Q1 Earnings Supplemental Materials

Performance overview

For the first quarter of this fiscal year, consolidated revenue reached 9,599 million yen, up versus the previous year. Operating income was 692 million yen, down 5.1% year over year. Net income attributable to owners of the parent rose to 605 million yen. Foreign exchange assumptions were set at USD 150.00 yen and EUR 175.00 yen. The 2Q outlook implies progress of 45.7% toward the full-year plan, indicating the pace toward the annual targets. Regionally, the Food Processing Machinery manufacturing and sales business saw solid demand in Europe and North America, while Asia faced a decline due to large projects, offset by strength in repair and parts sales.

Outlook and points of focus

2Q deliveries are expected to proceed as planned, with expectations for the first half to meet the plan. Currency effects and trends in raw material costs and freight charges may impact profitability. Regionally, large-line demand in Europe and North America is continuing, with subsidies potentially expanding project scopes. Backlog and order trends, along with growth in repair and parts sales, could contribute to gross margin improvement.