Fiscal Year Ending March 2027 Second Quarter (Interim) Financial Summary

Overview of Results

For the second quarter of the fiscal year ending March 2027, Alps Alpine Co., Ltd. reported consolidated net sales of 542,964 million yen, a 7.4% increase year-over-year. Despite higher sales, operating income declined sharply to 13,206 million yen, ordinary income was 13,804 million yen, and net income attributable to owners of the parent for the interim period was 2,952 million yen, significantly below the prior year. Amid currency effects and changes in market conditions, the Mobility segment recorded an expanded operating loss, resulting in an overall reduction in profit levels. The company recognized 6,000 million yen as gain on sale of investment securities as extraordinary income and 8,800 million yen as product warranty loss as extraordinary loss.

Outlook and Capital Position

The full-year earnings forecast remains unchanged from the projection published on April 30, 2026, with targets including net sales of 1,045,000 million yen, operating income of 48,500 million yen, and net income attributable to owners of parent of 30,000 million yen. Treasury stock repurchases continue, and treasury stock at the end of the period stood at 32,995 million yen. The financial position remains sound with total assets of 797.5 hundred million yen and a shareholders' equity ratio of 54.8%. Cash flows were affected across operating, investing, and financing activities, and cash and cash equivalents at the end of the period decreased to 86,965 million yen compared with the prior fiscal year-end.