Financial Results for the Fiscal Year Ending March 2026 [Japanese Standards] (Consolidated)

Performance Overview

For the fiscal year ending March 2026, consolidated results showed net sales of 62,045 million yen (down 2.1% YoY), operating profit of 1,470 million yen (down 38.3% YoY), ordinary income of 1,453 million yen (down 57.3% YoY), and net income attributable to owners of parent of -21 million yen, turning to loss from a profit of 1,792 million yen in the same period last year due to impairment losses, early retirement benefit expenses, and other special losses. Reduced production among major automotive customers impacted performance. Segments include the automotive-related business with net sales of 56,770 million yen (down 2.4% YoY), operating profit of 2,368 million yen (down 23.5% YoY), and the medical device segment with net sales of 5,274 million yen (up 2.0% YoY) and operating profit of 278 million yen (down 15.0% YoY).

Financial Position and Cash Flow

As of the end of the fiscal year ending March 2026, total assets decreased by 4,049 million yen YoY to 101,415 million yen, and net assets declined by 25,637 million yen YoY to 66,144 million yen. The equity ratio was 63.9%, down from 85.8% YoY, primarily due to a decrease in current assets. Cash flows from operating activities amounted to 3,003 million yen (down 63.0% YoY), investing cash flow was -7,561 million yen (compared to an inflow of 3,340 million yen last year), and financing cash flow was -3,137 million yen (down 51.5% YoY). The cash and cash equivalents at year-end totaled 22,773 million yen.

Dividends and Future Outlook

The annual dividend for the fiscal year ending March 2026 is planned at 92 yen per share (interim dividend of 39 yen and year-end dividend of 53 yen). For the fiscal year ending March 2027, earnings are expected to be net sales of 63,000 million yen (up 1.5% YoY), operating profit of 1,500 million yen (up 2.0% YoY), ordinary income of 1,500 million yen (up 3.2% YoY), and net income attributable to owners of parent of 700 million yen. The dividend is planned at 92 yen per share annually. The impact of geopolitical developments in the Middle East is currently difficult to estimate and has not been incorporated.