Fiscal Year Ending December 2026 Q1 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Performance

Consolidated net sales for the first quarter of the fiscal year ending December 2026 were 50.373 billion yen (7.3% Year-over-Year increase). Operating income was 5.395 billion yen (15.4% Year-over-Year decrease), as cost increases and other profit-reducing factors outweighed gains from improved selling prices and product mix. Meanwhile, ordinary income rose significantly to 7.918 billion yen (66.8% Year-over-Year increase) due to an improvement in foreign exchange gains and losses, and net income attributable to owners of parent for the quarter increased sharply to 5.801 billion yen (74.4% Year-over-Year increase). By segment, the automotive electrical equipment market recorded 39.151 billion yen (6.7% Year-over-Year increase), and the life and industrial equipment market was steady at 11.218 billion yen (9.2% Year-over-Year increase).

Financial Position and Dividend

Total assets at the end of the first quarter amounted to 377.881 billion yen, an increase compared to the previous fiscal year-end, and net assets rose to 338.293 billion yen. The equity ratio slightly declined to 89.4%. The annual dividend forecast is 56.00 yen per share (interim dividend of 28.00 yen and year-end dividend of 28.00 yen), representing a reduction from the previous year's 106.00 yen; however, there is no revision to this dividend forecast.

Corporate Acquisitions and Future Outlook

On January 8, 2026, Mabuchi Motor Co., Ltd. acquired Japan Pulse Motor Co., Ltd. as a subsidiary, adding 13 companies to the consolidation scope. This aims to strengthen motion control technology and expand business in the 3M domains (Mobility, Machinery, Medical). Furthermore, on April 23, 2026, the company resolved to acquire shares of Masudac Co., Ltd., a food machinery manufacturer, with plans to make it a subsidiary. The consolidated earnings forecast for the fiscal year ending December 2026 anticipates net sales of 213 billion yen (6.3% Year-over-Year increase), operating income of 26 billion yen (2.1% Year-over-Year increase), and net income attributable to owners of parent of 21.5 billion yen (18.2% Year-over-Year decrease).