Fiscal Year Ending March 2026 Financial Summary [IFRS] (Consolidated)

Overview of Performance

For the fiscal year ending March 2026, consolidated results showed revenue of JPY 2,037 billion, a 4.2% increase YoY. Operating income was JPY 53.9 billion, up 27.2%, profit before tax was JPY 61.9 billion, up 31.5%, and net income attributable to owners of parent was JPY 23.2 billion, up 39.2%. Regional sales growth was supported by increased production in North, Central, and South America and new product launches in Japan. Operating income increased despite recording quality-related costs, due to reduced impairment losses and efficiency improvements.

Financial Position and Cash Flow

Total assets increased by JPY 87.5 billion YoY to JPY 1.182 trillion, supported by increases in cash and cash equivalents and tangible fixed assets. Liabilities rose by JPY 48.5 billion to JPY 653.3 billion, mainly due to increases in provisions. Total equity increased by JPY 39.0 billion YoY to JPY 529.0 billion, driven by foreign currency translation adjustments. Cash flow from operating activities increased by JPY 142.9 billion, cash flow from investing activities decreased by JPY 75.4 billion, and cash flow from financing activities decreased by JPY 48.3 billion.

Outlook

For the fiscal year ending March 2027, earnings guidance assumes exchange rates of 1 USD = JPY 150 and 1 EUR = JPY 180. Revenue is forecast at JPY 2.12 trillion (up 4.1% YoY), operating income at JPY 80.0 billion (up 48.3% YoY), and net income attributable to owners of parent at JPY 48.0 billion (up 106.3% YoY). While global economic uncertainty remains, the company aims for sustainable growth by responding to increasing demand for interior comfort in autonomous and electric vehicles.