Q3 Financial Summary for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

Performance Overview

For the cumulative third quarter of the fiscal year ending March 2026, consolidated net sales were 41,179 million yen (1.8% decrease YoY), operating income was 1,093 million yen (1.4% increase YoY), ordinary income was 1,780 million yen (9.5% increase YoY), and net income attributable to owners of parent was 1,036 million yen (16.7% increase YoY). Net sales declined due to decreases in civil engineering and architectural related products and domestic sales of automotive-related products; however, this was offset by steady overseas sales and an increase in construction machinery-related products. Operating income benefited from price revisions in the product division-related business and profit growth abroad. Meanwhile, the IH division-related business saw decreases in both net sales and operating income due to reduced rush demand ahead of increased US tariffs.

Financial Position and Dividends

Total assets were 83,757 million yen, remaining roughly flat compared to the previous year, net assets were 63,208 million yen (4.7% decrease YoY), and the equity ratio was 67.7%. The decline was primarily due to share buybacks and reductions in the foreign currency translation adjustment account. The annual dividend is planned at 67 yen (compared to 51 yen last year), with no revision to the dividend forecast.

Full-Year Earnings Guidance

The full-year earnings guidance for the fiscal year ending March 2026 projects net sales of 58,000 million yen (0.8% increase YoY), operating income of 1,600 million yen (1.1% decrease YoY), ordinary income of 2,100 million yen (9.5% decrease YoY), and net income attributable to owners of parent of 1,300 million yen (28.4% decrease YoY). There are no revisions to the forecast figures, maintaining a cautious outlook.