consolidated financial results for th e nine months ended September 30, 2026 (from January 1, 2026 to September 30, 2026) (1) Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Nine months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % September 30, 2026 35,871 22.8 7,188 51.0 7,391 51.9 5,827 63.6 September 30, 2025 29,219 4.1 4,761 (7.7) 4,866 (9.6) 3,561 (11.7) Note: Comprehensive income For the nine months ended September 30, 2026: ¥5,892 million [64.0%] For the nine months ended September 30, 2025: ¥3,592 million [(11.8)%] Basic earnings per share Diluted earnings per share Nine months ended Yen Yen September 30, 2026 433.84 - September 30, 2025 263.12 - (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 September 30, 2026 54,595 45,900 84.1 3,424.02 December 31, 2025 51,492 43,956 85.4 3,246.70 Reference: Equity As of September 30, 2026: ¥45,900 million As of December 31, 2025: ¥43,95 6 million 2. Cash dividends Annual dividends per share First quarter-end Second quarte r-end Third quarte r-end Fiscal yea r-end Total Yen Yen Yen Yen Yen Fiscal year ended December 31, 2025 - 100.00 - 100.00 200.00 Fiscal year ending December 31, 2026 - 120.00 - Fiscal year ending December 31, 2026 (Forecast) 120.00 240.00 Note: Revisions to the forecast of cash dividends most recently announced: None 3. Forecast of consolidated financial results for the fiscal year ending December 31, 2026 (from January 1, 2026 to December 31, 2026) (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 % Millions of yen % Millions of yen % Yen Fiscal year ending December 31, 2026 47,700 17.7 9,500 39.9 9,840 38.5 7,540 38.2 560.80 Note: Revisions to the earnings forecasts most recently announced: None
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2 * Notes (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specif ic to the preparation of quarterly consolidated financial statements: None (3) Changes in accounting policies, change s in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policie s due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of September 30, 2026 14,024,365 shares As of December 31, 2025 14,024,365 shares (ii) Number of treasury shares at the end of the period As of September 30, 2026 618,943 shares As of December 31, 2025 485,620 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Nine months ended September 30, 2026 13,431,870 shares Nine months ended September 30, 2025 13,535,668 shares * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None * Proper use of earnings foreca sts, 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 currently available to the Company and on certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual financial results, etc. may differ substantially due to various factors. For the conditions on which earnings forecasts are predicated and precautions for using earnings forecasts, please refer to "1. Summary of Operating Results, etc. (4) Explanation of Forward-Looking Information such as Consolidated Earnings Forecasts" on page 7.
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3 1. Summary of Operating Results, etc. (1) Overview of Operating Results for the Current Quarterly Period 1) Economic Environment and Industry Overview The global economy in 2026 has remained generally stable, su pported by the resilience of the U.S. economy as well as investment in semiconductors and data centers driven by the spread of generative AI. On the other hand, tensions in the Middle East escalated fo llowing military actions by the United States and Israel against Iran, heightening concerns about surging crude oil and g as prices and logistics costs. Amid resulting wariness of a resurgence in inflation, long-t erm interest rates have risen. In addition, wh ile upward pressure on raw material prices is easing in some areas, price pass-through continues for chemical products, rubber products, and others. In the generative AI field, demand for electronic com ponents, multilayer substrates, and power semiconductors has remained strong, driven by expanded investment in data centers and power-related equi pment in addition to high- performance servers. The battery market has expanded from being EV-centric to multiple markets, including Energy Storage Systems (ESS), with ESS demand in particular growing ag ainst the backdrop of renewable energy adoption and rising electricity demand. In the global xEV market, differences in electrification strategies among regions have become more pronounced. In China, demand for PHEVs and other vehicles has been expanding in ad dition to BEVs, while in Europe, where HEVs remain the largest category, adoption of BEVs and PHEVs is also progressing, supported by national electrification incentives and new model launches. The PV (solar power generation) market is showing signs of recovery from an adjustment phase. 2) Overview of Net Sales and Profit/Loss During the nine months ended September 30, 2026, orders r eceived continued to significan tly exceed those of the same period last year. However, due to tight supply of components, revenue recognition for some orders has been deferred to subsequent quarters, and net sales growth has not kept pace with the increase in orders received. The depreciation of the yen also contributed to higher revenue when translated into yen. By market segment, in the Component market, sales of our products grew significantly, driven by rapidly expanding demand for passive components used in data centers. The Battery market also expanded, supported by surging demand for ESS for renewable energy and power grids in a ddition to conventional xEV applications . Furthermore, the Energy market was supported by demand associated with expanded investment in data centers and power-related equipment, and the Mobility market benefited mainly from demand in the automotive