Financial Summary for the Three Months Ended March 2026 [IFRS] (Consolidated)

Performance Overview

For the third quarter of the fiscal year ending March 2026, consolidated results included net sales of JPY 1,232,235 million (7.3% year-over-year increase), operating income of JPY 75,208 million (3.1% year-over-year increase), profit before income taxes for the quarter of JPY 69,655 million (16.2% year-over-year increase), and net income attributable to owners of the parent of JPY 49,385 million (16.2% year-over-year increase). The core Precision Technologies, Motor, Lighting & Sensing, and Semiconductor & Electronics businesses all posted increases in net sales and profits, while the Access Solutions segment experienced declines in both net sales and profits due to reduced automobile production.

Financial Position and Dividend Policy

Total assets amounted to JPY 1,782,291 million, an increase of JPY 197,477 million from the end of the previous consolidated fiscal year, liabilities totaled JPY 926,323 million, up JPY 96,134 million, and equity attributable to owners of the parent was JPY 844,462 million, with an equity ratio of 47.4% (an increase of 0.5 points). Cash flows included an inflow of JPY 44,833 million from operating activities, an outflow of JPY 66,211 million from investing activities, and an inflow of JPY 11,407 million from financing activities. Dividends of JPY 25 per share were paid for the interim period, and a year-end dividend of JPY 25 per share is planned.

Revision to Consolidated Earnings Guidance

The full-year consolidated earnings guidance was revised upward with net sales forecast raised to JPY 1,600,000 million (an increase of JPY 50,000 million from the previous guidance) and operating income forecast raised to JPY 101,000 million (an increase of JPY 1,000 million). The net income attributable to owners of the parent is unchanged at JPY 71,000 million.