FY March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Business Performance

During the cumulative third quarter period of FY March 2026 (April 1, 2025 – December 31, 2025), net sales totaled 100,003 million yen (3.4% decrease YoY), operating income was 5,526 million yen (1.7% decrease YoY), ordinary income was 5,487 million yen (5.6% decrease YoY), and net income attributable to owners of parent for the quarter was 3,278 million yen (3.4% increase YoY). The core speaker business recorded net sales of 82,433 million yen (3.6% decrease YoY) and operating income of 4,632 million yen (9.3% decrease YoY), mainly due to reduced sales to some automobile manufacturers in China. The mobile audio business posted net sales of 9,660 million yen (7.6% decrease YoY) and operating income of 505 million yen (28.1% decrease YoY). Meanwhile, the other segments achieved net sales of 7,910 million yen (4.8% increase YoY) and operating income of 387 million yen, turning profitable compared to an operating loss of 188 million yen in the same period last year.

Financial Condition and Future Outlook

Total assets increased by 3,075 million yen from the previous consolidated fiscal year-end to 109,901 million yen due to capital investments. Liabilities decreased by 1,087 million yen to 37,006 million yen owing to a reduction in accounts payable. Net assets grew by 4,163 million yen to 72,895 million yen driven by an increase in retained earnings and foreign currency translation adjustments, improving the equity ratio to 58.7% (up 1.7 points from the previous fiscal year-end). Cash flows from operating activities increased by 3,766 million yen, investing activities decreased by 3,805 million yen, and financing activities decreased by 1,870 million yen, leaving cash and cash equivalents at 19,210 million yen. There is no change to the full-year earnings forecast.