Financial Summary for Q1 FY2026 Ending December 31 [IFRS] (Consolidated)

Overview of Financial Results

For the consolidated Q1 FY2026, net sales were ¥83,032 million (16.9% YoY increase), operating income was ¥8,209 million (68.3% YoY increase), profit before income taxes for the quarter was ¥9,613 million (105.5% YoY increase), and net income attributable to owners of the parent was ¥5,483 million (67.0% YoY increase). Recovery in demand for precision reduction gears and increased demand for automatic doors and marine equipment contributed positively. By segment, the Component Solutions business achieved net sales of ¥22,259 million (27.8% YoY increase) and operating income of ¥1,969 million (394.5% YoY increase); the Transport Solutions business posted net sales of ¥24,891 million (13.6% YoY increase) and operating income of ¥4,074 million (25.1% YoY increase); and the Accessibility Solutions business recorded net sales of ¥32,186 million (14.2% YoY increase) and operating income of ¥4,107 million (21.8% YoY increase).

Financial Position and Revision of Earnings Guidance

Total assets stood at ¥444,613 million, a decrease of ¥19,378 million compared with the end of the previous fiscal year, while total liabilities declined by ¥16,590 million to ¥158,567 million. Equity attributable to owners of the parent increased by ¥2,198 million to ¥274,130 million. Cash flows showed an increase of ¥4,634 million from operating activities, an increase of ¥10,076 million from investing activities, and a decrease of ¥8,115 million from financing activities. The earnings guidance for FY2026 was revised upward to net sales of ¥327,000 million (6.2% YoY increase), operating income of ¥27,700 million (33.6% YoY increase), and net income attributable to owners of the parent of ¥18,600 million (18.5% YoY increase).