2025 Fiscal Year Earnings Presentation

Overview of Fiscal Year 2025 Performance

Net sales for fiscal year 2025 reached JPY 4,132.8 billion, marking a 0.7% increase year-over-year. Meanwhile, operating income declined by 13.7% year-over-year to JPY 567.3 billion, and net income attributable to owners of parent decreased by 14.4% year-over-year to JPY 376.4 billion. The operating income ratio to net sales fell 2.3 points from the previous year to 13.7%. ROE also declined by 2.9 points to 11.3%. Dividend per share remained unchanged at JPY 190. The net D/E ratio rose by 0.02 points to 0.26 compared to the prior year.

Segment Performance and Net Sales by Region

The Construction Machinery and Vehicle segment posted net sales of JPY 3,806.0 billion, a 0.2% increase year-over-year, while segment profit declined 18.0% year-over-year to JPY 491.1 billion. The Retail Finance segment achieved net sales of JPY 126.1 billion (up 2.4% YoY) and profit of JPY 36.6 billion (up 24.4% YoY). The Industrial Machinery and Other segment recorded net sales of JPY 238.8 billion (up 6.8% YoY) and profit of JPY 37.9 billion (up 38.5% YoY). By region, net sales increased in Latin America, Europe, and Africa, resulting in a 0.1% increase on a constant currency basis excluding foreign exchange effects.