2025 Fiscal Year Supplementary Earnings Presentation

Overview of Full-Year 2025 Results

Consolidated revenue for 2025 was 1,715.4 billion yen, an increase of 1.1% year-over-year; however, operating income declined by 7.2% to 148.7 billion yen. Net income attributable to owners of parent was 88.7 billion yen, down 5.1% YoY. Gross profit margin was 37.4%, and operating margin was 8.7%. By region, Europe recorded increases in both revenue and profit, while declines were observed in Japan and Asia Pacific. Capital expenditures were 112.3 billion yen, down 12.5% YoY, and total assets increased by 7.8% to 2,218.0 billion yen. Cash flow from operating activities decreased to 159.3 billion yen.

Full-Year 2026 Earnings Forecast and Outlook

For 2026, consolidated revenue is forecasted at 1,826.0 billion yen (up 6.4% YoY), operating income at 155.0 billion yen (up 4.2% YoY), and net income attributable to owners of parent at 89.0 billion yen (up 0.3% YoY). Growth in Europe and Oceania regions is expected to be significant, with capital expenditures forecasted at 105.5 billion yen, a slight decrease. While considering foreign exchange impacts, the company aims to increase both revenue and profit. The dividend payout ratio is planned to be maintained at 41.7%. Overall, the trend is expected to return to revenue and earnings growth.