and aerospace sectors, resulting in increased sales in both markets. By customer region, sales and orders received in China increased significantly year-on-year. Domestic sales also increased. Sales in South Korea recovered to the level of the fiscal year before last, and Taiwan showed growth in both sales and orders received that greatly exceeded other regions. In terms of profitability, the substantial increase in net sales absorbed the increase in cost of sales resulting from higher component prices, resulting in both operating profit and ordinary profit surpassing last year's levels. As a result, for the nine months ende d September 30, 2026, net sales were 35, 871 million yen (up 22.8% year-on-year), operating profit was 7,188 million yen (up 51.0%), ordinary profit was 7,391 million yen (up 51.9%), and profit attributable to owners of parent was 5,827 million yen (up 63.6%). 3) Promotion of Growth Strategies toward Realizing Vision 2030 The Group continues to make progress toward the realizati on of "Vision 2030" and achievement of our medium-term management plan, focusing on the following strategic pilla rs: developing products that embody HIOKI's indispensability, market-driven business development, and pursuing carbon neutrality. On the development front, a high-frequen cy loss analysis technology developed th rough joint research with Yokohama National University to support next-generation motor design and higher efficiency in the power electronics field was highly evaluated at the international conference "IPEC-Nagasaki 2026" and received the "Best Paper Award 2nd Prize." This technology makes it possible to elucidate the mechanisms of high-frequency losses, which are important in the EV and renewable energy fields, and to predict them at the design stag e, contributing to more efficient and more accurate product development. We also released "GENNECT Space V1.5," integrated software that supports centralized management, analysis, and visualization of measurement data. It enables data comparison across multiple measuring instruments and integration with external analysis tools, improving engineers' work effici ency and accelerating decision-making. Furthermore, to improve the efficiency of on-site inspection and maintenance work, we launched the insulation test er "IR4052-52," which offers significantly improved usability through we ight reduction and redesigned accessories, contributing to enhanced safety of electrical equipment. In addition, through the development of a new measurement standard using a proprietary calorimeter, we improved calibration accuracy for high-frequency power measurement with power analyzers tenfold compared with the conventional level, strengthening our technological foundation to meet futu re high-precision measurement needs in EVs, renewable energy, and industrial power supplies. On the production front, unstable deliveries of components su ch as semiconductors continue to make it difficult to manufacture products in line with pro duction plans. Under these circumstances, we are working closely with partner factories and making maximum use of our production lines to produce and ship products as quickly as possible once
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4 components arrive. As a result, shipments remained above the level of the same period last year. Should tight component supply and demand conditions persist, we will implement additional measures toward stable production, such as switching to alternative components and making design changes. In addition, a new core system went into operation in July 2026, and production and shipme nts have generally continued smoothly. We will continue to make improvements aimed at enhancing productivity. On the sales front, in July 2026 we exhibited at "TECHNO-FRONTIER 2026" for the first time in nine years. Under three themes—"low power factor power analysis," "power quality a nd data collection," and "latent motor defects"—we broadly promoted our measurement solutions, including power analyzers and data loggers. In ESG activities, we installed solar power generation equipment (generating capacity: 200 kW) at the Ueda Second Factory, covering approximately 30% of the factor y's power consumption with solar energy . This improves energy efficiency and reduces environmental impact. We will continue to aim for a sustainable production system using renewable energy and energy-saving activities. We also expanded the scope of the "HIOKI Product Trade-in Service" from 130 models to 218 models. Going forward, we will work to strengthen our environmentally conscious services, aiming for maximum resource recycling. Based on the "HIOKI Sustainability Declaration," we are promoting the introduction of renewable energy, resource circulation, and zero-waste initiatives. As a company certified as a "Great Place to Work" for seven consecutive years, we support diversity and employee growth a nd are also actively engaged in contri buting to society through measurement technology and in communicating our sustainability activities. The following table shows the orders received and net sales by product group for the Group. Orders Received by Product Group for the Nine Months Ended September 30, 2026 Nine months ended September 30, 2025 Nine months ended September 30, 2026 Change Amount (thousand yen) Composition ratio(%) Amount (thousand yen) Composition ratio(%) Amount (thousand yen) Change (%) Automatic Test Equipment 2,292,472 7.7 5,143,497 12.3 2,851,025 124.4 Recording Equipment 4,545,096 15.3 4,870,992 11.7 325,895 7.2 Electronic Measuring Instruments 14,974,197 50.3 22,107,942 53.1 7,133,744 47.6 Field Measuring Instruments 6,215,545 20.9 7,763,720 18.6 1,548,175 24.9 Peripheral Equipment, Others 1,719,825 5.8 1,772,498 4.3 52,672 3.1 Grand Total 29,747,137 100.0 41,658,651 100.0 11,911,513 40.0 Net Sales by Product Group for the Nine Months Ended September 30, 2026 Nine months ended September 30, 2025 Nine months ended September 30, 2026 Change Amount (thousand yen) Composition ratio(%) Amount (thousand yen) Composition ratio(%) Amount (thousand yen) Change (%) Automatic Test Equipment 2,393,941 8.2 3,069,016 8.6 675,074 28.2 Recording Equipment 4,408,487 15.1 4,628,013 12.9 219,525 5.0 Electronic Measuring Instruments 14,598,783 50.0 18,952,180 52.8 4,353,396 29.8 Field Measuring Instruments 6,171,022 21.1 7,395,774 20.6 1,224,752 19.8 Peripheral Equipment, Others 1,646,833 5.6 1,826,311 5.1 179,478 10.9 Grand Total 29,219,069 100.0 35,871,297 100.0 6,652,228 22.8
