We would like to report on the overview of the fiscal year ended March 2026, our 126th term.
In the domestic manufacturing sector during the fiscal year, the business climate lacked momentum in the first half due to confusion surrounding U.S. tariff policies and delays in the recovery of capital investment and semiconductor market conditions both in Japan and overseas. However, in the second half, these conditions began to improve, creating an environment with a more positive outlook for the next fiscal year.

Under these business conditions, the VALQUA Group, in line with the second year of its medium-term management plan “New Frontier 2026” (NF2026) and its commitment to “pursuing the creation of new value to maximize stakeholder satisfaction,” worked to secure stable earnings while also advancing the enhancement and expansion of production bases and promoting M&A to prepare for future growth.
As a result, although net sales fell below the previous fiscal year due in part to the sale of the silicon wafer recycling business conducted at the end of the prior term, sales growth in high value-added products and efforts to improve profitability led to increases in both operating profit and net profit.

During the fiscal year, misconduct by a former employee occurred, causing significant concern and inconvenience to our stakeholders. We offer our deepest apologies.
We take this matter very seriously and will strengthen governance through thorough implementation of recurrence prevention measures, such as reinforcing system controls in financial and accounting operations, to fully restore your trust.

In the next fiscal year ending March 2027, our company will celebrate its 100th anniversary.
In this milestone year, the Group will accelerate its efforts toward value creation by expanding its presence in advanced industry markets and enhancing digital solutions for the equipment and plant markets.
We regard our 100th anniversary not merely as a milestone but as a starting point for further growth. We will continue to steadily carry out initiatives aimed at restoring trust while driving business growth, and we will forge new paths forward.