FY2026 3rd Quarter Financial Summary [Japanese Standards] (Consolidated)

Overview of Performance

For the cumulative consolidated period of the 3rd quarter FY2026, net sales amounted to JPY 432,983 million (1.4% YoY increase), operating income was JPY 37,971 million (19.5% YoY increase), ordinary income was JPY 36,784 million (28.1% YoY increase), and net income attributable to owners of parent was JPY 22,071 million (20.0% YoY increase). This performance was primarily driven by increased sales of industrial battery power sources, domestic automotive batteries, and automotive lithium-ion batteries. The equity ratio improved to 51.5% from 50.0% at the end of the previous fiscal year.

Segment Performance and Future Outlook

Domestic automotive batteries saw net sales of JPY 77,980 million (6.6% YoY increase) and segment profit of JPY 7,926 million (12.5% YoY increase), supported by higher sales volume and price adjustments. Overseas sales declined due to yen appreciation and other currency effects, but profits increased owing to subsidies and other factors. Industrial battery power sources recorded net sales of JPY 82,407 million (6.8% YoY increase) due to large order wins, and automotive lithium-ion batteries achieved net sales of JPY 61,640 million (2.0% YoY increase) driven by higher sales volume. The full-year earnings guidance has been upwardly revised to operating income of JPY 53,500 million (4.9% increase from prior forecast) and net income attributable to owners of parent of JPY 36,000 million (9.1% increase). The dividend forecast has also been revised upward.