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5 1) Automatic Test Equipment These products enable high-precision quality inspection of electronic boards installed in smartphones, EVs, AI servers, etc., during mass production, and feature automatic inspection technologies compatible with miniaturized and multilayer boards. With increased demand for high-performance servers and network equipment driven by the spread of AI data centers, capital investment in the semiconductor package and printed circuit board fields has become active, and needs for electrical inspection equipment compatible with large-area, high-density, multilayer boards are growing. The characteristics of the Group's fixtureless flying probe method were well-suited to this demand, resulting in a significant increase in orders received for automatic test equipment for advanced boards. On the other hand, in addition to this being a product group with long productio n lead times, the increase in orders driven by strong demand and partial delays in component procurement mean that many of the orders received during the third quarter are expected to be delivered in the next fiscal year. As a result, only part of the growth in orders received was reflected in net sales. As a result, net sales were 3,069 million yen (up 28.2% year -on-year), and orders recei ved were 5,143 million yen (up 124.4%). 2) Recording Equipment These products are used to simultaneously record and visua lize electrical and physical changes such as voltage, current, temperature, and strain, and are employed for on-site analysis such as design verification and failure analysis. Demand for data loggers remained steady, particularly for electrical equipment, batteries, and automobiles. In addition, there is growing demand for high-precision simultaneous acqui sition of multi-channel temperature, voltage, and current data in evaluation and testing of renewa ble energy and EVs. The expansion of data center investment has also increased needs for maintenance, evaluation, and inspection of power s upply, air conditioning, and cooling equipment, contributing to sales growth. As a result, net sales were 4,628 million yen (up 5.0% year-on-year), and orders received were 4,870 million yen (up 7.2%). 3) Electronic Measuring Instruments These products are used for inspecting electronic components a nd batteries, evaluating the efficiency of inverters and motors, and analyzing power quality, s upporting the development, mass production inspection, and maintenance of key devices in electrification. While demand for electronic in-vehicle components, including those for xEVs, remained steady, expanding server demand associated with the construction of additional data centers led to higher production volumes of electronic components such as power inductors, resulting in increased sales of resistance meters and LCR meters. In addition, large-scale investments in ESS continue to accomm odate data centers that requi re a stable supply of large amounts of power and the increase in PV , whose power generation is unstable, and sales of battery testers, mainly to system integrators, also remained steady. Furthermore, rising de mands for battery safety and reliability, as well as advancements in new battery materials and next-generation battery development, also contributed to sales. Additionally, power meters for grid applications saw increased adoption by electric utilities, large factories, data centers, and renewable energy power plants (such as wind and solar) for quality monitoring and anomaly analysis of voltage, current, frequency, etc. in power systems, boosting sales. Power meters for equipment applications saw increased adoption for multi- channel measurement of BBU and UPS systems in data cente rs, development and testing of air conditioning and HV AC equipment, and calibration and verification of electricity meters for electric utilities and infrastructure, also boosting sales. As a result, net sales were 18,952 million yen (up 29.8% year -on-year), and orders receive d were 22,107 million yen (up 47.6%). 4) Field Measuring Instruments These products are used for on-site measure ment and diagnosis of voltage, current, and insulation status at factories, buildings, and power generation facili ties, including highly safe products u tilizing metal non-contact measurement technology. Demand for clamp meters increased due to higher demand in the power and ener gy sectors and growing maintenance and inspection needs for data centers. In addition, sales of insulation resistance meters and earth resistance meters continued to be strong, driven by regulatory compliance needs and increased adoption in infrastructure and public works, and these products led sales growth. As a result, net sales were 7,395 million yen (up 19.8% year -on-year), and orders recei ved were 7,763 million yen (up 24.9%). Orders received and net sales by destination for the nine months ended September 30, 2026 are as follows: Overseas net sales for the nine months ended September 30, 2026 amounted to 23,574 million yen (up 28.2% year-on-year), with the overseas sales ratio at 65.7%.
