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

Performance Overview

In the cumulative consolidated third quarter period of the fiscal year ending March 2026, sales amounted to ¥53,315 million (13.6% year-over-year increase), operating income was ¥7,370 million (11.8% year-over-year increase), and ordinary income was ¥9,384 million (18.3% year-over-year increase). The increase in sales was driven by steady performance across segments as well as the consolidation of ZENIT INTERNATIONAL S.P.A. On the other hand, net income attributable to owners of parent for the quarter was ¥5,973 million (15.2% year-over-year decrease), affected by the fact that special gains were recorded in the same period of the previous year. The equity ratio rose to 75.9%.

Segment Performance and Future Outlook

The Japan segment recorded sales of ¥39,325 million (1.9% year-over-year increase) and segment profit of ¥5,885 million (18.4% year-over-year increase). North America posted sales of ¥11,157 million (20.1% year-over-year increase) and segment profit of ¥1,164 million (12.6% year-over-year increase). Asia reported sales of ¥12,834 million (4.6% year-over-year increase) and segment profit of ¥1,399 million (3.3% year-over-year decrease). Europe, due to the consolidation of ZENIT INTERNATIONAL S.P.A., recorded sales of ¥4,591 million and a segment loss of ¥325 million. The full-year earnings guidance remains unchanged, with sales projected at ¥74,000 million, operating income at ¥11,000 million, and net income attributable to owners of parent at ¥7,800 million (11.2% year-over-year decrease).