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

Performance Summary

Consolidated net sales for the quarter were 167.949 billion yen, up 14.2% year-over-year. Operating income was 21.631 billion yen, up 10.6% year-over-year, ordinary income was 26.489 billion yen, and quarterly net income attributable to owners of parent was 18.545 billion yen, maintaining a profit-increasing trend. The equity ratio remained high at 85.3%. The full-year forecast is net sales of 225,000 million yen, operating income of 26,500 million yen and net income attributable to owners of parent of 22,200 million yen. The acquisition of Masudac led to segment realignment and partial recognition of goodwill, which impacted results.

Financial Position and Outlook

Total assets amounted to 381,709 million yen, net assets were 325,847 million yen, and the equity ratio was a stable 85.3%. The increase in quarterly net income was mainly driven by foreign exchange effects and improved sales mix. While the full-year forecast remains unchanged, the outlook may be revised depending on currency movements, new technologies and market trends. Segment-wise, expansion in the motor business and the equipment and parts businesses contributed to results.