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6 Orders Received by Destination for the Nine Months Ended September 30, 2026 Nine months ended September 30, 2025 Nine months ended September 30, 2026 Change Amount (thousand yen) Composition ratio(%) Amount (thousand yen) Composition ratio(%) Amount (thousand yen) Change (%) Domestic 11,036,151 37.1 12,635,673 30.3 1,599,522 14.5 Overseas Asia China 8,376,051 28.2 13,189,687 31.7 4,813,636 57.5 South Korea 2,199,224 7.4 3,301,812 7.9 1,102,588 50.1 Taiwan 909,608 3.1 2,909,727 7.0 2,000,119 219.9 India 788,882 2.7 1,122,053 2.7 333,170 42.2 Southeast Asia 1,666,241 5.6 2,135,919 5.1 469,678 28.2 Other Asia 16,663 0.1 17,584 0.0 920 5.5 Asia Total 13,956,671 46.9 22,676,785 54.4 8,720,114 62.5 America 2,506,047 8.4 3,324,783 8.0 818,736 32.7 Europe 1,702,103 5.7 2,210,946 5.3 508,842 29.9 Other Regions 546,164 1.8 810,462 1.9 264,298 48.4 Overseas Total 18,710,986 62.9 29,022,977 69.7 10,311,990 55.1 Grand Total 29,747,137 100.0 41,658,651 100.0 11,911,513 40.0 Notes: 1. The classification of countries and regions is based on geographical proximity. 2. Major countries or regions included in each classification: (1) Southeast Asia: Singapore, Indonesia, Thailand, Vietnam (2) Americas: North America, Central and South America (3) Europe: Germany, France, Italy, United Kingdom (4) Other regions: Middle East, Australia, Africa 3. Orders received are classified based on the location of the customers. Net Sales by Destination for the Nine Months Ended September 30, 2026 Nine months ended September 30, 2025 Nine months ended September 30, 2026 Change Amount (thousand yen) Composition ratio(%) Amount (thousand yen) Composition ratio(%) Amount (thousand yen) Change (%) Domestic 10,828,032 37.1 12,297,191 34.3 1,469,158 13.6 Overseas Asia China 8,060,585 27.6 10,368,187 28.9 2,307,601 28.6 South Korea 2,164,586 7.4 2,996,740 8.4 832,154 38.4 Taiwan 969,424 3.3 1,727,215 4.8 757,791 78.2 India 890,942 3.0 1,077,554 3.0 186,611 20.9 Southeast Asia 1,477,912 5.1 1,854,677 5.2 376,765 25.5 Other Asia 21,222 0.1 22,675 0.1 1,452 6.8 Asia Total 13,584,675 46.5 18,047,051 50.3 4,462,376 32.8 America 2,490,995 8.5 2,740,263 7.6 249,267 10.0 Europe 1,814,192 6.2 2,093,003 5.8 278,811 15.4 Other Regions 501,173 1.7 693,786 1.9 192,613 38.4 Overseas Total 18,391,036 62.9 23,574,105 65.7 5,183,069 28.2 Grand Total 29,219,069 100.0 35,871,297 100.0 6,652,228 22.8 Notes: 1. The classification of countries and regions is based on geographical proximity. 2. Major countries or regions included in each classification: (1) Southeast Asia: Singapore, Indonesia, Thailand, Vietnam (2) Americas: North America, Central and South America (3) Europe: Germany, France, Italy, United Kingdom (4) Other regions: Middle East, Australia, Africa 3. Net sales are classified based on the location of the customers.
