Fiscal Year Ending March 2026 3rd Quarter Financial Summary [Japanese GAAP] (Consolidated)

Performance Overview

Consolidated net sales for the 3rd quarter of the fiscal year ending March 2026 were 603,339 million yen (2.0% decrease YoY). Operating income increased to 19,301 million yen (35.8% increase YoY) due to price pass-through and reduced variable and fixed costs. Ordinary income was 13,977 million yen (141.5% increase YoY), and net income attributable to owners of parent for the quarter was 3,720 million yen (compared to a 8,251 million yen loss in the same period last year), demonstrating significant profitability improvement. By segment, although net sales showed a decreasing trend in Japan, the Americas, Europe, and Asia & others, profit improvements were observed primarily due to cost reductions. By business type, the Bearings and Other business segment posted net sales of 251,827 million yen (0.3% increase YoY) but operating income declined by 29.1% to 6,731 million yen. Meanwhile, the CVJ Axle business recorded net sales of 351,512 million yen (3.6% decrease YoY) with a significant increase in operating income by 166.2% to 12,570 million yen.

Financial Position and Cash Flow Status

Total assets increased to 887,593 million yen (3.6% increase YoY), net assets rose to 294,136 million yen (18.3% increase YoY), and the equity ratio improved to 31.2%. Financial strength was enhanced through increased current assets and reduced liabilities. Cash flows from operating activities were 35,629 million yen (63.1% increase YoY), cash flows used in investing activities were 22,992 million yen, and cash flows used in financing activities were 5,544 million yen. Cash and cash equivalents at the end of the period increased by 11.2% YoY to 142,049 million yen. The annual dividend forecast remains unchanged at 11.00 yen.