Financial Summary for the Third Quarter of Fiscal Year Ending March 2026 [Japan GAAP] (Consolidated)

Performance Overview

Consolidated results for the third quarter of the fiscal year ending March 2026 recorded net sales of ¥83,128 million (1.1% YoY increase), achieving an all-time high. Operating income decreased by 30.4% YoY to ¥2,086 million due to increased safety-priority capital and human investments and the full impact of North American tariffs. Ordinary income similarly declined by 20.8% YoY to ¥3,571 million. However, the recognition of approximately ¥12,900 million gain from sale of investment securities led to a significant rise in net income attributable to owners of parent, which reached ¥11,497 million (308.2% increase YoY). Segmentally, sales increased in Japan and North America but operating income decreased; in China, sales declined but operating income increased; sales and operating income both rose in Asia.

Financial Position and Outlook

Total assets increased 5.0% from the previous fiscal year-end to ¥150,059 million, and net assets grew 9.4% to ¥88,684 million, improving the equity ratio to 56.1%. The increase in current assets was mainly due to higher cash and deposits. The full-year earnings forecast for the fiscal year ending March 2026 was revised upward for ordinary income and net income attributable to owners of parent due to yen depreciation adjustments in exchange rates. Safety-first capital investment is planned expenditure, and the company will continue to focus on growth investments and strengthening its management foundation while maintaining shareholder returns.