Financial Summary for Q3 of Fiscal Year Ending March 2026 [IFRS] (Consolidated)

Performance Overview

During the cumulative consolidated period of Q3 for the fiscal year ending March 2026, revenue was JPY 979,349 million (YoY △1.2%), recording a slight decline. Although there was decreased sales in the Americas OEM business and Oceania, independently operated businesses in Europe, Asia, and North America remained robust, resulting in revenue growth excluding foreign exchange impacts. Adjusted operating income was JPY 92,592 million (YoY △11.4%), a decrease primarily due to US tariffs, increased growth investment costs, and the effect of a stronger yen. Net income attributable to owners of parent was JPY 56,206 million (YoY △9.2%). By segment, the Construction Machinery Business recorded revenue of JPY 881,891 million (YoY △2.0%) and adjusted operating income of JPY 84,953 million (YoY △9.9%), while the Specialized Parts & Service Business posted revenue of JPY 103,711 million, increasing by 6.0% YoY, but adjusted operating income decreased by 24.8% to JPY 7,639 million.

Outlook

Global demand for hydraulic excavators remains robust, prompting an upward revision of the annual demand forecast to approximately 216,000 units (YoY △2%). Demand for new mining equipment is expected to decline, and customers maintain a cautious stance on maintenance investments. Taking these factors into account, the consolidated earnings forecast for the fiscal year ending March 2026 has been upwardly revised to revenue of JPY 1,370,000 million (+3.8% from previous forecast), adjusted operating income of JPY 137,000 million (+3.8%), and net income attributable to owners of parent of JPY 78,000 million (+5.4%). The annual dividend is maintained at JPY 175 per share, unchanged from the previous year. Additionally, the company plans to change its trade name to 'Landcross Corporation' on April 1, 2027.