Consolidated Financial Summary for the Third Quarter of Fiscal Year Ending March 2026 (Japanese GAAP)

Performance Overview

Consolidated results for the third quarter of the fiscal year ending March 2026 recorded net sales of ¥247,186 million (down 2.4% YoY), operating income of ¥14,770 million (down 11.0% YoY), ordinary income of ¥15,826 million (down 7.4% YoY), and net income attributable to owners of the parent of ¥11,965 million (up 1.9% YoY). The decline in net sales was primarily due to decreased sales volume and the adverse impact of yen appreciation on foreign exchange. Operating income decreased due to tariff impacts in the U.S. and increased labor and other expenses; however, net income increased. By segment, the Japanese market saw increases in net sales and operating income due to higher sales volumes, while the Asian market experienced decreases in both net sales and operating income due to lower sales volumes and foreign exchange impacts. The Americas and Europe segments posted slight revenue increases but declines in operating income.

Outlook and Dividends

The full-year consolidated earnings forecast for the fiscal year ending March 2026 has been revised upward, incorporating revised foreign exchange assumptions (¥149/USD) and tariff-related cost increases, to net sales of ¥320 billion (up 3.2% from the previous forecast), operating income of ¥18,500 million (in line with the previous forecast), ordinary income of ¥19,000 million (up 5.6%), and net income attributable to owners of the parent of ¥12,500 million (up 4.2%). Along with this revision, the annual dividend forecast has been raised to ¥77.00 (previous ¥75.00).