Fiscal Year December 2025 (Jan-Dec) Financial Presentation Materials

Overview of Fiscal 2025 Performance

Net sales for the fiscal year ending December 2025 were 349.4 billion yen, marking a 19.9% increase year-over-year. The rise in sales was driven by the acquisitions of Manitex Corporation and TIS, while shipments deferrals due to U.S. tariffs and delays from relocating production in Europe resulted in a decline compared to announced figures. Operating income was 18.5 billion yen, down 22.0% year-over-year, mainly due to acquisition-related expenses and the impact of U.S. tariffs. Net income attributable to owners of parent increased significantly to 18.2 billion yen, up 175.5% year-over-year, benefited by the sale of fixed assets in Europe and gains on investment securities sales.

Fiscal 2026 Forecast and Outlook

For the fiscal year ending December 2026, net sales are forecasted at 400.0 billion yen, an increase of 14.5% year-over-year, with operating income expected to rise to 25.0 billion yen, a 34.7% increase year-over-year. Conversely, net income attributable to owners of parent is forecasted at 14.0 billion yen, a decrease of 23.5% year-over-year. The increase in operating income is expected to result from the elimination of one-time acquisition-related expenses, volume growth, and price improvements. Regionally, sales growth is anticipated in Europe and North America.