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

Performance Overview

For the cumulative third quarter consolidated period of the fiscal year ending May 2026, revenue amounted to JPY 17,346 million (down 18.2% YoY), resulting in an operating loss of JPY 899 million. Ordinary income was JPY 9 million, down 98.6% YoY, and the net quarterly loss attributable to owners of the parent was JPY 240 million. The decline in revenue was primarily due to sluggish sales in the Japanese production and sales business. Although order intake recovered to JPY 19,133 million (up 44.6% YoY), much of that revenue is expected to contribute from the fourth quarter onward. Currency fluctuations and fixed cost burdens also impacted profitability.

Segment Performance and Financial Position

The Japanese production and sales business reported revenue of JPY 9,729 million (down 28.2% YoY) with a segment loss of JPY 466 million. The North American sales business posted revenue of JPY 1,219 million (up 9.7% YoY) and a segment profit of JPY 15 million. The European production and sales business recorded revenue of JPY 4,534 million (up 0.5% YoY), while segment loss widened to JPY 630 million. The Asian sales business had revenue of JPY 1,862 million (down 8.8% YoY) with a segment profit of JPY 61 million. The Chinese production business is striving to increase production volume, but recorded a segment loss of JPY 22 million. Total assets were JPY 59,611 million, total liabilities were JPY 4,934 million, and total net assets were JPY 54,677 million, with an equity ratio of 91.7%.