I-ne CO (4933) investor relations material

Executive summary

• Net sales for the three months ended March 31, 2026, increased by 12.4% year-over-year to ¥12,493 million, but profit attributable to owners of parent declined by 54.4% to ¥173 million.

• Operating profit decreased by 13.8% year-over-year to ¥765 million, and ordinary profit fell by 14.8% to ¥706 million.

• Comprehensive income for the quarter dropped 48.7% year-over-year to ¥207 million.

Financial highlights

• EBITDA for the quarter was ¥1,199 million, down 8.9% year-over-year.

• Gross profit rose to ¥7,476 million from ¥6,240 million year-over-year, but selling, general and administrative expenses increased to ¥6,710 million.

• Basic earnings per share for the quarter was ¥9.74, down from ¥21.73 in the prior year.

• Total assets as of March 31, 2026, were ¥34,842 million, down from ¥37,060 million at the end of December 2025.

• Equity-to-asset ratio improved to 52.6% from 49.8% at the previous year-end.

Outlook and guidance

• Full-year 2026 net sales forecast is ¥52,000–54,000 million, representing a 6.2–10.3% year-over-year increase.

• Full-year EBITDA is projected at ¥1,200–2,700 million, with operating profit expected between ¥(500) million and ¥1,000 million, indicating a potential significant decline.

• Annual dividend forecast for 2026 is ¥15.00 per share, unchanged from the prior year.