Research and development of new water supply, hot-water supply and heating products

「The amount spent on research and development activities during the current interim accounting period was ¥148 million. There were no material changes in the status of our research and development activities during the current interim accounting period.」

「For water supply equipment products, we completed the full range of nominal diameters for QHP joints developed for high-density polyethylene water pipes. We also commercialized the new HS-6 air-release and vacuum valve for installation on risers in apartment buildings, and promoted the downsizing and weight reduction of meter units. In addition, we worked to reduce manufacturing costs and environmental impact by downsizing various products, standardizing components and reviewing materials. R&D expenses related to the water supply equipment business were ¥241 million.」

「The company's total R&D expenses for the interim accounting period were ¥167 million. There were no material changes in the status of the company's R&D activities during the interim accounting period.」

「For water supply equipment products, we commercialized a new stainless-steel compression core for saddle-type service tees. We also focused on adding types of QHP joints, commercialized the previous year for high-density polyethylene water supply pipes, and expanding buried meter sets conforming to the specifications of individual water utilities.」

「The Group's total R&D expenses for the interim consolidated accounting period were ¥181 million. There were no material changes in the status of the Group's R&D activities during the interim consolidated accounting period.」

「For water supply equipment products, we expanded the range of conventional seismic-resistant joints and integrated joint valves, and commercialized QHP joints developed for high-density polyethylene pipes used for water supply.」

「The Group's total R&D expenses for the cumulative third quarter were ¥258 million. There were no material changes in the status of the Group's R&D activities during the cumulative third quarter.」

「The Group's total R&D expenses for the cumulative second quarter were ¥160 million. There were no material changes in the status of the Group's R&D activities during the cumulative second quarter.」

「The Group's total R&D expenses for the cumulative first quarter were ¥71 million. There were no material changes in the status of the Group's R&D activities during the cumulative first quarter.」

「For water supply equipment products, we improved saddle-type service tees installed on distribution pipes to enhance installation efficiency, completing the rollout to standard products. For water supply joints, we continued expanding the range of conventional seismic-resistant joints and focused on developing new joints for high-density polyethylene pipes used for water supply.」

「For water supply equipment products, we continued expanding the range of conventional seismic-resistant joints and developing new seismic-resistant joints for various types of water supply pipes. In particular, we improved the KMP Joint S-Type for Type 1 two-layer polyethylene water pipes to make the completion criteria easier to understand and reduce the tightening torque.」

「The Group's research and development expenditure for the nine-month period ended the third quarter was ¥229 million. There were no material changes in the status of the Group's research and development activities during the nine-month period ended the third quarter.」

「The Group's total R&D expenses for the cumulative second quarter were ¥148 million. There were no material changes in the status of the Group's R&D activities during the cumulative second quarter.」

「In the water supply equipment business, we focused on supplying products for replacement installation projects ordered by water utilities. At the same time, we advanced the development of products with improved seismic resistance and installation efficiency, downsized various products, standardized components and worked to reduce manufacturing costs. The Group's total R&D expenses for the cumulative first quarter were ¥73 million.」

「We continued expanding the range of seismic-resistant joints and developing new seismic-resistant joints for various types of water supply pipes. We also launched products based on conventional stainless-steel joints that had been improved to enhance installation efficiency.」

「The Group's total R&D expenses for the cumulative second quarter were ¥136 million. There were no material changes in the status of the Group's R&D activities during the cumulative second quarter.」

「The Group's total R&D spending for the three-month consolidated cumulative period was ¥60 million. There were no material changes in the status of the Group's R&D activities during the three-month consolidated cumulative period.」

「For water meter peripheral components, we developed duplex meter sets in configurations of up to 4 meters and obtained approval from the Tokyo Metropolitan Government Bureau of Waterworks. We also developed PS meter sets with improved interchangeability of consumable parts.」

「The Group's total R&D expenses for the cumulative third quarter were ¥183 million. There were no material changes in the status of the Group's R&D activities during the cumulative third quarter.」

「The Group's total R&D expenses for the cumulative second quarter were ¥119 million. There were no material changes in the status of the Group's R&D activities during the cumulative second quarter.」

「The Group's research and development expenses for the three-month period ended the first quarter totaled ¥57 million. There were no material changes in the status of the Group's research and development activities during the three-month period ended the first quarter.」

「For water supply equipment, we continued adding types of seismic-resistant joints and developing products in response to the needs of individual water utilities. We developed a dedicated stainless-steel compression core insertion tool for installing saddle-type service tees on pipes, improving installation efficiency. We downsized the standard ball stop valve used on the inlet side of water meters, one of our core products, and improved and developed peripheral joints for PS meter sets. We also continued standardizing components across various other products. R&D expenses related to the water supply equipment products business were ¥165 million.」

「The Group's total R&D expenses for the cumulative third quarter were ¥186 million. There were no material changes in the status of the Group's R&D activities during the cumulative third quarter.」

「The Group's total R&D expenses for the cumulative second quarter were ¥124 million. There were no material changes in the status of the Group's R&D activities during the cumulative second quarter.」

「For the first quarter of the current consolidated fiscal year, the Group's total research and development expenditure was ¥62 million. There were no significant changes in the status of the Group's research and development activities during the period.」

「For water supply equipment, we improved the KMP Joint S-Type and P-One Joint S-Type for seismic-resistant piping to improve installation efficiency. We also continued improving ball stop valves to accommodate changes in water utility specifications, including enhancements to installation efficiency. In addition, we continued efforts to reduce the size of products such as saddle-type service tees and standardize components. R&D expenses related to the water supply equipment products business were ¥185 million.」

「Group-wide research and development activities during the third quarter of the current consolidated cumulative period amounted to ¥211 million. There were no material changes in the status of our group's research and development activities during the current consolidated cumulative third quarter.」

「The amount spent on group-wide research and development activities during the second quarter of the current consolidated cumulative period was ¥133 million. There were no material changes in the status of our group's research and development activities during the current consolidated cumulative second quarter.」

「The amount spent on group-wide research and development activities during the first quarter of the current consolidated cumulative period was ¥61 million. There were no material changes in the status of our group's research and development activities during the current consolidated cumulative first quarter.」

「In the water supply equipment business, we developed new products, including the PE Joint S Type, KMP Joint S Type and P One Joint S Type, as part of the S-Type series, which provides enhanced connections to polyethylene pipes to address the seismic-resilience requirements of pipelines.」

「Group-wide research and development activities during the third quarter of the current consolidated cumulative period amounted to ¥238 million. There were no material changes in the status of our group's research and development activities during the current consolidated cumulative third quarter.」

「Group-wide research and development activities during the second quarter of the current consolidated cumulative period amounted to ¥154 million. There were no material changes in the status of our group's research and development activities during the current consolidated cumulative second quarter.」

「Group-wide research and development activities during the first quarter of the current consolidated cumulative period amounted to ¥74 million. There were no material changes in the status of our group's research and development activities during the current consolidated cumulative first quarter.」

「We are developing water supply equipment for use with municipal water supplies that pursues safer drinking-water provision, components related to indoor water supply and hot-water piping systems, and components related to heating systems designed with the residential environment in mind, responding rapidly to changes in the environment and market. Total research and development expenses for the fiscal year were ¥289 million.」