Financial Summary for the Third Quarter of Fiscal Year Ending March 2026

Overview of Financial Results

During the cumulative consolidated third quarter period of the fiscal year ending March 2026, net sales amounted to 380.287 billion yen, a 1.2% increase compared to the same period last year. Meanwhile, operating income decreased by 13.2% YoY to 28.584 billion yen, and ordinary income also decreased by 8.9% YoY to 33.487 billion yen. Net income attributable to owners of parent for the quarter increased by 12.6% YoY to 21.366 billion yen. Key factors included tough market conditions in China and Asia, impacts from U.S. tariffs, semiconductor shortages, and costs related to quality issues; however, the consolidation of Stanley-Angstrom Electric da Amazonia Ltda. as a subsidiary contributed to increased revenue.

Segment Performance and Financial Position

In the automotive equipment business, net sales were 328.986 billion yen (1.5% increase YoY) and operating income was 29.489 billion yen (6.8% decrease YoY). The components business posted net sales of 28.662 billion yen (3.7% increase YoY) and operating income of 2.841 billion yen (30.9% increase YoY). The electronic application products business recorded net sales of 83.197 billion yen (4.6% decrease YoY) and operating income of 6.675 billion yen (4.8% increase YoY). Total assets increased to 779.316 billion yen compared to the previous fiscal year-end, while net assets decreased to 558.445 billion yen. The number of treasury shares rose sharply due to share buybacks.