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Overview and Background

Sanoh Industrial disclosed questions and answers from one-on-one meetings with institutional investors and analysts following the Q1 FY2027 earnings announcement. The profit plan for this fiscal year assumes contributions in the second half, and Q1 progressed broadly in line with the plan. However, there are regional differences: Japan and Asia are robust, while North/South America, Europe and China face challenges. On a consolidated basis, Q1 proceeded along the planned line. Key factors going forward are recovery of profitability in North/South America, structural reforms in China, and countermeasures against rising costs in Europe.

By Segment and Outlook

In the European segment, the Mexico site experienced delays in ramping up new projects, prompting an inventory valuation review and recording a loss on inventory valuation of approximately 230 million yen. Excluding the impact, performance is on par with the prior year. North/South America is affected by foreign exchange and upfront costs. Going forward, the company expects to recover tariff costs, complete the cycle of upfront expenses, and begin ramp-up of projects for a major U.S. automaker. The data center business is seeing increased inquiries both domestically and internationally and is progressing toward mass production. Overall, performance is expected to follow the planned trajectory.