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7 (2) Overview of Financial Position for the Current Quarterly Period (Status of Assets, Liabilities, and Net Assets) As of the end of the third quarter consolidated accounting period, total assets amounted to 54,595 million yen, representing an increase of 3,102 million yen compared to the end of the pr evious consolidated fiscal year. This increase was primarily attributable to higher balances of merchandise and finished good s, work in process, raw materials and supplies, deposits paid included in other current assets, and software. Liabilities totaled 8,694 million yen, an increase of 1,158 million yen from the end of the previous consolidated fiscal year. Although accounts payable - other included in other current liabilities decreased, accounts payable - trade, income taxes payable, and provision for bonuses increased. Net assets amounted to 45,900 million yen, an increase of 1,944 million yen compared to the end of the previous consolidated fiscal year. Although treasury shares were acquired, the increase was mainly due to higher retained earnings. (3) Outlook for the Future The global economy continues to face uncertainty arising from geopolitical risks, inflation, and interest rate trends, requiring close attention to exchange rates and the policies of each country. Meanwhile, driven by energy security and decarbonization trends, investment in renewable energy, energy storage sy stems, and power infrastructure is expanding. Data center investment also remains at a high level, and further growth is expected. In terms of industrial structure, the shift to higher fre quencies and higher voltages and the adoption of next-generation power semiconductors such as SiC and GaN are advancing in the renewable energy, storage battery, and data center fields, increasing demand for the measurement tec hnologies needed to evaluate them. AI infrastructure investment is boosting demand across the component supply chain and for power suppl y components, and electrification is spreading across a wide range of industries. Customers ar e placing emphasis on quality control and operational efficiency, and needs are growing for more advanced quality contro l in battery manufacturing and for meas urement solutions that integrate and evaluate multiple types of data. The Group has expanded its business domain to cover the commissioning of AI data centers, power conversion and thermal management, and power measurement for next-generation elect ric drive systems. We also support the maintenance and management of power supply equipment such as BBUs, UPSs, and ESS, and provide measurement technologies essential for the introduction and operation of physical AI and all-solid-state batteries. Going forward, we aim to further expand our business domai n through new technology development and the provision of electrochemical measurement solutions in these fields. (4) Explanation of Forward-Looking Information such as Consolidated Earnings Forecasts There are no changes to the full-year consolidated earni ngs forecasts for the fiscal year ending December 2026, as announced in the notice of revision of consolidated earnings and dividend forecasts dated June 5, 2026. Orders received remain at a high level, backed by strong demand centered on AI data cente rs; however, a global supply shortage continues across electronic components in general, including power semiconductors and printed circuit boards. Expanding production capacity at major component manufacturers will take a certain amount of time and longer lead times and shipment delays are also occurring due to geopolitical risk s and difficulties in procuring raw materials. Considering these supply constraints and the unstable external environment, we have left the full-year consolidated earnings forecasts unchanged. Regarding the exchange rate assumptions, we have maintained the forecast rates used at the time of the earnings forecast revision on June 5, 2026; however, the dollar-yen exchange rate has since continued to fluctuate unstably toward both yen appreciation and yen depreciation. Excha nge rates may therefore become a major factor in earnings fluctuations, and depending on future developments, they may affect full-year results. The Group will continue to monitor order trends, supply conditions, exchange rates, and other factors, and if it becomes necessary to revise the consolidated earni ngs forecasts due to changing circumstan ces, we will promptly disclose such revisions.
