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

Overview of Business Performance

Net sales for the cumulative consolidated third quarter of the fiscal year ending February 2026 reached 172.833 billion yen (3.9% YoY increase), supported by increased unit sales in Europe and contributions from new distributors in the Asia and Oceania regions. Operating income was 31.434 billion yen (7.0% YoY decrease), impacted by U.S. tariffs and exchange rate fluctuations, while ordinary income increased to 32.884 billion yen (1.6% YoY increase) due to foreign exchange gains. Net income attributable to owners of parent for the quarter was 23.473 billion yen (0.4% YoY increase).

Segment Performance and Financial Position

The Japan segment showed steady sales to European distributors, with net sales of 52.089 billion yen (5.2% YoY increase), but profit decreased to 22.458 billion yen (24.2% YoY decrease) due to production adjustments. The U.S. segment recorded strong crawler loader sales but weak shovel sales, with net sales of 98.721 billion yen (1.4% YoY increase) and profit declining to 6.16 billion yen (39.1% YoY decrease) due to tariff burdens. The U.K. segment benefited from market recovery, posting net sales of 14.008 billion yen (27.6% YoY increase) and profit of 1.017 billion yen (261.0% YoY increase). France and China experienced declines in both sales and profits. Total assets stood at 215.174 billion yen, net assets at 177.474 billion yen, and the equity ratio improved to 82.5% from the previous fiscal year-end.