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8 Quarterly consolidated balance sheet (Thousands of yen) As of December 31, 2025 As of September 30, 2026 Assets Current assets Cash and deposits 18,532,887 18,409,098 Notes and accounts receivable - trade, and contract assets 4,202,061 4,363,002 Electronically recorded monetary claims - operating 267,132 139,055 Merchandise and finished goods 1,410,693 1,944,661 Work in process 1,043,719 1,524,418 Raw materials and supplies 3,970,221 4,425,499 Other 742,542 1,777,128 Allowance for doubtful accounts (31,869) (14,634) Total current assets 30,137,389 32,568,229 Non-current assets Property, plant and equipment Buildings and structures, net 12,048,767 11,851,894 Machinery, equipment and vehicles, net 1,125,374 1,235,300 Tools, furniture and fixtures, net 1,784,893 1,866,301 Land 2,161,951 2,161,951 Construction in progress 141,493 206,192 Total property, plant and equipment 17,262,480 17,321,639 Intangible assets Software 466,294 965,629 Other 443,866 380,495 Total intangible assets 910,161 1,346,125 Investments and other assets 3,182,865 3,359,096 Total non-current assets 21,355,506 22,026,862 Total assets 51,492,895 54,595,091
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9 (Thousands of yen) As of December 31, 2025 As of September 30, 2026 Liabilities Current liabilities Accounts payable - trade 962,494 1,509,413 Income taxes payable 712,028 1,178,830 Provision for product warranties 88,264 89,445 Provision for bonuses 2,748,361 3,238,402 Provision for bonuses for directors (and other officers) - 85,148 Provision for share-based compensation for directors 63,158 63,454 Other 2,383,692 1,917,759 Total current liabilities 6,957,999 8,082,453 Non-current liabilities Deferred tax liabilities 24,194 26,773 Retirement benefit liability 34,636 35,426 Other 519,786 550,040 Total non-current liabilities 578,617 612,240 Total liabilities 7,536,617 8,694,693 Net assets Shareholders' equity Share capital 3,299,463 3,299,463 Capital surplus 4,068,746 4,106,257 Retained earnings 36,006,925 38,871,706 Treasury shares (1,678,896) (2,701,771) Total shareholders' equity 41,696,238 43,575,656 Accumulated other comprehensive income Valuation difference on available-for-sale securities 417,403 396,148 Foreign currency translation adjustment 1,041,124 1,173,540 Remeasurements of defined benefit plans 801,511 755,053 Total accumulated other comprehensive income 2,260,039 2,324,742 Total net assets 43,956,278 45,900,398 Total liabilities and net assets 51,492,895 54,595,091
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10 Quarterly consolidated statement of income (Thousands of yen) Nine months ended September 30, 2025 Nine months ended September 30, 2026 Net sales 29,219,069 35,871,297 Cost of sales 14,362,036 17,100,302 Gross profit 14,857,032 18,770,995 Selling, general and administrative expenses 10,095,450 11,582,368 Operating profit 4,761,582 7,188,627 Non-operating income Interest income 19,013 34,020 Dividend income 19,687 21,393 Rental income from buildings 12,771 14,945 Subsidy income 77,129 107,988 Refund income 68,423 - Other 74,016 67,441 Total non-operating income 271,041 245,788 Non-operating expenses Interest expenses 6,866 7,355 Commission for purchase of treasury shares - 5,743 Foreign exchange losses 158,907 28,657 Other 729 1,426 Total non-operating expenses 166,502 43,182 Ordinary profit 4,866,121 7,391,233 Extraordinary income Gain on sale of investment securities - 202,850 Gain on sale of non-current assets 542 4,377 Total extraordinary income 542 207,227 Extraordinary losses Loss on sale of investment securities - 190 Loss on sale of non-current assets 109 - Loss on retirement of non-current assets 3,028 59,293 Total extraordinary losses 3,137 59,483 Profit before income taxes 4,863,526 7,538,977 Income taxes - current 991,567 1,851,816 Income taxes - deferred 310,500 (140,149) Total income taxes 1,302,068 1,711,666 Profit 3,561,457 5,827,310 Profit attributable to owners of parent 3,561,457 5,827,310
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11 Quarterly consolidated statement of comprehensive income (Thousands of yen) Nine months ended September 30, 2025 Nine months ended September 30, 2026 Profit 3,561,457 5,827,310 Other comprehensive income Valuation difference on available-for-sale securities 95,124 (21,255) Foreign currency translation adjustment (97,514) 132,415 Remeasurements of defined benefit plans, net of tax 33,395 (46,457) Total other comprehensive income 31,005 64,702 Comprehensive income 3,592,463 5,892,013 Comprehensive income attributable to Comprehensive income attributable to owners of parent 3,592,463 5,892,013
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12 Notes to Quarterly Consolidated Financial Statements (Notes on segment information, etc.) Since the Group is a single segment of the electrical measuring instrument business, the description is omitted. (Notes on significant changes in the amount of shareholders' equity) Not applicable. (Notes on going concern assumption) Not applicable. (Notes on quarterly consolidated statement of cash flows) The quarterly consolidated statement of cash flows for the nine months ended September 30, 2026 has not been prepared. Depreciation (including amortization of intangible assets excluding goodwill) for the nine months ended September 30 is as follows: Nine months ended Se ptember 30, 2025 Nine months ended Se ptember 30, 2026 Depreciation 1,327,276 thousand yen 1,709,143 thousand yen